Consider US 40% silver coin as part of your wealth storage

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

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Re: Consider US 40% silver coin as part of your wealth stora

Postby Recyclersteve » Mon Aug 26, 2019 8:19 pm

I wanted to resurrect this fine old post that hasn't had activity in a while, so I'll share this little diddy...

I was traveling to the greater Cincinnati area a couple months ago and happened to get 25 of the 40% silver halves from a single bank in rural Ohio. I was in Northern Kentucky a few days later on my way to the airport, but was early and had some extra time to walk around. My wife and I saw a jeweler who had a sign out front saying they were buying gold and silver.

I decided to go in and the guy paid me $3 each (6x face) for the 25 halves I'd just found. So my $12.50 investment was sold for $75 a few days later. I'll take it!

I can't remember what city he was in and I think he made a mistake by paying too much and likely realized it pretty soon afterwards. The guy before me brought in a box of nickels and sold some of them. But I overheard the man in the shop saying "Too bad you don't have any of the war nickels because I'm paying $2 each for those." Naturally, when he asked me what I wanted for the halves, I responded by saying $3.00 each. He may have thought that was a great deal since the much smaller nickels were worth paying $2 for. I wonder how much more I could have gotten, but am happy with how things worked out.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
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