Did I make a good purchase?

[Kiros32]

So I decided to use some of my found clad and some rolls of memorials I have, to buy some coins. I found an auction on ebay and though I think I made a decent buy, I want you coin experts with better knowledge to reconfirm that. The coin lot included:

1921 Morgan Dollar
1942-s Walker
1957-d Washington Quarter
1943-p War Nickel
1905 Barber Dime
1913 Barber Dime
1943 Merc
1945 Merc
1957 Roosevelt (picture appears nearly AU)

Here is the link to the auction is you have any questions on condition. Oh, and I paid $28.00 including shipping. So was it a good purchase? Thanks for your help!

http://cgi.ebay.com/ws/eBayISAPI.dl...MEWN:IT&viewitem=&item=280112045654&rd=1&rd=1

 

Amazon Forum Fav 👍

Cry Of The Eagle: History And Legends Of The Cherokee Indians And Their Buried Treasure - Grab it through Amazon!

[djui5]

Yeah, not so bad

 

[tw656]

I agree, you did OK!

 

[ivan salis]

not bad --think you did ok.

 

[fiatboy]

Not great, but I wouldn't worry. In the long run, you'll easily come out on top. And let's be honest, isn't it nice simply having the coins? No worries.

 

[Zym]

Depends on if they have a numismatic value or not. For actual melt value you paid a bit much. You can pick up US 90% junk coins for under spot including shipping (EDITED TO ADD: "on Ebay") if you watch carefully and don't get caught up in a bidding war. Best deals are on rolls of pre 65 dimes and quarters. You'll pay a little premium on .50 and Morgans. No worries though, even at 12.75/Toz IMHO silver is cheep if you look at the GSR which is 51.25 (gold to silver ratio, historically has been around 20 to 1, i.e. it takes 20 oz silver to = the value of 1 oz gold). I'll keep adding silver to my portfolio until at least $20/oz. I look at anything else as a buy opportunity. Right now silver is worth around 9x face value. At somewhere around 13.86/Toz (I forget exactly) it's 10x face value. Some feel theres a lot of manipulation in the silver market going on to keep the price low, and at some time in the next few years it won't be able to continue. It's a pretty complicated topic, but holding physical is a good position to be in. Google Ted Butler if the topic interests you.
To find out exactly how much you silver coins are worth at current prices (not including numismatic value) check this link out: http://www.coinflation.com/coins/silver_coin_calculator.html I use it before bidding on anything on E-bay. I make sure to add the shipping costs in to my bid, and add 5% which is what my local bullion brick and mortar dealer charges on top of spot. If it's under what I pay locally (including shipping) I bid. Not a cent more.

Just my humble opinion... Do your own due diligence... I am not licensed to give out market opinions... Contents may settle during shipping... Objects may be closer than they appear in mirror.. etc. etc.

For current spot prices, charts, and discussion on PM's check out www.kitco.com some knowledgeable guys there (and a few idiots )

I am no way affiliated with either web sites I mentioned, just tools I use, if this violates any board rules please feel free to pull my post.

 

[blurr]

I think you did O.K. You bought about $22.12 worth of silver according to this website: http://www.coinflation.com/

If you paid $28.00 including shipping, you probably paid the spot price for silver that day. As far as buying silver coins under the spot price, there definitely aren't any coin dealers I know of that would do that. I suppose if you bought it from someone who doesn't know what they have maybe. That wouldn't be very nice though, would it?

John

 

[Zym]

I think you did O.K. You bought about $22.12 worth of silver according to this website: http://www.coinflation.com/

If you paid $28.00 including shipping, you probably paid the spot price for silver that day. As far as buying silver coins under the spot price, there definitely aren't any coin dealers I know of that would do that. I suppose if you bought it from someone who doesn't know what they have maybe. That wouldn't be very nice though, would it?

John

Opps, I edited my post to add "on ebay" my local metals guy charge spot + 5%

 

[blurr]

I think you did O.K. You bought about $22.12 worth of silver according to this website: http://www.coinflation.com/

If you paid $28.00 including shipping, you probably paid the spot price for silver that day. As far as buying silver coins under the spot price, there definitely aren't any coin dealers I know of that would do that. I suppose if you bought it from someone who doesn't know what they have maybe. That wouldn't be very nice though, would it?

John

Opps, I edited my post to add "on ebay" my local metals guy charge spot + 5%

No problem here, I was just wondering where I could buy "cheap" silver. E-bay isn't my thing though.

John

 

[Siegfried Schlagrule]

No problem here, I was just wondering where I could buy "cheap" silver. E-bay isn't my thing though.

John
[/quote]

You can't buy silver cheaper than face value and you do that by searching rolls. That is a slow process. Faster would be to buy small to large lots of already found silver.
There are frequently bargains in silver canada coins. Learn the dates so that you don't pay for .800 fine and get .500 fine. For barter, appreciation and melting they are the easiest and cheapest way to accumulate silver. They trade extremely well for things you want. In the very rare cases where someone "don't want them damn furrin coins" I offer cash at a discount or US silver at a deeper discount to the asking price.
Mixed lots of foriegn silver sold in bulk with the asw calculated for you may be a bargain BUT you either need to know how to calculate that information or have a lot of trust in the seller. None of them allow you any credit for the cost of turning that silver into bullion and that is what you'll need to do. These lots yield the highest profit by trading the individual coins for US or canada silver. That can be a time consuming process.
Tarnished vanity rounds and bars are also sometimes available at pawn shops without the premium added. That's an instant profit if you take them to a guy who gives and asks a premium on .999. All of these style lots show up in coin shops and pawn shops. exanimo, siegfried schlagrule