Buying gold and silver.

[ORCUS DEMENS]

GSM, I echo Rowdie, depending on your debt (high interest such as credit card debit ) this is a good time to reduce that. I also concur with Sweeny and Maddog, since they are coins, some may have greater value than melt. Rarity and condition are the key factors here. I would venture to guess these coins were previously in circulation and not proofs or mint set coins. A quick check at online numistic sites would alert you to any that may be of greater value than melt. Your age and what your succession plans would also be a factor on what to do. 49994 also has a good insight, ask yourself, why did you collect them in the first place.
Or you could just say F&$k tomorrow and take jiffies advice. No one lives forever and you won't be able to use it on the other side.

 

[KDM]

I have been following this thread a bit and watching the numbers climb. What would the advice be to someone who is in possession of about 30-35lbs of pre-1965 US coins and silver bars be?

Give them to your kids. Keeps it in the family and no paperwork for the dumpster licking tax grabbers to see.

 

[Pheasant 54]

Totally agree unless you desperately need the money

 

[Rowdie]

A co-worker friend was telling me about finding a bunch of silver and cash when cleaning out his mother's house before she lost it and went to a nursing home. I wish my parents could have had the ability to save that much, but he is honest and is splitting it with his 4 siblings. His mom didn't even remember filling those old band-aid containers with $100 bills. Just in cash she had $24K. The silver with all the coins and bars, I'd bet it's now over $100K. Now that the price of silver is so high he's contacting siblings about what to do, sell then split or split the silver.

FWIW he took some of it to the coin shop in Biz on Broadway. He had a mercury dime collection with every date and mint, and one of them is worth $800, but the guy there was just gonna give him melt. 100% he knew there was some value in some individual coins. With the internet it's a quick search to know for sure.

 

[Allen]

It was inherited. Ride it out to what end? Also, I have never dealt in metals. Could I just take this somewhere and sell for weight value? There are so many coins I just haven't went through it all to see if there is anything special or if any may be worth more than silver value.

Here's an easy online source for helping you to get an idea if you have anything of real value.

https://www.coinvaluechecker.com/

Basically, I would sort the coins by denomination and then sort them by year to help streamline the process. That should at least get you to the point of knowing what may have collector's value vs scrap silver. Heck, a single 1943 half dollar coin has about $30 in silver at today's prices.

 

[3Roosters]

Trump's policies and rhetoric appear to add some additional fuel to the fire.

Loving it as I bought a good number of ounces in Spring/summer 2023 for less than half that!

 

[Big Iron]

US buys Greenland for a ridiculous sum = dilutes the dollar's value even more

Gold and Silver miners are going to go bizurk after earnings in FEB. Still an opportunity there.

 

[BrokenBackJack]

Back around 15-20 years ago, my brides father passed away. He had many many pounds of old coins and I offered the rest of her family to pay them whatever the coins dollar amount, amounted to. They wouldn't sell them to us and instead just took them to the bank and cashed them in, for face value.
They hated my bride because we made something of ourselves and they were jealous. Still pisses me off to this day but what is gone is gone.

 

[Big Iron]

Silver Miners.....

 

[johnr]

Sterling silver tea set worth anything?

Have an old tarnished set in the closet that I would just as soon turn into a bottle of high end spirits or 2

 

[NDSportsman]

They didn't do it over finance worries they did it over the Greenland issue.

 

[Traxion]

They didn't do it over finance worries they did it over the Greenland issue.

Yes but are our overall actions going to lead to financial worries? That is my concern with other countries shedding our debt.

Metals are shining in this situation, pun intended.

 

[guywhofishes]

Sterling silver tea set worth anything?

Have an old tarnished set in the closet that I would just as soon turn into a bottle of high end spirits or 2

https://pgsgoldandcoin.com/sterling-silver-flatware-worth/

 

[jer79]

Sterling silver tea set worth anything?

Have an old tarnished set in the closet that I would just as soon turn into a bottle of high end spirits or 2

you might want to call and see if they are interested.

also a guy with a shop in minot posted a video about how they're taking a beating buying while the refiners are up to their necks in silver. so the refiners are paying far from spot when they usually just pay a few dollars back. itll be 150? in less than a year from now, and the refiners will be caught up. you'll get more from it if you wait. edit: by the way, bank of America set a price target of 150 about a month ago and recently raised it to 170.

 

[Obi-Wan]

In the cowboy days you could buy a hooker with a piece of silver.
We are in those times again with silver price today !

 

[Hunter58301]

Money Metals Exchange Live Silver Spot Prices​

---

Silver Spot Price	Spot Change
Silver Price per Ounce	$100.04	3.18	3.18 %
Silver Price per Gram	$3.22	0.11	3.18 %
Silver price per kilo	$3,216.36	102.24	3.18 %

 

[49994]

palladium still has 75% to gain just to get back to its all time highs while gold and silver are there currently. we have seen some rotation in the past week from positions at or close to all time highs into undervalued and this will continue as the market turns. the market needs nvda, to continue to move higher. when nvda rolls over the market will as well.

 

[Big Iron]

Silver just broke $100!

 

[Pheasant 54]

Silver just broke $100!

Kind of hoping gold breaks 5K also today . I have been buying both since the 80's my wife would look at me and kind of shake her head , now she is shaking for another reason

 

[Big Iron]

Solid week for the precious metals. Incredible.