Gold bug / silver bug / numismatic / metals thread

[Pimphand 5732]

3 hours ago, 3adays said:

I have a bunch of these I need to sell in Austin. Any recommendations and what should I expect? Spot price of silver? 

 

Depends on if they are sets and what the mintages are but usually they are anywhere from $200-$350 per coin.  I would take them over to Capital Coin & Bullion on Burnet and talk to Chase or Mel.  You might also want to call into APMEX or SD Bullion and find out how much they will give you too just with them you will have to deal with the hassle of shipping and won't get paid until the shipment arrives and is processed.

Edited January 3 by Pimphand

[Pimphand 5732]

https://sdbullion.com/silver/america-the-beautiful-5-oz-silver-coins

[RDCanecutter 26378]

Provident Metals offering $123 each for random years.

https://www.providentmetals.com/atb-5-oz-silver-coin.html

Maybe some years go for way more than that for collectors. They charge more for 2012 Hawaii and some others:

https://www.providentmetals.com/silver/america-the-beautiful-coins/all-america-the-beautiful-coins.html

[3adays 454]

20 hours ago, Pimphand said:

Depends on if they are sets and what the mintages are but usually they are anywhere from $200-$350 per coin.  I would take them over to Capital Coin & Bullion on Burnet and talk to Chase or Mel.  You might also want to call into APMEX or SD Bullion and find out how much they will give you too just with them you will have to deal with the hassle of shipping and won't get paid until the shipment arrives and is processed.

Thank you! I stopped by there last Friday, but they were closed for the holiday. After that I stopped in McBride’s but she wasn’t wanting to buy in the volume I have (something about end of year taxes?) and told me to come back in January. I’ll go back to Capital this week and see what they think. 

[Pimphand 5732]

31 minutes ago, 3adays said:

Thank you! I stopped by there last Friday, but they were closed for the holiday. After that I stopped in McBride’s but she wasn’t wanting to buy in the volume I have (something about end of year taxes?) and told me to come back in January. I’ll go back to Capital this week and see what they think. 

Yeah they always close the week between Christmas and New Year but they were there yesterday as I stocked up on silver dollars.

[gsoda3 3245]

USGoldBureau.com is selling a $50 Gold Buffalo PROOF coin for $2,085 (if you pay via bank draft) or $2,172 (if you pay by CC).  It's a proof coin, so the premium over spot price is usually about 20%.  For comparison, the actual US Mint website has this coin for $2,940.  USGoldBureau.com is a third-party retailer not associated with the US Mint, but the US Mint sells them proof and collectible sets which they turn around and unload to the public.  They're based in Texas so there's no sales tax on transactions.  

 

I think what's happening is USGoldBureau is using this coin as a loss-leader to generate leads.  After you make the purchase you have to call in to "confirm" your order and they'll probably put a high-pressure sales pitch on you.  Just say no though and you're fine.  I got lucky and the rep didn't give me a pitch at all.  

[RDCanecutter 26378]

I guess they figure if you've just bought an ounce of gold, you are very receptive to future offers. Or they make their money selling your info to all the gold dealers. These are the leads. The new Glen Gary leads. Mitch and Morty paid good money for these leads.

Doesn't matter. Got gold.

[bernorange 8359]

I have bought "too good to be true first time customer deals" from dealers like this before.  They will pester you with phone calls (and snail mail) for a few months afterwards.  It's a minor inconvenience.

[RDCanecutter 26378]

4 hours ago, bernorange said:

I have bought "too good to be true first time customer deals" from dealers like this before.  They will pester you with phone calls (and snail mail) for a few months afterwards.  It's a minor inconvenience.

I had some guy spamming me that I didn't even buy from. "RD, have you heard what Mike Maloney said today about gold?"

Me: No, but I'm gonna take a guess and say he said to buy more of whatever you sell.

[Not that Bob 735]

I looked briefly and didn't see anything on this. I like metals just because I think they are fun. Fun to look at. Fun to hold. Just fun to have. My dad got me started, but his reason was "for when the commies take over". I think we all talk about the "security" that owning metals provides, but I never see how that would work. How do you envision using your metals? The girl at the checkout at HEB doesn't give a shit. Of course the HEB would have to actually be open. The gas station attendant, he won't fill my tank for gold or silver. Maybe you could find someone who would trade guns for metal, but you can't eat guns.

