Tips from MT Coin Collectors - Page 8 - TigerDroppings.com

Posted byMessage
Lsut81
USA Fan
Member since Jun 2005
64559 posts
 Online 

re: Tips from MT Coin Collectors


quote:

The CC mint was only open for 23 years. When the silver mines around Carson City were depleted, the mint closed.

The New Orleans mint operated for about 46 years, both before and after the Civil War after taking a break for the war and reconstruction.



And there you go






Back to top
  Replies (0)
HeadyMurphey
LSU Fan
Los Santos
Member since Jan 2008
15783 posts

re: Tips from MT Coin Collectors


Says it is built in.





Back to top
Lsut81
USA Fan
Member since Jun 2005
64559 posts
 Online 

re: Tips from MT Coin Collectors


quote:

Says it is built in.


Yeah, saw that...

I still think I am going to order some silver bars from Silvertowne....

All the reviews I have read are good and with how much I plan on ordering at a time, I will save $3-4 an ounce due to their prices and shipping.






Back to top
  Replies (0)
RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1619 posts

re: Tips from MT Coin Collectors


quote:

The one that I linked from Campbell Yard Sales? If so and you want it, let me know if he will not ship it to you and I will buy it and ship it to you.


Ah I am referring to a seller on Craigslist. They are so far no response. I'm going to pass on Campbell Yard Sales, thanks though.

You should definitely do a little research on the history of U.S. minting sites. The stories are fairly entertaining and interesting for that matter.






Back to top
  Replies (0)
drewnbrla
LSU Fan
The Dark Side of the Moon
Member since Mar 2011
3943 posts

re: Tips from MT Coin Collectors


quote:

Well there is a person selling 4 sets between 1994-1996 looking for best offer. This LINK gives an accurate description of what I am referring too. It looks similar to yours. I have contacted the seller and awaiting to hear back.



Honestly, I think that's a waste of time and money for the price. $105 for 3 90%silver coins (dime, quarter, half dollar)? You could buy two Silver Eagle proofs for that price and have two ounces of bullion in the process. Just my $.02. But if you are doing it merely for the collecting aspect, by all means. Proofs are proofs. I just wouldn't spend that much for that little silver but then again my investing purpose is not totally geared towards collecting for collecting's sake but rather quality and content.






Back to top
RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1619 posts

re: Tips from MT Coin Collectors


The seller I was looking at was on Craigslist and they said they would take best offer. So I don't know what I could bargain the price at with them, though I would not pay $105 for 5 1994 coins. As the seller has yet to contact me back it appears this effort will be for nil.

Question about your Silver eagles, did you purchase those through the mint or have you did you buy those through a different route? I acquired a 1987 silver eagle this past weekend from a collection my late grandmother put together. I had no interest in those until I acquired one.






Back to top
OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3652 posts

re: Tips from MT Coin Collectors


Another Silver Eagle question...

How come they (APMEX) sell them Uncirculated around $35. LINK

Then they sell them certified and rated for around $40 and higher. LINK

It seems like the Uncirculated would be worth more. What am I missing?

And I just used 2007 as my example because that was the latest year they had in stock in both. But even random year of their choosing on rated ones, the price is ~$40.






Back to top
Lsut81
USA Fan
Member since Jun 2005
64559 posts
 Online 

re: Tips from MT Coin Collectors


Question about Silver buying...

If I was just going to purchase silver bars to compliment my allotment of pre-1964 coins, is it better to purchase 1oz, 5oz, or 10oz bars

Or would it be better do own a little bit of each?

TIA






Back to top
OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3652 posts

re: Tips from MT Coin Collectors


quote:

Lsut81


Good question. First, let me say I am one of the question askers in this thread, so take my opinion for what it is.

Secondly, I only give myself $100-$150 month to spend, so 10 oz. bars are out of my equation from the start. Sure, it would be cool to own a couple of them.

My approach has always been to get a round and bar each buy, both an ounce each. Recently I have started dabbling in older coins, Morgans, and I bought a roll of war nickels. So my approach has been changed slightly.

