selling CRHing finds. 40%ers to upgrade to 90%ers.

[TheRockDoc]

selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

Hello everyone, I recently sold a bunch of my 40%'ers, to exchange into 90%'ers, mainly for the purpose of saving space/weight. My intitial goal was to acquire a full box (1000) silver coins. Made up of both 90's and 40's. then I started thinking that even if it takes me an extra 2 years (hopfully it wont) I would rather just acquire a box of 1000 all 90%'ers.

So anyways, I sold 10 rolls of 40%'ers yesterday for $900. That was $4.50 per coin. Can anyone tell me if that was a good deal, or is there a better way to get the most value out of 40% half dollars? The guy said he would take all I had for that price, so I am actually just thinking about dumping all of my 40's on him to go and buy equal silver weight in 90's. Any thoughts on how one can do this as effective as possible?

Thanks.

 

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[Dmwainw]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

As per the Coinflation website the spot silver value of a 40%er should be $4.95 right now...so I don't think you did too bad...

 

[Piledriver]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

I think you got a very good deal in the short term.

However, I think that 40%ers have much more potential over the long term.
The way to get ultimate value from any silver coin is to reserve it for it's FINAL use; as in spending it for food, rent, cancer surgery, etc.

JMHO.


Keep on Rollin' !

 

[mts]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

Provident Metals is currently paying $4.66 per coin and they usually pay pretty good. So I'd say you did really well. I wouldn't hesitate to sell the guy more at that price.

 

[conleytheking]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

I thought about selling all mine. But when society collapses, the only way to get any thing is with either silver, or my .45. Lol.
But really...I'd take that deal if I were selling.
That's close to spot and avoiding a possible taxable profit.

 

[TheRockDoc]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

I appreciate all the input, yeah I called Provident before the deal, and was surprised that they pay more than $4.50 per coin. In the end, the only reason I didnt go with provident was because it wasnt enought to make a difference especially after shipping fees etc... Plus the guy was waiting for me to meet him, as I was already on my way.

for the "inpending doom coming w/economic collapse" crowd, I hear you all loud and clear.... My post says I am doing this to upgrade into 90%'ers to save space and weight. I have dimes for small increments, I do not want a bunch of copper filled junk silver weighing down my pack when SHTF.... I am not saying that society is going to collapse, and if it does, I believe having silver will only amount to a small percentage of what is going to matter for survival. I have thought alot about it though, and the more I look around, the more I realize that it is highly unlikely that the dollar collapses. I mean, think about what it would truly take for that to happen... starting with your average sheep would need to decide the dollar is worth the paper its printed on, I just dont see it happening. EVER. but I am doing my best to be prepared if it does.

Anyways, I feel pretty good about $4.50 per coin, I think I am going to unload the rest while I have a buyer, and if anyone out there in Tnet land wants to sell 80 or 160 90% half dollars, PM me.... I am a buyer all day at $24 per dollars worth. ( including shipping or whatever other fees involved in getting them to me).

Chris.

 

[fistfulladirt]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

Good deal. I'm not sure why 40% halves are valuble now, when they weren't in 1980.

 

[sagittarius98]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

Good deal. I'm not sure why 40% halves are valuble now, when they weren't in 1980.

Maybe few were sold as most did not keep them.

 

[silversearcher9040]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

So anyways, I sold 10 rolls of 40%'ers yesterday for $900. That was $4.50 per coin. Can anyone tell me if that was a good deal, or is there a better way to get the most value out of 40% half dollars? The guy said he would take all I had for that price, so I am actually just thinking about dumping all of my 40's on him to go and buy equal silver weight in 90's. Any thoughts on how one can do this as effective as possible?

I assume there will be some spread between what you sold those for and what you pay for the 90%.

One possible way to avoid this may be to find someone who thinks they will use the silver coins to barter with after an economic collapse. These people tend to like smaller denominations like dimes. If they have a bunch of 90%, they might consider doing a 4:9 trade (an even trade) just to get the coins with less value. Might be worth a try anyway.

