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 Replies: 22 / Views: 4,308 |
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New Member
 United States
4 Posts |
@Rollhunter & Libertad:
You've both brought up a GREAT point - selling. I've assumed so far (based on what I've read and heard recommended) that the Walkers and other 90% silver coins should be easy to sell... but are there any gotchas or? My goal right now is investing in the metals (silver and gold) first, with a secondary concern about numismatics. I'm not trying to build a collection, so to speak, but looking to buy the metal now and sell it at some point in the future at a higher price. Are there basic rules for staying "liquid" in terms of Junk Silver (Walkers and other 90% coins)? Like I wonder if certain dealers will only buy in a certain quantity, etc.
@novillero - I'm under the impressing NGC is the best and generally reliable for basic gold numismatic purchases (e.g. St. Gaudens).
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New Member
United States
4 Posts |
As far as selling, I find pretty much all 90% to be easy to sell. Check around your local coin shops, pawn shops, jewelers, basically anyone that buys PMs and find out what they offer for junk and compare with internet values. (This will also give you a better idea what you should be buying at.) Some buy by a multiple of face value and others buy by weight. Finding out who does what will offer another avenue to exploit for profit or at the very least help you get the best deal for your junk.
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Pillar of the Community
United States
1882 Posts |
Quote:
If you've been following gold in the last couple of months, you'd see a zigzag pattern, from 1200, to 1240ish, back down to 1200, and below to 1170, then back up to 1190s. Silver, on the other hand, hasn't dipped below 15-16 in a while, and really hasn't broken 20 either for a bit, ranging from high 17s to low 19s if lucky. Which means gold has been trading in a tighter range than silver. I didn't look at any charts, and assumed a $1.50 range for silver, a swing of over 8%. Not sure what, if any, conclusion can be drawn from that. |
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Bedrock of the Community
United States
10982 Posts |
Quote:
Are there basic rules for staying "liquid" in terms of Junk Silver (Walkers and other 90% coins)? Like I wonder if certain dealers will only buy in a certain quantity, etc.
All 90% is liquid but I prefer halves. Watch out for heavily worn "slicks" which are underweight. If the condition of the coin is below G04, you can be sure it's underweight. Some people will not want "slicks". Many dealers only want "roll" quantities and large dealers often have a minimum dollar amount (i.e. $500) to make a buy. Also remember that 90% silver is calculated using the 0.715 multiplier. Face Value X 0.715 X Spot Price = Total Value. Good Luck! |
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Pillar of the Community
United States
573 Posts |
One thing about silver - there is plenty of circumstantial evidence that shows corporations and governments manipulating the price of silver to keep it low. The historical gold/silver price ratio is way out of whack. I believe that historically it's been around 15/1, but right now it's 65/1.
Some of these companies have way more silver obligations on paper than what they have available in physical inventory. People are wising up to the fragility of the Federal Reserve Note system and starting to demand their physical silver be delivered to them.
There is also evidence that these silver manipulation entities are getting close to losing control of the price of silver. If/when that happens, you will either see some major companies going out of business, or (if they are "too big to fail") receiving another government bailout. Either way, the price of silver could bounce back in line with the historical ratio.
But what do I know? I'm just a lysdexic English major working for an accounting department. I have seen counter arguments to the scenario outlined above. Who's really right? Please do your own research.
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Valued Member
United States
61 Posts |
all good information regarding 90%. I would only add that a silver half dollar has slightly more silver in it than two quarters or 5 dimes, so if you can get halves for the same price you may want to purchase those. I know that wholesale they can receive .2 x face premium (12.7 vs. 12.5, for example). And I agree with Stjoeblues, but my suggestion would be to hold both gold and silver just in case. I too would hold physical gold and silver over ETFs for a long term holding. Short term I'd hold the ETFs due to the smaller buy/sell spread, since I don't see the reality noted above coming in the short term.
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Valued Member
United States
258 Posts |
I love 90% silver bullion aka "junk" silver. Just learn how to value it using multiples. Currently the going rate is about 12.5 times face and dealers are buying at 11 times face. I am getting between 13.5 and 15 times face for my stuff on ebay. 90% silver is very liquid and is a great way to protect you from inflation. Remember my opinion is that the price of gold and silver are not going up. Instead the value of the paper fiat currency is going down. You can also find numismatic coins in bullion although it is not guaranteed. I like Mercury dimes and the Walking Liberty halves for potential numismatic finds. Best wishes on your searches! Sincerely, John Leckrone |
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Replies: 22 / Views: 4,308 |
First Page
Posted 08/05/2010 4:12 pm
