Falling Silver prices

Great point. Coin collectors, stackers, and speculators are a drop in the bucket compared to industrial demand. That's what moves the market, from a macro/growth perspective.

Where I don't agree with Kurt is in his speculation of future value. Although I do think that the price of silver will drop further, I don't see how anyone can say it has a good chance of "staying at $6 for decades". I mean that comment was just pure nonsense. Not saying it can't happen, but theres no way anyone can be remotely close to knowing what will happen decades into the future.

 

Log in or Sign up to hide this ad.

Read carefully what I wrote. I said silver is perfectly CAPABLE of remaining in the $5-$6 range for decades. It doing so would require some possible but not certain things - starting with relative lack of big terrorism events. Will it? Probably not. Could it if we luck out? OH MY, YES! We are in a generic bear market for nearly ALL commodities right now.

 

Totally unrelated question in a thread that's becoming totally boring: Have you ever seen Jim Ruddy at an A.N.A show? I know every once in great while John Devine would be seen at a show. Was just wondering if Ruddy ever did the same thing.

 

The Photograde guy? Not that I recall. At Chicago 2015, I spent some time at the paging desk, and one guy had me page him. The guy that had me page him gave up. But the acoustics there were not great.

 

Thanks. I was just wondering. He opened a depression era general store
museum in the early 80's. I also heard that he'd become disenchanted with the coin hobby because it had become too mercenary. Heeeheeee, he hadn't seen nothing yet in the 80's.

https://www.google.com/url?q=http:/...-RmXlg&usg=AFQjCNGlDMlhunY5JdJ70nRdgIiiZCC5gQ

 

DAYUM! But I guess in between the 80's and now there was a "sleepier" time in the 90's. That's when I was grabbing up GSA encased common date CC Morgans for $50. Don't know why, but I became disenchanted with the whole series. I guess I just instinctively stay away from what "everybody" thinks is hot. Now, when I see a case full of PCGS-slabbed Morgans, I just sigh and walk on by.

 

Didn't Morgans go waterfall in the 90's?
I never really cared for them. I bought a Unc. 1904-O for a typeset and never looked at another since.

 

EXCELLENT choice for a type set piece! There are some wicked beautiful 04-O's out there. Nice mirrory fields with color. And the strike detail? To die for.

 

The one I have is a pretty plainish MS60 with weakness at the wingtips. Maybe that's why they never really impressed me? I think I would have liked EF40 better. At least it got out of the house.

 

I think the reason 04-O's seem more common in MS than EF is because so many sat for decades in the Treasury vaults until the Nixon era sell off.

 

You are correct sir. It's one of the most abundant year mm of the treasury releases behind 81s which means pretty much and and all types are available from dmpl to pl to wicked toners and also a kinda fun year to vam. People 04o specific sets for these reasons

 

There ya' go, Longnine. Try to put together a "grade set" of honestly circulated (i.e. No paint shakers or rock tumblers used) 04-O's and you'll have not ONLY a stout exhibit at an ANA show, but a Money Talk that I'd come hear. Me? I'm really not a fan of wildly colored Morgans, but some subtle bands of color on a mirrored field? Yummmmm-meeeee!

 

Boy I should have proof read that. Stupid phone grammar lol
And I have one of the largest phones out there. Go figure. Must be my clubbed thumbs

 

I don't necessarily disagree but I'm thinking it is a better bet right now than the stock market, which is a lot overheated. As I'm heavily invested in US and European stocks, I'm now hedging a little. I've lost 15% of silver over the past couple of years but I have a long horizon for selling the hoard that I'm collecting. I bet it will go over 20 sometime in the next 10 years. As it is a small part of my total portfolio, I'm not too concerned if it doesn't. The poker player in me likes to bet though.

 

I think you're more likely than not on a solid course, given the longish time horizon. I frankly don't see, and wouldn't bet on seeing $20+ within 10 years, but I admit it's a close call. One more really crummy terrorism success could wreak havoc. If I were holding a stash now, I'd hold it. I'm not, so I am also not building one, except for numismatic pieces.

 

I've been only putting my annual Roth IRA contribution into silver. I'm buying much more silver coins to complete my type set (all 20th century US circulation coins). I'm down to 40 left to complete the set. They are getting pricy now!

 

There are lots of MS64 Walkers for sale at $100 or less...even some 65's.
Good luck...and welcome.

 

I just got back from NGC a MS64 Walker that just knocked my socks off being graded that high. I would have been disappointed, but not totally shocked by a AU58 grade. My eyesight must be worse than I thought. It was BY FAR the ugly sister of the same date and MM that I still have raw in a nicely presented full set of MS 1939-1947 Walkers in gray plastic and mylar Eagle brand holders in a Eagle 36 box. Man, I love that system. Anybody got any spare Eagle 36 boxes we can dicker over?

 

As mentioned....stay away from non-government issues,dollar cost average from month to month until silver price reaches a point you are not comfortable with.

 

Thankya, thankya very much. But real nerds collect exonumia.

I still wonder how many stackers stack because they're disgusted with the cartoon U.S grading system of a flea wagging the tail that's wagging the dog? Good news for anyone tired of that game-grading exonumia, at least as far as what I have come across, resembles the B&D grading in the 50's. Ten years ago I was winning mail bid auctions for Vietnam War club tokens that were graded as + - = above average, below average or average.

^Got that medal yesterday. It's the John Paul Jones medal from the US Mint's America's First Medals. That's the Bonhomme Richard boarding the HMS Serapis. It's was the famous "I have not yet begun to fight" battle for which I paid $4.68. And that was with buy it now.

Exonumia: Geek on!