Well silver hit $18.39 troy ounce today so the average old $10.00 strike at .60 silver is now worth about 11.00 in silver. Seems like running them on Ebay for 9.95 does not make a whole lot of sence. If you add the Ebay fees of about 1.50 you would lose on every sale. The strike would have to sell for 13.00 to keep you from melting them. If you buy them at face value you make $1.00 except there are costs to melt them. I have dealer friends who are now melting the strikes for the silver. I just tell them I can't buy them for over face value because we cannot get much over that in auctions.

So what do you do. I still think that silver strikes are a great fun hobby. Buying them for collections is fun and the silver just makes buying a strike more attractive. All silver has a premium over spot so if you like strikes you are buying both for the fun of collecting and the silver protects your investment. So have fun and the more that gets melted the rarer the strikes will be in the future.

Just my opinion from a guy who bought gold at 245.00 an ounce and silver at 4.65.

Have fun collecting Ted and Sharon SS171