Silver getting crushed today

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

  1. Bman33

    Bman33 Well-Known Member

    I got 91% Melt for my 40% silver. Ended up getting 15 2017 ASE's for 120 40% halves. I had to throw in $24 bucks too. The math might be a little fuzzy there but it was pretty close to 91%. I am sure someone here will correct me.
     
    slackaction1 likes this.
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  3. abuckmaster147

    abuckmaster147 Well-Known Member

    http://www.coinflation.com/coins/silver_coin_calculator.htmlQuantity: lvetica" size="2" color="#000000">120
    Coin Type: 1965-1970 Kennedy Half Dollar
    Silver Price: $18.29 / troy ounce

    Answer:

    Total silver value is $324.60.


    Statistics:

    » There are 17.7472 troy ounces of silver in 120 silver 1965-1970 Kennedy half dollar(s).

    » Each 1965-1970 Kennedy half dollar contains 0.1479 troy ounces of silver and is valued at $2.70 when silver is at $18.29 / ounce.

    » A roll of 1965-1970 Kennedy half dollars has 20 coins and is valued at $54.10 when silver is at $18.29 / ounce.
     
  4. -jeffB

    -jeffB Greshams LEO Supporter

    Coinflation does not apply the discount that you should expect when dealing with 40% silver (or 35% war nickels).

    17.7472 troy ounces of silver in the form of 40% silver coins is worth less than 17.7472 troy ounces of silver in the form of 90% silver coins. You'll pay less to buy it, and get less when you sell it.
     
  5. abuckmaster147

    abuckmaster147 Well-Known Member

    I know silver was lower at that point but it looks to me like it was 19 oz .40% trade for 15 oz ASE, I am not gonna try to do the math though. :) Either way becuase it was from roll searching Bman got a pretty good deal in my books.
     
  6. -jeffB

    -jeffB Greshams LEO Supporter

    Yup. Given the choice of buying 90% at (say) 80% of melt, or 40% at face value, I'll take the 40% every time. (Actually, I'll take all I can carry of both.)
     
  7. slackaction1

    slackaction1 Supporter! Supporter

    OKAY THANKS B-MAN........ this fella wants 11 40% coins for 1 90%
     
  8. abuckmaster147

    abuckmaster147 Well-Known Member

    That is highway robbery right there!!
     
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  9. Clawcoins

    Clawcoins Damaging Coins Daily

    Roller Coaster Ride ... one trip for $18.375
    or more ... or less. :)
    [​IMG]
     
  10. Clawcoins

    Clawcoins Damaging Coins Daily

    I think it's going the wrong way (now back up) ... Nice spike down last night eh?
    ..
    [​IMG]
     
    Last edited: Mar 1, 2017
  11. Bman33

    Bman33 Well-Known Member

    3 90% HALVES yields one ounce of silver. 7 40% halves yields one ounce of silver. That fella is crazy.
     
  12. Clawcoins

    Clawcoins Damaging Coins Daily

  13. Bman33

    Bman33 Well-Known Member

    This is true. That is why I was happy when I got 91% of melt for my 40% halves.
     
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  14. myownprivy

    myownprivy Well-Known Member

    haha. I was away for a couple weeks and you're STILL talking about selling your 40% halves?!?!?!?!?!
     
  15. longnine009

    longnine009 Darwin has to eat too. Supporter

    Did you get lost in the privy?
     
  16. abuckmaster147

    abuckmaster147 Well-Known Member

  17. Bman33

    Bman33 Well-Known Member

    Holy Cow! hold on!
     
  18. Bman33

    Bman33 Well-Known Member

  19. bdunnse

    bdunnse Who dat?

    SELL!!!!!!!!!!!!!!!!!!
     
  20. Bman33

    Bman33 Well-Known Member

    Wait til it goes down even further then BUY!!!!!!!
     
    abuckmaster147 likes this.
  21. bdunnse

    bdunnse Who dat?

    stop making sense...this is bullion investing, man!
     

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