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40% for 90% silver trade opinion

pennyholicpennyholic Posts: 153 ✭✭✭
in Precious Metals
Just want to hear some thoughts on if you would trade your 40% for 90% and at what price for each. I have a fair amount of 40% and have been offered 7.5, in trade for 90% at 20x. Is it even worth bothering to exchanging at this time, storage is not a problem.

Comments

  • aclocoacloco Posts: 952 ✭✭✭
    It has been my experience, that it is harder to convert 40% into cash or other at any time. 90% is easy.....all the way around.
    Successful BST transactions with: jp84, WaterSport, Stupid, tychojoe, Swampboy, dragon, Jkramer, savoyspecial, ajaan, tyedye, ProofCollection, Broadstruck x2, TwinTurbo, lordmarcovan, devious, bumanchu, AUandAG, Collectorcoins (2x), staircoins, messydesk, illini420, nolawyer (10x & counting), peaceman, bruggs, agentjim007, ElmerFusterpuck, WinLoseWin, RR, WaterSports, KeyLargRareCoins, LindeDad, Flatwoods, cucamongacoin, grote15, UtahCoin, NewParadigm, smokincoin, sawyerjosh x3
  • tneigtneig Posts: 1,505 ✭✭✭
    I'd trade it out whenever its a good enough deal for you. Either partially or over time. Any 40% I have is only because I came across a good deal.

    Will be dumping my small amt of 40% it as soon as silver goes up, as I pre-bought it already in .999 at todays price.

    If you already have %90, why not go to .999 base Silver or ASE's or Gold?
    COA
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    90% is a bit pricier because it is easily recognized and accepted as bullion.

    40% can be sold at good prices, but mostly only in quantity. Plus you have to check EVERY coin in the damn bag.

  • nam812nam812 Posts: 10,578 ✭✭✭✭✭


    << <i>.....I have a fair amount of 40% and have been offered 7.5................. >>



    Does that mean the person willing to trade with you will give you $7.50 trade value for every $1.00 of 40% you have?

    If so......

    For every $100 face value of 40% you trade, you will lose 2.5 ounces of silver, or approx. $70 based on recent silver spot.


    $100 face value 40% (29.6 ounces) = $750 in trade value

    $750 "buys" you $37.50 in 90% (27.1 ounces)

    Edited to fix some math
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