Outlook for Silver.
Cougar1978
Posts: 9,499 ✭✭✭✭✭
Will silver bump up again?
When silver bumped up awhile back many in coin club including me made a killing (well over 2x cost) on SBC whether raw or slabbed. We had been collecting / stock piling these (many slabbed 69 and70) 18 mo or so when silver very cheap. For many this was an affordable investment vs stuff in the k$ range. Investors focused on USA, Mexico, and Great Britain material all 1oz coins mainly. Most were slabbed. These nice collectible coins too. One guy up to the late hours packaging his shipments. Saying been in the biz decades “super sales in the green never something like this.”
Many shocked the uptick retreated quickly. As an investor I am researching the mkt fundamentals….which could have caused the drop.
Investor
1
Comments
Again, wrong forum. This is the one for precious metals discussions, such as the “outlook for silver”: https://forums.collectors.com/categories/precious-metals
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I'm thinking the uptick isn't over ..... it's taking a hit today, however I see a strong rebound !
As an investor I don’t discriminate against a numismatic or investment class. Especially considering how many non bv classes seem dead in the water. Many bullion coins have numismatic value in addition to their BV, especially Mexico Libertads. Others US coins. Ted is stacking CAG ASE.
As far as Classic US I have been disappointed in the performance of Morgan $ vs the above. I have to believe their .72 BV part of that issue. I am wkg on an Oregon Trail 50c and Texas set 50c as a fun project.
Who was the "Unknown" user above? 🤔
Yesterdays peak will be tomorrow norms question is how many years. 50$ used to be a celling and now it looks like the foundation under the floor
11.5$ Southern Dollars, The little “Big Easy” set
I clicked on it. It's your ghost.
We need a forum for complaints about the other forums
All comments reflect the opinion of the author, even when irrefutably accurate.
Maybe I'll go over to the Precious Metals Forum and post about non-precious metals things.
Add “coins” to the title.
Just make sure you're wearing your tin foil hat so you fit in.
chopmarkedtradedollars.com
I'ts impossible to keep everyone happy on this forum ....... I really don't understand it !
Gold was around $ 80 an ounce in the mid 1970's.
Do we assume,in 50 years, that silver will be where gold is at now, around $ 5000 an ounce ?
I guess only time will tell.
So these guys walk into the shop and start laying all this stuff out on my counter. And I say “this is a coin shop, not a comic shop.” Most of the customers are there for silver or gold. Hardly any numismatic activity, lately.
It is what it is.
``https://ebay.us/m/KxolR5
Arguments, too.
Shanghai Metals market is closed for 8 days for New Years Holiday.
Comex paper silver delivery end February is next big event.
Comex are over subscribed almost 4 to 1 paper contracts coming due versus their silver on hand to fill those promises.
Bad time to sell in USA, possibly great time to buy with silver heading downward.
I bought an Apollo 5oz in this downturn, always wanted one, though not rare like 68k minted at Philly in 2019.
Shanghai inhand silver has been $10 over USA paper silver last few weeks.
And make sure you are mean to the other posters. That forum is toxic most of the time.
All comments reflect the opinion of the author, even when irrefutably accurate.
You've got more money on top of the case than in the case!!
All comments reflect the opinion of the author, even when irrefutably accurate.
$80 in the S&P 500 (dividend reinvested) in 1975 would be $26,500 today. So, sure, why not?
All comments reflect the opinion of the author, even when irrefutably accurate.
The best explanation for your disappointment is your lack of interest in coins as collectibles. Your posting history makes this plainly evident.
As for "dead in the water", this isn't surprising. Most buyers aren't speculators buying coins as "investments". It's a hobby where coins don't provide any utility to virtually anyone else. Sufficient variety that they actually want to buy has to remain affordable to a large enough proportion of the collector base to maintain long-term interest. This is only one reason why I have disagreed with future price inferences for world coinage, including yours.
Otherwise, you're going to replicate the 1989 US TPG bubble or the much smaller bubble which burst in South Africa around 2012. That was financially motivated "widget" buying, not collecting.
Too bad that clip doesn't include where he wanted to make a complaint, hitting on the head lessons and the joke squad. It was all one skit.
Throw a coin enough times, and suppose one day it lands on its edge.
And agitate the three members who are over there?
RGDS!
Wow. Those are reasonably good condition issues of The Amazing Spider-Man. They really ought to put them much higher quality bags than what they're using which, from the cloudiness, looks like polyethylene. Each of those books is worth thousands or maybe tens of thousands of dollars.
THKS!!
Just in case anyone needs a translation:
RGDS = Real Guys Desire Silver
THKS = They Hail King Silver
RGDS - Real Gutter Derangement Syndrome
RGDS - Rare Genetic Disorders
Shanghai is now shuttered for 8 days for Happy New Years !
If metals drop in these 8 days I am not selling anything out of fear.
End of February and end of March are key for COMEX paper contracts converted to physical deliveries.
If silver drops significantly more,
I have some specific items I hope to score at spot or less than spot like local coin shop is buying at.
RGDS = Regurgitated God-Damned $hit.
Angry old man? THKS!
I don't know why you or your club were shocked. That happens all the time in markets especially for thinly-traded, volatile markets like silver.
What caused the drop is simple: prices ran too far too fast. You can't triple in under a year and then go up 50% in a few weeks.
Closer to $120 - $200 an ounce.
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I can't deny that the "old man" part is true.
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OK then let's stop messing around and do this in gutter we trust token already. Neither of us are getting any younger and personally I don't want to commission any of your competitors. RGDS!
Creepy
COPPER is gutter !
Here's what copilot says, we need to tweak it quite a bit but its a start. I'd also like the ATH $120 denomination on there. Not sure how to go about this in terms of dollars.. I don't want the feds going all von NotHaus on you.
Obverse — “IN GUTTER WE TRUST”
A 1‑oz .999 ̶s̶i̶l̶v̶e̶r̶ gutter round, 39 mm across, with a bright, cold metallic sheen.
The rim is raised and polished, catching light like a mirror.
Around the top arc, the words IN GUTTER appear in bold, classic coin lettering. Around the bottom arc, WE TRUST balances the composition. At 3 and 9 o’clock, tiny gutter‑grate symbols act as separators.
Inside the border, the center device dominates:
A street gutter grate, perfectly centered, fills a 26 mm circle. The grate bars are raised, polished, and slightly beveled. The recessed background behind the bars is darkened and matte, giving the grate real depth. A single fallen leaf rests diagonally across two bars—small, subtle, and lightly polished. The contrast between the bright silver bars and the shadowed recesses makes the grate look almost three‑dimensional.
The whole obverse has the gritty, urban feel of real street metal—but executed in pure ̶s̶i̶l̶v̶e̶r̶ gutter.
THKS!
I wish Dan would call his bluff. I have my doubts if Blitzen would actually follow through. Where I come from we have a term for people like him: all hat, no cattle.
Philippians 4:4-7
what's the symbol for comic book spot?
they all see to be such high and uniform quality that i wonder if they are counterfeits
the tops of the comin books stick up above the box they are in