Investor in silver needs some help

acan451

Hi I am a small investor in silver, both oz coins and junk silver.
I have been buying a lot of 40% Kennedy's for a wile now, and the average price I paid was around 3.65 each.
I wold like to know if this was a good investment, as I am also new to investing.

I just thought that I got such a good price on my Kennedy's,
and the most I have paid for a one ounce silver Eagle is around $36.00.
That I made the correct move.

I realize It is to late aether way, but it never hurts to ask people who much more than I do.
Thanks so much for your advice
Alan

taxmad

Since melt is $6.40 each I would say you did just fine...

That being said you will take a beating when you sell them. I would try to exchange them for rounds if the premium isn't too bad or maybe 90%...

Bochiman

Get 40% at a strong discount or for face value, and that is fine.
However, as mentioned, you will get hit hard on it when you go to sell it, so I don't think it is really worth it.

If you are going to "invest", stay with 90% or 1oz bulllion pieces, imho.

acan451

Hi
I don't understand why my 40% would get hit hard?
Sorry if I sound not with it, I really do not understand.
Thanks again
Alan

Patches

<< <i>Hi
I don't understand why my 40% would get hit hard?
Sorry if I sound not with it, I really do not understand.
Thanks again
Alan >>



Generally, the 'market' just doesn't like it

Hayden

Right now, I can get as many 40% halves as I want for about $6 each. No one likes them, they have no numismatic value and are more expensive to store, transport, and refine than 90%.

DrBuster

My local guy buys 40% jfks for $3 fyi. He pays that as he can't sell them.

carew4me

Silver Eagles:YES

40%: NO

I saw a dealer shoot down a guy who had 500 of them, the dealer told him he would much rather spend the same money on %90 or pure.

mdkuom

The dealer around here is currently paying $5.50 for 40% halves