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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
 Posted - 07/24/2010 : 15:30:45
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I have just been sorting halves for the last 3 weeks or so and have found a lot of 40% halves and a handful of 90%.
It is hard for me though to think of selling them. I kind of look at them as a trophy for my sorting.
Do most of you hold onto the halves you find? If you hold onto them and don't sell, is it strictly because you are saving them for the silver or is a combination of holding onto them for the silver and keeping them as a trophy?
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SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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bman
Penny Collector Member
USA
425 Posts |
Posted - 07/24/2010 : 15:55:11
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| I sell mine to pay for numismatic coins for my collection or just to have extra cash to buy more rolls. |
check out my coins for sale on ecrater : http://bmanscoinsforsale.ecrater.com/ |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 07/24/2010 : 16:56:05
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| hang on to them and wait for the price to go up |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/24/2010 : 17:20:42
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| I have found a lot of 90% silver coins during my lifetime but the ones I find now will be with me for a very long time. |
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Think positive. |
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fb101
Administrator
USA
2856 Posts |
Posted - 07/24/2010 : 20:17:32
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| holding. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 07/24/2010 : 20:46:22
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| Holding onto every one I find (and BUY). One more tragic step by the governments of this world and you will be glad you kept yours too. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 07/25/2010 : 04:15:05
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| holding... can't beat silver at face value..... |
"May your percentages ever increase!" |
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JustSayNoToFiat
Penny Pincher Member
110 Posts |
Posted - 07/25/2010 : 04:18:43
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Hold. The best (or worst) is yet to come.
Why would you trade your real money for fiat? |
It's Half Time...all the time. |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 07/25/2010 : 06:18:36
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Holding.
If we go hungry for three days, or need medicine for dire medical emergency... I will think about selling. You know, basic TSHTF stuff. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 07/25/2010 : 06:20:30
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Well I dont usually buy 40% silver so was just curious if some of you would sell your 40% to buy 90% or to buy gold
However, since I found this 40% it is a little harder for me to consider letting go |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 07/25/2010 : 06:27:38
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Selling 40% to get 90% or silver/gold bullion would be a good move.
The day may come when PM's cannot be purchased at any price using fiat currency due to permanent backwardation. (Read Antal Fekete's Gold University Live webpage.)
BTW. Sounds like you are making some great finds! Do you know your percentages? Country's tracking thread is making me start up sorting raw coins again. My first $1,000 bag arrives Tuesday. |
Edited by - Sheikh_yer_BuTay on 07/25/2010 06:38:05 |
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wayne1956
Penny Pincher Member
177 Posts |
Posted - 07/25/2010 : 07:41:25
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quote:
Originally posted by Sheikh_yer_BuTay
Selling 40% to get 90% or silver/gold bullion would be a good move.
The day may come when PM's cannot be purchased at any price using fiat currency due to permanent backwardation. (Read Antal Fekete's Gold University Live webpage.)
BTW. Sounds like you are making some great finds! Do you know your percentages? Country's tracking thread is making me start up sorting raw coins again. My first $1,000 bag arrives Tuesday.
That is exactly what I did. I had accumulated quite a store of 40%, and took them to Dallas Gold & Silver. After I sold them I took out of that amount what I had into it for face value, then took the rest and purchased silver bullion. I purchased 252 ounces, and since I had already taken out the FV, it was free silver. |
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brian0918
Penny Collector Member
USA
315 Posts |
Posted - 07/25/2010 : 07:45:54
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quote:
Originally posted by wayne1956
That is exactly what I did. I had accumulated quite a store of 40%, and took them to Dallas Gold & Silver. After I sold them I took out of that amount what I had into it for face value, then took the rest and purchased silver bullion. I purchased 252 ounces, and since I had already taken out the FV, it was free silver.
How long did it take you to accumulate ~2500 40% halves? |
"The man who speaks to you of sacrifice, speaks of slaves and masters. And intends to be the master." -- Ayn Rand
Searched: $2230 Nickels; Liberty: 1; Buffalo: 4; War: 20; 2009: 2; 2010D: 8 |
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Heartkill
Penny Sorter Member
USA
91 Posts |
Posted - 07/26/2010 : 06:52:16
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| Holding. Again, it's hard to beat any kind of silver at face value. |
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wayne1956
Penny Pincher Member
177 Posts |
Posted - 07/26/2010 : 06:56:11
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quote:
Originally posted by brian0918
quote:
Originally posted by wayne1956
That is exactly what I did. I had accumulated quite a store of 40%, and took them to Dallas Gold & Silver. After I sold them I took out of that amount what I had into it for face value, then took the rest and purchased silver bullion. I purchased 252 ounces, and since I had already taken out the FV, it was free silver.
How long did it take you to accumulate ~2500 40% halves?
About 4 years |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 07/26/2010 : 07:19:20
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quote:
Originally posted by wayne1956
quote:
Originally posted by Sheikh_yer_BuTay
Selling 40% to get 90% or silver/gold bullion would be a good move.
The day may come when PM's cannot be purchased at any price using fiat currency due to permanent backwardation. (Read Antal Fekete's Gold University Live webpage.)
