Too much silver?

[kb4iqm]

Normally I would say there's no such thing as too much silver from CRHing, but I'm beginning to wonder now.

Lately, it seems that there are so many older folk cashing in hoarded coins at the banks that it's becoming a strain on my finances to buy all the silver that's been turning up. Not just that, but running out of room to securely store silver may soon become an issue. I had to take a few hundred really nice condition 40%er halves out of the airtites I had put them in, and just roll them up to save space.

Anyone else notice a larger number of older coins being cashed in lately?

Bob

 

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[RUSSIANPAUL]

If you are feeling that it is becoming a strain, you can feel free to store it at my house?

 

[usandthem]

I wish. Not around here.

 

[CHAINCHOMP]

sell some and trade for 90%, 999 silver, or gold to save space. Keep it up and hh! [R.I.P. Rich Hartford]

 

[Ginkawa]

sell some and trade for 90%, 999 silver, or gold to save space. Keep it up and hh! [R.I.P. Rich Hartford]

I agree with this. if I had that problem, I'd perhaps set a threshold (x amount of FV baseline for each denomination I had) and sell everything beyond that, and/or just sell the least-dense holdings either to just free up more money to get higher density stuff, or to directly "trade up" to pure silver coins or bars.

if my very rough guesstimation of value is right, you could probably trade in less than 200(going by silver melt value only, from the sound of it probably way less than that) of the 40%'s you mentioned putting in rolls, and get a roll of 20 ASE's. seems like a good trade to me. but I'm still new, so maybe theres a flaw with this reasoning.

 

[Bentfork]

Lately, it seems that there are so many older folk cashing in hoarded coins at the banks that it's becoming a strain on my finances to buy all the silver that's been turning up.

I think 99% of the people on this forum would like to have that problem.

HH

Bentfork

 

[mts]

Lately, it seems that there are so many older folk cashing in hoarded coins at the banks that it's becoming a strain on my finances to buy all the silver that's been turning up.

I think 99% of the people on this forum would like to have that problem.

HH

Bentfork

Amen. I wish some older folk would cash in some coins around here. It's been bone dry around here for a long time. I guess some guys have all the luck and don't know when to stop complaining.

 

[azlegends]

I wish, and I was excited for getting some old guys penny collection.

 

[Dok Holliday]

Trade up to Gold, Platinum, and Palladium (I think the hosers make some Palladium Bullion coins).

I also like some of the designs on the American Platinum Eagle, they change the design every year. Platinum is pretty stable, being used for converters in vehicles, demand is usually always there.

 

[Jeep]

5 gallon buckets with gamma seals works for me

Stacks neatly on the rack in the garage, use the bottom racks cause their pretty heavy when full.

 

[pronghorn]

Normally I would say there's no such thing as too much silver from CRHing, but I'm beginning to wonder now.

Lately, it seems that there are so many older folk cashing in hoarded coins at the banks that it's becoming a strain on my finances to buy all the silver that's been turning up. Not just that, but running out of room to securely store silver may soon become an issue. I had to take a few hundred really nice condition 40%er halves out of the airtites I had put them in, and just roll them up to save space.

Anyone else notice a larger number of older coins being cashed in lately?

Bob

Oh come on, really?

What do you live in, a shoe?

 

[papa1956e9]

Anyone else notice a larger number of older coins being cashed in lately?

I was in the post office today and the older (much much older) guy in front of me was counting out his pennies, nickels and dimes to pay his $5ish postage. The dimes looked mostly newer and the line was long so I didn't try and buy them from the lady behind the counter, but my point is that there are people using coins still to pay for things and probably in today's economy having to break open those piggy banks more and more often.

Anyone ever seen the movie "Up"? I really really wanted to search those coins, even if it was an animated movie.

 

[fiddycent]

Heck of a problem ya got there kb. I "airtited" lots of coins at first. Later I quit because I found it impractical both from a storage point and from a financial point. What I found to be a good coin was merely junk silver. Cheaper to roll it (free from banks) than "airtite" it (buy one per coin!).

I found a huge stash of '64's and Franks one day...many I thought were in AU condition. Took 'em to a coin dealer. He louped 'em and said "Junk.". Ugh! Oh well. Now I wrap 'em all.

