I just earned gold via CRH!

[Dok Holliday]

I didn't find gold, yet! But I did earn it!

I agree with everyone on this forum that says you get the most value out of your CRH silver by using it for the final transaction. E.G. If you are saving silver for the zombie apocalypse like me, save your 40% silver halves until you need to buy food and ammo with it. I fully intended to do that…until I ran out of vault space.

40% Half Dollars aren’t that value dense, compared to .900 coin silver, .999 fine silver, and especially 22kt crown gold. Since I need vault space, I set out on a quest to post a CraigsList add to find someone in my area that would allow me to trade up with them and profit a bit of silver. They’d get some extra 40% halves if I could turn my supply into something more value dense. 90% coins, ASEs, or fractional AGEs.

As with many of us silverbugs, we’re all looking for a good deal. I, personally, wouldn’t pay close to spot for 40% coins. Why would any other silver bug? I couldn’t even find someone to pay the cash amount that ProvidentMetals was willing to pay. Since a faceless website was offering me the best deal, I went with them.

Yesterday I sold 100 silver half dollars to ProvidentMetals for $4.51 each. At the same time I executed a trade. For my $451 half dollars they will send me a pair of 1/10[SUP]th[/SUP] ozt American Gold Eagles, random years, and a check for ~US$70. I want to buy the parts to build an AR-15 rifle, and since my wife thinks this is my latest “hobby” (she lumps in building guns with winemaking and CRH) she won’t let me use the ample amounts of fiat currency we have in shared accounts, and she’s making me “scrap” for the ~$600 I’ll need for the parts. I’ll have to sell my spare computer parts and other things I don’t use anymore, or do some 1099 work, if I want to build the gun. She thinks that by making me work for the money I need, I’ll lose interest if I’m not really interested or do it anyway and conjure value out of nothing in the process. She’s a professional accountant, that’s how those people think, I guess… I’m using the $70 to buy a stripped lower to start my rifle off.

Even though I’m not using my CRH silver for the intended purpose, I feel I got a good deal. For the $83 and time I had invested in those 100 40% half dollars I’m getting $70 cash and a pair of 1/10[SUP]th[/SUP] ozt AGEs for $13. I think that’s a pretty good deal! Could I have done better with it if I kept it and used it for the final purpose? Yes. Would I have had to buy a second vault box to store it in? Yes. Would that have been a waste of fiat? Yes. Could I have used that wated fiat to buy metal instead? Yes. Therefore, I dense up my precious metal hoard, have enough money to buy a gun part, and stay in precious metals all at the same time. Win-Win for Dok Holliday!

When all is said and done I’ll have my 90% dimes that I can melt down into .223 bullets and fire from my AR-15 to kill the zombies, and I’ll have a bunch of 1/10[SUP]th[/SUP] ozt American Gold eagles that I can put in a pill bottle and hide in my kiester like dad’s watch when I’m roaming the countryside hunting zombies.

Joking about the coming zombie war aside, how many of you save your 40% CRH half dollars and could never see them let go? How many trade up like me? What do you trade up into, and why?

 

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[kontrapunktus1750]

I'm keeping the 40%ers but wouldn't hesitate to trade up if the terms were favorable. In the case of gold, it would have to be a straight spot-spot trade. I'd also watch the gold-silver ratio to get the most bang for my buck.

I have been marginally successful in trading 40%ers for foreign coins with a higher silver content thereby netting me a gain in ASW. Likewise for obsolete U.S. coins (trading WLs and Franklins for 90% Kennedys).

I've been entertaining the thought of trying to trade some 40%ers for some silverware (for daily use purposes, not for melting) on the premise that the coins are in a more liquid form and therefore might hold more value than a set of forks to someone who wants silver "as money"

Ikes, proofs, and NIFCs culled from rolls are also ways I maximize my silver finds. If I can get someone to come to me and give me face value and a Morgan for 100 Ikes, it sure beats going through two or three half dollar boxes to find one 40% coin.