 

[weighit]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

You did real good with that figure, I sold my 40% halves last Friday for $4.00 each, the highest amount I could find within 75 miles of my home. I got $5.00 each about a year ago but silver was higher then too.

 

[$nack-Money]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

I happen to launder my 40%s (legally)... and this is how I do it: My other passion (aside from CRH) is guns. It takes time, but every month or two I find someone who is wanting to trade guns for silver coins. You can typically find these deals on craigslist. With exploding interest in silver investments, you will usually find a someone willing to trade guns for 40% Kennedys for melt (I make sure that detail is ironed out prior to even meeting the person to view the gun and perhaps strike a trade deal). So I come out ahead on the silver by getting melt value for it, especially since the average joe doesn't know that 40%ers almost never command the same value retention that a 90% does. Being very familiar with gun values in may area, I am always able to offload the gun at the next gun show for a profit (or hold on to it for a while if I happen to like it) even over what I traded for the gun melt value wise.

I, as well as others that have stated it in the past, am a firm believer that end use of the silver is the only way to maximize profit on silver sales. I refuse to purchase any type of silver at melt cost (or above)... after all, face value is the only way I roll (pun intended)

 

[MIhunter]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

Good deal. I'm not sure why 40% halves are valuble now, when they weren't in 1980.

A 40% half dollar has 0.148 oz of silver.
When the spot price of silver is $33, they are worth about $5 each
When the spot price of silver is $5 (2001) they are worth $0.74 each, hardly worth the effort, when you paid $0.50 each

The old time CRHers say that use to dump 40%ers and only keep the 90%ers.
Even 4-5 years ago 40%ers were worth maybe $2

 

[namster]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

I happen to launder my 40%s (legally)... and this is how I do it: My other passion (aside from CRH) is guns. It takes time, but every month or two I find someone who is wanting to trade guns for silver coins. You can typically find these deals on craigslist. With exploding interest in silver investments, you will usually find a someone willing to trade guns for 40% Kennedys for melt (I make sure that detail is ironed out prior to even meeting the person to view the gun and perhaps strike a trade deal). So I come out ahead on the silver by getting melt value for it, especially since the average joe doesn't know that 40%ers almost never command the same value retention that a 90% does. Being very familiar with gun values in may area, I am always able to offload the gun at the next gun show for a profit (or hold on to it for a while if I happen to like it) even over what I traded for the gun melt value wise.

I, as well as others that have stated it in the past, am a firm believer that end use of the silver is the only way to maximize profit on silver sales. I refuse to purchase any type of silver at melt cost (or above)... after all, face value is the only way I roll (pun intended)

You might want to be careful admitting to dealing without an FFL on a public forum. Just saying.

Explanation-

You purchase the rifle for $40 in 40% face value and the rifle is worth $400. You sell the rifle for $400 at the gun show. In the eyes of the ATF you turned a profit of $360 (which technically you do since you bought the coins for .50 each). If you do this regularly (more than a couple times) you are considered to be engaged in the business of selling firearms, which requires an FFL license.

 

[quiksilver]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

Since i dont mail my coins and have access to plenty of places to sell i would say $4.50 is a good price .

 

[fistfulladirt]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

Good deal. I'm not sure why 40% halves are valuble now, when they weren't in 1980.

A 40% half dollar has 0.148 oz of silver.
When the spot price of silver is $33, they are worth about $5 each
When the spot price of silver is $5 (2001) they are worth $0.74 each, hardly worth the effort, when you paid $0.50 each

The old time CRHers say that use to dump 40%ers and only keep the 90%ers.
Even 4-5 years ago 40%ers were worth maybe $2

True, but I said 1980, when spot silver approached $50 an oz.

 

[TheRockDoc]

Re: selling CRH'ing finds. 40%'ers to upgrade to 90%'ers.

Good deal. I'm not sure why 40% halves are valuble now, when they weren't in 1980.

I wasn't around in 1980.. But I think there is a good possibility that the answer to your question is as simple as..... Coinflation.