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Fresh Silver Buy

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Ed_B's Avatar
United States
4008 Posts
 Posted 04/23/2011  2:10 pm Show Profile   Bookmark this topic Add Ed_B to your friends list Get a Link to this Message Number of Subscribers
In keeping with my desire to own silver and to buy in small amounts over time, I am not paying a lot of attention to the price right now. I mean, it took a market closure on Friday to stop silver prices from rising in the US. That seems to be about the only thing stopping it.

Anyway, I ordered a roll of BU Kennedy halves and a roll of BU Roosevelt dimes from APMEX this morning. They charge a little more for these than for the more beat up versions but since I get a lot of pleasure from looking at really nice coins, I thought that the extra premium was worth it. Don't know if I will recover that extra cost someday or not but in the mean time, I WILL get a lot of enjoyment out of just looking at them. That has to be worth something, right?
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rachums107's Avatar
United States
3345 Posts
 Posted 04/23/2011  2:35 pm  Show Profile   Bookmark this reply Add rachums107 to your friends list Get a Link to this Reply
Of course.
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BH1964's Avatar
United States
10982 Posts
 Posted 04/23/2011  6:26 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
...I thought that the extra premium was worth it. Don't know if I will recover that extra cost someday or not but in the mean time, I WILL get a lot of enjoyment out of just looking at them...


I agree. Most of my rolls are BU, proof, or AU at least. I have some VG and VF rolls too but cull out all the coins below VG or with problems and sell them. I've got a bunch of rolls of BU and proof Franklins and they are beautiful to look at.
ANA #R3154474
Valued Member
ayejay1974's Avatar
United States
314 Posts
 Posted 04/23/2011  6:55 pm  Show Profile   Bookmark this reply Add ayejay1974 to your friends list Get a Link to this Reply
When the forum moves to the new auction system, I think BH1964 should put some of those BU rolls up with a BIN at melt. That way I can make sure the BIN button works. Just call me a beta tester!
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 04/23/2011  10:21 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Yes nice addition, those Franklin and Kennedy halves are something I need to look into as well, and APMEX sent me an email saying they are offering free ship for another week, so, did they extend that offer to you as well, the free shipping? If so that should compensate for the nicer coins, and I would have did the same, as I like the nicer stuff, and it should bring a better price one day than the beat up stuff....

You say Roosevelt dimes eh. Everyone seems to like those and the Mercury dimes as well. Curious which Roosevelt and time period, Franklin the 2nd one correct, not the rough rider Teddy? And also what is the common time period for the Mercury design, based on the God of war correct?
Edited by Silverhawk74
04/23/2011 10:23 pm
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Ed_B's Avatar
United States
4008 Posts
 Posted 04/24/2011  1:12 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
I agree. Most of my rolls are BU, proof, or AU at least. I have some VG and VF rolls too but cull out all the coins below VG or with problems and sell them. I've got a bunch of rolls of BU and proof Franklins and they are beautiful to look at. - BH1964

Some of those are on my list too! They are beautiful coins. Would also like some Walking Liberty halves, if I can find some in really nice condition. BU is probably unrealistic, given their age and all but if found I am sure that the price would be pretty stiff. I also do not have any silver quarters yet. I should get some of them but the design isn't all that great, IMHO. Of course, the design of the Roosevelt dime isn't that great either but I needed something of that value for my collection.
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Ed_B's Avatar
United States
4008 Posts
 Posted 04/24/2011  1:13 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
When the forum moves to the new auction system, I think BH1964 should put some of those BU rolls up with a BIN at melt. That way I can make sure the BIN button works. Just call me a beta tester! - Ayejay

HA! YOU WISH!
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Ed_B's Avatar
United States
4008 Posts
 Posted 04/24/2011  1:20 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
APMEX sent me an email saying they are offering free ship for another week, so, did they extend that offer to you as well, the free shipping? - Silverhawk

Yeah, they sent me one of those too but from what I could figure out, this only applies to orders made on a "mobile device". Sorry, don't have one of those and have no plans to get one. My 5 year old Samsung cell phone is working just fine.

