Realcent.org

rolls of US silver coins?

cappers and sellers of copper pennies aside, there is a lot of stuff for sale on Ebay right now....and a LOT of it, from sellers I've never seen, which indicates folks just bombing out, trying to raise cash

the high profile numi rolls ARE maintaining value....I still see many many trades in the 30-45 times face, for high value numi's.....but common dates are trading right at or below 20 times...just a heads up.

Thanks for the report!

So then the average Joe still has a long way to go before they get it. Good for profit margin for folks like us. Bad if you have a short timeframe.

buy when there "is blood in the streets."

adagirl wrote:buy when there "is blood in the streets."

And to think it was supposed to be "sound money". What you have described sounds much more gory.
Cheers!

adagirl wrote:buy when there "is blood in the streets."

What is the old adage? "Be greedy when others are fearful and be fearful when others are greedy." Today we seem to have both conditions existing concurrently with different asset classes.

Jonflyfish wrote:

adagirl wrote:buy when there "is blood in the streets."

And to think it was supposed to be "sound money". What you have described sounds much more gory.
Cheers!

Um, its five times higher than 10-12 years ago? And measured against the world's "best" currency at that. Imagine if you lived in Venezuela, Syria, South Africa, Argentina, Russia, India, etc where inflation has been worse - wouldn't you rather have silver than local currency?

Jonflyfish wrote:

adagirl wrote:buy when there "is blood in the streets."

And to think it was supposed to be "sound money". What you have described sounds much more gory.
Cheers!

Reality is this: There is NO money.

There is debt, we trade on the full faith and CREDIT of the us gubermint.

I guess the value of the US Debt valuates our silver. It seems like the planet functions by trading our paper (debt obligations ) We are lazy and useless. We consume, we don't produce.

How do we make good on the paper?

IMO, debt is overvalued. I buy gold, guns and silver.

I wish it was possible to store liquid fuel.

I just watched as 25 rolls of a fine collection traded hands with the lowest roll, going for 33 times $10 face, up to 129 times face.

it was (probably) a consignment deal by American rarities, Franklin Halves, all BU' plus's, 1948-54, all mints, Phil, Den, and SF, the median trade was 50-60 times face. I realize the high numi premium attached, but it was sight to see, in a downward trending market on the board.

It seems to me, that if you can find a solid date roll, with less than 10 million minted, in BU plus condition.....bidding will be quite ardent.....and ardent bidding isn't only confined to silver coins...I watched as the diary and sermon notes from an 1845 Abolitionist preacher went for $1,200, and the original newspaper reporting of the 1904 Welsh Revival traded for $937.00.

wow.

Thogey wrote:

Jonflyfish wrote:

adagirl wrote:buy when there "is blood in the streets."

And to think it was supposed to be "sound money". What you have described sounds much more gory.
Cheers!

I reality is this: There is NO money.

There is debt, we trade on the full faith and CREDIT of the us gubermint.

I guess the value of the US Debt valuates our silver. It seems like the planet functions by trading our paper (debt obligations ) We are lazy and useless. We consume, we don't produce.

How do we make good on the paper?

IMO, debt is overvalued. I buy gold, guns and silver.

I wish it was possible to store liquid fuel.

I agree with what both of you are saying, but it seems to me that he is goading us for a reaction. . . which he is getting.

The interesting thing is, in the past JFF has claimed to be a stacker of physical PMs himself which would suggest that he agrees wholeheartedly with your statements. This makes some of his recent statements all the more confusing.

neilgin1 wrote:I just watched as 25 rolls of a fine collection traded hands with the lowest roll, going for 33 times $10 face, up to 129 times face.

it was (probably) a consignment deal by American rarities, Franklin Halves, all BU' plus's, 1948-54, all mints, Phil, Den, and SF, the median trade was 50-60 times face. I realize the high numi premium attached, but it was sight to see, in a downward trending market on the board.

