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wagsthadog
Penny Hoarding Member
USA
565 Posts |
 Posted - 07/07/2010 : 19:09:12
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Hi all-
I think this topic was covered a long time ago but I forgot. Anyway, I'm thinking of pulling the trigger on a $1000 FV bag of silver; has anyone bought one of these in the past? What was your experience? Was the bag's silver in good shape? Or, was it holey and bent, full of slicks and crap? or a mix?
I'm not planning on buying a specific bag denomination, just $1000 FV.
Thanks!
wags
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Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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Nickelless
Administrator
USA
5580 Posts |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/07/2010 : 21:02:33
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I have boughts lots of those thru the years. The silver is getting worse as supply dries up. Depends who you buy from. I only have experience with APMEX and BullionDirect... but the halves that BD sent me (and this was four or five yrs ago) were in bad condition... lots of slick walkers, corroded and bent franklins, beat up or badly tarnished kennedy's. I won't deal with them again. Tulving or APMEX are your best choices.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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darsemnos
Penny Sorter Member
96 Posts |
Posted - 07/07/2010 : 21:30:48
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| I bought $1000 face in quarters from APMEX. Not one had a hole in it or was bent that I noticed. All were in pretty good shape, some in very good shape. That's except for the standing liberty quarters that were also in there - maybe a dozen. These were pretty slick, with no legible date. |
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Nickelless
Administrator
USA
5580 Posts |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 07/07/2010 : 22:23:30
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| I think it's stupid how they pay you by the weight. But sell to you by the face. |
Trolling is an art. |
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Nickelless
Administrator
USA
5580 Posts |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/07/2010 : 22:59:11
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| I haven't compared weights... but the older the coins you get the less you get for your money... plus they charge a premium. If you want the most for your money get kennedy halves (if no premium charged) or rosie dimes. Next in line would be Washington quarters. If you insist on Barbers, of any denomination, you're paying full price for 90% of the silver wt you would get with newer coins. Most barbers will be AG, nearly slick. I used a gram scale on several hundred Barbers of each denomination to determine this. I know, I know... there's nothing of numismatic interest in the new stuff... but then again, if you're buying it for bullion you want as much as you can get as cheaply as you can get it. IF TS ever HTF no one will pay you anymore for a scarce Barber than they will a common Franklin half. If you think the really bad days are coming... then I advise dumping anything with a numismatic premium while you can still get buyers to pay them. For anyone who wants to devote ten minutes, here's a link to an article I wrote about this very subject for Financial Sense: You must be logged in to see this link. |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 07/08/2010 : 01:53:10
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I wish,
BUt now that a $1000 bag would cost more than $10, 000 then I don't think I would buy it, out of principle.
I would stick to $500 bags.
Keeps the paperwork down. |
"May your percentages ever increase!" |
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wayne1956
Penny Pincher Member
177 Posts |
Posted - 07/08/2010 : 07:16:40
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| I have purchased $250 silver quarter bags from Northwest Territorial Mint, and other than a few no date SLQ's, I had no bent or damaged coins. It even had some SLQ's with partial and full dates. Have yet to try APMEX, will have to check them out and compare the two. |
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 07/08/2010 : 17:43:52
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Hi all-
Interesting; I'm not paranoid or anything, I know that you're buying cheap, bulk, circulated silver. I would have no problem with even a few rolls of slicks in the bag, but I just don't want every other coin to have issues. If I emptied the bag hand by hand and only one or two coins in each handful had issues, I'd still be happy.
Good responses- any more??
Thanks, wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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Quagmire
Penny Sorter Member
62 Posts |
Posted - 09/01/2010 : 00:00:57
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| I bought a $500 of 90% halves (about 65% JFK 30% Fanklin with a few walkers/barbers I think, maybe not at all though) from apmex, as well as assorted dimes and quarters from apmex. All of the coins I received were in very good condition as bullion coins and I have no negative comments about these coins. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/01/2010 : 00:09:39
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I think you would do best by checking prices from the big sellers, then offer to buy your silver here from other members with good feedback.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 09/01/2010 : 04:50:36
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i have had very long delays getting product from monex and nwt.
tuliving has been pretty good. his price is usually the best or if not best very close.
lately i have gotten a few non silvers mixed in but that's rare.
JFKs would have the most silver, followed by bens.
the walkers get pretty slick.
dimes are probably better than quarters but are a lot harder to deal with, count, etc unless you have petite hands.
quarters can be pretty slick, esp standing liberys.
at tulving, i think junk is +19 and halves +49. so for 30 cents an ounce you can get halves which are a lot easier to count and you probaly get more silver if they are jfk. of course, you could end up with all WL's. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 09/01/2010 : 12:51:02
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quote:
Originally posted by Lemon Thrower
at tulving, i think junk is +19 and halves +49. so for 30 cents an ounce you can get halves which are a lot easier to count and you probaly get more silver if they are jfk. of course, you could end up with all WL's.
This passage sounds like a really good deal if the WL's aren't slicks. Don't they sell at a premium above melt, or the less circulated kennedy's.
Also Wags are you really still thinking about a $1000 bag now that silver's spiked so much? |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 09/01/2010 : 13:21:46
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not sure what everyone else means by slicks. if a coin has a readable date is it a slick? very few of the halves i have gotten from dealers did not have readable dates, and generally those were barbers! i think that is just the way it is with halves.
I have a decent amount of WL's, Bens, and Mercurys. I would be willing to sell these at 1X over melt, but really I don't think they get much of a premium.
JFK's were only made for a year before the metal changed, so those rarely have much wear. walkers have the most so from a silver point of view i don't see paying a premium. some folks like them because they can be certain their are no clad jfk's in there, which makes sense to a limited degree.
personally i like walkers and bens and i think their relative rarity is very udnerappreciated. it is particularly difficult to find many walkers before 1940. you'll find some but its less than 10%. and barbers are found quite rarely.
that said, my son was 5 and the first bag he helped me search he found an 1982-s in G-8/12 within his first minute of sorting. coin is worth $250-350. this was in a bag bought from a coin dealer no less.
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Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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wayne1956
Penny Pincher Member
177 Posts |
Posted - 09/03/2010 : 10:26:52
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quote:
Originally posted by Lemon Thrower
not sure what everyone else means by slicks. if a coin has a readable date is it a slick? very few of the halves i have gotten from dealers did not have readable dates, and generally those were barbers! i think that is just the way it is with halves.
I have a decent amount of WL's, Bens, and Mercurys. I would be willing to sell these at 1X over melt, but really I don't think they get much of a premium.
JFK's were only made for a year before the metal changed, so those rarely have much wear. walkers have the most so from a silver point of view i don't see paying a premium. some folks like them because they can be certain their are no clad jfk's in there, which makes sense to a limited degree.
personally i like walkers and bens and i think their relative rarity is very udnerappreciated. it is particularly difficult to find many walkers before 1940. you'll find some but its less than 10%. and barbers are found quite rarely.
that said, my son was 5 and the first bag he helped me search he found an 1982-s in G-8/12 within his first minute of sorting. coin is worth $250-350. this was in a bag bought from a coin dealer no less.
1982-S for $250 - $350???
Generally folks refer to a coin that has had a lot of wear as a slick, whether it has a date or not. The vast majority of the barbers and early walkers purchased as junk silver fall into this category. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 09/03/2010 : 12:03:08
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I think Lemon Thrower meant an 1892-S Barber which is very scarce. 
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Edited by - Country on 09/03/2010 12:04:32 |
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Silver $1000 FV bags- experiences?
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