Reply to Thread

Message:: [QUOTE="Cloudsweeper99, post: 131687, member: 3011"]This is an interesting decision that I can relate to, being a big silver coin fan. Last weekend in an antique shop I purchased a 1964 toned Kennedy half for $3.50; and a 48 coin mixed circulated grade roosevelt dime date and mintmark set 1946 through 1964 for $40.  That works out to about $11.52 per ounce or 8.33 times face value.  I passed up a couple of overpriced Morgan dollars and Canadian silver dollar.  You have to be picky.  So from that standpoint, I think you are overpaying a bit for "junk" silver.  Paying bullion prices, you should be able to get something other than junk silver, whether it is a date and mintmark set, fairly old coins such as Morgans in F to EF condition, or something like that - and even those frequently sell for a small discount to spot.  A mixed bag of junk silver should sell at a discount to spot in my opinion.  However, on the positive side, if you are willing to hold the coins a few years, my personal opinion based on an analysis of silver [that comes with no guarantees and is worth exactly what you paid for it] is that you will come out ahead anyway. So the bottom line is, I'd look for a better deal in your situation or keep buying silver eagles.  But if you can't resist and buy them anyway, I still think you'll eventually come out okay.[/QUOTE]