Silver Just Topped $35

I'll try to take some pics when I get home tonight...good coin photos is definitely an art that I haven't mastered yet. I'm curious about the US Mint packaging..I've never ordered from them so havn't seen it before (am assuming it is from them and not some 3rd party but you never know. The front sleave has the US seal in silver along with United States of America Genuine U.S. Mint Coinage. The coins are in a holder in a card inside the sleave - viewable from both sides. I'm not a numismatist by any means (really just a silver accumulator) but the coins look mint state to me.

Earl

Good advice, Hawk. I too am still learning to take coin photos but find that I get better pics with my digi-cam if I use a "day-light" kind of bulb in a lamp instead of a flash. The flash always adds a lot of blue tones to the pics that the yellow bulb does not, so I turn the flash off and try to use a more natural looking kind of light. Sun-light works real well too but is in short supply around here at this time of the year. :-/

Sounds like you made a nice haul, Earl. I know what you mean about 26x face for silver coins. That seems higher than where it has been recently but considering that silver is over $35 now, that's really not too bad at all. Besides... with a long term / dollar cost averaging approach, what we are now paying for silver will look pretty darned cheap if silver to gold ratio drops to 15-20 instead of hanging around 50 or so.

I went to a gun show with my son last weekend and we had some great dad-son time with that. I saw quite a few coins for sale there too but the prices were not a bit better than what can be had via Provident or APMEX so I didn't buy any. I did find a VERY nice new Saiga Russian-made AK rifle at a good price, though. I was all set to dicker with them on it but noticed that it was the last one they had. The price was still good, so I bought it... and 500 rounds of TULA ammo to feed it. Need to get out to the range and try this bad boy out!

Sounds good, Earl. Good luck with your shopping.

My son is an AR fan and has a couple of them. I like the rifle but the .223 round doesn't do much for me. I really prefer the 7.62 x 39 round of the AK type rifles. Besides that, the AK round is legal for deer hunting here and the .22 center-fire rounds are not. Not that I am planning to hunt with this rifle but I could if I wanted to do that. It's good to have options.



Agreed. I am looking at doing the same thing. My silver hoard is getting pretty decent these days, so if the S/G ratio drops to around 25:1, I would be very interested in trading some Ag for Au. It would be pretty cool to pick up 10 oz. or so that way.

That is good if you want to sell or swap silver for gold. Not good really if you still want to buy

True Angel....

Great point as well Arrows, as I like proof Eagles for example, they are great. Command nice double spot on average I figure we all would agree. If an when silver hits 100 an oz., how many people will be forking out 200 for proof Eagles?

The answer to that, is the far an few between with enough credits to be buying something like that in what would be a real bad economic situation. The gal that can afford to buy a 19 thousand dollar watch, like this lady I serve often at the bar who owns her own chain of those loan company's, lol....

Stop an think about that. The numbers are way far an few between that can afford a five grand watch right now, which translates to a pretty decent vehicle if one shopped around enough. Much less 19 grand, are you freakin kiddin me, what a hunk of gold an diamonds....

An it seems like she got it at like Zales, wonder how much of a profit they turned on that little transaction?

She spent about four grand more on that watch, then I made bar-tending at her favorite restaurant last year, lol....

Again if silver hit 100 an oz., short of a major Industry spike in demand, which is a not if but when situation I feel anyway.....

The owner at the coinshop I deal at was telling me that he wouldn't be much of a buyer if silver gets in the $50-$60 range. He also mentioned that if it gets up that high again, his numismatic coins will be heavily discounted because people will coming in and only looking at the Junk Coins/Bullion. He figures if he doesn't discount the better stuff, it will never sell when/if then prices get up that high.

I agree with this statement too, but with a different reason in mind.

I have many friends in my local community. Lately, I have begun asking them again for their Mercury dimes and Morgans at a price of $30/ounce. Local pawn shops only offer $15/ounce. Next week will be busy for me and my digital scale as I have four appointments setup.

Forget about 'fancy' silver, use the current high price as an opportunity to diversify and helps those in your community that could use the extra cash for medical costs.

The "legal tender" face value of a one-ounce American Silver Eagle is One Dollar.
The "legal tender" face value of a one-ounce American Gold Eagle is Fifty Dollars.

Hmmm...