(Topic ID: 286786)

Precious Metals? Gold, Silver, Prospecting and Collecting.

By phil-lee

7 months ago


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  • 41 Pinsiders participating
  • Latest reply 6 hours ago by BeaglePuss
  • Topic is favorited by 17 Pinsiders

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There are 296 posts in this topic. You are on page 6 of 6.
#251 19 days ago

Great thread! I’ve never been an active buyer of precious metals but I’ve always kept any silver I’ve ever come across. I’d like to start diversifying my portfolio and am interested in gold and silver. I have stocks, bonds, bitcoin, etc. and would like to own physical gold and silver. I’ll post a couple pics of some of the silver I’ve come across over the years in a bit.

#252 19 days ago

Phil-Lee where do you buy the walking liberty halves with free shipping over $200? Thanks

#253 19 days ago
Quoted from athenspin:

Phil-Lee where do you buy the walking liberty halves with free shipping over $200? Thanks

Amex offers free shipping for orders over 200.
Haven't bought any Walking Liberty halves yet. Just exploring alternatives to the over-priced Silver Eagle. May get into American 90% more since its recognizable to most people.

#254 18 days ago
Quoted from phil-lee:

Amex offers free shipping for orders over 200.
Haven't bought any Walking Liberty halves yet. Just exploring alternatives to the over-priced Silver Eagle. May get into American 90% more since its recognizable to most people.

Cool, thanks!

#255 18 days ago

One of the things I do for a living is own and operate a small 4 bay self serve car wash. I switched over to accepting tokens only about 5 years ago, it was a great move for a lot of reasons. The thing I really miss about accepting quarters is occasionally finding a silver quarter!!! While dropping coin in the mornings I could hear a silver quarter in the mix from a mile away! Normal quarters make a ting ting ting sound banging against each other, on a lucky morning I’d hear a Tang!!!!!! Obviously the tang sound came from a silver quarter and I’d dig through and find it!! Here’s my collection of the silver quarters I found in the decade I accepted quarters along with some 64 Nickles, dime, Indian head penny and a British nia either from either inside a vacuum or on the ground on the premises. When I clean the vacuums out I also sift the debris and pull out all the coins and whatever other cool things are in the haul. I’ve found plenty of decent rings and bracelets, nothing very valuable though. Also not pictured a freezer bag full of foreign coin.

#256 18 days ago
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#257 18 days ago

Really digging these new stackers

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#258 18 days ago

Hey, each silver quarter is worth $4.25! Great fractional for small transactions if needed in a post-dollar America.

#259 18 days ago

Excellent collection Athen! As times get hard people will dig in to their collections and spend silver, I had to use silver certificates to buy formula and diapers one time long ago.
APMEX is kind of expensive compared to other places but the service and quality is great, thats why I go there. Always look for the guy at a glass case in Flea Markets and Antique Shops.

#260 18 days ago
Quoted from athenspin:

Great thread! I’ve never been an active buyer of precious metals but I’ve always kept any silver I’ve ever come across. I’d like to start diversifying my portfolio and am interested in gold and silver. I have stocks, bonds, bitcoin, etc. and would like to own physical gold and silver. I’ll post a couple pics of some of the silver I’ve come across over the years in a bit.

Post it,we all love precious metals porn.

1 week later
#261 11 days ago

Some people are trying to peg Silver to Copper, a marked change to Silver being the cousin of Gold.
Makes sense, silver is primarily an Industrial metal, a key player for future alternative energy and communication devices.
Except the purity required for efficient electronics is much less than a 4 nines Maple Leaf.
These guys don't want silver to spike, at all. It has to be readily available at a cheap price.
Just like copper.
I don't want to say silver prices will become political. Instead I will say silver, and copper prices have become political.
Gold rises above the fray. It is a Standard by which all other alternative currencies or stores of wealth are compared.
So you pay 450 dollars for gold. Its damn small. Gold is expensive.
The average person isn't going to fill up an old tackle box with it.
So every dollar put in to PM is a dollar taken out of circulation and stored for a future fund.
A lot of people around the World are trying to obtain PM. Hell, anyone with any sense is trying to buy PM.
Joe Six pack in Germany buying so much gold coin recently perked my ears up.
I admire the German people.

