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 Replies: 31 / Views: 6,035 |
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Pillar of the Community
United States
3670 Posts |
I sold my 1979 vintage Black hole set from Disney's 1979 movie "The Black Hole" on ebay which consisted 3 moc (mint on card) figures, Vin-cent robot(vital information necessary centralized) and sentry robot and Maximilian robot, as well as a magnetic rare gigi Maximilian which was produced in Italy only in 1979. Got 500 for it all and had a bit more money saved up in pay-pal, so I began looking for the best bang for my buck, and I think I did pretty well, what do you guys think? 1. A 12 full oz pure troy silver Ben Franklin hundred dollar bill with plastic case/velvet case and coa for 400 even, which breaks down to 33 bucks an ounce, only 3 over spot, good luck finding that on ebay, 33 buck average for pure silver.... 2. A four ounce silver coin (like #25 of an ultra rare 250 set), of the 1997 Detroit Red wing Stanley cup champion with box and coa for just over a 150. So 7 bucks over spot not bad on coin that rare, plus I have been a house league ice hockey goalie for 17 years, so I can't pass up the cool hockey coins. So 16 ounces of silver and I already have 25 ounces (23 rounds an 2 bars), so 41 total, not bad start with 10 months left in the year.... Silver went up 70 cents today, to 30.58 total seems like, and it is on a serious pace up since January of last year.... Correct me if I am wrong here please as I am a greenhorn/novice big time, but has silver not always been worth 1/16th the value of Gold for most of history, up until like the last 50 years, where it has fell to 1/50 the value of gold? Toward the end of the great Depression in the late 30's, it was made illegal to own gold, and silver went up at that time. Again in early 70's, Nixon past the gold standard act, an it went up again. Finally in the gas crisis of 79/80 it topped out at its all time high, of 50 an ounce. So with all that being said, I am putting all my eggs in the basket of it going higher than ever in the next couple of years.... What do you fortune tellers think is this a  idea, or am I gonna be  my head in the end.... |
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Bedrock of the Community
United States
10982 Posts |
 to CCF! The 16 to 1 ratio you note was set by government standards, not the precious metal markets. Ratios since the early 1970's are market rates, there is no need to look back further than 1970 when pricing and evaluating gold and silver. Always ensure the product you buy is clearly marked 999 fine silver. I bought one of those $100 bill silver knock-offs once that was silver plated copper and was not properly marked. I sent it back. With silver prices as high as they are today, don't pay over melt for generic stuff. ebay prices can be high and often not reflective of the market as a whole. Best of luck! |
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Pillar of the Community
 United States
3670 Posts |
Thanks bherring1964 as I am very skeptical when making sure it is 999. pure. It was labeled as such and this dealer has 1000's of all positive feedback, so think I will be o.k.. It did say it was double struck, forgive me as this I am sure sounds like very stupid question, but does that mean it is struck on both sides, again novice, lol?
I would like to smack the person who came up with the idea to make plated items, or even better, a replica gold bar! What purpose does that have, other than creating confusion...
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Bedrock of the Community
Australia
21786 Posts |
Silverhawk74: May I suggest two investment tools, among many, that professionals use. You should be able to Google them to learn how they work. You should study them, and learn for yourself how to use those tools.
"The roots of education are bitter, but the fruits are sweet". (Aristotle)
They are:
1) Dollar cost averaging, and
2) Moving average analysis.
Dollar cost averaging is used with my superannuation, because by law, my employer takes out my contributions in constant amounts for me.
I chart my superannuation investments myself, with the second mentioned. The duration of the moving average period you choose depends on how long you wish to keep a selected investment for, in your case, bullion metals.
For those who do not wish to get involved with the mathematics of investment, you can do it without crunching a single number. You just draw a smoothed line of best fit through the price graph.
With my coins, I just buy 'em and keep 'em!
Edited by sel_69l
02/15/2011 03:37 am
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Valued Member
Canada
442 Posts |
Wow would love to see some pics of that 12 oz benji! Been thinking of getting the 4 ozer's but never seen a 12 oz one anywhere.
I too have also funded my silver purchases from selling items from past hobbies, so if thats crazy, we're in the same boat!
