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Replies: 77 / Views: 6,164 |
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Valued Member
United States
273 Posts |
In hindsight and since it has generally been an up market, it seems always a good idea to trade versus outright selling. I look back at giving up 70 Kennedy halves in early 2023 for $595. It would be just an annoying memory but I did use the proceeds towards a krugerrand. Doing it at a LCS, you're hoping for as close to spot for both the buy and sell.
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Pillar of the Community
United States
2424 Posts |
yes - I am saving for that CC again LOL... hmm. it got me thinking - back in 2011 before kids - I was able to pick through UNC Franklin half dollars and completed a set and put them in a DANSCO. looking back, I had recored what I paid - mostly around $20-30 for each coin. some have close to FBL but I doubt any would get that distinction. but, it got me thinking - should I take those coins in to see if I could convert those to a CC or a better coin - or should I leave my UNC franklins alone and keep them in the album?
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Pillar of the Community
 United States
7529 Posts |
Quote:yes - I am saving for that CC again LOL... hmm. it got me thinking - back in 2011 before kids - I was able to pick through UNC Franklin half dollars and completed a set and put them in a DANSCO. looking back, I had recored what I paid - mostly around $20-30 for each coin. some have close to FBL but I doubt any would get that distinction. but, it got me thinking - should I take those coins in to see if I could convert those to a CC or a better coin - or should I leave my UNC franklins alone and keep them in the album? I don't quite understand what you are asking, to me it makes no sense. Melt is about 13 bucks per coin right now and you probably won't get enough beyond that most places in my opinion to make up what you have in them. That being said, I do not collect in the same way you do, so I could be wrong but I say hold onto them. You should do what you did before and find a better conversion to get your CC Morgan, not take a big loss, just my opinion though and we all have them. 
-makecents-
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Bedrock of the Community
 United States
20696 Posts |
Quote: should I take those coins in to see if I could convert those to a CC or a better coin You would get a much better price selling them here on the CCF than you would ever get from your LCS. Bank that cash and look for a quality CC MSD from reputable online auctions or sellers.
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
 United States
632 Posts |
Quote: You would get a much better price selling them here on the CCF than you would ever get from your LCS. Bank that cash and look for a quality CC MSD from reputable online auctions or sellers. Yep, when you see "CC" on the reverse on a Mint state MSD it definitely turns heads. 
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Moderator
 United States
171036 Posts |
Quote: Yep, when you see "CC" on the reverse on a Mint state MSD it definitely turns heads. 
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Pillar of the Community
 United States
632 Posts |
$38.24 now ? Wow! OTW to $40 by the end of the year. Or more.
Silver has been consistently undervalued. Ive been saying it all year long but its also been pretty obvious so I have no claim to a crystal ball. This cant be attributed to tariffs because there are none on it. Production is part of the answer because demand has been greater then it for years, yet, there also been a steady, safe supply.
Silver is the metal that will be critical for the next generation of technological growth. An era were already in.
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Pillar of the Community
 United States
632 Posts |
Gold/Silver ratio down to 87 from a high of 105.
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Moderator
 United States
171036 Posts |
A long, long way from 16 to 1. 
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Pillar of the Community
 United States
7529 Posts |
I think it will reach it's all time high again before year end.
-makecents-
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Bedrock of the Community
United States
34628 Posts |
Dealers have been sending 90% silver coins to refiners because they've been so cheap. I've been swapping gold for those the past several weeks.
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Moderator
 United States
171036 Posts |
Quote: I think it will reach it's all time high again before year end. 
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Pillar of the Community
 United States
632 Posts |
Quote: A long, long way from 16 to 1 Yes but the way Ive been seeing it at least is, even more importantly then the ratio, is the law of supply and demand. Demand has been outstripping production now for its 4'th straight year with silver just becoming more critical in Industrial and high technology production. As well the interest in the metal in other uses including cultural importance, jewelry, private investment..... Add to this that while there is a lot of silver in the earth ramping up or opening for more production is not as simple as, say, pumping more oil. Theres a lot of futures investment and regulations involved. Its a slow process. So I'm not surprised by the steady increase in silver prices and I'm still a believer even at $39+. Maybe I'm wrong since I'm no expert but we'll see.
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Moderator
 United States
171036 Posts |
Quote: Yes but the way Ive been seeing it at least is, even more importantly then the ratio, is the law of supply and demand. True. I was just referencing something from the progressive era.
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Pillar of the Community
 United States
632 Posts |
$38.53 currently as silver continues to stay above the $38 mark, rather stubbornly I'd say.
Technology marches on. At an exponential rate indeed. 5G, A.I., super computers,Batteries, high tech satellites by the hundreds launched all the time, solar tech, automobiles, and on it goes.
Boy from 1993 thru 2004 it stayed roughly $4 to $7 an oz. If only ?
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Replies: 77 / Views: 6,164 |
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