| Author |
 Replies: 29 / Views: 7,349 |
|
|
|
Pillar of the Community
United States
3184 Posts |
its not desirable and usually sells for way below spot. Up to you if you want some but I don't.
|
|
Pillar of the Community
 United States
3843 Posts |
Thanks for the responses. The price I was quoted was at the local coin dealer was little under spot but not much. I will likely get 90% in the future since it would be easier to sell and store. I agree that there are deals to be had on 40% silver at estate and garage sales, I gotten a few myself.
|
|
Valued Member
United Kingdom
298 Posts |
I guess it depends on your countrys market, for instance in the UK all of our coins after 1919 were 50% silver and they have huge liquidity here.
Regarding 40% Kennedys, some people are just purity snobs. If it sells for under spot then buy it under spot.
|
|
Valued Member
United States
292 Posts |
Great topic since I accumulate these from time to time. My intent is more for spending power when the SHTF, more than melting value. And of course we have to hope current spot will be higher when and if we need to sell. Watch ebay. Most sell just under spot, but if you have to add postage it goes over. My coin shop never has them under spot. Never. I don't see these 40% languishing unsold anywhere. I agree, the bulk is more for the 40% content, but 90% Kennedys are seldom anywhere near spot. |
|
Pillar of the Community
United States
863 Posts |
well if you get enough of it at a good price, aroung 75% melt you can wait for silver to rise and sell it to a refinery
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
The issue might also be the sheer size of your stack if you went heavy into 40% vs 90%.  , Peanut. Heck, my safe is just about stuffed now and I only collect 90% and up silver coins, rounds, and bars. Would need more than 2x the space for 40%.  |
|
Pillar of the Community
United States
863 Posts |
So I should buy the 40% and sell in the uk :)
|
|
Pillar of the Community
United States
863 Posts |
ED B, for you to have your stack in all 40% you would have to own most of the kennedys that are available. That would be good for the rest of us by driving down availabity and up cost:)
|
|
Bedrock of the Community
United States
36844 Posts |
There's just not enough interest in 40% and War Nickels. Many refiners don't even want to mess with it right now. Maybe things will change at $100 oz silver. |
|
Pillar of the Community
Canada
3692 Posts |
Purity snobs or not, the fact remains that stackers don't have the space for it when they could be stacking .999+. Forty percent is to silver as 10K is to gold; it's simply an affordable version that gives you more weight and volume, albeit copper. In the events where silver gets to a perceived high I always sell the lower purities first and stack either gold or .999 silver. But that's just me, for one.
|
|
Pillar of the Community
United States
2734 Posts |
Quote:
Maybe things will change at $100 oz silver. Right now it's all about the 90% Halves and Dollars, but once past $100/oz. there will be a lot more interest in 40% JFK's, and 90% Quarters and Dimes. I saved a large number of 40% JFK's from circulation back when silver was $4-to-5 an oz. and even CRH'ers didn't seem to want them... |
|
Pillar of the Community
United States
863 Posts |
I always try to stack a few quaters and dimes, I like the smaller denominations. morgans are my favorite though.
|
|
Valued Member
United States
280 Posts |
In CRH, ANY silver, be it 40% or 90%, is special. If you can find a bunch of 40% Kennedys for $.50 each, it's still a great score! I just found 17 40%s last week for $8.50. Even if I can't get spot for them, I still get a great return!
|
|
Valued Member
United States
200 Posts |
90% is definitely better when it comes to selling. 40% takes time to sell and it almost always goes for below spot.
|
| |
Replies: 29 / Views: 7,349 |
First Page
Posted 12/06/2012 12:20 am
