Is silver a foolish buy right now?

Again, I only purchase the ones in OGP and never above Greysheet prices. I have had no problems re-selling them at a profit.
Semper Fi
Happy Thanksgiving & enjoy family friends and FOOTBALL!

 

Log in or Sign up to hide this ad.

They are too selling for over thirty !! just can't justify it though. I mean people will even pay more if their shiny , Morgans even more depending on condition of course with everything. so, if silver don't fall into the teens, then Siver at this price will be risky if you're a stacker I would think.. unless your a (non-purists' collectors...) as GoldFinger1969 would say

 

Specifically the one I bought is a 1991-D USO unc (w/o OGP). ~125K mintage. Not bad.

 

I often look for commemorative silver dollars on e-bay, and seldom see any below around $25

 

I probably asked myself the same question about 12 years ago when silver was under $10 an ounce.

 

I stepped into my local G&S store today and asked if there was anything new.
Nope stuff is harder to get and the premium is high.
He said even 90% constitutional his cost was $11.25 over spot.
He did have two 5oz old pour Engelhard bars in a case (He bought a few 10's and 5's special order for a customer and added two for his inventory...more for display (I didn't ask the price)

 

guess at the Engelhard 275.00

 

I'd venture to guess in the 300+ range.
I didn't think to get a picture to research what series.
The owner when telling me about them sounded like the people that previous asked didn't want pay his price.

 

Bought 3 more today for $20 each.

1983 P Olympics
1991 D USO
1989 S Congress

Still a nice price in my opinion.

 

Ones I see on e-bay are offered at $30 or more

 

I know. That’s why these are a great buy.

 

They sure were

 

NGC is the biggest liar when it comes to this…I have seen this many many times on Ebay…The US Mint said it was not released as a high relief in 2021

 

I wonder if you had one could you send it back for relabeling?

 

Right now silver is up a little and I do not buy at any coin store. I just (yesterday Morning) purchased a complete collection from a person who needed $$ and I bought everything he had. 2 10oz Johnson Mathey .999 silver bars, a mixture of 78 Morgans and Peace dollars, 1tube of 1951 Unc Wash qtrs, 1 tube of 50 1/10 oz mini Walking Liberty coins(never saw these before)1 1960 proof set in plastic holder 26 rolls of uncirculated nickels, 88 war nickels, 3 silver Ikes (proofs) and 9 rolls of Lincoln wheat pennies. Have not yet gone through everything but I am like a kid at Christmas and will spend a little more time today evaluating my luck!
Semper Fi and Merry Christmas to all of you. God Bless and stay healthy in the new year.
Phil

 

Stopped buying at $22. But if someone really needed $$ I’m always cash flush

 

I hope you'll let us in on your booty haul. Pics wouldn't be a bad thing either
Good luck.

 

I tried pics but could not get them posted. Need to get a 10 year old to help me.
Merry Christmas
Phil

 

Did you say 78 Morgans. Peace mix NICE

 

Yes can’t wait to get to them - but Xmas is interfering