90% silver
 

Thinking of selling my 90% silver and converting the cash into 99.99 silver or gold.

I already have hundreds of SAEs
A lot of silver bars 1 troy 10 and 100s.
Gold is going well too.


Am I breaking the Ten commandments or just purifying my position...??

Any thoughts would be very welcome!!!


:confused_ma:

:10_1_19:

Re: 90% silver
 

Think of the spread. And why mess with a good thing? They aren't making 90% any more. I prefer .999 silver, but 90% is good stuff. Leave it be.


"Be right and sit tight." --- Jesse Livermore

Re: 90% silver
 

There is never a question of authenticity with 90%...and I can't say that about 100 oz bars. I got rid of most of my 100 ozer's after my local market maker dealer (employees...owner wasn't there) didn't want to buy one of my bars because they had taken in a drilled and filled 100 oz Englehard and were gun shy...I saw the future and didn't like it.

Re: 90% silver
 

I would hold on to them since it sounds like you are set in other PM areas. If TSHTF, and our dollar collapses, some think that silver coinage will become quite useful again. Having fractional type of silver like this is a bonus in a SHTF situation, dont you think?

Re: 90% silver
 

There's nothing wrong with rotating your product. I had some silver bars go stale on me recently, so I rotated them out for eagles. I'd sell the bars first, personally. But that's a whole other debate. Sell the 90% on Ebay for 15x face. You sound pretty solid in silver, so I'd move into gold. I've been on a govt. coin kick lately, especially fractional GAE's, but thats just playing around. 1 ozers are really the only way to go, and there's alot on the shelves at the present time.

Re: 90% silver
 

What do you have (in general terms) in 90%?

Sold circulated dimes and quarters moving into rolls of uncirculated halves and dollars. Made room in the safe too.

Keep your best 90% coins for sure!

Re: 90% silver
 

"Diversity is the hallmark of a prudent investor".

Keep the 90% - period = no if's, and's, or buts.

If you want more bullion stuff then generate some FRNs you can trade to get it

Re: 90% silver
 

Great advice.

ST

Re: 90% silver
 

Curious....what was the reason for moving into uncirculated coins vs circulated? If TSHTF and 90% coins become "real money" again, I dont think people will give a 2nd look to see if it's uncirculated vs circulated. It seems to me that you would end up with less silver by selling your circulated coins and using the proceeds to buy uncirculated coins since the uncirculated ones would carry a premium right now.

Re: 90% silver
 

Good point. My thinking at the time was purely from a collectors and space standpoint. Had bags of merc dimes & worn quarters that were bulky for their overall value.

Re: 90% silver
 

I hear ya...as a collector and a bullion hoarder, it's sometimes hard to make the disconnect. When I go to my local dealer and ask to go through the 90% bin, he lets me cherry pick. So in that situation, time permitting, I will go through and take uncirculated coins since they are the same price (or if I spot a good date). Otherwise, I try not to be too picky and just get my hands on whats available. :coolbeer:

Re: 90% silver
 

keep your 90%!

think about it. if silver is due for the correction they say and it goes back to the historical 20:1 ratio of gold, then most people won't be able to afford your bullion. the 90% you have is the only fractional silver that's readily available as the gram silver is way overpriced.

Re: 90% silver
 

Good point. The premiums are low, and you have well recognized/readily accepted silver in less than 1 oz sizes (0.0723 dimes, 0.1809 quarters, 0.3618 halves, 0.7735 dollars).

Re: 90% silver
 

Maybe you have convinced me to buy more! lol
I didn't want to get into numismatics, so was going to move more with just standard troy oz weights.

In answer to previous questions, its a large bag probably close to the size of a 10K bag from apmex i have collected over the years (although i need to weigh it) mixture of Dimes, quarter, halves and dollars of most all types throughout the years, all 90%. no 70%

Most coins are worn with some younger coins being UNC..

Found a few interesting although very worn coins here.

A Silver eagle from 1902? 1 troy larger than a dollar
A few trade dollars

[IMG]http://i251.photobucket.com/albums/g...ng/1902SAE.jpg[/IMG]

http://i251.photobucket.com/albums/g...ibertyhead.jpg

[IMG]http://i251.photobucket.com/albums/g...1817seated.jpg[/IMG]



yes all silver, yellow lighting with to0 much coffee and no tripod = the shakes! LoL

Thanks for the response.
Was wondering on most investors position on silver .... how much 90% Vs Bars 999..eagles maples etc...

Re: 90% silver
 

They all look suspicious to me.......:thumpdown

Re: 90% silver
 

Yeah definitely all fake. :(

Re: 90% silver
 

All the dates are period wrong, there was no Walking Liberty minted in 1902, Trade dollars were between 1873-1885....

Re: 90% silver
 

I've seen a website talking about those fake 1902 eagles from China, if IRC. I will try to find the link. Those picks are very distressing, where did you get your coins from?

Re: 90% silver
 

Okay, here's that link on fake ASE that are made to look like old circulated coins:

http://www.silver-coins.org/american_eagle_dollar.html

The one in this picture is "from" 1906 but looks just like the "1902" posted above.

Re: 90% silver
 

Dont worry there are only a four of these all other coins are Morgan or Peace.

