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 Replies: 24 / Views: 2,631 |
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Pillar of the Community
Australia
7096 Posts |
Stop worrying about the silver price. It will go up and down whatever you try and do. If you have a few kilo's and can afford to hang on to them, Go for it I am. The real money is in rare coins, while evryone is chasing silver/gold bullion they are not intrested in the rarer copper coins. I have had a fat time this weekend picking up rare Aussie coppers at about 25% of book. These will never depreciate, or be affected by political agendas.  |
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Pillar of the Community
United States
2661 Posts |
 I could not have said it better. I occasionally run across U.S. large coppers and have been picking those up in average condition for around $10 each. I recently picked up 20 Aussie large coppers, both 1/2 and 1 penny with a date range from the early 20's to 1964 for just $1 U.S. By the way I got a 1920 1 penny marked "No Dots", a 1952 1 penny marked "IND Drop", and a 1964 1 penny marked "W/FD" and a 1960 1/2 penny marked "W/FD" on the 2x2's they were in. Can you tell me more about what these notations might mean? Edited by Tim Stroud
10/02/2011 09:25 am
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Pillar of the Community
 Australia
7096 Posts |
The 1920 no dot is a nice pick up the w/fd I think means with fine detail. As far as the ind drop goes I'm not sure. Nice pick up anyway  |
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Pillar of the Community
United States
2661 Posts |
Thanks for your input Trout.
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Valued Member
United States
53 Posts |
Les Stroud is a Survivorman....Tim Stroud is a Successfulman!
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Pillar of the Community
United States
2661 Posts |
Quote:
Les Stroud is a Survivorman....Tim Stroud is a Successfulman! I get lucky sometimes, as for my cousin, well he is doing pretty good himself. |
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Pillar of the Community
United States
3077 Posts |
funny thing you should mention copper. I have been building a set of BV roosie dimes. Yesterday I finished it but there wasnt any bucket silver to pick from so I was looking in the albums got my last five dimes. Then I looked at the 50cent commems got a 92 Colombus MS63 for $17. I hadnt spent all my allowance on silver so I went to look at the wheats I needed some dates for my folder nuttin high grade just trying to fill some holes. I picked out a cleaned 22D,23s,24S also cleaned and a 24D. I guess the guy felt bad because of the low silver inventory or wasnt paying attention he ended up charging me 50 cents for the four cents.The 24D is a solid G4
Edited by yotie
10/02/2011 1:19 pm
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Pillar of the Community
United States
2661 Posts |
Way to go Yotie! Nice score on the Colombus and the 24D. |
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Pillar of the Community
United States
3077 Posts |
i have been using the stratige of one key date with my junk silver purches when silver started to drop I belive silver will rise but just incase I think the keys will always be a safe bet last week I got a 21P merc for $30 also a g-4 coin but it is in my budget
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Pillar of the Community
United States
2120 Posts |
Im glad when I picked up my collection in early 2010 with silver in the mid/low Teens. I was Still receiving a paycheck from the military and has just started my new job, but had no house payment yet. Those were good times, I spent maybe $2000 a month on buying silver coins from the baskets/bins. From all of that I got; 25% Set of Barber dimeComplete Mercs (minus Keys) Complete Roosie 25% SLQ Complete Washington (minus Keys) 25% Barber Half Complete Walker (minus Keys) Complete Franklin About $40 F/V Peace and Morgans. I didn't even think about it back then because I was just plugging holes in my Dansco albums. Worked out well in the end. Just about all of that Silver was bought at 12x-14x face. Gotta love it when you accidentally make the right move. :D Edited by Namachieli
10/02/2011 4:23 pm
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Pillar of the Community
United States
4008 Posts |
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Stop worrying about the silver price. It will go up and down whatever you try and do. Indeed so, Trout. Like a lot of us on here, I am in the acquisition phase of collecting so am buying small amounts of silver every month or so and larger amounts when the price comes down. This is working very well, thanks in no small part to the volatility of silver. I have no interest in selling at this time, so a price pull back is nothing more than an improved buying opportunity.  My wife thinks that I am nutty for being into silver but that's OK. She's not into the PM thing (yet) so keeps her money in fiat. Yes, I have explained that it would be MUCH better for her to have some in gold or silver but no buys for her yet. I did get a brief question the other day about how to buy some gold, though. That was her very 1st sign of any interest at all. I will nurture that thought... and steer her away from the TV gold sellers.  |
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Pillar of the Community
United States
3077 Posts |
Ed get her to invest in 18K chains
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Valued Member
Canada
497 Posts |
[quote]
[The real money is in rare coins]
If the world economy goes into a longterm recession or depression as some say, won't even rare coins also take a loss? Coin collecting is an expensive luxury, and in hard times their value is discounted in favour of more pressing necessities . I'd be more inclined to own a lot of junk silver rather than it's equivalent value in a few rare coins right now.
Edited by west- canuk
10/02/2011 11:09 pm
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Valued Member
United States
410 Posts |
I agree completely west-canuk. Collectables are only worth what someone will pay for them. My brother was big into collecting baseball cards and spent thousands on "Rare" cards. His collection is worth pennies on the dollar now that baseball cards have fallen out of favor. The same thing happened with stamp collecting.
Personally, I won't pay more than face value for a clad coin. I also have no interest in error coins. It may be my history in manufacturing but I don't understand the idea of paying more for a defective coin. My circulated collecting is limited to a bit of roll searching and looking at my pocket change.
I have been buying some silver coins but I limit that to paying spot price. I've been pretty successful buying US Mint silver proof sets for under spot. I'd rather have a nice silver proof coin than silver rounds, bars, or junk coins.
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Pillar of the Community
Australia
7096 Posts |
I have both west-canuk but I find the rarer coins are far more intresting to have and aquire. I really don't subscribe to the belief that the world is doomed financialy and we will all end up struggling to exist like savages. If it really came to that no amount of precious metal will make that much of a differance. in the meantime I'll just keep collecting and enjoying myself at the same time |
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Pillar of the Community
United States
511 Posts |
Don't get too flustered or excited every time silver moves a few dollars or more in either direction. The thing to focus on is the total number of ounces in your possession and increasing that amount as time passes.
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Replies: 24 / Views: 2,631 |
Posted 10/02/2011 09:34 am
