Spend a little now.....make a ton later!

Rookiemonster · #1 01-14-2016, 12:33 PM

Quote:

Originally Posted by vintagetoppsguy

Buy silver. It's at $13.80 an ounce right now, a 5 year low from $48 an ounce in 2011.

It costs somewhere around $9 to $9.50 to refine an ounce of silver. Once silver drops below the cost of refining, the refiners will close their doors (at least temporarily), as they're not going to lose money. This will create a demand (temporarily) and it will skyrocket in value. At that time, sell as refiners will re-open their doors to meet demand.

You heard it here first.

Mind blown ! But what makes you think it will drop that low . I've been scooping it up when I can get a good deal . But I just figured it was another collectors issue I was having . So I tried to only buy bullion cause I knew if I bought coins I would look for scarcity.

Guess what I found a guy that sell me junk silver for the weight at 14.00 Oz . I got a problem ! Last time I got a rare walking Liberty 1917 .

vintagetoppsguy · #2 01-14-2016, 12:44 PM

Quote:

Originally Posted by Rookiemonster

But what makes you think it will drop that low .

It might not. Who knows? It's like cards, nobody can predict the future. But even if it goes back up, don't you still make money?

You're smart buying in bullion. Too many people chase American Eagles, Canadian Maple Leafs, etc - all stuff that carries a premium. It's okay if you're a collector, but if you just want to buy silver, buy bullion (the junk silver is good too if you can continue to buy it at that price).

btcarfagno · #3 01-14-2016, 01:04 PM

Quote:

Originally Posted by vintagetoppsguy

It might not. Who knows? It's like cards, nobody can predict the future. But even if it goes back up, don't you still make money?

You're smart buying in bullion. Too many people chase American Eagles, Canadian Maple Leafs, etc - all stuff that carries a premium. It's okay if you're a collector, but if you just want to buy silver, buy bullion (the junk silver is good too if you can continue to buy it at that price).

David...where is the best place to buy junk Morgan silver dollars in bulk? I have seen them on Ebay in 100 count lots go for like $18-19 each, but if silver is at $14 I am reticent to pay that much. Is there a better place to buy it cheaper?

Tom C

vintagetoppsguy · #4 01-14-2016, 01:35 PM

Quote:

Originally Posted by btcarfagno

David...where is the best place to buy junk Morgan silver dollars in bulk? I have seen them on Ebay in 100 count lots go for like $18-19 each, but if silver is at $14 I am reticent to pay that much. Is there a better place to buy it cheaper?

Tom C

Tom,

The site in my signature line is a great place to buy junk silver (from individuals, not dealers). They have a great B/S/T section and members earn feedback from their transactions.

I think junk silver is going for about 12X to 13X FV (face value) right now, so it seems to me like you could buy a Morgan in the $12-$13 range. I don't buy much junk silver, so I may be off a bit, but I think I'm pretty close.

If you're seeing them on eBay in the $18-$19 range, it's either way overpriced or maybe the coins have some collector value???

Other than that, I don't have any sources for junk silver. I buy mostly bullion and I get it from SilverTowne.

www.silvertowne.com

My personal favorite are 1oz silver bars (in lots of 5, 10 or more)...

http://www.silvertowne.com/p-23736-s...-bar-10pc.aspx

I like 1oz bars because I think the'll be easier to sell when I am ready. If the price of silver went back to $48 an ounce, it stands to reason that 1oz bars would be easier to sell (open to more buyers - maybe in small lots) rather than trying to sell a 100oz bar @ $4800 (which would eliminate many buyers just because of the price point).

Joshwesley · #5 01-14-2016, 02:11 PM

How about Satchel Paige cards?

Some can be bought now for relatively cheap (1949)....

Could those be the next big boom cards or are there too many circulated

Peter_Spaeth · #6 01-14-2016, 02:30 PM

If the price of a commodity quadrupled, you'd probably do pretty well no matter what form you held it in.

vintagetoppsguy · #7 01-14-2016, 02:38 PM

Quote:

Originally Posted by Peter_Spaeth

If the price of a commodity quadrupled, you'd probably do pretty well no matter what form you held it in.

Yes, but the premium doesn't quadruple with it. American silver coins (American Eagles) and some other silver coins (even some bullion) carry a much higher premium than a generic ounce of silver. I still say why pay the premium? To each their own, I'm just giving advice on what works for me.

Mikehealer · #8 01-14-2016, 09:09 PM

Quote:

Originally Posted by vintagetoppsguy

Tom,

The site in my signature line is a great place to buy junk silver (from individuals, not dealers). They have a great B/S/T section and members earn feedback from their transactions.

I think junk silver is going for about 12X to 13X FV (face value) right now, so it seems to me like you could buy a Morgan in the $12-$13 range. I don't buy much junk silver, so I may be off a bit, but I think I'm pretty close.

If you're seeing them on eBay in the $18-$19 range, it's either way overpriced or maybe the coins have some collector value???

Other than that, I don't have any sources for junk silver. I buy mostly bullion and I get it from SilverTowne.

www.silvertowne.com

My personal favorite are 1oz silver bars (in lots of 5, 10 or more)...

http://www.silvertowne.com/p-23736-s...-bar-10pc.aspx

I like 1oz bars because I think the'll be easier to sell when I am ready. If the price of silver went back to $48 an ounce, it stands to reason that 1oz bars would be easier to sell (open to more buyers - maybe in small lots) rather than trying to sell a 100oz bar @ $4800 (which would eliminate many buyers just because of the price point).

David, I agree with a lot of what you are saying. But if you can buy Morgans for $12-13 each I'll take all of them. In fact, unless they have holes in them I would say $18-20 isn't a bad price. Which just confirms your stand to buy the non collectible bullion.

vintagetoppsguy · #9 01-15-2016, 08:18 AM

Quote:

Originally Posted by Mikehealer

David, I agree with a lot of what you are saying. But if you can buy Morgans for $12-13 each I'll take all of them. In fact, unless they have holes in them I would say $18-20 isn't a bad price. Which just confirms your stand to buy the non collectible bullion.

Mike, this morning I looked at the B/S/T section of the other site that I am a member of and fractional junk silver (dimes, quarters and halves) is selling for 12.2 to 14 times FV. I didn't see any Morgans, but it stands to reason that if the fractional silver is selling for that price, why wouldn't the Morgans? Again, I'm not talking about anything with any collector value whatsoever. I am talking about junk silver coins that it's only value is in the silver itself, not as a collectible coin.

Mikehealer · #10 01-15-2016, 08:53 AM

David, that sounds about right for dimes, quarters and halves, but dollars especially Morgan's will go for more than their equal FV smaller denominations.
Silver dollars are really popular plus there is fraction more silver in a silver dollar than a dollar Face value of the smaller denominations (.7734 vs .7236 I believe).

My comment still stands, I'll take all the Morgan's you can get at $12-13 each.

bbcard1 · #11 01-14-2016, 02:50 PM

Quote:

Originally Posted by tennisguy

How about the T206 Magie Error. Can't see it coming close to 6 figures, but do see the possibility of a good increase in value in all grade levels of this card.

I like a mid grade plank better. it just seems the much tougher card.

Love silver at its current price. I think you will get a chance to make 4x your money in the next ten years. The same is true of oil, but it's much harder to store.

Peter_Spaeth · #12 01-14-2016, 04:44 PM

Unquestionably, scrap.

ullmandds · #13 01-14-2016, 05:21 PM

Quote:

Originally Posted by Peter_Spaeth

Unquestionably, scrap.

i think the scrap(crap) train is on its way to jonestown. i say no to magie ever being more than a curiosity...it will never approach plank.

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