Sounds like we're all in the same boat so here's my take,
For me, when it come to stacking silver, I prefer vintage old pour bars. Walkers would be my second choice and here is why.
They're beautiful first off, not only when they are BU but in all stages of circulation. Just love the design and subject matter as well as the size and heft to the piece? Perfect pirate treasure chest material. Sure Franklins have more meat usually but they come dull in the 90% and sure I like them as much as a BU Kennedy's..... Values seem to keep up with circulation as the cool factor of a Barber half makes up for it being slick and the mint fresh Kennedy are bland but weigh the most, so there's that, but the Walker is in the sweet spot of being both (1935-47). I can't imagine stacking those gaudy silver rounds with the horrible buffalo nickel Indian effigy.
I started buying gold in say 1999. Oz were going for 350-425. Was doable for me at the time, was 27 but had a decent job. Just wanted one and caught the bug. Goal is to stash a bit each year until I'm 65 then use it to buy a retirement toy hauler or something. Skipping the pack of cigs and red bull and buying silver, seems simple smart. Really just using running money you'd be surprised at what can add up. But let's face it, I don't walk around with 1200-1800 gold kind of money. That's where Walkers come in.
My B&M has a box with my name on it. I go in on average once a week, so if I pass on an item they can get it in the showroom. I'm not looking for Walkers, I'm looking for copper, medals, local mining ephemera, cool coins in general. Once in a while something great comes in that's the point. Most of the time it's nothing special and I buy anywhere from 5-20 Walkers. They throw in a tube knowing I'll have to fill it now! It's my way of making my curtesy purchase, and it's fun to add it to the pile. Heck, one year I brought in a friend to the shop and the they started doing so many deals the owner gave me their buy price for a year! I didn't back up the truck, but did buy a little more than usual, I can't remember the last time I payed full pop for even small amounts. Think 90% is boring? Get a bigger pile and it starts to get exciting. And all in all, I'm adding to my metals goals without any noticeable deduction to the checkbook like popping for a gold Buffalo would.
So I'm going for 1000 face now, not sure if I'll stop when I reach that. I seed the stash with circ Barbers, Bookers, Washington or Stone Mtn commemoratives etc.
As far as an investment? Im banking that 20 years from now my 5-7 dollar Walkers will be worth more. If life throws a wrench I'll have an ace, if not then pure enjoyment. One friend said he felt bad he sold all his silver when he had his heart attach. I said, Dude, that's what this is for! I just haven't had mine yet! I'm of the opinion that nothing pays better than not paying interest. I've refied my house three times as rates dropped, same with other properties. I wouldn't hold a grand in silver when a refi costs 1200 and would save a guy 20k in interest. I declare to my coworkers, like an all star wrestler, there's one thing I hate more than paying interest and that's banking penalties! I just don't do it. I'm all about the 15 year mortgage. And yes, all the conventional investments get fully funded as well as ALL taxes and insurance policies. This is a pet side project.
So what the heck, maybe I'm a dope, it's a habit now, one I hope bears fruit. To the OP, you already have a great start, I guess what to do is the prerogative of the owner and what the entire picture looks like.
Do you just have an urge t o buy/sell something? You did not say why you posted the question.
Was it just to consider options? Personally, I would hold the Walkers.... no matter what other option you try, it will result in an initial loss....Then an expenditure....so, unless you just want to change your collection, and profit is not important, then consider some of the sell/buy suggestions above. Otherwise, hold, and continue collecting. Cheers, RickO
I am considering my options. I have no immediate need for cash. Trying to learn from guys with many years more experience than I in the realm of precious metals investing. If there had been a group heavily stating bullion is better than these WLH's I would be looking into making the switch. There seems to be a pretty even number of guys saying hold them, sell with intent to buy a single or few higher numismatic coin or switching to bullion would be a mistake due to buy/sell premiums.
I see two routes at this point. Sit on em. Or sell and hope I get my hands on the June 30th Platinum coin the US mint is releasing this year with an eye on flipping it.
Sounds like we're all in the same boat so here's my take,
For me, when it come to stacking silver, I prefer vintage old pour bars. Walkers would be my second choice and here is why.
They're beautiful first off, not only when they are BU but in all stages of circulation. Just love the design and subject matter as well as the size and heft to the piece? Perfect pirate treasure chest material. Sure Franklins have more meat usually but they come dull in the 90% and sure I like them as much as a BU Kennedy's..... Values seem to keep up with circulation as the cool factor of a Barber half makes up for it being slick and the mint fresh Kennedy are bland but weigh the most, so there's that, but the Walker is in the sweet spot of being both (1935-47). I can't imagine stacking those gaudy silver rounds with the horrible buffalo nickel Indian effigy.
I started buying gold in say 1999. Oz were going for 350-425. Was doable for me at the time, was 27 but had a decent job. Just wanted one and caught the bug. Goal is to stash a bit each year until I'm 65 then use it to buy a retirement toy hauler or something. Skipping the pack of cigs and red bull and buying silver, seems simple smart. Really just using running money you'd be surprised at what can add up. But let's face it, I don't walk around with 1200-1800 gold kind of money. That's where Walkers come in.
