Trade 40% for 90% or .999 ???

[Tommybee]

I have about 8 rolls of 40% Kennedy halves that I obtained at face value roll searching. I am undecided as to whether I should keep them, or sell them and buy some 90% junk or .999 rounds, etc.

Storage space is not an issue for me, so the only way I think making a switch makes sense is if I sell the 40% when silver is high, wait for a correction and then try to buy more 90% or .999. If there is no correction, then I can see no advantage from a bullion standpoint.

I have about 24 oz of silver in the 40%. I can probably get 3.50 a piece for them, or $560. If you figure I could buy at, say $36 oz today for junk or generic, that's 15.5 oz i could buy with the money I sold the 40% for. So I'd loose 8.5 oz of silver at today's prices.

I know 40% are less desireable and you can buy and sell them at a discount, but is it worth it to sell them for higher purity stuff if you can't buy that higher purity stuff at a significantly lower spot price? I don't know about you guys, but I expect $50 oz silver....soon.

Any thoughts appreciated. Thanks.

[CardsNCoins]

With silver currently at $34.50 per ounce (give or take), you are being ripped off by the person that is paying you only $3.50 per coin for 40% halves.

[Tommybee]

I'm only getting ripped off if I sell them to him. Nobody is holding a gun to my head. 40% trade at a discount. I'd only buy them if I can get them below spot. We'll see what his prices are this weekend. Maybe he's closer to $4.00 each with current silver prices.

[barrytrot]

I'm only getting ripped off if I sell them to him. Nobody is holding a gun to my head. 40% trade at a discount. I'd only buy them if I can get them below spot. We'll see what his prices are this weekend. Maybe he's closer to $4.00 each with current silver prices.

What "CardsNCoins" is saying is that there are probably no less than 20 people here RIGHT NOW who would pay $4 each plus pay shipping. So even if he's at $4 that's still leaving very easy money on the table.

[Tommybee]

Got it. Thanks, guys.

[Rodebaugh]

Yep, TB I would trade you at a rate of 3:1 face.

Boiled down that means I value your 40% Halves at $4.00 each and my 90% halves at $12.00 each.

or, 9.50:2 for ASEs

Thats 19 40% halves for 2 ASEs

Each pays own Shipping. What do you guys think?

[CardsNCoins]

In hindsight my first comment should read - "Anyone that is offering you $3.50 per coin is attempting to rip you off."

That being said....

Rolls of 20 coins on eBay are selling between $90 and $100, so that is $4.50 to $5 per coin, but obviously there are fees associated with eBay and paypal, so $4.00 or $4.25 per coin here where there are no fees is probably equitable.

Not trying to kill Doc's deal, but the best scenario is to find a local coin shop paying a fair price for them which is probably $4.25 to $4.50 per coin. Walk in, walk out, nothing to ship.

Good luck whichever way you decide to go.

[PennyBoy]

Heck, you could probably put them on auction here and get close to 4.50, no fees. I know I'd pay up to 4.25+/-. So let's see here 160 x 4.25 = 680.00. I would do that in a heartbeat.