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My 94 year old father in law invested in silver a few years ago, 80 lbs of silver coins! He has 20 lbs of dimes 10 lbs of quarters and 50 lbs of uncirculated recent date silver dollars. I have a good outfit to sell it to. My question is should I unload the entire quantity at once to get the best price or in three incriminates to average out the price?
If you're asking my opinion, the price of silver is in an upward trend right now. If your coins are truly 90% silver (dated pre-1964), I think they would be worth more going forward.
There are some key dates, especially in the dimes. You might want to find a reliable coin collector to go through the bag. This is a good way to connect with a trustworthy expert. Probably not a good idea to just sell these by weight.
back in 1987 i bought some 100 ounce silver bars from republic bank at 9.50... here we are 33 years later and they did not even double .. glad i dumped them decades ago ... my equities i put the money in went up many many times
You have what is known as “junk silver”. The beauty of these old silver coins is they are actual currency, and no matter the price of silver they will never be worth less than their face value. Think about keeping some of them (dimes & quarters) stashed away as an insurance policy should things go sideways and paper money falls out of use. Otherwise selling over a period of time is better than trying to pick a time to sell all at once. Above a certain threshold, coin dealers have to report cash deals. You might want to stay under that limit.
if the dollar ever failed to that point you better think in terms of bullets and bartering ....you can bet anything of value will be stolen by those with the bullets .
this is a silly vision gold bugs have had in their heads for decades ,.
if the dollar ever failed to that point you better think in terms of bullets and bartering ....you can bet anything of value will be stolen by those with the bullets .
this is a silly vision gold bugs have had in their heads for decades ,.
You’re right, what was I thinking? Modern societies would never fall into periods of monetary barbarism.
Oh they certainly , but it would be silly to think that the odds of anything of value you had like gold or silver would not just be confiscated or robbed ....
When Germany saw hyper inflation the means of getting what you needed was bartering skills and trades
Gold was useful to have. If for no other reason, gold could buy more than just Marks, and everyone knew that.
10 years from now, Venezuela will have a properly functioning currency of some kind. Those with silver can buy things long after those with currency only have no options....but gold is the preferred store.
Average silver coins in lots are fetching 12-16x face on ebay. Better dates and condition are getting higher. It all depends how much effort you want to put vs. the return. A few years back I sold a lot of silver coins on ebay, but it took work to identify the good ones.
Location: West Los Angeles and Rancho Palos Verdes
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I have a bunch of of gold, silver, and platinum that my wealthy aunt had stashed away in her house. It's great for medicinal purposes -- when I'm feeling blue I stack it all up in front of me and pretend I'm a king, which makes my depression go away. I'd hang on to your precious metals for that alone.
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