What Happens To The Price Of The Other Coins?

A local dealer is paying $1.20 per hundred for copper cents, and turning them on ebay for $1.50-1.70. As I've shown, the money is in turning them, not holding them, even if copper prices go down. No different than stock or real estate--the brokers encourage people to buy and sell, because they make money either way.

If you don't want to fiddle around searching to make kaughy money, or don't want people to know about your coins, then turning is not for you. Let's say you were going to put $10,000 in savings for some long-term need. Does it really matter whether you have the money in a bank account or a pile of cents? Either has risks, but the cents are guaranteed to be worth $10,000.

At coin shows many dealers are no longer buying Silver or Gold. Many suspect the metals value crash is soon to come. And when it does, and they say it will, to many will be stuck with large quantites of what used to be way up there in prices.
A stock market person I know told me to sell any Silver now since he too expects the metals crash to be coming soon.

The run up of Silver, gold, and other commodities is a reflection of the weak dollar. This country is in bad shape and those 2 metals represent the fall of the dollar and people's fear. If and when the dollar turns and goes higher as well as our government dealing with
the debt issue, yeah right, these metal values will drop. WHo know when. Just be careful and don't load the boat up here. It pays ot always
trickle out or flip on the way up and accumulate on the way down. Buy low, sell high. It works. I sold another $50 in face over the weekend at
32.5 times. Good luck.

Ha...well look like someone beat me to it by 2 minutes..lol good point monkey! lol

Ahhh........ Let the gambling begin ! .......

Some will lose and lose ROYALLY......some will win and win BIG....which one will each of us be ? ........

THAT is the real million dollar question ! .....

The dollars value is depreciating, I don't think anyone can argue it has not, but the fact is that it has not lost over half its value in 12 months even by the worst estimates (as silver has doubled). I think silver will fall, will it be 7$ an ounce again... Nope... but I do think that there is a lot of fear in the market driving the prices though. And buying something on fear is never a good thing. Do I own silver... Yes... do I think it has intrinsic value that can never be taken away... Yes... will I get rich off it, nope. I view it as a hedge bet, not the main bet.

Only that there are extensive rumors floating aroung about companies holding back production of Gold and Silver to aquire the highest prices. Eventually they all will start re-releasing those and the ball will start rolling where other companies will do the same so as not to be stuck with large quantities. This is sort of like Diamonds where there are really a lot of them today and many can now be produced. But a certain organization is holding back massive distributing of them.
According to this guy, who usually appears to know stuff since he makes a real lot of money, the fall is coming and sooner than people think. Such might be the reason for coin dealers to be slowing down on purchases.

I'll be surprised if the sharp rise in both gold and silver doesn't create a new 'floor' for their values that is quite a bit above pre-2009 levels. It's hard for that NOT to happen, because even if the price per ounce falls below $35.00, people will see that as a 'buy' opportunity and continue to keep it propped up. Only something dramatic or major would cause a significant panic drop at this point.

However, for those of us that don't have a lot of $$$ to invest (or risk) at one time...it has been an interesting ride. I've sold AG - G examples of a lot of silver coins for quite a bit more than they were worth and have been able to purchase much nicer examples of the same coins for just a small premium above those amounts. Along the way, I've used a similar approach to what MonkeyMan suggested to buy low and sell higher as the prices have risen...without ever holding a large amount or putting myself at great risk. Some people may be able to afford losing $1000.00 here and $1000.00 there with investment risks. Unfortunately, I'm not one of them.