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#101
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If silver was a good buy yesterday it's an even better buy today, down $1 an ounce.
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
#102
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So could this be a good time to buy Jose Canseco RC, at their peek, trading around a C-note --now $1-$5 dollars--???
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#103
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Back below 18 today. Strange market.
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
#104
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It is going to go WAY up. Seen a commercial on TV saying it could go clear up to $100 a ounce. People trying to sell you silver wouldn't lie would they?
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#105
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This was an interesting thread that died. I didn't really see any input by preppers, kind of shocking. Nor did there seem to be any historical explanations.
To make sense of a preppers' response, one must understand the historical understanding of currency. Over thousands of years humans have moved away from a barter based economy to a currency economy. Humans once used shells as a means of currency. Eventually, moving into minted coins - think of the Romans 2000 years ago. Although silver might seem like a worthless metal, it has defined human currency models for hundreds of years. Before the US Dollar, silver was the global currency. World exploration after Columbus was defined by silver when the most powerful global economies were based on the idea of mercantilism. England decimated the Qing dynasty (China) by robbing their coffers of silver, in exchange for opium. tsk tsk tsk. During the slave trade in the Atlantic, European economies realized they would bankrupt themselves if they purchased slaves with silver, so they turned to trading weapons and rum, among other trade goods. They took the slaves to the Americas where they were exchanged for silver, and the silver returned to Europe. Only in more modern times have individuals believed that paper currency can be backed by a country's GDP. It's an interesting concept that preppers think is based on sleight of hand. Preppers therefore believe that if the global economy fails, or even the US economy, currency will revert to the previous system of trading in metals and trade goods. Why? Because historically, for thousands of years, people have believed that metals hold value. And gems. And things that glitter to the eye. One can't necessarily walk around with a Picasso or a Van Gogh, but one can walk around with a shiny coin in their pocket. One prepper book I read suggested a supply of junk metal, bullets, cigarettes, and some other trade goods that might be appealing to others. Obviously as has been quoted earlier, silver takes up a lot of space and is heavy. But it also can be divided much easier than gold. Can you imagine having to chip off flakes of gold? How bothersome! So junk silver, silver eagles, and silver bars would be much more beneficial in that regard.
__________________
Barry Larkin, Joey Votto, Tris Speaker, 1930-45 Cincinnati Reds, T206 Cincinnati Successful deals with: Banksfan14, Brianp-beme, Bumpus Jones, Dacubfan (x5), Dstrawberryfan39, Ed_Hutchinson, Fballguy, fusorcruiser (x2), GoCalBears, Gorditadog, Luke, MikeKam, Moosedog, Nineunder71, Powdered H20, PSU, Ronniehatesjazz, Roarfrom34, Sebie43, Seven, and Wondo Last edited by todeen; 10-04-2019 at 10:31 PM. |
#106
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Anyone make any trades?
Last edited by packs; 04-26-2020 at 02:55 PM. |
#107
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Cool thread, surprised I've never seen it before now. I've "stacked" on and off again since 2008. I'm not a prepper but I am wary of potential inflation and I think it's kind of a fun hobby. Worst investment decision I've ever made though was buying a bunch of palladium at $200/oz and selling it at $450 only to see it cross $2k years down the road.
The cool part about it IMO is the history... getting gold coins for Europe that are hundreds of years old at a slight markup to spot is a fair price and just incredibly cool. The bad part is when it goes beyond this IMO and collectors/investors fall victim to charlatans who are either projecting "Gold to $10,000 by 2025....buy my book" or slinging a "Collectors Edition Chewbaka 2 oz silver round" for only 4X spot... basically lots of people get burnt and have no clue what they're doing. I will be buying some again in the near future but can't justify paying the spreads right now. I'll just play GLD until I get a chance. Last edited by ronniehatesjazz; 05-26-2020 at 12:30 AM. |
#108
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So have the Net54 accounts of many of the participants in it.
__________________
“interesting to some absolute garbage to others.” —- “Error cards and variations are for morons, IMHO.” |
#109
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#110
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Last edited by rgpete; 04-26-2020 at 05:20 PM. |
#111
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Not me. Silver is very hard to find in my area right now with premiums of $5-8 an ounce (or more) when you can find it. And a lot of the online dealers are sold out or have very little stock. Even then, they're telling customers 5-6 weeks for delivery. If anyone has any for sale, let me know. I prefer junk silver, generic bullion or ASEs - nothing collectible with high premiums.
