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sunsetcliff
Penny Pincher Member
USA
101 Posts |
 Posted - 06/21/2009 : 17:02:46
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OK- I went as low as 40%- and maybe over did it. But I see even lesser in coins around the globe.
30% ? I think I seen a peso with 10% ??? The some nickels- what 35%
For those into bullion, what is the lowest content that you collect? After a while- ....well- the mass- and the storage- 90% is more storage then the 40% or more to the point- the hiding spot needs to be 2x as big and ..alot heavier for those who might have to leave fast...or have a bad back pick a reason.
To this point- I do have variety. I am pretty much where I need to be. But the market is evolving- I must as well.
I never thought I would complain about money being too heavy. (even $80 of nickels are)
I moved alot in my life- when I moved across country- if it did not fit in the car- it did not go. I have a big spacious house = but tell myself- don't take the space for granted.
What trend do you see happening-in your region and what do you expect to be hot- as we proceed?
Come on ^rolls dice^ daddy needs a new everything! ;-0
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It is great to be here ~ !
http://groups.yahoo.com/group/silverme/ |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 06/21/2009 : 17:07:58
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| I save any silver that I can get, but if I would have to move which I will because of my job the pennies would be the worst to move. The silver I could trade my 40% to 10 oz bar or bigger. |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 06/21/2009 : 17:13:03
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| Convert it all to gold, wealth you can carry to hell and back. |
Trolling is an art. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 06/21/2009 : 17:28:52
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For the USA, I'd stick with USA silver 40% and 90% coins, and other recognizable forms of silver that could be bartered. In general for your stack, accumulate those forms of PM that you like. If you've got to move out quickly, forget the coppers and nickels; you'll need some silver coins, and as much gold that you could carry that would not slow you down; perhaps diamonds or other jewels.
If you're in a foreign land, stick with the silver and gold coinage that is recognizable in that country. |
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– Theodore Roosevelt
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 06/21/2009 : 17:43:10
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Get whatever you can when you can. You can always trade to what you like later. If you spot a deal...jump on it.
I look at it like this. Save up $200 in copper pennies. Sell for about $300. Sort halves till you have $300 face in 40% halves. Sell those for $40 a roll for a total of $1200.
Now you have 6x what you started with and get an ounce of gold and use the remaining $200 to start over.
All is good and has a purpose. Smaller amounts/ percentages use for small bartering. Use the big amounts for big barters. |
You don't have to be the BEST you just have to be.......SLICK
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 06/21/2009 : 19:59:56
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| 90%. I'd rather find, not buy 40%. And 40% takes up a lot more space. (Yes I did use that argument) |
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RyanAKL
Penny Pincher Member
USA
224 Posts |
Posted - 06/21/2009 : 20:38:58
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Im with you on that one!
quote:
Originally posted by slickeast
Get whatever you can when you can. You can always trade to what you like later. If you spot a deal...jump on it.
I look at it like this. Save up $200 in copper pennies. Sell for about $300. Sort halves till you have $300 face in 40% halves. Sell those for $40 a roll for a total of $1200.
Now you have 6x what you started with and get an ounce of gold and use the remaining $200 to start over.
All is good and has a purpose. Smaller amounts/ percentages use for small bartering. Use the big amounts for big barters.
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Oldpagan
Penny Sorter Member
USA
62 Posts |
Posted - 06/21/2009 : 21:22:45
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quote:
Originally posted by slickeast
Get whatever you can when you can. You can always trade to what you like later. If you spot a deal...jump on it.
I look at it like this. Save up $200 in copper pennies. Sell for about $300. Sort halves till you have $300 face in 40% halves. Sell those for $40 a roll for a total of $1200.
Now you have 6x what you started with and get an ounce of gold and use the remaining $200 to start over.
All is good and has a purpose. Smaller amounts/ percentages use for small bartering. Use the big amounts for big barters.
Well said. Toss a bit of silver bullion in with the gold and your doing well. |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 06/21/2009 : 22:21:55
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| Like some of the others, I favor 90% coins because I believe they will be the easiest to barter with. However, I will occasionally buy 40% halves and even 35% war nickels if the deal is right. A little over 5% of my stash is composed of 40% or 35% coins; I don't have coins with a lower silver percentage. |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 06/21/2009 : 23:40:40
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Ag is Ag!
Get what you can before it busts out and the Ag:Au ratio comes back in line to where it historically has been.
Ag is gong to take off, pow, zoom to the Moon (Alice).
It won't matter what percentage of the lump is Ag, it will be worth more than what you pay for it today (unless you recklessly speculate at the present time). |
There's profit if you melt things!!
8{> |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/21/2009 : 23:57:53
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Like many here, I like 90%.. but it seems everyone always wants a premium for that. You can sometimes get great deals on silver if you are willing to diversify. I have 40% and 35% US.. .925, .800, and .500 Canadian.. many different finenesses of coins from all over the world.. and Yes, even stacks of those 10% pesos.  |
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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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 06/22/2009 : 00:00:05
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| The lowest percentage I buy is 99.9%...I have 90%, but I'm selling as it because I like my stuff pure! |
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sunsetcliff
Penny Pincher Member
USA
101 Posts |
Posted - 06/22/2009 : 12:32:00
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Some great replies. The price is right has been a big factor- that does rotate- one develops an eye. I tried sorting- but... I seem better at scouting. As my brother would call them "a kill deal"
lol.
figure even crap could have value as floods of people come to the next tulip bubble. :-) sort of. |
It is great to be here ~ !
http://groups.yahoo.com/group/silverme/ |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 06/22/2009 : 15:13:38
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If things get as bad as we suspect, I think one would be just fine with any coinage (foreign or domestic) that is easily recognizable and easily verifiable for it's Ag content. That goes for Au too.
