Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Just starting my stack
>
Reply to Thread
Message:
<p>[QUOTE="oz_in_ohio, post: 3209179, member: 89534"]Hey chucklenut..... I saw you stated <b>QUOTE</b><span style="color: #ff0000"><b> I dont plan on ever selling my horde unless silver hits above 30 per ounce then i May consider it</b></span> <b>UNQUOTE</b>.... I have seen a rapid decline of collectors over the last 2 decades or so. Seeing it from a shopfront, i have noticed the decline of younger generations interested in our hobby. This applies to both philatelics and numismatics. Mobile phones, texting and computer games have taken it over. Even pinball machines are dead now...You can accept or believe it but as i was in the numismatic and philatelic trade for close to 35 years in australia and now retired from it, i saw the lack of interest in our hobby by todays youth from the late 1990's. Many times collections were handed down from parents and grandparents to the children and grandchildren and they had not had it a day and were in my shop trying to sell it. Computer games and the like have destroyed what we were once interested in. Personally i melted down all my silver i had before migrating to the USA in 2011 as no matter how small the profit it is still an earn. I actually sold the coins themselves and let the next person having the cost of making into bullion if he or she wanted to. If i could buy 10 x USA $1 silver eagles for $10 each and sell them for $12 each, that is a 20% earn and 10% under spot that i would be offering to my customer so they can earn as well. That 20% earn is way better than what banks offer nowadays. It also leaves room for the next person to make a bit of profit.... Here is todays spot price. <a href="https://www.ngccoin.com/price-guide/coin-melt-values.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ngccoin.com/price-guide/coin-melt-values.aspx" rel="nofollow">https://www.ngccoin.com/price-guide/coin-melt-values.aspx</a> $14.26 per OZ .. I have melted so many 1000's of kilos of silver in my past that the lower end coins are just about impossible to find nowadays.</p><p><br /></p><p>Please note that 1 kilo = 2.2 pounds...You do the maths.</p><p><br /></p><p>I am sure i am not the only one doing it as i have seen many bulk lots of silver that are only good for melting in ebay and they have been won by so called speculators....They dont understand that it also costs money to make it into bullion and therefore comes off the top of what can be earnt. Personally i believe in flicking over any items as quick as possible and as long as i can make a profit...Tell me something, would you prefer to wait for the $30 per ounce or sell 1,000 items each day and make 50c profit on them like i used to do?? By turning them over and making that 50c profit per item, you earn $3000.00 clear each week which is $156,000 per year with no effort, no study but only capital. Who needs a high school diploma...ay?? That $156K is a definate where as your $30 per ounce is a maybe. You have to wait until the market reaches that price. I guess that is why i retired before i turned 55 and am living a lifestyle of luxury with no debts over my head....All this was due to buying items and flicking them off within 1-2 days with only the cost of a phone call. After i opened the shop, i had to keep items for 7 days as it was by law in australia...I started all this at school when i was 10 years old with marbles ( alleys ) and comics. Then when i was 17 , i excelled into stamps and at 30 i went into banknotes and coins...Bullion was a sideline so to speak.... My best investment was in the mid 1990's when frito lay potato chip company introduced Tazos inside packs of crisps etc...</p><p><a href="https://www.google.com/search?" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.google.com/search?" rel="nofollow">https://www.google.com/search?</a> q=tazos&oq=tazos&aqs=chrome..69i57j0l5.2209j0j4&sourceid=chrome&ie=UTF-8</p><p><br /></p><p>They were really worthless and had no monetry value but i got in on the ground floor... I placed an advert in my local newspaper and bought , sold & swapped with school kids. No money exchanged hands...Naturally i would want their parents present so they could see i was upfront. I also went to flea markets to trade with numbers i needed for stock. Many times at the flea markets, it was kids selling them.... I normally swapped 2 of mine for the ones i needed. There was one time i approached a school principal to buy and sell tazos and 20% of profits made went to the schools funds. I looked at it as rent being paid. The tazos in the long run paid for a 2 car garage, repaved a driveway and refenced my property. There was one that reached a retail price of $15.00 each as due to the machine breaking down when that one was being manufactured..needless to say the mintage of that one was less than 100,000 1000's and not millions. Then i decided to liquidate them all and go onto another venture. So if anyone says they cannot make anything without a high school diploma, they are crazy and totally wrong.[/QUOTE]</p><p><br /></p>
