26-2-25 Silver Sale Prices

My numismatist friend (former PCGS Grader) called this morning and he asked what I was doing with my sales money and how much.

He raked me over the coals for putting my sales income in the bank and not immediately buying replacement gold or silver immediately on a daily basis.

His Portland and Seattle retail coin shops and the big bullion dealers are placing refill orders daily to lock sales prices on each order. They cannot buy Morgan, Peace or constitutional silver except from customers trying to liquidate or trade for gold.

Otherwise they get so short on weekly orders that they can’t afford the daily and hourly increased spot and premiums.

He said my double Silver spot prices are much too low because the current silver prices are starting to skyrocket again to $500 this year and $1,000 or more before the end of 2027.

Dealers that are selling to low are facing bankruptcy as prices go up and they cannot restock because of inflated spot prices. They tried to buy from him and he turned them down.

He suggested as a minimum: Double the high silver spot price of the last 3 months (2x$120) for my EF (extremely fine) ($240) Peace Silver Dollars.

And triple for MS (Mint State Uncirculated) ungraded Peace coins ($360).

EF Morgan silver dollars should be priced 25% higher (double or tripple for MS Uncirculated the high silver spot price + 25%) than Peace silver dollars.

He believes my AU (almost uncirculated) coins are not AU, but rather uncirculated light strikes from the coin presses; he said examine the reeded edges carefully; dirt in the grooves and round edges is circulation wear.

Clean groves and sharp edges are probably bag wear from emptying, counting, refilling and restacking.

Coin bag damage is different than pocket wear against other coins.

My double Silver spot prices are too low and dealers will find ways to purchase all 25,000 of my coins and I would have nothing as silver starts climbing to $500 ~ $1,000 per ounce.

He said antique silver dollars are selling at premium prices and expected to skyrocket above regular modern Walking Liberty Silver Eagles.

He believes that they will command 25% premium prices above $500 to $1,000 silver spot prices when it stabilizes in 2 years.

He said savvy investors will buy at those prices because my coins are premies (premium) and nowhere near the junk silver coins that are selling out immediately at dealers and mine will increase in value much faster than lower coin grades.

The investors that say prices are too high are the ones that always miss the boat as commodities make huge leaps.

During the next two years, silver, gold and copper will skyrocket 1,000%.

Stocks are depleted or depleting and are at a 5 year low and will completely delete by April 1st.

Patrick Salt Lake City Utah