My B&M has a box with my name on it. I go in on average once a week, so if I pass on an item they can get it in the showroom. I'm not looking for Walkers, I'm looking for copper, medals, local mining ephemera, cool coins in general. Once in a while something great comes in that's the point. Most of the time it's nothing special and I buy anywhere from 5-20 Walkers. They throw in a tube knowing I'll have to fill it now! It's my way of making my curtesy purchase, and it's fun to add it to the pile. Heck, one year I brought in a friend to the shop and the they started doing so many deals the owner gave me their buy price for a year! I didn't back up the truck, but did buy a little more than usual, I can't remember the last time I payed full pop for even small amounts. Think 90% is boring? Get a bigger pile and it starts to get exciting. And all in all, I'm adding to my metals goals without any noticeable deduction to the checkbook like popping for a gold Buffalo would.
So I'm going for 1000 face now, not sure if I'll stop when I reach that. I seed the stash with circ Barbers, Bookers, Washington or Stone Mtn commemoratives etc.
As far as an investment? Im banking that 20 years from now my 5-7 dollar Walkers will be worth more. If life throws a wrench I'll have an ace, if not then pure enjoyment. One friend said he felt bad he sold all his silver when he had his heart attach. I said, Dude, that's what this is for! I just haven't had mine yet! I'm of the opinion that nothing pays better than not paying interest. I've refied my house three times as rates dropped, same with other properties. I wouldn't hold a grand in silver when a refi costs 1200 and would save a guy 20k in interest. I declare to my coworkers, like an all star wrestler, there's one thing I hate more than paying interest and that's banking penalties! I just don't do it. I'm all about the 15 year mortgage. And yes, all the conventional investments get fully funded as well as ALL taxes and insurance policies. This is a pet side project.
So what the heck, maybe I'm a dope, it's a habit now, one I hope bears fruit. To the OP, you already have a great start, I guess what to do is the prerogative of the owner and what the entire picture looks like.
THIS is exactly why I wanted open opinions. Thought processes clearly stated and essentially how I am looking at my savings. At 26 I am close to 900 WLH and 1300 troy ounces of OPM rounds and bars. "Junk" silver was a dive for me when I started buying them. The 160 in question arent in amazing shape but they are far from slicks. Space in the safe is growing tight. An opportunity to "slim down" was in the back of my mind. Figured heck, talk to a crowd of experience and get some realistic information back pertaining to metals investment. I was worried I made a mistake buying WLH's instead of bullion.
I have to congratulate you for your interest in investing and saving at age 26. You have the time to build yourself a nice retirement fund.
If you have access to a 401k plan at your work, make sure you are putting away enough to get the full benefit of your employers match if they offer one.If not, open a Traditional IRA account.Open a ROTH IRADiversify your investments.Get in the habit of paying yourself first by funding your retirement accounts every month.
Walkers and Franklins are the best 90% because every one is 90%, nobody has to know dates of metallic composition change.
In terms of trading expenses, you are already at bedrock with your Walkers.
Swap the Walkers for something numismatic, and you are in another game, (it's a better date, undergraded, should be sent to CAC, etc) and probably down 20% if you go to sell your numismatic purchase the next day.
Walkers are too much bulk? Pick out the best 50. Take the remaining 110 to a coin show or B&M shop, and try to swap for PCGS or NGC AU55-58 $10 Lib. Then you will have both gold and silver.
Personally, I'd just hold the Walkers. They have much more beauty and character than alternative bullion, not to mention the transaction costs!
As for specific investment advice and market predictions, pardon me but my crystal ball is a bit hazy at the moment ;-)
Might want to fund a Roth IRA and or a work sponsored 401K with a broad index fund to the fullest of your capabilities- even if modest, dollar cost averaging on a monthly basis. When the market tanks and you're feeling sick to your stomach and everyone around you is whining and selling, don't cave and sell! Instead, double up your buying (if you can afford to).
You WILL be handsomely rewarded over time with this approach.
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
BV on these coins is $15.97 silver spot x .3617 asw = 5.78 each. BV for all 160 this = $924.80. BV of a roll of 20 is $115.60
A WLH circ roll recently went for $158.99. This was a nice circulated roll of WLH dates 1942-43. They brought $7.95 each or about $2 above melt. You can check Ebay to see what these sold for under the advanced search function
Just estimating $150 a roll x your 8 rolls = $1200 less ebay and paypal fees. This $1200 could buy some nice bullion gold coins - PCGS 69. Or some nice 19th Century slabbed World Gold Coins.
I would put the ones I was going to blow out on the bay in rolls of 20, with good photos of both obv and rev, and start them at melt or maybe slightly below.
Coin Shops and others will try to confuse you they pay x times face. Well what is this in relation to BV? I base any offers or bids on silver coins on BV. So first you have to calculate BV to really evaluate the offer or what the item is going for currently in the auction. These circulated WLH are nice collector coins collectors of average means can afford (the real coin market) and I would group ones to offer as singles in my store vs rolls to either retail or blow out in auction.
I usually pick off some G-04 to G-06 sometime VG08 every morning at Breakfast from my IPhone - Barber Halves at around $10, just $4 over melt, and these are nice collector coins! CW Trends (Market Value) starts around $20 on these. The PCGS photo grade is super for grading circulated coins.......
I opened up my first 401k @ age 19 - was working for Google at the time. Currently I work in petrochemicals and have been blessed with a great 401k offered by my employer.
