Physical Silver question

When silver is in backwardation selling is tough because the refiners can't hedge so they stop buying and everything cascades.

Wait until CNBC and morons like that excite the normies and lines start forming at the coin shops. Then sell.

I’ve been on record as recommending Causeway Coin in Metairie, I’m sure it’s a madhouse and they can’t pay a premium for accepting the risk due to the backlog for melting. If you can wait, I’d also recommend that as well.

I’ve been casually collecting US 90% silver coins since the mid ‘80s.

My basis on some of it is $5.00/ounce silver.

I collect coins and have done evaluations for estates.

If I was comfortable with offering to purchase collections, I have at times to save folks the hassle of going and finding someone they could trust.

I always paid at least spot for the silver & gold so they wouldn’t feel cheated. The collector coins were more subjective, I’ve never cheated or taken advantage of anyone but I assumed risk trusting my own grading and so I paid less than retail for them.

Now there are so many counterfeit coins from Asia (mostly China) that I’d be hesitant to mess with any coins or collections that I didn’t know the folks personally.

My historical honesty is being rewarded now by tenfold or more as to the silver runup.

Hard to believe that a pre-‘64 dime has $5.00 worth of silver in it.

I sold some to the same shop early last week and got $1 less than spot too. If spot was less volatile, sell price on eagles are normally higher than spot. When spot was $26 a year ago, eagles were $33ish.

Still holding much more but I’m retired and needed to fund a project. Spot was $63 when I sold. I think I started the run lol