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Bedrock of the Community
United States
10284 Posts |
I voted early next year. I would dump at $40.00 personally. That has been a good number the last time it happened in the late 70's. Then Silver went way way way down. They are still mining silver, I think there is plenty in the ground. I wonder if common coins get melted or if they just get passed around in bulk rolls and bags when this happens? If they do melt them, some of the very high mintage silver content coins might be under rated as far as availability goes when the price comes back down again. I think I would hang onto some of the common high grade War nicks, Roosevelt and Washington quarters. Probably unc 1964 and 40% Kennedy's will be harder to find as well. Edited by TNG
10/10/2009 09:01 am
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Pillar of the Community
United States
1840 Posts |
It really depends on what the dollar does during that period. I said next year some time.
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Pillar of the Community
United States
2269 Posts |
I definitely think silver will break the $20.00 mark sometime in January.
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Moderator
 United States
16679 Posts |
With all the uncertainty and inflation continuing to rise, very soon.
swcoin.ecrater.com
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Valued Member
United States
371 Posts |
When I went to my Coin Club's Meeting several days ago, A man there told me that Silver would go up to around $18 Dollars. If silver goes to $20 and beyond, I will sell some bulk.
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Pillar of the Community
 United States
3294 Posts |
I think I will hold on to my 40% JFKs and 35% nickels until $25, but I intend to keep the 90% coins for a long time.
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Pillar of the Community
United States
1055 Posts |
Yesterday!  I sold 10 ounces of silver on ebay yesterday for $207.50! |
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Pillar of the Community
United States
3294 Posts |
Did you get above spot after factoring in shipping and feepal and ebay's cut? |
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Pillar of the Community
United States
1055 Posts |
Oh..Nod... I just looked at the final value fee  For a final value of $207.50 I was charged $18.16 final value fee! Plus $6.50 paypal fee. That is INSANE! I didn't realize how much I was paying in fees (They must of tripled since I last looked at them), no wonder BIN prices have increased on eaby!  In the end I netted $182 which is a little above spot. I had the same coins for sale here on the forum for 3 months my price was $185 shipped and they didn't sell. So I guess I ended up getting that price on ebay after fees.  $20 in fees for a $200 listing. That is CRAZY! |
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Pillar of the Community
 United States
5953 Posts |
cownas22 did you factor in the insertion fees as well  |
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Pillar of the Community
United States
1055 Posts |
The insertion fee was "FREE", (I started it at $.99 with no reserve.) I guess they can pass up on the $.35 insertion fee when charging out the roof on final value. I guess selling a double eagle would cost you close to $150 in final value fees!!  |
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Valued Member
United States
171 Posts |
Who knows, my man, who knows? It'll happen when it happens. I think soon, probably VERY soon. - coincrazed
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Valued Member
United States
372 Posts |
I hope it doesn't hit $20 until after April. I would be screwed if it was before since I can't do anything with my silver since I'm in Iraq and everything I have is back home! I would happily dump everything I have, which isn't terribly much, but around $100 face and about 10 ounces bullion.
Mike
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Pillar of the Community
United States
532 Posts |
Silver just broke officially into the 18.XX range. My money is on pushing up or down by a whole dollar within the week from its current position. This kind of rapid movement always sparks a push.
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Pillar of the Community
United States
628 Posts |
My GUESS? It might get to $20 this year, most likely won't. Next year, march/april, it will hover around $13, good time to buy. Later next year, sept/oct, it will be high again.
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Replies: 17 / Views: 3,750 |
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Posted 10/10/2009 09:37 am