I personally wouldn't be too picky if I could score a really good deal.
JMHO
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 06/22/2009 : 16:18:10
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| I don't care what the % is. I look for a good deal. I have a small piggy bank where I keep the "odd" silver coins that I come across. I looked in it the other day. I have 9 troy oz of silver in it (35% to 90%). I have a total of $16 invested in it. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 06/22/2009 : 20:37:59
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| I will buy almost any type of silver if I know I can sell it for more! Than I use that money to buy .999 stuff! |
Copper Penny Investing
www.portlandmint.com |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 06/23/2009 : 10:51:21
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| A bullion dealer I talked to in Switzerland last summer said one of the big price hurdles for silver is that major investors view it as too heavy and so they don't bother with it - if sunsetcliff thinks its too heavy, imagine how Warren Buffet would feel with the type of pile he would want to have. Basically, until silver is over $50, big investors won't want pay attention to it because they see gold as just as good for the job of inflation hedge. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 06/23/2009 : 11:46:06
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quote:
Originally posted by AGgressive Metal
A bullion dealer I talked to in Switzerland last summer said one of the big price hurdles for silver is that major investors view it as too heavy and so they don't bother with it - if sunsetcliff thinks its too heavy, imagine how Warren Buffet would feel with the type of pile he would want to have. Basically, until silver is over $50, big investors won't want pay attention to it because they see gold as just as good for the job of inflation hedge.
He owned something like 130 MILLION Ounces at one time. |
You don't have to be the BEST you just have to be.......SLICK
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 08/14/2009 : 21:23:45
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| I won't ever go below 35% but I do have a hard time buying below 80%. |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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fb101
Administrator
USA
2856 Posts |
Posted - 08/14/2009 : 21:34:30
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I'd go to 50% thinking about Canadian coins, but other than that, 90%.
40% is great if you can find it. ($3.50 oz) |
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 08/14/2009 : 21:37:09
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When you start buying silver with less than 90% you enter a world of headaches. Canadian silver at 80% is okay, sometimes sold at a discount. Canadian 50% is dreadful, low percents and hard to tell from nickel counterparts. 40% halves are bulky and are difficult to refine. 35% silver is in the same boat with harder toxic metals to remove.
Foreign coin from Europe to the 10% Pesos are as useful as 7 Million Marks in Weimar Germany. |
Robber Baron= Robarons |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 08/14/2009 : 21:48:16
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quote:
Originally posted by Robarons
When you start buying silver with less than 90% you enter a world of headaches. Canadian silver at 80% is okay, sometimes sold at a discount. Canadian 50% is dreadful, low percents and hard to tell from nickel counterparts. 40% halves are bulky and are difficult to refine. 35% silver is in the same boat with harder toxic metals to remove.
Foreign coin from Europe to the 10% Pesos are as useful as 7 Million Marks in Weimar Germany.
Unless you own a magnet |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 08/14/2009 : 21:49:22
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| I seem to have a like bit of everything. As I found it I bought it. Now I trying to stay with 90% but once a while I find some cheap so I pick it up. Like last week Canadian 80% dimes for 55 cents each. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/14/2009 : 21:53:06
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| I said it before and I'll say it again. IMHO, 35% silver war nickels are not a good bullion coin. If you can pull them out of circulation @ face value then great. But I wouldn't buy them as a silver investment even if their melt value = spot price. And this is coming from the nickel guy himself! |
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Think positive. |
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 08/14/2009 : 22:06:20
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"Canadian 50% is dreadful, low percents and hard to tell from nickel counterparts."
I guess I what I meant was I think it was 1967 when they both made 80% and 50%, making it hard to tell whats what.
You have to keep in mind that if silver explodes one way to cash out may have to be via refiner, so 35% will take a back seat to 90% or 40%. I agree, 35% is not bullion. If you want a better bullion product buy a round. |
Robber Baron= Robarons |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 08/14/2009 : 22:26:21
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quote:
Originally posted by Robarons
"Canadian 50% is dreadful, low percents and hard to tell from nickel counterparts."
I guess I what I meant was I think it was 1967 when they both made 80% and 50%, making it hard to tell whats what.
You have to keep in mind that if silver explodes one way to cash out may have to be via refiner, so 35% will take a back seat to 90% or 40%. I agree, 35% is not bullion. If you want a better bullion product buy a round.
I know this has been discussed before in other threads, but I will take the opportunity to clarify again for everyone's benefit.
In general, Canadian junk silver is bought and sold as either:
1) 80% (1936-1966 dimes and quarters, plus 1967 halves and dollars)
2) 50% (exclusively 1968 dimes and quarters, which have to be differentiated from 1968 nickel pieces as the RCM changed the composition mid-year)
3) 1967 dimes and quarters were minted in both 50% and 80% versions in approximately equal amounts and are impossible to differentiate without refining them. For valuation purposes, most dealers consider it to be a 50:50 "blend" and price it at a 65% equivalent rate.
It is also interesting to note that a very large and local dealer told me that most older Canadian junk silver contains significant amounts of gold. He claims that the latest batch (about $2000 FV, I believe) that he sent back the mint for refining assayed out 4 ounces of gold!!! This is presumably due to sloppier procedures in the 40s and 50s. I found it hard to believe, but he has no reason to lie. |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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Lowest % you buy on silver? YOU
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