#262 9 days ago

I like coins that have that "Klink"
Coins you can handle and play with and look up close without a plastic covering.
Don't like coins stapled in cardboard holders with Misc wrote all over.
Don't really like Proof Sets hermetically sealed in plastic or thick Poly cases.
Do like Proof Coins, ultimate cool.
Basically my future purchases will be coins that I can handle. Don't mind wearing cotton gloves to keep them nice.
The "Mint Direct and First strike eligible" sealed coins are crying out to be freed from their bogus packaging.
Theres really nothing like having a pile of vintage coins to play with.
The tactile experience in many ways drives the current hysteria. Thats a good thing.

#263 8 days ago

A few cool sets

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#264 8 days ago

Really like, especially the George Washington. Thanks for sharing!

#265 7 days ago

How to get deals in Precious Metals
This could turn in to 2 parts, bear with me.
Metal Detecting/Ground Sonar/ River digging and sifting.
Many excellent videos out there, I will just add for the best results think like Gold.
Its heavier than everything else and will settle in cracks.
Research! Contact Owners of obscure properties and search foundations of vanished dwellings.
Gold and Silver reclaim.
Nasty Business but lucrative if you know the Process. Again, several good videos out there on how to reclaim Gold and Silver from electronic components and it will involve chemicals and heat.
Lot Purchase from Estate Sales. Many people luck up.
I was dumping my garbage in a bin at the local County-run Collection Center.
Noticed a desk and then noticed a ceramic coin Bank that was broken.
Coins were spilling out of it. This observation took 2 seconds.
Retrieved 57 Susan B. Anthony dollar coins (shared them with the Girl working that day)
A wad of Paper money (most from Haiti and Northern South America, worthless)
Start accepting Silver and Gold coins as payment for your product.
You would be surprised how quickly your Collection will add up.
Purchase from others.
Let your friends know you are interested in buying their old coins. No need to try and rip them off, be honest.
It will pay dividends in the long term.
No telling what they may present for sale.

#266 7 days ago

Anyone following please do me a favor;
Have a local store you regularly stop in? Maybe one operated by a friend or relative?
Asl them if they would ever take silver or gold as payment.
Just curious. I have identified several local Vendors that would take silver and gold for their services.
May just be a small Town thing, like to know how it is in your area.
Thanks!

#267 7 days ago

Places like the Tennessee State Fair are also great to trade in precious metals. I'll start offering Goldbacks for food probably a year from now. Premiums are way too high at the moment (over 100%) and I would like to see some official state recognition such as a tax exemption for gold and silver. I've heard over $300,000 in Goldbacks have been sold and there is a waiting list for states to have their Goldbacks certified and made. Seems to be taking off.

#268 6 days ago

Friday night meandering thoughts, didn't know a better place to say it.
A lot of talking heads are shouting Prepare!. Still unclear what to prepare for, already have some emergency supplies.
So been rebuilding my truck. Used to joke at work if they seen me driving this wheelbarrow with an engine I was making money. Hauling.
There is untold accumulated wealth sitting around in storage right now.
We have been blessed living during prosperous times most of our lives. The poorest among us still have it better in many ways to medieval Kings.
Old cars? Deals are out there if you can work on them (kinda like EM pinball)
Functional Antiques? The Market is down generally for Antique furniture.
But if its an old item thats still useful, made solid in America, it is valuable.
I'm starting a "I will clean out your shed/need something hauled away?/ -Type local Business.
Basically a sign at the road with a Number and word of mouth.
Need the exercise. Meet a few folks. Make a few contacts.
Lived here since 98 and know very few people.
You may say "Right" but the money is not the main goal.
I love junk. Salvage. It's in my blood.
Seeing true value in cast out items, gleaning (second harvest) another viable albeit shorter life from something deemed near-worthless.
Looking to sell something? Been thinking about it for awhile but it just gets put off?
There is no better time than now.
The "Old" pricing is still here. Inflated prices for trinkets.
When the "New" pricing takes effect it will be quick, and mind blowing.
People will not have as much disposable income (if any)
Until then I'm going to, Like my Pop always said, "Strike while the pans hot"

