Discussion in 'Purchasing Precious Metals' started by <===Foolsgold, Feb 6, 2017.
Please help me understand. Thank you!!
More demand than supply (and the supply is fixed). If silver goes up to $30+ you'll probably be able to get it for spot consistently.
It has been falling as of late. cycles...
Just buy whatever has the lowest premiums and you will have more silver. I had to decide whether I was investing in silver or investing in premiums. The decision was easy. When it comes time to sell, you'll probably have several flavors of silver. Just sell whatever is bringing the highest premiums.
You have to understand that junk silver (especially the 90% kind) is very desirable. Pre 1964 quarters are easily identified by everyone; no assay required. Since the supply is limited and the product is so favored, prices not surprisingly are a little high.
It's not counterfeited as of yet. I prefer the new ASEs and Phils because junk silver is usually coated with dirt and grime.
They don't make it anymore.
unfortunately, the Chinese do...bit not in 90 percent silver
Why does it say Pre 1964 Quarters as opposed to 1964 Inclusive. 90% is 90%?
Yes, he means inclusive of 1964. 90% is 90%, although sometimes a mild bump in premium is paid for halves over quarters and dimes.
very simple.....#1 limited supply no NEW 90% being made...#2 more buyers than sellers to supply it to the market.....
its not like they can go turn on a machine and start making Junk silver when its in demand
Savvy, I had the Colombian half looked at a few weeks back by my local numismatic connection.
Went like this. He looks at it for about five seconds and says "son, this coin needs graded and slabbed, do you know what you have here"?
He gets out this giant book with a lots of info on proof Colombian halves whith big blown up pictures, puts his loupe on it again and says in his opinion it is an actual proof, then tells me "in 70 years of collecting and 50 years as a dealer it's only the second time he has seen one".
He asked how I'd come across it and I had to tell a white lie to protect his fragile heart and his employee who sold it to me out of the junk half dollar tray for 6 greenbacks.
I said it was in a lot of halves I'd won on ebay and I gave ol Chris a wink. Was afraid if I told him the truth he may have another heart attack on the spot.
He gave me a standing offer of 500 cash if ever I decide to part with it. I couldn't hardly believe it.
Very nice day at the lcs indeed.
Will probably send it in and have it graded at some point this year and see how that goes.
stoney....im not a numismatic kinda guy...i woulda probably tried to find something he had for sale with value about $600 in bullion and swapped him while he was intrested.......and let him take the grading risk etc
Outrageous tale stone man!
$500 is quite the bold offer, and indicates to me your guy feels quite strongly it is a proof. I agree it is tempting to send in for certification. Happy to assist with advice or the like in any way I can if and when you decide to go this route. I also still have reasonably high quality photos of the coin on my computer, if you find anyone you would like me to send them to.
Hey Wanka, Does it look like this?
Not a bad idea Tt. I strongly considered taking the money and running. However I'm in it for 6 dollars and at any rate don't ever expect I'll take a loss on it.
Truth is I really like it and don't want to part with it, ever.
Attempt at showing you guys what a blazer this thing is with a few pics.
That's a black preacher yelling about something from 12 feet away on my tv.
How's that for 6 Smoother!
Will don't send it in for grading coins get lost that way all the time. I will trade you pure B.S. ( bullion silver) for it! PM me sir.
They are still making 90%, just at coin collector prices. I have a few rolls of JFKs 90% for several years past 1964.
And don't forget the annual silver coin sets in 90%.
:) there just not making any 90% JUNK silver anymore ......LOL
lCS offered me halves at .50 over melt around 13.45 per dollar of face
My lcs has sold me 90% proof atb silver quarter sets as junk. About $12.50 times face at the time. These collector sets don't seem to hold value. They become junk.
That's especially nice considering they don't look like 'junk'. The modern proof process looks great and these are the only silver coins with these designs to be true proofs.
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