Price of Silver Thread

[woodog22]

Silver is a buy of a limetime, imo. (Like buying Gold @ 250) I noticed silver when it was $6 on CNBC. I thought it looked awfully low compared to other metals. I started researching and started buying physical between 7 and 15. I'll say I do think it will hit $100 this century. It may need 30+ years and a physical shortage to occur, a new medicinal tech, etc. Silver use will grow in the next 10-15 years RFID chips, Solar, Batteries. Short term its too volatile, the weak hands let go too soon. I see a sell off at 14-15 short term over the summer then back to 19 late this year, then test 25 this time next year.

 

[Doug]

I'd suggest older coins that have some interest as numismatic items, but can still be had near spot....a favorite is these:

 

[mickj]

What's the years range on those?

 

[Doug]

1916-1947, but for close to spot you'll only get coins from the 40's, maybe a few well worn ones from the late 30's. Anything earlier than 1935 is clearly not junk silver.

 

[Doug]

Here's a listing of the dates, look under the first column headed "4", those are grades, and that's the grade we're talking about, this will give you an idea of why you'll only get 1935-1947 stuff cheap.

http://pcgs.com/prices/PriceGuideDetail.aspx?c=733

 

[Doug]

this will tell you what the coin is worth as metal:

http://www.coinflation.com/coins/silver_coin_calculator.html

 

[Doug]

Here's a decent looking roll, currently at $120ish, right near melt:
http://cgi.ebay.com/Walking-Liberty...ameZWDVWQQrdZ1QQcmdZViewItem#ebayphotohosting

 

[tanner12oz]

im not sweating this dip....good time to load up. fundamentals are still good.