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Replies: 16 / Views: 3,416 |
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Pillar of the Community
United States
2120 Posts |
So I added up all of my junk silver I've goten over the last few months and got to thinking. I wonder how much I actually have. well after adding it all up I have about $1600 in "junk silver." S hand full of these coins are AU-MS and I would probably hold on to them for their numismatic value. But the reset are nothing special. Im wondering if I should hold onto these, betting that either silver goes up or mid-low grade walkers and franklins become a high commodity. Neither of which I really think will happen in the next 10-20 years. Or should I consolidate it all down and go for 1-2 quality coins for my type set? ones that will appreciate very well almost guaranteed. Like early silver dollars or halves. Maybe a nice Trade dollar. I guess the real question is, Does anyone thing silver is going to skyrocket, or are these halves (the majority of the junkers) going to jump in value?
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Pillar of the Community
United States
4541 Posts |
its tuff to know what silver is going to do. hopefully it will go down so I can buy more. I honestly never see it staying above 20 for very long when and if it hits it again.
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Valued Member
Canada
68 Posts |
if you want to read a great book on silver and gold written during the boom read Micheal Maloney's Investing in Gold & Silver. I honestly believe after reading the book that silver will be not skyrocketing but climbing in price. I order my off Amazon.ca for around $13. Its too much to explain here on why it will go up. Now you might think YA RIGHT just because this one guy says it will go up will it. Well after this book I have bought quite a bit of silver bullions and even junk silver. I would hold onto it and if you want to watch a very interesting video thats educational before making any decision about selling. <<Link removed by Staff>>Copy and Paste Thanks for the read Just my Two CentsEric
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Bedrock of the Community
Australia
21788 Posts |
A dealer once told me a proverb many years ago:
"The rare coins get rarer, the common coins stay common."
One of the common reasons that a coin may be rare is that is in a superbly high grade say gem MS70. Just look at the values for otherwise common coins in these grades. Everyone wants them, hence the high prices for them. Look at the auction trends for top grade material.
That sort of thing simply does not happen for common coins in average circulated condition.
So what am I going to do with my junk silver?
Eventually, I will sell them all in one lot and get myself one really one nice coin with them.
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Bedrock of the Community
United States
20753 Posts |
Tuff question but it sort of depends on if your a coin collector, a part time collector, high priced collector, dealer, sort of dealer, want to be a dealer, etc., etc. What I mean is if your into this as a hobby, so called junk Silver could well be used to start a new collection, fill one already started, Used as duplicates for trading, etc. If your here for a possible profit from your hobby, then sell whatever you don't want for money for gas for your car I guess. Or put in a 2x2 and put up on ebay as rare, hard to find, valuable coins. Me, I have no Junk Silver. All coins go into Albums and are replaced as better ones come along. Coins that come out of those go into a 2x2 until enough to start another Album. Coins that are really beat but may find a home with some kid, I send to them. Then it's up to them what to do with them. For example on a coin forum some kid wanted to know if anyone had any 43 Lincoln Cents to get rid of. So I just sent him a pile of the lesser ones I had. What I mean I for me there is no JUNK coins. As a horribly, can't stop collector I think there is no such thing as JUNK coins. But to each his own.
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Pillar of the Community
 United States
2120 Posts |
Hmm could you PM me the link please. I guess the staff didn;t want it to be allowed. Not sure why but either way just pm it to me.
Thanks for all the advice.
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Pillar of the Community
 United States
2120 Posts |
You know, the more I think about it. I really think silver is gonna crap out soon.Maybe not crash, but drop by $5-$6 /oz by this time next year.
I think I'm gonna get out while I still can. I figure the cons are if silver spikes I'm not selling at the peak. but if it bottoms out, I'm missing out on a lot of money (for better coins).
Thanks again! really helped me get into perspective.
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Pillar of the Community
 United States
2120 Posts |
I guess now the question is what is the best venue for selling off all of these coins. I want to maximize my return, but at the same I'm not looking for anything outrageous. just a slight over spot.
sorry for all the reposts.
Edited by Namachieli 08/04/2010 3:50 pm
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Bedrock of the Community
United States
20753 Posts |
Simple answer. ebay of course. Sell as precious, one of a kind, rare, last of the Silver coins. Or say all UNSEARCHED and then discribe them all. 
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Moderator
 United States
188660 Posts |
Quote: Hmm could you PM me the link please. I guess the staff didn;t want it to be allowed. Not sure why but either way just pm it to me. I believe that the link was removed because it pointed to YouTube. More often than not, the "related content" suggestions for some videos are objectionable in the family environment.
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Pillar of the Community
United States
573 Posts |
ianmprice - you could offer them here first. I'm usually in the market for silver.
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Pillar of the Community
 United States
2120 Posts |
Ok well I guess ill throw them up on here first, let the community have first crack. then what ever doesn't sell ill bay it.
Unsearched of course.
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Pillar of the Community
 United States
2120 Posts |
Oh god, I just re-read my first post... Holy epic grammar errors batman!
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Valued Member
Canada
307 Posts |
Personally and I did this with some scrap.....trade it in and buy a nice coin you might otherwise have passed on due to cost  ....I got a 1948 silver dollar in AU for my scrap 
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Valued Member
United States
103 Posts |
I deal pm's all day long... everyone has a different opinion but I think if silver and gold survive the usual summer decline without to much of price drop, we can expect to see silver at 25 and gold at 1300 by years end. But that's my speculation...
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Pillar of the Community
United States
4541 Posts |
i hope your right Sukardnam but I dont think it will happen this year
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Replies: 16 / Views: 3,416 |