Shopping Cart
Your Cart is Empty
Quantity:
Subtotal
Taxes
Shipping
Total
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

ATMEX 

                       ATMEX CONSULTING TEAM 

What is going on with SILVER

At Atmex we will keep you uproot date on all metals.

Investors are buying silver in vast quantities – in whatever form they can get it. Smaller silver bugs are buying it a few ounces at a time from scarce retail inventories. Whales are accumulating millions of ounces via the silver ETFs or by standing for delivery of COMEX futures contracts. Unless the bullion banks and other shorts can finally engineer a price smash, they may have to stop selling paper and start buying a lot of physical. If the short sellers are naked, i.e. not hedged with long positions elsewhere, a genuine short squeeze driving prices higher could commence. Over the past several trading days, the silver market has simply been resilient. Prices haven’t risen. More importantly, they haven’t fallen much either. Long investors continue to buy as the paper sellers dump massive amounts of unbacked silver contracts on the market. We’ll know by the end of this week, when the March futures contract goes off the board, how many of those contracts are held for delivery of actual bars. It is expected to be a record number – perhaps 2-3 times the average. See below
If the number of contracts held is 30,000, the demand would, in theory, completely wipe out the entire stockpile of registered bars in the COMEX vault system. That almost certainly won’t be allowed to happen. The contracts provide the option of cash settlement in the event physical silver is not available in adequate quantities. Widespread cash settlement would at least put the lie to the notion that a futures contract is a proxy for the actual metal. In a sense, that would be good thing. The COMEX has been a tool for manipulating prices, creating price volatility, and discouraging ownership of the physical metal since gold and silver futures trading started at the exchange during the 1970s. The number of “Registered” bars has been in decline in recent months and that trend is accelerating. The stockpile dropped by 5.5 million ounces last week. COMEX bar inventories are being accessed by nervous speculators who want the actual bars and by mints and refiners who are scooping up metal to convert into retail-sized coins, bars, and rounds. The situation doesn’t appear to be any better in the larger London physical markets. Ronan Manly of BullionStar recently estimated there are only about 150 million ounces of silver not locked up by ETFs in London vaults. Much of that remainder may be owned by investors who will not be willing to sell unless prices go higher. David Jensen, who watches the London markets carefully, noted that silver lease rates are spiking. Silver Lease Rates The spike in lease rates last week is much larger than the jump seen nearly a year ago when a shortage drove thousand-ounce bar premiums higher. Bullion banks, and other shorts, lost hundreds of millions of dollars trying to get hold of bars with which to meet delivery requests. Silver leases are a mechanism shorts can use to essentially borrow bars today for the purpose of making good on delivery requests. Usually this is possible without much cost. In fact, bar owners typically defray some of the cost by paying a small fee to lessees. This is because the lessee takes on the cost of storage and insurance. That is one reason why the chart above shows lease rates as negative most of the time. Leasing silver may be an option for bankers and other shorts, but it carries substantial risk in times like these. They are required to return the bars at the end of the lease term. Unhedged shorts will get crushed when/if they have to buy the needed silver at much higher prices. Silver prices have not done much since the surge past $30/oz was reversed on February 1st. Those just looking at the price might assume the effort to squeeze short sellers has failed. However, based on developments behind the scenes, it appears the squeeze may be just getting started. Share

Now is the time to invest in silver,CALL NOW

                                         

PCGS 1885 O MS66+ CAC Sticker Rainbow

This 1885-O is certified PCGS 66+ with a CAC sticker however the most important part of this BEAUTIFUL coin is the outstanding Rainbow toning-it is breathtaking, looks even better in person,extremely vibrant, lustrous and not wait on this one!!crispy.Do 

1885-O Morgan Silver Dollar MS66+
$995.00
Numismatic Information Hoard coins: Following the closing of the New Orleans Mint, quantities of 1885O dollars were shipped to the Treasury Building in Washington, D.C. and the Philadelphia Mint for long-term storage. From the Washington vault, 1885-O dollars were paid out beginning by the early 1930s, and in multiple-bag quantities in 1938, 1953, 1954, and 1957. In October 1962, continuing into early 1963, vast quantities, probably amounting to millions of coins, were released from storage at the Philadelphia Mint. The 1883-O, 1884-O, and 1885-O constitute the bulk of approximately 10 million coins released from a long-sealed vault in the Philadelphia Mint, beginning in October 1962 and continuing through much of 1963. My estimate is that the breakdown of these three dates is about as follows: 1883-O: 1.5 to 2.5 million coins; 1884-O: 2.5 to four million coins; and 1885-O: two to 3.5 million coins. These are, of course, in addition to bags released before 1962. While many went into the hands of investors, hoarders, and collectors, others-possibly amounting to millions of pieces totally-went into circulation. Many of these were melted in the 1970s during the run-up in silver bullion prices. Many Uncirculated 1885-O dollars were in the Continental-Illinois Bank hoard. Circulated grades: The 1885-O dollar is very common in Worn grades and attracts scant numismatic notice, due to the easy availability of Mint State coins. Mint State grades: The 1885-O is the most common of all New Orleans Mint silver dollars in Uncirculated grade and among certified coins from this mint is the most common issue at levels from MS-63 through MS-65. It is believed that 2.5 to 3.5 million exist at the MS-60 to 62 level, a staggering quantity. In MS-63 grade, the estimated population is 800,000 to 1,300,000, followed by 400,000 to 600,000 in MS-64, and 100,000 to 175,000 MS-65 or better coins. The strike of 1885-O dollars is average. Examples are seen weakly defined at the centers, while others are sharply struck. Certain flatly-struck coins have what Wayne Miller called a "belly button" or a recessed or dimpled area in the lowest portion of the eagle's breast, due to metal not filling the deepest portion of the die. Cherrypicking is easy to do for this issue and is advised. Prooflike coins: Semi-prooflike 1885-O dollars are very common, although the contrast is usually low between the fields and the devices. As such, they are not necessarily objects of beauty. This is especially the case when they are in low grades and have many bagmarks. Full, PL pieces are common, and probably 15,000 or more remain. Often, prooflike coins are somewhat flatly struck. DMPL are about as populous as PLs. About 10% to 15% are MS-65 or better.

We also carry a wide Variety of David Yurman Jewelry that we will have featured as well for buying ,selling and trading at your leisure.The watches we carry are only of Investment quality that last a lifetime.

ATMEX CONSULTING​

Leading industry experts with a wealth of experience, we’ve held senior positions at the largest retail precious metal investment firms in the U.S. We eliminate multiple layers of executive and shareholder compensation and work directly with you to secure the most competitive pricing on gold and silver.

1879 Flowing Hair PF63 $4 Gold Stella

 Two obverse designs were produced, the Flowing Hair type by Charles E. Barber (who was chief engraver of the Mint at the time) and the Coiled Hair type by George T. Morgan (he of 1878 silver dollar fame). On the reverse, instead of IN GOD WE TRUST, the motto appears as DEO EST GLORIA, or "God is Glorious." Mintages of the various issues are not known with certainty, but the Guide Book estimates 425 for the 1879 Flowing Hair, the issue most often encountered, just 10 for the 1879 Coiled Hair, 15 for the 1880 Flowing Hair, and 10 for the 1880 Coiled Hair. Actual mintages were probably slightly higher than those figures.

$4 Gold Stella
$NaN