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misteroman
Administrator
USA
2565 Posts |
 Posted - 05/07/2008 : 00:15:27
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4500+ silver dimes.I was High bidder at 10X face but reserve was not met.Funny though, his past auctions were no reserve.I sent him a email with a better offer off ebay and will wait to see what he says.
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Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 05/07/2008 : 06:27:13
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Kinda high reserve. Hope you get them.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 05/07/2008 : 06:38:35
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| his reserve is almost reasonable. A local coin dealer by me is paying 11x face right now, and his reserve is a little over 11x face. |
"99% of all lawyers give the rest of them a bad name" 
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Know Common Cents
Penny Pincher Member
195 Posts |
Posted - 05/07/2008 : 22:06:17
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At 10X face, I'd have jumped all over them, too. Even at 11X, it seems reasonable. A good deal is really only good (or great) if it materializes. I still think silver is going to outperform gold in the 2nd half of 2008 and it may just be worth paying a little on the high side to get that quantity at one time.
Hannes Tulving (You must be logged in to see this link.) is selling $500 face bags of US 90% silver for spot silver minus 50 cents (times half the 715 ounces of silver found in a $1000 face bag). I always use that pricing as sort of my barometer as he's a high-volume dealer. |
Here in Wisconsin, we have some of the highest property and gasoline taxes in the US. We're squeezed so much, I have to make my daughter wear penny boxes for shoes. At least she has an endless supply. |
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 05/08/2008 : 00:53:34
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| Well, I happen to think it will be closer to two years before you show a profit in silver. We all know silver will go up, we just can't predict the timing. But based on performance so far this century I think it will be two years and then about 100% rise. That is to say you could just as well do something else with the money and buy in fall 2009 to catch the rise in winter. |
A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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psi
Penny Collector Member
Canada
399 Posts |
Posted - 05/10/2008 : 14:01:42
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| I wonder how much lighter so many dimes would be due to wear than when they were minted? You'd think dimes would wear quicker than bigger coins. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 05/10/2008 : 18:37:15
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quote:
I wonder how much lighter so many dimes would be due to wear than when they were minted? You'd think dimes would wear quicker than bigger coins.
As a rule of thumb, bullion dealers that sell "junk" silver coins figure about 715 ounces of silver per $1000 face. When originally minted, $1000 worth of silver dimes would have had about 724 ounces of silver, so they figure on losing about 2.5% of the original silver.
Interestingly, I have seen some sights out there that charge a small premium for half dollars basing it on the half dollars having more silver due to being less circulated. I have seen 718-720 ounces quoted for $1000 worth of silver half dollars, so roughly 0.5% to 1.0% loss of silver. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Look what I was high bidder on
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