Anyone buying silver? Pulled the trigger at 18x face
DNADave
Posts: 7,271 ✭✭✭✭✭
Would I rather have 650 cash in the bank or a pile of 90%? I’ll take the silver 
14
Comments
Nice variety!!
Positive BST as a seller: Namvet69, Lordmarcovan, Bigjpst, Soldi, mustanggt, CoinHoader, moursund, SufinxHi, al410, JWP
Ya dun did good, me thinks
It's all about what the people want...
I'd be all over 18x for morgans/peace.
Not bad at all... The silver dollars at that price were a bargain for sure.
Click on this link to see my ebay listings.
I'd take the silver as well
Nice pile of silver. I stick to ASE's and the occasional round.... Though I do have sets of Kennedy and Franklin halves. Cheers, RickO
Stacking , piling, hoarding, .... however one calls it, it's a savings plan.
I agree with that and have proven it over the years with my purchases, which are mostly paycheck to paycheck under $100 but with one or two larger buys a year. I’m comfortable with spending 500-1000 when I see a deal.
Tomorrow I’ll have to put up or shut up as my seller now has 239.00 face of 90%. That came out as a result of my purchase above and I’m going to do it too for 18x face. Hopefully will have some metal pics tomorrow!
Just spent about $620 on 20oz of random silver bars/coins/rounds. Hoping I can get something neat in the mix I can sell and something I can keep.
Successful transactions with: AnonMan, Commoncents05, JJM, PerryHall, Danielp, greenwr, Along, Herb_T, Downtown1974, masscrew, coinnerd, liefgold, JWP, Relaxn, Pnies20, Weiss, Type2, dm679864, pointfivezero, and more!
Came out to about $223 face. Not a bad morning
nice
Well done.
And a couple of silver dollars to top it off.
Check for varieties 😄
Me likely👌
Not happy about getting these SilverTowne bars. Though I would get something neat.
Successful transactions with: AnonMan, Commoncents05, JJM, PerryHall, Danielp, greenwr, Along, Herb_T, Downtown1974, masscrew, coinnerd, liefgold, JWP, Relaxn, Pnies20, Weiss, Type2, dm679864, pointfivezero, and more!
Nice purchase! I also believe that it was very timely.
I knew it would happen.
Well dang thats not what I would really call random.
Maybe you could let them know that you consider random to be rarely ever seen items?
My local place doesn't have any interesting items either.
I haven't been in the store for awhile.
The owner still comments about me liking the odd stuff so he knows what I'm searching for.
Some of the problem is people are spending more money and buying bigger lots as soon as he gets something in, it's not in his favor to make the effort to hold back what I like.
I often wonder if it would be beneficial to leave a few $100 Bill's as ernest money on the counter and see what comes in?
Problem with that is it's got to be on the books some place or people forget.
Guess thats what you get when you buy from fleabay. It was through the Scottsdale Mint. Yeah all the collectable stuff is hard to get or get at a good price. People on here occasionally sell some neat bars.
Successful transactions with: AnonMan, Commoncents05, JJM, PerryHall, Danielp, greenwr, Along, Herb_T, Downtown1974, masscrew, coinnerd, liefgold, JWP, Relaxn, Pnies20, Weiss, Type2, dm679864, pointfivezero, and more!
I usually assume 'random' in a seller description actually means 'sellers choice', aka whatever is convenient for the seller. Oh well, it is good 20 oz of metal.
Random is almost always one of the most common dates. If you buy a random Saint double eagle it's usually a 1908NM or 1924. If you buy a random Liberty double eagle it'll usually be a 1904, If you but a random Indian gold eagle you'll usually get a 1926 or 1932. Etc.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Silver not looking to good. Buyers still need to wait for the dust to settle, before jumping in. "Yesterday's great deal, is today's bummer."
Picked this up yesterday.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Silver not looking to good. Buyers still need to wait for the dust to settle, before jumping in. "Yesterday's great deal, is today's bummer."
Buying on the uptrend isn't a bad idea if the price has already had plenty of time to consolidate, which it already has had.
It does take some conviction to buy silver when it's not looking too good, but that's the best time to buy it.
Buy silver when it's had time to consolidate but while it's still not looking too good - the best of both worlds.
You're welcome!
I knew it would happen.
Silver has been "consolidating" for over a year. It's stuck in a narrow 10-15% trading range. I'll wait for the so called consolidation is done with. For the PM gamblers, if you like to gamble, there are better opportunities available.
To the OP. Your stack is now worth 17 x melt. Only a slight loss , so far, in 1 month.
I think my local wholesaler is still paying 18x after drop. Usually he is a bit back, but as of late a bit stronger. It doesnt sell in the store, in fact tuesday night at our local club auction, there was a small bag of 90% at 15x face, and nobody was intrested, so I grabbed it.
It's me trade mate .... despite the prices or the weird ass world around us.
I pitched a credit card at a lot of peace dollars for 17.57 x face (shipped)
Nearly under spot today.
Figured I'd get 2% cash back on the deal and that would put them under spot.
I figured I could sell half of them at the next coin meeting in January @ 20x face.
Wow, that lot sold for $910&$10 shipping.
Looks like the going rate for circulated peace dollars is $26ea.