< $15 Silver: Is this something worth waiting on?

green18 · Jul 10, 2016

Local coin show today.....everything was 'metals'.....sickening. Nothing much for collectors........

The sky is falling crowd is ruling at the moment.

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girldly · Jul 10, 2016

green18 said: ↑

Local coin show today.....everything was 'metals'.....sickening. Nothing much for collectors........

The sky is falling crowd is ruling at the moment.
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Why do you say that? Is it the price of silver?

green18 · Jul 10, 2016

Platinum and gold bugs........

girldly · Jul 10, 2016

green18 said: ↑

Platinum and gold bugs........
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Thank you for the answer, Nan

longnine009 · Jul 10, 2016

@girldly

Dealers have limited space at coins shows. If they're loaded up with bullion then it comes at the expense of more numismatic items. The Brexit, IMO, is causing a lot of speculation.

green18 · Jul 10, 2016

Nan?

Brett_in_Sacto · Jul 11, 2016

green18 said: ↑

The sky is falling crowd is ruling at the moment.
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It's been a good year, can't wait to see what tomorrow brings!

longnine009 · Jul 11, 2016

Brett_in_Sacto said: ↑

It's been a good year, can't wait to see what tomorrow brings!
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Rumors of ATM runs in Italy and riots in Germany is what it brings. The irony of it all is the possibility of capital flight from the EU into the zombie locker of the USD and wallstreet.

Note to EU: Hey man, our zombies have more twitch than your zombies.

Comixbooks · Jul 13, 2016

The waiting game is the worst game....I won't sell for another 20 years if I'm still alive.

girldly · Aug 8, 2016

-jeffB said: ↑

You'll always pay more getting one or two at a time.

Think about the seller's expenses. There's a flat fee for PayPal transactions on top of the percentage, and if they're a large seller, there may be a per-auction fee as well. Most importantly, though, there's shipping, which costs about the same whether you're sending one or four. If you go up to a flat-rate box (a bit more than twice the price of a padded first-class envelope), it's the same price to ship a couple of rolls of coins.

You say "8.90 is the cheapest price I can find for a silver half." This makes me think that you're looking at Buy It Now listings, not completed auctions. Better prices do appear as BIN listings, but they get snapped up quickly. The ones you see when you search are the ones that haven't sold yet; most of those haven't sold because they're priced too high.

(Edit to add: Silver halves typically command an additional premium anyhow. Kennedy halves are rarely worn, meaning they still hold their full weight of silver. Franklins also tend to be less worn, and are still popular among people trying to complete sets. Walkers can be more worn, but people like the design. Barbers and earlier issues start to increase in collectible value even when heavily worn. This actually means they were a better investment when high silver melt values erased that premium. Now, it arguably means they're a poorer investment -- if silver goes up, that premium again disappears; if it goes down, you might fare better with Mercury dimes that still don't carry much of a premium, but likely would if melt value drops much further. All IMHO, of course.)

Search "Sold items", and you'll see that quite a few single silver halves have sold for $7.00 or less. Again, though, you're never going to get ahead buying or selling them that way. If you save your money, even just long enough to be able to buy three or four at a time, you'll do much, much better.

If I wanted to sell you a Franklin half for $7.00 on eBay, I'd be paying eBay 70 cents, and PayPal 50 cents; that means I'm getting $5.80, already close to melt. Now, how shall I ship it? If I try putting it in an envelope with a first-class stamp, I'm already below melt, and there's a good chance it'll be damaged or fall out of the envelope before it reaches you. If I send it in a padded envelope, that's over $2 in postage, and I'm down to something like $3.50 in my pocket. I think you can see why I don't want to sell at that price.

My best advice to you, again, is to save your money until you can afford to buy more at a time. Or go to a local coin show, where low overhead means lower spread; at recent shows around here, it's typical to see people buying at 11-12x FV and selling at 13.5 FV and up.

Or, of course, you could go hunting at banks and CoinStar machines. You'll spend more time, but you'll almost never lose money, and anything you do find is at face value (or free from the reject slot).
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Great answer....Nancy

girldly · Aug 8, 2016

Comixbooks said: ↑

The waiting game is the worst game....I won't sell for another 20 years if I'm still alive.
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Ditto!

Brett_in_Sacto · Aug 10, 2016

Yep...

girldly · Aug 15, 2016

If I had a 1943 Wheat Copper Penny, would the grading companies call it Counterfeit, since mans hand was involved in leaving the blanks in the machine?

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< $15 Silver: Is this something worth waiting on?

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