| Author |
 Replies: 28 / Views: 2,968 |
Page 2 of 2
|
|
|
|
Bedrock of the Community
Canada
10743 Posts |
Quote:
I like old 90% silver coins. Me too! Keep 'em..  |
|
Pillar of the Community
 United States
2130 Posts |
Quote:
Are there any shipping costs or taxes involved? No, It's a local person. Maybe 10-15 ride. Basically a meet & greet. Quote:
I like old 90% silver coins. If I make the deal. I will be trading Rosie dimes, Wash quarters, & Ben halves. Nothing older than 1932. |
|
Bedrock of the Community
13014 Posts |
Quote:
If I make the deal. I will be trading Rosie dimes, Wash quarters, & Ben halves. Nothing older than 1932. Id maybe consider the dimes. The quarters though and especially the halfs Id rather have |
|
Bedrock of the Community
United States
11951 Posts |
I would figure out which would give me the most money, if you were going to sell.
You would have to decide on where you would sell them.
If it was a local coin shop, find out what they would pay for
the silver rounds and what for the 90%
Then I would take which ever is highest.
|
|
Bedrock of the Community
United States
20753 Posts |
I don't know the details of the deal but I say keep what you have. Mostly because you already know what you have. after such a deal, you may or may not know what your have.
Are they real? Is there shipping charges? Insurance charges? Lost in mail situations? If I were you I'd stick with what I know, not what may or may not be.
|
|
Valued Member
United States
329 Posts |
I vote to to split! I would keep the halves split out some quarters and dimes for some rounds. Nothing wrong with some diversification. I think value wise they will both stay in the near spot bAllpark and down the road perhaps they will help you with another deal :)
|
|
Pillar of the Community
United States
2541 Posts |
I just prefer the coins since I like the historical aspect. I find bullion a little boring...
|
|
Pillar of the Community
United States
2130 Posts |
Ok, I contacted my LCS & w/ spot at $21.91, they are paying $14.60 for 90% {melt is $15.65 per $1.00} & paying $.50 below spot for .999. Any thoughts?
|
|
Pillar of the Community
United States
919 Posts |
I would check with another store. The store I work with pays melt for 90% and the next buyer covers the premium. At the listed prices you would be better off with the bullion (today). I can't say down the road though. There was a time when 90% sold at a premium to melt and generics didn't. If you are making the trade I assume it is not to just sell it right away.
|
|
Bedrock of the Community
United States
11951 Posts |
Based on those numbers the .999 would be best. Those numbers are little different than my LCS. Unless the .999 are ASE's. If I remember right $1.35 of 90%, is what it takes to get 1oz of silver. |
|
Pillar of the Community
United States
1599 Posts |
I would be reluctant because of the GENERIC rounds. Like some others, I might consider the deal for ASE's, however, I do like the silver classics. |
|
Rest in Peace
United States
2668 Posts |
|
|
Pillar of the Community
United States
1314 Posts |
I may have misunderstood, so let me take a second shot.
In terms of metal melt value....
ASW is Actual Silver Weight. Not coin weight.
Nine ounces of 100% bullion has the same amount of silver as 10 ounces of 90% silver coin.
Coins offer the 10% bonus in copper.
Coins offer the better deal for melt value. Authenticity is seldom questioned, and assaying in not necessary.
However, If your dealer is offering 1986 ASL's in MS70 it would change the scenario. Novelty bars won't.
I admire that you ask "What should I do?" in preference to "Did I make a good deal?
Thanks for the opportunity to express my opinion.
Best luck whatever you choose.
|
|
Pillar of the Community
United States
2130 Posts |
So, I did contact another local LCS & was told pretty much the same numbers. I will contact APMEX today. Quote:
Coins offer the 10% bonus in copper I understand that, but, you don't see that 10% copper when you decide to sell. The LCS's are offering more under spot/melt for .999 than they are for 90%. It sounds like a no brainer. |
|
Pillar of the Community
United States
2130 Posts |
Quote:
I may have misunderstood, so let me take a second shot.
I did some math, Here is what I came up with as far as figures at today's spot, I used Ben. Halves to simplify it.
Bens $42 face = 30.3825 toz = $647.75
Copper ratio = 2.53 toz = $ 8.28
LSC buy for 90% $42 face = 30.3825 toz = $603.65
LSC buy for .999 -$.50 of melt = 30.3825 toz = $631.84
APMEX buy for 90% $42 face = $660.66
APMEX buy for .999 30.3825 toz = $652.01
But, w/ APMEX I need to calculate shipping & insurance.
Let me know your thoughts. Thank You.
Edited by chris12018
10/13/2013 09:42 am
|
|
Page 2 of 2
|
Replies: 28 / Views: 2,968 |
Page 2 of 2
|
First Page
Posted 10/09/2013 06:23 am
