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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
 Posted - 01/24/2009 : 19:46:54
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I have the choice to buy 1200 ($300.00 face) 90% Silver washington quarters at 9X face. Who would make this purchase and who would not?
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You don't have to be the BEST you just have to be.......SLICK
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natsb88
Administrator
USA
1850 Posts |
Posted - 01/24/2009 : 19:53:38
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That's better than any price I can find online. If nothing else, you could probably turn around and sell them on Nucleo or eBay for a quick profit  |
Nate
The Copper Cave
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fb101
Administrator
USA
2856 Posts |
Posted - 01/24/2009 : 20:01:27
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quote:
Originally posted by natsb88
That's better than any price I can find online. If nothing else, you could probably turn around and sell them on Nucleo or eBay for a quick profit
agreed. You could get your money back quick and keep the profits in silver at $0.00 per oz. |
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Edited by - fb101 on 01/24/2009 20:01:44 |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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natsb88
Administrator
USA
1850 Posts |
Posted - 01/24/2009 : 20:05:21
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| Just FYI, APMEX is selling rolls of quarters for 11.6x face. |
Nate
The Copper Cave
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faithnotwork
Penny Pincher Member
USA
121 Posts |
Posted - 01/24/2009 : 20:50:24
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$300 is .723 x 300 = 216.9 troy ounces of silver.
Assuming $2700 with no shipping and insurance costs ($300 x9), the price you pay per ounce is $12.49 per troy ounce. Hard to beat that right now.
Also, if you are looking to resell, people are always interested in 90%, since its "real money" to them, and it also has intrinsic value with the silver - since some people are spooked by bullion.
Anyway, I'm sure you know all this , but based on these facts, I would say BUY! |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 01/24/2009 : 20:57:29
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| Hard to get 90% around 9x here. If I was into the market I'd buy.. I'd probably buy it now. |
Trolling is an art. |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 01/24/2009 : 22:59:28
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| I would so jump on that. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 01/25/2009 : 00:09:30
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| Yeah if it was cash and carry, with no shipping fees or taxes, and anonymous, then by all means do it. You can either sit on it for awhile or break it down into $10 face lots and make a little profit on each. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 01/25/2009 : 10:23:07
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That is a good price (even if there was a modest shipping cost).
I'd buy them.
If even 1/2 of them are nice you could realize a numismatic premium should you choose to sell quickly.
You don't see many 90% Quarters at local shops these days. |
There's profit if you melt things!!
8{> |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 01/25/2009 : 11:45:51
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quote:
Originally posted by Computer Jones
That is a good price (even if there was a modest shipping cost).
I'd buy them.
If even 1/2 of them are nice you could realize a numismatic premium should you choose to sell quickly.
You don't see many 90% Quarters at local shops these days.
I beg to differ. When I buy I usually have a choice between denominations. My dealer says his dollars and halves are the first to go, followed by the dimes. He almost always has at least one bag of quarters, mixed styles. 9X face is good now.
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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misteroman
Administrator
USA
2565 Posts |
Posted - 01/26/2009 : 10:51:43
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| could get all I wanted dimes and quarters last week for 9X might be a little higher now |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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keys
Penny Collector Member
383 Posts |
Posted - 01/26/2009 : 15:47:10
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If you have the cash on hand, buy now.
In that batch of 90% quarters there might be a semi-rarity waiting for you to find it. |
I change with the times-
but like silver coins found in your change
I stay the same.
*****************
The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 01/27/2009 : 14:32:44
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Allow me to amend my previous post:
I'm unable to find many 90% Quarters in the coin shops that I get to frequent in the Tacoma and South Seattle area of Washington state.
The last shop I was in that had any was offering very worn slicks for 13x face, they had about 20 in the box they were displaying.
It seems that 90% Quarters are not so rare in other places of the USofA.
I'd still buy as many of the 1200 at 9x face if I could. |
There's profit if you melt things!!
8{> |
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90% Quarters? 9 X face
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