Sell 90% Dimes or $40% Halves ???

[Reverend B*IKE*]

I have a chance to sell for spot, ( coinflation rate) about a grand. Which is a great opportunity. I figure its better than any retail would offer. So do I unload the 40% halves and not even think about it or do I sell him the dimes. I see this as a no brainer. Dimes are easier to store away. Any thoughts or comments?

P.S. For some reason The 40%s are tough to part with they have such a better feel in your palm than the flimsy dimes just my feeling. I bet you can get over spot selling the 40%s in rolls at the flea market??

BTW this is to offset some gold and some ASE I just bought.
Cheers and HH!

 

[Marchas45]

Unload the 40's keep the dimes, 90% and their less space. No Brainer, then again I have no brain

 

[65gt350]

Sell the 40%'s. Anytime you can get spot for 40%'s take it as long as you are moving to a better form of the metals.

HH,
65GT350

 

[fistfulladirt]

Sell the 40's, keep the 90's.

 

[Generic_Lad]

I agree, any chance to unload 40%ers at face to buy higher purity coins is an excellent opportunity, I wouldn't pass it up. But I would keep the dimes.

 

[Reverend B*IKE*]

Thanks all! Just checking to see if my head was screwed on OK
May even try selling more off. Especially if we can keep buying ASE @ $33

 

[prospectordamon]

where are these ASE's for $33 i hear so much about, do tell!

 

[kd5txx]

ASE at $33 Got 2 on the way....to MY house

 

[Reverend B*IKE*]

Re: Sell 90% Dimes or $40% Halves + ASE LINK

http://forum.treasurenet.com/index.php/topic,391540.0.html
try this prospector

 

[jim4silver]

If you can get coinflation rate, I would sell both the 90% and 40%. You can buy 90% at many places for less than melt nowadays if you shop around.

Jim

 

[Reverend B*IKE*]

If you can get coinflation rate, I would sell both the 90% and 40%. You can buy 90% at many places for less than melt nowadays if you shop around. Jim

Maybe around you but not around here, things are jacked up. Just went to a coin show cheapest ASE was 40 no matter how many you bought.
Whats the point of selling the 90% if you replace it with 99% if silver goes up its the same for both?

 

[jim4silver]

If you can get coinflation rate, I would sell both the 90% and 40%. You can buy 90% at many places for less than melt nowadays if you shop around. Jim

Maybe around you but not around here, things are jacked up. Just went to a coin show cheapest ASE was 40 no matter how many you bought.
Whats the point of selling the 90% if you replace it with 99% if silver goes up its the same for both?

I said you can get 90% for less than melt, not .999, which is what an ASE is. From what you posted it was my view that you could sell the junk silver at coinflation prices, and replace the same 90% at a lesser rate if you shopped around and the amounts were large enough, kind of like an arbitrage situation.

But as to your question about why replace 90% with .999? The answer to that would be because in certain times the premiums on junk fall greatly, where with .999 they stay more constant. I personally do not buy ASEs because the premium is too high for my taste. I would rather have well known named refiner one ounce rounds/bars, for 50-75 cents over spot. I am not buying silver at these prices, but if I were that would be my choice.

Further, if a person got their junk silver at face, then if they sold it to buy .999, they are not really paying full value for the .999 anyway, so it is like getting it at a much cheaper price and having a better form of silver to hold long term (in my opinion). I also believe as silver goes up, one day coin dealers will start paying for junk silver by the weight and not by face. In that case all those worn out Walkers, dimes and quarters will be worth less due to their wear and loss of silver content vs. what they would be worth if price was calculated as X times face, like it is now. And not that this will ever happen, but it is much easier for the gov to dictate what can be done to its coinage vs. private minted rounds/bars, ex. the current penny and nickel ban on melting and export. Junk silver is US coinage so they could more easily affect that type of silver via new laws (confiscation, etc) than private minted items I believe (even though they can confiscate anything if they really wanted to).

Just my opinion.

Jim