oklaunion said:TTUArmy said:oklaunion said:
Coin dealers at the Bryan gun show yesterday said they expect silver to hit 60 by the end of the year and triple digits by sometime in 2026. The smelter(s) in Houston are only buying .999% to avoid refining. Huge backlog.
I have a small stack, maybe a thousand in face value, of constitutional 90% and some 40%. It kinda makes me sick to my stomach to hear smelters are backlogged. When dealers can't unload their 90% at a reasonable OTC price, they sell it to smelters. All of that history hitting the flames and being erased.
Ugh...
Someone in the future will write a sequel to The Big Silver Melt (1983) after this blows over. A local coin dealer told me Saturday he is selling 90% at face and, if they are a good customer, somewhat below. Another in a nearby town said many aren't buying 90% at all due to being out of cash.
I made my regular DCA in .999 last week. APMEX had a nice deal going on 40% "proof" Ike dollars so I picked up 20 to throw in the stack. They were actually cheaper than BU and average circulation. I'm one of those weirdos that still loves the big coins; Morgans, Peace, and Ikes. The elderly folks in my neighborhood used to pay me in clad Ikes and Kennedys for mowing their lawn. A bit of nostalgia around those coins...for me.
