New Haul Today!

Drooling party!

Wow - nice purchase Ed. When it comes to 90%, I tend to get the 1964 Kennedy's as I am from Dallas, TX. The Morgans/Peace dollars are also interesting and I would like a little stack of those pieces.

Are you going to open the rolls of halves, and put them into the bag?




Wow! That's amazing

Thanks for the congrats, guys. I appreciate that and pass them along to others who are adding to their stacks too.

Just remember, Hawk, that APMEX is a business that buys and sells PMs, so they must charge more than they pay to keep the doors open and the lights on. That said, the difference between what they charge and what they pay shrinks a lot in value when silver prices rise. Imagine that it is now 2020 and silver is about $200 an oz. Well, gee... maybe APMEX will ONLY pay me $180 per oz. for these coins. Heh heh... yeah, I CAN live with that!

You're right CW... just the sight of one of those boxes sets off my tingle alarm!



I like half dollars and dollars. The Kennedy halves are cheaper than the Walking Liberty and Franklin halves, so are a little better buy in terms of dollars per oz. of silver. I also have some quarters and dimes because they could be very useful for small change / purchases at some point in the future. The Statehood Quarters are great because they are all gorgeous proofs and they cost less than circulated Washington quarters. Lotta bang for the buck with them.



For now, the Statehood Quarters are in plastic tubes inside the bag. The halves are in plastic tubes too but just in the APMEX box on a shelf in my safe. I need some tubes for them. They are in $1 coin tubes now, which are too big for them but are all I have at the moment. Will be ordering some tubes that fit them better shortly. Yes, I will open them all and inspect the coins but will be wearing some cotton gloves for that. I like those coin bags but don't want to put any loose coins in there. The tubes offer better protection from air and from rubbing on each other.



Most of the tubes that the Statehood Quarters came in had state initials on them but I didn't pay much attention to that. I do not collect the states as a set and only bought these because I wanted some more 90% silver quarters and these are the highest quality / lowest price that APMEX has. You can see some of the states initials on the ends of a few of the tubes in the pic. Any that don't have these initials are probably mixed state tubes.

Hey Ed, I rarely sell to where I work, but like you said if I bought 100 oz. form them when silver is at 32 per oz., and then sold back to them when silver was 100 an oz., and they were gonna pay me REAL close to spot (something the public could not get that close to spot since I work there), so say like a buck back, yeah I as well would be more then fine with that pal, lol....

And like you said one huge key word OVERHEAD. Not easy for coin stores to stay in business in this NEW computer fast pace world. Coin shops, comic shops, DVD rental stores like Blockbuster, all OBSOLETE nearly. Bad economy, why go to Blockbuster an pay 4 bucks, even with a free 5th rental or something, when one can get a Red-box dvd for $1.25? Or Net-flix instant stream, or buy silver online for fair price, save gas an time, get two days later, all parties are happy.....

The businesses today with the best marketing an products ran by SMART competent people, verse the lowest overhead have the greatest chance to survive I figure.....

Do you think Provident or APMEX would still be in business today, if they had not kept up with the times, an upgrading at one point to selling online, doubt it.....

With that amount of silver you could make some serious trades between silver and gold to try and take advantage of a fluctuating GSR (gold-to-silver ratio). If you time things correctly you can increase your stack with little expense.

Hawk,

I'm more of a ebay buyer than a coin shop aficionado but the few pawn/coin shops in the area are doing poorly. And wait until the old-timers have cashed in their last chips. The closest coin shop to me doesn't do much ebay business and I think he may need to change his game plan if he wants to survive/thrive. Just a hunch, anyway.

OK, that sounds good. At a guess, I would say that this will happen sometime in April.



Probably not, Hawk, but then it is probably the Internet that makes these businesses possible.



They do cost a little more but it is not a huge amount more. I get a lot of pleasure from looking at my collection and if that costs a little more, then so be it. In most cases, the cost increase from circulated to BU coins is pretty reasonable unless the coins are old.

Today's APMEX prices show:

Kennedy avg circ = $274.66 per roll, 10 or more rolls
Kennedy BU = $282.29 per roll, 10 or more rolls

Sometimes it is cheaper to buy a $100 bag than to buy the same number of coins in rolls... but not always. We need to check and compare the prices to be sure.

One thing that continues to amaze me is that the prices of proof coins can vary a lot and can even be cheaper than some circulated coins on the same denomination. The proof Statehood Quarters are a great example. They are gorgeous coins, yet often cost less than circulated Washington quarters that don't look nearly as nice.