As long as you're not sacrificing your family's well being by buying bullion instead of food, go for it!
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Bedrock of the Community
United States
14454 Posts |
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Bedrock of the Community
United States
10982 Posts |
That could very easily be one of the silver plated knock-offs. The one I bought was from a moderator at CU forums. It was marked 1 Troy Pound on the edge (actually weighed almost 13 troy ounces) but nowhere was it labeled 999 silver! The mod and I had an interesting PM exchange and he apologized after receiving it back and examining it. It was too thick to be silver based on my measurements and likely had a copper core.
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Pillar of the Community
United States
3670 Posts |
Thanks for the chime in guys, all great info. sel 691 I agree 100% about the just keep em part, and the rest is very interesting, I will look into the 1.dca 2.maa.... Yeah, budgeting ones self very key, not to buy to much, and then in turn have the cable turned off, where I can't stay in bus on ebay, or buy anything else, lol. Fortunately I have a solid bar tending position as well, so that an ebay sells, barely keeps me above the Mendoza line, esp with my buying habits, lol.... Here is a link to that 100 dollar silver Ben, and I looked at the blow up image and it says .999 pure silver, what do you guys think? http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWNX:ITHere is the Red wing 4 oz coin below, limited to 250, and plenty of Red wing fans out there, so re sale sould be there one day.... http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWNX:ITEdited by Silverhawk74
02/17/2011 01:27 am
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Bedrock of the Community
United States
10982 Posts |
Yes, those are plainly marked with COAs also. You're fine! .999 Fine that is!
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Bedrock of the Community
Australia
21786 Posts |
For those interested in investment in bullion, a financial advisor at a seminar suggested that for a balanced investment portfolio, around 5% in bullion would be reasonable.
Although my coin collection does have a very significant value, I do not regard it as part of my investments. It is one of my hobbies. The value is all an added bonus. I have always kept to a budget to stop overspending on all of my hobbies.
Cars are the most efficient way I know of, of wasting money. Cryptically, consider my user name.
Coin collecting is probably the least efficient way of wasting money.
Edited by sel_69l
02/17/2011 06:08 am
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Pillar of the Community
United States
1659 Posts |
Quote:
Cars are the most efficient way I know of, of wasting money.  Yep! Boats rank up there too! They're a big hole in the water that you throw money into! |
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Rest in Peace
United States
9104 Posts |
Quote:
Correct me if I am wrong here please as I am a greenhorn/novice big time, but has silver not always been worth 1/16th the value of Gold for most of history, up until like the last 50 years, where it has fell to 1/50 the value of gold? Nov 2001 silver 4.07 gold 273.30 67.15 times Feb 1980 silver 50.00 gold 850.00 17 times |
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Rest in Peace
United States
9104 Posts |
Quote:
Toward the end of the great Depression in the late 30's, it was made illegal to own gold, and silver went up at that time Dunno where you got your info, but you need to look at kitco's charts. Silver was basically the same from 1934-1944. In the US, it was fixed @ $1.29 per ounce until 1967. |
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Pillar of the Community
United States
3670 Posts |
Good stuff Biggfred, those are some interesting numbers as you say the ratio was 1/67th in 2001, man wish I would have bought a couple 100 of ounces of silver in 2001, lol.
Seems like in 1980 it was closest to that 1/16th#, where I had been told it had been throughout most of known history, say prior to the 19th century, going back hundreds,if not thousands of years....
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Pillar of the Community
United States
3670 Posts |
Good call on the boat saying CWB, I told my dad that EXACT quote a couple times this week, as he was looking at a friends boat considering to buy perhaps. He has a bass tracker that is 23 years old, and I bet over the years he has used it at least 50 times a year, as he fishes often, so that justifies the purchase in mind, even though the boat was not right for his needs. It is a real gem, been setting in garage for most of life, rarely used....
So that is my theory on boats, if you do not use at least 24 times a year, breaking down to at least two trips a month average, you are just throwing money away....
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Pillar of the Community
United States
592 Posts |
Most all of my friends bought Big RV's, Big money. I bought lake front land. Guess which is worth more?
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Replies: 31 / Views: 6,035 |
Posted 02/15/2011 03:03 am
