Question.

Would you buy 90% silver quarters/dimes @ 20/oz today?


Roosevelt/Washington

 

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Sure, if it's all 1916-D mercs in the lot.

 

Would you?

Chris

 

I bought 20 oz's because I was in a rush to buy. I usually order online with a lower cost per ounce.

 

Okay, so called Profit Man

Why would I ever buy at $20 when silver is at $16.28?

Change your name to Loss-Man.

 

I remember something GDJMSP said in a thread where I was saying that coins you keep can count as profit... "you haven't made a profit or loss until you sell".

But as to the question asked here, if it pertains to common date circulated coins (a.k.a. junk), paying more than current prices is intent to invest, which is not a smart thing to do with such a volatile commodity.

 

I would not buy common circulated junk silver 90% for $20/oz, because that is too much premium for me.

I might if they were all clean silver proofs.

 

Don't make excuses. Why don't you just say that you're not as smart as you think you are.

Chris

 

What is the rush to buy at $20? You make it sound like its going to shoot up in value in a matter of days.

 

Its down over 1% today.

Premiums are still high. If 15-16ish is the new normal for a while, they will come down. They always do. What will happen is things like barbers and half dollars will increase their numismatic premiums again, (again, like they always have).

Silver dollars are being weird. It looks like maybe they have moved away from junk silver prices with just larger premiums and across the board are numismatic at this point, (until silver goes back to $50).

 

I wouldn't have purchased them, it's just too much premium.

It's no longer down 1% on the day.

You dudes with the name calling really need to chill out...they asked a question and you took it upon yourselves to insult them...lame, very lame

 

Boy that was quick.

I agree there is no need for name calling. It was too rich of premium for my blood, but if the OP does think we are at the cusp of a bull movement it would be prophetic. We all have different opinions, and never know who was right until after the fact.

 

It's a little curious to me that he stated $20/oz, so is it $14.30 X face? While it's more than I'd be willing to pay for 90%, it's not so far out of whack based on current premiums. It's pretty common for premiums to change on items, and he could look like a genius in a day, week or month. You just never know.

 

I'd pay $20 oz, but not for junk 90%. Even if silver jumped to $25oz tomorrow, I'd still bet he'd take a loss on 90%. Refiners won't pay spot for stuff they have to remove, and at some point someone will see that loss. Not for me, but maybe he'll come out on top somehow.

 

For the right 90% silver coins, I certainly would pay $20/oz. today.

For random 90% silver, not today.

 

I pretty much wouldn't do anything that you would do.

 

I simply bought because I wanted to do so. and I do not think your life is filled completely.. you need a woman maybe?

 

I think what he really needs is to keep his insulting comments to himself, unless of course he's perfect...

 

If you go back through all of the OP's threads, you'll find that my remarks aren't insulting. Rather, they are pretty much the opinions expressed by the majority. Maybe it is because the OP is still a teenager struggling with puberty, but his attempts at impressing most of us have failed miserably. Until he shows some signs of being thankful to the people who ONCE tried to help him, I'll show him no sympathy.

Chris

 

Are you speaking from experience...?