Is 9.25X a goof price for 40% 1/2 Dollars?

Comments

• 2manycoins2fewfunds Posts: 3,039 ✭✭✭

  March 28, 2011 12:31AM

  Melt value is at this time $5.50 per coin.
  
  If you can buy them at $4.50-$5 it would seem like a good price but why buy 40%??
  
  90% is far more marketable with tighter spread.

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• HTubbs Posts: 4,138 ✭✭✭

  March 28, 2011 12:51AM

  
  
  << <i>
  
  90% is far more marketable with tighter spread. >>
  
  
  
  ditto!

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• taxmad Posts: 1,026 ✭✭✭✭

  March 28, 2011 1:07AM

  Having found a roll of 40% halves in my weekly roll search endeavors, I was amazed how far back of spot the B&M's pay. They flat out told me they hate 40%. Stick with 90% (as advised above) or try to buy around 8.25X...

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• TJM965 Posts: 446 ✭✭✭

  March 28, 2011 1:38AM

  
  I would buy them for 9.25 per dollar.

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• tyler267 Posts: 1,305 ✭✭✭✭

  March 28, 2011 4:32AM

  I have been watching the discount on 40% for a while.
  
  I know absolutely nothing about silver refining, but it seems at this kind of discounts it would be profitable to send the 40% to a refiner.
  
  Is this happening? And if so is it happening on a large scale?

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• barrytrot Posts: 759 ✭

  March 28, 2011 5:18AM

  You will easily find buyers at 10x plus shipping right now.
  
  I am buying at that level, in fact, so there's a buyer right here

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• notwilight Posts: 12,864 ✭✭✭

  March 28, 2011 5:27AM

  
  
  << <i>
  
  << <i> 90% is far more marketable with tighter spread. >>
  
  ditto! >>
  
  
  
  And that is why 40% trades so far back of spot.

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• 57loaded Posts: 4,967 ✭✭✭

  March 28, 2011 6:15AM

  as silver rises so do war nickels and 40%
  
  i wouldn't advise someone to get into them now.
  
  B/M's don't like them for good reasons.

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• sonofagunk Posts: 1,349 ✭✭

  March 28, 2011 6:59AM

  I threw 43 of them up on eBay just this week. Was getting quotes of 8X from people, and I saw that people were paying 10X, so even with the fees, I come out ahead

  eBay Error Sales

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• keets Posts: 25,351 ✭✭✭✭✭

  March 28, 2011 7:08AM

  40% isn't really that far back. not very long ago when dealers were paying about $22 for 90% i was able to get almost $10 for Ike Dollars. if you do the math $9.70 was right on the money. you get less because it is less.

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• PawPaul Posts: 5,845 ✭

  March 28, 2011 9:21AM

  
  
  << <i>I have been watching the discount on 40% for a while.
  
  I know absolutely nothing about silver refining, but it seems at this kind of discounts it would be profitable to send the 40% to a refiner.
  
  Is this happening? And if so is it happening on a large scale? >>
  
  
  
  
  I can't base it on fact or statistics ........, but I think a very small percentage of silver bullion coins actually get sent to the smelters

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