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Trade 40% for 90% or .999 ???
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<p>[QUOTE="tommybee, post: 1118275, member: 24999"]I have about 8 rolls of 40% Kennedy halves that I obtained at face value roll searching. I am undecided as to whether I should keep them, or sell them and buy some 90% junk or .999 rounds, etc. </p><p><br /></p><p>Storage space is not an issue for me, so the only way I think making a switch makes sense is if I sell the 40% when silver is high, wait for a correction and then try to buy more 90% or .999. If there is no correction, then I can see no advantage from a bullion standpoint.</p><p><br /></p><p>I have about 24 oz of silver in the 8 rolls of 40%. I can probably get 3.50 a piece for them, or $560. If you figure I could buy at, say $36 oz today for junk or generic, that's 15.5 oz i could buy with the money I sold the 40% for. So I'd lose 8.5 oz of silver at today's prices. </p><p><br /></p><p>I know 40% are less desireable and you can buy and sell them at a discount, but is it worth it to sell them for higher purity stuff if you can't buy that higher purity stuff at a significantly lower spot price? I don't know about you guys, but I expect $50 oz silver....soon.</p><p><br /></p><p>Any thoughts appreciated. Thanks.[/QUOTE]</p><p><br /></p>
[QUOTE="tommybee, post: 1118275, member: 24999"]I have about 8 rolls of 40% Kennedy halves that I obtained at face value roll searching. I am undecided as to whether I should keep them, or sell them and buy some 90% junk or .999 rounds, etc. Storage space is not an issue for me, so the only way I think making a switch makes sense is if I sell the 40% when silver is high, wait for a correction and then try to buy more 90% or .999. If there is no correction, then I can see no advantage from a bullion standpoint. I have about 24 oz of silver in the 8 rolls of 40%. I can probably get 3.50 a piece for them, or $560. If you figure I could buy at, say $36 oz today for junk or generic, that's 15.5 oz i could buy with the money I sold the 40% for. So I'd lose 8.5 oz of silver at today's prices. I know 40% are less desireable and you can buy and sell them at a discount, but is it worth it to sell them for higher purity stuff if you can't buy that higher purity stuff at a significantly lower spot price? I don't know about you guys, but I expect $50 oz silver....soon. Any thoughts appreciated. Thanks.[/QUOTE]
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