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<p>[QUOTE=&quot;Joe2007, post: 2523181, member: 1262&quot;]Precious metals have really been acting strangely over the past 6 months likely due to all of the economic uncertainty. There is perhaps some collusion/market manipulation going on at times in the paper markets. The premiums on physical silver are normally fairly modest but earlier this year they went through the roof. All the local coin dealers I know were having to pay substantially over the spot price of the metal to be able to have inventory in stock.</p><p><br /></p><p>For example if spot price was $18 per ounce of junk silver (90% coinage) they were having to pay $20 and then would resell at $22. This normally doesn&#039;t happen and many times they buy slightly back of spot and then sell either at spot or slightly over spot depending on the quality of the coins in the junk silver bin. I recently got a small amount of junk silver at the silver content (melt value).</p><p><br /></p><p>Unfortunately my state, Ohio, now has sales tax on coins and bullion again after repealing it for several years.</p><p><br /></p><p>Anyone interested in coins and silver; I highly recommend Daniel Malone&#039;s videos on YouTube. His channel name is CoinHELPu.[/QUOTE]</p><p><br /></p>

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