@skier07 said:
I’ve sold perhaps half my silver and all my mint and proof sets which I had accumulated over the last 25 years. My wife is of course very happy now that she has more room for her shoe and purse obsession.
Got rid of 80 Roosevelt BU rolls yesterday. 95% of them original bank rolls ('52-'64). I could not watch as they broke every roll open to make sure there were no clad coins in the roll. Have no idea what they were thinking. I get if made up rolls but OK.
I'm saving everything except the worst junk silver and ASEs.
Sometimes I wonder if these silver runs will hurt the hobby someday. There will be few low-grade silver coins to lure beginners into collecting 20th century silver coins. Fewer junk boxes for kids to pick through. Fewer "starter lots" of low-grade silver coins for kids to start sets of silver dimes, quarters, and halves.
If I sold anything it would be those things I paid the most money for, like 30 proof ASEs I bought a couple of months ago for $45 each. I have two 1-pound silver rounds that don’t do anything for me.
But I can’t answer the question of what I’d do with cash. So I’m keeping the real money.
I could see trading 90% for something like a 1795 flowing hair dollar in vf or so. That would be interesting
Wasn't there a thread here sometime back in 2017 where everyone was dumping their Bitcoin between 7K - 10K beacuse it was probably going back to pretty much $0
-
Your hobby is supposed to be your therapy, not the reason you need it.
@Barberian said:
I'm saving everything except the worst junk silver and ASEs.
Sometimes I wonder if these silver runs will hurt the hobby someday. There will be few low-grade silver coins to lure beginners into collecting 20th century silver coins. Fewer junk boxes for kids to pick through. Fewer "starter lots" of low-grade silver coins for kids to start sets of silver dimes, quarters, and halves.
There will always be random bags of silver crammed full of common coins. What we need to worry about are things like '40-D quarters that are very low mintage so aren't in the bags and there are few in collections because only the scarce higher grades will survive. Some coins will simply be wiped out. Mid-1920's British silver is the kind of thing that can be wiped out in grades like F and VF. G's will always be common in bags but VF's are few and far between.
I’ll sell when I need the money. Between coins and other silver I most likely have between 400-500 ounces. I never really considered it valuable but 100$ ounces does have me questioning the trinkets
Right now I’m holding because I don’t need any fiat currency right now. I’m dreading the pain in the butt process of selling. The stuff I will get rid of first is a full bag of real junk, Cleaned, and worn 90%.
I’ll keep all .999 and ASE.
Mike
@johnjohn10 said:
Got rid of 80 Roosevelt BU rolls yesterday. 95% of them original bank rolls ('52-'64). I could not watch as they broke every roll open to make sure there were no clad coins in the roll. Have no idea what they were thinking. I get if made up rolls but OK.
I was happy and sad at the same time.
I would have cherry picked the rolls first. I’d have bought them to cherry pick them and then flip them for melt.
@291fifth said:
This is ideal time to get rid of common silver coins. Don't get sentimental about them. If the price of silver declines the value of the common silver coins will decline rapidly. There is probably a lot more "above ground" silver than most want to admit. The fact that refiners don't seem to want much other than .999 may be an indication that this is true.
My opinion: Don't get greedy and miss your chance to cash out of the common "stuff."
In regard to above ground silver just consider.....They minted around 3/4 of a billion Kennedy halves alone.
Hard to believe 10 ounce bars are now a grand… That’s just crazy.
I got this one yesterday although I got it at an earlier locked-in price, anything going forward now I’m at the mercy of these hundred dollar plus spot prices…
I have 75 different modern BU commemorative dollars in a Dansco album… A lot of them bought secondhand for under 30 bucks. It’s getting very tempting with these prices.
"I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
These are the kind of pieces i deliberate on now. I have a note that i bought this at $153.00. I guess the ebay logo makes it more desirable but not now. It's one of the first things I may part with if I can just push myself to start selling.
