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Old February 12th 09, 02:22 PM posted to rec.collecting.coins
Johnny Doe
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Posts: 45
Default Opinions on cashing out some silver

On Wed, 11 Feb 2009 08:22:42 -0800 (PST),
" wrote:

Okay... I have made arrangements to sell my small cache of silver for
10x face for the pre-1965 coins and 4x for the 40% Kennedys. I have
worked out that the break-even point for the silver is $13.82, as as I
write this, the price is $13.57. What is the opinion of "all y'all"
about such a sale: would you make the deal, would you hold on for
silver to hit $22 again. I am not in a position that I need to sell
the coins: just looking to turn it into "working capital" for
obtaining rolls to search or to buy other coins to work on my various
collections.

Thoughts?
Les


Sure, the big question is, what is pushing you to consider selling at
$13 / oz that wasn't there when silver hit $20? If that reason
(whatever it is) is compelling, go ahead and sell. Otherwise, feel
free to continue holding for $20 again (or $5, as the case may be).
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