BUTT...if ya still have too many, I have some room left in my safe. For a nominal fee. Oops. I mean...for a phenomenal fee.

 

[kb4iqm]

Oh come on, really?

What do you live in, a shoe?

Yes, really! It may not be a shoe but it's no mansion either. I live in a 13' X 13' room with a bathroom on end end and a kitchen on the other. Not many of us old timers living on social security can afford to live in big houses! I manage the space well, but it's still limited.

I think I manage my finances pretty darned good as well, using bill pay money at the first of each month to CRH with. Keep using it over again, up until the dates the bills have to be paid. But it sure doesn't leave a whole lot left over each month once those bills are paid. The royalties I used to collect on the sales of my inventions has declined to nearly zero since the economy has turned so bad. So my monthly budget for keepers is limited, hence the reason for my original post.

The numbers of silver keepers has been on the rise recently, and I will not sell off any silver coins in order to keep on buying more silver keepers. My clad collections would be sacrificed first before I would sell any of my silver coins. The coin dealers around here won't even pay 50% of spot for silver, but they sell for well over spot. Three weeks ago, one of them had the gall to offer me $2.50 each for my walking liberty halves, then offered to sell me some junk grade Morgan silver dollars for $40 each. No way will I sell to, or buy from, those crooks.

When that bank screwed me out of over $283 on the bag of dimes their coin machine miscounted, it put a big dent in my CRH budget. I've also paid near spot on several occasions to others in worst financial condition than I am in, because I had the money to spare at the time, and because it was the right thing to do.

Bob

 

[quiksilver]

since airtites are about a dollar each maybe putting 40%ers in them was over kill. In fact you were probably better off buying more silver with that money

 

[madwest]

. . . I will not sell off any silver coins in order to keep on buying more silver keepers. My clad collections would be sacrificed first before I would sell any of my silver coins. . .

That surprises me. From the sounds of it, and from personal experience, there seems to more silver in circulation than key date collectibles. Unless you can get more than $28.50xface for your clads, there is no better way to finance your "hobby" than to sell some 90% junk halves (except maybe $11.28xface for 40% if you are attached to your 90%). There are a number of big name online dealers paying respectable prices for junk. Your crooked local dealers are not the only game in town.

 

[mleblanc138]

There's always turning the Silver into something much more value dense, Like Gold, Platinum, or Palladium. And I've noticed an uptick in both Franklins and Walkers in my boxes.

 

[pronghorn]

Oh come on, really?

What do you live in, a shoe?

Yes, really! It may not be a shoe but it's no mansion either. I live in a 13' X 13' room with a bathroom on end end and a kitchen on the other. Not many of us old timers living on social security can afford to live in big houses! I manage the space well, but it's still limited.

I think I manage my finances pretty darned good as well, using bill pay money at the first of each month to CRH with. Keep using it over again, up until the dates the bills have to be paid. But it sure doesn't leave a whole lot left over each month once those bills are paid. The royalties I used to collect on the sales of my inventions has declined to nearly zero since the economy has turned so bad. So my monthly budget for keepers is limited, hence the reason for my original post.

The numbers of silver keepers has been on the rise recently, and I will not sell off any silver coins in order to keep on buying more silver keepers. My clad collections would be sacrificed first before I would sell any of my silver coins. The coin dealers around here won't even pay 50% of spot for silver, but they sell for well over spot. Three weeks ago, one of them had the gall to offer me $2.50 each for my walking liberty halves, then offered to sell me some junk grade Morgan silver dollars for $40 each. No way will I sell to, or buy from, those crooks.

When that bank screwed me out of over $283 on the bag of dimes their coin machine miscounted, it put a big dent in my CRH budget. I've also paid near spot on several occasions to others in worst financial condition than I am in, because I had the money to spare at the time, and because it was the right thing to do.

Bob

If you have too much coin and need some cash
why not list a roll or 2 or 3 or whatever of 40%ers here?

http://forum.treasurenet.com/index.php/board,409.0.html

and see how it goes.

 

[FreedomUIC]

Oh come on, really?