@2manycoins2fewfunds said:
Sold hundreds of ASEs, Silver proof ATB and Statehood quarters, proof dimes, 21 morgans and 22-23 peace dollars.
Fingers ache from taking ASEs out of annual dollar sets and mint boxes.
All sold too soon but very happy with sales.
Now preparing to scrap PCGS 69 graded PR/MS/SP ASEs
All sold close to what I might have gotten on EBAY after fees and efforts one at a time but moved hundreds of these at a time with instant payment.
@2manycoins2fewfunds said:
Sold hundreds of ASEs, Silver proof ATB and Statehood quarters, proof dimes, 21 morgans and 22-23 peace dollars.
Fingers ache from taking ASEs out of annual dollar sets and mint boxes.
All sold too soon but very happy with sales.
Now preparing to scrap PCGS 69 graded PR/MS/SP ASEs
All sold close to what I might have gotten on EBAY after fees and efforts one at a time but moved hundreds of these at a time with instant payment.
If you'd rather not answer that's fine but what are your plans for the cash? I ask because the "experts" believe silver has still got a lot of upside potential. Is there something you see as having more upside?
The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
If you'd rather not answer that's fine but what are your plans for the cash? I ask because the "experts" believe silver has still got a lot of upside potential. Is there something you see as having more upside?
This involves investing in the stock market. The ValueLine Investment Survey recently stated:
"While it may be difficult for investors to buy miners after such a momentous run this year, the stocks have lagged over the past decade. Fuel prices, a major cost of production, remain relatively low. We think precious metals prices are likely to remain high or move higher. Production is unlikely to increase meaningfully. As a result, earnings are likely to continue to grow substantially. Valuations are reasonable. Most investors are underweight in the sector. As a result, we think most accounts should consider allocating a portion of their portfolios to the Precious Metals industry. "
Yes all prior sales were below current spot but I have seen too many parabolic price spikes not to expect a matching parabolic decline. How how high will price spike get? I do not know but a blow out top such as a one day $10+ rise in price would be something to watch for.........
Right now there is not a shortage of silver......... simply a shortage of smelting capacity to convert 90% coins, sterling etc. into the commonly traded 100 and 1000 oz bars.
There are billions of ounces above ground subject to smelting..........Just consider there were around 3/4 of a billion 1964 Kennedy halves alone...........
This past Friday a 77 Y.O. widowed lady I know through prior workplace mentioned she was excited her silver bar had risen in price and she was waiting for her copper to arrive.
Yes a 77 Y.O. widow is waiting for her raw copper ingot to arrive...................Now if that doesn't scare you then heck....mortgage the house......What could go wrong?
Years ago I bought a big estate from a collector, many complete albums of raw coins and a couple of double-row boxes that included a nice PR64 1856 Flying Eagle, a complete MPL set 1909 VDB–1916 all PCGS, two 1990 No S cents, a nice 1964 SMS cent (MS66RD), complete raw large cents (pretty junky), raw Indians complete, on and on. Over the years I've sold most of it but still have these nice collections:
—2 complete avg circ+ Mercury dimes (no 16-Ds except one I bought later)
—complete WL halves avg circ+ with extras
—and the most amazing thing, complete Washington silver quarters AU-BU from 1932-1964 and clad through 1991, and for 1992 and after, the gentleman broke open tons of mint sets and proof sets to complete the silver proofs, Statehood quarters (PDSS including Clad and Silver proofs), the DC-US Territories quarters (PDSS Clad and Silver), ALL of the America the Beautiful quarters (PDSS including Clad and Silver proofs), 2021 Crossing the Delaware PDSS Clad and Silver. There are even some extra coins like the 2018-S Reverse Proof Silver 5-coin set. It's really gorgeous, and it's in seven (?) deluxe Dansco albums.
