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Trade 40% Silver Halves for ASE's?

Discussion in 'Purchasing Precious Metals' started by FthePolice, Jan 29, 2017.



  1. FthePolice

    FthePolice New Member

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    I have a dealer that will give me 91% of melt for 40% halves. He'll trade at that level too. I have a lot of 40% and wanted to know if it was a good idea to trade for ASE's or just take cash when I am ready to sell?
     
  2. SilverBuyer

    SilverBuyer Silver Member Silver Miner

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    Hold and sell for cash when ready. By switching out you are just paying an unnecessary transaction fee.

    91% is not a bad price for selling to a dealer, but for example Provident Metals is currently paying 93.5% so its not an amazing offer that you can't pass up.
     
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  3. FthePolice

    FthePolice New Member

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    Good point, I Coin Roll Hunted these Halves. I've sold some to dealers before but still have 120 coins left. I figure I could get 12-13 ASE's for them. Or I could go bars and rounds. I haven't sold to Provident before but I do know it's a $1,000.00 limit. That shouldn't be a problem when I'm ready but I am in stacking mode and was thinking having higher quality silver would be nicer. And the extra space would be cool too.
     
  4. glockngold

    glockngold Gold Member Gold Chaser

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    We're talking 300 bucks or less here.
    Dump em, & buy something you like.
     
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  5. FthePolice

    FthePolice New Member

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    I constantly accumulate 40% silver through coin roll hunting. So does my girlfriend. This would be an ongoing thing with the dealer that would add up to some higher value. I don't know, I just stocked up on ASE's but you can never have enough!
     
  6. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    i wouldnt worry about it till you get into a space issue........i personally have a space issue and would probably swap 90% for some stacker kind of bars if i could without losing ........would definitely swap out for gold if the GSR was in better shape
     
  7. glockngold

    glockngold Gold Member Gold Chaser

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    How's that working out for ya?
    Back during silver's last run up, I spent 3 years of buying a box at the bank every Monday.
    They were hitting me up with a $3.00 per box service charge.
    I did a little better than break even overall, but after the thrill was gone, decided the time was better spent elsewhere.
    I sold my 40% to a fella here on the board that needed to finish off a bag for a Provident sale.
    My other silver I just use as a weight to keep my tin barn roof from blowing off.
    At least it's good for something........... :rage 1
     
  8. FthePolice

    FthePolice New Member

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    The only thing that worries me is dealer changes in buy back pricing. 91% sounds good now but that could change to something as low as 80%. The space issue isn't too much of a worry right now as I just got a new safe. I have not sold to Provident in the past and with shipping and insurance I assume I would lose the 2.5% that was brought up earlier.

    Coin Roll Hunting Halves has been fun. I have pulled out just over 60 ounces of silver in about a year. My girlfriend and I do 4 boxes of halves a week on Friday nights. Yes, there have been some dry spells but when you hit a vein it's fun. Probably a lot less silver now then when you were doing it in 2011.
     

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