#269 6 days ago

No kidding! I pulled a John Deere push mower out of the shed from the early 80s that hasn't run in something like 15 years. Gas was drained when it was put away. Started on second pull, and still cuts great! Doesn't miss or burn oil or anything. No carb bowl, it draws straight from the tank. And it still has throttle control!

#270 6 days ago

Joining the club, first purchase got these as I liked the imagery and paid a premium for it. If I decide to start stacking will probably go for Aussie silver as the transport fees are negligible, being in Australia.

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#271 6 days ago
Quoted from Crash:

I've heard over $300,000 in Goldbacks have been sold and there is a waiting list for states to have their Goldbacks certified and made. Seems to be taking off.

Researching these now, so far very interesting concept.

Quoted from Crash:

John Deere push mower out of the shed from the early 80s

Something like that is worth repairing and using, unlike these plastic throw away mowers sold now.

Quoted from PinPatch:

If I decide to start stacking will probably go for Aussie silver as the transport fees are negligible, being in Australia.

Big fan of the Perth Mint offerings, quality 24k gold and 4nine silver. Would bet 100% percent mined in Country. Don't see many Aussie generic silver rounds but wouldn't hesitate to purchase.
Glad you are buying what you like and having fun, thats what its really all about.

#272 5 days ago

Let's look at the Philharmonic Gold from Austria.IMG_2361 (resized).jpg
Usually the lowest cost 24Kt Gold coin that enjoys Country of origin backing offered by the major Dealers.
Why?
There are several great videos from the Mint in Austria. These guys offer old World skill coupled with the highest technology.

So why is it so cheap?
The Design, primarily. Boring unless you share the Music Heritage of Europe and appreciate its importance (I do, Handel and Bach are close friends).
The other detriment could be considered a plus in the near future.
The denomination is in Euros.
So this is a black sheep Gold coin under-appreciated Globally with strictly bullion value?
Right now, yes. The Philharmonik is the perfect high quality,recognizable Gold coin that will redeem spot price with no problems. In certain Regions where 24Kt is demanded a Premium is not out of the question.
Lower initial purchase price, lower premiums,consistent quality.
Wouldn't Euro denomination be desirable should the US currency highly inflate/deflate or fail?
No comment.
IMG_2362 (resized).jpg

I prefer American Gold. So do a lot of people. But the Standard is changing.
People want bullion weight, not collector value speculation.
Not when precious metals are used as a hedge to protect some wealth when all else fails.
The American Gold Eagle premiums are putting it in a Collector price category millions Globally are rebelling against.
The Group that prefers American Gold, both new and Pre-1933, is waning.
The Group that prefers pure Gold for its Gram weight is increasing.

#273 5 days ago

Will be selling some lower grade Walking Liberty and Franklin halves for 10.00 each, and G-VG Standing Liberty quarters for 6.00 each plus shipping. All these coins are 90% silver. PM me if there is any interest. Have other silver coins for sale also, let me know what you are after.

#274 4 days ago

I made my first private party silver purchase today and from the deal I got I may never buy from dealers again. It really opened my eyes. I feel like I've been overpaying.

#275 3 days ago
Quoted from NorCalRealtor:

I feel like I've been overpaying.

No joke. Gold is at 1794 and APMEX has it at 1800+ all day.
Been watching some prices closely for a week and they actually go UP as the spot price goes down.
Thanks for reminding me, going to visit a few Local Coin guys for my next purchase.

#276 3 days ago

Recommendations coming from a variety of Preppers, Financial Gurus etc telling us to put fiat currency in to viable commodities such as Generators, Solar, Guns, Precious Metals, long term storage food, water filters.
Evidently Pinball machines have been identified as a commodity that holds/increases its value.
One of the only reasons I can reach as to the astronomical prices from the recent Banning Auction.
People want to get out of the Dollar and put it into something viable.

