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 Replies: 34 / Views: 5,826 |
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Pillar of the Community
United States
3670 Posts |
I fall into the hybrid collector/bullion category, meaning I love to collect but I also love the idea of bullion as an investment, and being brand new to this not the person you want to take any advice from.... With that being said since you apparently have no interest in the collector angle, I have to agree with the wiser more experienced members being you should go for pre 1964 90% silver via Bens an Kennedy's perhaps.... Earlier last week I posted ebay auction which was a mix roll of pre 1964 halves via Ben's an JFK's and it was listed as just over 7 oz of silver. I guessed it would sell for 240, and it brought 239 an 15 cents, so ebay is pretty consistent as there is zero bi-est with pre 90% silver. Does that make any sense? Meaning people could care less, they know the spot value of silver, the amount for sale, they calculate, and never do I see silver sell less than spot value on ebay if it is pure, or 90% pre 1964. Like with silver closing at 34.60 today, good luck watching ebay all night an try an find a 1 oz silver round .999 for less that 38 bucks, an that is pushing it, more like 40 bucks IMhO.... Edited by Silverhawk74
03/01/2011 10:25 pm
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Pillar of the Community
 United States
2424 Posts |
Appreciate all the insight guys. I have thought about going to unc Franklin halves too. I heard that if silver gets higher than their numismatic value does that make them not as desirable? My gut wants to go 90% but why does a big part of me want ASE's? My coin shop is selling ASE's for $38 little less than $4 over spot. Which I feel is a decent deal. I also like the idea of diversifying with some gold but that's a whole new thread. Would rolls of unc halves be a good thing seeing as their nimismatic value is the same as spot price? Because unlike most 90% ASE's will always carry their premium. Not sure if that is something I should be concerned about? So now we are introducing unc rolls of 90% rather than junk 90%. What would be the best unc rolls of 90% that I can get the most ounces from? |
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Bedrock of the Community
United States
10982 Posts |
Quote:
So now we are introducing unc rolls of 90% rather than junk 90%. What would be the best unc rolls of 90% that I can get the most ounces from?
Don't get hung up on having to buy UNC rolls. It's great if you can find them around melt but that's tough to do. I try to put together nicer rolls that are VG/Better and halves tend to be very popular. Look for coins that are decent - avoid the culls, holed, slick, bent stuff out there. Good Luck! |
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Valued Member
United States
463 Posts |
some may say I'm being bi as I'm selling here but heres my opinion I would sell the gold and go for more collectible graded pieces as there value may increase or decrease over time but not as big as bullion items can, this is exactly what I'm doing with the high silver prices. I only recently came into the Coin World about 2 years ago when silver was at 16-18 an oz after I found a dateless slq and wondered what it was. From then to now I put all my money into silver, yes all of it which my family told me I was stupid nice family huh. To get to the point from that time I have been researching and to me at least what I stated above is the best way to an investment a little safer but it will be harder to sell if you need cash. I luckily decided to sell all my ASE at 24-27 an oz for 2-4 dollars over spot each and with that I purchased more silver coins and a few collectible ones. Even though I spent 3500 on a 200 lot of Morgan and peace for a few dollars over melt each it was worth it and I sold about half from that lot recently to buy a few pre 50 commemorates that I seem to really like. I also sold most of my gold as with gold at the highest it ever been but kept about an oz and a few graded gold as well just in case it goes to the sky. If thats your last oz I would keep it honestly as you never know where it will go where it might go but I due prefer a whole bunch of shinny silver over gold ;) No I'm not done sorry for my rant The only thing I see if say gold and silver fell would be silver would probably be the one to come out on top loss wise if it didnt go under 10 but again I dont think pms are the best investment as everything involves a big risk. Heres another view along with what my answer was to when I was asked the same question lets say someone in someones family die and let you and your bother/sister pick a safety deposit box that you could have after 15-20 year period what would you choose lets say 20k in each box box 1 20k cash stakes and stakes of bills or box 2 20k in gold/silver coins One of my family members who invested alot of his money into gold when it was at 300 and asked me this and my answer to him was box 2 and my reasoning was even though that gold/silver and also money can go up or down gold/silver can be transferred into any currency if needed to be and paper money doesn't have the best history. Plus who knows where we will be in 15-20 years and for one I wouldn't want something that could potentially worthless or couldn't spend if we go into a card society more and more. Another thing to consider is silver has not reached its all time high of about 50 but gold has reached its all time high already. This may be a better question of what to keep paper or pms but as I have gone way off topic I will stop here, sorry be working all day and just got some free time. Hope that answered one of your questions and again just ranting today |
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Pillar of the Community
United States
2424 Posts |
thanks. yea all opinions and contributions help!
