If someone has been holding the 90% for decades what is considered a low price at today's silver price is a nice profit based on what they may have paid for it. Given today's market for 90% it at least gives the seller an option to say yes or no.
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
@Coin Finder said:
I think hanging on to Silver is a good idea given our paper fiat money is not doing well...
There’s always a price at which it would pay to sell. I think we’re beyond it. Others may disagree.
And if you sell, you don’t have to keep the fiat money. You can buy something else.
The question for me is what is that "something else"?
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
@MrEureka said:
Gold? Equities? Real estate? Rare coins? A new business? Don’t worry about it. There’s no rush. The opportunities will keep coming.
Opportunities everywhere. I have been and continue to dump my remaining gutter metal; these prices are well beyond the opportunity of a lifetime. I plan to go paper short via ZSL and perhaps someday go long physical again once reality sets back in. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@MrEureka said:
Gold? Equities? Real estate? Rare coins? A new business? Don’t worry about it. There’s no rush. The opportunities will keep coming.
Opportunities everywhere. I have been and continue to dump my remaining gutter metal; these prices are well beyond the opportunity of a lifetime. I plan to go paper short via ZSL and perhaps someday go long physical again once reality sets back in. RGDS!
I’ve been doing the same and shorted SLV on Friday. We’ll see how that goes. I’m not gutsy enough for ZSL.
@MrEureka said:
Gold? Equities? Real estate? Rare coins? A new business? Don’t worry about it. There’s no rush. The opportunities will keep coming.
Opportunities everywhere. I have been and continue to dump my remaining gutter metal; these prices are well beyond the opportunity of a lifetime. I plan to go paper short via ZSL and perhaps someday go long physical again once reality sets back in. RGDS!
I’ve been doing the same and shorted SLV on Friday. We’ll see how that goes. I’m not gutsy enough for ZSL.
May be just a hair to early yet. I guess time will tell. Good luck. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
The costs of shipping, storage, salaries, marketing, and time involved I believe would be a factor.
I would think their spread on junk stuff / 90 pct silver matl wb the same as around CDN CPG on other stuff. But ymmv. If lots culls realized then less.
Now if the guy loaded on that (sell wise) he might discount it to (or just auc blowout) get nice slabbed investment grade coins like at a show. That’s what Jimmy did last week (BV plus 5pct on a big junk silver pile to a a customer) then spent that on some nice slabbed investment grade material at show.
@MrEureka said:
Gold? Equities? Real estate? Rare coins? A new business? Don’t worry about it. There’s no rush. The opportunities will keep coming.
Opportunities everywhere. I have been and continue to dump my remaining gutter metal; these prices are well beyond the opportunity of a lifetime. I plan to go paper short via ZSL and perhaps someday go long physical again once reality sets back in. RGDS!
I’ve been doing the same and shorted SLV on Friday. We’ll see how that goes. I’m not gutsy enough for ZSL.
May be just a hair to early yet. I guess time will tell. Good luck. RGDS!
Personally, on a stand alone investment, a painful move, though relative to the physical holdings I would have sold last month, ZSL only posed some minor resistance.
If there were actually tremendous demand among the public for silver right now (or numismatics generally) along with a scarcity of supply, those bid/offer prices would tighten up significantly.
Add in silver's volatility and the previous spikes silver's seen, the prices being realized, no one should be surprised by the wide quotes.
Silver over $100/oz.? Unsustainable. When it comes crashing down it's going to be every peanut player for himself. Having said that, I can see .999 Ag eventually settling in at $50/oz.
The measure of intelligence is the ability to change.
Albert Einstein (14 March 1879--18 April 1955)
It's looking like the coin shop I once frequented has made a wise decision folding the tent like they have done fairly recently. They've got gobs of silver coin "junk" in double row boxes that I bet they are trying to get at least 50 times face for as we speak.
The measure of intelligence is the ability to change.
Albert Einstein (14 March 1879--18 April 1955)
Comments
If someone has been holding the 90% for decades what is considered a low price at today's silver price is a nice profit based on what they may have paid for it. Given today's market for 90% it at least gives the seller an option to say yes or no.
I think hanging on to Silver is a good idea given our paper fiat money is not doing well...
There’s always a price at which it would pay to sell. I think we’re beyond it. Others may disagree.
And if you sell, you don’t have to keep the fiat money. You can buy something else.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
The question for me is what is that "something else"?
Gold? Equities? Real estate? Rare coins? A new business? Don’t worry about it. There’s no rush. The opportunities will keep coming.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Opportunities everywhere. I have been and continue to dump my remaining gutter metal; these prices are well beyond the opportunity of a lifetime. I plan to go paper short via ZSL and perhaps someday go long physical again once reality sets back in. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
I’ve been doing the same and shorted SLV on Friday. We’ll see how that goes. I’m not gutsy enough for ZSL.
May be just a hair to early yet. I guess time will tell. Good luck. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Guy in coin club sometimes sells lots via eBay auction now and then. Blew out his junk box stuff recently.
If the junk silver bunch of culls then potential buyers may low ball heck out of it or just pass.
Now Monday in Asia and metals are trading & silver is $109+ now...
https://www.coinflation.com/silver_coin_values.html#google_vignette
Gold is $5087 and platinum crossed $2800, all records. The world buys physical metal while USA trades paper metal contracts.
The costs of shipping, storage, salaries, marketing, and time involved I believe would be a factor.
I would think their spread on junk stuff / 90 pct silver matl wb the same as around CDN CPG on other stuff. But ymmv. If lots culls realized then less.
Now if the guy loaded on that (sell wise) he might discount it to (or just auc blowout) get nice slabbed investment grade coins like at a show. That’s what Jimmy did last week (BV plus 5pct on a big junk silver pile to a a customer) then spent that on some nice slabbed investment grade material at show.
Personally, on a stand alone investment, a painful move, though relative to the physical holdings I would have sold last month, ZSL only posed some minor resistance.
Supply/Demand always rules.
If there were actually tremendous demand among the public for silver right now (or numismatics generally) along with a scarcity of supply, those bid/offer prices would tighten up significantly.
Add in silver's volatility and the previous spikes silver's seen, the prices being realized, no one should be surprised by the wide quotes.
Sell here on BST coins. I've done very well selling on the PCGS BST board
Silver over $100/oz.? Unsustainable. When it comes crashing down it's going to be every peanut player for himself. Having said that, I can see .999 Ag eventually settling in at $50/oz.
The measure of intelligence is the ability to change.
Albert Einstein (14 March 1879--18 April 1955)
It's looking like the coin shop I once frequented has made a wise decision folding the tent like they have done fairly recently. They've got gobs of silver coin "junk" in double row boxes that I bet they are trying to get at least 50 times face for as we speak.
The measure of intelligence is the ability to change.
Albert Einstein (14 March 1879--18 April 1955)