Should I sell off 160 Walking Liberties
CoinCollector1990
Posts: 41 ✭
All my walkers are between good and fine in this particular lot. Dates are between 1935 and 1947 - with the.majority between 1940 and 1947. Common "junk" silver.
My question is - In investment terms would it be wise to sell these off and buy bars of silver?
What would YOU invest in? I want any and all opinions. Thanks folks!
My question is - In investment terms would it be wise to sell these off and buy bars of silver?
What would YOU invest in? I want any and all opinions. Thanks folks!
Need advice -- bullion or walking liberties
0
Comments
I took my own advice and did this very thing, years ago.
As far as gold and silver; I'd go with the silver, as I think it has a lot more room to grow than gold does. JMHO.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Choice Numismatics www.ChoiceCoin.com
CN eBay
All of my collection is in a safe deposit box!
What would I invest in? Education, real estate, mutual funds, a small business........... and maybe 10% of the portfolio in PMs split between gold and silver.
Common junk silver are better than silvers bars as a bullion holding.
I'm a stacker and I agree if we are talking just bullion. But if you are worried about an apocalypse type of event then keep a couple bars handy. They will do more damage to a zombie then a handful of half dollars. Be smart about it and for goodness sake don't look back when you are running away from a zombie. This is the mistake that most people make.
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Sell or trade it for a really nice coin that excites you when you hold it.
160 Walkers are worth about $940 today with silver @ $16.25. "Junk" silver usually sells +/- 5% of melt on eBay but then you have 12% in eBay and PP fees to factor in.
There are some signs a new bull market in equities is on the horizon.
1) The S&P 500 (SPX) index fund has broken out above its 50-day moving average and has stayed above its 200-day average since mid-March which are both bullish technical indicators.
2) Oil has broken out of its 200-day average for the first time in over a year.
3) Gold has fallen below its 50-day moving average and may be in for a world of hurt soon if it can't find support at $1180, and by extension so is silver.
I wouldn't recommend selling 90% silver only to buy silver bars since you'll have sales expenses with the buy/sell spread.
MAYBE moving silver to the SPX fund would be a good move, but I'm not sure there are enough signs for a new bull market quite yet.
Common junk silver are better than silvers bars as a bullion holding.
I'm a stacker and I agree if we are talking just bullion. But if you are worried about an apocalypse type of event then keep a couple bars handy. They will do more damage to a zombie then a handful of half dollars. Be smart about it and for goodness sake don't look back when you are running away from a zombie. This is the mistake that most people make.
mark
I do have physical PM's in the event of a zombie apocalypse, but when the food riots break out I don't see a world where you show up at the supermarket saying "Everyone stand back and clear out. I've got silver and gold to exchange for food".
Instead the starving hoards will also steal your PM's as they are clearing the shelves of food to feed their families.
Common junk silver are better than silvers bars as a bullion holding.
I'm a stacker and I agree if we are talking just bullion. But if you are worried about an apocalypse type of event then keep a couple bars handy. They will do more damage to a zombie then a handful of half dollars. Be smart about it and for goodness sake don't look back when you are running away from a zombie. This is the mistake that most people make.
mark
I like Walkerfan's suggestion.
Sell or trade it for a really nice coin that excites you when you hold it.
I like Walkerfan's suggestion.
Sell or trade it for a really nice coin that excites you when you hold it.
Agree.But would only buy key coins
bullion is the cheapest way in and the best way out.
Submitted on May 28, 2016.
Values Entered:
Quantity: 160
Coin Type: 1916-1947 Walking Liberty Half Dollar
Silver Price: $16.25 / troy ounce
Answer:
Total silver value is $940.41.
Sell the described "junk silver", use the $940 towards a US Mint Platinum Jun 30, 2016 release, flip the platinum coin, see where you are at after that. MHO
Bars are not nearly as liquid as WLHs. Also, your transaction costs, even if done as a trade, will be too much. I see no indication that you want to buy a few high grade WLHs instead of simply stacking silver, so I think that option is a no-go as well.
In honor of the memory of Cpl. Michael E. Thompson
You have 8 rolls of nice circulated WLH. If silver goes up considerably from its anemic level you score big time. These cons are highly liquid on ebay, opening bid can start at melt or slightly under.
I would organize the 160 coins into ones I would want to retail in my ebay store and the others into rolls of 20 either to put away in SDB or sell by the roll in my store, auction or retail. For a WLH type piece that is nice you can pick up a nice MS65 for around $100 or possibly a 66 for around $200. I might blow out a roll or two for this project. Anything else is overkill.
I bulked up on rolls of circulated WLH, FH prior to 2011 prior to when silver went to around $50. I then blew all them out raking huge profit which was spent towards a non coin related project.
I see people all the time at shows buried in some big ticket 4,500-10,000 coin they bought which is beyond their means in the first place trying shop these around the room and getting offers at 60% MV or less. Stick to coins you can afford and not get burned liquidating.
Hold.
