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With silver prices so high

BochimanBochiman Posts: 25,556 ✭✭✭✭✭
in U.S. Coin Forum
are you raiding your albums for the "common", or low grade, silver coins (Roosies/Washingtons/Franklins/Kennedys/etc)?

I've thought about it...particular on well worn, low grade, common coins.....haven't yet, but gotta admit, it is tempting...

I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

Comments

  • razzlerazzle Posts: 993 ✭✭✭
    These prices force me to rethink everything about the stuff I've kept all these years. It's exciting on one hand, a little scary on another. Even if one has been only interested in the aesthetics of the hobby, one is now forced into the position of speculator whether willing or not.
    Markets (governments) can remain irrational longer than an investor can remain solvent.
  • djdilliodondjdilliodon Posts: 1,938 ✭✭
    So funny you mention that cause I did exactly that today lol. I sold off all my silver that I felt was worthless numismatic wise. Tomorrow my fiances grand father wants me to sell/ shop around a silver ware set he has that he purchased many years ago. Its a really nice set made in italy and boy is there alot of silver! My guess, at least 250+ ounces of .925!
  • OnTheHuntOnTheHunt Posts: 202 ✭✭✭
    Without so much as a second thought. Every time it passes another $5.00 mark, I go back through and do it again. I prefer selling when everyone talks about how high someting is, rather than vice-versa. To be fair, it's all been common stuff.

    Steve
  • Billet7Billet7 Posts: 4,923 ✭✭✭
    I've mostly sold my common stuff at this point, the last two to go were two silver eagles when the price was $40 a pop.
  • GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭


    << <i>I've thought about it...particular on well worn, low grade, common coins.....haven't yet, but gotta admit, it is tempting... >>



    I started out with that thought but when I looked at the stuff I went a step further. Pulled out a few keepers and everything else went.


    Ed
  • melvin289melvin289 Posts: 3,019 ✭
    I just can't bear to part with it.

    Ron
    Collect for the love of the hobby, the beauty of the coins, and enjoy the ride.
  • PCcoinsPCcoins Posts: 3,354 ✭✭✭


    << <i>I just can't bear to part with it.

    Ron >>




    +1... The spot price keeps rising, so I'm still waiting for the "Right time " to sell..
    "It is what it is."
  • PinkFloydPinkFloyd Posts: 1,762 ✭
    Starting to eye that roll of mixed 40%/90% Kennedys I got from the bank eight years ago...
    Successful transactions with keepdachange, tizofthe, adriana, wondercoin
  • melvin289melvin289 Posts: 3,019 ✭


    << <i>

    << <i>I just can't bear to part with it.

    Ron >>




    +1... The spot price keeps rising, so I'm still waiting for the "Right time " to sell.. >>




    I didn't sell in '82'or'83 or whatever year the Hunt Brothers drove silver sky high. But I was young then and I can always change my mind.
    I'm not young anymore.

    Ron
    Collect for the love of the hobby, the beauty of the coins, and enjoy the ride.
  • PCcoinsPCcoins Posts: 3,354 ✭✭✭
    Its approaching the Hunt value now!
    "It is what it is."
  • DennisHDennisH Posts: 14,011 ✭✭✭✭✭
    Yes.
    My album set of Walkers is not long for this world.
    When in doubt, don't.
  • melvin289melvin289 Posts: 3,019 ✭
    Dennis, you mean you could melt these? It took me 50 years to put this set together. I have gotten the 4 missing coins since I took these pictures.

    Ron


    image

    image

    image

    image

    image

    image
    Collect for the love of the hobby, the beauty of the coins, and enjoy the ride.
  • Wolf359Wolf359 Posts: 7,663 ✭✭✭
    May be better off selling on eBay. Coins are going over spot prices, which says 2 things:

    1) People want coins, not bars. Why? Fear of a collapse?

    2) Silver is going higher.
    Multi-channel listings of coins and inventory management

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  • PerryHallPerryHall Posts: 46,885 ✭✭✭✭✭


    << <i>Its approaching the Hunt value now! >>



    Using inflation adjusted prices, it's no way near those prices.

    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

  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭


    << <i>Its approaching the Hunt value now! >>




    << <i>Using inflation adjusted prices, it's no way near those prices. >>

    Exactly!

  • laserartlaserart Posts: 2,255 ✭
    So let's say you sell. Then what will you do with the money? Spend it? Now you no longer have the silver and no longer have the money.
    "If I had a nickel for every nickel I ever had, I'd have all my nickels back".
  • ResRes Posts: 1,086


    << <i>So let's say you sell. Then what will you do with the money? Spend it? Now you no longer have the silver and no longer have the money. >>



    I agree. Unless you need to pay the rent, keep the silver.
  • PerryHallPerryHall Posts: 46,885 ✭✭✭✭✭


    << <i>So let's say you sell. Then what will you do with the money? Spend it? Now you no longer have the silver and no longer have the money. >>



    Agree. Why sell unless you need the money for a worthwhile purpose such paying down debt, home improvements, medical bills, 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

  • Bankerbob56Bankerbob56 Posts: 1,399 ✭✭✭

    Which would you rather have PM or fiat currency? With our national debt in the Trillions of $'s, and going higher, I'll keep my guns and PM!image
    What we've got here is failure to communicate.....

