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Bootstrap
Penny Collector Member
USA
279 Posts |
 Posted - 08/14/2009 : 22:38:34
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quote:
Originally posted by Ardent Listener
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!
What are your thoughts on US 40% silver? |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/16/2009 : 17:25:46
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quote:
Originally posted by Bootstrap
quote:
Originally posted by Ardent Listener
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!
What are your thoughts on US 40% silver?
IMO, a much better bullion coin than 35% nickels. It's not the extra 5% that makes them so. But rather the rest of the metals in the 60% of the coin that makes them much easier to smelt down to .999 silver.
Don't get me wrong, I like war nickels as a collector's coin and I'm sure on the look out for them when I sort nickels. |
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Think positive. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/17/2009 : 01:35:18
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I like them 10% Mexican silver coins.. you get a lot of them for your money and they tend to sell well below melt.  |
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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novillero
Penny Sorter Member
USA
86 Posts |
Posted - 08/17/2009 : 14:26:40
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These sorts of threads give me pause on buying more 35% -- there is a sale now in Buy It Now that is below melt for a small amount that I contemplated.
Surely, I don't want to buy something no one wants, and I have some 35% if all I wanted to do was to hold it for show. |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 08/18/2009 : 22:01:29
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Buy Ag, any Ag, now while you can at depressed prices.
As time goes by, you'll be glad you did! |
There's profit if you melt things!!
8{> |
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 08/19/2009 : 00:14:44
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What would be interesting is for someone to figure out the buy/sell price on 35% and 40% NOW. If its low or difficult to get a fair price now, then what will happen if silver hits $50? Some places, like Kitco, do not even list a buy price on 35%.
I hate to say this, but this goes x2 harder on gold. Unfamiliar gold is just as hard to sell. That 20 Centavo from Uruguay might be harder to sell that a 1/10 GAE to certain dealers and people as well. |
Robber Baron= Robarons |
Edited by - Robarons on 08/19/2009 00:59:37 |
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Oldpagan
Penny Sorter Member
USA
62 Posts |
Posted - 08/19/2009 : 20:15:31
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quote:
Originally posted by Neckro
Convert it all to gold, wealth you can carry to hell and back.
Well said! |
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thewalrus81
Penny Sorter Member
93 Posts |
Posted - 08/19/2009 : 20:36:15
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quote:
Originally posted by HoardCopperByTheTon
I like them 10% Mexican silver coins.. you get a lot of them for your money and they tend to sell well below melt.
Hoard, I love those coins as well, but I have a hard time finding them at or below melt...I've only got 21 of them, most of which I bought at $1.00 each, but was able to get a few at $0.75...all the ebay auctions I see have them average around $1.25 - $1.50 each; Apmex as well is in the $1.50 range...is there any place online that you know of that sells them under $1? |
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PennehChaos.
Penny Collector Member
USA
269 Posts |
Posted - 08/25/2009 : 15:21:19
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i accumulate war nickels for their historical value out of roll sorting; i only buy high-grade examples for collector value. i agree that they don't make good bullion.
i just flat-out don't like 40%... the only good thing about them, as far as i'm concerned, is that they sometimes show up at face value, and other people will buy them for a multiple of face. |
Considering Verizon Business service? Perhaps you'd like to consider a nice drain cleaner enema instead? |
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Lowest % you buy on silver? YOU
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