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 Replies: 80 / Views: 6,607 |
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Pillar of the Community
United States
4989 Posts |
I think folks should at least buy Mint State Morgans rather than circulated ones. If silver takes the "big plunge", you will at least be backstopped by the numismatic value of the coins.
And, if silver rallies to $100 an ounce, I would expect the numismatic value to also increase due to higher overall demand for coins so in that case you might end up with a dollar that has $75 of silver value and $40 of numismatic value. Not a bad return on a $40 initial investment and you don't have as much downside risk.
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Pillar of the Community
United States
511 Posts |
Much of the silver used in film was recycled, so the net loss wasn't all that great. Silver's main role through history until recently was as a monetary metal and store of value, and that purpose is being rediscovered.
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Pillar of the Community
Canada
3692 Posts |
@fenton: That's what I keep saying. You could buy "junk" on the cheap, but if silver prices fall you're stuck with unsellable junk on the bottom tier of the desirability ladder. Get the best grade possible EVERY TIME.
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Pillar of the Community
United States
3592 Posts |
I don't know guys...I bought a load of silver this summer along with some nice slabbed Morgans.....I've dumped some of the silver to almost double my money...but I sure can't make anything on the Morgans right now.
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Valued Member
 United States
327 Posts |
I've heard for decades that no matter what precious metals are doing, to always buy quality (MS 60+) coins. I'm not sure in the case of Morgans. When you can buy these at melt or lower, what can you possibly lose? Sure, silver can go down but if I am buying Morgans for about $20 there is not much downside on the series, age and grade so if at some point, Morgans gain wide popularity, that is another plus.
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Moderator
 United States
188952 Posts |
Quote:
Much of the silver used in film was recycled, so the net loss wasn't all that great. Silver's main role through history until recently was as a monetary metal and store of value, and that purpose is being rediscovered. The source (new versus recycled) is irrelevant. The source of recycled silver did not just disappear. It is now going to other uses, which increases the supply (for other uses) and therefore should decrease prices. |
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Pillar of the Community
United States
3592 Posts |
johnstac, I see your point...but I bought MS64...I suppose it depends on your interpretation of "quality".
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Valued Member
United States
307 Posts |
The market is up, the dollar is up, some gain in employment and our economy, gold, silver and the metals are up WHY? Big Money likes paper investments and control the market value.Real security comes only with a usable commodity in hand. Silver coins have real value as collector items and also a metal value. We have the best of both worlds. Have fun, enjoy life, work your collection, buy and sell but remember what goes up may go lower. No guarantees in life.
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Pillar of the Community
United States
4333 Posts |
Regardless of whether it goes up or down, I'm loooooooooonnngggg and never selling! I know I can't take it with me, but I don't plan to.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
307 Posts |
Fistfull, I agree with you. I too am long in collectible silver and gold. No more paper for me and the hassle of brokers phone calls. The silver you obtained in 2010 has double value. Collectible and melt. In my thinking you have done well. Enjoy
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Pillar of the Community
United States
2734 Posts |
Me, I've been buying a lot of $40 or $50 Morgans: This price range affords better coins than common bullion-value Morgans, and if Silver goes past $50 an oz., I have better Morgans for melt value.  True, that was Mitsui Mining's hype about the silver catalytic converters, but I found it interesting nonetheless that they were stated as being for diesel engines specifically. One wonders why they wouldn't work for gasoline engines. (the difference in exhaust gas temperature? gas composition?)  In other words, if silver catalysts work only on diesel engines, platinum wouldn't totally drop like a stone. Lots of gasoline-powered cars are on the planet. And jbuck makes a very good point about nanotechnology reducing the need for any precious metal in a catalytic converter, long term. |
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Pillar of the Community
Canada
3692 Posts |
Make sure you have an honest mechanic.
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Pillar of the Community
United States
2734 Posts |
Good point, LibertadDishonest mechanics would install silver catalytic converters on gasoline-powered cars and pocket the cost difference. The new (platinum) converter for my car last month cost $89. If there was a mass-produced $20 silver catalytic converter, the crook mechanic would pocket $70 and the customer probably would not even know until they failed an emissions test. Ouch!  |
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Moderator
United States
188952 Posts |
Quote:
And jbuck makes a very good point about nanotechnology reducing the need for any precious metal in a catalytic converter, long term. My car has a nanotech converter on it.  The use of silver as a catalyst on diesel appears to be because of the fuel's higher silver content... Quote:
PNNL researchers have also discovered that silver hollandite is an excellent low-temperature sulfur oxides absorbent. Unlike most oxidation catalysts, which can be easily poisoned by sulfur oxides, silver hollandite maintains its catalytic activity even while it ages by absorbing sulfur oxides. http://www.sciencedaily.com/release...11105720.htm |
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Valued Member
United States
327 Posts |
Okay, even I didn't expect prices to move up this quickly. In an earlier post, someone mentioned silver at $30 by the end of this month. It's at something like 29.30 right now!
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Replies: 80 / Views: 6,607 |
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Posted 12/02/2010 12:08 pm
