coin shop report 26 sept 11

[Plastic]

South Bend, Indiana.


Went to the shop today to save my piddly little 140 frns, heres the gist.

Paid 22.5 X face for 90% and he only had 7 dimes left after I grabbed 62 of them.

Almost everyone is buying, very, very few sellers.

Thursday he had 500 silver rounds which was sold out by Saturday afternoon, currently has NO silver bullion in stock and only a literal handful of 90% remains for sale.

His supply of gold fractionals is completely gone as well, but he did still have a few circulated gold coins for a fairly steep commission which is unusual for him as normally he sells his circulated gold for near melt.

He has no idea when he will be getting new stock in, and most of his fellow dealers online have also been hit hard (sold out of silver).



Hope this helps.

[1970 silver art]

South Bend, Indiana.


Went to the shop today to save my piddly little 140 frns, heres the gist.

Paid 22.5 X face for 90% and he only had 7 dimes left after I grabbed 62 of them.

Almost everyone is buying, very, very few sellers.

Thursday he had 500 silver rounds which was sold out by Saturday afternoon, currently has NO silver bullion in stock and only a literal handful of 90% remains for sale.

His supply of gold fractionals is completely gone as well, but he did still have a few circulated gold coins for a fairly steep commission which is unusual for him as normally he sells his circulated gold for near melt.

He has no idea when he will be getting new stock in, and most of his fellow dealers online have also been hit hard (sold out of silver).



Hope this helps.

The main dealer in my area that I usually go to was cleaned out of their .999 generic silver on Friday afternoon according to what they told me. That is not very surprising to me since silver went down as far as it did last week.