My goal from here til the end of the year is to purchase a Silver Eagle and a bar, until I reach (20) 1 oz. bars. I would like to try to acquire an Eagle from each year dating back, starting with the 2012 I purchased last month. Of course, I will probably jump forward to get the 2013 next month then start dating back. Then use the extra money each month to acquire some Morgans, Peace, etc. from my recently discovered local coin shop.

Next year, I will reassess and go from there.

So, all that said and not a single answer to your question.






Back to top
drewnbrla
LSU Fan
The Dark Side of the Moon
Member since Mar 2011
3943 posts

re: Tips from MT Coin Collectors


quote:

Question about your Silver eagles, did you purchase those through the mint or have you did you buy those through a different route? I acquired a 1987 silver eagle this past weekend from a collection my late grandmother put together. I had no interest in those until I acquired one.


I try to stay away from coin stores with accounts with the US mint due to the fact they charge higher premiums on eagles than others who don't. I've only bought one eagle from Louisiana gold and coin off of Sherwood blvd. I purchased a 20 coin roll of 2011 ASE's off of eBay for $740 and the others I bought from my buddy who runs a gold and silver shop in South Carolina at spot.

Here's a link to the US Mint to see what dealers around the US have accounts with the mint
Dealer lookup






Back to top
  Replies (0)
Lsut81
USA Fan
Member since Jun 2005
64559 posts
 Online 

re: Tips from MT Coin Collectors


quote:

Secondly, I only give myself $100-$150 month to spend, so 10 oz. bars are out of my equation from the start. Sure, it would be cool to own a couple of them.


I'm waiting for Silver to his $30/oz and I'm gonna buy a 5oz bar and 3 1oz bars....






Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81133 posts

re: Tips from MT Coin Collectors


quote:

I'm waiting for Silver to his $30/oz

It's trading at $30.15 right now.






Back to top
Lsut81
USA Fan
Member since Jun 2005
64559 posts
 Online 

re: Tips from MT Coin Collectors


quote:

It's trading at $30.15 right now.


Yeah, been watching it go down all morning... Hoping to buy at 32.50/oz, so it would need to be at 30 for that to happen.

I'm in no rush, unless 30.15 + 2.50 upcharge is a still a great deal???






Back to top
LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
21161 posts
 Online 

re: Tips from MT Coin Collectors


Who cares about the spot price..the consumer sell market for silver imo is eBay. As long as you are getting lower prices than the average equivalent product on there, you are paying below market price.





Back to top
Lsut81
USA Fan
Member since Jun 2005
64559 posts
 Online 

re: Tips from MT Coin Collectors


quote:

Who cares about the spot price..the consumer sell market for silver imo is eBay


I noticed that the other night... There was a 1oz bar for $38 on ebay with a ton of bids, but when I went to the website of the bar maker, they were selling the same bar with free shipping for $33

I felt like I was taking crazy pills






Back to top
LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
21161 posts
 Online 

re: Tips from MT Coin Collectors


Right, eBay inflates the market by probably 5 percent of the spot price at minimum. Tonight I'll run some numbers and let you know. Too bad eBay has kind of high seller fees; otherwise there could be an arbitrage opportunity.





Back to top
Lsut81
USA Fan
Member since Jun 2005
64559 posts
 Online 

re: Tips from MT Coin Collectors


quote:

Right, eBay inflates the market by probably 5 percent of the spot price at minimum.


So silver at $33/oz with free shipping is a deal right now?






Back to top
LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
21161 posts
 Online 

re: Tips from MT Coin Collectors


For bars, it's a decent price.

This may help:

eBay Completed and Sold Listings






Back to top
Lsut81
USA Fan
Member since Jun 2005
64559 posts
 Online 

re: Tips from MT Coin Collectors


quote:

For bars, it's a decent price.


I like the PAMP stuff... Any reason why those are so much more than others?

I see the usual bars anywhere from $32-40, but the PAMP bars are always in the $48-60 range






Back to top
LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
21161 posts
 Online 

re: Tips from MT Coin Collectors


From a bit of research, it is because of the brand name.

"The numbered/sealed/certificated packaging of these bars are a more attractive product than raw Silver bars.."






Back to top


Back to top