Discussion in 'Bullion Investing' started by goldcollector, Apr 17, 2017.

  1. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    That is just plain FALSE. There are virtually NO 69's or 70's coming from bank rolls. In fact, there may be LITERALLY none.
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  3. goldcollector

    goldcollector Member

    well if you really believe that then by all means go out and buy all the PCGS MS 69 and 70 - 2018 nickels and dimes you can find. Real "quality" coins there. Since there are "LITERALLY NONE" these should appreciate wildly. You can trust me just like you all trusted all the silver gurus promising you $500 an ounce silver years ago.
  4. EdThelorax

    EdThelorax Well-Known Member

    I was a little surprised that there are zero PCGS MS69 and MS70 Jefferson Nickles since the return to Monticello in 2006. If you do manage to find one, it would be valued at a much higher price than the 41 PCGS MS68's which average about 1000$ It would then be the finest known for the type and would probably go for more than 5,000$.
    As far as Roosevelt dimes go, there are 26 PCGS MS 69's at an average price of 1750$ and no MS70's
    Don't trust me, check the facts for yourself.
  5. EdThelorax

    EdThelorax Well-Known Member

  6. goldcollector

    goldcollector Member

    GSR currently 83.55

    Thread started at 68.93

    Still waiting
  7. goldcollector

    goldcollector Member

    The GSR is at near 84 and real world observations haven't changed at all. Every LCS I go to has so much silver they can't sell its just amazing, if they do have an ounce of gold it will sell by the end of the day almost always. Fractional gold they ask ridiculous premiums and it still sells. Meanwhile tubs of Morgans, peace, ASE, Silver maples, generic silver and the million other silver garbage they have are all priced spot plus a buck or 2 and it just sits and collects dust. Or maybe they have tons more and they just keep refilling the tubs.

    My Facebook groups - silver everywhere noone buys. Someone posts an ounce of gold you better BIN real fast cause it will be gone.

    The GSR up to 84 I would normally call for a small correction - I mean silver can't just get its butt stomped into the ground FOREVER ( well it looks like it is, it was "a short 6 years ago the GSR was in the 30's" from the first reply ). Wow I think I could give Mike Tyson in his heyday a better bout than silver is giving gold.

    Well I say I would normally expect a bit of a correction but not with what I'm seeing. There is just way way ( 100 ways ) too much silver and its held mainly by weak hands looking to dump if they can get a 10 cent gain.
    Nope we will likely see 90 in 2019 and if not it will certainly hold close to where it is. Thread started at 68.93. Good luck ever seeing that again.
  8. EdThelorax

    EdThelorax Well-Known Member

  9. littlehugger

    littlehugger Active Member

    Um, my point is that quantity is often preferable to "quality"
    As you stated, its easy to find very high grades in some types of common coins.
    In that case, you can get a lot of coin for your money. Face value from new, unopened rolls. In which case, you cant lose money.
    Also, since they can be presumed very high grade right out of the roll, you dont have to waste money on a TPG
    One investment many miss, because its boring and takes a long time to payoff, is to simply cherry pick high grade coins at face value out of rolls and pocket change, and throw them back and wait.
    I am old enough to remember silver, and copper coins. If I had had some money to invest in face value coins then, I would be rich now.
    Copper is the new silver, but only for the very patient.
    One day, we will stop making cents, and maybe nickels too. When that happens, everybody and his dog will try to sell their copper for a profit. Of course, prices will then go down. And will only rise slowly with time.
    The real profit will be in selling them for numismatic value. Especially nickels, as they have inherent value that zinc cents dont.
    Look at Morgan dollars vs ASE's.
    ASE's are heavier, with a 999 silver content. You get more silver for your buck, but most Morgans cost more. Especially in the high grades, which almost all ASE's come in.
    Most of us started out by scanning bank rolls to fill in most of the blanks in our sets, then bought the rest as we could. I managed to fill my Jeff nickel set like this, even a 50D. I only had to buy the silver ones.
    Once they stop making them, people will have to buy all of them.
    Of course, what will happen is that coin collecting will see a huge drop in membership. I can see it now. Those magazine ads , "Get the new aluminum Hhiillaarree dollars! Collect the whole set!"
    Right now there are people making a living selling common date wheaties, memorial lincolns and common date Jeff nickels.
    I filled in almost all my Lincoln albums from bank rolls and a bag of 5000 wheaties I got for $75.
    Even if coin collecting shrinks as a hobby, the ones that remain will still have to fill their sets by buying them.
    I should start snagging lots of bank rolls so my kids can make a living. Or my grand kids.
  10. goldcollector

    goldcollector Member

    Current GSR 84

    Still waiting
  11. HawkeEye

    HawkeEye 1881-O VAMmer Supporter

    Interestingly I read a report on silver this past week on what is holding prices down and it seemed like a three pronged problem. 1. Too much supply, 2. Reduced industrial use as alternative metals have been found, and 3. consumers are turning to other shiny and cheaper metals that don't tarnish and still have bling.

    After reading this I am stumped as to what would bring the price back short of going back on a silver standard, which I think is unlikely.
  12. Cheech9712

    Cheech9712 Every thing is a guess

    Would make better sounding coinage
  13. Vess1

    Vess1 CT SP VIP

    Man dude, get over yourself! lol There's obviously WAY more silver available than gold. There always has been!! That's mostly why gold sells for 1288.10 an ounce and silver sells for 15.20 an ounce today! You're over-exaggerating how quickly gold sells too. There's plenty available.
    I just bought some silver. And no, nobody sells it at melt on ebay today and it seems to be selling just fine. Most is way over melt. Go look at JM bullion 10 oz bar sales. They're in the hundreds. Considering I remember a time not long ago when it was in the 20s and 30s, these prices seem like a steal this late in the game. I don't give a damn what the GSR is. There's independent factors. It's a lot easier for silver to double in price than gold if you just want to look at percent gains. I've sold $15/ounce silver at $41 before. Maybe you were in grade school then? lol
  14. myownprivy

    myownprivy Well-Known Member

    Never mind.
    This thread is complete nonsense.
    Last edited: Mar 5, 2019
    Vess1 likes this.
  15. Numiser

    Numiser Well-Known Member

    There's always cat stocks.
    GenX Enthusiast and Kentucky like this.
  16. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    So whats the DCR now ( Dog Cat Ratio) ?

    GenX Enthusiast and Numiser like this.
  17. goldcollector

    goldcollector Member

    Complete nonsense because exactly what I said would happen has happened. What turned out to be nonsense was all your GSR will fall hot air.
  18. goldcollector

    goldcollector Member

    Silver has shot up near $15.80

    About a $1 increase over the last few days. I would say its time to cash in for many.

    There will be Bologna sandwich and generic cola parties at trailer parks all across the country this weekend.

    Meanwhile GSR 84.2

    Still Waiting
  19. goldcollector

    goldcollector Member

    Well I hope Jed, Cletus, and Bubba took my advice and sold back at $15.80 so they could afford a trailer park picnic. Seems silver has tanked back down to $15.05. ( ur welcome for the tip Jed, Cletus, and Bubba). Funny how silver is so overhyped to sell to the paycheck to paycheck crowd but it can't even hold an 80 cent gain. SMDH. GSR Now at 86. Still Waiting.
  20. Santinidollar

    Santinidollar Supporter! Supporter

    Did you ever deliver those silver eagles to the buyer?
    Garlicus likes this.
  21. -jeffB

    -jeffB Greshams LEO Supporter

    See, that's why investing in silver is a fool's game. Why keep it on hand, when you can just pretend to have it, sell it, and then not deliver?
    Garlicus likes this.
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