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RyanAKL
Penny Pincher Member
USA
224 Posts |
 Posted - 07/15/2009 : 07:02:19
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I was wondering what you guys thought about this, should i sell my stash of 40 percent halves and invest it in pure silver or should i just hold on to it? what are your plans with your 40 percent?
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GA-Silver
Penny Pincher Member
USA
238 Posts |
Posted - 07/15/2009 : 07:42:39
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| I'm keeping what 40% I have. Silver is silver. However, personally I am now only buying 90% unless I just get a great deal on the 40%. Basically the 40% stuff just takes up too much storage space, but I would not sell the stuff at fire sale prices just to get rid of it. |
Edited by - GA-Silver on 07/15/2009 07:43:25 |
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 07/15/2009 : 07:42:46
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quote:
Originally posted by RyanAKL
I was wondering what you guys thought about this, should i sell my stash of 40 percent halves and invest it in pure silver or should i just hold on to it? what are your plans with your 40 percent?
No matter the price, sell them. Use the proceeds to purchase your next batch of circulating halfs from the bank.
Keep the 90's, sell the 40's.
If you can get a good trade of 40% to 999, then take that instead. But good trades will be tough to get |
goto the new and improved realcent: http://realcent.org |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 07/15/2009 : 08:04:28
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I'm keeping both 40% and 90%. If the price is right, I'd buy more of either with fiat.
Doing trades is expensive; shipping costs add up. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 07/15/2009 : 11:16:05
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Keep them. In any trade you loose part of the value. I like the 40% as it is silver and most people will see a large coin of silver and the mental effect is a better deal.
I think in a price fxing situation these will be valuable to have. When you offer to buy at face vaule with some 40% silver mixed in it will meet the rules, but also give you an advantage over others. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 07/15/2009 : 13:52:07
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| If someone is interest I would love to trade my 40% for .999 silver bars or rounds. |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 07/15/2009 : 18:04:36
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| I keep both if I can get a good deal, but now I trying for 90% if I have to buy it. I would consider trading silver bars for 40% but with 40% selling below I dont't if a person can put a deal together |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 07/15/2009 : 18:23:18
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I would trade them for 90% or .999 fine. Problem is your going to take a hit because .999 normally carries a premium and sometimes 40% goes under spot.
I would talk to a few local dealers or something and see what they can do for you. It helps if you buy something also during the trade. Os if he offers you say 25 ounces than say what if I buy another 10 ounces on top of the trade...can you give me a better trade price?
Theres lots of ways of working with it, but buying something is key because the dealer wants to make money. If he knows he is making money in the sale than he/she probably will be more willing to work with you on the trade.
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Copper Penny Investing
www.portlandmint.com |
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Bootstrap
Penny Collector Member
USA
279 Posts |
Posted - 07/15/2009 : 18:41:40
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| What is the need to flip 40%? Silver is Silver. |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 07/15/2009 : 18:48:47
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| Silver is silver until you need cash and can't find anyone to buy it. |
Trolling is an art. |
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 07/15/2009 : 20:10:03
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Hi there-
I used to liquidate 40% and war nicks cuz I was also worried about someone not willing to buy it, but cmon- If things get REALLY bad, people are going to be doing ANYTHING to get precious metals.
F'r instance, people are getting electrocuted and willing to risk death just to get copper tubing. I don't think anyone will turn their nose up at a recognized gold or silver coin of ANY purity if SHTF.
Only thing I wouldn't get into is numismatic pieces or weird commemorative stuff from other countries.
90% is the best though- :D JMO
wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 07/15/2009 : 20:38:20
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| The ones stealing copper from electrical plants are druggies. They are retarded re fried idiots |
Trolling is an art. |
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RyanAKL
Penny Pincher Member
USA
224 Posts |
Posted - 07/15/2009 : 20:54:37
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| thanks for all the info, i think i might just hold on to all my 40 percent right now untill i dont have the room to stash it or i can get a good deal. but alot of good points were made. |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 07/15/2009 : 21:33:40
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Don't sell any Ag if you don't have to.
The Ag price is going to Rocket! |
There's profit if you melt things!!
8{> |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 07/15/2009 : 22:39:40
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quote:
Originally posted by Bootstrap
What is the need to flip 40%? Silver is Silver.
40% takes a lot more effort and money to refine than 90%. Therefore it usually sells at a discount. When prices go really high your 40% will most likely be worth a lot less than melt value.
If your local coin dealers where in business when silver hit $50/oz they will tell you that not even 90% was selling near spot.
Yes, I know that if silver goes way high now that its a total differnt senario, but the costs of refining 40% is a lot more than 90% still. |
Copper Penny Investing
www.portlandmint.com |
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Bootstrap
Penny Collector Member
USA
279 Posts |
Posted - 07/15/2009 : 22:53:52
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I hate to say, but I expect 40% to sell at a discount as it was acquired a discount to spot. I also understand its not as liquid due to desirability. Currently, in the US the most liquid form of silver is an ASE. However, I still think 40% is useful in diversifying my stack.
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 07/16/2009 : 04:34:59
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| when you accumulate a decent amount, you should sell it and trade up to higher purity IMO. $1000 face of 40% is a lot bulkier than $400 face of 90% or 28 10toz .999 bars or 4 AGEs. Makes a difference whether you're storing it in a safe or hiding spot. |
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keep it or trade it?
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