Coins were a special interest of mine growing up but it never took hold as a true hobby. Finding a coin at a flee market was the extent of my search. As I began having the means to feed coin collecting our economy was in the throws of a major upset leading the the sharp rises of precious metals. I started putting 10% of my paychecks into silver In the beginning of 2010 and essentially stopped buying when it hit $25+ per oz. Figured like all things, it will come back down. I just missed a great opportunity to begin buying by a few years.
By mid 2013 Silver was back into the mid twenties and I started buying it up. Early this year was great for me. Currently aiming to stuck up on bullion til it hits low 20's an ounce.
That's where my dive into coins and numismatic investing brings me here. Frankly I came to see coin collecting as any other collectors market. When our economy is struggling guys end up selling a beautiful piece for %70 of its worth simply because the number of potential buyers has been restricted. To a degree the same goes for bullion but it looked easier to maintain a bullion portfolio. Without delving in myself... I could be way of base.
So.. my forte into numismatic investing begins this year. Fingers crossed!
BV on these coins is $15.97 silver spot x .3617 asw = 5.78 each. BV for all 160 this = $924.80. BV of a roll of 20 is $115.60
A WLH circ roll recently went for $158.99. This was a nice circulated roll of WLH dates 1942-43. They brought $7.95 each or about $2 above melt. You can check Ebay to see what these sold for under the advanced search function
Just estimating $150 a roll x your 8 rolls = $1200 less ebay and paypal fees. This $1200 could buy some nice bullion gold coins - PCGS 69. Or some nice 19th Century slabbed World Gold Coins.
I would put the ones I was going to blow out on the bay in rolls of 20, with good photos of both obv and rev, and start them at melt or maybe slightly below.
Coin Shops and others will try to confuse you they pay x times face. Well what is this in relation to BV? I base any offers or bids on silver coins on BV. So first you have to calculate BV to really evaluate the offer or what the item is going for currently in the auction. These circulated WLH are nice collector coins collectors of average means can afford (the real coin market) and I would group ones to offer as singles in my store vs rolls to either retail or blow out in auction.
I usually pick off some G-04 to G-06 sometime VG08 every morning at Breakfast from my IPhone - Barber Halves at around $10, just $4 over melt, and these are nice collector coins! CW Trends (Market Value) starts around $20 on these. The PCGS photo grade is super for grading circulated coins.......
BV in your example is 11.56 x face. So what is the premium for 90% these days?
Where can I buy 160 walkers for $950? or even $1,000? I'll take them!
+1
160 Walkers, as long as they're not culls or slicks, should net you $1,100 if you list them for sale on the B/S/T forum.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Originally posted by: WildIdea Sounds like we're all in the same boat so here's my take,
For me, when it come to stacking silver, I prefer vintage old pour bars. Walkers would be my second choice and here is why.
They're beautiful first off, not only when they are BU but in all stages of circulation. Just love the design and subject matter as well as the size and heft to the piece? Perfect pirate treasure chest material. Sure Franklins have more meat usually but they come dull in the 90% and sure I like them as much as a BU Kennedy's..... Values seem to keep up with circulation as the cool factor of a Barber half makes up for it being slick and the mint fresh Kennedy are bland but weigh the most, so there's that, but the Walker is in the sweet spot of being both (1935-47). I can't imagine stacking those gaudy silver rounds with the horrible buffalo nickel Indian effigy.
I started buying gold in say 1999. Oz were going for 350-425. Was doable for me at the time, was 27 but had a decent job. Just wanted one and caught the bug. Goal is to stash a bit each year until I'm 65 then use it to buy a retirement toy hauler or something. Skipping the pack of cigs and red bull and buying silver, seems simple smart. Really just using running money you'd be surprised at what can add up. But let's face it, I don't walk around with 1200-1800 gold kind of money. That's where Walkers come in.
My B&M has a box with my name on it. I go in on average once a week, so if I pass on an item they can get it in the showroom. I'm not looking for Walkers, I'm looking for copper, medals, local mining ephemera, cool coins in general. Once in a while something great comes in that's the point. Most of the time it's nothing special and I buy anywhere from 5-20 Walkers. They throw in a tube knowing I'll have to fill it now! It's my way of making my curtesy purchase, and it's fun to add it to the pile. Heck, one year I brought in a friend to the shop and the they started doing so many deals the owner gave me their buy price for a year! I didn't back up the truck, but did buy a little more than usual, I can't remember the last time I payed full pop for even small amounts. Think 90% is boring? Get a bigger pile and it starts to get exciting. And all in all, I'm adding to my metals goals without any noticeable deduction to the checkbook like popping for a gold Buffalo would.
So I'm going for 1000 face now, not sure if I'll stop when I reach that. I seed the stash with circ Barbers, Bookers, Washington or Stone Mtn commemoratives etc.
As far as an investment? Im banking that 20 years from now my 5-7 dollar Walkers will be worth more. If life throws a wrench I'll have an ace, if not then pure enjoyment. One friend said he felt bad he sold all his silver when he had his heart attach. I said, Dude, that's what this is for! I just haven't had mine yet! I'm of the opinion that nothing pays better than not paying interest. I've refied my house three times as rates dropped, same with other properties. I wouldn't hold a grand in silver when a refi costs 1200 and would save a guy 20k in interest. I declare to my coworkers, like an all star wrestler, there's one thing I hate more than paying interest and that's banking penalties! I just don't do it. I'm all about the 15 year mortgage. And yes, all the conventional investments get fully funded as well as ALL taxes and insurance policies. This is a pet side project.