I also have my coins rolled according to condition. The better-grade and/or key/semi-key date coins are put aside as a hedge against a possible collapse in silver prices. Undeniable scrap coins are put in another pile and marked as such. These will be sold if the price of silver jumps. Middle-of-the-road and lower-grade-but-still-interesting coins are set aside specifically to trade for more silver.

 

[Gareb]

I did the same as you but I did 400 40% halves with Provident. I got a 1908 20 dollar St. Gaudens coin in Au condition. In addition to the coin I got a check for $107. So in essence I spent $200, and in return I got the coin and $107 back. So the coin actually cost me $93. I love this design, it saves space and you can't beat that price for it anywhere as far as I am concerned. I am working on a 10 dollar Indian now, only need about 40 more for it.

 

[red89]

I've been thinking about trading in some of my key date coins that I have 2 or more of for some silver (I probably don't have enough to trade for gold). In the long run, I think that silver (or gold if I had enough to trade for a gold coin) is going to be a better investment in the long run, but I do like having the key dates. I'll probably go through them, keep the on in the best condition and go trade them in at a coin shop for some silver. I have a few extra 1939s nickels, some 83 p and d coins (in almost uncirculated condition), and a few NIFC coins. I'm sure there are some of you out there who have done this in the past. Have you had much luck trading non silver key dates for silver?

 

[fistfulladirt]

I can't bear to hold 40% silver halves. It's a love/hate relationship and I've traded hundreds of dollars face in 40% for pure silver and gold bullion.

 

[BuffaloBoy]

nice! gold is king!

 

[Dok Holliday]

I took some pictures of my mini hoard before I sent it in. Enjoy the Silver Porn! When I get my gold I'll update...

 

[BuffaloBoy]

it's really not a bad deal, you can get a gold eagle for under $200.00, and with 40% silver halves at $4.25 each, you can basically get a 1/10ozt gold eagle for $23 in 40% halves!

 

[Numismaniac]

You did great! I trade my 40%ers in for the same reason. They take up a lot of space.... I have a hard time parting with my 90%... So, I've traded in over 2,000 40%ers over the years (I say traded, but I sold them and used the cash to buy gold). I do it to save space, and because I love pre-1934 US gold coins. My wife would never let me drop that kind of "real" money on gold coins, so I use my 40% to do it. Over the past years I've gotten a $2.5, $5, $10, and $20 gold piece. All certified by PCGS or NGC, plus I've gotten some 1/10 oz eagles too. I do cheat and sneak a little fiat into the deals too when I get almost close enough -- with my wife's permission of course...

Great write up!

HH

 

[CRHnut]

Congrats, my man, I sold Silver for my 1916-D Merc! Gotta love Gold though!

 

[FreedomUIC]

I have traded 40% and even some 90% halve's in for ASE or AG. I had alot of room in my safe until I discovered Dansco Albums, now I have everything relegated to being in an album or stored in the one
shelf area of my safe, the other side contains my Rifles and Zombie Rounds..

 

[Dok Holliday]

The Gold has arrived. I love the ease of transaction with Provident. The only complaint is that is could have been faster...but...I love my gold. I did the cost calculations...these coins cost me about $15 cash and a bit of time.

 

[BuffaloBoy]

nice gold!

 

[wpd7]

Anyone looking to trade their 40% into 90%, .999. sterlingware (.925) or small gold, hit me up!

 

[Generic_Lad]

I trade my 40%ers up to:

1) Gold soverigns
2) Collectable coins (particularly British)
3) Foreign silver (I found a place that will sell foreign silver well under spot! So I can trade in my 40%ers for cash and take the cash to buy the foreign silver and gain silver!)

 

[sagittarius98]

3) Foreign silver (I found a place that will sell foreign silver well under spot! So I can trade in my 40%ers for cash and take the cash to buy the foreign silver and gain silver!)

