Silver getting crushed today

Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.

  1. Clawcoins

    Clawcoins Well-Known Member

    It will go up ... just wait ...
     
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  3. abuckmaster147

    abuckmaster147 Well-Known Member

    Clawcoins and SilverTracker like this.
  4. sakata

    sakata Devil's Advocate Supporter

    Never plan on selling in any given time frame. The price is too volatile. Plan on selling when the time is right.
     
    Bman33 and abuckmaster147 like this.
  5. Bman33

    Bman33 Well-Known Member

    Good Advice. I was going to sell at a show coming up where the table would be $90. Guess I will bypass that and be a consumer there instead.
     
  6. sakata

    sakata Devil's Advocate Supporter

    I think that unless I were a fulltime dealer with access to a regular turnover I would not want to try to set up a dealer table until I had a significant equity in what I had to offer.
     
  7. Clawcoins

    Clawcoins Well-Known Member

    Your wish is my command ...
    [​IMG]
     
  8. SLACKACTION

    SLACKACTION UNION REPRESENTATIVE

    ole wise one........ make it an.. even 20 please....got two wishes left...
     
    Johndoe2000$ likes this.
  9. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Yes, I know this will fall on deaf ears , but I would suggest if it hits $20 , sell all you intend for 6 months and buy 'paper silver, ~either a straddle , or individual put/call at about that point (20) as it could go either way , IMO, of course since I have no wishes left :)
     
    abuckmaster147 likes this.
  10. abuckmaster147

    abuckmaster147 Well-Known Member

    I need some explaining to me? Why buy ASE's when from what provident says you will loose $1.70 for buying just say 6 2017 coins free ship, per coin.
    But if you were to buy say 6 liberty bell stackables you will loose $1.69 per coin?
    So what is the big Gotta have ASE's deal? I admit I have collected one per year but all my other silver purchases have been generic, Well besides my one a year RCM and Panda.
    JON
     
  11. sakata

    sakata Devil's Advocate Supporter

    You never lose anything until you sell it. So what does it mean to say "you will lose $1.70"? How do you know what it will sell for?
     
    Seattlite86 likes this.
  12. Seattlite86

    Seattlite86 Well-Known Member

    I appreciate your point, but you missed the point of his question, which is essentially: why do ASEs sell for above spot and why are they so popular?
     
    abuckmaster147 likes this.
  13. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    Anybody who thinks an ounce is an ounce is an ounce has never tried to sell any. Government issues just bring more most places. The last time I sold a significant chunk, they were all Canadian Maple Leaves still in the pouches, and I got a significant premium over generic. I assume that's still the case. Got just a tick over $40 each for them, early autumn, 2011.
     
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  14. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    1. Because people will buy them at that margin level. 2. They are considered safer as far as getting what you pay for. Some may feel they are patriotic and that would also play a part. Since most individuals can not purchase large quantities at spot, the difference for processing, ordering, delivery, storage, advertising , salaries, etc. all add a bite.
     
  15. Bman33

    Bman33 Well-Known Member

    The ASE is a beautiful coin which is why I traded all my generic for gold and started stacking ASE's more. I am also going for a set of them. I took care of the 1996 and 1986 right at the get go. The rest of the 1990's ASE will still fetch a premium though. I like government issue more than a junky looking round that sells for $.69-$.99 over melt. You get what you pay for. I know there are some nice looking rounds but those usually cost way more than an ASE per ounce.
     
    Seattlite86 likes this.
  16. sakata

    sakata Devil's Advocate Supporter

    Bman33 likes this.
  17. Bman33

    Bman33 Well-Known Member

  18. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    I use a Dansco with my regular ASE's and all the numismatic ones are in OGP. Every one in my Dansco was bought by me IN THE YEAR they were new. No make-ups. It's cool to see the edge toning progression.
     
  19. Bman33

    Bman33 Well-Known Member

    Wish I was collecting them long enough to be able to get the year they were new. I had to pay $30 for my '86 in MS69 and $50 for my '96 in MS65.
     
  20. abuckmaster147

    abuckmaster147 Well-Known Member

    So as they grow older they are worth more? I will probably not sell the under $1,000 at a time, So just wondering if what they say is their worth for 17 looks the same then? I like collecting them too. But I have always liked generic struck from a reputable mint bar, or round Ten ounces down. And I usually do not buy any specialty unless its for a gift. So will if I decide to sell someday be out a lot more $ that way?
    JON
     
  21. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    No, the 86 and the 96 just happen to be the ones with the highest premium.
     
    SLACKACTION likes this.
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