Has the increase in the spot price of silver caused you to inventory your silver coinage?
SanctionII
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I have in my collection a number of silver US coins (99.99%, 90%, 40%, 35%) that I have accumulated since 1963 when I started collecting. Some of the coins are in albums, flips, coin tubes and rolls. Some are loose. I do not know how many silver coins I have, but yesterday I started going through my collection and counting how many of each silver coin I have.
Has anyone else done the same?
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Yes. I am beginning to liquidate some of my BU 90% half, dime, and quarter rolls.
I don't have much.
It’s crazy changing my spreadsheet spot silver figure from 30 to 75 and watching the total value explode.
Mine still lists silver at 20.25 and gold at 1762. This would tell any interested parties the date when I made that calculator...
Serving the greater Mechanicsburg and Camp Hill, PA area
https://zenithbullionconsulting.wordpress.com/
Not yet, I don't wanna give myself any ideas 🤒
Three weeks ago? Lol.
Yes.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Kind of. I did do a quick check of my half-dollar sets. I have 2 1/2 Walking Liberty sets (circulated), 2 Franklin, and 1 barber (circulated). May be time to pull the keys and dump the rest.
Started going through my hoard and doing some selective selling, to raise funds for FUN, etc. Got a bunch more in the bank SDB, I think, haven’t even looked at it in years.
Move the crap out!
Probably should have held on a little longer but I sold pretty much everything when silver went above $50/oz. I just did a little inventory and the only rolls I have left are 3 bank rolls of Jefferson Nickels from the early 60's from my brothers' collection. I have a few odd pieces of 90% that range from 19th C Type... a Seated half dime, a couple of Dimes, Quarters and Halves... a few Halves from the "Tooth Fairy" (a Walker and a Franklin, few Kennedys)... and 7 Morgan Dollars ,mostly toned AUs and a '91CC... and a partial set of Mercury Dimes (~20) in a plastic dime holder...
I'm on the sidelines just looking in as far as bullion is concerned... I'm also very happy with the sale and the coin I got to replace that small stack of 90% Ag...
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I have done exactly that, inventory. I wouldn't mind selling some silver now but I held it through the Hunt brothers fiasco. I kind of think we are a ways from the top though. I'll probably hang on.
Already picked up some b4 bull mkt.
It’s already listed on inventory ss. Now Mainly increasing prices where needed. (This bull market).
No.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Yesterday melted, paid today
5 rolls dimes
2 rolls quarters
1 roll halves
3 rolls 40% halves
10 or so Canadian Dollars, 10 rupee Olympics, 5 peso etc.
No, just a hobby so buying and enjoying.
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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
Plenty of my Canadian silver coins are now lumped into my bullion pile as their silver value exceeds their Ebay selling price by leaps and bounds.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Yes.
USAF (Ret.) 1985 - 2005. E-4B Aircraft Maint. Crew Chief and Contracting Officer.
✓ Everyman Mint State Carson City Morgan Dollars (1878 – 1893)
✓ Morgan Dollar GSA Hoard (1878 – 1891)
✓ Everyman Mint State Lincoln Cents (1909 – 1958)
✓ Matte Proof Toned Lincoln Cents (1909 – 1916)
Yes. Did a quick accounting of some circulated silver nickels, dimes, quarters, half dollars, and an accumulation of foreign silver from .100 to .920%. Man I have a lot and that’s not taking into account all the uncirculated set in Whitman and Dansco albums and all the extras in uncirculated in 3 ring binders. Also at least a few hundred ASE in uncirculated, burnished and proof. Quite a large quantity of 90% Commems from 1986-2024. Oh and the silver .999 Presidential series and .999 5-ounce NP coins and Apollo coins. Too much to even wrap my head around. There’s much more that I’m sure I’ve forgotten about too.
Same. It's made me revisit some of my lower grade coins and sell them. Only ones I was hanging onto with little interest since my tastes have changed.
