The financial news media now seems to have conflated the silver market these past two weeks with GameStop ( GME) and other popular retail stocks promoted by traders on the now famous Reddit forum "WallStreetBets." Media Misconceptions About Reddit and Silverįirst of all, out of respect to the actual WallStreetBets Reddit traders, I feel the need to clear up the media misconception that "Reddit was pushing up the silver price." To put it plain and simple, this was literally never true: Not last week, not over the weekend, not in the Monday, Feb. The media narrative this week is that the silver price ( SLV) ( PSLV) had a retail rally peaking on Monday, and then the bubble burst. Looking for a portfolio of ideas like this one? Members of Stock & Gold Market Report get exclusive access to our model portfolio.Investors and traders should keep these actual physical silver coin prices in mind as you consider the true value of silver in the market today. A spot price below $30/ounce can be very misleading when the actual physical silver prices are $10/ounce or even $15/ounce above the financial market spot price.A review of leading online silver coin dealers also shows that the actual price of physical silver is at least $37/ounce and often higher, up to almost $43/ounce.About silver: An objective review of the price chart shows that the silver price trend remains quite healthy and bullish even after the short spike up and down.First, clearing up media misconceptions about Reddit and silver last week and this week.The media narrative this week is that the silver price had a retail rally peaking on Monday, and then the bubble burst.In addition to the silver coin values we list for each coin, you will notice that we have silver bullion prices that are updated on a constant basis – perfect for silver investors who need to know the spot prices of their junk silver coins, American silver eagle coins, and similar pieces. These pieces are more commonly traded as bullion coins than numismatic “collector” coins. By the way, damaged, common-date silver coins are usually categorized as junk silver coins, and are more appreciated by investors looking for cheap silver coins. Certainly, damaged coins are worth less than problem-free silver coins, and will cost less to buy than a piece with nothing more than honest wear. These values assume a coin in a certain grade and are for coins without any signs of damage, such as cleanings, heavy gouges, or other detractions. The silver coin values you will find here on our site are largely based on the retail value you might pay to buy silver coins from a coin dealer. Consider, for a moment, the Standing Liberty quarter, Walking Liberty half dollar, and Morgan silver dollar – just three of the many beautiful coin series that the United States Mint has struck over the years. Some of the most beautiful and time-honored U.S. But that doesn’t mean silver coins are not worthy of collecting. This makes it easier for coin collectors to know roughly what their silver coins are worth than is the case for gold coins, which usually experience more significant gains and losses in terms of absolute dollar values.īecause of their lower prices, silver coins are more widely collected than gold coins by numismatists and investors. Silver coin values are always changing, though thanks to its lower overall bullion value (as compared to gold), the daily changes in silver values are generally only noticed by coin collectors, investors, and coin dealers during large bullion or junk silver transactions. Silver Coin Melt Value Calculator Spot Silver:
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