I didn't see a "Latest Score" topic so I decided this last score was worth starting one. While looking at a kilo silver piece I came across a seller that had 22 ounces of premium silver. A mix of lot of Libs and Eagles, the way listed made it appear as if the auction was for 11 ounces total. Long story short I paid $418 for 22 BU coins $19 minus 2% cash back i'll take it. While not really a score here is a picture of what about 25 ounces of sterling looks like when you send it to Prospectors Gold & Gems. I am very happy about their refining processes, only took about 14 days total from the time it left my house until the time the finished product got back. I am planning on sending all my worn 90% coinage.
I'm not here to change your mind or anything, but such smaller denominations are SO more liquid. I mean, that's basically a fact. and that your paying extra to melt it down? I mean yeah it looks pretty, but coins are IMO nicer looking and as I mentioned, more liquid.
I have $200 in junk face and by junk I mean junk. Plus I also had quite a bit in sterling bars I custom smoldered myself that would have been hard to resell down the road. In my opinion though I can understand your POV I like this more.
I predict you'll have a few second thoughts when you try to sell or barter those bars. EVERYBODY in the U.S. recognizes 90% dimes and quarters, and most would recognize 50c too.
Personally, I think the bars look nice, and I would rather have those than a bunch of dateless, worn out silver coins. I don't know what it cost the OP to have the coins "re-purposed" but if he prefers it that way, sobeit. Chris
Sure hope there aren't any uncaught key dates or varieties in those coins that you're getting ready to destroy. My take on junk 90% is that it consistently trades at a premium to raw metal, especially generic, non-name-brand, "modern hand-poured" bars. A roll of slick dimes might weigh 10% less than a roll of AU 1964s, but you can still sell it for the same multiple of face value. It's your stuff, and you're free to do with it whatever makes you happy. It just seems to me that you're paying extra money to transform it into a form that will sell for less money. Of course, if you're not planning on selling, this argument is void. Also, sterling tends to trade at a discount to spot, so the argument for refining that into .999 is stronger.
I'm not going to say I totally disagree with you because you are right for the most part. But I assure you that the 90% were worn slicks, sure something could have slipped thru but I don't think it did. A lot of my issues come in terms of space or lack there of. I am working on filling my third and I really don't want to buy a forth. PGG is a really great little company IMO, from what I can tell they only charged me about 2 ounces to refine this lot random crap.
Throwback, check out a credit union for SD boxes. Mine charges only about 60% as much as a bank. My 5 x 10 box is $41 per year.
I'm getting to the point where I have to consider the banks/CU though I have been reluctant in the past. I have been buying a lot of US Mint products over the last couple years and that stuff is a space killer. Thanks for the tip I do appreciate it.
I buy mostly Silver Kilo Coins, they have a huge premium on them sometimes, but boy do they look great. The NGC & PCGS graded Silver kilo coins are just stunning.
