40% Kennedy half ?

Hi Folks I have a question, I have a nice hoard of 40% 65 through 69 kennedy half dollars and was wondering if I should sell them and turn the money over to 90% halves. If things go bust are they as good to keep or should I only invest in 90%ers?
THANKS FOR YOUR INPUT

 

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Silver is silver. I like 90 percent but if you're just holding, not selling, I don't see why it matters.

 

i think it depends on what you can get for them. granted silver is silver but it seems the 40% and 35% silver coins are hard to get decent money for

 

Agreed. Unless you're refining it yourself, you'll likely get a lower % of spot for .400 and .350.

 

If he sells it. Trying to get 90% halfs at spot is difficult. Wouldn't he spend more than just sitting on the 40%.

 

In my experience, you get close to spot selling .900. You get less selling .400. Buying, you'll pay more for .900, but it's easier to sell. I think liquidity in the event that you have to sell (possibly quickly) is more important than the little extra premium you're paying today, when you're not in a pinch.

 

On a slightly related note, but aren't all the 1970 Kennedys also 40% silver? (and yes I know none were minted for circulation this year; they only appeared in mint and proof sets.)

 

That's correct. Most people just say 1965-1969 because they don't have any from 1970.

 

I have a 70 or 2 but like you said mint coins UNC I have never found a 70 while searching, Nor a 87 But I put together a nice Kennedy set from 64 through 2011 so far from searching if I see a real nice coin I put It aside and look at my folder when I am done to see if its better quality than whats in there. So thats why I said 65-69.
Now on the original post so what if maybe I do plan to sell in the future? If silver tops $45. I may just do that, Or maybe I will sit on them hard to if you run into a problem and need cash. would I be better selling them on ebay, For pretty much spot maybe on a free selling deal. And turn around and buy 64's ? But it seems to me they both bring pretty much spot the 64's maybe a tad more. But these were all found while searching coins for the last 5 years or so, So I really only have face value into them.
ALSO THANKS FOR ALL THE REPL'S MAKES ME FEEL AT HOME.

 

ebay fees 9%
paypal fees 3%
plus a few bucks for shipping
i would just shop them around to see what people are offering or see if you can trade 3 40% for 1 90% or something like that

 

Three for one is a bit low -- at the last coin show, dealers were offering something like $11.25 for 90% halves and $4.20 for 40%.

 

The only 1970 non-proof 40% silver was the 1970-D, which you can only get in UNC mint sets.

As for resale, I've found they are usually not as close to spot as the .900, but you should be able to get 90% of silver melt on them in general which isn't altogether that bad (today's melt - $5.04, should be able to get around $4.25 - $4.50 each).

I like them as just yet another form of junk silver, much more easily stackable and tradeable than junk sterling.

 

I get about $4.50 per 40%. I generally don't hold onto it, I prefer 90%.

 

Since you already have the 40%, I wouldn't sell them to buy 90%. If you subsequently go to sell the 90% coins, you will have lost two levels of bid-ask spreads instead of one if you just keep the 40% coins until you are ready to sell. And if the bull market in silver really heats up, the spread for 40% coins might narrow.

 

Something to consider... If your goal is to have silver, why not look for a collector willing to trade bullion for coins? That way, you get what you want (liquid .999 silver), and they get what they want (numismatic items at "spot" price). This assumes your coins are in reasonable (not beater) shape.

 

There comes a certain price point where it does not pay to extract the silver from 40% coins. I don't think silver will ever dip below that price again. If that is the case, then hold on to the 40% unless you want to sell it for some reason like to purchase coins or whatever. However, to be on the safe side, converting to bullion now, while prices are relatively high, is also a good idea as long as you plan on keeping the bullion for some long term period and do not plan on liquidating it over the next 5 years or so.

 

so 12.60 if you sold three of them at your cost melt is 12.33 for a half. its pretty close to each other

 

I would say 5:2 ratio is closer. Maybe 11:4 at worst. I wouldn't do 12:4 (3:1).

 

perhaps it is just me, i've always had a hard time getting rid of the 40%. right now i am stoked to get a dollar back of melt on them ($4) but on the 90% i know i can get anywhere from 2x to .5x back of melt.
at 5:2 the dealer will make 44 cents on the deal if he sold at both 40% and 90% at current melt. i haven't seen a dealer that nice. the 11:4 might be possible they would make about 6 dollars. but again, how much can you really get for 40%? they kinda seem like the red headed step child (no offense to red headed step children)

 

I buy these 40% kennedies at around 90% of spot, you should be able to get that for them anyways......

You can also get a bit more than that for them if you are patient. I wouldn't be surprised if you could get over spot on ebay before fees if you are willing to sit on them awhile.