I looked at the bill that they sent via email and it shows their usual $19.95 shipping and handling charge.


Quote:
Curious which Roosevelt and time period, Franklin the 2nd one correct, not the rough rider Teddy? And also what is the common time period for the Mercury design, based on the God of war correct?

That would be FDR, not Teddy... whom I would MUCH prefer!

Can't quite remember the specifics from my mythology class back in high school but it seems to me that Mercury was called "the bringer of light" or some such. Ares was the god of war, as far as I remember. Mercury was a messenger of some kind, hence the wings on his helmet and ankles to speed him on his duties. It's been a while.


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Crow's Avatar
United States
63 Posts
 Posted 04/24/2011  2:02 pm  Show Profile   Bookmark this reply Add Crow to your friends list Get a Link to this Reply
Mercury was the messenger of the gods, but the "Mercury" dime really depicts Liberty wearing a Phrygian cap.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 04/24/2011  2:05 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
You are right on that Ed, I am usually pretty good with history, but I get figures confused often in Greek mythology....

On a side note to that, I have a couple neat silver rounds with the Greek mythology on the back, and one has a cool Voodoo scene on the front, masks an such, and the other has like a winged Goddess or something along those lines on the front side....

I would post pictures, but I am a ways from figuring out how to downsize pictures yet to post, any quick fix suggestions? I am about to leave to go visit my grandfather in hospital and then off to family's for Easter, so happy Easter all, and I will get back on the picture issue start of next week....
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 04/24/2011  2:12 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
And yes Ed, on further inspection, I saw that offer is for the smart phones....

I don't have Internet on my phone either, as I don't feel I require it so badly that I must surf an check emails every second of the day. My girlfriend has one, and when she allows me access (for limited time of course, as the battery power is rationed, lol), I find myself attempting to figure out how to surf with fingers, up size pages, and downsize them, WITHOUT accidentally hitting a wrong button taking you to an unwanted page, it is a real pain let me tell you. In time, you figure it out like anything, but not for those with bad eye sight or large fingers, lol....
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hermanwilliams's Avatar
United States
309 Posts
 Posted 04/24/2011  11:34 pm  Show Profile   Bookmark this reply Add hermanwilliams to your friends list Get a Link to this Reply
You'll get that money back if you want it. Silver is nowhere near a bubble, but eventually it will be. I'm thinking around $200/oz. Keep them right before it bursts.
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Ed_B's Avatar
United States
4008 Posts
 Posted 04/25/2011  01:09 am  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
You'll get that money back if you want it. Silver is nowhere near a bubble, but eventually it will be. I'm thinking around $200/oz. Keep them right before it bursts.

Well, that's the trick, isn't it? Very few people ever recognize a bubble while it is inflating. They almost always see it as a great investment that is doing really well! It is only AFTER the big POP! that people step back, look at the situation, and say, "Hey, that was a bubble!". Maybe that is the surest measure of a bubble... the speed at which the price falls after it tops out?

Physical silver holdings are very susceptible to a price collapse because it often cannot be sold quickly enough to recover the bulk of its investment. Silver ETFs, on the other hand, do not have this problem. They can be sold almost instantly as prices start to collapse. Not saying that either of these is a perfect investment. Both have their uses but in terms of getting out when prices fall, an ETF is much superior to selling physical silver. If you want to actually HOLD silver, then the metal in coins, rounds, and bars is a great way to do that.
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throwbackid's Avatar
1283 Posts
 Posted 04/25/2011  02:57 am  Show Profile   Bookmark this reply Add throwbackid to your friends list Get a Link to this Reply
Here is my latest purchase, this silver bug is taking over my life :)

http://cgi.ebay.com/ws/eBayISAPI.dl...t_787wt_1141
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 04/25/2011  03:07 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Nice bar Throwbackid, it will be worth much more than you paid beofre it hits your mailbox....
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BH1964's Avatar
United States
10982 Posts
 Posted 04/25/2011  03:18 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
That is a good price on an Engelhard sealed bar right now. APMEX is sold out and generic 10ozers are bringing $525.
ANA #R3154474
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