Trade 40% Halves for ASE's?

I did get all the 40%ers CRH. I sold a lot but still have 120 left. If I can get One ASE per 9 coins I would be very happy. As far as why he gives 91% melt value I think he has good ties to a silver refinery and does bulk 40% transactions with the guy.

 

Log in or Sign up to hide this ad.

My silver/gold guy says he doesn't send any silver coins to the smelter because the smelter says they are a pain in the butt to extract the silver from those.
At 120 40's you should get right around 14 ASE's. (13.8?) Figuring $2.30 per 40 (melt times 91%) and paying 20.00 per ASE.

 

That's the number I was hoping for when I did the Math. I think it's a no brainer now.

 

You got the halves CRH, so you would be paying $40 for a 10 ounce bar ($4/oz). Don't over think it, jump on it.

 

Yeah, I'm jumping on it. It's actually 7 40% halves to get just over an ounce of silver.

 

So I too have acquired about 120 40% Halves. And they are almost all in super great shape hardly any of them show any wear at all. Are you guys saying I should not hold them as part of my physical silver?

 

I think they're just saying that:

a) 40%'ers take up more space, and
b) tend to not demand as much of a premium when selling them (as opposed to 90%'ers, ASE's, bars, etc.)

 

Well, if the dealer is willing to take 40% at 91% spot, it sounds like he has a buyer and therefore will cash those in. Trading allows him to get rid of inventory and pull in cash. It basically turns into a sell for his wares. I would much rather trade out a coin than hand out cast.

 

I don't see a problem with having 40% halves, I just think I'd rather have 90% halves than 40% halves, or ASEs vs 40% halves because of the higher silver content and premiums associated with it. I will buy 40% halves whenever I can get them at 90% melt or lower.

 

I'll simply ditto those in favor of trading the 40% for ASEs.

It's a no brainer, especially when the 40%s were acquired by CRH.

It's all vast upside by a wide margin. Get as many ASEs as possible on this deal.

I'll likely try something similar when I get enough war nickels accumulated through CRH.

 

120 halves at face value is $60. And you are getting 14 ASE's worth $240 at melt. OK the halves are worth $303 at melt. But it's not easy to sell those at melt and 91% is very fair.

 

Alright, I'm going for it. My Girlfriend has about the same amount and if we do more volume on the 40% we might get an even better percentage.

 

I just got some advice from someone off of another bullion site and he said this:

"Hold and sell for cash when ready. By switching out you are just paying an unnecessary transaction fee.

91% is not a bad price for selling to a dealer, but for example Provident Metals is currently paying 93.5% so its not amazing offer that you can't pass up."

Anyone have any thoughts on this?

 

When someone sells to Provident who pays shipping/insurance?

 

The shipper. So that would be me. I have no idea how much shipping costs. They have a $1,000 minimum so I would have to accumulated way more or throw in some more of my stash to get rid of them that way.

 

Because of the weight shipping could cost more than it's worth to deal with Provident. Add insurance and your sunk.

 

You're right. 91% is good.

 

Better to have a relationship with the LCS.
You both benefit.

 

I concur. This one is the best I have found in my region too.

 

Decided that I am going to trade 80 40% halves for a ten ounce bar. That ratio comes out to 91%. I'll have 40 coins left, may get a few Silver Eagles with those.