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 Replies: 16 / Views: 3,251 |
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Pillar of the Community
United States
1454 Posts |
I periodically check to see not only how much silver I own but also how much I paid per coin, averaged out over the entire collection. That's the number I reached today, $30.40, or a couple of dollars over spot.
Anybody else keep track of this? If not, consider it. It gives one a better indication of what one has, what it costs, and what it might be worth, if only at spot value.
My average number is just OK, I suppose. It used to be much, much lower; but with the price increases over the last couple of years, I've watched that number climb out of the lower $20's, and for the first time, cross into the 30's. It will be very difficult, and probably impossible, for me to reverse that number, unfortunately. Edited by traevin
06/05/2012 10:40 pm
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Pillar of the Community
United States
5832 Posts |
Good point at record keeping, I save 95% of my receipts and record 90% of my buys at local auction, if I have to give a average I think mine would be $19.2375 (give or take a -/+ 5%) over the past 17 years? I didn't count any other numismatic coins like mint/proof sets or things in albums.
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Pillar of the Community
United States
808 Posts |
Excellent, traevin. I completely agree with your assessment re the value of keeping a running average of your Ag stack!
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Pillar of the Community
United States
619 Posts |
Dollar-cost averaging is a must. Mine right now is somewhere about $24-25.
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Pillar of the Community
 United States
1454 Posts |
macmercury,
It never occurred to me to separate the bullion from the coins with greater numismatic value. Considering my proof to bullion ratio is pretty close to 50/50, I'd probably be in your neighborhood if I did it your way, between $18-20; but it would take a lot of tallying to make certain. I'll have to jot the task down on my quite lengthy to-do list.
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Pillar of the Community
Canada
1723 Posts |
I keep a running tab of what I pay for items but havent taken an average yet. I'm sure I'm mid 30s. I started in the high 40s.....cost wise not spot.......and have managed to shave off $10 oz by catching a break with right buyers and having the right product, this I know for sure. But I havent calculated what I have paid or have from junk silver.....this will bring my average down for sure. When I receive my items that I am waiting on to come in...im going to do it. Will keep you posted. Cheers!
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Pillar of the Community
United States
3670 Posts |
The DM at the old coin shop had a strict system, with this recording purchase cost being most key....
He would only buy the cheapest close to spot ugly old beat up silver no one else wanted, an of course years back when it was way cheaper, and being DM in big company no doubt some chance to buy some below spot presented itself I am guessing from time to time as well....
He would buy a bag, record date an cost an toss in safe, an repeat process when funds allowed. Later when silver peaked out like it did last year somewhere in the high forties, he sold it all an went back an bought back what he had a few weeks later when it hit back down in low 30's to get same amount of silver....
He then took the profits or reaming cash an would buy like a Kruger, toss it in the safe, an go back to adding more silver an dating an recording each purchase....
Edited by Silverhawk74
06/05/2012 9:13 pm
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Pillar of the Community
United States
808 Posts |
It's not great since I started buying in earnest just after silver's all time high. Also, I'm not including any 90% silver since that portion of the stack represents too many small cash transactions to track. Currently I'm averaging $37.77 on a little over 150 t oz Ag. My DCA was actually getting better. But no, I just had to buy those darn Titanic privy coins.  Edited by coinwatch
06/05/2012 10:19 pm
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Pillar of the Community
United States
3184 Posts |
I don't cost avg anymore :)
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Pillar of the Community
United States
863 Posts |
i do pretty good on my cost avg. since I started a few months ago my avg is around $21
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Pillar of the Community
United States
5832 Posts |
traevin, I would say these are my current bullion + junk silver cost average, not counting the ones I sold between late 2010 to early 2012, I have made good returns on those, used portion of the profits to buy stocks and bought back some additional silver, and a few numismatic coins. My US Mint sets and the ASE proof coins didn't fair so well, between 1999-2010 I think I was on the negative end, like minus 25% but the 25th Silver anniversary coin sets I bought reversed some what, I sold 3 of the 5 maximum order I bought with the 2 remaining set still in hand, one of those have the doubled die San Francisco that Dr. Wexler's have on his site. 2011 $1 ASE WDDO-001. Value to be determine by the market, so I think this should balance out later on. On the numismatic side, I couldn't pin point how well I do, mainly is that I want to keep upgrading my collection, but didn't sell most of my upgraded coins on the side. I guess I am somewhat attach to it, but will probably do sell in the future. |
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Pillar of the Community
Japan
666 Posts |
Since October 2011 bought 47 oz of silver(rounds, commemoratives, bullion, limited mintage silver coins). Last purchase was made few days ago - 10 oz of bullion(Thanks Hawk for convincing me). Average since October, including all fees and shipping - $30/oz.
Since October 2011, out of 47 oz bought, sold 14 oz asw, average price after all fees - $48/oz.
I am selling some other coins as well, so, considering the fact that I put all proceeds to buying silver - my average cost of silver since october is -$.10/oz (negative 10 cents).
Since I started putting some money into PM - added about 120 oz of silver and just 1 oz of gold ... little bit slow.
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Pillar of the Community
United States
2120 Posts |
For anyone who may have missed it. I made a Tracking spread sheet that does a lot of this. So I'm going to shamelessly mention it here. :P https://goccf.com/t/119542/On topic I'm sitting at $30.62 /avg. Not far off from you.  |
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Pillar of the Community
United States
1454 Posts |
That's awesome, Nam. It'll take me a week to input all the data but it would be so worth the effort. The only other piece of data that I'd also want to track would be total country count. I'm sitting at 79 silver producing countries I've added and my goal remains 100.
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Pillar of the Community
1283 Posts |
I would save in the mid the thirties but to be honest I could give a crap what I'm in it for. I plan to build an amazing hoard that once my kids sell it hopefully with be worth millions to them. Plus the fact the I love this hobby, it makes me think I lose a little bit i'll attribute it to the cost of entertainment.
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Valued Member
United States
272 Posts |
I track each purchase by the following:
Date
Current Spot
Retail Price of the Item
Shipping Costs
Total Cost per Oz In Hand
I then keep a rolling average of the "In Hand" price per Oz.
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Replies: 16 / Views: 3,251 |
Posted 06/05/2012 7:24 pm
