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 Replies: 21 / Views: 3,746 |
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Pillar of the Community
United States
4846 Posts |
i have like, no silver so if I find any, into the general coin collection it goes!
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Valued Member
United States
278 Posts |
I too am increasingly pessimistic on the USD and for that reason, hoard silver. Anything shipped to me at current melt, and I am a buyer.
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Pillar of the Community
United States
2734 Posts |
I tend to buy Morgans just above the 'common date' range, as 'numismatic bullion'. Ex: $40 Morgans, instead of $20 common-dates. If silver tanks, they'd still have some collector premium. (unlike common A.S.E.'s, silver bars/rounds, etc.) If silver goes above $50/oz., then I'll have a lot of slightly better date/mintmark Morgans acquired for what would by then be 'melt value'. (at $50/oz, common date Morgans would be worth $38.67!) This is a 'hedge bet' strategy, playing on both numismatic and bullion values. The Morgans I buy can still benefit from an increase in bullion value. If I bought an 1893-S, its bullion value doesn't even enter into the equation! ( although, it would still be a high value coin even if space aliens handed out free silver bars to all U.S. citizens!) The best silver is still (of course) any 'junk silver' you're lucky enough to get for face value!  Edited by DNA
03/03/2010 9:18 pm
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New Member
United States
17 Posts |
I stack silver and try to hedge my investment when possible by buying a bullion coin with numismatic potential. When it comes to the numismatic side of the coin, so to speak, I consider myself a newbie, despite collecting a fair amount of coins as a youngster. I'm trying to learn.
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Valued Member
United States
467 Posts |
I buy mainly Bullion below $17 and $20 Morgans above $17... Been doing this week in and week out, every week for 2 yrs now... It has worked very well. :)
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Bedrock of the Community
United States
20753 Posts |
Quote:
I only "stock" and "hoard" silver (coins) ......never sold a coin....don't ever want to.... at least until I'm in my late 60's.
And then WHAT? Just because you get into the 60's you know that is still young or at least to me. I wonder what the Lone Ranger would be doing with all his Silver bullets today? And there really should be a lot more warewolves around since it takes Silver to kill them you know.   |
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Pillar of the Community
United States
2734 Posts |
You know you're a 'Silver Bug' when you watch "Underworld", and you smile when the silver bullets drop from a shot 'Lycan' (werewolf), because the spent casings make the correct silver 'ping' sounds when they hit the hard floor.  Yes, the Lone Ranger and the werewolf-hunting vampires in "Underworld" would find firing silver bullets to be a costly habit nowadays!  Edited by DNA
03/04/2010 8:43 pm
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Pillar of the Community
United States
1409 Posts |
I love reading these replies. I plan to keep buying as much "junk" silver as I can as well, I've landed some pretty decent lots. Example, a lot of nickels I plucked last week had 40 War Nickels in it along with 42 Buffs and 1 V nickel. I paid $25 for the whole shebang. Melt alone is over that on just the war nicks. I search $500 in halves a week. Will do so from here forward along with buying other loose or customer rolls when I hit other banks. |
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Pillar of the Community
United States
4333 Posts |
I stack 90% silver and try to concentrate on halves; they always carry a slight premium over dimes and quarters. Been doing it for about 3 years now. Just sold $200 face in 40% halves, only because they take up too much space, and I was able to get almost $2.50 ea at a show. Used the profit to buy 3 rolls of walkers and several nice bust and Seated halves for the collection. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
1409 Posts |
Fist - that was an excellent manuever! Congrats on the trade up.
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Rest in Peace
United States
4849 Posts |
Lately, I've been purchasing junk lots of Standing Liberty quarters at melt or a hair above. I've pulled several keys that will go into my collection, or be sold for profit; and stacking most of the rest. I've got about 30 ounces of silver in SLQs right now. :-) |
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Pillar of the Community
United States
1409 Posts |
Funny you mention that. I had 10 arrive in the mail today. 2 were 1917 (dateless) type 1, S mints in AG condition. There were also three more type 1's, all 17's. The other 5........no idea. I paid $34 for the 10.....shipped.
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Pillar of the Community
United States
2541 Posts |
I have kept all the 40% and 90% halves I have found from roll hunting. I've also started buy 10 silver quarters at a time from coin shops/shows. I plan on stockpiling some of it. I'm not overly pessimistic, but I am a hoarder. I will probably be on that A&E show in 10 years, except I will be buried in silver coins instead of garbage like some of them!
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Rest in Peace
United States
4849 Posts |
Nice afcop. Thanks. Yeah, out of 200 slqs(average $3.00 a piece or so), I found TWO(yes two) 1921 slqs in problem free G-VG condition, a damaged 1927-s in VG, a 1920-d in VG(scratched a bit), 1917-s type 2 w/full date problem free, 1924 full date XF problem free, 30-s XF, 13 type I slqs(all 1917 unfortunately), and most of the other coins from 1925-1930 with full dates. I've had so much luck with slq junk lots, I'm hooked.
However, the KING slq find came from NOD.....a dateless 1916 he paid 2 bucks and change for.
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Pillar of the Community
Canada
3692 Posts |
I got a few ounces set aside to buy propane, oxygen, food, and any other necessities for when the mud hits the proverbial fan. What I don't have though is ASEs. Not a single one. One day..
Edited by Libertad
03/11/2010 12:46 pm
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Posted 03/03/2010 4:49 pm
