Trade 40% for 90% or .999 ???

I have about 8 rolls of 40% Kennedy halves that I obtained at face value roll searching. I am undecided as to whether I should keep them, or sell them and buy some 90% junk or .999 rounds, etc.

Storage space is not an issue for me, so the only way I think making a switch makes sense is if I sell the 40% when silver is high, wait for a correction and then try to buy more 90% or .999. If there is no correction, then I can see no advantage from a bullion standpoint.

I have about 24 oz of silver in the 8 rolls of 40%. I can probably get 3.50 a piece for them, or $560. If you figure I could buy at, say $36 oz today for junk or generic, that's 15.5 oz i could buy with the money I sold the 40% for. So I'd lose 8.5 oz of silver at today's prices.

I know 40% are less desireable and you can buy and sell them at a discount, but is it worth it to sell them for higher purity stuff if you can't buy that higher purity stuff at a significantly lower spot price? I don't know about you guys, but I expect $50 oz silver....soon.

Any thoughts appreciated. Thanks.

 

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I've got alot of 40% that I have pulled and I have no plans on trading/swapping them. Personally I would not buy 40% but I would hold all I had until my sell target is reached. You will lose money swapping out unless you find someone who really wants 40%. Since you mentioned storage not being a problem, that's another reason I would say just hold. The higher silver gets the smaller of a discount 40% will sell at relative to 90% and .999 fine.

 

I agree with fifty,
If you already have it,Keep it
and just keep stacking a wide variety
of types of silver 1oz 5oz 10oz 100oz.999and 90%
You already have a good supply of 40%

 

not me, im the other way around, buying 40% right now. my 999 stack is healthy so 40% at under melt makes sense to me. my last snag was a lot of 200 that came out to $29.47/oz., $4 under spot.

 

You should be able to do a lot better than $3.50 per. I sold 10 rolls 2 weeks ago for $86 a roll and it has jumped quite a bit since then. If nothing else, call APMEX and I know they are paying a lot better than your quote.

 

Thanks, guys.