It seems to me, that if you can find a solid date roll, with less than 10 million minted, in BU plus condition.....bidding will be quite ardent.....and ardent bidding isn't only confined to silver coins...I watched as the diary and sermon notes from an 1845 Abolitionist preacher went for $1,200, and the original newspaper reporting of the 1904 Welsh Revival traded for $937.00.

wow.

But back to topic at hand. . . I'm not sure what the prices for BU rolls tells us about the physical market in general. Most people who are concerned about the health of our currency buy silver for the bullion, not the condition.

AGgressive Metal wrote:

Jonflyfish wrote:

adagirl wrote:buy when there "is blood in the streets."

And to think it was supposed to be "sound money". What you have described sounds much more gory.
Cheers!

Um, its five times higher than 10-12 years ago? And measured against the world's "best" currency at that. Imagine if you lived in Venezuela, Syria, South Africa, Argentina, Russia, India, etc where inflation has been worse - wouldn't you rather have silver than local currency?

Higher than it was, less than half of what it was... it's too volatile. Perhaps that is why there might be "blood in the streets". I'd take the Russian currency. For all the others listed I'd rather have a farm with sheep.

Cheers!

Thogey wrote:

Jonflyfish wrote:

adagirl wrote:buy when there "is blood in the streets."

And to think it was supposed to be "sound money". What you have described sounds much more gory.
Cheers!

Reality is this: There is NO money.

There is debt, we trade on the full faith and CREDIT of the us gubermint.

I guess the value of the US Debt valuates our silver. It seems like the planet functions by trading our paper (debt obligations ) We are lazy and useless. We consume, we don't produce.

How do we make good on the paper?

IMO, debt is overvalued. I buy gold, guns and silver.

I wish it was possible to store liquid fuel.

I like your points, especially about fuel. Without Stabil etc which you may already know about, there is little chance for distillates. It's an expensive option. For a few hundred gallons of personal use, perhaps a good idea and or rotate local storage. Developing your own bio fuel supply (diesel would be easiest) might be an option. Otherwise, storing crude oil as a last resort.

Cheers!

theo wrote:
I agree with what both of you are saying, but it seems to me that he is goading us for a reaction. . . which he is getting.

The interesting thing is, in the past JFF has claimed to be a stacker of physical PMs himself which would suggest that he agrees wholeheartedly with your statements. This makes some of his recent statements all the more confusing.

No goading, friend. Interesting times and interesting to see how different folks view (or react) now with silver at less than half of the recent peak. It's an interesting view of history to look back at all the posts where folks used a quote or misrepresented or misunderstood statistic etc to try and justify and prove why silver must go higher, but it didn't. It collapsed.

When it comes to stacking, there are some deep black holes that I may or may not know about.
Recent discussions (or mob attacks) about hedging those black holes shouldn't have been taken as too confusing. Apologies if that was the case.

Cheers!

Kind of a boring morning in the markets...I'm pondering what the scandals hitting DC will do to the Dollar's status as a reserve currency.

Probably not much in the short term, but the more corrupt the US looks, the less faith the rest of the world will have in FRNs.

Good eye neil. You are my man on the front line of roll tempo. So I appreciate the reports. If silver does in fact go lower as some are predicting it will be exciting to see how roll premiums adjust.

oh my my my.......HERE is a roll that will DEFINITELY trade 100 times plus face....the holy grail of Washington Quarters, a solid date roll of roll of 1932-P AU/BU's

http://www.ebay.com/itm/1932-P-AU-BU-Si ... 43bcb03ff9

oh man, look at these beauties.....warms my heart, and makes me crazy. i'm in a deficit cutting mode now. Sure, I could pull a few strokes, and flip a blow away bid in. A bid SO crazy, nobody would touch it. i'm surprised they even got a "reserve" on this roll....that tells me a lot. What does it tell me?
okay, it tells me, this was a prized part of somebodies collection, and they're 'tired" of waiting for silver to pop, but they're scared that this roll wont trade where it should. Obviously they haven't been watching how high profile numi US 90%'er solid date rolls are trading....when a roll of 52-S Franklins trade for 1299.00, you can be pretty sure this beauty is going for a $1000.00 plus. I would be VERY surprised if this roll traded for 800 to 950.

