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Hind Sight Is Always 20/20. Silver Prices And Collecting

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Pillar of the Community
United States
3184 Posts
 Posted 04/25/2011  8:25 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
wish there was a time machine for me to travel back in time!
Pillar of the Community
paleoguy45's Avatar
United States
2936 Posts
 Posted 04/25/2011  8:29 pm  Show Profile   Bookmark this reply Add paleoguy45 to your friends list Get a Link to this Reply
For one of the very few times in my collecting life, I did the right thing at the right time. I got a wild hair and started buying silver bars in March of last year. Recently I sold enough of them to fill out my Lincoln set (1909S VDB in VF, 1922 No Date (Strong Reverse) in VF-20), and my set of Buffs with a 18/7-D at F-15. Yes Virginia - there is a Santa Claus!!

Rest in Peace
johnny54321's Avatar
United States
4849 Posts
 Posted 04/25/2011  10:08 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
Way to go Paleo!
Pillar of the Community
acloco's Avatar
United States
3540 Posts
 Posted 04/25/2011  10:42 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
Good for you Paleo. Glad a collector is making out on this market.
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 04/25/2011  11:12 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Chadwick: I dunno if you did wrong. It is obvious to me that a lot of people are going to get burnt with hot silver. Just have fun with what you are currently doing.

25 years ago, it was obvious to me that banknotes would be the way to go. I wasn't interested at the time, despite what I could FOREsee. Banknotes since then have proven to be a very stable and satisfying investment on a continuous basis.

I stuck with ancients and World coins, and I am glad I did. The value of numismatic study is far greater to me than the return from bullion investment.

I have accidentally acquired a significant amount of bullion over the years, and I still have no VITAL interest in it. I might sell it some day. I might gain a lot, or not much. So what? I watch the bullion charts occasionally, and make comments. That's fun.
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 04/26/2011  11:55 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
the funny thing about the silver prices is that the Morgans in the condition I am looking for have actually gone down in price in the last year or so. A year ago a 1878 Morgan in MS-65 would bring anywhere from 1000-1100 bucks now I have seen them with a BIN of $870.00 and not sell. MS-64 1878 was about $250.00 or sometimes more and now they are under $200.00.

Possibly so much money is being diverted to silver bullion that demand has declined. Or possibly coins are being sold to raise cash to buy bullion resulting in increased supply
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