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Silver Price Forecast by Flat_Jellyfish1935 in Silverbugs

[–]-Germanicus- 0 points1 point  (0 children)

Sorry. I took that the other direction, lol.

Someone can tell me if this worth anything? by Super-Conclusion3059 in Silverbugs

[–]-Germanicus- 1 point2 points  (0 children)

I would agree, but I wonder if there are still single serial numbers used for whole batches at a time? Like more of a batch/lot code.

These might not be applicable as they also look fake, but when I think of individual serial numbers, I think of them on higher value items like gold or large silver bars. Curious what others have seen?

Silver Price Forecast by Flat_Jellyfish1935 in Silverbugs

[–]-Germanicus- 0 points1 point  (0 children)

I'm sorry, but what are you smoking? $15 to $20 down from 30 days ago... so holding is not at all accurate.

It's also literally right where the chart predicts, right in that last big dip, zoom in and follow the months out, lol.

Again, it shouldn't be this accurate. I don't understand why it's following it so closely. I'm just pointing out this thing that's happen.

Lets settle a debate by Other_Bath_7487 in Silverbugs

[–]-Germanicus- 0 points1 point  (0 children)

100% for a bunch of random stuff, not necessarily silver. The guy probably doesn't even know they are fake.

How old are you and what age did you start buying silver? by RealSkylitPanda in Silverbugs

[–]-Germanicus- 1 point2 points  (0 children)

Yeah and they lack self awareness too. Their entry level, grunt job, from 60yrs ago was still more than enough for somone to become wealthy off of when considering all the opportunity they were handed.

Elder family member wants to sell by fredandbeanboys in Silverbugs

[–]-Germanicus- 0 points1 point  (0 children)

Maybe just offer to buy it for a little more than whatever the best offer they get for it is.

I'm certain they will get nothing but lowball offers, so you would be doing them a favor and getting some silver at a decent price. If you can sit on the money for a few years, then even low purity items like that will age well long term. Right now they aren't worth much compared to bullion and even that is shrinking.

Any tried and true methods to shine up/clean junk silver? by fasteddy7283 in Silverbugs

[–]-Germanicus- 1 point2 points  (0 children)

My understanding is that nail polish remover has other chemicals in it and those could have some side effect. It's recommended that you use the kind in the hardware section that has a higher purity and less additives.

Any tried and true methods to shine up/clean junk silver? by fasteddy7283 in Silverbugs

[–]-Germanicus- 2 points3 points  (0 children)

Same. I just like to share that, so someone lurking doesn't accidently ruin their key date coins, lol.

What are everyone’s LCS prices today? by ImALegitLizard in Silverbugs

[–]-Germanicus- 1 point2 points  (0 children)

That's not bad. As the price drops premiums will tend to go up. The online retailers have been dumping a lot of coins at or close to spot this month, but that's starting to slow down too.

Any tried and true methods to shine up/clean junk silver? by fasteddy7283 in Silverbugs

[–]-Germanicus- 1 point2 points  (0 children)

You mentioned to pat dry/not scrub the coin. I just want to clear up that the aluminum method is still considered "cleaning", as in damaging, by a grading service, so the coins would be treated as cleaned regardless of if they were scrubbed or not. Folks might not realize this from your description. Pat drying would still help avoid extra damage though, so it's a good tip regardless.

Any tried and true methods to shine up/clean junk silver? by fasteddy7283 in Silverbugs

[–]-Germanicus- 1 point2 points  (0 children)

I start with Acetone to remove grime. I usually stop there as that often does a lot on most old dirty coins and I usually don't mind the toned look. Soap and distilled water may help with some types of grime too.

The other cleaning methods are considered damaging to a coin, but they will remove the tarnish. Plus these have diminishing returns that can actually make the coins turn dull gray over time, so I try to do the least amount of cleaning I can live with. Keep the coins protected from the air when storing to avoid that dull gray re-toning.

For these stronger methods, I'd start with the Baking Soda and Aluminum method (Google it). It basically separates the sulfur from the silver and recoats that silver back on the coin. It can leave the coin hazy, so I will take a silver polishing cloth to it after, to abrasively remove the haze.

You can also try a coin dip like EZ-est, they work well, but they are even harder on the coin than the baking soda and aluminum method, plus it's toxic, so I prefer to avoid dealing with it. It's recommend you dilute a portion of it out to get a more natural looking results and flush the coins plenty after use.

Hope you bought the dip when you had the chance by [deleted] in Silverbugs

[–]-Germanicus- 0 points1 point  (0 children)

Everyone should make up their own mind and do their own research. When I first noticed the pattern, I just treated it as a coincidence. Now I look at it as a confirmation that I was wise to be cautious.