So what the heck, maybe I'm a dope, it's a habit now, one I hope bears fruit. To the OP, you already have a great start, I guess what to do is the prerogative of the owner and what the entire picture looks like.
THIS is exactly why I wanted open opinions. Thought processes clearly stated and essentially how I am looking at my savings. At 26 I am close to 900 WLH and 1300 troy ounces of OPM rounds and bars. "Junk" silver was a dive for me when I started buying them. The 160 in question arent in amazing shape but they are far from slicks. Space in the safe is growing tight. An opportunity to "slim down" was in the back of my mind. Figured heck, talk to a crowd of experience and get some realistic information back pertaining to metals investment. I was worried I made a mistake buying WLH's instead of bullion.
Feeling a lot better now.
Sounds like you have a lot of silver based on your post. WLH's are super liquid so no need to worry about that. Great suggestions so far and I would consider trading them as well.
If it was me, I would trade for gold or a cool coin on my want list.
Sounds like we're all in the same boat so here's my take,
For me, when it come to stacking silver, I prefer vintage old pour bars. Walkers would be my second choice and here is why.
They're beautiful first off, not only when they are BU but in all stages of circulation. Just love the design and subject matter as well as the size and heft to the piece? Perfect pirate treasure chest material. Sure Franklins have more meat usually but they come dull in the 90% and sure I like them as much as a BU Kennedy's..... Values seem to keep up with circulation as the cool factor of a Barber half makes up for it being slick and the mint fresh Kennedy are bland but weigh the most, so there's that, but the Walker is in the sweet spot of being both (1935-47). I can't imagine stacking those gaudy silver rounds with the horrible buffalo nickel Indian effigy.
I started buying gold in say 1999. Oz were going for 350-425. Was doable for me at the time, was 27 but had a decent job. Just wanted one and caught the bug. Goal is to stash a bit each year until I'm 65 then use it to buy a retirement toy hauler or something. Skipping the pack of cigs and red bull and buying silver, seems simple smart. Really just using running money you'd be surprised at what can add up. But let's face it, I don't walk around with 1200-1800 gold kind of money. That's where Walkers come in.
My B&M has a box with my name on it. I go in on average once a week, so if I pass on an item they can get it in the showroom. I'm not looking for Walkers, I'm looking for copper, medals, local mining ephemera, cool coins in general. Once in a while something great comes in that's the point. Most of the time it's nothing special and I buy anywhere from 5-20 Walkers. They throw in a tube knowing I'll have to fill it now! It's my way of making my curtesy purchase, and it's fun to add it to the pile. Heck, one year I brought in a friend to the shop and the they started doing so many deals the owner gave me their buy price for a year! I didn't back up the truck, but did buy a little more than usual, I can't remember the last time I payed full pop for even small amounts. Think 90% is boring? Get a bigger pile and it starts to get exciting. And all in all, I'm adding to my metals goals without any noticeable deduction to the checkbook like popping for a gold Buffalo would.
So I'm going for 1000 face now, not sure if I'll stop when I reach that. I seed the stash with circ Barbers, Bookers, Washington or Stone Mtn commemoratives etc.
As far as an investment? Im banking that 20 years from now my 5-7 dollar Walkers will be worth more. If life throws a wrench I'll have an ace, if not then pure enjoyment. One friend said he felt bad he sold all his silver when he had his heart attach. I said, Dude, that's what this is for! I just haven't had mine yet! I'm of the opinion that nothing pays better than not paying interest. I've refied my house three times as rates dropped, same with other properties. I wouldn't hold a grand in silver when a refi costs 1200 and would save a guy 20k in interest. I declare to my coworkers, like an all star wrestler, there's one thing I hate more than paying interest and that's banking penalties! I just don't do it. I'm all about the 15 year mortgage. And yes, all the conventional investments get fully funded as well as ALL taxes and insurance policies. This is a pet side project.
So what the heck, maybe I'm a dope, it's a habit now, one I hope bears fruit. To the OP, you already have a great start, I guess what to do is the prerogative of the owner and what the entire picture looks like.
THIS is exactly why I wanted open opinions. Thought processes clearly stated and essentially how I am looking at my savings. At 26 I am close to 900 WLH and 1300 troy ounces of OPM rounds and bars. "Junk" silver was a dive for me when I started buying them. The 160 in question arent in amazing shape but they are far from slicks. Space in the safe is growing tight. An opportunity to "slim down" was in the back of my mind. Figured heck, talk to a crowd of experience and get some realistic information back pertaining to metals investment. I was worried I made a mistake buying WLH's instead of bullion.
Feeling a lot better now.
Sounds like you have a lot of silver based on your post. WLH's are super liquid so no need to worry about that. Great suggestions so far and I would consider trading them as well.
If it was me, I would trade for gold or a cool coin on my want list.
Thanks for your suggestion. I find a 1909 D $5 Indian Head at a local shop. He's asking $410. A straight trade for WLHs would lean too heavily in his favor. Thinking about selling and buying the Indian Head. Wasn't sure $410 is a great price for the coin. It has excellent details but it hasnt been slabbed and I am a little worried it's been cleaned. It's extremely shiny... Not sure how else to put it.
Comments
For me, when it come to stacking silver, I prefer vintage old pour bars. Walkers would be my second choice and here is why.
