Would You Go For This Deal?

Current silver value: $2.63 + 2% = about $2.68

Buy 100 = $268.00, for an ASW of 14.79oz

Let's say silver gets hot, really hot, and hits $25 an ounce next month...

New melt = $3.695 - using the same ASW of 14.79oz, your 100 coins now have a silver melt value of $369.50.

Silver hasn't been near $25 in awhile, we got up to $21-$22...election year + brexit + the Fed + a lot of other things are causing lots of volatility in metals, and everything else.

So it's just a matter of deciding if you want to spend $270 or so now for a chance to make $370 later (at $25/oz) or more if it goes past that. Lately, it's been going backwards, so you could also end up with $200 worth later. To be honest, I don't think it's worth the trouble for such a small gain, especially with silver's performance lately. That's money tied up that could be working for you elsewhere. You've also got inflation working against you in the meantime, so that if silver does finally hit $25 again, the purchasing power of your $370 when you cash out will be less than the purchasing power of the $270 you invested up front.

Jaxenro, I love your reply! I personally wouldn't buy 40% halves. I've purchased in the past on large deals involving other coins, but I always paid less than their melt.

with the above re: 90%, much easier to resell if silver jumps and you decide to get out.

If you are buying any silver at spot plus a small premium, you are essentially buying silver bullion.

A commercial silver refiner would have to meet his refining costs, and still make a worthwhile profit, so he has to buy his silver at a greatly reduced price below the spot price.
That is his way for him (the refiner) of making the you pay his refining costs.

At 2% premium above the spot price? You loose, if you sell later on to a refiner.

If you want to collect 40% halves in bulk and keep them, probably an OK deal.
If you want to buy bullion silver?
The short answer is: NO

to the CCF!

and the little coin shop down the street from me was forever trying to sell 40% Kennedy halves for below spot and they just sat and sat. They have since closed but they had over $50 for a couple of months with no takers.
Stick to 90% at a small premium or .999 bullion coins.

The 1970 in the mint sets were still 40%, but yeah that seller is looking for a fool. 40% are for beginner collectors who need to acquire more oz. for less money, typically they sell for just under or for melt. Since silver coin and bar investment went from 50 million oz/year in 2006 to nearly 300 million oz./year in 2016 it's not hard to find buyers for them. Typically preppers go for these.
Also the post says 1965-70. Didn't they stop making 40% in 69? If there are 1970s mixed in then they would be clad and only worth .50

Why not just buy Silver bars?