Question is, and this is an honest question because I don't know and I would like the education.  What will you try to do with metals...when the commies take over, or the Ruskies, or the Chinese, or the zombies?

[CleverNickname 1308]

I'm not much of a pepper these days. But I think if you read about life under the Siege of Sarajevo and similar shitty situations, a little precious metal was better than nothing. But yeah, the sum total of my silver is just a fraction of a percent of my savings. But it looks pretty. 

[RDCanecutter 26378]

2 hours ago, Not that Bob said:

What will you try to do with metals...when the commies take over, or the Ruskies, or the Chinese, or the zombies?

Hide them, so that I don't get my head chopped off.

Now, if the Commies just took over for a few years, or a Nuevo Pancho Villa rolled through for a while, printing his own money, metal would be nice to have once law and order has been reestablished.

Really, if I were worried about Commie Russian Zombies, I'd have a hand-pumped well and a basement full of pickled vegetables.

[Superhero 8827]

I admit to selling 200+ oz of silver yesterday - eagles, philharmonics, Indians, bars and a bag of walking liberties. I took a hit compared to what I paid for it, but it's been on my mind to liquidate part of my silver position and buy something more portable - so I turned around and bought 2 gold maples (their gold price made up for some of the loss I took selling the silver).

I was surprised how nonchalant they were about the whole transaction. They counted the 90% silver, opened up 1 tube, and just trusted what I said was in the other tubes.

I have another batch of eagles, rounds and bars that I’m planning to swap for more gold. But don’t despair, I’m still keeping a few hundred ounces of the white shiny.

 

Random thought… buying all different forms of silver or gold was fun at the time. but if I could do it again, I’d buy just 1-2 types. All future gold purchase will gold maples (best looking bullion IMO) and sovereigns.

[bernorange 8359]

Now we will find out if @Superhero is the @Wally Fairway of the physical gold/silver market.

[Superhero 8827]

6 hours ago, bernorange said:

Now we will find out if @Superhero is the @Wally Fairway of the physical gold/silver market.

Who is Wally Fairway and what did he do to be unjustly compared to me?

I do my own stupid. 

[bernorange 8359]

1 hour ago, Superhero said:

Who is Wally Fairway and what did he do to be unjustly compared to me?

I do my own stupid. 

He's a god damned legend (in the markets falling like whoa thread).

[Superhero 8827]

If I had taken the money I spent on PM, and bought the stocks I bought and own, I'd be up over 1,000%. So I probably won't regret selling some PM to buy for more stock.*

 

*Past performance is not indicative of future results.

[Wally Fairway 5539]

On 1/14/2024 at 11:01 PM, bernorange said:

He's a god damned idiot (in the markets falling like whoa thread).

fify

[gsoda3 3245]

On 1/14/2024 at 10:52 AM, Superhero said:

I admit to selling 200+ oz of silver yesterday - eagles, philharmonics, Indians, bars and a bag of walking liberties. I took a hit compared to what I paid for it, but it's been on my mind to liquidate part of my silver position and buy something more portable - so I turned around and bought 2 gold maples (their gold price made up for some of the loss I took selling the silver).

I was surprised how nonchalant they were about the whole transaction. They counted the 90% silver, opened up 1 tube, and just trusted what I said was in the other tubes.

I have another batch of eagles, rounds and bars that I’m planning to swap for more gold. But don’t despair, I’m still keeping a few hundred ounces of the white shiny.

 

Random thought… buying all different forms of silver or gold was fun at the time. but if I could do it again, I’d buy just 1-2 types. All future gold purchase will gold maples (best looking bullion IMO) and sovereigns.

costco was selling maples for $2080 last week.  if you used their credit card and got the 4% discount you're paying under spot for it.  i got distracted and didn't remember until it was too late and they were sold out.

[Dendox 102]

On 1/16/2024 at 1:50 PM, gsoda3 said:

costco was selling maples for $2080 last week.  if you used their credit card and got the 4% discount you're paying under spot for it.  i got distracted and didn't remember until it was too late and they were sold out.

is there a way to got notified from some site when shit like this pops up?