Bars are not nearly as liquid as WLHs. Also, your transaction costs, even if done as a trade, will be too much. I see no indication that you want to buy a few high grade WLHs instead of simply stacking silver, so I think that option is a no-go as well.
This .
Never sell silver to buy different silver . Sell and walk away or hold on to them .
Walkers are highly liquid as bullion . Smart bullion investing is all about 90% junk. ASE's , bars and generic rounds are garbage . I've ditched all my ASE's recently and found most buyers are ridiculous they bid the price up way over spot then expect collector grade coins .
Shops are the same way , they want to grade the foolish things . Asked around locally and found shops best buy prices at 1$ below spot for an ASE but they want to sell then at 22 to 24 each. That is a sucker spread right there.
A circulated pre 1921 morgan dollar is worth more than an ASE on ebay all day long.
you go to the wrong shops. we routinely sell ASE's @ spot + $3.50 and buy them @ spot + $2. bullion has the same spread, sell @ spot + $1.50 and buy at spot. it's stories of shops like you went to and the prices they buy/sell at that give ALL the B&M's a bad name.
Topic Summary: And invest elsewhere?
Bars vs. hold. It's a stagnant market. What, is silver going to $50 / oz anytime soon?
Flip your money, go elsewhere. See what happens. It's 904 dollars worth of silver.
Then again, if it's only "investment" you're after, maybe you'd be better off buying one or a few higher-end coins. But who knows. Me, I'd hang onto the "junk silver" Walkers and do a "pulled from junk silver" album of them.
Unless there was a really special single coin out there I wanted and really felt confident in...
(And even then I'd probably guess wrong.)
Collector since 1976. On the CU forums here since 2001.
This may sound arrogant, but we're only talking about +/- $940.00 here. This is not an investment level amount, in my opinion. But it is enough money to do something with that would make you happy. Put that money to better use in your daily life.
To me, if it's sitting around in common junk silver, it's collecting dust and not doing anybody any good.
If you want to put it into coins, sell the junk silver and put the money toward one nice coin that you enjoy owning. There is "investment" value in the enjoyment we get from owning nice things.
There are some signs a new bull market in equities is on the horizon.
How many bull markets have started with the DOW around all time highs?
Common "junk" silver is common junk. Why are you holding on to it?
This may sound arrogant, but we're only talking about +/- $940.00 here. This is not an investment level amount, in my opinion. But it is enough money to do something with that would make you happy. Put that money to better use in your daily life.
To me, if it's sitting around in common junk silver, it's collecting dust and not doing anybody any good.
If you want to put it into coins, sell the junk silver and put the money toward one nice coin that you enjoy owning. There is "investment" value in the enjoyment we get from owning nice things.
Actually, I can't argue with that.
Collector since 1976. On the CU forums here since 2001.
Common "junk" silver is common junk. Why are you holding on to it?
This may sound arrogant, but we're only talking about +/- $940.00 here. This is not an investment level amount, in my opinion. But it is enough money to do something with that would make you happy. Put that money to better use in your daily life.
To me, if it's sitting around in common junk silver, it's collecting dust and not doing anybody any good.
If you want to put it into coins, sell the junk silver and put the money toward one nice coin that you enjoy owning. There is "investment" value in the enjoyment we get from owning nice things.
Actually, I can't argue with that.
So much for the flip concept.
Fuddy duddys.
Silver Coin Melt Value Calculation
Submitted on May 28, 2016.
Values Entered:
Quantity: 160
Coin Type: 1916-1947 Walking Liberty Half Dollar
Silver Price: $16.25 / troy ounce
Answer:
Total silver value is $940.41.
Sell the described "junk silver", use the $940 towards a US Mint Platinum Jun 30, 2016 release, flip the platinum coin, see where you are at after that. MHO
I like the way you think.
Common "junk" silver is common junk. Why are you holding on to it?
This may sound arrogant, but we're only talking about +/- $940.00 here. This is not an investment level amount, in my opinion. But it is enough money to do something with that would make you happy. Put that money to better use in your daily life.
To me, if it's sitting around in common junk silver, it's collecting dust and not doing anybody any good.
If you want to put it into coins, sell the junk silver and put the money toward one nice coin that you enjoy owning. There is "investment" value in the enjoyment we get from owning nice things.
Actually, I can't argue with that.
So much for the flip concept.
Fuddy duddys.
So now I've officially acquired fuddy-duddy status.
It's been a long time coming.
Collector since 1976. On the CU forums here since 2001.
What is the other mistake? I want to have everything covered.
- Jim
Successful transactions with Schmitz7, Bigbuck1975, chumley, CCHunter, Smittys, Gerard, Tookybandit, MorganMan94, LogPotato, coinlieutenant, GoldCoin98, pcgs69, Kccoin, ajaan, JBN, BLee23,....
There are some signs a new bull market in equities is on the horizon.
How many bull markets have started with the DOW around all time highs?
The last correction has taken a year.
