Silver is starting to take off. Would you sell at $30/oz?

Silver is approaching $30 an ounce today. Climbing over $4 USD/oz in just the past 3 days. And is up from $19 USD/oz last month.

At the time of this posting US Junk Silver (pre-1965 90% Silver Coins) are valued at over $20 per dollar face (e.g. four quarters, or ten dimes).

Is this a good time to start unloading some or all of your silver stack?

Looking at a 5 year view of silver prices

Silver prices for the past 5 years have been rather flat in the $16-18 USD/oz range. At that time, one dollar face of silver coins would be valued a little. above $13 (e.g. 4 silver quarters).
There are many factors that could continue to drive silver prices higher.

• COVID which has both a global impact, and also the continued impact in the US, and vaccines not likely being available until at least 2021.
• 2020 political elections are coming up.
• Continued turmoil between the US and other countries (e.g. China)

We would like to hear what others are doing at this time. Do you wait, Do you unload some/all, or do you wait for prices to potentially skyrocket past the highs both in 1980 (~ $120 USD/oz) and 2011 (~ $60 USD/oz).

Happy Hunting Everyone!!!
~JobIII

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Coin Roll Hunting Tips: Edge Hunting vs. Checking dates

I created this video in response to a YouTube subscribers question regarding Coin Roll Hunting. Essentially what is the best way to coin roll hunt, Edge hunt only or Date Check all coins.

I have also proposed this topic to a number of coin collecting forums.

Personally my process for CRHing dimes, quarters, and half dollars is to edge hunt and then date check coins that appear to be AU or better.

A lot of people commented that date hunting is the only way to Coin Roll Hunt. Otherwise you risk missing Coin errors, varieties, doubled dies, and more.

Where do you stand on this? Leave a comment below.

Happy Hunting Everyone!!!
~JobIII

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Counterfeit Silver Bullion Bars - How to Spot a Fake

Click here to read the full article about this Counterfeit Silver Bullion

Silver Is On The Move, Was This Summer A Bottom?

90% Silver US Half Dollars

For anyone invested in silver, this year is proving to be quite a ride.  Silver started the year at just under $28/oz and in a matter of months climbed up to $37.50 (actual date 2/29/2012) up 33% for the year.  

This high was very short lived, and silver prices began to fall almost immediately after reaching that high.  Silver consistently lost around $2/oz per month from March to June, and leveled out around $28/oz.  Since June the price has been hovering around this value.  It has been stuck at this value and it has been boring to watch.

If you look at silver's performance dating back to 2009.  The last time silver had more than a 3 month period of flat or little change was between the spring and summer of 2010.  Which as we now know was followed by silver's nearly steady 8 month climb from the $18 to $48.70 (actual date 4/29/2011).  

Silver began this week (8/20/2012) at $28.09 and has steadily climbed nearly 5% over the last 3 days to $29.47 (8/22/2012).  ProShares Ultra Silver (ETF) AGQ [currently $43.27] which is down 65% from one year ago, has gained 12% in the last 5 days, and nearly 16% over the past month.

Perhaps we have just past another bottom in the silver market.  There are plenty of factors that could push silver up; the European debt crisis, Greece leaving the euro zone, changes in China's economic growth, US economy is still recovering and the upcoming US presidential election to name a few.

I'm not trying to suggest that we're about to see a repeat of silver's steady climb from 2 years ago.  But it's nice to see silver beginning to move again.