Thinking Of Selling My Silver Quarters

I have a bunch of silver quarters -- you can feel the silvery powder or whatever they had on them -- and some half-dollars (mostly quarters).

I figure it's about $2,000 in silver coins, and I can buy either a nice gold coin OR some nice Morgan Silver Dollars.

Basically, it's bulky to handle all that loose change...probably weighs 10-15 pounds. 2 or 3 slabs much easier to house.

Thoughts ? Anybody else gone this route ?

 

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If you decided to sell, please keep me in mind. Thanks

 

Please do not sell all of these lovely pieces full of history.
Build a set or two with the uncirculated ones.
Especially in a Dansco album.
Maybe you can buy original coin paper to roll them in a year set....perhaps 1960 or another year.
Sell the circulated rest of them and buy a saint gaudens in MS65 condition.

 

I had just looked at this chart, so will post here, without comment -- silver prices in dollars per Troy ounce, 1995 to 2015:

 

You might be able to trade the silver for something you like. Just an option.

 

Upgrade to gold. Seems that people who can afford gold, buy gold. Those that can't, buy silver. Silver is just not practical in large quantities. Takes up too much valuable SDB space. Platinum may be another good option.

 

I would say only buy palladium!!!!!!!!! Or u will lose half your money in the next 5 years the charts dont lie.

 

And whatever you do, please post some pics. I'd love to see a shot of all of those Georgies together ;-)

 

One of the problems with the other white metals, especially rounds or bars, is trying to convince a buyer down the line that they are platinum or palladium and not simply silver. Probably cuts down potential buyers by a factor of 50 to 1. Plus platinum and palladium are so valuable that they are basically hopeless for commerce, no one can "make change" for them, whereas 90% silver (despite the bulk) may be the preferred medium of exchange until some new currency kicks in. Think about it.

I do not like keeping PM's in a safety deposit box, for a variety of reasons, but if you can't afford a box, you shouldn't be stacking to begin with. A 5" x 10" box, if jammed full, will hold about $1200 face, and weigh 75+ pounds. At my credit union, I pay $32 a year for a box that size. In a downtown bank in a big city, you would probably pay $70 to $80 a year, still less than a clad quarter a day.

 

That's a good point, I have NO IDEA what any of those quarters are worth. I must have a few hundred, and quite frankly, I don't have the time to go through individually and see which ones are worth more than the -- what ? -- $4-$5 each is worth based on silver content alone.

I like that !!

 

I'll do that.....I may actually try and free up some time and catalog exactly what years I have.

Quite frankly, between following the financial markets and job-searching, my free time is nil.

 

Quite frankly, between following the financial markets and job-searching, my free time is nil.[/QUOTE]

Please gimme a grand and I will visit you in the united states to search your georgies for better dates and uncs...

 

After reading all the replys. NO body told u a bag of 1000 dollar face value silver coins sells for 16K!!SO dont let anybody BS you out of them

 

I was thinking about this option, too. It's possible you might be able to get a better deal by offering a swap for the gold.

Chris

 

This morning Apmex is selling $1000 face bags for $13,048 to $13,570 plus another $60 or so for shipping. See www.apmex.com for details.


90% Silver Coins - $1,000 Face-Value Bag
Any quantity only $1.79 per oz over spot!
90% Silver coins circulated in the United States for almost 175 years. The increasing value of the metal saw the discontinued use of Silver in coinage, adding interest to collectors and investors. Read More


Quantity Check/Wire CC/PayPal
Quantity:
1 - 2 bags = $13,048.75 (check or wire transfer) = $13,570.70 (credit card)

 

Is it $2000 in face value, or $2000 in silver value? There's a big difference, and it wasn't clear to me from the original post what we're talking about. I had assumed $2000 in silver value, not face.

 

See that silver price chart up there? I stated buying silver in the little trough between the two spikes. I like having the silver, but I have dozens of ounces, not hundreds or thousands.

Rob

 

If you're thinking of "swapping" your silver for gold, it's worth noting that gold is quite expensive relative to silver these days. It could get more expensive, of course; many people think that they have insight into where that ratio is moving, but I'm not convinced.

I personally think silver has more upside potential than downside risk over the next few years, but I'm not confident enough to dump a lot more money into it.

 

Here is another useful chart, showing the gold-silver price ratio since around 1980:



You can see we've had a strong uptrend since about 2010, but that in itself is not predictive of a bullish or bearish future. A "40" ratio means that with silver at, say, $16, gold would be in the $640 range, certainly not the case today.

 

Sell, and buy as many PROOF Gold & Silver LIBERTADS you can get your hands on..the word is OUT..these coins have the lowest mintage of any world bullion issue, and, price increases off the charts. I just bought one of the last of 250 MADE 2014 PF 1 Oz Gold..and, one of the last 2014 "Magnificent 7" Boxed sets, with ALL size proof coins..
http://www.king5.com/story/life/sho...silver-libertads-is-still-a-mystery/14040846/