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- - My first coin purchase.... was it OK? (http://goldismoney.info/forums/showthread.php?t=222323)

Awoke | 01-12-2008 09:54 PM
My first coin purchase.... was it OK? I don't know..... But it was down to 4 minutes, so the quick research I had a chance to do showed me that some people are paying up to $25 or more for the 1944 coin... I got 2 coins: 1944S Walking Liberty Half Dollar 1944 S 1942 p PWalking Liberty Half Dollar 1942p for 10.00 USD plus shipping. Ebay item 280190472783. Did I do OK, or no....?

Optimus SubPrime | 01-12-2008 10:17 PM
Re: My first coin purchase.... was it OK? Quote:
Originally Posted by Wakeness (Post 914741) I don't know..... But it was down to 4 minutes, so the quick research I had a chance to do showed me that some people are paying up to $25 or more for the 1944 coin... I got 2 coins: 1944S Walking Liberty Half Dollar 1944 S 1942 p PWalking Liberty Half Dollar 1942p for 10.00 USD plus shipping. Ebay item 280190472783. Did I do OK, or no....?
melt value on that is $11.75- Walkers usually go for a little over melt depending on condition. the $25 coin you saw was probably uncirculated. I'd say you did fine, now keep buying. :s9:

TLM | 01-12-2008 10:18 PM
Re: My first coin purchase.... was it OK? Just for the silver content ,the 2 coins are worth at least $15. Unless you know how to grade coins, stick to buying just for the PM content. You got rid of FRN's for something of value, that's always a good thing :wink:

GreenSpirit | 01-12-2008 10:21 PM
Re: My first coin purchase.... was it OK? Quote:
Originally Posted by TLM (Post 914774) Just for the silver content ,the 2 coins are worth at least $15. Unless you know how to grade coins, stick to buying just for the PM content. You got rid of FRN's for something of value, that's always a good thing :wink:
might want to recheck your math...

TLM | 01-12-2008 10:26 PM
Re: My first coin purchase.... was it OK? My bad, I hit the minus sign instead of the x on the calculator. Yeah, 11.60 at $16.23 spot

Awoke | 01-12-2008 10:29 PM
Re: My first coin purchase.... was it OK? Well after shipping it'll be probaby 15 bucks of so....

TLM | 01-12-2008 10:45 PM
Re: My first coin purchase.... was it OK? Quote:
Originally Posted by Wakeness (Post 914787) Well after shipping it'll be probaby 15 bucks of so....
So you traded some pieces of paper for 90% silver coins.. still a good thing.

Baldwin | 01-12-2008 11:07 PM
Re: My first coin purchase.... was it OK? If you can get some pictures up, we can examine them for numismatic value. Odds are, they are probably melt pieces, but regardless, you did better than most.

TLM | 01-12-2008 11:10 PM
Re: My first coin purchase.... was it OK? Quote:
Originally Posted by Baldwin (Post 914817) If you can get some pictures up, we can examine them for numismatic value. Odds are, they are probably melt pieces, but regardless, you did better than most.
They are melt pieces, I looked up the ebay#, even advertised as Junk silver.

Ulysses | 01-13-2008 12:00 AM
Re: My first coin purchase.... was it OK? May I ask if this was your first purchase of silver in general, numismatic silver or both?

Awoke | 01-13-2008 12:54 PM
Re: My first coin purchase.... was it OK? My first purchase was a bunch of JM 10 oz Bars. The coins are a new thing for me, with a steep learning curve, but I want to learn as much as possible so I can diversify my Silver horde for the coming barter days.

mike77777 | 01-13-2008 03:37 PM
Re: My first coin purchase.... was it OK? good job, hard money good. portland dealer has the liberty halves @ 6.00 ea. got a 1945 yesterday , and a 1889 silver dollar. small scores, but add up over time.

Ben_Trovato | 01-13-2008 04:35 PM
Re: My first coin purchase.... was it OK? Hey guys.. I just made my 1st purchase as well. 2007 silver maples at $21.30 each. Good buy? Would you continue buying at this price?

RealJack | 01-13-2008 06:21 PM
Re: My first coin purchase.... was it OK? Quote:
Originally Posted by Ben_Trovato (Post 915546) Hey guys.. I just made my 1st purchase as well. 2007 silver maples at $21.30 each. Good buy? Would you continue buying at this price?
No... not until the spot price gets up to $20.00 a troy oz. $1.30 to $1.50 premium is pretty normal. A $5.00 premium on a maple is just wrong. Come to think of it, I'd be happy to sell you any number of SAE's for $21.30. Free shipping too. :bull-buddy-icon: Check out apmex.com. Scratch that. Doesn't look like they have any 2007 maples right now. No boxes either. Hmmm.

Dick | 01-13-2008 06:36 PM
Re: My first coin purchase.... was it OK? Quote:
Originally Posted by Ben_Trovato (Post 915546) Hey guys.. I just made my 1st purchase as well. 2007 silver maples at $21.30 each. Good buy? Would you continue buying at this price?
http://www.bulliondirect.com/nucleo/...o?id=202543186

Ulysses | 01-13-2008 06:51 PM
Re: My first coin purchase.... was it OK? Quote:
Originally Posted by Wakeness (Post 915349) My first purchase was a bunch of JM 10 oz Bars. The coins are a new thing for me, with a steep learning curve, but I want to learn as much as possible so I can diversify my Silver horde for the coming barter days.
Well, it sounds like you're on the right track. There are some good deals out there, just do a little digging. Also, if you decide to use ebay again, check out the bigger lots of 10-50 ounces, sometimes you get a better price on those, since there are fewer bidders, and the shipping cost is lower when you buy a few rather than one. Anyway, best of luck!

Got Goldies | 01-13-2008 06:55 PM
Re: My first coin purchase.... was it OK? Quote:
Originally Posted by Wakeness (Post 915349) My first purchase was a bunch of JM 10 oz Bars. The coins are a new thing for me, with a steep learning curve, but I want to learn as much as possible so I can diversify my Silver horde for the coming barter days.
LOL, thats how it begins. I'm surprised you did not jump to SAE first. Only buy by the tube. 20. Kooks come in plastic containers and 10 of them come by rolls. The 2oz, my fav, get by the 5's. the 10oz is fine by itself. The kook is the only coin that shines up the stash and can come out and play.

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