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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Hi ho silver!

Hi ho silver!

Scheduled Pinned Locked Moved General Discussion
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  • HoraceH Online
    HoraceH Online
    Horace
    wrote last edited by Horace
    #14

    Face value of a US silver eagle is technically $1, but I think I know what you mean. Like the value when the silver is in coin form. Vs the value of the pure silver. There would probably be at least a 5% difference, maybe 10.

    I suggest finding a reputable and large online dealer and locking in a sale. You just make a call and the deal is finalized, then you ship them your coins and they wire you the money after they receive it.

    Not sure if it makes sense for you to try to find an online place in Canada, but if US is ok, you could use SDBullion.com.

    Education is extremely important.

    1 Reply Last reply
    • B Offline
      B Offline
      blondie
      wrote last edited by
      #15

      Yes, @horace , you are right. Not face value.
      I’m pretty sure these are late 1960s early 1970s dollars. My godfather gave them to me as a kid and he had a bank in Montana. One is a different side facing eagle. I should look them up, weigh them, see what the purity is with these things.

      1 Reply Last reply
      • HoraceH Online
        HoraceH Online
        Horace
        wrote last edited by
        #16

        @blondie Those wouldn't be Eagles then, since they didn't exist in the 60s or 70s. Yeah you should look them up and check their purity.

        Education is extremely important.

        1 Reply Last reply
        • B Offline
          B Offline
          blondie
          wrote last edited by
          #17

          Hmmm. I’ll do this. I need to find the right person to sell to.

          1 Reply Last reply
          • KlausK Offline
            KlausK Offline
            Klaus
            wrote last edited by
            #18

            I bought some gold a couple of years ago when an ounce was well below $2000. I wish I had bought more.

            1 Reply Last reply
            • jon-nycJ Offline
              jon-nycJ Offline
              jon-nyc
              wrote last edited by
              #19

              I bought a bunch under 2k also. I have sold some. Maybe I have 135oz left or something like that.

              The whole reason we call them illegal aliens is because they’re subject to our laws.

              AxtremusA 1 Reply Last reply
              • HoraceH Online
                HoraceH Online
                Horace
                wrote last edited by
                #20

                Silver down 30% today, gold down 10%.

                Education is extremely important.

                89th8 1 Reply Last reply
                • jon-nycJ jon-nyc

                  I bought a bunch under 2k also. I have sold some. Maybe I have 135oz left or something like that.

                  AxtremusA Offline
                  AxtremusA Offline
                  Axtremus
                  wrote last edited by
                  #21

                  @jon-nyc said in Hi ho silver!:

                  I bought a bunch under 2k also. I have sold some. Maybe I have 135oz left or something like that.

                  Just curious ... do you take physical possession or just owning it on paper?

                  1 Reply Last reply
                  • HoraceH Horace

                    Silver down 30% today, gold down 10%.

                    89th8 Offline
                    89th8 Offline
                    89th
                    wrote last edited by
                    #22

                    @Horace said in Hi ho silver!:

                    Silver down 30% today, gold down 10%.

                    You called it!

                    @Horace_t3h_w1se:

                    But silver could so easily crash.

                    1 Reply Last reply
                    • MikM Away
                      MikM Away
                      Mik
                      wrote last edited by
                      #23

                      The real lesson from this selloff is not about direction or valuation. It is about liquidity — and what happens when too much capital tries to exit the same “safe” trades at once.

                      https://www.msn.com/en-us/money/markets/gold-and-silver-s-7-trillion-wipeout-delivers-a-painful-lesson-about-risk/ar-AA1Vm6ZE?cvpid=d671fed88e7747acaa140a4025017f9c

                      "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

                      1 Reply Last reply
                      • jon-nycJ Offline
                        jon-nycJ Offline
                        jon-nyc
                        wrote last edited by jon-nyc
                        #24

                        Seems a little early to write that article. It’s been all over the map. Is anyone really sure gold won’t hit 5500 again this year? Or in February?

                        The whole reason we call them illegal aliens is because they’re subject to our laws.

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