A few days ago, one of the World's Largest Coin/Bullion Dealers, APMEX, had over a thousand “cull” American Silver Eagle Dollars, for sale. They were the lowest priced, ASE, they had for sale, (at a $13USD) premium. Usually, in the numismatic/coin collector world, a cull, is a Coin, so bad, it has to be separated from the herd. Worst, then poor condition. Like sick. In the ASE world, if it's not Brilliant Uncirculated, it's, well, a cull. Scratch & Dent, etc… Anyway, today, APMEX sold all their cull ASEs. Thousands. At a Premium of $20 vs 13, the buyer's savings could have been over $7,000.
Less than a year ago, I paid a $2 premium vs a $5 premium, for a BU, for this Cull. Why? I like to use it, as an example, of the value, of its Silver content value. No matter what it looks like, it still has value. Unless it is radio-active.
This is not intended to be any kind of financial advice. This is all about a fun hobby, of collecting, stacking & sharing Silver Coins, Treasures, and such. Thanks again for checking it out, on #silvergoldstackers, where Stackers show & share their treasures, thought & ideas.