i my decide to settle on 90%. not sure which. if I can get UNC 90% for spot, then I will. if not. we will see what the coin shop has.
this is of course my last and only ounce of gold. it is a RISK. I know. life is about RISKS. I am willing to go for it. I am going to try and get as much 90% for the sale of my krugerrand as I can. we will see. let me know if any know is insterested in sale of 1oz krugerrand
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Pillar of the Community
United States
3670 Posts |
SDcoinguy, if I personally was lucky enough to own a 1 oz Krugerrand, no way I would sell, esp as gold is setting at 1438 an on the move up. Again I am not the guy to take advice from, but I had no silver two months ago, an now have nearly 50 oz, so if you sell some stuff you may not need laying around, or save some here, an sacrifice something there, you may end up with that 1 oz gold coin an some silver to as well. Problem is time obviously as silver is close to eclipsing 35 an oz as I type, and correct me if I am wrong, but it has been a long time since it was worth 35 an oz on spot....
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Pillar of the Community
United States
2424 Posts |
silverhawk. yes. I am debating this whole thing entirely. I like that I have 1oz of gold. I also have around 25 or so ounces of silver in bars, rounds and 90%... i guess my whole theory on this was being that I see the two metals, gold and silver, as having entirely different reactions to the market in years to come; meaning mainly that gold is fear based and silver mainly industrial. i feel that, again I FEEL, that in this economic climate both metals are doing what they are doing because of fear and a hedge against the falling dollar. but things will eventually look better. in my opinion. it is a risk. I know. if we knew the future we wouldn't be here talking about this. i would love to put that money or any money into my growing collection but for me right now, having some MORE ounces to the vault seems smarter, at least more easily liquid than selling my type set. let say for sake of NOT selling the krugerrand, what are my pros and cons of buying junk 90% vs UNC 90% vs ASE's? |
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Pillar of the Community
United States
2424 Posts |
ok so my mind is made up:
i am going to list the 1oz krugerrand here for sale and then take that money to buy some .999 rounds and a few gold coins. probably 1/4 or 1/10 whatever I can get closest to spot
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Valued Member
United States
172 Posts |
well....it seems like you already decided before all of this that you were ready to sell the oz of gold......so most of your thoughts were just about what to buy when you do sell.....maybe you should drop back for a second and think about that fact that if you already have 25 ounces of silver why would you get rid of your 1 oz gold and downsize back to smaller gold coins and more silver?.......if you've already got you hord of silver just sit back and watch the gold and silver prices for a while....i dont feel that either one of them will be depreciating anytime soon so my opinion changed when you said you already have 25 ounces of silver....KEEP the krugerrand for a little bit because you may kick yourself in 6 months for jumping into this so fast.......good luck with whatever you decide
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Pillar of the Community
United States
3670 Posts |