They're beautiful first off, not only when they are BU but in all stages of circulation. Just love the design and subject matter as well as the size and heft to the piece? Perfect pirate treasure chest material. Sure Franklins have more meat usually but they come dull in the 90% and sure I like them as much as a BU Kennedy's..... Values seem to keep up with circulation as the cool factor of a Barber half makes up for it being slick and the mint fresh Kennedy are bland but weigh the most, so there's that, but the Walker is in the sweet spot of being both (1935-47). I can't imagine stacking those gaudy silver rounds with the horrible buffalo nickel Indian effigy.
I started buying gold in say 1999. Oz were going for 350-425. Was doable for me at the time, was 27 but had a decent job. Just wanted one and caught the bug. Goal is to stash a bit each year until I'm 65 then use it to buy a retirement toy hauler or something. Skipping the pack of cigs and red bull and buying silver, seems simple smart. Really just using running money you'd be surprised at what can add up. But let's face it, I don't walk around with 1200-1800 gold kind of money. That's where Walkers come in.
My B&M has a box with my name on it. I go in on average once a week, so if I pass on an item they can get it in the showroom. I'm not looking for Walkers, I'm looking for copper, medals, local mining ephemera, cool coins in general. Once in a while something great comes in that's the point. Most of the time it's nothing special and I buy anywhere from 5-20 Walkers. They throw in a tube knowing I'll have to fill it now! It's my way of making my curtesy purchase, and it's fun to add it to the pile. Heck, one year I brought in a friend to the shop and the they started doing so many deals the owner gave me their buy price for a year! I didn't back up the truck, but did buy a little more than usual, I can't remember the last time I payed full pop for even small amounts. Think 90% is boring? Get a bigger pile and it starts to get exciting. And all in all, I'm adding to my metals goals without any noticeable deduction to the checkbook like popping for a gold Buffalo would.
So I'm going for 1000 face now, not sure if I'll stop when I reach that. I seed the stash with circ Barbers, Bookers, Washington or Stone Mtn commemoratives etc.
As far as an investment? Im banking that 20 years from now my 5-7 dollar Walkers will be worth more. If life throws a wrench I'll have an ace, if not then pure enjoyment. One friend said he felt bad he sold all his silver when he had his heart attach. I said, Dude, that's what this is for! I just haven't had mine yet! I'm of the opinion that nothing pays better than not paying interest. I've refied my house three times as rates dropped, same with other properties. I wouldn't hold a grand in silver when a refi costs 1200 and would save a guy 20k in interest. I declare to my coworkers, like an all star wrestler, there's one thing I hate more than paying interest and that's banking penalties! I just don't do it. I'm all about the 15 year mortgage. And yes, all the conventional investments get fully funded as well as ALL taxes and insurance policies. This is a pet side project.
So what the heck, maybe I'm a dope, it's a habit now, one I hope bears fruit. To the OP, you already have a great start, I guess what to do is the prerogative of the owner and what the entire picture looks like.
Me, I'd sell 7 of the 8 rolls (keep the best 20 coins) and buy a draped bust quarter or half dollar.
Liberty: Parent of Science & Industry
Do you just have an urge t o buy/sell something? You did not say why you posted the question.
Was it just to consider options? Personally, I would hold the Walkers.... no matter what other option you try, it will result in an initial loss....Then an expenditure....so, unless you just want to change your collection, and profit is not important, then consider some of the sell/buy suggestions above. Otherwise, hold, and continue collecting. Cheers, RickO
I am considering my options. I have no immediate need for cash. Trying to learn from guys with many years more experience than I in the realm of precious metals investing. If there had been a group heavily stating bullion is better than these WLH's I would be looking into making the switch. There seems to be a pretty even number of guys saying hold them, sell with intent to buy a single or few higher numismatic coin or switching to bullion would be a mistake due to buy/sell premiums.
I see two routes at this point. Sit on em. Or sell and hope I get my hands on the June 30th Platinum coin the US mint is releasing this year with an eye on flipping it.
Sounds like we're all in the same boat so here's my take,
For me, when it come to stacking silver, I prefer vintage old pour bars. Walkers would be my second choice and here is why.
They're beautiful first off, not only when they are BU but in all stages of circulation. Just love the design and subject matter as well as the size and heft to the piece? Perfect pirate treasure chest material. Sure Franklins have more meat usually but they come dull in the 90% and sure I like them as much as a BU Kennedy's..... Values seem to keep up with circulation as the cool factor of a Barber half makes up for it being slick and the mint fresh Kennedy are bland but weigh the most, so there's that, but the Walker is in the sweet spot of being both (1935-47). I can't imagine stacking those gaudy silver rounds with the horrible buffalo nickel Indian effigy.
I started buying gold in say 1999. Oz were going for 350-425. Was doable for me at the time, was 27 but had a decent job. Just wanted one and caught the bug. Goal is to stash a bit each year until I'm 65 then use it to buy a retirement toy hauler or something. Skipping the pack of cigs and red bull and buying silver, seems simple smart. Really just using running money you'd be surprised at what can add up. But let's face it, I don't walk around with 1200-1800 gold kind of money. That's where Walkers come in.
