90%rs or 40%rs

[tmjones550]

I mainly hunt silver halves.My question is I have $130.00 face value in 40%halves,I can trade in those with Provident metals for 90%rs.I would have less than halve the amount of pieces but close to the same amount of silver content.I would lose out about 130.00 for shipping and what the company would make.As always HH.Thanks for your help.!!!!

 

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[brendan1414]

never take a loss on your silver, keep the 40% halves until you have absoulutely no room in your house for them

 

[ImpurestStewart]

I sell my 40%s and buy up to 90%s but I make sure I don't lose anymore than 1%. I have always disliked the 40% silver coins but love the 90%. That just might be the collecter in me talking though. By my calculations you have about $1660 in silver 40%s. Anything lost over 20$ on the exchange is bad for you. Good Luck.

 

[fistfulladirt]

I always trade up when I get a few 40%...I don't like keeping PM's in the house, and 40's take up too much room in the sdb.

 

[dougbfromnorthga]

If you are going to trade up.. Trade up to Silver Eagles or the lowest premium .999 rounds or bars. You have $.50 in them. How can you loose. 2 tubes of Silver Eagles I say. IMHO HH Doug

 

[CHAINCHOMP]

i personally buy Eagles. but if 90% or 40% were the only options, id trade up for some 90%. hope this helps!!!!! also, dont forget to buy some gold!!! Keep it up and hh! [R.I.P. Rich Hartford]

 

[Generic_Lad]

Depends on what you want. Like many in this hobby I first wanted to get as much silver as possible in the highest purity. Later, through this hobby I became more of a coin collector. So personally, if I have an excess of 40%ers, I'd trade them in for some of the collector coins I like (silver Britannias, older British coins, ancient coins, etc.). But, honestly unless you are really short on space, or incredibly bullish on silver, I don't see that changing from junk 40%ers to junk 90%ers would really accomplish much.

 

[ivan salis]

better cashing out value on 90% silver vs 40%ers -- 90 % were getting me 10.50- vs 3 for 40%-- so for 360% - 4 x 90%ers at 10.50 each -- I get $42 bucks -- but for 9 x 40 %ers at $3 each- I only get $27 bucks --for the same amount weight wize of silver --refiners pay dealers less for 40% ers due to increased refining cost to purify the 40%ers to 999 pure --a lot easier when you start with 90% pure silver to start with.

the purer it is the less well its not 999 pure so it has to be discounted stuff you have to deal with --when its 999 pure 1 oz or better bars or rounds --it a "known" item -- which cuts all the BSing out

 

[oxbowbarefoot]

I posted this the other day, I think it applies here as well.

The way I see it, selling 40% halves and War Nickels for cash is like reinvesting a stock dividend or compounding interest. I keep all 90% to build my stockpile. The 40% are traded for gold, .999 silver, Morgans/Peace dollars or cash, but mostly cash. Most of that cash goes into my CRH bankroll, allowing for greater volume, which in turn leads to more silver. This formula has served me well so far. I started with $500 in CRH bankroll in April of this year. So far I have turned that $500 into $3000+ bankroll, 15 grams of Gold Bullion, 1 gold half-eagle, 30 Morgan and Peace Dollars, 10 ASE, in addition to a considerable stack of 90% from CRH.

I traded $300 face value of 40% from CRH for $2800 and a 1914 $5 Gold Buffalo Head a couple weeks ago. $800 went to paying a credit card bill (instant savings on 12.99 APR card), and $2000 went to my CRH bankroll. I figure that that $2000 has earned about $700 in silver so far, whereas the value of the silver would have increased about $250 in the same amount of time, so I am ahead.

Now, there are negatives with this. If you trade to a dealer, you are likely giving up value on both ends of the deal. I get between 85-90% of melt for 40% and pay have to a 5% premium over spot for .999 and gold. I liken these losses to brokerage fees, its just part of the game. You got to pay to play!