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<p>[QUOTE="gopher29, post: 1108228, member: 5379"]On Friday I noticed that Silver was up to $32.70/Oz on the COMEX and decided I could wait no longer. At the current prices, the Silver to Gold ratio is roughly 42.5:1. The ratio of silver to numismatically valuable items (ie cents, which is something i collect) is even more out of traditional line. Thus, I went through my collection boxes and pulled out 33 Oz of my least favorite items and tossed them up on Ebay. In short, one unattractive 5 Oz bar, one fugly 10 Oz bar, three SAEs, and 19 Morgan Silver $ culls fetched nearly $1100 immediately via "buy it now" before the outragious Ebay selling fees. I could have got more if I was willing to be more patient and or if I sold these items through a source more reasonable the Ebay. But, I'm pleased. The bottom line is, even after all the selling and shipping costs I incurred I still received nearly 3 times what I paid for these items and these were all items I didn't particularly care for and sort of regretted purchasing at the time (only a few years ago). Now I'm going to use the proceeds to purchase some numismatic items (presently under-valued IMO relative to silver) to enhance my collection of cents.</p><p><br /></p><p>For example, I asked myself, which would I rather have: this 1909-S lincoln cent</p><p><a href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rt=nc&nma=true&item=270706804391&si=YWXrZBRVSofJvdRIKBFmNkhWRaY%253D&viewitem=&sspagename=STRK%3AMEWNX%3AIT" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rt=nc&nma=true&item=270706804391&si=YWXrZBRVSofJvdRIKBFmNkhWRaY%253D&viewitem=&sspagename=STRK%3AMEWNX%3AIT" rel="nofollow">http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rt=nc&nma=true&item=270706804391&si=YWXrZBRVSofJvdRIKBFmNkhWRaY%3D&viewitem=&sspagename=STRK:MEWNX:IT</a> or a 5 Oz silver bar + 3 Silver American Eagles (duplicate dates in my collection) + 2 Morgan Silver $ culls. Well, now I've got this cent and somebody else has those silver items which I wasn't too fond off to begin with. It all comes down to personal preference folks. After all, this is a hobby for us right? </p><p>Btw, you guys like my new penny? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="gopher29, post: 1108228, member: 5379"]On Friday I noticed that Silver was up to $32.70/Oz on the COMEX and decided I could wait no longer. At the current prices, the Silver to Gold ratio is roughly 42.5:1. The ratio of silver to numismatically valuable items (ie cents, which is something i collect) is even more out of traditional line. Thus, I went through my collection boxes and pulled out 33 Oz of my least favorite items and tossed them up on Ebay. In short, one unattractive 5 Oz bar, one fugly 10 Oz bar, three SAEs, and 19 Morgan Silver $ culls fetched nearly $1100 immediately via "buy it now" before the outragious Ebay selling fees. I could have got more if I was willing to be more patient and or if I sold these items through a source more reasonable the Ebay. But, I'm pleased. The bottom line is, even after all the selling and shipping costs I incurred I still received nearly 3 times what I paid for these items and these were all items I didn't particularly care for and sort of regretted purchasing at the time (only a few years ago). Now I'm going to use the proceeds to purchase some numismatic items (presently under-valued IMO relative to silver) to enhance my collection of cents. For example, I asked myself, which would I rather have: this 1909-S lincoln cent [url]http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rt=nc&nma=true&item=270706804391&si=YWXrZBRVSofJvdRIKBFmNkhWRaY%253D&viewitem=&sspagename=STRK%3AMEWNX%3AIT[/url] or a 5 Oz silver bar + 3 Silver American Eagles (duplicate dates in my collection) + 2 Morgan Silver $ culls. Well, now I've got this cent and somebody else has those silver items which I wasn't too fond off to begin with. It all comes down to personal preference folks. After all, this is a hobby for us right? Btw, you guys like my new penny? :D[/QUOTE]
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