I also surmise if this collector has grown impatient..OR needs to raise cash, paper fiat, then we are very near a bottom in silver.

i'm going to go back in time, I've been thinking of missed opportunities and things I like...I can remember, when I was 22-23, and running a meat desk on the CME floor, all the back office gals had accounts, and I had a hot hand spreading Hogs against Bellies....the deal was, we put on 2 cars, and split the winnings. Believe it or not, I always traded to the fair, and I remember the first score.......3200 dollars, passed to me as 32 Benjys....boy I thought that was a lotta money in 82. I bought a John Deere 8 hp rototiller, so my brother and I could do a good size truck garden, I bought a 73 Mercury Monterey for $400...and we partied, hardy. But, I remember thinking, even back then, I should of started buying common stock in the companies I liked. I ALWAYS thought McDonalds was (and is) a superior American company....and I've always liked certain Big Pharma and certain solid biotech issues...BioGen was ALWAYS a favorite, Merck, Teva, etc.....and i'm not talking about buying and flipping on margin....I wanted to buy a hundred, and just hold...and keeping "stacking" McDonalds and Big Pharma/Biotech's.....never did.

I had "trust issues" back then, and still do. darn it. This recent "whistleblower"?...the one that outed himself?....before the floor, I was with that crew, and their culture IS one of institutional lies, which made me VERY cynical at an early age...hence, I didn't SEE the recovery in the 80's......another thing I've always liked, but was too young to get into, (don't laugh) were Warhol Campbell Soup oils....the 22 by 18's, these were first shown at Karps in LA, in 1962....for $100 a piece, I think I saw one trade for 2.2 mln. I mean if I had one, purchased from Karp's, I wouldn't sell...its the ART, I like. To me, yes these 1932 Washington's have value, both intrinsic and numismatic...but to me, there's also an ART and historical value....1932 was a desperate time in American history, and people held onto money/coinage....that's why its SO DIFFICULT to find rolls of Standing Liberty Quarters in anything over "good" to Fine...its hard to find individual coins, SLQ's in BU condition...those quarters, veritably meant the difference to folks back then between eating or going hungry..i have rolls of 32 Wash's and rolls of SLQ's, but there are all good to fine, that's it.
I was fortunate enough one time to buy, actually it was a "steal", two art books from China, circa 1880-90 for $24 in 1990, they're worth 3,000 plus. I wouldn't sell them for any price, They are printed in both Mandarin and English...accordion style, one side is text, the other is hand drawn and painted still lifes...one is an ancient tale, the other is the daily life of a rice farmer. Now, I curate them hermetically, but I will be framing them.....five foot long frame. the point?...sometimes, money...or profit matters naught. This art brings me joy, it enriches my life.

so...there it is, a roll of 1932 Washington's if you want them boys!!! have a good one gang, neil

its 10 June 2013, July Silver is at 21.70, and i'm going to call that we are close to bottom......based on what?

the seller of that 1932 roll of AU/BU Washington's?...they been selling silver to buy what?

check this, rolls and rolls of COPPER pennies, and nickels.......they're selling silver to buy, just for instance, a roll of UNC Buffalo nickels for $416.00.

so when I see people selling a highly sought after 90% silver coin roll, in the hole, in a down silver market to buy frigging copper and nickel coins?

that tells me, we are VERY near a bottom in the silver.

watch....could we test $20?...sure, but we're near a bottom.

Thogey pretty much nailed it above IMHO. Things that go bang, and physical metals along with other preps. Fuel is tough to store in large quantities for most of us. I have about 25 gallons, but that'd be gone quickly. I keep that because I live in a hurricane prone area and may need it for my generator and to help neighbors fuel their generator if power were out for an extended time.
If all the paper ever gets called, there is way it can be filled. The spot price and the price being paid don't match up just as Neil indicates. For me, it has made more sense to buy bullion of late due to the ever increasing premiums on 90%. I picked up an old pour 10oz Englehard bar at my LCS for $225 last week, which I thought was a great price. At the same time, he was still selling 90% at 21x face.

