Think Twice ...... Silver prices are going up, Gold is at record Highs

[Elton]

Before you sell your finds. Sure it's nice to convert the hobby to some money.

But ..Did you really get into this hobby for the money.. Most likely not. You got into the hobby for fun, and the thrill of the hunt RIGHT ??

Most of us can remember exactly where we found our first Silver, First Gold, and many other first finds.......... Once you sell those finds you may never find them again.

We can see one of our finds in how ever we have them displayed, or just in a box..and remember instantly where it was..how we found it... and what machine we used to find it with...

To me that is worth more than a few bucks.. How about You ?? Once it is gone..so are the great memories we all associate with this fine hobby.

At the least photograph all your stuff before you sell it.. preserve some of those great memories if you must sell it..

 

[Craig]

I am with you! I worked too hard for my memories ! I'll only sell if the bottom drops out completely ! Only then I'll use them for barter.
I hate seeing these stores that say "WE BUY YOUR OLD GOLD" . What a rip off. But I guess if you need the money fast, To buy groceries, etc... You have no choice. Hold onto your gold & silver as it is only going to go up!

 

[MNCoinhunter]

I would never sell my silver finds. But I do have a seperate collection going that may come in handy if times get tough..

 

[Larry (IL)]

Hold onto your gold & silver as it is only going to go up!

I hope you are right, but I have been around long enough to see all markets rise, peak and adjust. I have seen Silver hit $49 before and fall back to $10 in 1980. As a general rule though precious metals will be more up than down over time.

 

[mike from Illinois]

Will never get rid of my silver coins. Have them in 2x2 holders,month,day,year, and where i found them. My seateds and barbers are special to me because i am finding and holding something that no one else has touched for over 100yrs. I guess i feel a connection to them. Mike.

 

[MarkCZ]

Beat my brains out for some stuff in a box?? There is no place in WV to prospect, until now! A silver coin isn't anything but a nugget flattened out and some goffy figure stamped on it (unless its really OLD, or rare!) but whats another 41 mercury dime? not much unless you can cash them in! At the current silver price a 1954 dime is just a 1954 silver nugget! SOLD! (Well I might wait until I have a few of them before I sell them)

Gold ring, won't make it home if I can find a place to buy it that's sill open! "SOLD"
And the clad (new money) just helps to offset the $4.00 a gallon gas it took to go hunting. "SPENT"

I didn't have any trouble selling my thirty year service award ring for $47.00 "Sold"

Mark

 

[Elton]

n/t

 

[D&P-OR]

n/t

 

[Dang]

The dollar is shrinking and I see no end to it. We may just need our finds for groceries!
HA! Just kidding! I'm sure our fearless elected leaders will get us out of this mess.

 

[dewcon4414]

The golden rule..... those who have the gold rule. Gold has always been a form of trade. Prices havent gotten high enough to get me off of any of my metal. Im sure uncle sam has a plan..... just like they did back in the day when they RECALLED all gold. If you base you economy on something other than gold you best ensure its healthy and not moving over seas. Im waiting for the market to hit $100 on silver.... then sorry guys, but ill drop my silver like yesterdays underwear haha.

Dew

 

[mudpuppy]

Never gave it much thought, I can remember exactly where I found some of the sweet finds, and the thrill of the hunt. I'd sell all the Chuck Cheese tokens too if I could find a market!
Mark, I sold my 30 year service ring too, never had a class ring, but that would have been sold a long time ago as well. It looks like theres two schools of thought on this one Elton, and probably lots of folks in the middle too. I know I get an added thrill of a "subsistance hunter" when I go out, it must be a personality trait, because I dont think a saver could be changed into a seller or vice versa very easily.

 

[MarkCZ]

Well, I'm not an everyday hunter and I sometimes go for long stretches without hunting at all!
Also living where I do and even the area's around me limits me to finds at best the VERY late 1800's and so as far as coins are concerned rare and valuable are just about un-heard of! (well finding them lost anyway) I still get a bit of a rush when I find a piece of silver and the older the better. Now my brother for now I think has everything he has ever found detecting, well I think he did toss those old pull rings LOL! (he did lately sell the gold rings he had found) but like him the older we get we started thinking about -

"Well I'm getting older and what good is all that STUFF when I'm gone? anybody I leave it to is going to break their necks getting to some place to cash it in"

Now, being I have never found a gold coin I have always thought that if I did find one that it would put it on the 'So rare list that I would keep it' but if I had found a couple of hundred of them, then NO! I would sell them.

