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 Replies: 15 / Views: 2,443 |
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Valued Member
United States
385 Posts |
many experts believe that pure silver is the way to go due to its ability to be easily recognized and for the purposes of industrial applications.
Now, I'm a really poor college student, will tell you that I have 44 dollars in my checking account, and around $200 in junk 90% silver (most of them are Franklins that I found CHRing). would it be a good idea for me to sell all of them now? Please let me know, I really appreciate your help :)
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Bedrock of the Community
United States
36780 Posts |
Personal preference. I for one like 90% halves and ASE's better than rounds and bars. |
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Pillar of the Community
United States
759 Posts |
You'd get less than spot for the Franklins, then have to pay ask for .999, then receive bid if you ever have to sell. Personally, I wouldn't incur those extra 2 rounds of transaction costs. However, since you're questioning things right now, it may be appropriate for you to cash in some of the Franklins to buy .999 and then enjoy both worlds.
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Pillar of the Community
1283 Posts |
.999 and ASE are the cream of the crop here in the USA. |
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Bedrock of the Community
United States
10982 Posts |
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Bedrock of the Community
United States
36780 Posts |
If you are in need of cash you have no choice but to sell. If you plan on staying in silver, keep the Franklins and add bars on the next buy. There is no way I would sell Franklins now to put that same money in .999 of any shape. You will take a hit on the sell side of 90% and then pay the premium for the buy side of .999.
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Pillar of the Community
United States
808 Posts |
The ASE's and SML's are beautiful silver bullion coins. I own both and I love 'em. HOWEVER... When money's tight, don't hesitate to stick with 90% silver! IMHO, it's the single smartest and most cost effective way to slowly build a silver stack on a shoestring budget. |
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Pillar of the Community
Canada
1723 Posts |
I agree with coinwatch and the 90% take. I've been loading up on junk silver for a few months now. I will turn it into .999 bullion at some point, but not until silver starts a good consistent upward climb. I wouldn't sell right now....not while the market is cooled off. Wait for the excitement to kick in, that's when you know its time. Cheers!
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Pillar of the Community
United States
1454 Posts |
You'd be better off buying rather than selling. Wait until silver goes back up. You'd be selling near 52-week lows.
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Valued Member
Canada
178 Posts |
90%, 999 and 9999 are like blonds, brunets and redheads... I like them all!
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Pillar of the Community
1283 Posts |
I will certainly buy 90% but only if it is 90% or lower in relation to the spot number. Now obi if they are AU or better they get put aside into my collection. I have a few nice rolls I keep a nice BU roll of 62's and an awesome 1964 proof roll. I also put aside all 1964 kennedy's as he was my mom's favorite prez, wonder why lol.
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Valued Member
United States
272 Posts |
I like ASEs / bars for stacking. I find that I don't like selling the 90%ers.
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Pillar of the Community
United States
3294 Posts |
I much prefer 90%. I don't understand paying a premium on things like ASEs when you can get the 90% for a better price. And because I doubt very much I am alone in this line of thinking, I am dubious about being able to recoup the premium when I go to sell.
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Pillar of the Community
Japan
666 Posts |
I like silver ... especially the one I can get way below spot
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Pillar of the Community
Mexico
1304 Posts |
Regardless of the market if you don't have the BUDGET, you can't afford to pay premiums needed to convert 90% into 99.9%. If you are stacking, 90% stacks just as well as 99.9%. (Plus you get the 10% in copper for free!) Save the money spent on premiums and spend it on making the stack a little taller or improving your diet. (Too much top ramen noodles isn't good for poor college students! A good diet will keep you alive longer than 90% vs 99.9%.)
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Pillar of the Community
Japan
666 Posts |
Just noticed ... if you are student - invest in your education!
forget about anything else ... just one word makes things happen - EDUCATION!!
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Replies: 15 / Views: 2,443 |
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Posted 06/26/2012 9:14 pm