    Successful BST xactions w/PCcoins, Drunner, Manofcoins, Rampage, docg, Poppee, RobKool, and MichealDixon.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Yep... I would hold on to it... unless you need it for something important - or - another coin image Cheers, RickO
  • questor54questor54 Posts: 1,351 ✭


    << <i>Yep... I would hold on to it... unless you need it for something important - or - another coin image Cheers, RickO >>



    Good point! Always nice to have a balance between PM and numismatic coins.
  • fishteethfishteeth Posts: 2,264 ✭✭✭✭✭
    I have been selling a portion every week. I turn the money into nice collector coins that I always have wanted. I may end up loosing money, but I have recently added a few coins I never thought
    I would own. Much more enjoyable to me than a pile of bullion.
  • laserartlaserart Posts: 2,255 ✭
    If you sold 40% silver, would it be wise to then turn it into 90% or SAE's? Or would it not make a difference?
    "If I had a nickel for every nickel I ever had, I'd have all my nickels back".
  • dbcoindbcoin Posts: 2,200 ✭✭


    << <i>So let's say you sell. Then what will you do with the money? Spend it? Now you no longer have the silver and no longer have the money. >>



    Put it in good dividend paying stocks and make money on your money
  • chaze215chaze215 Posts: 1,310


    << <i>

    << <i>So let's say you sell. Then what will you do with the money? Spend it? Now you no longer have the silver and no longer have the money. >>



    Put it in good dividend paying stocks and make money on your money >>



    Thats what I did @ the end of February...MRK (good company with high dividend).
    Chaz

    Proud recipient of Y.S. Award on 07/26/08.
  • nccoinnccoin Posts: 606
    what is the rate for common 90%? 27-30X face value?
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    CLCT is looking good.
    PCGS stock.
  • stockergreenstockergreen Posts: 483 ✭✭
    I'm holding.I believe silver is going much higher!
  • DesertDwellerDesertDweller Posts: 75
    If you believe the politicians are going to fix the U.S. economy and increase the value of the dollar, dump your common silver now. Think I will hold on to every silver coin I have until I see where this country is headed.
    “Honesty is the first chapter in the book of wisdom.” Thomas Jefferson
  • questor54questor54 Posts: 1,351 ✭


    << <i>

    << <i>So let's say you sell. Then what will you do with the money? Spend it? Now you no longer have the silver and no longer have the money. >>



    Put it in good dividend paying stocks and make money on your money >>



    Yeah, because the stock market is so safe. Especially for those who buy and hold. (Of course, you have to ignore the whole last 'lost decade').

    PMs are about preservation of capital, not income.
  • DBSTrader2DBSTrader2 Posts: 3,498 ✭✭✭✭
    Desert Dweller: POLITICIANS... FIX THINGS???!! THAT'LL be the day!!image Looks like we'd all better hold onto our silver, then!image

    Personally, my collection is so small that it's not going to make much of a difference to my bottom line if I were to sell all my silver, although I must admit I'm not used to seeing common melt Roosies going for $3 a pop and over......image But the whole point of my collecting from the start has been to fill blue Whitman folders with coins I could hopefully collect from circulation (at the time), thru trades, or an occasional purchase. Once part of my collection, unless a catastrophe hits, they're there to stay!

    HOWEVER, this run-up HAS given me the opportunity to sell some excess 40% JFK's to one of those motel buyers at a nice price to raise some cash, as well as just sell a lot of misc. Darkside silver to another Forum member as well - - using the proceeds of both to fund purchases of Morgan & Peace $'s to fill holes in my folders. I had neglected doing so for what seems like forever! The last time I bought a few silver do;;ars to fill holes, it was about 10 years ago and at closer to $14 a pop! In addition, I have been fortunate these past few weeks to have been able to swap some extra Peace/Morgans for additional dates I need, and the same with a few Franklins for Walkers. More dates have become available as "melt" rises.

    So, while I may have ended up losing a SMALL amount of money as a result of all my swap/upgrade/buy activity, overall I've managed to take the opportunity to add approx. 2 dozen silver dollars to fill holes while remaining essentially "revenue-neutral" in the process. Given that money is tight right now while I look for a new job, I think I've done about as well as I can expect. image

    Of course, I now have no more extra PM coins available to trade.......


    - - Daveimage



    P.S. Dennis: You gonna sell ALL your walkers at "melt"?!imageimage I'm in!!image
  • ZriderZrider Posts: 365
    I will sell some at 104..
  • HotfootspinHotfootspin Posts: 430 ✭✭
    Yesterday I sold 2 folders of 1946-1964 dimes that I put together as a kid. All well circulated
    and crusty. Over $300 for the pair.

    Mark
    The Secret Of Success Law:
    Discover all unpredictable errors before they occur.
  • DBSTrader2DBSTrader2 Posts: 3,498 ✭✭✭✭
    What I never quite understood is what I call "well-circulated and crusty" others call "toned" and get big bucks for!! I never could figure that out......image

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