Well lets break down what you could buy retail immediately, and I am guessing one could get 1500 for that Krugerrand perhaps..... Say you put a bit over 800 in 2 1/4 oz gold coins like this below, the best I have found thus far at price, which was like 380 just a couple weeks back, and if anyone has a listing for less, I would love to see it. I also signed up for the APMEX sight here, check out their best 1/4 oz deals, and cool thing about them, they give away a 1 oz golden Eagle every month to new sign up members.... http://www.providentmetals.com/1-4-...culated.htmlThen say you had 700 left, an you put that in pre 90% silver, and if you recall I said 240 bought 7 oz., so roughly 21 oz silver at 720 bucks..... You would then have 1/2 oz of gold and 46 oz of silver (the exact amount I own, but mine is all high quality rounds an bars), and you loose a bit to shipping.... I just do not know if you would be in a better boat or not. If silver hit 250 an oz an gold stalled out, yeah the move would look wise. But my gut tells me that is not going to happen, gold stalling out that is. I think you are looking at econ recovering faster than what I believe is possible, keep in mind our country now can't afford the interest on world debt, much less debt itself, that is not an over night fix IMO, so I expect gold to keep climbing, and I am guessing 1800 plus by years end.... Edited by Silverhawk74
03/02/2011 8:34 pm
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Rest in Peace
United States
9104 Posts |
Almost every person is the US, and hundreds of millions elsewhere, knows what a dime or quarter is. At least a generation will be puzzled by half dollars. Show them an ASE, and you'll probably get "is that a half dollar?" Far more understand silver dollars, especially Morgans. Peace dollars have never had mass appeal, even among collectors. So my answer would be 90% dimes and quarters. |
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Valued Member
United States
183 Posts |
Diversify! I would sell your gold in a heart beat and buy $1000 in 90% coins: $15 in dollar coins, 1 roll of Franklins, 1 roll of Quarters, 2 rolls of Merc dimes. Top it off with 10 - 12 ASE's. I am VERY bullish on silver, based on exactly what you mentioned before, industrial uses. The price of silver has historically traded at a ratio of 16 to 1 with gold, currently it is at a ratio of 42 to 1. So there is a huge gap. There is talk of a shortage, Canadian Mint has delayed shipments for a few weeks and premiums have recently risen on ASE's and other Bullion. I currently have 90% of my silver in 90% coins and only 10% in Bullion. My next move is to invest in a silver bull ETF. I think you will see $60 silver by the New Year based on horrible monitary policy, industrial uses, and fears of a silver shortage. Just my Opinion. Edited by hybes
03/04/2011 12:39 am
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Pillar of the Community
United States
3670 Posts |
Hybes, I pointed out that 16 to 1 ratio just a few weeks back, and if history is an indicator (as it has been closer to 16 to 1 for most of known history, correct me again if I am wrong), so I expect it to return again from 42 to 1 to 16 to 1 within a couple of years, based on people way smarter than myself saying it will. Does not mean they will be right, but I am an ice hockey goalie and knowing most goals are scored low, I get down quick an take away the low shot. Historically I stop 90% of the shots I face, or 9 out of 10, therefore giving my team a chance to win. So I am playing the numbers like I always have....
Edited by Silverhawk74
03/04/2011 12:33 am
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Valued Member
United States
183 Posts |
Silverhawk,  - Goalie - Silver to Gold ratio Watch that 5 hole! Go RED WINGS! Edited by hybes
03/04/2011 12:44 am
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Pillar of the Community
United States
3670 Posts |
Redwing fan eh....
About a month back I bought a 4 oz silver Red wing coin from 1997, 151 of 250, very rare, one of my prized silver possesions. I want to get some more Redwing 1997 coins, like the Yzerman, or one of the gold plated ones to put with it in a nice set if you will, even though I am a Bruin fan at heart. Still gotta love the Wings, their history, their success, etc.....
And yeah, if I don't get beat via 5 hole or 7 hole (between arm an body), and take away that low shot, does not leave much left short of a couple of bottle knocker shots to beat me, lol....
Edited by Silverhawk74
03/04/2011 12:51 am
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Replies: 34 / Views: 5,826 |
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Posted 03/01/2011 10:48 pm
