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by RD5 » Thu Jun 21, 2012 10:19 am
Before going into thinking about trading my 90% silver for 35% I have a few questions. If I were to trade my 90% silver for 35% silver would 90% be worth more? If the trade was equal in silver weight would it be a fair trade? I've been thinking 35% might be worth a bit less in a trade like this because it might be harder to refine. Am I correct? Thanks.
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RD5
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by TheJonasCollegeFund » Thu Jun 21, 2012 10:29 am
Save and stack ALL of your 90%! Use some of your paper money to buy any 35% you want at way under spot. I usually trade the other way, 35% for 90%.
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TheJonasCollegeFund
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by creshka46 » Thu Jun 21, 2012 10:30 am
Yes, If I was going to trade like that, I would value the 90% at spot and the 35% at about 80-85% spot. So that would be like 15 or 16 war nickels to every $1 FV of 90%
Pennies: $4200 - (0) indians - (5)steel - (1) George V Canadian
Nickels: $6500 - (62)war - (23)buf - (1)V nic - (4) key date jeff's
Dimes: $5000 - (24)roos - (2)merc - (2)AgCAN
Halves: $8000 - (7)'64 - (33)40% - (1)walker
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creshka46
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by Sterling Silver » Thu Jun 21, 2012 11:40 am
I traded 35% and 90% for FRN's at my local coin shop. (I hold Ag as my emergency fund) I got spot for the 90%, but less for the 35%. I will roll hunt for war nicks, but not a buyer of them for this reason.
"I can tell your fancy, I can tell your plain.
You give something up for everything you gain.
Since every pleasures' got an edge of pain,
Pay for your ticket and don't complain." Bob Dylan
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Sterling Silver
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by InfleXion » Thu Jun 21, 2012 7:39 pm
I have 35% because I like the historical aspect of war nickels, and yes I have seen them for way under spot before (guy was roll searching and just dumping the rest), but I would not stack 35%. Purity is important to the melters, and that does have an impact on demand. This is why I love Canadian silver. 9999!
Silver: the Rodney Dangerfield of precious metals.
If it's printed on a piece of paper it's worth the paper it's printed on.
If it's a digital asset it's worth the electrons in cyberspace.
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InfleXion
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by deacon » Thu Jun 21, 2012 8:10 pm
Go from 35% to 90% or higher. If you get some while sorting that's cool, but if you want to sell close to spot, you need a higher silver percentage.
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by OtusLotus » Fri Jun 22, 2012 10:57 am
People will for the most part always want to stack the higher % silver coin, and thus the discount for the the war nick.
In the end, you will get more bang for your buck with the 90%.
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