I would have loved such a place, there is a place though, 40 min. from me, that has very good prices on all coins including foreign (have gotten some coins in their junk silver bins that were worth a few dollars over spot).

 

[Generic_Lad]

I would have loved such a place, there is a place though, 40 min. from me, that has very good prices on all coins including foreign (have gotten some coins in their junk silver bins that were worth a few dollars over spot).

Yeah, I was quite surprised. It was a local Cash 4 Gold place where the owners realized they could get much more money by selling their coins to individuals than selling them to their refiners. He sold junk (US) silver at 22x face (1x lower than spot) and sold me all my foreign silver as if it was 50% silver (it was mixed 90%, 80%, 50%, 75%, etc.). He was a bit high on his Britannias, Eagles and silver dollars though.

 

[Dok Holliday]

I trade my 40%ers up to:

1) Gold soverigns
2) Collectable coins (particularly British)
3) Foreign silver (I found a place that will sell foreign silver well under spot! So I can trade in my 40%ers for cash and take the cash to buy the foreign silver and gain silver!)

That is awesome on the foreign silver, Generic_Lad! I am curious as to why are you saving foreign silver? I tend to prefer US silver because it is recognizable, because I am using silver as part of my planning for when the zombies rise up against us. I do not mean to question you, but I'd like to have your input. I know it is a good deal compared to spot, but do you think you'd be able to use foriegn silver the same as domestic silver if SHTF? You are getting a discount on payment, but will you have to settle for a discount when you offload it?

 

[sagittarius98]

That is awesome on the foreign silver, Generic_Lad! I am curious as to why are you saving foreign silver? I tend to prefer US silver because it is recognizable, because I am using silver as part of my planning for when the zombies rise up against us. I do not mean to question you, but I'd like to have your input. I know it is a good deal compared to spot, but do you think you'd be able to use foriegn silver the same as domestic silver if SHTF? You are getting a discount on payment, but will you have to settle for a discount when you offload it?

There are many foreign coin collectors, including me, that would pay the same amount for foreign or American, especially if from a larger country, where there are more likely to be collectors. For example, I could easily sell my French silver (have none, though), but non necessarily my Fijian silver, because many people do collect French coins, but not many people have even heard of Fiji, let alone collect from there.

 

[Generic_Lad]

That is awesome on the foreign silver, Generic_Lad! I am curious as to why are you saving foreign silver? I tend to prefer US silver because it is recognizable, because I am using silver as part of my planning for when the zombies rise up against us. I do not mean to question you, but I'd like to have your input. I know it is a good deal compared to spot, but do you think you'd be able to use foriegn silver the same as domestic silver if SHTF? You are getting a discount on payment, but will you have to settle for a discount when you offload it?

Really I'm not too worried about people not accepting it as much as 65-70 Kennedys and war nickels. I've got enough hard-copy reference books to show the silver content of all of them if things get really bad. But to be honest my foreign silver isn't really my "SHTF" silver, it is more interesting coins to collect for less than I'd spend on eBay or at a normal coin shop. I collect British coins more seriously than US coins and getting things for less than melt allows me to get many different type examples and search for interesting die varieties. I try to cover all bases when I collect/hoard coins, if I'm going to buy coins I want coins that I'm going to enjoy in the unlikely case that silver plummets to $2-3 an ounce and I simply don't get that much enjoyment from US coins (although I do like standing liberty quarters, I'm only about 5 coins shy of having a full roll of them). I've got a sizable stash of US silver from CRHing and I don't sell my 90%, but I'd rather diversify and have interesting foreign coins that I collect in my vault than a few rolls of dirty looking 40%ers. Its not for everyone of course and there are some that have a lot of interest in US coins and even some people with no interest in coins beyond their silver value, but if you, like me, enjoy foreign numismatics more than their US counterparts, I think you could do a lot worse than selling 40%ers for cheap silver.