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#112
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A few ASE’s and Indian Heads in the collection but I’ve been purchasing gold at spot or above for years. Nothing major, just a coin here and there a month. It adds up over the years. My latest passion is British Sovereigns. Beautiful little coins and almost 1/4 ounce of gold. My latest.
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#113
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The last couple of years, I've tried to buy an ounce of gold and a little silver. I usually like the Australian stuff...it's pretty.
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#114
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Anybody able to find any silver at their LCS or elsewhere? My LCS sells it as quickly as he gets it. If you've bought some, what kind of prices are you paying? I see it for sale on eBay and generic 1 oz bars and rounds seem to be going for about $24-$28 delivered. I just can't see paying that much. Then again, I may be looking back in a few months from now and be wishing I'd picked it up at that bargain price. Who knows?
My LCS has plenty of junk silver (90% silver coins). Last week, I purchased some Peace Dollars and Mercury Dimes. I paid $18 each for the Peace Dollars so 18X FV, and I paid $1.50 each for the Mercury Dimes so 15X FV. How much is junk silver going for where you live? I'll probably go back to my LCS this weekend and hopefully he has some bullion but, if not, I'll buy some more junk...maybe some halves. What are your recent experiences? |
#115
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David, I would say that's a good deal on the silver dollars. From my experience
silver dollars usually sell for a little more than the ounce spot price. I had a good friend a couple of years ago selling his mom's silver coins and the local coin shop offered $17 each for the dollars, silver at the time was between $14-15. |
#116
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#117
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I buy gold and silver that I like. The same way I buy cards. As for gold, the $10 gold Indians are easily my favorites.
I like silver dollars and halves, especially the walkers as well as old silver bars. |
#118
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Finally picked up some silver today from US Coin and Jewelry here in Houston. I paid $20.50/oz. I thought that was a pretty good price. It seems like the premiums are back to where they were pre-pandemic.
I picked up (10) 1oz Merrill Lynch bars and (2) 5oz SilverTowne bars. |
#119
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Granted these bars are kind of cool, but why not just plow money into a ETF or fund specializing in silver, and not have to worry bout storing bars in a shoebox in your garage and having to sell them some day?
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#120
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Because when the worlds economy tanks everyone will automatically know silver is worth something. I know when paper money is no longer good I would happily trade food and water for silver because it is so cool and extremely useful.
Last edited by bnorth; 07-05-2020 at 03:10 PM. |
#121
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No, I don't get it. The UK is in its worst economic situation in 300 years. Are there people in pubs in London paying for pints with silver bars? Last edited by Snapolit1; 07-05-2020 at 07:04 PM. |
#122
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For normal people I could see the coolness of having some silver bars laying around. I know a lot of people with a few of them, nowhere new investment amounts. |
#123
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You need some cash of course. Rental real estate is next in my humble opinion. Then stocks. Then tangible assets like vintage cards and metals. And have a pantry full of non-perishable foods, ample supplies of soap, toothpaste, TP, and so on. Hold some mix of these things and you're about as well fortified as you can be to head into the future. |
#124
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Last edited by vintagetoppsguy; 07-06-2020 at 08:12 AM. |
#125
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I'm not really a silver stacker and I'm not really into numismatics, but I did pick up a couple of Morgan dollars in an auction yesterday.
__________________
craig_w67217@yahoo.com |
#126
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An ounce of silver costs about the same as a lot of the commons I collect and is about as much fun to look at if you get if from a country that makes cool coins.
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#127
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I love looking at the artwork on some of the coins and rounds from foreign countries. I don't personally buy them because of the high premiums associated with them (I'm more about weight, not collectability), but they sure are nice to look at. |
#128
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Old coins are probably the sole source of silver that I have. I inherited a coin collection from an uncle, who inherited a large portion of it from my grandmother. I would never sell any of the pieces because of the family connection but my grandmother kept a stash of about 50 (mostly peace with some morgan) dollar coins with her for her entire life. She grew up in the depression and the fear of being left with nothing never left her. Most of the peace dollars are from the 20s and 30s but mixed in are some morgan dollars from the turn of the century. My uncle told me that while she was growing up, my grandmother's family kept them stashed under a floor board in their apartment. When she moved out of the house, her parents gave her the stash as a wedding gift.
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#129
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One thing that really bothers me is when people inherit something and their first thought is, "How much $ can I get for this?" Doesn't sentimental value mean anything anymore? If your relative wanted you to have the money, they would have sold the item and given you the money. The item meant more to them than the money and its sentimental value should have meaning to the person who's left to inherit it. Unfortunately that's not the way it works most of the time. |
#130
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__________________
Signed 1953 Topps set: 264/274 (96.35 %) |
#131
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I picked up a third Morgan dollar today. Here's the best image from the auction web site. When I tried to copy the other images, they were a bit pixelated. I have some bids on some more Morgans ending tomorrow.
