At what price of silver will you sell your collector silver bullion sets?
erwindoc
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I have collected and completed many sets of silver bullion coins from the US and foreign countries, including Canada, UK, Austria, South Africa, Mexico, China, etc. They are really neat coins and fun to collect. I am sure many collectors have done the same. However, they are ultimately bullion. What price of silver will get you to sell your sets? I have not made up my mind, but the thoughts are starting to cross my mind!
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I don’t have sets of modern bullion, but with the price of silver being so high this week, it motivated me to deliver some slabbed modern bullion I had laying around to Great Collections this week. So I guess whatever the spot price was on Thursday is my answer to the question in the title of this thread. The coins were all 70s or 69s that I had submitted myself to PCGS over several years that I had purchased directly from the mint.
Mr_Spud
I have sold off a lot of my bullon coins recently. I kept some of my favorites like the early 80"s Libertads.
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I've been thinking of some with goal in mind of maybe some nice seated halfs that I'd like 👍
( a nice cc would be in the mix ) price I'm not sure yet
$50 & up
Crystal Ballers on Bloomberg Biz channel say $95 by end of 2026 due to industrial uses & ...
I am buried in 5oz ATBs, I thought they were so cool at the time when I got back into coins in 2010s but at $40 its on average been a dead money breakeven decade plus purchase.
I'll keep less than ten to remind me, "What was I thinking ?" Gold tripled since then. I also added a few 24k Buffalos at $1,200 oz at very same point in time
I've long said that I'm melting everything at $50.
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I bought all my physical silver many years ago at very low prices and do not plan to sell, just leave it to my heirs.
I do trade SLV and have recently sold a lot of it that is in my short term basket, same with GLD.
I’m slowly getting rid of the silver proof state quarter sets that took this long to break even (and they sell for under spot so it’s not there for all yet). I did enjoy collecting those at one point but found other series that I enjoy more over the years.
I have thought for years if silver hits $50 to get rid of all the Whitman folders with Mercury and Roosevelt dimes, Washington quarters and walking liberty and Franklin halves. With the recent run up in silver and gold I am not sure that I would do that.
I sold some things off at $20 an oz a couple years back. I sold some more at $32 an oz. Got almost the same price both times as premiums were super high when at $20 and near zero at $32. I may sell more at $50-60 but could also see just holding on to the last of it until death.
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$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Silver reached a high of $49+ in April 2011. $49 in 2011 would be worth about $71 today. I think I'll hang on to my silver for now....
I have traded some for gold. Staying in PM’s but more portable.
Well, I make very good money selling graded modern bullion. People want that authenticity with their purchase especially beginner FOMO buyers which there doesn't seem to be a shortage of. In a world of fakes with no enforcement these things become more desirable.
Some grading services only charge 20 a pop, so if you're in some of these pieces for pennies then it stands to reason there could be a good payday on the horizon for you.
Back when gold was 1800, I was getting $500 for MS70 and PR70 1/10oz gold. I just unloaded some PR70 1/10 platinum for a couple hundred profit each.
It is easy to get none finer / pop 2 when nobody else gets them graded.
I have no bullion sets myself, but if spot gets north of $75 I would likely sell all the junk/cull silver and handful of silver rounds that I have.
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I don't have sets but I have many rolls of 90% junk. Some BU/Proof, monster boxes, some slabbed modern world coins etc. It all goes bye-bye north of $50 which I believe is coming soon. It will probably wipe out the ATH and keep going up. The key will be deciding when to get out the dolly and forklift and lug all the gutter down to the big city to unload. Perhaps PAN in mid-October? Come say Hi, I'll be the old dude in a mustard-stained black shirt traveling around the Bourse Floor with the pallet on the pallet jack. THKS!
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Wooooha! Did someone just say it's officially "TACO™" Tuesday????
It's actually that same fact that makes me want to sell now... my stock fund has more than doubled while my silver is down 15%.
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I was out at 40, maybe a few pounds of junk left somewhere but I’m not holding my breath for silver. Never had much graded except for stuff bought otc. Surely, it should breach new ATH now that I’ve sold, you all can thank me in a few weeks. So long and goodnight everyone.
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How much more can stocks go up? I wish I knew!
Thank you. We appreciate the sacrifice.
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Silver also reached a high of $49+ in January 1980. $49 in 1980 would be worth about $205 today.
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Thank you Dan.
Same here.
Not sure, though when diving boards appear atop the hi-rises on Wall Street, SELL!
Point to ponder is with long term bullion holdings bought right, is possible tax liabilities. It is quite possible to make what appears to be a fat profit when selling then finding out the hard way that with taxes and inflation-the hidden and cruelest tax-one could actually come out losing money.
Tax liabilities?
Did I say that I sold most of my silver? Oopsie! That was a typo, my bad, everyone. What I meant to say.....was that it was all tragically lost in a routine boating accident, silly me. No one was hurt or injured, in case anyone was wondering, praise be 🙏🏻.
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Forwarded to the IRS
😈
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Unfortunately, a lot of guns are lost the same way.
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"Paper money eventually returns to its intrinsic value---zero."----Voltaire
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And there is the argument for buying the silver ETF (SLV) in your Roth IRA.
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I prefer SIVR, another silver ETF.
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