#277 3 days ago

Most sites have veteran discounts. Gets you the 100+ price even if you are purchasing only one. Just FYI. Canadian maple leafs are a decent premium and liquidity. IMHO.

#278 3 days ago

Such a great thread. I like it all, old American coins, fresh minted coins, fine silver and gold bullion or bars, gold nuggets, and all the ways to hunt, find or collect it. And other things with gold or silver like antique fountain pens and watches.

#279 3 days ago
Quoted from hiker2099:

Most sites have veteran discounts. Gets you the 100+ price even if you are purchasing only one. Just FYI. Canadian maple leafs are a decent premium and liquidity. IMHO.

You are right, Silver Maples have been affordable. The fractional 1/10 Gold Maples are still too high though.
Thats what I'm shopping for. Love the small Gold.

#280 2 days ago

Be aware if the Online source for your PM purchases keeps a running record.
This is usually under "Account".
If a seizure were to take place they would have your records.
if you have a store of metals (wealth) anonymity is best.
How much? Location?
This is Proprietary information to only be shared among Family.
Eliminate the E-Trail

#281 2 days ago

Government doesn’t know what you do with your gold. You could buy today sell tomorrow. Lol.

#283 2 days ago

How about that guy in Nobody with the gold bars hidden inside his pinball machine. What a boss!

#284 2 days ago
Quoted from NorCalRealtor:

How about that guy in Nobody with the gold bars hidden inside his pinball machine. What a boss!

I just watched that move on a plane a few days ago.
Great flick.

#285 2 days ago
Quoted from hiker2099:

Government doesn’t know what you do with your gold. You could buy today sell tomorrow. Lol.

Thousands of new IRS Agents are being hired.
Every transaction over 600 dollars will be recorded.
Yes, you could have traded or sold your purchase, may need receipts.
The "Lost it in a boating accident" is already taken for 2nd A.
No need to be paranoid, just saying Federal snooping in our sales/purchases will increase dramatically.
Again, with a store of PM anonymity is best.

#286 1 day ago

Good morning everyone. I was hoping to get some advice from the group both in terms of pricing and best means of selling some uncirculated silver eagles. I have tubes of the following years: 1986, 1987, 1988, 1989, 1992, and 1993.

I recently received them as a result of a death in the family, and I have no interest in holding onto them. I have zero experience buying/selling PM, so I’m open to any and all advice. Thanks!

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#287 1 day ago

Hold them... Silver is in a slump. Put them in the closet. Wait for silver to go back around $24.50 and then Call around to all the coin shops. Don't sell to a shop that doesn't at least give you spot.

#288 1 day ago
Quoted from hiker2099:

Hold them... Silver is in a slump. Put them in the closet. Wait for silver to go back around $24.50 and then Call around to all the coin shops. Don't sell to a shop that doesn't at least give you spot.

This is the exact type of advice I was looking for. Many thanks!

#289 1 day ago
Quoted from BeaglePuss:

Good morning everyone. I was hoping to get some advice from the group both in terms of pricing and best means of selling some uncirculated silver eagles. I have tubes of the following years: 1986, 1987, 1988, 1989, 1992, and 1993.
I recently received them as a result of a death in the family, and I have no interest in holding onto them. I have zero experience buying/selling PM, so I’m open to any and all advice. Thanks!
[quoted image]

I like Eagles and am willing to pay a nice premium over spot. Maybe we can work something out. PM sent.

#290 19 hours ago

Price is down on PM? Not really.
Coins I was looking at yesterday and the day before dropped very little or not at all.
Still not a time to buy or sell.
Coins anyway.

#291 17 hours ago

See attached photo. Some of the dates you have are a bit better and have good premiums (namely the 1986 roll).
If these are original mint rolls, they are in high demand.