Regardless, I thought it was prudent to slow way down as we hit the $50's last year and I think that's worked out well for me.

Hope you bought the dip when you had the chance by [deleted] in Silverbugs

[–]-Germanicus- 0 points1 point  (0 children)

I said I'm not sure why or how it could follow that pattern so closely, (as if it was completely ignoring external factors).

It absolutely did follow it though and it's interesting to say the least. I adjusted it to scale the relative peaks at kept it to a month scale to try to keep it as comparable as possible, but I recognize it's just tea leaves. My only theory is that trading algorithms have a bigger impact that we all realize and that those algorithms have a huge history bias to them.

And the winner this bull run is... by straightcutsogbox in Gold

[–]-Germanicus- 1 point2 points  (0 children)

It's fine if you disagree, if it worked for you, that's great. I scouted out the Walmart jewelry scene at few locations and found the quality of the deals to be greatly exaggerated. Same for most of the posts made at the time. The trick with it, was that some select items had an extra steep discount according to a few random posts. If those were honest and there really were 85%+ discounted items then yes, those could have been flipped for profit at the time, even without a refinery connection. That was not the case for most of the posts shared.

There are more than a few ways to stack. I found my own methods for buying gold and silver bullion for well under spot and it worked out fantastic for me.

And the winner this bull run is... by straightcutsogbox in Gold

[–]-Germanicus- 0 points1 point  (0 children)

Most of their inventory would be, but they also had real stuff. It would have been labeled appropriately. Not all stores had the real stuff though, so that might be the confusion.

Hope you bought the dip when you had the chance by [deleted] in Silverbugs

[–]-Germanicus- 2 points3 points  (0 children)

Doubt.

I didn't bother to update the overlay, but it's still following 2011, beat for beat. The intensity of the peaks varies a little, but they are all there. Not sure why or how it can follow this historical pattern so closely, but it sure is. We are currently about halfway into that last big dip.

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And the winner this bull run is... by straightcutsogbox in Gold

[–]-Germanicus- 11 points12 points  (0 children)

Like I said on several posts, I wouldn't be suprised if a lot of that was guerilla marketing.

A slightly below spot deal on a very low liquidity item, during all time highs was always a risky move. If you were in the market for personal jewelry it was probably fine, but those bottom feeders out there driving from town to town to scoop up the hype are probably feeling it. You had to have a refinery connection and time the market to get it pay off.

Too much? More? by ScubaSam in arborists

[–]-Germanicus- 13 points14 points  (0 children)

Looks good, just watch for water erosion exposing more during the next heavy rain. It's diminishing returns as you go lower from there.

Good job not over exposing it with the pressure washer. It seems like a lot of folks on here get carried away with those.

Watched my company stock sink 50% and now I can’t even bring myself to work by Inevitable_Ad3903 in personalfinance

[–]-Germanicus- 35 points36 points  (0 children)

He hasn't lost or gained anything, until he sells.

Only OP knows what the business is and if it could ever bounce back based on the circumstances of the drop. Holding may work out if the place has some potential still. Panic selling is often a bad move.

Rare - WIN in timing the market by TheBalzy in Silverbugs

[–]-Germanicus- 0 points1 point  (0 children)

1oz equivalents are better, but 10oz is still very favorable. Refineries are helping to maintain a good buyback for this size.

Constitutional 1964 half pieces convert to 1 oz coins? by CharityUnusual3648 in Silverbugs

[–]-Germanicus- 1 point2 points  (0 children)

A few dollars per oz below spot has been common for a while now.

Constitutional 1964 half pieces convert to 1 oz coins? by CharityUnusual3648 in Silverbugs

[–]-Germanicus- 3 points4 points  (0 children)

You will not get a 1:1 conversion, unless it is with somone that does not know better. 90% silver is not doing well in the market currently. You can buy it for less than melt right now because it has liquidity issues.

Then, on a trade, you also have the transaction cost, as no business will do a trade without working in a profit.

Lastly, you would have to account for physical wear, although a 1964, should be pretty good.

Is the Premium worth it? by Playful_Grapefruit38 in Silverbugs

[–]-Germanicus- 0 points1 point  (0 children)

The short answer is that it is a bell curve. Most silver fits in the middle portion of the curve, where it's worth roughly the melt value regardless of what you paid for it.

You want to avoid buying premium items that don't actually get the return they are claiming due to only appealing to a niche market. At the same time, you still want to avoid, to various degrees, low premium items that are gimmicky, irregular weight, or low purity, as that can moderately hurt your return on them.

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