What do you live in, a shoe?

Yes, really! It may not be a shoe but it's no mansion either. I live in a 13' X 13' room with a bathroom on end end and a kitchen on the other. Not many of us old timers living on social security can afford to live in big houses! I manage the space well, but it's still limited.

I think I manage my finances pretty darned good as well, using bill pay money at the first of each month to CRH with. Keep using it over again, up until the dates the bills have to be paid. But it sure doesn't leave a whole lot left over each month once those bills are paid. The royalties I used to collect on the sales of my inventions has declined to nearly zero since the economy has turned so bad. So my monthly budget for keepers is limited, hence the reason for my original post.

The numbers of silver keepers has been on the rise recently, and I will not sell off any silver coins in order to keep on buying more silver keepers. My clad collections would be sacrificed first before I would sell any of my silver coins. The coin dealers around here won't even pay 50% of spot for silver, but they sell for well over spot. Three weeks ago, one of them had the gall to offer me $2.50 each for my walking liberty halves, then offered to sell me some junk grade Morgan silver dollars for $40 each. No way will I sell to, or buy from, those crooks.

When that bank screwed me out of over $283 on the bag of dimes their coin machine miscounted, it put a big dent in my CRH budget. I've also paid near spot on several occasions to others in worst financial condition than I am in, because I had the money to spare at the time, and because it was the right thing to do.

Bob

If you have too much coin and need some cash
why not list a roll or 2 or 3 or whatever of 40%ers here?

http://forum.treasurenet.com/index.php/board,409.0.html

and see how it goes.

Storage is becoming an issue for me as well. I have several Dansco books I am working, bullion, and Rolls of 90%'ers and 3 40% coins.
I also store my weapons in there as well. I have one shelf left to work on, safe deposit box is full and I am now searching for other alternatives.
To sit there and make your comment about a 'Shoe' seems quite rediculous and even disrespectful. No, I am not retired an I own a 1600 SF home with 3 bedrooms and 2 baths. Gotta any ideas for me besides a shoebox.....

 

[pronghorn]

Storage is becoming an issue for me as well. I have several Dansco books I am working, bullion, and Rolls of 90%'ers and 3 40% coins.
I also store my weapons in there as well. I have one shelf left to work on, safe deposit box is full and I am now searching for other alternatives.
To sit there and make your comment about a 'Shoe' seems quite rediculous and even disrespectful. No, I am not retired an I own a 1600 SF home with 3 bedrooms and 2 baths. Gotta any ideas for me besides a shoebox.....

Lighten up Francis. Nothing to get angry about.

It seemed to me that if the OP was finding so much silver
that he was running out of space to store it, he must be
doing quite well.

Think about it, if you are finding so much silver that
storing it is a problem, sell the junk, take the 2500%
profit, rent another safety deposit box, and hunt away.
I don't think there is a limit on how many safety deposit
boxes you can rent, is there? If you are so attached to
shiney metal that you won't get rid of any of it, that's
a whole other issue.

Buy a safe, throw a table cloth on it, chuck the dinner
table, eat off the safe, and get back to finding that silver.

If I had that problem I would definitely sell my 40%ers,
and increase my CRH volumn for as long as the silver
held out, no matter how many safety deposit boxes
I had to rent or how many gun safes I had to buy or
how many shoe boxes I had to stack in the dining room,
bedroom, bathroom. I'd throw out the food and stack
silver in my kitchen cabinets, I'd chuck my computer table
and build one out of boxes of silver. Your'e right! I am
ridiculous.

I don't do anything special as far as storing silver,
it's in boxes on the dresser.
I can't dump locally, so I usually have way more clad
stored than the silver I have accumulated,
until I can make a dump run which involves driving
80 miles or more one way.
Can't imagine having a storage problem,
I have twenty some guns stored in a gun case made
to hold 8, it isn't an issue or a problem, it's an
opportunity to get creative.

You have enough money to
buy bullion but no way to store it?
I bet everyone here wishes they had your problem.
You can always dig a hole like grampa did.
Or you can send it my way, I am 100% trustworthy
and have plenty of space. Be glad to help you out!