I called one of my local coin guys and asked for the price he was buying 40% & 90% Kennedy halves at. I was surprised that he was paying $5.75 for 90% coins and $1.75 for 40% coins. That is like 11.5 times face for 90% Kennedys. I'm ready to sell. I have a couple a hundred of each and stand to make about $1,400.00 minus face of course. Not bad for mining the bank vaults in my little town. BTW One of my dealers was only paying $4.00 for 90% and $1.00 for 40% Kennedys. Shop around before selling.
According to coinflation with silver at $17.82 an ounce. Melt value for a 90% half is $6.45 and a 40% half is $2.64. So, he will make a nice profit on the resale.
i will buy from that dealer 90% at $4.01 and 40% at 1.01. one piece each only. because those price scarce me a lot.
For fun, you should try to count the hundreds of the hours spent searching rolls (including driving time (round trip); gas, car depreciation) divided by your profit to see what you made per hour.
You're really trying to kill my fun Andrew! No, I look at it more as a savings account that grows and shrinks with the price of silver. I use the money by putting it back in my bank account and taking out 4 boxes of Kennedys per week. As long as the wife doesn't find out about how much I actually have in the account, I can keep spending it on coins as I like. :whistle:
I would never put a "dollar per hour" value on the activities I consider fun because to do so would certainly dampen my enthusiasm. I choose, instead, to look at the opportunity presented to me for just the cost of a little time.
Time to sell???? tough question, as everybody knows silver could go either way. I would say that if you got the halves at face, you shoulnd't have any regrets either way. Personally, I can't see silver spiking like it did in the eighties, but you just never know. You have to remember it had a little help back then too. I just sold some for my father in law over the weekend and got 11.2 times face for the 90% silver coins. He was very pleased.
I think whether or not it is time to sell depends on what you plan to do with the money. If it's going back into coins, an investment, or vacation, then it's probably a good idea. If it is beer money or a gambling stake, then it might be better to keep the coins. Personally, I think silver will go much higher, but everyone has to decide how they feel about that for themselves.
Well aren't you a moral barometer Cloudy!!! Just kiddin’. I was going to put it all on black and let it ride and then use the proceeds, if any, to buy beer. :desk: I’m just sick about the ASE situation this year. I was kind of hoping that if I turned in all my old silver they’d change their minds at the mint and make the 2009 ASE’s. Fat chance eh? I have three collections of ASE’s that I hoped to continue but 2008 may turn out to be the finale for the series. Wonder what that will do for the 2008 ASE’s?
I would but that really crosses the line between my drinking and gambling addictions and my retirement plans. :mouth:
I collected 274 - 40% Kennedy's and 164 - 90% Kennedy's over the past year. That is about $219 dollars in face value. If the price I was quoted holds until Saturday $5.75 for 90% and $1.75 for 40% coins, I will sell them for $1,422.50, a profit of over $1,200 for sitting down and going through coins with my kids. Not bad eh? :thumb:
