| Author |
 Replies: 14 / Views: 2,722 |
|
|
New Member
United States
34 Posts |
I came across (at face value) a large stockpile (about 11 pounds) of circulated 90% Franklins and Kennedy's that I've been holding onto for several years. I plan on keeping them soley for investment purposes and will want to sell them off when I feel silver has about peaked.
My question:
Is it (rather...will it be) harder to sell the 90% coins than it would be to sell 99.9% coins or bullion? Does the 10% copper and the job of seperating it make it less appealing?
Should I be swapping them out now or will it really not matter? Edited by curtism1234
02/22/2011 4:20 pm
|
|
|
|
Pillar of the Community
United States
759 Posts |
My feeling...it won't matter. There are well established markets for both. By keeping what you have, you eliminate 2 cycles of transaction costs which would eat into your return.
|
|
Pillar of the Community
United States
651 Posts |
There are moments that a private buyer might pay more than 100%. Any key dates by chance?
|
|
Bedrock of the Community
United States
10982 Posts |
I'd keep the halves. Don't worry about melting or liquidity because 90% silver halves are just as good as .999 stuff in my book.
|
|
Valued Member
United States
302 Posts |
To be honest with you Id keep the 90% coins. The reason that is because the 99% coins wont go above value of the silver content itself. For example the 1988 99% silver ounce is still only worth the amount of silver. In the long run the 90% coins will exceed the value of silver content such as your Franklins and JFKs. This is just my opinion on the matter.
|
|
Valued Member
United States
463 Posts |
Listen to what others said, keep it in 90% silver coins as there better then .999 silver as they play in two markets not just one
|
|
Valued Member
Canada
442 Posts |
I'd say keep it as well, unless there's someting you really really want. I'm considering trading in some junk coins for a 10 oz Kookaburra, but decided to just save up for it |
|
Pillar of the Community
United States
3184 Posts |
|
|
Valued Member
United States
341 Posts |
I am no expert but what I have read here on th forums is, like others have said, 90% coins are well know and accepted. What form is your bullion? People may not be willing to pay top dollar if it is not a well know brand or form.
|
|
New Member
 United States
34 Posts |
Quote:
There are moments that a private buyer might pay more than 100%. Any key dates by chance? I don't know, I never paid too much attention to the Franklins since they appear to be nothing special condition wise. Sounds like I'll keep the 90%er's. If I happen to see something that sparks my interst, I might swap it out just as a showpiece. thanks Edited by curtism1234
02/23/2011 11:58 am
|
|
Pillar of the Community
Mexico
1304 Posts |
I have to agree with the above...keep the 90%. However, if you find some good ones in there that are with more than the melt value, seperate them and sell/trade them for MORE junk.
As an aside, I do keep a fair bit of gvt issued 99.9% because it's recognized by the banks down here...I can walk into just about any bank with a silver round and walk out with cash. Kind of the best of both worlds...not that I don't keep some 90% around ;)
|
|
Valued Member
Canada
442 Posts |
harrison2 thats very interesting. I might have to try this with a bank to see if they will even take my 5 dollar silver maples, and at face value or spot.
|
|
New Member
United States
14 Posts |
So the banks in Mexico will recognize 99.9 but they will not recognize coinage as 90%? I wonder what their logic is for that.
|
|
Rest in Peace
United States
9104 Posts |
He may be talking Libertads, Mexico's ounce bullion coin.
vinny- unless they have a bullion dept like the bank of nova scotia used to, you won't get more than face.
|
|
Pillar of the Community
United States
2168 Posts |
I personally would keep what you have like the others have said. They are easily recognizable by anyone and the old silver coins can easily be made back into the currency. Why pay commission to sell and then re buy when you already have silver coins? Just my thoughts but I think US 'junk' silver coins are the best investment currently, even better than gold due to smaller values and easier to recognize than gold or other silver items.
|
| |
Replies: 14 / Views: 2,722 |
|
Posted 02/22/2011 5:21 pm
