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coppernicus
Penny Collector Member
USA
383 Posts |
 Posted - 06/15/2008 : 20:36:18
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What is the average cost of the silver you have hoarded? Have you already profited big time or just getting in recently?
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Steiner
Penny Collector Member
Canada
278 Posts |
Posted - 06/15/2008 : 22:14:55
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All the way from face to $5 oz to $14 and even up to $18 an OZ.
Cost? It is hard for me to say maybe $2000-$2500 over time.
The value...... Mah ha ha ha....!!!
I am not telling!
Steiner |
Steiner |
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n/a
deleted
139 Posts |
Posted - 06/16/2008 : 08:57:33
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FOR THE LAST COUPLE OF YEARS ITS BEEN ON THE HIGHER SIDE IN RELATION TO SPOT.
5 OR 6 YEARS AGO I BOUGHT A COUPLE OF BAGS SO THAT BRINGS MY OVERALL COST AVERAGE TO ABOUT HALF OF CURRENT SPOT I WOULD GUESS. HAVENT REALLY THOUGHT ABOUT IT. IVE SEARCHED BOXES OF HALVES, QUARTERS,DIMES AND GOT A FEW AT FACE THAT WAY, SOME IN CHANGE OVER THE YEARS. I BUY SOME SILVER EVERY WEEK FROM 4 OR 5 DOLLARS YEARS AGO TO 20 DOLLARS A FEW MONTHS AGO. COST? HAVENT FORMALLY COUNTED IT ALL. SOME ARE IN ALBUMS, SOME IN PLASTIC ROLLS, SOME IN AMMO CANS. CONSERVATIVELY ID GUESS AT LEAST A COUPLE GRAND IN FACE VALUE. |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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PennehChaos.
Penny Collector Member
USA
269 Posts |
Posted - 06/16/2008 : 09:35:58
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| Ack. A lot higher than i'd like, but i've mostly been getting coins with some collector value. |
Considering Verizon Business service? Perhaps you'd like to consider a nice drain cleaner enema instead? |
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fb101
Administrator
USA
2856 Posts |
Posted - 06/16/2008 : 17:21:38
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| I don't count collector coins as silver, including my partial eagle collection, but my average price is about $7 an ounce. The average came down from "finds" and some silver I spotted way below market price. Used to be about $13. |
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ME CO
Penny Pincher Member
USA
199 Posts |
Posted - 06/16/2008 : 18:41:25
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| My silver has been costing ME about $2.50 an ounce. HH Mark |
"54/54/2280" |
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davycoppit
Penny Pincher Member
USA
126 Posts |
Posted - 06/16/2008 : 19:11:10
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| I would say my average is about 13-14 dollars an oz for.999. |
Edited by - davycoppit on 06/16/2008 20:06:23 |
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Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 06/16/2008 : 20:19:32
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| Mines around 13ish. I also don't count my collector coins. I have my collection, and my hoard. My collection is not for sale. My hoard is open for wheeling and dealing if I see something I like. |
Are you throwing that out? |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 06/16/2008 : 21:46:42
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| I have over 100 oz and it cost me less than $3.50 per oz. All has been collected in the last 18 months from sorting. |
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natsb88
Administrator
USA
1850 Posts |
Posted - 06/16/2008 : 22:56:27
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Yeesh, ya'll got some low averages! I've only been collecting since January so my average is over $18 right now. However that includes several 1/10 ounce Engelhard Prospectors and a bunch of Liberty Dollars which all have premiums way above spot, and my hoard is pretty small. Now that I'm more informed from reading this forum I rarely pay premiums for more desirable pieces; instead whenever I buy I try to beat my average (like two 1-ounce 999 rounds I got on eBay last week for $8.70 each, shipping included  ). |
Nate
The Copper Cave
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magnasort
Penny Pincher Member
USA
174 Posts |
Posted - 06/17/2008 : 07:26:31
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| Garage sales $3/oz, ebay $13/oz (silver), garage sale gold 50/oz. |
Magnetic sorters, no moving parts except the coins |
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kavajava
Penny Collector Member
USA
490 Posts |
Posted - 06/17/2008 : 23:16:42
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| I gotta start hitting the garage sales... |
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swusc
Penny Hoarding Member
USA
553 Posts |
Posted - 06/18/2008 : 07:55:08
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Lets see the 90% are costing me about $1.38 an oz and the around $3.40 an oz assuming my math is right. That doesn't take into account the time to find and sort the halves though. If you figured any hourly rate, then it would be higher. :)
-SWUSC |
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 06/18/2008 : 14:50:54
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| Well I just wish I could sort for silver... guess I'll stick to trading you guys for Nickel I sort for Silver you sort. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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nckt
Penny Collector Member
USA
304 Posts |
Posted - 06/18/2008 : 19:10:52
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| i bought a 100 ounce bar when it was at $6, well i didnt really, my dad took the money my Grandpa gave me for fun, and bought silver with it. I was mad at the time, but now i am very happy. |
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hector6man
Penny Pincher Member
USA
129 Posts |
Posted - 06/26/2008 : 04:11:39
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| lol, nckt I wish my mother would've did the same for me. If you don't mind me asking, how old are you? I ask because my little brother just started investing into eagles and he's only 11. I remember in '05 I had bought my first 100 ounce silver bar @ $12. I use to sleep with it, also eat with it and work out with it but then bills started to add up and so in '06 I sold it. I wish I was young, I would never have any expenses like I do now! |
"Ninety-nine percent of the failures come from people who have the habit of making excuses." -George Washington
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nckt
Penny Collector Member
USA
304 Posts |
Posted - 06/27/2008 : 23:30:37
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quote:
Originally posted by hector6man
lol, nckt I wish my mother would've did the same for me. If you don't mind me asking, how old are you? I ask because my little brother just started investing into eagles and he's only 11. I remember in '05 I had bought my first 100 ounce silver bar @ $12. I use to sleep with it, also eat with it and work out with it but then bills started to add up and so in '06 I sold it. I wish I was young, I would never have any expenses like I do now!
I'm 15, good for your little brother! |
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Average cost of your silver?
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