To sell or wait?

[Dannycoco]

I called a coin shop today to ask what they were paying for silver half dollars. He tells me $8.50 for 90%ers and $3.25 for 40%ers. I can make a hefty profit at that amount but would be kicking myself if it spikes . What would you do?

 

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[LooseChange]

"I bought all of that in 2012 at $48/ozt., Mr. Gov't Man. Just sold it all for $40/ozt. Can you direct me to the form for declaring my losses?"

One thing they may do is ask for proof of the purchase/receipts, which you might not necessarily have if they were a bunch of smaller, unreport-able cash purchases - But big brother would say "where did you get the $xx,xxx in 2012 to buy it all then?"

Initiate audit.

I got almost all of my tiny stack as gifts from family - in 2012 (when the gift tax exclusion amount was $13k).
Unfortunately, it was all lost in a boating accident and I now have no physical metals of any sort (except some pitted silver fillings in my teeth - from the 1980's).

 

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[Tommybuckets]

I think I'll put a few 40% out at spot and see what happens... Y'all have me intrigued. I do like this silver to gold trade if the ratio is already swinging that way. Avoiding going into dollars sounds great. I already have dollars for that lol.

 

[Roll Hunting Family]

Yowza... Anyone who sold before today probably did nicely!

 

[fistfulladirt]

I think I'll put a few 40% out at spot and see what happens... Y'all have me intrigued. I do like this silver to gold trade if the ratio is already swinging that way. Avoiding going into dollars sounds great. I already have dollars for that lol.

My 40% sat on Craigslist for a month with only one inquiry. That was at $35/oz. I settled for 75% spot.

 

[Dannycoco]

I sold my 40%ers when it was at $28.18.

 

[jrf30]

"But, I am holding out for 35 to trade my silver back into gold.
I believe mid 30's is most likely."

I used to believe that. Now I don't. Gold is just so much stronger and the international governments buying it (and not silver). I still like silver better, but think I might swap at about 55 - 60. Truly. Or even to to the sidelines (Cash) for a bit and watch. But yes, I thought 90 was too high, and 125 ridiculous.

 

[jrf30]

Craigs list too. Never use Feebay, but CL has worked for me. Both buying and selling.

 

[Dozer D]

I recently ( 2 months ago ) had a local silver buyer offer me 90% of melt price for my stack. I still hope his offer is there on the table, with melt at $26/oz.+\-, which is approx 19-times FV. Think I'm going to dump it soon before any downswing., just like when it hit $20 early this year and I dumped a lot of my halves, when I was in need of some liquid cash.

Be nice to have a crystal ball just to see HOW HIGH it can go this time.

 

[Chris819]

I am still holding onto my silver at $26.82. Wanted to buy more ASE but going to wait before buying more. Might look into more Junk silver

 

[Owassokie]

Sell. Fast. Timing is everything. As the stock market rises, eventually, maybe sooner than later, metals will tank. Markets are driven by two things: Fear and greed.

I bought a stock last Wednesday morning upon listening carefully to news reports on the company and reading about the company's 10 year history.

I bought it at market open at 9:30 am. I sold it 25 minutes later and made $1200. If I would have waited a little longer I would have made a little more.

If I would waited until FRIDAY, I would have lost $1200.

Smokey - Just curious...did you just get lucky (happy to make $1200) or did you have some reason to believe it wouldn't be as valuable on Friday? Or do prescribe to some kind of technical analysis of trends.

I've played around with stocks for years. I've made money. I've lost money. I even have a degree (forever ago) in Finance. My conclusion after all these years....I'll never be privy to enough information to make truly educated decisions in the short term. By short term, I mean days, weeks, even months. Today's stock price is based on it's expected value, not the actual value. The people driving those prices have access to way more information than I.

 

[FormerTeller]

Back to the original question, once silver hit $25 I made the decision to sell 5-10% of my junk 90% silver stockpile every time the price went up $5/oz. Once the price gets to where I can get $5 apiece for me 40%’s, I’ll dump them all. Gold I’m holding.

 

[Johnnybravo300]

Still way to low to sell. It will continue to rise as they kill the dollar and take us into the new money system.
The dollar is dead.