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- - 90% Silver Coin bags? (http://goldismoney.info/forums/showthread.php?t=333504)

hoser | 12-22-2008 12:08 PM
90% Silver Coin bags? Opinions? Anyone like these $1000 bags of quarters and dimes? Good idea or waste of space and better to have 1 oz rounds like ASE?

Chibioz | 12-22-2008 12:17 PM
Re: 90% Silver Coin bags? I think it depends whether you already have a solid stock of Silver Eagles or not. 90% is more liquid and easier to make small amounts of change in a SHTF scenario. It is a good idea to have both ASE and a stock of 90%.

AuNuggets | 12-22-2008 01:05 PM
Re: 90% Silver Coin bags? 90% is the mainstay of the "SHTF" believers, and is usually at one end of the extreme or the other as far as pricing. In times of slow PM markets, I have seen it selling for upward of 10% discounts to melt, and as high as 40-60% premiums over melt at times when it was in more demand than supplies could provide for (such as the Y2K period). It's always a good avenue of playing the premiums, buying when there is a glut and selling in times when everyone wants it. The premiums right now look "high", but not when compared to other times in the past when they were considerably higher. And 90% has several advantages, such as being available in one of the smallest fractions of an ounce (dimes), easily divisible for bartering, a standard unit of weight, as well as being probably the most recognizable of all forms of silver here in the U.S., not to mention extremely good liquidity anytime you are ready to sell. You can buy it in small lots at most coin shows, sometimes cheaper than full-bag quotes, and accumulate a little at a time rather than making a single large purchase or sale like you have to do with larger silver bars. Dealers seldom "discount" 90% junk for reasons of assaying or refining either, and it trades as bags of lose coins very readily. There are advantages and disadvantages to all forms of silver, whether bars, 90%, Eagles or other official one ouncers, shot, or what have you. The disadvantages of 90% are actually very few.

ppius13 | 12-22-2008 01:15 PM
Re: 90% Silver Coin bags? The biggest disadvantage for me -- with back problems -- is the weight: about 56 pounds.

DrillAndFill | 12-22-2008 02:58 PM
Re: 90% Silver Coin bags? I hold plenty of ten-ouncers, a few 100-ouncers, and the rest in 90%. If I could find more 90% right now, I'd take it.

phideaux | 12-22-2008 03:43 PM
Re: 90% Silver Coin bags? IMHO, 90% is the way to go! :biggrin:

CoinHunter53562 | 12-22-2008 04:05 PM
Re: 90% Silver Coin bags? I love 90% for the reasons of ease of bartering if TSHTF. Even if silver falls horrendously in a major deflation scenario (I dont see this happening but just for example purposes), then this will never go to zero. It will still have a face value on it unless our currency is completely devalued. Either way, it's silver content is well known and trusted among bullion traders. Always nice to have 1 oz and 10 oz bars though as well.

hoser | 12-22-2008 04:05 PM
Re: 90% Silver Coin bags? Why? Easier to sell and barter?

latemetal | 12-22-2008 08:15 PM
Re: 90% Silver Coin bags? Most of my silver is 90%, 1 ounce bars/rounds, and ten ounce bars. I have not bought a 1000 dollar bag but rather bought at fleamarkets and E-Bay.:shine:

hoser | 12-22-2008 08:33 PM
Re: 90% Silver Coin bags? Any advice on how, or who, to buy from on ebay? How do I determine if price is good?

CoinHunter53562 | 12-22-2008 08:38 PM
Re: 90% Silver Coin bags? Quote:
Originally Posted by hoser (Post 1478365) Any advice on how, or who, to buy from on ebay? How do I determine if price is good?
If the live.com rebate is still available, that's a good way to save some major cash. Otherwise, right now 9.5 x face roughly is a good goodline. So that means 95 cents per silver dime, $2.38 per silver quarter, $4.75 per silver half. It changes daily but dont pay much attention to the spot price since that is the paper price. Call your local coin shops or check online dealers like APMEX.com to see what they have available in 90% silver. You can also check the buy/sell section on here.

Baggerman | 12-23-2008 01:35 AM
Re: 90% Silver Coin bags? I have been able to pick up some small lots $5-$10 face by posting an ad on craigslist that I pay 8X face.

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