Quoted from BeaglePuss:

Good morning everyone. I was hoping to get some advice from the group both in terms of pricing and best means of selling some uncirculated silver eagles. I have tubes of the following years: 1986, 1987, 1988, 1989, 1992, and 1993.
I recently received them as a result of a death in the family, and I have no interest in holding onto them. I have zero experience buying/selling PM, so I’m open to any and all advice. Thanks!
[quoted image]

B8E0AA8C-B731-4621-AEB5-869294426139 (resized).jpeg
#292 16 hours ago
Quoted from BeaglePuss:

Good morning everyone. I was hoping to get some advice from the group both in terms of pricing and best means of selling some uncirculated silver eagles. I have tubes of the following years: 1986, 1987, 1988, 1989, 1992, and 1993.
I recently received them as a result of a death in the family, and I have no interest in holding onto them. I have zero experience buying/selling PM, so I’m open to any and all advice. Thanks!
[quoted image]

A couple questions for you regarding your eagles.

1) Are they mint rolls or put together rolls?
I.E. did the person you inherited them from buy them new as rolls?

The reason I ask, is that if they were bought new from the mint or a mint distributor, that means they were not picked though or a put together rolls of grading rejects or mishandled coins.

With eagles there’s a few different markets.
For example raw eagles are raw eagles and there’s a basil price for those.
If they are BU rolls, there’s a price for that that might be higher.
If the rolls are BU from the mint and haven’t been mishandled or a made up roll of grading rejects that did not make the target grade for certification, then your talking another price.
If it’s original rolls there’s a much better premium.
Some might even be worth grading on rolls of vintage eagles like this if they will make the target grade (in most cases MS70) where they will have an even larger premium.
Cheers
Kent

#293 16 hours ago
Quoted from Coindork:

See attached photo. Some of the dates you have are a bit better and have good premiums (namely the 1986 roll).
If these are original mint rolls, they are in high demand.
[quoted image]

Which website has that price chart?

#294 16 hours ago
Quoted from NorCalRealtor:

Which website has that price chart?

Thats grey sheet on eagles with mint packaging which is a different animal, but it shows you which dates have bigger premiums as greysheet doesn’t list rolls.
Here’s the buy sell spread on rolls at the moment, however thing like the 1986 and other early date rolls are better.
354EAA5A-BB84-416E-9F05-B9FC6B315C82 (resized).jpeg

#295 15 hours ago
Quoted from Coindork:

Thats grey sheet on eagles with mint packaging which is a different animal, but it shows you which dates have bigger premiums as greysheet doesn’t list rolls.
Here’s the buy sell spread on rolls at the moment, however thing like the 1986 and other early date rolls are better.
[quoted image]

Oh. Gotcha. Sealed rolls price chart. No wonder the higher figures.

#296 6 hours ago
Quoted from Coindork:

A couple questions for you regarding your eagles.
1) Are they mint rolls or put together rolls?
I.E. did the person you inherited them from buy them new as rolls?
The reason I ask, is that if they were bought new from the mint or a mint distributor, that means they were not picked though or a put together rolls of grading rejects or mishandled coins.
With eagles there’s a few different markets.
For example raw eagles are raw eagles and there’s a basil price for those.
If they are BU rolls, there’s a price for that that might be higher.
If the rolls are BU from the mint and haven’t been mishandled or a made up roll of grading rejects that did not make the target grade for certification, then your talking another price.
If it’s original rolls there’s a much better premium.
Some might even be worth grading on rolls of vintage eagles like this if they will make the target grade (in most cases MS70) where they will have an even larger premium.
Cheers
Kent

Hi Kent, thanks for the thorough reply. All rolls are mint rolls and have not been picked through or pieced together. The rolls were all purchased new. While the rolls have not been handled (or even removed from the case at all), the tubes have been opened. As a result, I can see some signs of tarnishing on the on the sides of some of the coins through the tubes. I would assume this is a result of the tubes not being air-tight.

Would it be worth grading individual coins, or would I be looking to grade the rolls in their entirety?

Again, I really appreciate the reply and apologize for my ignorance.

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