 

[Dendox 102]

just did a slickeals alert. will see if it works

 

[gsoda3 3245]

23 hours ago, Dendox said:

just did a slickeals alert. will see if it works

 

that's probably the best way. 

[RDCanecutter 26378]

Today I delivered some art to a coin dealer and got paid in gold. 15 pesos for this job. But on Instagram I forgot to mention that they were gold pesos, and may have implied that I sold the artwork for the coins in this photo:

[Pimphand 5732]

Whatever you do take the utmost caution boating around the Puerto Rican trench with precious metals, guns, & ammo. You are bound to have a boating accident every time #rip

[Pimphand 5732]

It's showtime.... Next Wednesday (month close) will be the big tell but if you've ever seen a bigger cup and handle pattern then please show your work

[Pimphand 5732]

[bernorange 8359]

So Ted Butler is finally going to be right?

[Pimphand 5732]

1 hour ago, bernorange said:

So Ted Butler is finally going to be right?

I mean the fundamentals are on silver's side I just think the hyperbolic players didn't realize the timeline.

[Superhero 8827]

On 1/20/2024 at 9:37 PM, Pimphand said:

Whatever you do take the utmost caution boating around the Puerto Rican trench with precious metals, guns, & ammo. You are bound to have a boating accident every time #rip

What kind of coins are those? Benjamin Franklins?

 

Looking through my remaining stash, the in the order of good looks, the Libertads take the cake, followed by Fuji Takis, Maples, then Silver Eagles. The Philharmonics are ugly.

[Pimphand 5732]

1 minute ago, Superhero said:

What kind of coins are those? Benjamin Franklins?

 

Looking through my remaining stash, the in the order of good looks, the Libertads take the cake, followed by Fuji Takis, Maples, then Silver Eagles. The Philharmonics are ugly.

https://en.wikipedia.org/wiki/Franklin_half_dollar

[RDCanecutter 26378]

Yeah, I love some half-dollars. Dude down the road used to sell them at the same rate as other 90%, and I'd grub up as many as I could. Just a good clunk of a coin, and historically way more common than silver dollars which mostly sat in vaults.

Have a vague late-60s childhood memory of being given a half-dollar that was "special" and "don't spend it," which meant I instantly sprinted with it to Mr. Griffin's store to spend it on candy and comic books. Mr. Griffin scoped it out (I'm guessing it was a Franklin) and held it back for my Mom to redeem with lesser cash, I think she was pissed off that I blew money as fast as I got it.

Whatever coin it was, I was relieved of its ownership. Not sure I ever saw it again.

[RDCanecutter 26378]

Fun money ready to use, got a yen for silver. Threw some generic ounces in my cart at an online dealer, then thought maybe I'd just see how much cash I pulled in in a week at a show, spend that locally. Abandoned the cart.

Leaving it that way for a couple days to see if I get one of those legendary Abandoned Cart promotions.

[bernorange 8359]

JMBullion is selling a tube of 10oz rounds at spot:

https://www.jmbullion.com/starter-pack/?source=pmbug.com

[RDCanecutter 26378]

21 hours ago, bernorange said:

JMBullion is selling a tube of 10oz rounds at spot:

https://www.jmbullion.com/starter-pack/?source=pmbug.com

Nice catch. I was planning on buying 8 ounces, but for the price of one more ounce I can get two extra with this deal.

Now we wait while the brass gears turn at my bank to hook up to pay eCheck. Maybe the deal will still be available when I can do that. Maybe it'll be cheaper.

[Pimphand 5732]

[Pimphand 5732]

These are my favorites.... I've committed to buying every release while I can..

https://sdbullion.com/shop-commander-coin-series

[Superhero 8827]

Is it coin or bullion?

[Superhero 8827]

On 1/30/2024 at 3:22 PM, Pimphand said:

https://en.wikipedia.org/wiki/Franklin_half_dollar

I have a $100 face value bag of Franklins. I'm planning to keep it, maples and libertads. All other silver will be exchanged for gold (or more Apple stock).

[RDCanecutter 26378]

42 minutes ago, Superhero said:

Is it coin or bullion?