BTW. Sounds like you are making some great finds! Do you know your percentages? Country's tracking thread is making me start up sorting raw coins again. My first $1,000 bag arrives Tuesday.
That is exactly what I did. I had accumulated quite a store of 40%, and took them to Dallas Gold & Silver. After I sold them I took out of that amount what I had into it for face value, then took the rest and purchased silver bullion. I purchased 252 ounces, and since I had already taken out the FV, it was free silver.
Wow. Awesome job! How many hours did you average per week over four years? |
Edited by - Sheikh_yer_BuTay on 07/26/2010 07:20:05 |
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walt2727
New Member
3 Posts |
Posted - 07/26/2010 : 11:59:52
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| Holding. |
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Corsair
Penny Hoarding Member
811 Posts |
Posted - 07/26/2010 : 12:11:35
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The little silver I find is being held.
College is coming up. Hopefully the silver price is headed that way too. |
So long, Realcent 1. Come visit us at Realcent.org! |
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coinwolf
Penny Collector Member
USA
277 Posts |
Posted - 07/26/2010 : 19:52:52
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Sell my 40% about twice a year and then reinvest in 90% or engelhard rounds or bars. Just what I do |
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wayne1956
Penny Pincher Member
177 Posts |
Posted - 07/27/2010 : 12:24:55
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quote:
Originally posted by Sheikh_yer_BuTay
quote:
Originally posted by wayne1956
quote:
Originally posted by Sheikh_yer_BuTay
Selling 40% to get 90% or silver/gold bullion would be a good move.
The day may come when PM's cannot be purchased at any price using fiat currency due to permanent backwardation. (Read Antal Fekete's Gold University Live webpage.)
BTW. Sounds like you are making some great finds! Do you know your percentages? Country's tracking thread is making me start up sorting raw coins again. My first $1,000 bag arrives Tuesday.
That is exactly what I did. I had accumulated quite a store of 40%, and took them to Dallas Gold & Silver. After I sold them I took out of that amount what I had into it for face value, then took the rest and purchased silver bullion. I purchased 252 ounces, and since I had already taken out the FV, it was free silver.
Wow. Awesome job! How many hours did you average per week over four years?
Not really that many. I pick up four boxes every other week from my supply bank, which comes out to a little over 100 boxes per year. And when I go to visit kin every couple of months (they live 150 miles away) I have a specific route I take, and a couple of times have snagged better than 200 40% each time. And once a week will also go by a couple of banks on the way home from work, and they produce occasionally, but not that steady. I have kept every 90% I have found, which totals about 1200 coins. |
Edited by - wayne1956 on 07/27/2010 12:27:40 |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 07/27/2010 : 12:53:10
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Thanks Wayne,
In the mid-70's some cashiers & tellers were downright hostile to my silver coin searches. The percentages were so low, I decided it was not worth the effort anymore. In fact, my whole family gave up sorting coins.
Something must have changed. Maybe the banks wore out their silver coin separating machines and silver has crept back into circulation from old coin collections.
Anyway, my first bag arrives today. I will get started again. You make it sound very "do-able". |
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Nickelless
Administrator
USA
5580 Posts |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 07/27/2010 : 13:49:44
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Thanks, Nickelless,
I gave your site a quick scan. Will have to read up on it later, tonight (AFTER sorting halves!).
We are doing everything we can to get ready for the unexpected. We grow veggies in our backyard, put-up all we can.
I really need a new place to do all this on. I have run out of room for the things I want to do. Storage cellar with at least 3 feet of dirt on top, large water storage, etc., etc. |
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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 07/27/2010 : 13:51:29
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| Holding for now. Might sell some 40's and buy some .999 and more gold. |
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand
________________________________________________
Lenin: Class-based International Socialism
Hitler: Race-based National Socialism
Obama: Class- and Race-based Post-National Socialism
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wayne1956
Penny Pincher Member
177 Posts |
Posted - 07/27/2010 : 15:16:32
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quote:
Originally posted by Sheikh_yer_BuTay
In the mid-70's some cashiers & tellers were downright hostile to my silver coin searches. The percentages were so low, I decided it was not worth the effort anymore. In fact, my whole family gave up sorting coins.
Something must have changed. Maybe the banks wore out their silver coin separating machines and silver has crept back into circulation from old coin collections.
Anyway, my first bag arrives today. I will get started again. You make it sound very "do-able".
I basically try to avoid being a problem for them, such as ordering a lot of coins. I keep it down to four boxes at one time every couple of weeks so I do not get them irritated, and do not bring my dumps back to them. Time to time I will make up a batch of sugar coated pecans (since I make them they are relatively cheap) and they love them. Sometimes they will also have the small dollar coins they get tired of counting, so I will buy them to help them out, then spend them in the machines that take the dollar coins (I would be spending a dollar bill in there anyway). You just have to remember you will go thru periods of getting skunked, you just have to be persistant and keep at it. |
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Selling the silver you find when sorting halves
Forum Locked
I can suggest a good Non-Metals section on a really cool site that can give you a lot of information.