Rare-Change.com - Low listing fee
Graded material perpetual inventory. With the bull market items may have valuation / price adjustment.
Are you planning on keeping everything, keeping on buying, or is there a point where you would consider selling? Just curious...
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Finished performing an inventory of my US silver coins (raw and graded). Did not realize how many I have, much of it junk silver.
So right now, I’m not planning on buying any new silver and have no immediate plans to sell. Not purchasing anything new from the Mint as their prices have skyrocketed and will likely increase and I have not purchased much from them in the past 4 years. My collecting strategy has changed as I now and for the past 4 years only collect better date PCGS certified coins (keys and semi-keys) and those with lower populations. If silver ever gets to that magical number of perhaps $100. an ounce, I could start to be persuaded. Zack.
Yes; that and the end of the year.
USAF veteran 1984-2005
Yep.
Pacific Northwest Numismatic Association
All my graded material is inventoried individually. Raw (junk box shows) is mainly inventoried in bulk; however prices are adjusted as needed in keeping up with the bull market. Very little raw silver. These are in 2x2 priced accordingly.
In this bull market players are adjusting prices up as needed. Spot is monitored and of course as it goes up players may make adjustments in price in accordance with the bull market.
Yes, just recently pulled everything out. Kinda surprised myself. On a positive note, I'm no longer upside down on some stuff I previously overpaid for.
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Yes!
But not just coins, also my sterling flatware set, which got excessively carried away during the 1990s when bullion prices were back to $5-$6 and forks & spoons just seemed too cheap. Three hundred and seventy-two pieces makes me a silver stacker in that category now!
Any Tiffany and Georg Jensen?
No Tiffany or George Jensen. It's all Gorham Chantilly.
Funny you made this post...I literally just did an inventory! I had about 10 circulated rooselvelt silver sets that I just dumped into rolls as they took up space...but I was actually disappointed, I thought I had more total weight
Right? Mine had 30 for silver, 2500 for gold, and ... WOW! Of course that's in large part the dollar losing value, but still.
Yes, I started looking for some 90% to liquidate, but at the same time, I'm accumulating more of it.
I have been inventorying and gathering up what wasn't really considered previously. $80 is a good enough exit point for me, if it keeps going up, congrats to the next person.
Collector, occasional seller
GREAT SET! From AI
Its timeless design, superior craftsmanship, and status as the most popular sterling pattern ever produced by Gorham solidify its reputation as a top-tier, valuable, and beautiful collection
Fun times going through old piles finding 2x2s of BU Peace dollars with $25 prices
Yes.
I just sold 5 ATB 5oz hockey pucks Friday at 95% of melt to a local shop. Paid more than major online sites would, no shipping cost, and immediate cash payment.
I have some PCGS graded MS or PR68 ASE's that are to be sold.
I even just pulled a few AG/Cull barber half dollar to sell for melt.
@SanctionII said: Has anyone else done the same?
Kevin, I started doing what you’re doing back in early December after Silver was past $50. Most of what I had was singles, 10/25/50 Proofs in incomplete sets, some BU’s including a partial set of Franklins and some 90% and Sterling medals. I sold last week at 50x and my net was over 2k.
Here’s my reasoning. Mostly this was stuff with a value which was cratered. Selling to a collector would be difficult and time consuming, spread out over a long time. Selling to a dealer would put me 10-20% back of sheet. Sending to be graded and then selling to a collector/dealer or at auction would be stupid and probably lose money.
Most of my stuff and most of what you are considering has had the Numismatic value passed by the Bullion value. The only logical reason to keep it now is to wait for a rise in Spot to sell at a higher level. If/when Silver falls back to sane historical levels and you have held this stuff the Numismatic value will be at a negative for you.
My suggestion: cut whatever emotional ties you have and take the profit. If you don’t you’ll regret it.
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety," --- Benjamin Franklin
Maywood.
Excellent points. My thoughts exactly.
Kevin