90% Silver Your Opinion Which Denomination Is Best
Planchet
Posts: 294
I overheard part of a recent discussion and I am interested in what forum members think. You are buying 90% Silver. You have your choice of mixed, or buying only half dollars, quarters or dimes. With the half dollars, you have your choice of franklins, walkers or kennedys. In quarters the only choice is washingtons and for dimes you have a choice between roosies and mercury. All cost exactly the same per ounce. They are being sold by weight, not by face, so wear is not a factor. What is the best to buy and why?
Do you think one is easier or brings a better return when you have to sell.
Planchet
sorry my original post went off with just the header before I tryed in the question
Do you think one is easier or brings a better return when you have to sell.
Planchet
sorry my original post went off with just the header before I tryed in the question
0
Comments
Note to TBONE: Walkers is not a "denomination".
Russ, NCNE
<< <i>Walkers................... >>
aka Walking Liberty Halves. Like Russ said, just stating the denomination.
Planchet
Because they are larger easier to count and deal with. Which would you rather count 20 halves or 100 tiny little dimes?
There's more chance of getting premium coins and having them develop a premium.
There more divisable in the unlikely event they are ever used as money again.
Frankly I think there are a lot more and a lot better choices than these. You can get
semi-numismatic US and world coins for the same price as bullion. Some of these are
tremendous deals.
<< <i>With the half dollars, you have your choice of franklins, walkers or kennedys. >>
Although the title says denomination, the text indicates you can choose type.
<< <i>Halves.
Because they are larger easier to count and deal with. Which would you rather count 20 halves or 100 tiny little dimes?
Fivecents
With the half dollars, you have your choice of franklins, walkers or kennedys. All cost exactly the same per ounce. They are being sold by weight, not by face, so wear is not a factor. Which type of half dollaris the best to buy and why?
Planchet
<< <i>
Frankly I think there are a lot more and a lot better choices than these. You can get
semi-numismatic US and world coins for the same price as bullion. Some of these are
tremendous deals. >>
Cladking, please give an example of the semi-nusmatic silver US coins that you are thinking of?
Planchet
I liked Clad King's reasoning for the mercs to. I they were bagged up I imagine they would not take any more or less space so those work too.
<< <i>I picked Walkers just cause they're beautiful. Mercs would be second. >>
I agree with this...................
and Russ: Thanks for clarifying that for me................
<< <i>With the half dollars, you have your choice of franklins, walkers or kennedys. All cost exactly the same per ounce. They are being sold by weight, not by face, so wear is not a factor. Which type of half dollaris the best to buy and why? >>
Kennedys, because you can get shiney ones. Shiney Walkers and Frankies cost more.
Russ, NCNE
<< <i>
Cladking, please give an example of the semi-nusmatic silver US coins that you are thinking of?
Planchet >>
OK.
A silver quarter right now has about $3.40 worth of metal in it. That means a piece of junk
beat-up '64-D quarter which will never have a chance of getting a premium will sell for this
amount. Three years ago a nice attractive VG/F '40-D quarter would wholesale around $3.40
Today this is still about the price you'll pay. If silver goes down this coin will still probably be
worth about this amount. If silver goes up some of these will be melted and the coin will be
scarcer. It has a chance of increasing in value no matter what happens to silver but will always
be worth as much as the '64-D.
A nice choice BU roll of '56-D quarters, Spanish BU 100 P's, or nice AU Japanese 100Y coins are
among the almost endless list of coins that can fit this bill. Just look for stuff that has always
been worth about as much as its current bullion value. Much of this can be bought at a discount
because it's esoteric and some is mainstream. Look at the silver eagles that had a premium at
lower silver prices.
It's not only a matter of protecting against loss but of standing to have more gain. If silver
does go down you can trade the '56-D quarters for two rolls of '64-D's.
<< <i>With the half dollars, you have your choice of franklins, walkers or kennedys. All cost exactly the same per ounce. They are being sold by weight, not by face, so wear is not a factor. Which type of half dollaris the best to buy and why? >>
Planchet....I prefer problem free Walkers Mercury dimes, they have an ever so slight numismatic twist. I try to buy only problem free, no heavy rim dings corrosion, or overly worn. Now if it is cheap enough I am not picky....I will buy worn Roosevelt dimes and even worn Kennedys.
<< <i>I have been through many bags of junk silver. Halves are a treat. Quarters are a chore but are fun. $1000 in dimes is a real test of your mettle. >>
I think going through a $1,000 bag of dimes is what took the last bit of close up vision I had left.
but if it's just "which 90% silver is best?' - half's would be an answer as far as counting and probably storing them as well.
i bought a big bunch of mercs...because i like to look through them.
A roll of 20 is 15.46 oz. of pure silver, easy for me.
Guess it really doesn't matter 90% is 90%.
<< <i>Not really sure which is best, but I prefer cull Morgan and Peace dollars.
A roll of 20 is 15.46 oz. of pure silver, easy for me.
Guess it really doesn't matter 90% is 90%. >>
90% coinage is 90% coinage.
After so many years of buying so much of it and moving so much of it, it's all the same to me.
Counting it?
They have fairly cheap machines that will do that for you rather quickly.
I used to love going through all those bags of 90% coins just looking for that rare find, but that was then and this is now.
There aren't many needles left in the haystack anymore.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
It's also easy to keep track of 20 in a tube.
1- 1916 D Merc AG
2- 1942/1 Mercs VF ish
1- 1938 D WLH F
Then there was the bag of Halves that was sealed in 1980 just at the peak of the silver boom. It contained Barbers, Commemoratives, and a few Seated (in addition to WLH's Frankies & Kennedys)
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Miles
<< <i>Over the past couple of years, we've gone through probably 100 $1000 bags of silver. We have found the following:
1- 1916 D Merc AG
2- 1942/1 Mercs VF ish
1- 1938 D WLH F
Then there was the bag of Halves that was sealed in 1980 just at the peak of the silver boom. It contained Barbers, Commemoratives, and a few Seated (in addition to WLH's Frankies & Kennedys) >>
I've made some great finds as well. It all depends on the source of the bags. I've never known a board member from around here to make such a mistake.
Never picked any up at B&M shop that produced any results either.
Sure, with smaller buys from regular folks, I always go through those.
I once bought 20 Peace dollars and 17 of them were 34-S in various grades from VF to AU. But that was a most rare exception.
I also found an 89-CC in a batch of 400 Morgans bought from an antique dealer in Canada. They found them in a false bottom of a chest. I was looking for antique radios and he asked me what else I collected. That was a while back as I think I paid him $7 per coin. His English wasn't too good and my French is pretty rusty, but he knew how to take a credit card and ship to the US.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
but we need to know how you plan to sell - or are you going to keep it until you die or need it for food
what people are telling you are choices for when silver drops down to below $10/ounce
and you are willing to split out and sell piecemeal
if you have no intention of doing that ever, but will sell the bags intact
it does not matter - but the older ones (Mercurys and Walkers), may have a premium at sale time vs now
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
K S
<< <i>What if you just want $1000 face silver? Wouldn't Franklins have less wear than the walkers? Wouldn't you get more silver with the Franklins? Also, wouldn't the Kennedy's be uncirculated or almost uncirculated and be virtually full weight? >>
Ive gotten bags of mercs and some are are amazingly thin. Since this thread is about 90%, not numismatics, I always go for the silver content.