I may cash out. I have some gold coins all in a sealed container. What is the value for an ordinary seller here? Are you guys really buying at $4050 plus +? It seems like a fake thing? And when was silver going for $50+? edited - forum rules
Any LCS or coin show will probably come close to your price. But with gold at $4,050 give-or-take and taking into account the 0.9675 ounce differential...figure $120 discount to spot.
And the precious metals are continuing to rise in price. You should be holding, not looking to sell at your age.
I like the OG Label and always wanted an 08 NO Motto. Silver at $50... I've paid more for a few pieces.
Well only gold coin I currently own I don't want to ever sell, for sentimental reasons. I don't own a crystal ball but my instinct is that gold's not going to stay where it is indefinitely, so if I had any gold I was willing to sell, I probably would. Depends on whether or not you're hurting for money. At some point gold is just a shiny rock you can't eat lol.
I think the gold and silver price is as high as it will go. It's up X 3 or 300%. I can take some money off the table and still be well over what it was a year ago. The recent price action is nuts for a guy that has been in for years.
Not 300% but we're half way there... I'm sorta in the same spot. I'm considering selling some vintage silver bars. Couple of directions to go... Sell vintage and stack generic Sell vintage and buy gold
The future will be expressed in silver. As long as the FED is lowering rates gold will go up but silver has not yet begun to increase and can not be stopped even with much higher interest rates.
That sounds backwards to me. Right now, the rising bullion price has compressed premiums for nicer pieces, which means you'll get less for them when you're selling. My take is that it's best to sell generic when PMs are super-high, and use the proceeds to buy the fancy stuff while its premiums are relatively low. When PMs sink again, the nicer pieces are likely to hold more of their value. ...especially if prices stay high enough long enough that a lot of the nicer stuff goes into the melting pot. (As I've said before, I'd love to be able to sift through the stuff that's getting sent to the refiners, and ideally swap 1964 dimes/quarters/halves for better dates.)
Sell vintage and stack generic would not be at a 1-1 ratio. 1-1 ratio would Defeat the purpose of holding vintage over generic. A better ratio 1-2 or 1-3 makes me question if I should start to convert... especially at around a $20 DCA.
I agree as the supplies for silver continue to run low and the demand continues to increase. Technology today is increasing very fast and silver is the key element in their production.
But if the ratio is 1-2 or 1-3 right now (1 vintage piece gets you 2 or 3 generics), it's likely to be higher when silver falls back - at that point, the vintage piece might get you 4 or 5 generics. The better pieces are more likely to hold their value as silver drops. I'd be looking at it as "hey, I can sell two or three generic bars and get this nice vintage piece with the money. A year ago, I would've had to sell four or five generic bars to get it." But if all you want is the tallest stack you can get, I guess you should never buy or keep the nicer pieces - always go for whatever has the lowest premium. I can't say that's the wrong approach, but it's not what I want, at least not at the moment. Edit to add the obvious point I was missing: if silver continues to soar, the premium on your vintage pieces will just keep compressing, and the generics will soar in sync with spot. I guess I've just proven to myself that I really don't expect silver to keep going up like this, at such a deep-seated level that I'm treating it like common sense. Which, of course, isn't always a good investment strategy.
This was my thinking Maybe it's time to get out of the caretaking duties on the collectables A bird in the hand and use the proceeds in other areas while still hopefully making more $ in the process.
