40% Kennedy Halves - Realistic Expectation for ROI

Discussion in 'Bullion Investing' started by furryfrog02, Aug 7, 2019.

  1. furryfrog02

    furryfrog02 Well-Known Member

    With silver crossing the $17/oz mark I started thinking that maybe it is time to liquidate some of my 40%ers. I pulled out all my tubs and realized that I have $620 face value that I've pulled from circulation over the last couple of years. According to coinflation, there is 183.3879 oz of silver for a melt value of $3,122.26.

    I realize that I will probably not get full melt value though it would be nice! What do you think a reasonable expectation would be if I were to sell?

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  3. -jeffB

    -jeffB Greshams LEO Supporter

    All over the place. 40% can be very hard to sell. At one show, I basically couldn't find anyone buying -- someone offered me 2x, I think, when melt was just under 4x. That was in one of the bigger silver dips. At a show soon after, though, I found someone buying at 4x and selling at something like 4.2x, when melt was 4.3-4.4x. I sold to him quickly before he could change his mind. :rolleyes:
     
  4. Islander80-83

    Islander80-83 Well-Known Member

    I don't know about the coins but you and I have the same taste in ice cream! icon_smile_thumbsup.gif
     
  5. furryfrog02

    furryfrog02 Well-Known Member

    Great ice cream with an added bonus of having a place to put my coins. I use them for all my random world stuff as well as full rolls of wheaties. Great little storage containers.
     
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  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    40% is difficult to sell. It just depends where you sell it. A show, flea market or garage sale. Maybe at your local LCS or on-line to a dealer. Best wishes for a good price.
     
  7. Dougmeister

    Dougmeister The Coin Scavenger © ¯\_(ツ)_/¯

    I don't like my LCS but they will always buy 40%. I think the last time I sold any was early this year and got 2.5x face value or so.

    In my limited experience, you just have to ask around until you find someone who's willing to buy it, but they can be found.
     
    Randy Abercrombie likes this.
  8. furryfrog02

    furryfrog02 Well-Known Member

    My LCS is garbage. I refuse to go there. I will sniff around and see what is available. If I can find something decent, I will sell. It'd be nice to have the cash. Can pay off my wife's last student loan. But we don't NEED the money so I'm not willing to get swindled.
     
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  9. TexAg

    TexAg Well-Known Member

    That's a good looking stash, FF! I've wondered about selling my 40%ers as well and don't have a clue what I could get here in my small town. My local dealers get them all the time from collections and don't seem interested in buying mine. Let us know how you do if you find a good buyer. :cool:
     
  10. Collecting Nut

    Collecting Nut Borderline Hoarder

    Your post gave me the idea that you might make out better if you were able to work out a trade, your 40% in exchange for a coin they have that you like, something you could sell elsewhere or get some coins and some cash. Cash is always nice but a trade may net you more money in the long run. :)
     
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  11. Inspector43

    Inspector43 70 Year Collector

    What do the buyers do with the coins? Are they holding them until it is legal to actually melt them for the raw material?
     
  12. Islander80-83

    Islander80-83 Well-Known Member

    Or wait for the price of silver to go up.
     
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  13. myownprivy

    myownprivy Well-Known Member

    It's legal to melt them. That illegality applies to only pennies and nickels.
     
    Stevearino likes this.
  14. -jeffB

    -jeffB Greshams LEO Supporter

    It's legal to melt them, but not especially worthwhile, because refiners pay low for 40% silver. It's always easy enough to find further buyers who are lured by "silver below melt", and will take them as-is.
     
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  15. Bman33

    Bman33 Well-Known Member

    I get 90% melt value when I trade with my dealer. I usually apply it to some gold or Silver Eagles. He has a program where he sells it in bulk for spot to a refinery.
     
  16. NLL

    NLL Well-Known Member

    Can you please refer me to this place since I live in your neck of the woods. I am in need of a good coin shop to go to. Thanks!
     
  17. Mr. Flute

    Mr. Flute Well-Known Member

    Your cost of acquisition is face value, so 2x, 3x, 4x face would be clear profit for you regardless.

    If you don't need to sell, I'd say shop around to get at least 3.5-4x face. 350-400% profit is pretty good and if you still want a stash use the proceeds to buy nice gold (bullion or vintage).

    That way you turn a bunch of low 'quality' silver coins into premium coins and then you storage needs drop about 98%.
     
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  18. furryfrog02

    furryfrog02 Well-Known Member

    I would like to add some gold to the stash. But it would be nice to pay off my wife's student loans too :)
     
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  19. Mr. Flute

    Mr. Flute Well-Known Member

    Honestly, if I had the time and inclination to CRH and created a stash like yours, I would have been selling the 40%s every time I had, say, a roll's worth and upcycled the proceeds into 90%-999% silver coins and/or gold, thereby making the profits work for me and maximizing the overall DCA.

    A concept I'd developed for myself since I'd been tracking this 'market' closely for the last 9 years or so (and is certainly not original to me) is that I want to maximize my profits, but avoid thinking I can know the peak.

    We've considered at various times lump sum paying off student debt (both my wife and I have it), but our interest rates are so low that having the cash in hand has more utility for us than removing the debt.
     
    Last edited: Aug 8, 2019
  20. furryfrog02

    furryfrog02 Well-Known Member

    Honestly I didn't even realize I had quite so much in 40%ers. Most of it was accumulated when silver was in the 14-15 dollar range so there wasn't much profit anyways. I felt that 17/oz would be a good place to sell that would give enough profit to make it worth looking for somewhere to offload.
     
    Mr. Flute likes this.
  21. Michael K

    Michael K Well-Known Member

    They don't actually melt the 40% coins. It's too much work.
    In fact my old gold/silver guy said he doesn't send in the 90% to melt.
    He just buys and sells them and makes a profit both ways, no matter what the
    current price is. It's better for him to keep them in coin form as a value/ medium of exchange.
     
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