best form of silver?

[jnb1994]

So I was thinking of trading up my 40% halves but wasn't sure what I should trade for. Any suggestions?

 

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[Coin Town]

Depends on how many you have. You can trade up for 90% or something like ASE's or other silver rounds/bars. Its all personal preference and what you like to hold and/or collect!

Silver can start to take up a lot of space if you do this for a long time so you can always trade up for small amounts of gold. Small five gram bars are a good place to start small and they look really sharp!

Me, I just keep everything for right now and have yet to trade up for anything. Personally I like having a bit of everything. After all for a lot of us this is a collection!!!

Keep it up and let us know what you decide!

Happy hunting!

 

[MrSchulz]

Well when it comes to silver coins I like quanity over quality. I'd do all silver quarters. I mean thats what I would do

 

[coolpix9]

You will get reamed trading 40% halves for 90% silver. Unless you can find a real idiot, you are going to lose bigtime on the swap. 40% halves are a curse for most dealers and don't even think to try to sell them to a pawn broker. Good luck, JP

 

[fistfulladirt]

.999 rounds

 

[BuffaloBoy]

.999 GOLD

 

[Ben-Ro]

I don't get reamed on my 40% at my LCS. I get $3.50 a coin or $70 a roll, a smidge more if I trade for something.

 

[Generic_Lad]

Depends on what you want and the way you expect things to go in the future.

Myself, I trade in a good chunk of 40%ers and lower-quality 90%ers for collectible coins, usually Britannias or other British silver, or foreign coins. The reason why I do this is if silver falls, you still have a coin worth value (remember that Britannias have a maximum mintage of 100K coins) back when silver was still $12 an ounce or less, Britannias were still trading at $30-40 a coin. Of course if silver shoots up to $50 an ounce, you'd be better off with coins with less of a premium.

90% US coins are a good bet, but if silver prices fall, they fall too. Some still have a higher premium than generic .999 rounds/bars but have the advantage of being very recognizable (nearly everyone knows that they are silver).

.999 rounds have the advantage of being easy to get rid of if we see a panic like we did during the Hunt Brothers time (long lines at the smelters to melt down coin silver because the demand was for pure silver) but are hard to convince people of in a SHTF scenario, its easy to see this quarter looks like a quarter, but how do I know you didn't just silver plate a chunk of copper and stamp .999 AG on it?

There is no, excuse the pun, silver bullet when it comes to trading up, everything as advantages along with disadvantages.

 

[fistfulladirt]

GL, very few of my friends and aquaintances can tell the difference between a clad and silver quarter, I've tested them. They can, however, read .999 fine silver. But, like you say, how would they know it's not just plated copper.

 

[mercury1]

I buy old European gold coins when I can like Swiss or French 20 franc coins. I've bought from APMEX before but last couple purchases were from local coin store. He has a better price plus no shipping cost. Very cool coins, plus take up little space in safe deposit box.

 

[Seener53]

Sell them on Craigs list for melt, then use the money to upgrade.

 

[crhstreetwalker]

Sell them on Craigs list for melt, then use the money to upgrade.

Bingo. I can sell 40% for $4 each, all day everyday.

 

[SilverForBrains]

I sell them and then use the money to buy morgan's. morgan's hold their value well, I couldn't see them ever going for less than $25 a coin

 

[PhattyB]

I sell them and then use the money to buy morgan's. morgan's hold their value well, I couldn't see them ever going for less than $25 a coin

I've been buying them @ $20-$22 for the last three months.. as much as I can afford. I could have gotten 85 @ $22 but I don't have that kind of money right now to invest... my CRH bankroll is only about $600 + $600 weekly paycheck and I don't want to lose that.

 

[Piledriver]

So I was thinking of trading up my 40% halves but wasn't sure what I should trade for. Any suggestions?

When you trade any kind of CRH silver for silver at the coin shop or online, you lose twice.

You are paying for a SPREAD.

That is, you will lose part of your value (spot) when you sell, because with silver at the price it is, almost no one will pay full spot for 40%. (That's the first half of what you lose.)

Next, when you buy, you will usually pay a premium on top of spot. At my LCS, it is $2.10 per ounce.
(That's the second half.)

TO GET MAXIMUM VALUE FROM ANY CRH SILVER YOU NEED THESE THINGS:

1. The right timing.
2. The right timing.
3. The right timing.

In JMHO, the time is right when silver is more than $100 per ounce, and you trade for things you need, (bread, milk, rent, transportation) knowing that the price will eventually go to $500 and then beyond.

 

[Poor Mans Gold]

For the 40%ers, I like making $1000 bags. Working on my third bag.

 

[jnb1994]

So I worked out a deal with my brother's friend. He's crazy about silver. So I sold him my two rolls for 150. The coin shop also was going to offer me 150... 150 cents that is, for each half... I walked out of there as quick as I could lol. I think I'm going to buy 5 one oz rounds. The coin shop was also looking for 30 bucks a morgan so I'll pass on those

 

[jnb1994]

So I bought the rounds yesterday. Now my question is would it be possible to sell the rounds for their weight, rather than one oz? I know theoretically they are supposed to be an ounce but one of them was 1.1 oz and one was 1.15

 

[Coin Town]

So I bought the rounds yesterday. Now my question is would it be possible to sell the rounds for their weight, rather than one oz? I know theoretically they are supposed to be an ounce but one of them was 1.1 oz and one was 1.15

I am guessing your scale is measuring ounces not Troy ounces. One Troy ounce (which is what your rounds should be) = 1.09714286 ounces which will run up to 1.1 ounces. Check your settings an see if you have an OZT mode instead of just OZ.
Hope this helps! Let's see some pictures by the way!!!

 

[jnb1994]

I am guessing your scale is measuring ounces not Troy ounces. One Troy ounce (which is what your rounds should be) = 1.09714286 ounces which will run up to 1.1 ounces. Check your settings an see if you have an OZT mode instead of just OZ.
Hope this helps! Let's see some pictures by the way!!!

Nope, it was on ozt. The other three weighed in at either 1.003 or 1 even, it was just the other two that were off