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<p>[QUOTE="TOLS196024, post: 72669, member: 3884"]Wow! You raised some excellent points Willie. Ok, I'll try my best.</p><p><br /></p><p>1) You are 100% correct that if silver suddenly skyrockets, silver coins will be sold at a percentage under melt. Back in 1979-80 this percentage was as high as 40%. The reason for this discount is simple, it can take several weeks for the coins to be melted. So, the purchaser pays under melt so that if silver tanks while the coins are being melted, he won't stand to lose as much.</p><p><br /></p><p>2) I would agree that e-Bay is the perfect setting to sell these coins. First off, you don't need to accumulate $1000 face in order to sell your silver profitably. As for $1000 bags of 40% Kennedy's, they don't come up real often due to the currently depressed price of silver. So, unfortunately, there is no accurate way to tell how these bags will perform on e-Bay in a strong silver market, as there hasn't been a strong silver market while e-Bay has existed! </p><p><br /></p><p>3) Obviously everyone who buys silver hopes that it goes through the roof. However, I don't see a problem with buying old coins hoping for a rise in the POS, but not worrying if silver continues to underperform. I enjoy collecting coins, and thats why I don't buy silver rounds or bars, but rather silver coins. Would I part with many of these coins if silver hits $30 an ounce? Absolutely! Then I would take my profits and keep on building my collection of early American coppers. I think that this makes perfect sense. If I can get some extra money to buy more coins then why the heck not?</p><p><br /></p><p>And to quote Forrest Gump "thats all I have to say about that."[/QUOTE]</p><p><br /></p>
[QUOTE="TOLS196024, post: 72669, member: 3884"]Wow! You raised some excellent points Willie. Ok, I'll try my best. 1) You are 100% correct that if silver suddenly skyrockets, silver coins will be sold at a percentage under melt. Back in 1979-80 this percentage was as high as 40%. The reason for this discount is simple, it can take several weeks for the coins to be melted. So, the purchaser pays under melt so that if silver tanks while the coins are being melted, he won't stand to lose as much. 2) I would agree that e-Bay is the perfect setting to sell these coins. First off, you don't need to accumulate $1000 face in order to sell your silver profitably. As for $1000 bags of 40% Kennedy's, they don't come up real often due to the currently depressed price of silver. So, unfortunately, there is no accurate way to tell how these bags will perform on e-Bay in a strong silver market, as there hasn't been a strong silver market while e-Bay has existed! 3) Obviously everyone who buys silver hopes that it goes through the roof. However, I don't see a problem with buying old coins hoping for a rise in the POS, but not worrying if silver continues to underperform. I enjoy collecting coins, and thats why I don't buy silver rounds or bars, but rather silver coins. Would I part with many of these coins if silver hits $30 an ounce? Absolutely! Then I would take my profits and keep on building my collection of early American coppers. I think that this makes perfect sense. If I can get some extra money to buy more coins then why the heck not? And to quote Forrest Gump "thats all I have to say about that."[/QUOTE]
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