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 Replies: 72 / Views: 5,175 |
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Moderator
 United States
187446 Posts |
True, true, and true!  |
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Valued Member
United States
81 Posts |
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People need the money more than the silver. Ummm.... Silver is money, and for most of history (excepting the last several decades) always has been. I think of the value of the dollar as to how much silver or gold it can be traded for, not vice versa. Now when you have to pay bills, you do need some fiat. |
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Pillar of the Community
 United States
8723 Posts |
Quote: Morgan dollars (mainly what we have) are another story, and I won't be unloading those at spot prices. Same with the 21's? I have several 21's I have searched for better VAMs but have always hated the series, do not like the look of them.... I have thought hard about cashing those particular ladies out. -makecents-
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Pillar of the Community
United States
8723 Posts |
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Hang on to your silver, it has a long way to go. I hope you are correct, I have been hanging onto a lot of junk 90% for this reason. -makecents-
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Pillar of the Community
United States
3323 Posts |
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Same with the 21's? The 1921 Morgans are certainly the most produced and most prevalent these days. But they are still popular and, unless they are really worn, should still bring a slight premium over spot. If I were forced to liquidate, I may elect to unload the '21s at the going rate. The happy thing is, I don't currently see a situation where I'll be forced to do any liquidation. The future is always cloudy. The coins in my collection hold value. I obviously want to maximize returns, but some items have more value to ME. I don't personally use PMs as investment in my portfolio as some do, but I recognize their assigned values. I have been following this thread with interest and am ready to divest a lot of 90% when the time is right (if it ever becomes right...) "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Pillar of the Community
United States
2456 Posts |
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I copy and pasted this... a great read. I have read, watched & listened to exactly all of that again and again and it just keeps reading better every time I see it. i recently sold a wee bit of silver. not very much, just a wee bit. it was time for me to take a little profit & put it to good use, which I did, but I won't be selling more... not yet, anyway. |
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Pillar of the Community
United States
5821 Posts |
To be honest, I have no desire whatsoever to unload any of my Morgan or Peace dollars, even at the current silver value. I did sell off about $8000 worth of "junk" silver (mostly Mercury dimes in various conditions and really work Barber dime) back when silver hit $40 and I have a whole bunch of old Washington quarters that I'll probably try to unload at the next coin show I attend if silver is still up. In the mean time, my wife and I are seriously debating whether it's time to try and sell some of the pure silver bullion I bought years ago when silver was below $20/oz. I've got some 100-oz bars and a whole bunch of things like American Silver Eagles and Canadian Silver Maple leafs. We don't actually need the money right now or anything, but we'll feel pretty stupid if we don't sell and silver drops back down to $40 or below. |
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Pillar of the Community
United States
675 Posts |
I sold some end of last year, between Christmas and New Year's. Made a few hundred dollars, doubled my investment on some 40% and then some. Some of that profit was from roll hunt finds that I sold. I am happy  |
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Bedrock of the Community
United States
36415 Posts |
Khromtau, you did well. I'm not a 40% fan and would have done the same as you.
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Pillar of the Community
United States
675 Posts |
It wasn't all 40% ($13 face, $3 of that was roll hunt finds, and I think I paid $4.75/ coin for the rest), I had some junk 90% that I bought a couple years ago as well as some '64 Kennedy halves from roll hunting. Just to clarify myself.  |
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Moderator
United States
187446 Posts |
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we'll feel pretty stupid if we don't sell and silver drops back down to $40 or below. It will never get below $70 again.  |
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Pillar of the Community
United States
2637 Posts |
Played the GSR. Traded a 10 oz bar, 5 oz bar, 20 1 ounce rounds, and a dozen Canadian Olympic $10 for a 40 year old 1 oz gold panda.
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Pillar of the Community
United States
745 Posts |
I wont sell a single oz as everything I own is for my family for after I croak at which time the profit will be tax free as they will be inheritance. There are limits to actual reporting to the IRS otherwise but also requirements. Gold and ilver are tax'ed as "collectables" and the Govt. takes a big bite out of your arse on any profits you made. Usually almost 1/3'rd.
With silver so high its now easy to trigger the $10 K+ selling limit when the buyer has to send the IRS a form and you end up with a 1099 at tax time. With gold I think gold eagles are exempt since they are actually money too. A big reason the rich buy tubs of them. But I'm not a tax man so I'd consider all this before selling.
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Pillar of the Community
United States
554 Posts |
Silver spot prices just hit $100.
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Moderator
United States
187446 Posts |
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Silver spot prices just hit $100.  So, we ask the question again... Holding or selling?  |
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Replies: 72 / Views: 5,175 |
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Posted 01/08/2026 5:48 pm