My B&M has a box with my name on it. I go in on average once a week, so if I pass on an item they can get it in the showroom. I'm not looking for Walkers, I'm looking for copper, medals, local mining ephemera, cool coins in general. Once in a while something great comes in that's the point. Most of the time it's nothing special and I buy anywhere from 5-20 Walkers. They throw in a tube knowing I'll have to fill it now! It's my way of making my curtesy purchase, and it's fun to add it to the pile. Heck, one year I brought in a friend to the shop and the they started doing so many deals the owner gave me their buy price for a year! I didn't back up the truck, but did buy a little more than usual, I can't remember the last time I payed full pop for even small amounts. Think 90% is boring? Get a bigger pile and it starts to get exciting. And all in all, I'm adding to my metals goals without any noticeable deduction to the checkbook like popping for a gold Buffalo would.
So I'm going for 1000 face now, not sure if I'll stop when I reach that. I seed the stash with circ Barbers, Bookers, Washington or Stone Mtn commemoratives etc.
As far as an investment? Im banking that 20 years from now my 5-7 dollar Walkers will be worth more. If life throws a wrench I'll have an ace, if not then pure enjoyment. One friend said he felt bad he sold all his silver when he had his heart attach. I said, Dude, that's what this is for! I just haven't had mine yet! I'm of the opinion that nothing pays better than not paying interest. I've refied my house three times as rates dropped, same with other properties. I wouldn't hold a grand in silver when a refi costs 1200 and would save a guy 20k in interest. I declare to my coworkers, like an all star wrestler, there's one thing I hate more than paying interest and that's banking penalties! I just don't do it. I'm all about the 15 year mortgage. And yes, all the conventional investments get fully funded as well as ALL taxes and insurance policies. This is a pet side project.
So what the heck, maybe I'm a dope, it's a habit now, one I hope bears fruit. To the OP, you already have a great start, I guess what to do is the prerogative of the owner and what the entire picture looks like.
THIS is exactly why I wanted open opinions. Thought processes clearly stated and essentially how I am looking at my savings. At 26 I am close to 900 WLH and 1300 troy ounces of OPM rounds and bars. "Junk" silver was a dive for me when I started buying them. The 160 in question arent in amazing shape but they are far from slicks. Space in the safe is growing tight. An opportunity to "slim down" was in the back of my mind. Figured heck, talk to a crowd of experience and get some realistic information back pertaining to metals investment. I was worried I made a mistake buying WLH's instead of bullion.
Feeling a lot better now.
I do have physical PM's in the event of a zombie apocalypse...
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
If you have access to a 401k plan at your work, make sure you are putting away enough to get the full benefit of your employers match if they offer one.If not, open a Traditional IRA account.Open a ROTH IRADiversify your investments.Get in the habit of paying yourself first by funding your retirement accounts every month.
Walkers and Franklins are the best 90% because every one
is 90%, nobody has to know dates of metallic composition change.
In terms of trading expenses, you are already at bedrock with your Walkers.
Swap the Walkers for something numismatic, and you are in another game,
(it's a better date, undergraded, should be sent to CAC, etc)
and probably down 20% if you go to sell your numismatic purchase the next day.
Walkers are too much bulk? Pick out the best 50. Take the remaining 110 to a coin show
or B&M shop, and try to swap for PCGS or NGC AU55-58 $10 Lib.
Then you will have both gold and silver.
Personally, I'd just hold the Walkers. They have much more beauty and character than alternative bullion, not to mention the transaction costs!
As for specific investment advice and market predictions, pardon me but my crystal ball is a bit hazy at the moment ;-)
Might want to fund a Roth IRA and or a work sponsored 401K with a broad index fund to the fullest of your capabilities- even if modest, dollar cost averaging on a monthly basis. When the market tanks and you're feeling sick to your stomach and everyone around you is whining and selling, don't cave and sell! Instead, double up your buying (if you can afford to).
You WILL be handsomely rewarded over time with this approach.
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
I have to congratulate you for your interest in investing and saving at age 26.
Diversify your investments.
I agree. If you don't already have one, $900 is more than enough to get a Loyal3 or Robinhood account going.
I have to congratulate you for your interest in investing and saving at age 26.
Diversify your investments.
I agree. If you don't already have one, $900 is more than enough to get a Loyal3 or Robinhood account going.
At 13 x face $80 should get you $1040.
Personally, I'd just hold the Walkers. They have much more beauty and character than alternative bullion, not to mention the transaction costs!
Transaction costs? Put em up on Craigslist and demand payment in circulated $10 bills. A lot less likely to get counterfeit bills that way.
A WLH circ roll recently went for $158.99. This was a nice circulated roll of WLH dates 1942-43. They brought $7.95 each or about $2 above melt. You can check Ebay to see what these sold for under the advanced search function
Just estimating $150 a roll x your 8 rolls = $1200 less ebay and paypal fees. This $1200 could buy some nice bullion gold coins - PCGS 69. Or some nice 19th Century slabbed World Gold Coins.
I would put the ones I was going to blow out on the bay in rolls of 20, with good photos of both obv and rev, and start them at melt or maybe slightly below.
Coin Shops and others will try to confuse you they pay x times face. Well what is this in relation to BV? I base any offers or bids on silver coins on BV. So first you have to calculate BV to really evaluate the offer or what the item is going for currently in the auction. These circulated WLH are nice collector coins collectors of average means can afford (the real coin market) and I would group ones to offer as singles in my store vs rolls to either retail or blow out in auction.
I usually pick off some G-04 to G-06 sometime VG08 every morning at Breakfast from my IPhone - Barber Halves at around $10, just $4 over melt, and these are nice collector coins! CW Trends (Market Value) starts around $20 on these. The PCGS photo grade is super for grading circulated coins.......
