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Is collecting silver worth the time?
Posted on 8/1/20 at 9:48 pm
Posted on 8/1/20 at 9:48 pm
I know shite about silver collecting but my father in law collects the crap out of it and has been for yesrs.
10
Posted on 8/1/20 at 9:54 pm to bleedsgarnet
Your pappy-in-law want to pay a dime for some nickels?
Posted on 8/1/20 at 10:09 pm to bleedsgarnet
What’s he collecting it for? What type of silver?
Posted on 8/1/20 at 10:18 pm to bleedsgarnet
How will he liquidate it?
Posted on 8/1/20 at 10:25 pm to AUCE05
Silver has gone up 120% since March.
Posted on 8/1/20 at 10:32 pm to AUCE05
He'll if I know.,from what I gather he has it in a safe and it will be there when he dies..
I was just gonna take a lb of it to a shop and sell it back..I don't know dick about off loading silver.
I was just gonna take a lb of it to a shop and sell it back..I don't know dick about off loading silver.
Posted on 8/1/20 at 10:46 pm to bleedsgarnet
I can possibly put u in touch with a reputable silver dealer. Do not sell right now
This post was edited on 8/1/20 at 10:49 pm
Posted on 8/1/20 at 10:47 pm to bleedsgarnet
I have been buying 1 oz coins bc I can not afford gold lol
I am not sure what I am doing though
I am not sure what I am doing though
This post was edited on 8/1/20 at 10:50 pm
Posted on 8/2/20 at 4:12 am to bleedsgarnet
quote:
I know shite about silver collecting but my father in law collects the crap out of it and has been for yesrs.
Be nice to the man, the crazy old coot is about to be proven right.
Posted on 8/2/20 at 7:14 am to bleedsgarnet
I’ve collected rare silver coins since I was 7 and have quite a collection safely stored in a separate location off my property (I used to live very close to the elderly Gonzales couple who was brutally murdered over their coin collection a few years back and that convinced me to store mine away from home). I am not 100% sure what it’s worth today but it’s significant. I know if I were to have it appraised that I would have no doubt I’d be glad I “invested” in that silver.
Posted on 8/2/20 at 7:16 am to bleedsgarnet
my grandfather owned a grocery store from the 60’s to the 90’s. He left all the grandchildren each a big bag of silver quarters that he’d collected over the decades. Mine weighs about 30 pounds (about 600 dollars in currency) or about 2400 quarters.
I think the conversion is 6 quarters equals a Troy ounce. So my bag is about 400 ounces. One day I might sell it but it has sentimental value to me
I think the conversion is 6 quarters equals a Troy ounce. So my bag is about 400 ounces. One day I might sell it but it has sentimental value to me
Posted on 8/2/20 at 7:31 am to cgrand
quote:
think the conversion is 6 quarters equals a Troy ounce. So my bag is about 400 ounces. One day I might sell it but it has sentimental value to me
5.5, to be exact. Still, at 400 ounces you’ve got quite a collection. Do you have any young children? I know it’s sentimental to you but I’m sure your grandfather would love to have been able to contribute $12,000 to your children’s’ education or simply an account to help with the purchase of their home(s). Selling them probably wouldn’t feel as bad if you give the funds to your children.
Just a thought.
Posted on 8/2/20 at 12:15 pm to TDsngumbo
quote:
I’ve collected rare silver coins since I was 7 and have quite a collection safely stored
So actual silver coins not coins like Kruegerands or is that a round?
Posted on 8/2/20 at 12:59 pm to thelawnwranglers
prior to 1965 us currency in dimes, quarters and half dollars was minted in 90% silver
Posted on 8/2/20 at 1:05 pm to cgrand
as an aside, I do a lot of work for a financial institution that has coinstar machines in their branches. They collect a frickton of silver currency
people just dump it in there not knowing what they have
people just dump it in there not knowing what they have
Posted on 8/2/20 at 1:40 pm to cgrand
quote:
prior to 1965 us currency in dimes, quarters and half dollars was minted in 90% silver
Yeah poorly written was asking if he was collecting those coins
Posted on 8/3/20 at 5:13 am to thelawnwranglers
Metals are up like a MF
Posted on 8/3/20 at 7:21 am to cgrand
quote:
I do a lot of work for a financial institution that has coinstar machines in their branches. They collect a frickton of silver currency
Assuming they know by weight or some automated means be curious how they figure it out
Posted on 8/3/20 at 8:33 am to thelawnwranglers
It's pretty tuff to find 1oz coins for anything close to a reasonable price right now. I've been buying stamped silver serving pieces at garage sales and it is worthwhile. That too will probably dry up.
Posted on 8/3/20 at 11:42 am to cgrand
Whats the easiest way to ID in bulk.
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