Farewell 40%ers

[namster]

Sold them for just a hair over spot and converted to 90, 99.9, and gold. Anyone else dump their 40s? It was hard to do because of the work that went into finding them, but I think was a good move in the long run, with 40s being fairly undesirable.

 

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[fish on!]

Sometimes they do a run of rolling and boxing halves which go ON TOP of the pile to be sent out next. It's impossible to predict. I had a bout of sold 2001 boxes that went on for a week. 3 months later the same coins came back, mixed with silver here and there.

Yes, I've noticed that too. There is no expiration date on halves, so they don't have to follow FIFO stock procedures or anything like that. There is a way to manage the unpredictability of their stock flow, but that's one trick that I refuse to share on a public message board. I've noticed few others do it, though, which is good for me.

 

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[CC-Hunter]

Question to those who are getting real low offers for 40s from their LCS: what is the LCS selling them for?

 

[Iamrussell]

Homie I have a confession, I like them 40 percentas, but by no means am I a clad luva.

Good to see ya Eminem- havent sen ya post for a while and thought you went the way of Notorious AG

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just keep stacking, just keep stacking, stacking stacking stacking

 

[namster]

Question to those who are getting real low offers for 40s from their LCS: what is the LCS selling them for?

Whatever provident is paying for them.

 

[ivan salis]

when sold for melt reasons the smelters like 90% coins (less work = more profeits) 40% coins require more effort to make into "pure" 999 silver --so less money is offered for 40 ers than their 40% silver content by weight worth would normally bring .

 

[The_EE]

Sold them for just a hair over spot and converted to 90, 99.9, and gold. Anyone else dump their 40s? It was hard to do because of the work that went into finding them, but I think was a good move in the long run, with 40s being fairly undesirable.

I sold all of mine a while back, sold 745 - 40% halves for $2840, I sold them well over spot.

I would have just bought silver and not gold. There's more opportunity with silver. But, if you want gold just because you want some, that's fine.

You wont say that until you hold a 100 oz bar in your hand. Gold is a good thing to hold because its easier to transport. Silver has more room to gain, oz for oz not to mention its under-priced right now but diversification is key. I am thinking of rethinking my plans of 208 oz of silver a year and 2 oz of gold. I have managed almost 6 oz of gold this year and I am about to sell close to 4 oz of it for a down payment on a house.

 

[ivan salis]

and gold while good and small --will be rough to use on small day to day type trading / bartering for items --for that silver rocks

 

[50cent]

you went the way of Notorious AG

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just keep stacking, just keep stacking, stacking stacking stacking

god rest his soul