Coins were a special interest of mine growing up but it never took hold as a true hobby. Finding a coin at a flee market was the extent of my search. As I began having the means to feed coin collecting our economy was in the throws of a major upset leading the the sharp rises of precious metals. I started putting 10% of my paychecks into silver In the beginning of 2010 and essentially stopped buying when it hit $25+ per oz. Figured like all things, it will come back down. I just missed a great opportunity to begin buying by a few years.
By mid 2013 Silver was back into the mid twenties and I started buying it up. Early this year was great for me. Currently aiming to stuck up on bullion til it hits low 20's an ounce.
That's where my dive into coins and numismatic investing brings me here. Frankly I came to see coin collecting as any other collectors market. When our economy is struggling guys end up selling a beautiful piece for %70 of its worth simply because the number of potential buyers has been restricted. To a degree the same goes for bullion but it looked easier to maintain a bullion portfolio. Without delving in myself... I could be way of base.
So.. my forte into numismatic investing begins this year. Fingers crossed!
BV on these coins is $15.97 silver spot x .3617 asw = 5.78 each. BV for all 160 this = $924.80. BV of a roll of 20 is $115.60
A WLH circ roll recently went for $158.99. This was a nice circulated roll of WLH dates 1942-43. They brought $7.95 each or about $2 above melt. You can check Ebay to see what these sold for under the advanced search function
Just estimating $150 a roll x your 8 rolls = $1200 less ebay and paypal fees. This $1200 could buy some nice bullion gold coins - PCGS 69. Or some nice 19th Century slabbed World Gold Coins.
I would put the ones I was going to blow out on the bay in rolls of 20, with good photos of both obv and rev, and start them at melt or maybe slightly below.
Coin Shops and others will try to confuse you they pay x times face. Well what is this in relation to BV? I base any offers or bids on silver coins on BV. So first you have to calculate BV to really evaluate the offer or what the item is going for currently in the auction. These circulated WLH are nice collector coins collectors of average means can afford (the real coin market) and I would group ones to offer as singles in my store vs rolls to either retail or blow out in auction.
I usually pick off some G-04 to G-06 sometime VG08 every morning at Breakfast from my IPhone - Barber Halves at around $10, just $4 over melt, and these are nice collector coins! CW Trends (Market Value) starts around $20 on these. The PCGS photo grade is super for grading circulated coins.......
BV in your example is 11.56 x face. So what is the premium for 90% these days?
Where can I buy 160 walkers for $950? or even $1,000? I'll take them!
+1
160 Walkers, as long as they're not culls or slicks, should net you $1,100 if you list them for sale on the B/S/T forum.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Would I be an idiot buying a $5 1909 D Indian Head @ $410?
Sounds like we're all in the same boat so here's my take,
For me, when it come to stacking silver, I prefer vintage old pour bars. Walkers would be my second choice and here is why.
They're beautiful first off, not only when they are BU but in all stages of circulation. Just love the design and subject matter as well as the size and heft to the piece? Perfect pirate treasure chest material. Sure Franklins have more meat usually but they come dull in the 90% and sure I like them as much as a BU Kennedy's..... Values seem to keep up with circulation as the cool factor of a Barber half makes up for it being slick and the mint fresh Kennedy are bland but weigh the most, so there's that, but the Walker is in the sweet spot of being both (1935-47). I can't imagine stacking those gaudy silver rounds with the horrible buffalo nickel Indian effigy.
I started buying gold in say 1999. Oz were going for 350-425. Was doable for me at the time, was 27 but had a decent job. Just wanted one and caught the bug. Goal is to stash a bit each year until I'm 65 then use it to buy a retirement toy hauler or something. Skipping the pack of cigs and red bull and buying silver, seems simple smart. Really just using running money you'd be surprised at what can add up. But let's face it, I don't walk around with 1200-1800 gold kind of money. That's where Walkers come in.
My B&M has a box with my name on it. I go in on average once a week, so if I pass on an item they can get it in the showroom. I'm not looking for Walkers, I'm looking for copper, medals, local mining ephemera, cool coins in general. Once in a while something great comes in that's the point. Most of the time it's nothing special and I buy anywhere from 5-20 Walkers. They throw in a tube knowing I'll have to fill it now! It's my way of making my curtesy purchase, and it's fun to add it to the pile. Heck, one year I brought in a friend to the shop and the they started doing so many deals the owner gave me their buy price for a year! I didn't back up the truck, but did buy a little more than usual, I can't remember the last time I payed full pop for even small amounts. Think 90% is boring? Get a bigger pile and it starts to get exciting. And all in all, I'm adding to my metals goals without any noticeable deduction to the checkbook like popping for a gold Buffalo would.
So I'm going for 1000 face now, not sure if I'll stop when I reach that. I seed the stash with circ Barbers, Bookers, Washington or Stone Mtn commemoratives etc.
As far as an investment? Im banking that 20 years from now my 5-7 dollar Walkers will be worth more. If life throws a wrench I'll have an ace, if not then pure enjoyment. One friend said he felt bad he sold all his silver when he had his heart attach. I said, Dude, that's what this is for! I just haven't had mine yet! I'm of the opinion that nothing pays better than not paying interest. I've refied my house three times as rates dropped, same with other properties. I wouldn't hold a grand in silver when a refi costs 1200 and would save a guy 20k in interest. I declare to my coworkers, like an all star wrestler, there's one thing I hate more than paying interest and that's banking penalties! I just don't do it. I'm all about the 15 year mortgage. And yes, all the conventional investments get fully funded as well as ALL taxes and insurance policies. This is a pet side project.