It takes up a lot of room, though, but so far I am loath to sell it. I very purposefully have not calculated how many silver quarters there are in all (I bought a few PCGS coins for the keys, like low-grade 1921-PDS Walkers, a nice VG8 16-D dime, and a 32-S quarter in MS62 (no 32-D yet)). The collector in me loves to take the set out and just admire the dedication and diligence one man had to assemble such an amazing set—some of the silver proofs, in particular, are starting to acquire some cool rim toning—but the dealer in me says, "Take it to your next show, there's a lot of value here."
This past Friday a 77 Y.O. widowed lady I know through prior workplace mentioned she was excited her silver bar had risen in price and she was waiting for her copper to arrive.
Yes a 77 Y.O. widow is waiting for her raw copper ingot to arrive...................Now if that doesn't scare you then heck....mortgage the house......What could go wrong?
I got nothing to lose...............I'm calling today as the top.
Comments
Keep on selling.
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Tell her “I declutterred, now it’s your turn.”
Got rid of 80 Roosevelt BU rolls yesterday. 95% of them original bank rolls ('52-'64). I could not watch as they broke every roll open to make sure there were no clad coins in the roll. Have no idea what they were thinking. I get if made up rolls but OK.
I was happy and sad at the same time.
I'm saving everything except the worst junk silver and ASEs.
Sometimes I wonder if these silver runs will hurt the hobby someday. There will be few low-grade silver coins to lure beginners into collecting 20th century silver coins. Fewer junk boxes for kids to pick through. Fewer "starter lots" of low-grade silver coins for kids to start sets of silver dimes, quarters, and halves.
If I sold anything it would be those things I paid the most money for, like 30 proof ASEs I bought a couple of months ago for $45 each. I have two 1-pound silver rounds that don’t do anything for me.
But I can’t answer the question of what I’d do with cash. So I’m keeping the real money.
I could see trading 90% for something like a 1795 flowing hair dollar in vf or so. That would be interesting
Wasn't there a thread here sometime back in 2017 where everyone was dumping their Bitcoin between 7K - 10K beacuse it was probably going back to pretty much $0
-
Your hobby is supposed to be your therapy, not the reason you need it.
There will always be random bags of silver crammed full of common coins. What we need to worry about are things like '40-D quarters that are very low mintage so aren't in the bags and there are few in collections because only the scarce higher grades will survive. Some coins will simply be wiped out. Mid-1920's British silver is the kind of thing that can be wiped out in grades like F and VF. G's will always be common in bags but VF's are few and far between.
I’ll sell when I need the money. Between coins and other silver I most likely have between 400-500 ounces. I never really considered it valuable but 100$ ounces does have me questioning the trinkets
.
11.5$ Southern Dollars, The little “Big Easy” set
Right now I’m holding because I don’t need any fiat currency right now. I’m dreading the pain in the butt process of selling. The stuff I will get rid of first is a full bag of real junk, Cleaned, and worn 90%.
I’ll keep all .999 and ASE.
Mike
MIKE B.
I would have cherry picked the rolls first. I’d have bought them to cherry pick them and then flip them for melt.
Sold hundreds of ASEs, Silver proof ATB and Statehood quarters, proof dimes, 21 morgans and 22-23 peace dollars.
Fingers ache from taking ASEs out of annual dollar sets and mint boxes.
All sold too soon but very happy with sales.
Now preparing to scrap PCGS 69 graded PR/MS/SP ASEs
All sold close to what I might have gotten on EBAY after fees and efforts one at a time but moved hundreds of these at a time with instant payment.
In regard to above ground silver just consider.....They minted around 3/4 of a billion Kennedy halves alone.
Anything I mentally noted to give to the kids.
With the run up, it does allow one to trade in common dates for better coins.
For now, I’m basically holding everything, however, the buying I’m slowing down a bit..
My YouTube Channel
Hard to believe 10 ounce bars are now a grand… That’s just crazy.
I got this one yesterday although I got it at an earlier locked-in price, anything going forward now I’m at the mercy of these hundred dollar plus spot prices…
My YouTube Channel
I have 75 different modern BU commemorative dollars in a Dansco album… A lot of them bought secondhand for under 30 bucks. It’s getting very tempting with these prices.
