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40% Kennedy Halves? What to do?
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<p>[QUOTE="Cloudsweeper99, post: 66094, member: 3011"]GDJMSP,</p><p><br /></p><p>This is exactly the type of situation I'm looking for to profit from. It's a case where the full time coin "experts" and dealers might not really understand the relationship between their hobby/business and the investment world, so they might be mispricing their inventory. This isn't entirely clear to me yet because nobody has stated that dealers sell the coins below spot value, only that they buy them back below spot. I haven't yet seen any circumstance where someone like me can buy 40% halves below spot, but I'm looking. I'm not concerned that the coins aren't immediately marketable to dealers or others for full bullion value or more. This will come in time. I'm looking for the chance to buy silver below spot price. The profit margin is fairly small [for now] but when combined with the current low price of silver, this is a very low risk opportunity and the closest thing to a sure thing that is available in the coin world -- an asset selling below intrinsic value.</p><p><br /></p><p>I guess I'd better get on Ebay before Crazy Larry buys up all the bargains! $16 is a good price assuming the shipping is low. $115 is more typical and shows how the market will pay a premium over spot for 90% coins but discounts 40% coins. So the bargains are in the 40% area. Patience might be required, but sooner or later they will sell for a small premium also. All in my opinion of course. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 66094, member: 3011"]GDJMSP, This is exactly the type of situation I'm looking for to profit from. It's a case where the full time coin "experts" and dealers might not really understand the relationship between their hobby/business and the investment world, so they might be mispricing their inventory. This isn't entirely clear to me yet because nobody has stated that dealers sell the coins below spot value, only that they buy them back below spot. I haven't yet seen any circumstance where someone like me can buy 40% halves below spot, but I'm looking. I'm not concerned that the coins aren't immediately marketable to dealers or others for full bullion value or more. This will come in time. I'm looking for the chance to buy silver below spot price. The profit margin is fairly small [for now] but when combined with the current low price of silver, this is a very low risk opportunity and the closest thing to a sure thing that is available in the coin world -- an asset selling below intrinsic value. I guess I'd better get on Ebay before Crazy Larry buys up all the bargains! $16 is a good price assuming the shipping is low. $115 is more typical and shows how the market will pay a premium over spot for 90% coins but discounts 40% coins. So the bargains are in the 40% area. Patience might be required, but sooner or later they will sell for a small premium also. All in my opinion of course. :)[/QUOTE]
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40% Kennedy Halves? What to do?
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