Jonflyfish wrote:

AGgressive Metal wrote:Um, its five times higher than 10-12 years ago? And measured against the world's "best" currency at that. Imagine if you lived in Venezuela, Syria, South Africa, Argentina, Russia, India, etc where inflation has been worse - wouldn't you rather have silver than local currency?

Higher than it was, less than half of what it was... it's too volatile. Perhaps that is why there might be "blood in the streets". I'd take the Russian currency. For all the others listed I'd rather have a farm with sheep.

Cheers!

I like the sheep idea. I think perhaps there are different definitions of "sound" that could lead to confusion. I see your point that silver has been volatile in dollar terms lately, but that is because the Fed is manipulating interest rates, buying assets, bailing banks out, and more (along with basically all other central banks). The idea that gold and silver are sound money is based in observed history where the metals proved themselves in that role for many centuries. Their volatility lately is more a reflection on the volatile corporatist/socialist economy and corrupt paper markets, in my opinion. Silver has done a lot in the last 10-13 years - if it takes a breather I will be disappointed but not dismayed. US dollar creation will not stop, if for no other reason than to fund the debt, so we'll see $40 silver again someday soon.

AGgressive Metal wrote:
I like the sheep idea. I think perhaps there are different definitions of "sound" that could lead to confusion. I see your point that silver has been volatile in dollar terms lately, but that is because the Fed is manipulating interest rates, buying assets, bailing banks out, and more (along with basically all other central banks). The idea that gold and silver are sound money is based in observed history where the metals proved themselves in that role for many centuries. Their volatility lately is more a reflection on the volatile corporatist/socialist economy and corrupt paper markets, in my opinion. Silver has done a lot in the last 10-13 years - if it takes a breather I will be disappointed but not dismayed. US dollar creation will not stop, if for no other reason than to fund the debt, so we'll see $40 silver again someday soon.

believe it or not, my neighbor and I, great guy he is, we put up a sheep paddock on my land, bought a pair of ewes with their lambs, the lambs go to the butcher around late Sep/Oct. Sheep are a very peculiar animal. Talk about defenseless. We did it, coz my neighbor smokes meat like nobody else, and we were both whining about how we can never find quality lamb up here in dairy country, so I said, "lets do something about that"....and we did....small time at first, get to know the culture, practices....and as the years go by, we'll start fencing off various pastures for feedlots....i'm always thinking about "what is currency?"....obviously metals, but i'm trying to go beyond that, and in a rural setting...you have a lot of leeway. Meat, fibers, intoxicants, wood, water....among many alternatives.

I agree with you...as I've said before, and will say again, blowing past $50 is a gimme, just a question of when, not "if", then 75-ish, and 130, which is the old "Hunt high" in todays dollars.

with this much corruption endemic in todays America?...i'm not too "bullish" anything other than PM's...in fact, no joke, i'm in the "grief" stage....any patriot would be. be well Ag, neil

AGgressive Metal wrote:
I like the sheep idea. I think perhaps there are different definitions of "sound" that could lead to confusion. I see your point that silver has been volatile in dollar terms lately, but that is because the Fed is manipulating interest rates, buying assets, bailing banks out, and more (along with basically all other central banks). The idea that gold and silver are sound money is based in observed history where the metals proved themselves in that role for many centuries. Their volatility lately is more a reflection on the volatile corporatist/socialist economy and corrupt paper markets, in my opinion. Silver has done a lot in the last 10-13 years - if it takes a breather I will be disappointed but not dismayed. US dollar creation will not stop, if for no other reason than to fund the debt, so we'll see $40 silver again someday soon.

It's volatile for many reasons. Industry is still the top consumer and demand is way off.
The price has been volatile when compared to other metals, grains, protein, the energy complex and real estate.
Silver acts more like a high tech Nasdaq stock, not like granny's dividend paying utility stock. Some can stomach the ride. For all others there is always a sheep farm for protein and wool.
Cheers!