Lock in at 12xFace or Wait til end of Month?

I tend to think it's undervalued for the long term -- but I thought the same thing at 20x face.

Lesson: what I think about its current valuation is typically poor investment guidance.

 

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You're right. There's no point in buying under melt when you have the opportunity to pay over melt instead.

 

Other than buying it at face value, which I still do, I haven't bought silver in any quantity since it hit $12.50 an ounce, but I have been parting it out ever since then.

 

My average cost per ounce is $14.66, having Coin Roll Hunting halves to keep it down in the profit zone.

 

Today is the day I get $11.40 cents of mixed 90% coins for 12xFace and $11.50 of mixed 90% coins at 12.3xFace. Looks like I lucked out locking a few weeks ago considering where silver went since then.

 

He gave me another lock in now offer. 12.75xFace for $15.25 of 90%. Mix of dimes, quarters, and halves. With what silver did today I'm just a tad hesitant but ready to pull the trigger. What do you guys think?

 

That's ~$5 below where spot is at the moment, for the total package (or about spot, if you factor in wear on the coins).

The way I see it, it silver drops $2/oz you would only be "out" $22 on this 11 ounces - a small gamble in my book.

 

Agreed, add in the $.50-$1.00 premium I usually pay and it makes sense. I'm pulling the trigger.

 

Well, Today I pay for my lock in offer as I go to my coin club tonight. My lock in offer of 12.75xFace at the beginning of the month doesn't look as good. I'm only paying $.29 over spot so it's not a bad deal. I think I am where I want to be on the 90%.

 

From my point of view, that is still a good price. Local prices are ridiculous. I have to buy online which leaves me searching through ebay or going to online dealers at about 13.5x right now.