Silver coin convenience?
I know pre 1964 silver coins are 90% silver. How do coin shops figure out how much to put up for sale it for at $100.00 face advantage at $15.00 per ounce.Answers: They go by what it is selling for on the open market, and you will probably get lower than open market value..I will give an account you to check a couple of shops..When we sold some, one shop gave us a better price, and the other shop matched it
because silver coins are collectibles I collect them
it depends on the condition of the coin proof is flawless mirror finish high detail no wear to impressively worn all detail on coin gine due to circulation and wear buy a blacks book for coin values to see where on earth yours classifies as
Coin shops :
- sell collectible order pre-1965 silvers and 1965-69 40% silver halves according to book or slightly less, but not bullion.
- deal in all 1970 silver halves according to book due to lack of the date.
- sell low order or junk pre-1965 silvers at bullion plus.
- buy pre-1965 silvers at 8x frontage.
- calculates silver price of a coin by multiplying the actual silver counterweight of a coin in ounce next to the silver spot per ounce. For example, a pre-1965 90% silver quarter has a silver bullion helpfulness of $15 * 0.18 oz (approx) = $2.70.
$1 worth of pre 1964 silver coins contains .7236 troy ounces of silver. $100 face contains 72.36 ounces of silver x $15/ounce = $1085.40. Dealers typically buy at 10-15% below spot and typically are paying $800 -$900 for $100 facade at the present time. Some pay smaller quantity because they fear that the price will drop because it have risen so quickly lately. They don't want to get stuck "holding the bag".
What times does the asx amenable and close?
asx australian stock marketAnswers: 10.00 AM to 4.00 PM Sydney time
http://www.asx.com.au/investor/education...
I enjoy a sound out give or take a few buying and selling shares of corportation.?
I know that you can buy shares from a corporation because they offer them. But who do you deal in your shares to when you want to sell them? Do you provide them to other investors? or does the company automatically buy them back up when you click the trade button?Answers: You don't, with special exceptions, buy stock shares directly from the company. You buy them on the open bazaar through a broker. Same thing when you provide them.
Brokers match buyers up near sellers. Once the company issues the stock, they don't matter with it at adjectives. It is bought and sold on the open flea market.
Newjerseyguy has THE right answer!
VTY,
Ron Berdue
Yes, specifically my real closing name!
The single time you buy stock from a company is when they do an "Initial Public Offering" or IPO. During this one transaction, an underwriting broker buys adjectives the shares at the declared IPO price and then now turns around and sells them to whoever wishes them. This one time the company is selling the stock and they recieve the money. All other stock sales are simply between 3rd participant investors, with a broker transacting the do business.