90%ers at 20x face?

[TheCoinKid]

Bought some decent 90%ers at 20x face today. Not terribly excited about the multiple (or the current price of silver, for that matter), but bowed to the greater need to add to inventory, since it's been awhile.

Does the price look in line with what others are seeing?

Still expecting a drop in the price of silver to the low to mid teens, but decided to hedge that bet just a little. Still bullish long-term.

TCK

 

Amazon Forum Fav 👍

Diving for Pleasure and Treasure - Grab it through Amazon!

[Herb Boyd]

That's retail, half dollar coins are selling here for a little more...good demand for 90...

 

[Jason in Enid]

20x is a little high but not terribly so.

 

[Marchas45]

Usually you can get them at around 18x give or take a few extra .4, .5 or so.

 

[TheCoinKid]

Pretty much what I thought. Thanks!

 

[usandthem]

I bought 21 silver halves on Friday for $10.50.

 

[Wilmingtonsilver]

I guess $2 above spot isn't bad on 90%ers.

 

[dogpound]

I picked up 14 ASE's @ 26 bucks each...........keep on stackin

 

[Herb Boyd]

Too much now...19x retail,small quantities....dealer bid under 17x

 

[Herb Boyd]

18x current retail, small quantities....dealer bid 16 or less

 

[TheCoinKid]

I buy...........price drops like a rock. Par for the course.

 

[pronghorn]

look at it as another chance to build your stack

silver will go higher, nobody knows when but it will

 

[Herb Boyd]

Dropped like a rock would mean 6x face....spend a little at these levels

 

[mercury1]

I bought 21 silver halves on Friday for $10.50.

That's the way to do it. I bought a 64 Kennedy today for fifty cents. Only one she had.

 

[TheCoinKid]

Picked up a little more today at just under 18x face delivered, this time on FEEbay. Not my favorite form (a few rolls of Washington quarters), but I could see a few coins in the lots that were of collector interest to me. After all, I am first and foremost a collector. My silver stacking (as you guys say) is really just an extension of that.

Been looking for a further drop, but my current thinking (rationalization) is that current silver prices are at a level around 50% of the 12 month high, so why not, as Herb said, "spend a little at these levels".

Still hoping for that near-term drop, but am long-term bullish.

TCK

 

[billjustbill]

I'm wondering how many of you go through coin rolls for half dollars and hunt for silver?

What is your average find of silver halves and how many rolls do you get from the bank at a time?
Out of $100 in halves, I found two 90% and one 40% Kennedy's.

How do handle the "Leftover" halves... ;>(

 

[TheCoinKid]

Check out the coin roll hunting area on this forum for a better chance at getting your questions answered. I personally don't CRH.

 

[usandthem]

I CRH halves. I buy a box every Friday. So far todays box has produced one 40%er. I take the "leftovers" to my dump bank. I don't keep up with averages. I just look for silver. Sometimes it's there, sometimes it's not.

 

[jim4silver]

I'm wondering how many of you go through coin rolls for half dollars and hunt for silver?

What is your average find of silver halves and how many rolls do you get from the bank at a time?
Out of $100 in halves, I found two 90% and one 40% Kennedy's.

How do handle the "Leftover" halves... ;>(

Getting rid of dumps was the most time consuming and unpleasant part of the game. Find a bank with a coin counting machine that is free but don't overburden them (be reasonable with your dumps), otherwise you will screw up a good thing.

I am retired from CRHing but still get rolls occasionally and find a 40 or two, but not enough to get back into it.

Jim