Looks like a few from old purchases made it in the bag.

i went through all and it seems that they dont have the same ring to them as do all the others... thought they looked interesting LOL!
Another reason why I dont like to get into 90%.. looks like they can fake or plug anything these days.

I dont want to go through all the halves, quarters and dimes.. but do you know of any fakes in these smaller denominations... i dont want to pick through all of them..too many could take days!

I will take these to my coin guy and show him tmw, probably drill holes in them and throw them out.

Re: 90% silver
 

I haven't heard of small 90% fakes. Lots of morgan/peace fakes though.

Re: 90% silver
 

Found 6 out of about 200... after looking closer and using calipers for measuring outside diameter and thickness.. color and ring test.. you begin to feel that something is off.

Im now glad to have done this now as it has now exposed me to being a little more cautious!

What Gold fakes are out there?

I buy Krugs and Eagles and keep away from Pandas!

:23_1_22:

Re: 90% silver
 

Well, the most obvious give-away are the dates,...especially on the 1902 Walking Liberty, that design didn't exist before 1916

Re: 90% silver
 

Those things in the pics are slugs...those wouldn't fool anybody with a clue.

Circulated 90% junk silver is bullet proof with just a slight bit of knowledge.

I know somebody that has to deal with a lot of coinage and he just sits by the counter and if he hears a ring, he knows a silver coin went through...and he fishes it out.

Re: 90% silver
 

As long as you don't violate Ezekiel 18:13 (KJV), you're okay.
:-)

Re: 90% silver
 

Being a sound engineer that was my tell tell sign... the pitch of the ring was dull and that was enough for me!!... as i said have been picking up here and there for a while, when i couldnt find SAE's or bars and decided to go through them!
Snow outside, figured I got my new camera look what I found MUD! LOL
Im glad not to go through all those Merc Dimes!!!

anyone else have any fake pics?

Its a great eye opener for the not so experienced!!!!

Re: 90% silver
 

What the heck are you talking about??

Re: 90% silver
 

This, of course, is ridiculous.

Can we get past the idea that at high prices, your PM won't be "affordable"? It can't possibly reach a price that's not affordable, since price is where supply meets demand. If silver is $10,000/oz, it's only because there are equal buyers and sellers at that price.

Re: 90% silver
 

Approximately...

.999 bars/rounds: 60%
90% U.S. coins: 30%
Eagles/Maples: 10%

Re: 90% silver
 

Considering the price of gold in Zimbabwe dollars (millions per gram), never say never.

Re: 90% silver
 

Re: 90% silver
 

Bars/rounds 50%
SAE's/Maples 25%
90% 25%.

As equity investors say, diversification is key! It's odd how I got this distribution, it wasn't planned, but I think it worked out nicely!

Re: 90% silver
 

U.S. junk .90----------40%
1oz AE, Onza, rounds--25%
10oz bars-------------35%

Re: 90% silver
 

looks like we have some fake issues with all silver.
Reading a new post about china fake bars.

My modern SAE s all purchased from reputable dealer, im very happy with.
100 0z bars seem to be a scary purchase if slugged.
Think i will stick to 10oz bars and 1troy oz rounds.

Anyone get stung with any bad purchases?
also include fake gold.

Re: 90% silver
 

At the rate you post that picture, I'd say you're single-handedly destroying the reputation of Engelhard and large bars in general. :D

Re: 90% silver
 

Interesting point. I would be interested to learn from a refiner how common adulturated silver chunks are right now or were in years past. That would better survey the actual number of phony Engelhard's than a single internet photo.

Re: 90% silver
 

"I had some silver bars go stale on me recently"

Just meant that I changed my mind about having bars and switched to eagles.

Re: 90% silver
 

"Can we get past the idea that at high prices, your PM won't be "affordable"? It can't possibly reach a price that's not affordable, since price is where supply meets demand. If silver is $10,000/oz, it's only because there are equal buyers and sellers at that price."

I think this poster is suggesting that as the price of silver increases to the point where it's very expensive, fewer and fewer people will be able afford it.

Re: 90% silver
 

Quote:
Originally Posted by Atahualpa View Post
There is never a question of authenticity with 90%...and I can't say that about 100 oz bars. I got rid of most of my 100 ozer's after my local market maker dealer (employees...owner wasn't there) didn't want to buy one of my bars because they had taken in a drilled and filled 100 oz Englehard and were gun shy...I saw the future and didn't like it.
I would have loved to get my hands on that bar........


I would pay a pretty penny just to examine it.
Attached Images

TA,

Could this method of counterfeit, possibly explain that more silver is currently on sale than is possibly mined?????

My thoughts.

Seeing this method of counterfeit, is kinda scary for the middle income Ag investor, isn't it?

After all, only the rich can afford to purchase 100 oz bars of Au, Pt, and Pl, not to mention Rhodium. (sorry, but I don't know the shorthand for this metal)

Re: 90% silver
 

I understand the concern, but it does not withstand analysis. How could it get to such an "unaffordable" price if there is not sufficient buying demand at that price? Can't happen. This only becomes an issue right at the blowoff top price where there is a mass fleeing of buyers and the price implodes practically overnight.