Latest Addition To My Silver Hoard

Just because I'm really lazy...how many oz's is that?

I am gonna toss out a guess on how many oz. Ed has, lets guess 650 oz....

I have nine ounces, but I don't try. Mine are from all over the World, not just U.S. They are really discards from other numismatic purchases, It's just that I haven't cashed them for their silver. Average purchase price? Perhaps $7/oz.

Wow!

I did get some of my hoard in that price area but more of it at $32-37. I'm not too concerned about prices because I am pretty sure that we will look back on 2010-2012 as "the good old days when silver was cheap". It is more important to me to have the PM ounces I want / need than it is to have bought in at the lowest possible price.



Just over 144 troy ounces in this shipment.



Thanks, Hawk, appreciate the comments. Fact is, it was mostly your comments on the CCF web site that got me into starting this collection! Thanks, man.



Yes, my supply is pretty good these days and I could open a store if I wanted to do that. As you say, though, this is not why I got the silver collection going. This is my future emergency stash.



The gold / silver ratio now is pretty high at almost 54 to 1. If it were to drop back into the area of 30 to 1 or lower, I would be interested in swapping some of this silver for gold. If I did that, I would probably look at getting some 1/4 oz. AGEs.



LOL! Maybe I should have put that up as a poll question? Ha ha On second thought, Hawk, I think that you've been paying attention and are keeping track. I have made some small local buys here and there of a few coins each that I have not mentioned here. All totaled, though, it comes to 677 troy ounces. This is about 2/3 of the hoard that I was hoping to build. Once this is satisfied, it will be time to turn to thoughts of gold and perhaps other PMs as well.



BZZZZT! 7-out, line away!



Now THAT is simply awesome! I love hearing from the collectors who got into silver or gold collecting back when metals were cheaper and who have some really nice coins that they got for cheap. Excellent job, Sel. You are an inspiration!



When I placed the order, I asked that the proofs come in plastic tubes, if possible. I don't know if they would have come this way anyway or not. I really like the square plastic tubes because they stack well and are durable for long-term storage. The proofs are all different states. Not sure about the years, as that doesn't matter to me and I only opened the one tube for the picture. It is hard to believe how shiny they are! It is like they took a small mirrored disk and made it into a coin. I have a tube of proof Kennedy halves that have a similar look... VERY nice looking coins. The funny part of this is that these proof 90% silver quarters cost LESS than the pre-1965 Washington quarters in average circulated condition! Not sure what is up with that but it sure is good for those of us who like to collect really nice looking US 90% silver coins.

APMEX still has these proof quarters available and the price is very attractive. IIRC, it is about $261 per 40-coin roll if you buy 10 rolls. It's a little more if you only buy 1 or 2 rolls. Still, they are absolutely gorgeous coins. If you look at them, it is pretty clear that they are silver and not the usual copper-nickel junk coins. They also bear the "S" mint mark for "silver".

BU 90% is the best IMO. I love my 999 but man there is nothing like BU Washingtons and Roosies.