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To: mainevet

Both, I like the look of the Walking Liberty better, but silver is silver, if I am brave I will even get some 1964 Kennedys. I bought them recently and paid 6.50 each


16 posted on 03/12/2010 11:21:32 PM PST by LukeL (Yasser Arafat: "I'd kill for a Nobel Peace Prize")
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To: LukeL

How much did the junk silver cost you? Was it sold to you at a ratio to face? IE. 12 to 1 (12 dollars to 1 dollar face). 6.50 for a Kennedy is 13 to 1. With silver spot right now 17.05, the silver in one Kennedy is 6.17, so to me 6.50 ain’t bad. I buy my junk at two different coin shops. When silver is above 16.80, I go to the guy who seems to always sell at 12 to 1. He even sold me junk at 12 to 1 when silver was almost 20 bucks a couple months ago. When it’s below 16.80, I go to the other one who always sells it, except for Morgan’s and Peace dollars at a ratio to spot. One thing that has helped me out is remembering that any dime, quarter, half combination that equals 1.40, also equals 1 oz of silver, well within .01276 troy ounces.


20 posted on 03/12/2010 11:48:01 PM PST by mainevet
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