Junk silver on eBay. Is this a good deal?

[nebbysilver]

Some junk coins on eBay. Is this a good deal?

https://www.ebay.co.uk/itm/500g-Of-900-Silver-USA-Constitutiinal-American-Coins-Junk-Bullion-Half-Kilo-/164693163127

[ChrisSilver]

Moved to a new topic  

[Arbkev]

Works out at 80p per gram. Spot is currently around 64p per gram so I would say price is high for junk silver

[Kussilver]

On 19/02/2021 at 13:48, nebbysilver said:

Some junk coins on eBay. Is this a good deal?

https://www.ebay.co.uk/itm/500g-Of-900-Silver-USA-Constitutiinal-American-Coins-Junk-Bullion-Half-Kilo-/164693163127

Roughly 25% over spot for very worn junk silver. Seems a lot to me. 

[Divmad]

Agreed. I can often pick up junk silver coins on Flea Bay around spot =/- 5%, with patience.

[MrUpwardlyMobile]

US Junk silver is supposed to be low premium. That’s not low premium. It’s a healthy amount above spot.

 

Also, that’s kind of a weird way to sell Junk silver. You usually go by multiples of face value, not claimed weight that is presumably based upon the weight at release from the mint, not current weight.

Edited February 24, 2021 by MrUpwardlyMobile

[Bigmarc]

It's not as expensive as most charge. There is a lot of ads for ounces rather than Troy ounces. Also advertised weight of full amount rather than silver content and people still buy them. I wouldn't buy it because I enjoy spending hours looking for a good deal. For a but it now price with free delivery it seems ok if you can't be arsed with the hours of looking.

If I am looking at top price for a bid I like to go in at spot plus a percentage. Tends to work well for me as If I win it's usually under that figure. 

Edited February 24, 2021 by Bigmarc

[CNDutch]

CND Junk (80%) is 17X face from local dealers. 20X on J@M.

[Bigmarc]

CND? J@M?  

 

[RacerCool]

On 24/02/2021 at 09:21, MrUpwardlyMobile said:

US Junk silver is supposed to be low premium. That’s not low premium. It’s a healthy amount above spot.

 

Also, that’s kind of a weird way to sell Junk silver. You usually go by multiples of face value, not claimed weight that is presumably based upon the weight at release from the mint, not current weight.

I don't usually see US junk silver priced as a multiple of face value. I just see it priced at whatever price they're asking. Then it's up to me to determine how much above spot it is, and therefore whether it's a reasonable deal or not.

These days anything less than 20% premium is a good deal.

[CNDutch]

Canadian Junk is being sold around 20X Face value (80% SVR). J&M is a distributor I thought was a bit more international.

Edited April 18, 2021 by CNDutch