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Bought My First Troy Oz Of Silver Yesterday!

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PigsRFlying's Avatar
United States
10 Posts
 Posted 01/04/2012  11:56 am Show Profile   Bookmark this topic Add PigsRFlying to your friends list Get a Link to this Message Number of Subscribers
Let me begin by saying thx to everyone's knowledge in which I lack but hopefully in time I can also be knowledgable. I have a few coins but thought I'd like to gradually accumulate silver rounds or bars. So I popped on this round yesterday for $33. The Peace dollar was at a pawn shop for $25 so I went ahead and grabbed that too.

Bought-My-First-Troy-Oz-Of-Silver-Yesterday!

Bought-My-First-Troy-Oz-Of-Silver-Yesterday!

I know it may not be a big deal to y'all but I'm pretty proud of it.
Valued Member
akane17's Avatar
United States
404 Posts
 Posted 01/04/2012  12:14 pm  Show Profile   Bookmark this reply Add akane17 to your friends list Get a Link to this Reply


I thought I knew a lot when I first started coming onto this site, that thought ended quickly.

I've learned more in the last year from reading these forums then any book.

IMO, the silver round was a little over priced, you can get an ASE for around the same price. Nice grab on the 1922 though.

You should be proud of the pick up, everyone has to start somewhere. No better place to start than with a Peace dollar.
New Member
PigsRFlying's Avatar
United States
10 Posts
 Posted 01/04/2012  12:39 pm  Show Profile   Bookmark this reply Add PigsRFlying to your friends list Get a Link to this Reply
Well any advice is much appreciated. Yesterday when I was going around to pawn shops and they were selling ASEs for $60-$80. I don't quiete understand this because I can get on Provident and buy a 2012 ASE for $33. Granted the others were previous dates but I still don't get it.
Valued Member
akane17's Avatar
United States
404 Posts
 Posted 01/04/2012  12:58 pm  Show Profile   Bookmark this reply Add akane17 to your friends list Get a Link to this Reply
They were Proofs, which yield a very high premium.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 01/04/2012  1:13 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Nice start going with the Peace dollars. Keep adding them one at a time, and in 6 months to a year you will be blown away with how much you can accumulate....

Welcome an best of luck o the silver hunt....
Valued Member
Granite's Avatar
United States
297 Posts
 Posted 01/04/2012  1:38 pm  Show Profile   Bookmark this reply Add Granite to your friends list Get a Link to this Reply


Every journey begins with a single step. Finding these forums should also guide you safely around many questions that might arise.
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kookoox10's Avatar
United States
1054 Posts
 Posted 01/04/2012  3:38 pm  Show Profile   Bookmark this reply Add kookoox10 to your friends list Get a Link to this Reply
Congratulations on your recent purchase. It's a liberating feeling huh?
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junior e's Avatar
United States
931 Posts
 Posted 01/04/2012  3:56 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
Good job. Silver is so beautiful that even if you don't end up making a lot of money on them they are still nice to look at. If everyone in the world bought a few ounces of silver the price would skyrocket. I don't think that there is nearly enough in existance for everyone to own one. It's a fun hobby and potentially very profitable.

If you put $20,000 in the bank you're lucky to make $50 in interest in a year these days. You could potentially make $30 in a year on your $33 investment. Keep acquiring and I think that you'll be happy.
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mariospaghetti's Avatar
United States
421 Posts
 Posted 01/04/2012  3:59 pm  Show Profile   Bookmark this reply Add mariospaghetti to your friends list Get a Link to this Reply
yes welcome! Nice looking for your first purchase. Like someone said they can added up in a short time if you buy one every now and then.
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Ed_B's Avatar
United States
4008 Posts
 Posted 01/04/2012  6:38 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
Hello, PigsRFlying, and to the CCF forum!

Everyone here started out at some point in your same position. We didn't know as much about precious metals as we wanted but we knew that we wanted to collect some. This is a great place to share experiences, ask questions, and get real answers.

Thanks for posting the pics of your recent purchases. I have some Peace dollars too and remember a time when they were still in common circulation as money... in the early 1960s. Having them brings back some great memories. I also like the Morgan dollar design and have quite a few of them. Their historic character is great and I can just imagine that some cowboy, miner, or other western character once used the same coins that I have to do some business. Yeah, that's probably a long shot but, hey... it COULD have happened!
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PigsRFlying's Avatar
United States
10 Posts
 Posted 01/04/2012  7:10 pm  Show Profile   Bookmark this reply Add PigsRFlying to your friends list Get a Link to this Reply
I'm planning on buying an oz or 1/2 oz a week. I work out of town all the time so I'm thinking about selling my house. Instead of putting that money in the bank I'm thinking of investing that money in gold or silver.
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yotie's Avatar
United States
3077 Posts
 Posted 01/04/2012  7:18 pm  Show Profile   Bookmark this reply Add yotie to your friends list Get a Link to this Reply
greetings and nice pick up on the Peace but as for selling your house and investing in PMs may not be a great idea, they aint making any more land
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amida17's Avatar
United States
4897 Posts
 Posted 01/04/2012  7:24 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply

Quote:
I'm planning on buying an oz or 1/2 oz a week


Quote:
I'm thinking about selling my house. Instead of putting that money in the bank I'm thinking of investing that money in gold or silver.



VASTLY different statements....in the same post.

Start small reevaluate what you really want to do.....just sayin'
Edited by amida17
01/04/2012 7:25 pm
New Member
PigsRFlying's Avatar
United States
10 Posts
 Posted 01/04/2012  8:20 pm  Show Profile   Bookmark this reply Add PigsRFlying to your friends list Get a Link to this Reply
Haha... Yea sorry bout that... I meant as of right now buy a little a week. And the house selling deal is just an idea. I was planning on selling my house anyways. I'm never there. I make a monthly payment on it and I may see it 1 weekend a month.
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amida17's Avatar
United States
4897 Posts
 Posted 01/04/2012  8:26 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
I figured it was just a stream of conscience thing....remember eggs ang baskets though.
New Member
PigsRFlying's Avatar
United States
10 Posts
 Posted 01/04/2012  8:51 pm  Show Profile   Bookmark this reply Add PigsRFlying to your friends list Get a Link to this Reply
Thx for the advice
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