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What Coins To Buy For Silver Investing?

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 Posted 04/22/2011  12:50 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list
buy BU and proof 90% halves, quarters, and dimes. They can be had for melt nowadays with silver so high.
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 Posted 04/22/2011  1:10 pm  Show Profile   Bookmark this reply Add DavidZerbato to your friends list
If you're buying just for silver, then I would go with 1964 Kennedy halves, ASE (the bullion version) or junk silver (silver coins in bad shape). I would not go with Morgans unless you can get them for right around melt.
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 Posted 04/22/2011  1:12 pm  Show Profile   Bookmark this reply Add ayejay1974 to your friends list
What mkman123 said. Do some looking around, you can find BU items at melt if you look hard enough.
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 Posted 04/22/2011  5:13 pm  Show Profile   Bookmark this reply Add AlmostCollectible to your friends list
For investment purposes, ASE all the way.

Also if you want to invest long term, silver has already run up too high too fast, maybe wait for a pullback? (might have to wait a couple of years or more, but I'm just saying what I'd do.)
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 Posted 04/22/2011  7:10 pm  Show Profile   Bookmark this reply Add everything to your friends list
Put an ad on craigslist, but you better know what your doing, actually, don't put an add on craigslist. I also tell my family to sell me their stuff if they don't want it. I say, get it valued, then call me up and I'll buy it. Does anyone ever .. hang out at the coin & jewelry store? Probably a not good habit, but it's fun to watch people come in and sell stuff, usually they will let you look over it, and you can learn a little something sometimes. Right now these stores might be a little over run. I watched someone cash in a silverware set for over $1300. Lots of people are retiring, getting kicked to funeral homes, and estate sales, foreclosures, bankruptcy, gun sales, metal detectors, whatever, you never know what you'll find. I just had to buy something today, so I only bought the 2004 silver proof set. But, I also picked up an extra 2005s proof Buffalo nickel, even though it's not silver. Sometimes, they have a bargain bin, the one I was looking through today had silver quarters in it, although priced at 8 bucks a piece, at today's prices that's a little below melt, and I was not checking dates, assuming they were not key dates.
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 Posted 04/22/2011  7:18 pm  Show Profile   Bookmark this reply Add wischeese to your friends list

Quote:
For investment purposes, ASE all the way.


Why ASE's?
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 Posted 04/22/2011  8:08 pm  Show Profile   Bookmark this reply Add AlmostCollectible to your friends list
They are .999 silver, and they are beautiful, and, correct me if I am wrong, but I believe one can also use retirement money towards investing in ASEs. That's why I prefer them.
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 Posted 04/22/2011  8:48 pm  Show Profile   Bookmark this reply Add ayejay1974 to your friends list
Several forms of silver are IRA eligible. If generic bars are ISO certified, they are eligible. But Using an IRA for metals means a tax deduction, and someone else holding the metal for you. Buying your own physical means creating your own IRA, no tax deduction, and having physical possession of what is yours. I'll take the latter of the two.
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 Posted 04/22/2011  9:10 pm  Show Profile   Bookmark this reply Add acloco to your friends list
You only want to invest in silver? When silver is on the upswing?

I don't see the value on the return.

If you want to invest in something long term, within numismatics, invest in the highest grade key and semi key dates of whatever you like. That would be the best long term investment.
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 Posted 04/22/2011  9:19 pm  Show Profile   Bookmark this reply Add acloco to your friends list
Forgot - as the others mentioned, also the highest grade silver coin below melt value. But, playing on what the market is doing...can bite your investment.

I have ASE's that I will be selling shortly if the market continues as it has....and five AU/BU Morgans/Peace. I see no reason not to turn them into a nice Lincoln Cent that I don't own.

Traded an AG grade 1877 Indian cent many years ago for silver. Sat on the silver for 4 months, then bought a nice 1914 D and a super nice 11 S for my collection. Paid 10 cents for the 1877......
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 Posted 04/22/2011  9:29 pm  Show Profile   Bookmark this reply Add willy13 to your friends list

Quote:
buy BU and proof 90% halves, quarters, and dimes. They can be had for melt nowadays with silver so high.

I think I might try this approach. Thanks!
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 Posted 04/22/2011  9:32 pm  Show Profile   Bookmark this reply Add willy13 to your friends list
My biggest fear is not silver collapsing, but getting a china fake... I was going to use ebay but maybe I should just go to a local dealer for this reason...
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United States
493 Posts
 Posted 04/22/2011  9:51 pm  Show Profile   Bookmark this reply Add everything to your friends list
I've heard stories of people sitting on huge bars of silver, to much to inventory, some of these guys have been collecting since before they inherited who knows what. They don't always know what they've got, or what's it worth. They just know they've got one or two safes that are packed full of the metal or coins. This is also a good time to save your money up in case you want to buy a little gold. It just ticked up and will likely go a bit further. When the upticks hit, people start selling. Buy in small quantities if you can get a deal. Prices are so ridiculous right now, if you whine, the dealers will give you a break because they will still want to move coins. And, buy proofs, if you can, I bought my first PF 70 today. Also, I worked out a deal with a family member just recently.. regarding silver or gold coins, BU, nuggets, etc. whatever they've got, it's as good as the coin shop or ebay for sure.
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 Posted 04/23/2011  03:16 am  Show Profile   Bookmark this reply Add Ed_B to your friends list

Quote:
You only want to invest in silver? When silver is on the upswing?

I don't see the value on the return.


People have been saying that since silver rose above $15/oz. That was $32 ago. We are in a PM bull market. No one knows how far it will run but in investing, they say that "the trend is your friend" and right now, silver is VERY strong. If you are expecting fiscal sanity to return to DC anytime soon, then I would agree with you. If not, then buying $47 silver will look pretty smart when it goes to $75 or more. No guarantees, of course, but I would far rather bet on PMs right now than on the US dollar. But... to each their own. That's what makes horse races and markets!
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 Posted 04/24/2011  11:43 pm  Show Profile   Bookmark this reply Add hermanwilliams to your friends list
Yeah, find the coins in BU condition that are the same value as silver price. At this time you will be protecting your "investment" on two fronts. Numismatic and bullion.
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