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Liquidating My Silver

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SDcoinguy's Avatar
United States
2424 Posts
 Posted 07/24/2012  1:56 pm Show Profile   Bookmark this topic Add SDcoinguy to your friends list Get a Link to this Message Number of Subscribers
ok so I do not want this to turn into a trade or sale thread.

i basically want to know if it is possible to trade my 30 oz of bullion bars and rounds for 30 oz of Peace dollars?

yes or no?

*** Moved by Staff to a more appropriate forum. ***
Pillar of the Community
United States
619 Posts
 Posted 07/24/2012  2:59 pm  Show Profile   Bookmark this reply Add CPC24 to your friends list Get a Link to this Reply
Peace and Morgan dollars have a bit of a premium. I doubt anyone would do a straight trade unless the dollars were culls.
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amida17's Avatar
United States
4897 Posts
 Posted 07/24/2012  3:07 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
You may be able to do some sort of trade.... probably not in your favor. I would keep what you have...bird in hand and all...
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Merc Man's Avatar
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561 Posts
 Posted 07/24/2012  3:42 pm  Show Profile   Bookmark this reply Add Merc Man to your friends list Get a Link to this Reply
No. At least not for an equal amount of silver.
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yankee1227's Avatar
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1151 Posts
 Posted 07/24/2012  3:57 pm  Show Profile   Bookmark this reply Add yankee1227 to your friends list Get a Link to this Reply
Like Amida said, probably not in your favor, but bullion is better than scrap anyway
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Merc Man's Avatar
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561 Posts
 Posted 07/24/2012  4:03 pm  Show Profile   Bookmark this reply Add Merc Man to your friends list Get a Link to this Reply

Quote:
bullion is better than scrap anyway


That is a pretty generic statement. Bullion is essentially scrap and worth exactly what silver is trading at. However, these terms are used rather liberally around here so a little more clarification would be needed to judge the validity of such a statement.
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yankee1227's Avatar
United States
1151 Posts
 Posted 07/24/2012  4:07 pm  Show Profile   Bookmark this reply Add yankee1227 to your friends list Get a Link to this Reply

Quote:
That is a pretty generic statement. Bullion is essentially scrap and worth exactly what silver is trading at. However, these terms are used rather liberally around here so a little more clarification would be needed to judge the validity of such a statement.

I was assuming that the Peace dollars that he would receive would be culls or very low grade, not anything worth more than what he puts in. Plus, to resell, not many people would want culls, I would assume they would want the bullion.
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SDcoinguy's Avatar
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2424 Posts
 Posted 07/24/2012  4:10 pm  Show Profile   Bookmark this reply Add SDcoinguy to your friends list Get a Link to this Reply
well, I have vaious rounds and bars... I have a 10oz 1981 US mint Assay bar from San Fran.. a few other bars.. ASE's... etc. but I hate to agree, but your right. it would not be in my favor...

how much more/less in my favor would it be? help me out.

lets do the math shall we?

at the moment silver is @ $27.00/oz

30 oz of .999 = $810

30oz of 90% Peace dollars = 39 Peace dollars = 30oz = melt $813

BUT, slap on the Peace dollar premium and your looking at: $520/roll on ebay.about $100 permium/roll right?

so, id be willing to bet that the best I can do is 20oz in 90% more like, 26 Peace dollars....

so 26 Peace dollars =20oz of 90% = 30oz of 999 around $810 ?
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SDcoinguy's Avatar
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2424 Posts
 Posted 07/24/2012  4:24 pm  Show Profile   Bookmark this reply Add SDcoinguy to your friends list Get a Link to this Reply
actually....

with a $5 premium on circulated Peace dollars, no culls, thats $25/peace dollar....

$25/coin X 32 Peace dollars = $800!
30oz of .999 x @$27/oz = $810.

even at $26/peace dollar I can still get 31 Peace dollars = $806

i wont be able to get 30 oz of Peace dollars, thats 39 Peace dollars... thats a little over $1000 with a $26/coin price tag.

SO, even with a $5 premium on the Peace dollars I should be able to get 32 Peace dollars for my 30oz of .999


Edited by SDcoinguy
07/24/2012 4:28 pm
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yankee1227's Avatar
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1151 Posts
 Posted 07/24/2012  4:29 pm  Show Profile   Bookmark this reply Add yankee1227 to your friends list Get a Link to this Reply
But would they be quality? Common dates are fine, as long as they aren't culls.
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amida17's Avatar
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4897 Posts
 Posted 07/24/2012  4:42 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
You are also assuming you will get spot....and dont forget ebay fees.
Edited by amida17
07/24/2012 4:54 pm
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BH1964's Avatar
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10982 Posts
 Posted 07/24/2012  5:30 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Assuming your silver carries no premium, the most you'd get for decent Peace dollars would be your quote of: "$26/peace dollar I can still get 31 Peace dollars = $806".
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fistfulladirt's Avatar
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4333 Posts
 Posted 07/24/2012  10:39 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
Haven't seen any decent Peace dollars for less than $30 ea. in the last six months, even at the show last weekend. So they are cheaper on ePay, including shipping?
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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SDcoinguy's Avatar
United States
2424 Posts
 Posted 07/25/2012  10:26 am  Show Profile   Bookmark this reply Add SDcoinguy to your friends list Get a Link to this Reply
well, I was hoping a CCF member may feel; compelled to do this trade. it IS POSSIBLE, however, everyone on here, even myself, are looking for deals.
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BH1964's Avatar
United States
10982 Posts
 Posted 07/25/2012  12:04 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Do you have pics of the .999 you are considering for the trade? It's possible I would trade 30 Peace for 30ozs of .999 if I could see what it looks like. My coins are all common dates in VF/better condition with some being lightly cleaned.
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SDcoinguy's Avatar
United States
2424 Posts
 Posted 07/26/2012  3:51 pm  Show Profile   Bookmark this reply Add SDcoinguy to your friends list Get a Link to this Reply
im sending you pics BH
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