To sell or not to sell...

[Ben-Ro]

Question for all your experienced CRHers out there:

As some of you may or may not know, when I first started in this hobby (about 3 months ago), upon my 2nd acquisition of any kind of half dollars I bought 6 solid rolls of 40%ers out of a teller drawer. I have now graduated from just CWR to doing a box of halves at a time, with minimal success.

The question: Should I sell the 40%ers that I found early on to increase my bank roll for searching boxes, or do I ascribe to the old proverb "A bird in the hand is worth two in the bush"?

Discuss (and thanks.)

 

[unclehuckelberry]

I would say it depends on what you want to do long term. Silver is on a downward slide right now so if you plan on saving your silver for a long time (I'm in my twenties and I plan on holding onto mine until I retire or if silver spikes to $300 an ounce) I would say try to find the capital some other way. If you want a quick buck then yes, flip your 40% coins and put it toward more CRH if you have the time and means.

 

[unclehuckelberry]

Also, the most you may get for them is $3 each and that's on the high end from what some people post on here.

 

[PhattyB]

I got $3.48 last weekend... but i think my 100 halves completed his bag (Refiners pay slightly more for complete $1000 face bags)

 

[CRHQueen]

I was at a coin show last weekend buying silver and one vendor was buying 40%'ers for $3.50. So with this in mind, if you sell 60 for 3.50 you will receive $210. That will not even buy you half of a case of halves. Yes, I know once you go through them you can dump them but you may be giving up 60 40%'ers for a chance.
I don't think holding silver is a chance because it will go up. We experienced this upward climb last year and it will happen soon.

With CRH, the more you do - the more you get. You're time will come!

 

[Solid Rolls]

Personally, I wouldn't sell just to increase a bankroll. But that's just me.

 

[fistfulladirt]

I would only sell them to get .999 silver or gold. Otherwise, hold on to them, too hard to come by as it is.

 

[Mr. Silver Stash]

I am not a mega-searched, but I search $10k a week. I just sold a bunch of silver in May to put cash back in my nest egg & CRH with profits. Sold 33oz, got $900. Replaced the $1k from savings.

I think the key is where has your current bank roll from & what level you want to search, what you can handle dumping a day, etc. If you are at a level where you can barely keep up with pickups and dumps, you are good. I turn over between $1000-$1500 dump & buy daily. I am at my max for now. I am considering selling some 40%'s to get the $1500 bank roll. That's 2 boxes of halves and 2 boxes of dimes each day. Turn em & burn em.

You could always get on a budget & start saving up for a bigger bank roll in a few months. Then you get to keep the silver and get the silver. From what I hear summer has less results than fall & winter hunting. Happy hunting! - JJ

 

[MrSchulz]

My philosophy is if I get it silver at face, I save it until it makes a new record (EX: Over $50). What I did last April when it hit $50, I watched it for three days, and when it started slowly going down 3 days straight and go to $48 something, I sold then. It went up once, then dropped all the way to $37 that summer. So I lost $2 an ounce, however it was easiest to do if I wanted to get the most $$. I would of hated to cash out, then it go to $100 or something an ounce.

 

[jerseyben]

Bad time to be selling as silver is pretty low at the moment.

 

[unclehuckelberry]

Actually if I was going to Atlantic City I would trade in a bunch of 40% halves for cash since I could triple my money playing blackjack

 

[CRHQueen]

Actually if I was going to Atlantic City I would trade in a bunch of 40% halves for cash since I could triple my money playing blackjack

Then buy back the coins and still have cash?

 

[Ben-Ro]

I currently ($27/oz) get $3.50 per 40% coin from my coin dealer; $3.60 if I trade towards something else.

 

[unclehuckelberry]

I would probably pay down some debt and buy a gold eagle.

 

[Bigheed]

i would only sell if you are going to trade up for something right now.

If you need cash this is a terrible time to sell, especially if its just to "increase your bank roll". I would get a 2nd job of any kind, even washing dishes if that is all you want $$ for. Let the silver ride!