Good Ray--how much for this GEM?

[neilgin1]

Raymundo, take a look at this beauty roll, 1941-S Merc's Gem BU's

http://www.ebay.com/itm/130575731787?ss ... 1423.l2649

where you think these will trade off at?...i say a lil north of $300, which is 60X's!!!

easily the lot of would be 63's to 65's, wouldnt you think?

[RR GUY]

Should trade for about $250 or so, probably pretty close to fully valued here. Uncirculated 1940's Mercs are pretty common, and there were 43.1MM 1941s dimes minted.

[neilgin1]

oh......i thought it would really ramp up in price...shows you what i know..lol

[RR GUY]

Could trade there. There may be a premium for a whole roll, but normal late uncirculated mercs trade for $4-5 a piece. It seems rich to me, but then again, I'm not used to new prices.

[Cu Penny Hoarder]

These coins may have been struck later in the dies life. The reverse bands are not separated enough for me. I blew it up to 400%, but I could not see the band separation very clearly. I have a roll of 1916 mercs with fully separated bands... talk about eye appeal!

[neilgin1]

oh......i thought it would really ramp up in price...shows you what i know..lol

you all want to know where the 90's will trade for? 86 times face, think i'm crazy? look where the roll of 41 Merc's closed at...$430 which is 86X's.

http://cgi.ebay.com/ws/eBayISAPI.dll?Vi ... 0575731787

and if you say the winning bidder with 77 stars was a novice, there was a guy with 5600 stars ready to pay 80X's....silver's going to $130 to 160 the ounce, first stop, count on it. i guess i do know more than i think i know. whatever that means.

[68Camaro]

They are pretty, but seems high to me.

[neilgin1]

They are pretty, but seems high to me.

of course 86X's seems high, but thats the thing about bull markets, everytime you buy, you feel like you're paying up, or paying too high, until the next guy comes along and wont think twice about outbiding you, or the next 20 guys, who will outbid each other. Sure i know this roll has nusimatic interest, my point is, if guys are willing to pay 86 times, with comex silver trading at $40, what are 90's going to look like when the silver market has some liquid oxygen put into the fuel and the burners kicked off?

we should thank God everyday it backs and fills in the 33 to 44 range

[RR GUY]

You were right Neil, I was way off in price. The thing is, you always make your money in bear markets. The coins that I bought in the late 80s and 90s are where the real profits are. Those who purchase today might make 50-100% return in the next few years, but this is paltry considering the several hundred percent already mad in the past decade. As bullish as I am, when I see sales like this, I begin to wonder whether the risk/reward is starting to change. But as a deep value investor, I always buy when nobody wants the asset and tend to sell too early.

[neilgin1]

You were right Neil, I was way off in price. The thing is, you always make your money in bear markets. The coins that I bought in the late 80s and 90s are where the real profits are. Those who purchase today might make 50-100% return in the next few years, but this is paltry considering the several hundred percent already mad in the past decade. As bullish as I am, when I see sales like this, I begin to wonder whether the risk/reward is starting to change. But as a deep value investor, I always buy when nobody wants the asset and tend to sell too early.

RR, i get ya bud, loud and clear. i been saying this a lot, but to me, silver isnt so much an "investment", but more like "insurance".....currency insurance, coz i take that fiat and get OUT of the e-currency, out of the FRN racket, and got some insurance. My silver, if i even did own any, will never be sold for fiat, paper money....more like for a saw mill, or a cider press facility, or artesian springs.....as well as comestibles. never fiat.....it does NOT have my full faith, more like half faith, going down to a quarter.

that said, just a mild disagreement, $130-160 FIRST stop, then up to $600-770 in todays dollar, so thats a initial 300% return. You might think that the delusion of a half mad bull, but i'm letting gut instinct call the shots.

[RR GUY]

Well, I guess I see the world a little diferent. I don't invest in any hard assets with expectation of capital gains or currency insurance, but for capital preservation. To me having silver and gold is simply a way of diversifying from other correlated assets where there is rampant volatility, manipulation and outright fraud (don't get me started about equities and the theft that occurs at the board level of many S&P 500 companies). I always approach my investments with low expectations. I'm not looking to make more than 10% per annum, and thus when I see prongnositications of multiples of current prices for both silver and gold, it makes me wonder, why is everybody so greedy? But then again, I am in constant wealth preservation mode, so I see things a little differently. Oh, and by the way, I'm glad you mentioned other asset classes such as consumables. My father in the 70's saw the rampant inflation coming and sometime early on in the cycle, he bought $3000 worth (probably $10,000 in todays dollars) of non-perishable groceries. Turns out to have been a great investment as by the late 1970's that hoard probably was worth triple what he paid.

[neilgin1]

RR, i'm just trying to survive, so i can write, and if you write something that sells, and sells well, thats a property that will keep returning dividends to my heir, coz he's what counts. and i agree with you about common stock. never bought a share in my life, i dont trust suits. i bought and sold thousands of bushels, pounds and barrels of various commodities. Those i understand, a grain of wheat, a pound of pig, a barrel of crude cant lie ro decieve, its just there, in varying supply and demand. but that game just got too hairy for me.