These are the kind of pieces i deliberate on now. I have a note that i bought this at $153.00. I guess the ebay logo makes it more desirable but not now. It's one of the first things I may part with if I can just push myself to start selling.
If you'd rather not answer that's fine but what are your plans for the cash? I ask because the "experts" believe silver has still got a lot of upside potential. Is there something you see as having more upside?
This involves investing in the stock market. The ValueLine Investment Survey recently stated:
"While it may be difficult for investors to buy miners after such a momentous run this year, the stocks have lagged over the past decade. Fuel prices, a major cost of production, remain relatively low. We think precious metals prices are likely to remain high or move higher. Production is unlikely to increase meaningfully. As a result, earnings are likely to continue to grow substantially. Valuations are reasonable. Most investors are underweight in the sector. As a result, we think most accounts should consider allocating a portion of their portfolios to the Precious Metals industry. "
Last 100-150 will go as soon as roads clear. MS/PR/Sp.
Pulling raw MS and 2011-W burnished from 2011 ASE 5 coin sets asap.
Those have little numismatic value left and can easily be replaced.............
Platinum is next ...............
What to do with $$$? Booze and whoes then I'll pss away the rest..................
Before anyone states the obvious.....
Yes all prior sales were below current spot but I have seen too many parabolic price spikes not to expect a matching parabolic decline. How how high will price spike get? I do not know but a blow out top such as a one day $10+ rise in price would be something to watch for.........
Right now there is not a shortage of silver......... simply a shortage of smelting capacity to convert 90% coins, sterling etc. into the commonly traded 100 and 1000 oz bars.
There are billions of ounces above ground subject to smelting..........Just consider there were around 3/4 of a billion 1964 Kennedy halves alone...........
You want a sign we are close to the top?
True story......
This past Friday a 77 Y.O. widowed lady I know through prior workplace mentioned she was excited her silver bar had risen in price and she was waiting for her copper to arrive.
Yes a 77 Y.O. widow is waiting for her raw copper ingot to arrive...................Now if that doesn't scare you then heck....mortgage the house......What could go wrong?
Just the silver error coins,harder to replace then non-error silver. Some toned silver dimes.
Years ago I bought a big estate from a collector, many complete albums of raw coins and a couple of double-row boxes that included a nice PR64 1856 Flying Eagle, a complete MPL set 1909 VDB–1916 all PCGS, two 1990 No S cents, a nice 1964 SMS cent (MS66RD), complete raw large cents (pretty junky), raw Indians complete, on and on. Over the years I've sold most of it but still have these nice collections:
—2 complete avg circ+ Mercury dimes (no 16-Ds except one I bought later)
—complete WL halves avg circ+ with extras
—and the most amazing thing, complete Washington silver quarters AU-BU from 1932-1964 and clad through 1991, and for 1992 and after, the gentleman broke open tons of mint sets and proof sets to complete the silver proofs, Statehood quarters (PDSS including Clad and Silver proofs), the DC-US Territories quarters (PDSS Clad and Silver), ALL of the America the Beautiful quarters (PDSS including Clad and Silver proofs), 2021 Crossing the Delaware PDSS Clad and Silver. There are even some extra coins like the 2018-S Reverse Proof Silver 5-coin set. It's really gorgeous, and it's in seven (?) deluxe Dansco albums.
It takes up a lot of room, though, but so far I am loath to sell it. I very purposefully have not calculated how many silver quarters there are in all (I bought a few PCGS coins for the keys, like low-grade 1921-PDS Walkers, a nice VG8 16-D dime, and a 32-S quarter in MS62 (no 32-D yet)). The collector in me loves to take the set out and just admire the dedication and diligence one man had to assemble such an amazing set—some of the silver proofs, in particular, are starting to acquire some cool rim toning—but the dealer in me says, "Take it to your next show, there's a lot of value here."
What would you do?
I got nothing to lose...............I'm calling today as the top.
If I'm wrong call me out.......