Is it better to keep kenns 90% or sell trade?

[Darth Walker]

I was thinking in buying ASE with the 90% I find CRH. Is it a good idea If I sell 90% virtually each ASE will cost me 2 1/2 90 kenns or $2.50.

 

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[LooseChange]

Keep all of your junk silver until it is time to "trade-up" to gold.

Every couple of years, the gold to silver ratio flips between high and low.

A few years ago, I traded 43 "junk" Ben Franklin halves for 3 1/10 Gold Eagles. That was an awesome trade for me.
This year, I traded those 3 AGE's (0.3oz) for a tube of 20 silver rounds. That was a very good trade for the dealer.

After the 2 trades, I got 20oz of fine silver for $21.50.

When the ratio flips the other way, I'll trade junk silver for fine gold and hold that until it's time for another trade.

 

[Avago]

Hey DW, it just depends on your personal preference I think. Love to know where you're selling to where an ASE is equal to 2 1/2 90% though.

Bright and shiny ASEs sure are nicer to look at than a couple 90% Kennedys. And since you found the Kennedys CRH, $2.50 may be a small price to pay for you to upgrade.

Personally, to me silver is silver. If I was going to upgrade anything, it would be 40% to .999. Taking a little hit to consolidate seems more worth it to me than trading 90%.

 

[MIhunter]

There really isn't any monterary value to trade silver for silver. You are usually going to have to pay a premium for the trade.

 

[Dozer D]

Sounded like a good deal, $2.50 in "found" 50-cent Ken's for a $1-ASE, is as good of my find of an ASE for $1.00 at a bank. Good find @ congrats.

 

[Liu21]

I suggest trading for something that will gain value over time, such as libertads, Perth mint kookaburras or Chinese silver pandas. ASE, sells for 3/4$ over spot, but when you go to sell them most dealers will only give you 1/2$ over spot.

 

[mxh5891]

I'm trying to figure out your math here. How is 2 and a half 90% Kennedys $2.50? Wouldn't 5 Kennedys found CRH cost you $2.50?

 

[Darth Walker]

Correction and apology: My math was wrong. My LCD Sells ASE today at $17.57 each And pays me for the 90% Kenns $10.97 Per dollar MI Hunter was rigth. There is still a premiun you have to give up.

 

[Darth Walker]

Then it is 3.20 kenns for one ASE