1901 O Morgan (a).jpg 1901 O Morgan (b).jpg (Just noticed the Morgan dollar kinda puts Leon's quarter to shame, hehe!)
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craig_w67217@yahoo.com Last edited by White Borders; 07-14-2020 at 05:33 PM. |
#132
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From another auction company I picked up some recently minted 1oz .999 silver rounds: Pledge of Allegiance, Austrian Philharmonic, and Australian Koala. I was the under bidder on the one I really wanted, Chinese Panda.
Pledge of Allegiance (a).jpg Pledge of Allegiance (b).jpg Austria Philharmonic (a).jpg Austria Philharmonic (b).jpg Australian Koala (a).jpg Australian Koala (b).jpg
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craig_w67217@yahoo.com |
#133
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All nice pick ups. I really love the Koala.
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#134
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My final pickup was this silver Denarius. It was more due to my interest in European history (from the time of Julius Caesar to the end of WWI). The only thing I know about the Denarius at the end of the first century is what I just read online: That it weighed 3.41 grams (0.12 oz) and was 93.5% purity.
Roman Empire.jpg Roman Empire (a).jpg Roman Empire (b).jpg
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craig_w67217@yahoo.com |
#135
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I ran across this deal and wanted to share it with anyone that might be interested - a 10oz bar at spot price. I'm not affiliated with the company in any way, I just thought it was a great deal. Silver is way up today, I think it's at a 6 year high (I don't have the historical chart in front of me to verify that but, if not, then it's pretty close).
https://silvergoldbull.com/10-oz-sil...x-0GBgXbw_ZHMI |
#136
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5 year silver.JPG
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craig_w67217@yahoo.com |
#137
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#138
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When I posted that yesterday, silver was twenty one dollars and some change. As I'm typing this message, it's twenty three dollars and some change. If you bought yesterday, you already made money. if you sold yesterday, you lost money. But the bigger picture, at least for me, is that the GSR continues to get smaller and smaller. I'm going to hold off on silver right now and start focusing on gold...at least for a little while. I believe the stock market is about to take a blood bath that will continue to last into most of next year (maybe longer). And I think you'll see it start to happen by the end of this month, maybe early next month. Here are today's markets just so we can have a point or reference. Dow 26,840.40 Nasdaq 10,680.36 S&P 3257.30 Last edited by vintagetoppsguy; 07-22-2020 at 06:36 AM. Reason: For spelling |
#139
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I am not interested in doing it but would like to learn how it is done properly. |
#140
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As far as selling, you have the usual platforms like Facebook, Craigslist, Offer Up, Nextdoor, etc. but, just like with cards (or anything else), you have to be careful about who you meet and where you meet them. I'm definitely not a flipper and a flipper may be able to offer much better advice, but that's what I hear from the flippers I know. |
#141
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I bought a 5 oz Monarch precious metals Silver bar back in Feb 26 2015 at $16.56 per oz with a .89 cents spot per oz from Monarch precious metals they had a special at that time, all said and done buying on credit and postage was 95.82 as of today with that bar I have a 53% gain holding long term, today the same bar costs $146.74 with silver being at $23.14 per oz and buying on credit card. The 5 oz bar was $ 87.25 with spot included in 2015
Last edited by rgpete; 07-22-2020 at 04:47 PM. |
#142
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My Dad had bought this for me back in 1973 and did not sell when the Hunt Brothers tried to corner the silver market in 1980 known as silver Thursday This is still kept in the original mail package
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#143
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#144
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Wow, that's cool! Thanks for sharing
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craig_w67217@yahoo.com |
#145
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Digging thru boxes of forgotten collectibles, came across my old coin collection books (the blue Whitman ones). But also found this. My father owned a gas station in the 60's and won this when a Gates salesmen (mystery shopper) drove in and my father suggested he needed new belts. I never took the coins out because I liked the way they were represented and of course, original packaging is always best. The years in the top row are 1923 and 1922, the center one is 1921 and the bottom row is 1921 and 1935 (left to right). It's always fun finding something you forgot you had.
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#146
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That is so cool. The toning on the bars makes it even cooler. Thanks for sharing.
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#147
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#148
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Great timing
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..did you see the spot silver price at end of trading today ? Wowee. Yer rich. RICH , I tell ya !! .. |
#149
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__________________
craig_w67217@yahoo.com |
#150
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Last edited by rgpete; 07-25-2020 at 11:27 AM. |
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