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 Replies: 19 / Views: 2,768 |
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Valued Member
United States
112 Posts |
I am looking to enter the silver market through 90% "junk" and ASE bullion as well. I too am waiting out to extend my network to find the, so far, elusive at spot/below spot prices. I only wonder the condition I should expect at minimum when I pay spot or slightly above on an ASE? Also, at what condition/rarity I can expect to pay a $10 premium or more? Thanks |
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Pillar of the Community
United States
1200 Posts |
@berk-- On your thought that "... I'd prefer to do it "right" the first time and not make purchases I would rather have done differently later..."
Good luck with that one. Everybody has wrestled with that one, and I don't know if any have won that match. I think winning it would require many years worth of knowledge before making your first purchase and then personal goals, tastes, preferences and market conditions that remain forever unchanging from that time on in order to win that particular match.
Give it lots of study, research and homework (like you're obviously already doing) and give it your best shot. But--don't get too totally hung up on the "getting it right (i.e: perfect) the first time" (and then every time after that, too) thing or it'll drive you crazy in the head and take all the fun out of the whole thing.
I think everybody who rides falls off the bike and gets a little scraped up and dirty every now and then.
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Pillar of the Community
United States
919 Posts |
throwback, thanks for clearing that up. I thought you were currently having luck finding a lot of Silver Dollars for spot. That made me think the $30 I just paid for each (when spot was $26 per coin) was a rip off.
I know others collect silver dollars as numistics but I'm only after the silver. To me these are just another form of 90%. Someday I might lower my grade requirement and find coins at spot. For now I keep trying to put together rolls with 7.2 oz of silver(halves) and 15.4 oz (Dollars). I would probably get a deal if I took worn coins.
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Pillar of the Community
United States
4333 Posts |
My LCS sells ASE's and silver dollars at $5 over spot, he gets rid of them fast. He usually charges about 5% or higher over for 90%, and buys at about 70% spot. I jump in when he's not there and the girls are running the show, If I get 90% at spot I'm doing good. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
200 Posts |
Keep on lookout for good deals locally. In my experience, it has been very easy to get 90% coinage at spot or slightly below spot. I also buy foreign countries .999 or sterling silver if I find something below melt. It adds to variation in my collection, and it always has the inherent silver value.
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Valued Member
 United States
148 Posts |
Sorry, I didn't mean to start a second thread about 90% when one was already going.
I would assume most of the veterans have a process of making regular purchases, and they've probably been at it a long time so they don't actively think out what they're doing they just do it.
Example: If I'm looking to buy I first look for XYZ, If I don't see that I might look for ABC, If neither is happening I'll settle on paying a fair price for HIJKLMN.
I hope I'm making sense.
A future great thread might be "Newbies - when you see ________ it's a good deal, jump on it"
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Pillar of the Community
Canada
1723 Posts |
@ BERK HEHE...thats a great idea! Have a little note unter the spot charts or something.  |
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Valued Member
United States
112 Posts |
This would be fantastic! I second it as a good idea.
It has been tricky as a beginner to balance my desire to purchase and but to be cautious to not get a bad deal or worse.
This thread would be especially great if it included great deals based off different quality!
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Pillar of the Community
United States
3670 Posts |
I don't mind the reptitive questions and threads as the smarts ones all ask mostly the same questions....
I have been around PMs for JUST a few years now, but long enough to see many come and go, and a few of the good ones keep right on posting and sharing information....
There is an entire data base of information at most of all our finger tips either here or where ever you commonly go on the internet. Just gotta want to invest the time and money first, then everything else in time falls into place.....
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Pillar of the Community
United States
3670 Posts |
As to the original topic, I go after either Morgans or Peace dollars ONLY, and don't waste my time with quarters dimes or halves, even though I appreciate many from a numismatic view point, Merc dimes, Kennedy's, and Franklins my other favs, as well as the 1892-93 comm halves and the 1925 Stone mountain half, all of which I will buy at the drop of hat if price is right.... A fair price for them in my mind from a sellers stand point is 16 to 32 dollars on up to XF, and near AU or better spot or however far beyond for Morgans or Peace dollars with Morgans carring a slight premium over Peace dollars. And depending on date and mint mark that number could climb into the 1000's if not even possibly six figures.... Edited by Silverhawk74
12/06/2012 11:11 pm
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Valued Member
United States
148 Posts |
Thanks Silverhawk, I figured dollars slightly over spot were something a newbie can't screw up and would never have to feel bad about buying. That's the type of response I'm looking for. What are other things that are low-risk that if I can't get a good deal, I'll at least feel good about buying years in the future at an o.k. or fair deal?
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Pillar of the Community
United States
3670 Posts |
If you are getting dollars close to spot you are doing well(there are 3 QUARTERS OZ. OF SILVER PER COIN as halves, dimes, and quarters are .715 silver content where dollars are like .752) and they are just good to feel in hand, and I KNOW other numismatic silver lovers feel the same way.... Many collectors only buy MORGANS, they rule IMO.... History, cool design, many tough dates from either D Denver, CC Carson city, P Philly, S San Francisco, or O for New Orleans. That alone is a lot to learn and study, don't even get me started on rare error versions and such or PCGS or NGC, the two that matter the most.... To me a nice Morgan can bring way more then one ASE, and has a quarter oz. LESS silver. That alone makes them worth it.... Another words you can look at a nice AU roll of Morgans at 15.5 oz. as a roll of ASE at 20 oz. of pure silver, maybe even get more again per coin and with the dates and mint marks again, maybe way beyond the cost of an entire roll for one coin, lol.... Edited by Silverhawk74
12/06/2012 11:40 pm
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Pillar of the Community
United States
4008 Posts |
Hawk... US 90% silver coinage has the following silver content: dimes = 0.07234 oz.; quarters = 0.1808 oz.; halves = 0.3617 oz.; dollars = 0.7734 oz.
Oddly enough, $1 worth of dimes, quarters, and halves all contain the same weight of silver but dollars contain a bit more than that.
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Pillar of the Community
United States
863 Posts |
You can find deals for everhything if you look hard enough. I just bought 6 ASEs for 180. this was when silver was around 34 an ounce.
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Pillar of the Community
United States
4008 Posts |
Yes, you can. It's just a matter of time, money, and desire.  |
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Replies: 19 / Views: 2,768 |
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Posted 12/06/2012 12:28 pm
