Just picked up 120 Mercury and 50 Roosevelt dimes on ebay for just pennies over spot! Each is worth about $2.57 right now...a great deal and over 12 more ounces of silver added to my stash. Almost all of what I have are pure rounds, coins, and bars. Figured it was a good time right now to check ebay for some 90% dimes. Those little buggers are going to be great to have when the SHTF!
BTFD and FUBM!!! Time for some beers and watch Glenn Beck and Freedom Watch (DVR's kick ass!).
The Turd Rules
Nice job buddy!!
I told you like 6 months ago to get some 90% coin! I knew you'd come around.
So you're now Eric Original, ay? I thought that might be you, but wasn't sure. I see you're tearing up Turd's new site like a mad man and have already graduated to "Digger" status as well as a leader on the Hat Tip board. You're on a mission! Good job!
Well yeah, I got a wild hair and decided to cruz ebay for 90% stuff tonight because quite frankly ebay is outta control lately with .999 prices....insane! Up until a couple weeks ago I was getting really good deals...now people are pushing .999 way way way over spot for almost everything, and the quality has really dropped off.
But I'm on my way to getting 1000 ounces. Since I started in January, I think I'm at around 700 oz's or so. Plus I have my 1 sealed U.S. gold Buffalo.
Was wanting to pick up another 1 oz gold coin though. Right now the cheapest 1 oz gold coin at GVille Coins are some older Canadian Maple Leafs for 1568/oz. That's only 37 zombies over spot...that's a pretty killer deal, right?
Much 90% in my future.
37 over? hell yeah that's a killer deal. Especially since you are cash and carry. No credit card fee, no sales tax, no shipping. Fck yeah
You might also give some consideration to those old U.S. $20 Double Eagles like I was talking about a while back. Cost a little more, but in the lower grades you can play with it. Keep it on your desk, jingle it around, get some recreation value. Plus they are awful purty.
Dimes are the most practical 90% except if you get barbers that are too worn. Be careful getting dimes that are too flat they are light. I dont know how light but they are definitely light.
your ebay experience sounds just like what I went through when I was buying a shitpile of silver last year. I was buying .999, then when that got too pricey I started buying 90% coin. Then when that got unreasonable I started buying sterling silver spoons! Then they got out of control and I just had to stop. Still get a good deal on gold coins once in a while though.
Have you ever weighted a worn gold coin and compared it to a AU+ coin? I wonder how much weight loss there is.
With 90% silver, you are generally safe buying face value when:
Dimes - Roosevelt's and newer Merc's
Quarters - Washington - late 40's and newer
Halves - 64 Kennedy's, Franklin's and newer Walkers
All the rest s/b purchased by the TROY ounce (or converted to troy ounces).
That's a good question, and I don't have an answer for it.
I have taken a few worn Double Eagles in to shops to possibly sell or to get an appraisal for. I can say that they don't even bother to put them on the scale unless they are really bad looking ones. And even then they didn't say anything about them being underweight or anything.
Those cleaned or "Fine" Double Eagles I'm talking about are still pretty decent looking coins though. Nowhere near the amount of wear that you are talking about with smoothie 90% coins. Not even close. Gold just never circulated all that much. Never had the day in and day out handling that small change had.
The Barber halves I have checked tend to run about 10% lighter than Kennedys. Weight loss of Barber dimes available on ebay at near melt value would probably be equal or greater from my experience.
"Those cleaned or "Fine" Double Eagles I'm talking about are still pretty decent looking coins though. Nowhere near the amount of wear that you are talking about with smoothie 90% coins. Not even close. Gold just never circulated all that much. Never had the day in and day out handling that small change had."
I agree with you that for bullion, you really can't go wrong with the cleaned Fine or better coins, as you pointed out, they sell pretty much sell a little over spot. However, I would stay away from well worn coins unless I had my scale with me.