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 Replies: 25 / Views: 5,366 |
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Valued Member
United States
187 Posts |
Lots of good advice here. All I can say is what I would do if it was me. I would sell all of the extras that there are, at the best price I could get. Then invest that money in some decent grade key date Morgan dollars. In my opinion, and my opinion only, key date coins are the way to go. If you can afford them. |
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New Member
United States
24 Posts |
I am holding all mine. If silver gets high enough that the profit from my hoard could change my life. I would consider selling mine. I'm still buying a Silver Eagle every week. I'm only 36, so you could say I'm holding for the long term.
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Bedrock of the Community
United States
20753 Posts |
Melt and refine them and then pour into bullet molds. Send to Hungary, Transalvania to be eaact.
Or melt and make a Wolf's Head for the top of a walking cane.
Remember what happened in the past when people hoarded Silver.
I suggest selling now while the gettings good. Just in case.
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New Member
United States
15 Posts |
I would sell all 40%, quarters and dimes in small lots on Craigslist or Oodle. If you try and sell as one lot, well you will receive emails from a lot of lowballers thinking you're hurting for money. I have never sold anywhere else and at these prices I usually sell between $200 and $300 per week. The reason for me selling my junk silver is to replace it with .999 like ASE's or Maples (.9999), but I still keep enough junk silver for myself. |
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Valued Member
United States
364 Posts |
How did you get these coins? Purchase or a gift or inheritance? If you purchased them, then I can't really give you an answer without knowing what you paid.
If you got them as a gift, hold, hold , hold. You got a free silver position. Given that the world's supply of silver has about 20 years left at current consumption rates, it is better for you to watch the near-term volatility in silver play out -- whether up or down -- and go long, as opposed to potentially liquidating what could be tens of thousands or more dollars in the future.
And as just_carl points out, you will always want a small cache on hand for bullets, but he's leaving out the fact that the werewolves will at least glow in the dark at the rate things are going in Japan.
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Valued Member
United States
307 Posts |
I was very excited to sell and I did sell 3 rolls to a dealer and bought some coins and took some cash. Then silver went up 2 more dollars. I have a feeling it will go up to around $40 and stay for a few months. Just keep it or trade for other silver or Gold.
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New Member
United States
23 Posts |
Whether to sell or hold has much more to do with your goals and position in life than the price of silver. If you're near retirement, that's one thing. If you're in your 20s why worry if silver takes a downtown. Also, do you need the money now? Would it be better spent paying of debt, paying for something you want?
People tend to get hung up on these arbitrary numbers. $50 is the new one everyone out. Let me remind everyone a few months ago $30 was what $50 was today. When silver was $7 ten years ago, people could be heard saying the same thing, mainly "If silver goes to x, people will never pay for it." Well premiums on ASEs already put them in the $40 range, and people are buying. The fundamentals of the U.S. economy are not sound, equities are rising despite terrible fundamentals and geopolitical concerns. A lot of us think another crash is coming. I can't prove it and won't try to tell you exactly what to do with your silver, but I urge not to get hung up on arbitrary numbers.
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Pillar of the Community
United States
1745 Posts |
Sell it over a period of time to cost/price average. That way you won't sell too low.
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Pillar of the Community
United States
810 Posts |
Hmm, what to do with silver. Send them to me and Ill take care of them for you. I promise they wont leave my sight.
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Pillar of the Community
United States
4113 Posts |
I do both, sell and hoard (half dollar box searcher)
At $37.00 + per ozt for silver I'd sell maybe 10/20% and hold the other 80 to see if Silver hits $50.00+
If it does go over $50.00, maybe unload another 20/30% and hold the other 50%. (IMHO)
Of course, only you know if you need currency now for bills,food,living expenses etc.
Good luck with whatever you choose to do and congrats on the silver!
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Replies: 25 / Views: 5,366 |
First Page
Posted 03/28/2011 8:03 pm