Me being in the wrong hobby? maybe!

But, this year I started a detecting log,
what I've found,
where I found it,
what detector I was using when I found it,
And I can always take pictures of the finds!

The price of silver and gold refreshed my interest in the detecting hobby for me, MANY places around here have been WORKED to death! so the good finds are few, but the refreshed thinking says, yea! the hand fulls of silver finds in a day is gone, but! at the price of silver I don't have to find very many to make it worth while! So my new interest in hunting is in a return on my efforts, not put it in a box and leave it for someone else to reap the rewards of my efforts and my time. Now if I could find enough to create a HUGE hoard then I might re-think things a bit? But I don't see me living lone enough to ever find a pound of silver!
Another part of me is just the joy of the hunt and what you Might find! I have two retired brothers and its a lot of fun to go hunting with them, spend time together and talk and plan hunts. So, I'm I in the wrong hobby? or do I have just a bit of a different idea of it?

When I was twenty years old I thought one way about it, now at Fifty Four I think a little differently. I do enjoy the hunting, but having a box full of stuff isn't a thrill for me any longer. (Unless I find something REALLY rare!)

Mark

 

[Elton]

n/t

 

[D&P-OR]

and I've gotta admit I've thought along a (few) of those lines myself.-----The only thing is, if (older) coins are that seldom found in your "neck of the woods"---it seems like that would be all the more incentive/reason to want to keep them instead of cashing them in.----Nah, changed my mind---I don't think you are in the wrong hobby---you just think a little differently than I do! ----I will say though, what's the MOST important is that a person is having enjoyment in this great hobby & in the hunt (IMO).-----To me, it doesn't take a "spike" in metals prices to have this enjoyment (I still hunt mainly for old coins--prices up, prices down).-----Other people have a different view though & that's OK to as long as your having fun & getting the exercise.-------I'll admit to, I have sold (some) of my silver finds also.----The rest, I'll probably keep for the kids---they gotta have 'em to cash them in for that "fancy john" speed boat after I'm gone ya know!! ----I'm like you in that I see things a little differently than I did at 20----I'm now 72.------I respect your (and everyones) opinions.------------Del

 

[usafaviator]

I am with you! I worked too hard for my memories ! I'll only sell if the bottom drops out completely ! Only then I'll use them for barter.
I hate seeing these stores that say "WE BUY YOUR OLD GOLD" . What a rip off. But I guess if you need the money fast, To buy groceries, etc... You have no choice. Hold onto your gold & silver as it is only going to go up!

Yeah, as opposed to buying your "new" gold (geologically speaking). I laugh when they say "send us your junk gold". Since when is ANY gold junk? But, apparently people use their services because they keep advertising.

 

[jim tn]

I've been doing this for nearly forty years and from day one never looked at my finds as an investment. Nor, have I ever grown attached to them. And neither has my wife had an interest in silver or gold. I've given some things away over the years...coins to the grandchildren to see if there may be a collecting interest...and there wasn't, so I have been accustomed to selling gold and silver jewelry and silver coins every couple of years. I do look around for the best sources and sell for the best price I can get at the time and never look back. There were times when the money my finds generated were needed. Usually, though, they simply just helped pay for the hobby that I love and I look at recovering good jewelry and silver and other old coins as fulfilling a challenge in finding them. To me that is what this great hobby is all about. Not the money, but the actual finding. HH jim tn

 

[hershey1]

I keep most silver money. Some people have never seen Barber coins or Reales but that gold jewelery is another story. A trip or a machine can be paid for in just a few scoops. Out of all my coins there are some that are key dates but they are all silver and once melted they can no longer be seen. But that is my opinion for my stuff. This hobby has been good to me as it has for most that have been doing it very long and whatever makes someone happy just tickles the $#^5 out of me. HH

 

[MarkCZ]

n/t

 

[JOHNMARKHAM]

i still have all the silver ive found since i started in this hobby 3 years ago,ill keep it till prices peak...
hh
john

 

[jmaryt]

i'm in complete agreement .jim!..i have "all" my silver and other valuables from over 33 years of hunting
"stashed" in a safe deposit box!..i "honestly" have no idea what it is all worth because i never ,as of yet have,taken the time to sort,and research any of my finds!
some day i will,and will then "give" it all to my daughter...i just enjoy the ongoing challenge of findin' ' the stuff,and the "value" is truly
an "after thought"!..just sayin!

(h.h.!)
j.t.