FormerTeller
Bronze Member
So I ended up getting the collection, seen here http://www.treasurenet.com/forums/c...now-i-need-advice-good-offer.html#post5856019. The gentleman accepted my offer of $2,800 and we were both satisfied with how things turned out. I'll post some silver porn in another thread.
My dilemma is that I had to basically use up all of my CRH'ing funds to scrape together enough money to make the purchase. I borrowed $500 today to buy one of the 2 boxes I order each week - will search it tonight, cash in tomorrow, buy the second box, cash in Monday, and repay the loan Monday. I hate being cash poor. I get paid next week, but have big bills coming up, will take me forever to build up my bankroll again.
My original plan had been to make the buy, quickly flip the junk silver, and keep just the stuff I wanted. Now however, I'm having second thoughts. For one thing, I'm used to buying junk silver every few weeks for 13-14 times face value, yet here I just bought several years worth for 9.5 times face, and I'm going to sell it for 11 times face? And probably buy it again months later for 13-14 times? Nonsense! But I don't have the cash needed to take it all and keep it.
Then I got to thinking - I've got over 2,000 40% silver halves that I've found over the years taking up room in my safe deposit box. What if I sold them say to a refinery for a little under spot, and 'bought' the 90% silver that I was going to sell? That would mean I'd in effect be trading 40% for 90%, right? Technically, I might even make money. I've been doing the math, or trying to - it's confusing.
TL-DR - does it make sense to trade my 40% silver halves for 90% silver? Do I lose anything in the transaction (other than shipping fees)?
My dilemma is that I had to basically use up all of my CRH'ing funds to scrape together enough money to make the purchase. I borrowed $500 today to buy one of the 2 boxes I order each week - will search it tonight, cash in tomorrow, buy the second box, cash in Monday, and repay the loan Monday. I hate being cash poor. I get paid next week, but have big bills coming up, will take me forever to build up my bankroll again.
My original plan had been to make the buy, quickly flip the junk silver, and keep just the stuff I wanted. Now however, I'm having second thoughts. For one thing, I'm used to buying junk silver every few weeks for 13-14 times face value, yet here I just bought several years worth for 9.5 times face, and I'm going to sell it for 11 times face? And probably buy it again months later for 13-14 times? Nonsense! But I don't have the cash needed to take it all and keep it.
Then I got to thinking - I've got over 2,000 40% silver halves that I've found over the years taking up room in my safe deposit box. What if I sold them say to a refinery for a little under spot, and 'bought' the 90% silver that I was going to sell? That would mean I'd in effect be trading 40% for 90%, right? Technically, I might even make money. I've been doing the math, or trying to - it's confusing.
TL-DR - does it make sense to trade my 40% silver halves for 90% silver? Do I lose anything in the transaction (other than shipping fees)?
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