Technically those are bullion rounds, because they aren't legal tender issued by a government (unless I'm wrong.)[I'm wrong. They are Liberian. Thanks @Pimphand]

If you want a Napoleon coin, the man himself had some minted. I was roaming around Youtube at metals stacking in Europe, supposedly every French family has a few of these socked away. "Every" meaning "some," I imagine.

 

Edited February 2 by RDCanecutter

[Pimphand 5732]

1 minute ago, Superhero said:

I have a $100 face value bag of Franklins. I'm planning to keep it, maples and libertads. All other silver will be exchanged for gold (or more Apple stock).

At some point the gold silver ratio will catch back up to it's more historical norms but since 1980 gold has definitely been the way better investment.

8 minutes ago, Superhero said:

Is it coin or bullion?

I have over $1,000 face in half dollars like $350 of it are Franklins, $500 are walkers, and $150 in kennedys technically both coin & bullion but none of them are rare as far as I know.  I'm more into old 90% coins for their fractional silver content and that they were historically already used as legal tender and universally recognied.

In the shit hits the fan need to barter world I will definitely have to tell people "any coin minted before 1965 that is a dime, quarter, or half-dollar were made of 90% silver and each $1 face contains .715 ozt silver on average" but I would imagine that will come in handy at the farmers market.  I fully realize at my age and with my leg you either need to have a skill people need, resources people need, or money to exchange and I definitely fit into that latter camp.

[Pimphand 5732]

2 minutes ago, RDCanecutter said:

Technically those are bullion rounds, because they aren't legal tender issued by a government (unless I'm wrong.)

If you want a Napoleon coin, the man himself had some minted. I was roaming around Youtube at metals stacking in Europe, supposedly every French family has a few of these socked away. "Every" meaning "some," I imagine.

 

Liberia... https://www.scottsdalemint.com/product/2024-liberia-commander-series-napoleon-bonaparte-bust-1-troy-oz-9999-gold-coin/

[RDCanecutter 26378]

7 minutes ago, Superhero said:

I have a $100 face value bag of Franklins. I'm planning to keep it, maples and libertads. All other silver will be exchanged for gold (or more Apple stock).

I have some weird silver stuff that I think is cool, and I got at an OK price back when, but it might be a drag on whoever inherits it and doesn't know how to get good money for it. I might simplify, or fuck it, let em figure it out. My wife knows what's what, my son knows not to go to a pawn shop but I think he's decided it's a life-threatening treasure that he'd have to bury to keep safe. As if.

I have introduced him to various dealers, like, "This is where you come."

[Superhero 8827]

Anyone understand why the premiums on these are so high? $3 higher than a silver eagle.

[Pimphand 5732]

32 minutes ago, RDCanecutter said:

Technically those are bullion rounds, because they aren't legal tender issued by a government (unless I'm wrong.)[I'm wrong. They are Liberian. Thanks @Pimphand]

If you want a Napoleon coin, the man himself had some minted. I was roaming around Youtube at metals stacking in Europe, supposedly every French family has a few of these socked away. "Every" meaning "some," I imagine.

 

Yeah the two "Napoleon" coins I have are of Napoleon III not I (both 20 franc pieces 1860 & 1869 respectively)

8 minutes ago, Superhero said:

Anyone understand why the premiums on these are so high? $3 higher than a silver eagle.

Mexico mints FAR fewer Libertads than the US does Eagles.

[RDCanecutter 26378]

12 minutes ago, Superhero said:

Anyone understand why the premiums on these are so high? $3 higher than a silver eagle.

I would say look around, but the ones I saw locally also had stupid premiums.

I seriously doubt you'd get much of that premium back at sell time.

 

[RDCanecutter 26378]

It's taking forever for my bank to hook up with JMBullion to do eChecks.

It's Nature's Way of telling me I should just go to the art show Friday night, sell with a Glen Garry Glen Ross carnivore edge, then take actual cash money to a real coin store and buy whatever silver I can snatch up in my crusty paws.

[Pimphand 5732]

Doomberg in the house!

 

 

[Pimphand 5732]

Aggy dimes in the house!

[RDCanecutter 26378]

12 hours ago, Pimphand said:

Aggy dimes in the house!

Make up some story about how Uncle Cletus of the Corps carried these dimes in his pocket as good luck charms during the 1939 season, maybe you can get Jimbo Buy-Out Money for them.

[Pimphand 5732]