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war nickels as bullion
konsole
Posts: 795 ✭✭✭
Maybe the silver prices are going to skyrocket sometime soon, maybe not. Now I know that well-circulated 35% silver war nickels may not be the best investment due to the extra costs of refinement, but isn't the only thing that matters is how much you buy them for compared to how much you sell them for? If I bought a roll of these coins for $15 and sold them for $30 after the price of silver has gone up, does it matter that the total silver value in that roll of coins is twice what I sold them for? Sure I sold them for much less then their silver value but I also bought them for much less then their silver value. It's like buying a brand new BMW for $10,000 and then selling it for $20,000, sure its worth more then 20k when I sold it but it was also worth more then 10k when I bought it.
Bought it cheap, sold it cheap, but due to increase in silver price I have made a nice little profit.
Their historic significance and being the only nickel containing silver couldn't hurt their bullion value either.
Bought it cheap, sold it cheap, but due to increase in silver price I have made a nice little profit.
Their historic significance and being the only nickel containing silver couldn't hurt their bullion value either.
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Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
The same thing goes for the 40% half dollars. A few years ago when silver was cheaper I saw someone selling some 90% and 40% silver to a dealer and he gave a reasonable price for the 90% but offered 60 cents for the 40% half dollars and gave the story about refining costs cancelling some silver value. (probably BS since they keep them as 40% bags) If you get them cheap enough and silver shoots off the charts someday but the refining discount stays constant (and you got that discounted when you bought them) it seems like they could be a bargain.
Knowledge is the enemy of fear