Silver Strikes up for sale.

Dan, the other day slapinfunk and I went to a bank in another city where I kept a large safe deposit box for some 15 years. i decided to close it and move it all closer to where I live. I found my original coin collection in the Blue Whitman folders that I started when I was 7 years old. The last coin I put into the "books" were dated 1980, the year slapinfunk was born and thats when I got into collecting high grade coins and then made the transition into PCGS certified coins when they became availbable in the 1990s.

My Lincoln collection Whitman folder has just about "every hole" filled except for some key dates like 09s vdb, 22 "plain" etc. You know the drill. To be honest, if I were to sell it today I'd be lucky to get a hundred bucks or so for the pennies.

I have a complete set of silver Roosevelt dimes in the Whitman folder... dimes are worth about $2.50 each, same with my blue folder of Mercs -- even my 1916.

In all about 175 dimes at 2.50 each for their "silver" and maybe a bit more if I sold them to a coin store that had a "collector case" for low end coins. I think you understand my point. This stuff aint worth much. And I can't see myself selling memories going back more than 50 years. I can almost remember putting each coin into those folders (Buffalo nickels too) and how I found my first 09vdb in pocket change from the general store in my town when I used to buy Superman comic books for 10-cents.

If your kids dont want them... save em for the grandkids. Or just save em.

But if you really do have a big box filled with old silver, well heck yeah -- if its just stuff you stashed away you could sell it without remorse. But I would wait. I think prices are going higher. Silver still isnt back to its high of $50 an ounce while gold has set new highs.
Where are the Hunt Brothers when you want 'em? After all, they were the "real" reason silver was so high back than, and if I'm not mistaken, it was rather short lived.



roadtrip, you are correct. it was the Hunt brothers. and when they failed to meet their margin calls their house of cards came crashing down. they literally were trying to buy up the world's silver using credit. but instead of Visa and MasterCard they were using the credit system of the commodity exchange. And because the market was bigger than they were, they couldnt pull it off. Oh, how I remember that morning!
I was buying silver back then. Everyone else was selling so I was buying. When the bubble burst, I was stuck with coins I'd paid 15x-20X face for, and a bunch of peace Dollars I'd paid $25-$30 for.Over the next few years, I bought more silver, but this time at 2X-4X face. Sold a bunch of the better coins around 2000 and ended up almost breaking even after twenty years. Too bad I didn't sink the money into a long term bond back in 79/80 when they were paying 15% or more.
I'd planned on selling all my silver when it hit $25. Instead I sold about half at $30 and am now waiting for $50, where I'll sell half of what I have left.
It just amazes me that early 1960s Proof Sets are finally getting hot- but its only for the meltdown value.

Quote

Originally posted by: MoneyLA
Dan, the other day slapinfunk and I went to a bank in another city where I kept a large safe deposit box for some 15 years. i decided to close it and move it all closer to where I live. I found my original coin collection in the Blue Whitman folders that I started when I was 7 years old. The last coin I put into the "books" were dated 1980, the year slapinfunk was born and thats when I got into collecting high grade coins and then made the transition into PCGS certified coins when they became availbable in the 1990s.

My Lincoln collection Whitman folder has just about "every hole" filled except for some key dates like 09s vdb, 22 "plain" etc. You know the drill. To be honest, if I were to sell it today I'd be lucky to get a hundred bucks or so for the pennies.

I have a complete set of silver Roosevelt dimes in the Whitman folder... dimes are worth about $2.50 each, same with my blue folder of Mercs -- even my 1916.

In all about 175 dimes at 2.50 each for their "silver" and maybe a bit more if I sold them to a coin store that had a "collector case" for low end coins. I think you understand my point. This stuff aint worth much. And I can't see myself selling memories going back more than 50 years. I can almost remember putting each coin into those folders (Buffalo nickels too) and how I found my first 09vdb in pocket change from the general store in my town when I used to buy Superman comic books for 10-cents.

If your kids dont want them... save em for the grandkids. Or just save em.

But if you really do have a big box filled with old silver, well heck yeah -- if its just stuff you stashed away you could sell it without remorse. But I would wait. I think prices are going higher. Silver still isnt back to its high of $50 an ounce while gold has set new highs.


Money, thanks for the reply. All the terminology is coming back to me now....thanks for the quick flash back to fond memories of what's now a very long time ago! When I get back to FL, I'll have a look to see just how much is there.....I suspect that like you there are stacks of the blue folders with many holes filled but the rare/expensive ones missing.

I'm sure my kids would take them but there's no passion for the hobby but your childhood flashback raised that in me so I think I'll take your advice and keep them.

Thanks,

Dan
I have an 09 vdb but no S.
shortly after slapinfunk was born I took the big plunge and bought a gem 09s vdb that later was sent to pcgs and was slabbed (graded) MS65 red. that went into my "gem collection" that I kept until about 1999. When I brought it to a coin dealer here in LA to sell it on consignment he made four calls to different Linc collectors... who all rushed to his store... and my entire set was "gone" in less than four hours. 19 years of collecting gone in four hours. That cash went into my PCGS registry set which later became the #1 set of its category... also was later sold. Fortunately, that was sold at the top of the market. The recession also hit the coin market hard.

I just saw on ebay PCGS MS68 Morgans selling for about half of what they sold for three years ago.
Uhmm... could we get some translation here guys. What is a gem 09s vdb which was later slabbed (graded) MS65 red? Huh? A lay person such as me is lost and clueless about what you're referring to here (LOL). And then what's a 09 vdb but no S.
09s VDB 1909 Lincoln Cent from the San Francisco mint with the designers initials VDB on the reverse (limited number made)
09 VDB 1909 Lincoln Cent from the Philadelphia mint, with the designers initials on the reverse
There is also an 09 Philadelphia and an 09s San Francisco without the VDB on the reverse

Gem -- what you would call a bright, shiny, new looking RED penny (or gold in color) graded MS65 or better. A "gem" coin grades 65 or better on a scale of 1 to 70, with 70 being perfect and flawless. There are only a few "70" graded coins in the world and nearly all of them are "proof" coins which are specially struck and handled for collectors and as specimen coins -- never put into circulation.

Slabbed -- when a coin is certified by one of the independent grading companies and sealed in a plastic container so it can't be damaged. the container is called a "slab" because it usually is rectangular. Kind of resembles the size of a "players card" but thick enough to contain a coin. (had to get a Vegas connection in some how)
I'm wondering that since Boomtown is no longer a casino in Vegas, does that make their SS "rare"?
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