is it worth it to hold 40% silver

Discussion in 'Bullion Investing' started by dan8802, Jan 30, 2011.

  1. dan8802

    dan8802 New Member

    Hey guys/gals,
    I mostly hold 90% silver and .999 silver.
    I also have a $10 face roll of almost uncirculated 1969-D 40% Halfs.

    Besides taking up double the space of 90%, are there other down sides to holding 40% silver? Is it harder to get rid of? Do many of you hold 40% silver in your portfolio?

    Also, I was having trouble finding how much silver is in these 40% halfs. I know there are 715 ounces in $1000 face of 90%. I'm pretty sure there is about 300 ounces in a bag of 40% halfs. Is this true?

    Thanks.

    edit: I would be selling the 40% to buy 90%.
     
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  3. Boxeldercoin

    Boxeldercoin New Member

    Hi, Try coininfo.com This site gives the silver content of you coins plus much more. Try the site and I am sure you will like it.
     
  4. fretboard

    fretboard Defender of Old Coinage!

    I just sold almost all of my 40% Kennedy's around a week or two ago on ebay when silver was strong at $30. I don't regret it yet but you never know. I'd say, wait and weigh the answers you get.
     
  5. Tater

    Tater Coin Collector

    It takes a lot of coins to have some silver. If you can store them good if storage is tight sell and buy 90%.
     
  6. 2schnauzers2luv

    2schnauzers2luv Junior Member

    I have some 40% silver I'm holding. If I chose to get rid of it, that's easy. Your $10.00 face roll is worth $82.85 this moment. It contains 2.9579 ozs. of silver. Each coin is worth $4.14. Each coin contains .1479 oz. silver. I would keep them. Up to you though. Hope this helps.
     
  7. dan8802

    dan8802 New Member

    If it makes any difference, I would be selling it to buy 90%.
     
  8. FishyOne

    FishyOne Member

    Roughly 295 ounces of silver in a bag of 40% halves. (Rounded down for wear) I'd convert them to 90%.

    http://www.apmex.com/Category/243/40_Silver_Coins_Rolls__Bags.aspx
     
  9. zekeguzz

    zekeguzz lmc freak

    What is a fair price per ounce when bringing your silver coins to a dealer or jeweler?
    For instance if silver is at $28/oz:
    A 90% half = $10.13 x .85 = $8.61
    A 40% half = $4.14 x 85% = $3.52
    Would 85% be good?
     
  10. Texas John

    Texas John Collector of oddments

    A dollar under melt value for 40% halves. They cost more to refine, so expect less of a percentage of melt than you'd get for 90%.
     
  11. 10gary22

    10gary22 Junior Member

    Right now I am holding all my silver.
     
  12. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    40%'ers are tougher to dump, generally speaking, than 90%'ers.
     
  13. Collector1966

    Collector1966 Senior Member

    The selling point about 40% silver Kennedys is that they are of a known weight and fineness that nearly all US dealers know. I have a roll of those things, but I don't know if I would sell them because I have fond memories of them from my earliest days as a collector.
     
  14. Fifty

    Fifty Master Roll Searcher

    I'm keeping mine. I have $940 face. I might sell at some point and switch into platinum or palladium.
     
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