So what the heck, maybe I'm a dope, it's a habit now, one I hope bears fruit. To the OP, you already have a great start, I guess what to do is the prerogative of the owner and what the entire picture looks like.
THIS is exactly why I wanted open opinions. Thought processes clearly stated and essentially how I am looking at my savings. At 26 I am close to 900 WLH and 1300 troy ounces of OPM rounds and bars. "Junk" silver was a dive for me when I started buying them. The 160 in question arent in amazing shape but they are far from slicks. Space in the safe is growing tight. An opportunity to "slim down" was in the back of my mind. Figured heck, talk to a crowd of experience and get some realistic information back pertaining to metals investment. I was worried I made a mistake buying WLH's instead of bullion.
Feeling a lot better now.
Sounds like you have a lot of silver based on your post. WLH's are super liquid so no need to worry about that. Great suggestions so far and I would consider trading them as well.
If it was me, I would trade for gold or a cool coin on my want list.
Sounds like we're all in the same boat so here's my take,
For me, when it come to stacking silver, I prefer vintage old pour bars. Walkers would be my second choice and here is why.
They're beautiful first off, not only when they are BU but in all stages of circulation. Just love the design and subject matter as well as the size and heft to the piece? Perfect pirate treasure chest material. Sure Franklins have more meat usually but they come dull in the 90% and sure I like them as much as a BU Kennedy's..... Values seem to keep up with circulation as the cool factor of a Barber half makes up for it being slick and the mint fresh Kennedy are bland but weigh the most, so there's that, but the Walker is in the sweet spot of being both (1935-47). I can't imagine stacking those gaudy silver rounds with the horrible buffalo nickel Indian effigy.
I started buying gold in say 1999. Oz were going for 350-425. Was doable for me at the time, was 27 but had a decent job. Just wanted one and caught the bug. Goal is to stash a bit each year until I'm 65 then use it to buy a retirement toy hauler or something. Skipping the pack of cigs and red bull and buying silver, seems simple smart. Really just using running money you'd be surprised at what can add up. But let's face it, I don't walk around with 1200-1800 gold kind of money. That's where Walkers come in.
My B&M has a box with my name on it. I go in on average once a week, so if I pass on an item they can get it in the showroom. I'm not looking for Walkers, I'm looking for copper, medals, local mining ephemera, cool coins in general. Once in a while something great comes in that's the point. Most of the time it's nothing special and I buy anywhere from 5-20 Walkers. They throw in a tube knowing I'll have to fill it now! It's my way of making my curtesy purchase, and it's fun to add it to the pile. Heck, one year I brought in a friend to the shop and the they started doing so many deals the owner gave me their buy price for a year! I didn't back up the truck, but did buy a little more than usual, I can't remember the last time I payed full pop for even small amounts. Think 90% is boring? Get a bigger pile and it starts to get exciting. And all in all, I'm adding to my metals goals without any noticeable deduction to the checkbook like popping for a gold Buffalo would.
So I'm going for 1000 face now, not sure if I'll stop when I reach that. I seed the stash with circ Barbers, Bookers, Washington or Stone Mtn commemoratives etc.
As far as an investment? Im banking that 20 years from now my 5-7 dollar Walkers will be worth more. If life throws a wrench I'll have an ace, if not then pure enjoyment. One friend said he felt bad he sold all his silver when he had his heart attach. I said, Dude, that's what this is for! I just haven't had mine yet! I'm of the opinion that nothing pays better than not paying interest. I've refied my house three times as rates dropped, same with other properties. I wouldn't hold a grand in silver when a refi costs 1200 and would save a guy 20k in interest. I declare to my coworkers, like an all star wrestler, there's one thing I hate more than paying interest and that's banking penalties! I just don't do it. I'm all about the 15 year mortgage. And yes, all the conventional investments get fully funded as well as ALL taxes and insurance policies. This is a pet side project.
So what the heck, maybe I'm a dope, it's a habit now, one I hope bears fruit. To the OP, you already have a great start, I guess what to do is the prerogative of the owner and what the entire picture looks like.
THIS is exactly why I wanted open opinions. Thought processes clearly stated and essentially how I am looking at my savings. At 26 I am close to 900 WLH and 1300 troy ounces of OPM rounds and bars. "Junk" silver was a dive for me when I started buying them. The 160 in question arent in amazing shape but they are far from slicks. Space in the safe is growing tight. An opportunity to "slim down" was in the back of my mind. Figured heck, talk to a crowd of experience and get some realistic information back pertaining to metals investment. I was worried I made a mistake buying WLH's instead of bullion.
Feeling a lot better now.
Sounds like you have a lot of silver based on your post. WLH's are super liquid so no need to worry about that. Great suggestions so far and I would consider trading them as well.
If it was me, I would trade for gold or a cool coin on my want list.
Thanks for your suggestion. I find a 1909 D $5 Indian Head at a local shop. He's asking $410. A straight trade for WLHs would lean too heavily in his favor. Thinking about selling and buying the Indian Head. Wasn't sure $410 is a great price for the coin. It has excellent details but it hasnt been slabbed and I am a little worried it's been cleaned. It's extremely shiny... Not sure how else to put it.