[QUOTE="oz_in_ohio, post: 3209179, member: 89534"]Hey chucklenut..... I saw you stated [B]QUOTE[/B][COLOR=#ff0000][B] I dont plan on ever selling my horde unless silver hits above 30 per ounce then i May consider it[/B][/COLOR] [B]UNQUOTE[/B].... I have seen a rapid decline of collectors over the last 2 decades or so. Seeing it from a shopfront, i have noticed the decline of younger generations interested in our hobby. This applies to both philatelics and numismatics. Mobile phones, texting and computer games have taken it over. Even pinball machines are dead now...You can accept or believe it but as i was in the numismatic and philatelic trade for close to 35 years in australia and now retired from it, i saw the lack of interest in our hobby by todays youth from the late 1990's. Many times collections were handed down from parents and grandparents to the children and grandchildren and they had not had it a day and were in my shop trying to sell it. Computer games and the like have destroyed what we were once interested in. Personally i melted down all my silver i had before migrating to the USA in 2011 as no matter how small the profit it is still an earn. I actually sold the coins themselves and let the next person having the cost of making into bullion if he or she wanted to. If i could buy 10 x USA $1 silver eagles for $10 each and sell them for $12 each, that is a 20% earn and 10% under spot that i would be offering to my customer so they can earn as well. That 20% earn is way better than what banks offer nowadays. It also leaves room for the next person to make a bit of profit.... Here is todays spot price. [url]https://www.ngccoin.com/price-guide/coin-melt-values.aspx[/url] $14.26 per OZ .. I have melted so many 1000's of kilos of silver in my past that the lower end coins are just about impossible to find nowadays. Please note that 1 kilo = 2.2 pounds...You do the maths. I am sure i am not the only one doing it as i have seen many bulk lots of silver that are only good for melting in ebay and they have been won by so called speculators....They dont understand that it also costs money to make it into bullion and therefore comes off the top of what can be earnt. Personally i believe in flicking over any items as quick as possible and as long as i can make a profit...Tell me something, would you prefer to wait for the $30 per ounce or sell 1,000 items each day and make 50c profit on them like i used to do?? By turning them over and making that 50c profit per item, you earn $3000.00 clear each week which is $156,000 per year with no effort, no study but only capital. Who needs a high school diploma...ay?? That $156K is a definate where as your $30 per ounce is a maybe. You have to wait until the market reaches that price. I guess that is why i retired before i turned 55 and am living a lifestyle of luxury with no debts over my head....All this was due to buying items and flicking them off within 1-2 days with only the cost of a phone call. After i opened the shop, i had to keep items for 7 days as it was by law in australia...I started all this at school when i was 10 years old with marbles ( alleys ) and comics. Then when i was 17 , i excelled into stamps and at 30 i went into banknotes and coins...Bullion was a sideline so to speak.... My best investment was in the mid 1990's when frito lay potato chip company introduced Tazos inside packs of crisps etc... [url]https://www.google.com/search?[/url] q=tazos&oq=tazos&aqs=chrome..69i57j0l5.2209j0j4&sourceid=chrome&ie=UTF-8 They were really worthless and had no monetry value but i got in on the ground floor... I placed an advert in my local newspaper and bought , sold & swapped with school kids. No money exchanged hands...Naturally i would want their parents present so they could see i was upfront. I also went to flea markets to trade with numbers i needed for stock. Many times at the flea markets, it was kids selling them.... I normally swapped 2 of mine for the ones i needed. There was one time i approached a school principal to buy and sell tazos and 20% of profits made went to the schools funds. I looked at it as rent being paid. The tazos in the long run paid for a 2 car garage, repaved a driveway and refenced my property. There was one that reached a retail price of $15.00 each as due to the machine breaking down when that one was being manufactured..needless to say the mintage of that one was less than 100,000 1000's and not millions. Then i decided to liquidate them all and go onto another venture. So if anyone says they cannot make anything without a high school diploma, they are crazy and totally wrong.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Just starting my stack
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...