When the DOW hits 21450 (a 20% increase) you'll have witnessed one.
If it drops or stays at it's current level forever, you won't.
Common junk silver are better than silvers bars as a bullion holding.
I'm a stacker and I agree if we are talking just bullion. But if you are worried about an apocalypse type of event then keep a couple bars handy. They will do more damage to a zombie then a handful of half dollars. Be smart about it and for goodness sake don't look back when you are running away from a zombie. This is the mistake that most people make.
mark
My wife, who has never before provided input to this forum, wishes to inform everyone that several rolls of Walkers in the toe of a gym sock would work better than bars against zombies.
Can't remember who suggested selling and buying the June 30th 2016 US Mint platinum coin deserves a thank you. I very well may do that. Gut feeling platinum will outperform gold over the next few years.
For now we will wait and see. If I end up cashing in for a single interesting coin or a group, ill post it here. Thanks guys.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Go thru them and clear out any slicks, and leave nice vg to vf walkers, These will always sell regardless of silver price .
when silver spot price drops significantly like over a dollar the past two weeks, I can always still sell the wlh or( merc dimes) at same level regardless of drop in spot price, where as coins like Roosevelt dimes, franklins seem to adjust more with spot.
Common junk silver are better than silvers bars as a bullion holding.
I'm a stacker and I agree if we are talking just bullion. But if you are worried about an apocalypse type of event then keep a couple bars handy. They will do more damage to a zombie then a handful of half dollars. Be smart about it and for goodness sake don't look back when you are running away from a zombie. This is the mistake that most people make.
mark
My wife, who has never before provided input to this forum, wishes to inform everyone that several rolls of Walkers in the toe of a gym sock would work better than bars against zombies.
If we have to choose up sides I'm taking your wife.
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I realize that perhaps selling them on ebay you may get a little more then melt sometimes but you will not overcome the ebay fees. Ebaying junk silver is not a profitable option. JMO.
Bob
"Just because you were born on 3rd base doesn't mean you hit a triple"
My best offer at shows from my table on numismatic coins 60 pct MV. Many of them walk but then come back.
that is the approximate price OTC, we do it all the time. from a wholesale standpoint Half-Dollars command a premium, but not much and sometimes not at all.
I will happily pay that if anyone wants to move some.
I think if OP wanted to sell at 12.5x and put them up on this site or a couple others, they'd be sold in a matter of minutes.
Successful transactions with Schmitz7, Bigbuck1975, chumley, CCHunter, Smittys, Gerard, Tookybandit, MorganMan94, LogPotato, coinlieutenant, GoldCoin98, pcgs69, Kccoin, ajaan, JBN, BLee23,....
Agree that transaction costs to convert to bars would severely eat into investment profit/raise basis.
I use Scotsman to check for sane prices if I'm looking to buy. NOTE: WLHs will typically do slightly better (~10%) than generic JFKs or Franklins.
Scotsman
All my walkers are between good and fine in this particular lot. Dates are between 1935 and 1947 - with the.majority between 1940 and 1947. Common "junk" silver.
My question is - In investment terms would it be wise to sell these off and buy bars of silver?
What would YOU invest in? I want any and all opinions. Thanks folks!
Well, we don't know enough about your holdings and circumstances, however, as general information ....
In this economy, millions are a paycheck away from disaster, and half of Americans could not raise $400 cash in an emergency. Without knowing about how important something is to someone's situation, I wouldn't presume to suggest selling X, in order to buy Y or Z.
Once something costs extra to buy, and is paid for already, why sell, just to buy something else and pay extra again? There can be a good reason to do that, and I've done so myself, switching series or strategy. But not at a loss.
In this case, if the silver coins are the bullion portion of a larger whole, since they are preferred to bars, round discs, etc., keep them for that, and use $940 cash to buy something else. If you don't own any other bullion, you might want to keep them anyway. If the $940 is a problem, save it, don't spend it. Good luck, either way!
my early American coins & currency: -- http://yankeedoodlecoins.com/
The June 30 2016 platinum flip is based on limited mintage, it's not a long term hold, it's buy now and flip immediately.
The mint only indicates that a one oz platinum coin will be for sale June 30, 2016, what it looks like and mintage is speculation as of now.
Text
Last year mintage Platinum one oz was 4000 pcs. I expect similar strike number for sale this year.
MHO
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
You need to melt down your silver and make it into bullets for the werewolf apocalypse.
Common junk silver are better than silvers bars as a bullion holding.
I'm a stacker and I agree if we are talking just bullion. But if you are worried about an apocalypse type of event then keep a couple bars handy. They will do more damage to a zombie then a handful of half dollars. Be smart about it and for goodness sake don't look back when you are running away from a zombie. This is the mistake that most people make.
mark
My wife, who has never before provided input to this forum, wishes to inform everyone that several rolls of Walkers in the toe of a gym sock would work better than bars against zombies.
Common sense says you don't fight zombies. You run like hell. The silver just slows you down.
Lance.