/biz/ - Business & Finance

[Anonymous No.15186111]

Hey /biz/, I have recently inherited a large collection of silver and gold coins from my deceased grandfather worth thousands upon thousands of dollars.

Obviously quite a few of these coins have enormous sentimental value to me, but for 80% of this collection, I want that money to work for me.

How would I go about investing/trading in gold and silver/platinum?

Pic related, there are SEVERAL tubes of these Morgan silver dollars in one of the safes

[Anonymous No.15186151]

>>15186111
Do nothing with them anon. Buy a safe, place them in said safe, and forget they exist until gold/silver moon and fiat starts it's rapid decent into hell.

[Anonymous No.15186167]

>>15186111
Do you know if they’re all bullion or if any have numismatic value?

[Anonymous No.15186196]

Sorry for your loss Anon. From a purely financial perspective you got these right before they moon in value. Currency wars are the new trend.

[Anonymous No.15186211]

sell them for dividend stocks

[Anonymous No.15186226]

>>15186111
You need to have them graded by either (PCGS) (NGC) or (ICG) if you hope to EVERY get anything near their true value. Otherwise you might as well be selling a silverware set.

[Anonymous No.15186229]

>>15186167

Most of them (i’d say 3/4 of them) are from the US Mint and most are graded and in plastic shells

A lot of silver and gold eagles
Gold Indian buffalo coins
Bullion coins
A few high relief double eagle $20 gold coins

[Anonymous No.15186237]

>>15186151
>>15186196
Just hodl them. Silver moon mission is inbound.

>>15186211
do not do this yet, hold tight.

[Anonymous No.15186241]

>>15186226
*EVER

[Anonymous No.15186286]

>>15186226
If they are in circulated condition it is better to sell them outright and let the buyer guesstimate their "potential" value. Sometimes getting them graded is not the way to go. You can tell mostly by eyeing the condition of them if they are worth grading.

[Anonymous No.15186287]

>>15186111
Checked and didn't read. Sell it all on providentmetals.com for BTC --> then immediately send the BTC to your exchange of choice and trade the BTC for LINK.

[Anonymous No.15186292]

>>15186229
If they are graded by a reputable source then just buy this years book, check the value and put them on ebay auction with a set minimum. Coin collectors spend half their life on ebay.

[Anonymous No.15186308]

>>15186287
Don't do this.

[Anonymous No.15186317]

Don't sell any of it unless you're going to buy bitcoin, in which case sell maybe 20-30% of it. Hold that shit my nigga

[Anonymous No.15186325]

>>15186111
Sell it all for LINK

[Anonymous No.15186356]

>>15186286
Not with gold coins at all. The cost of grading a gold coin in negligible when you may be doubling or tripling the value.

[Anonymous No.15186662]

Well how much is in USD roughly? Do yo need any money?

We are on the cusp of a currency implosion, so if you sell don't sell more than 50%.

If you have say 100k total and you sell 50k....having 50k in gold and silver left over will be fucking generational wealth after the dolar implodes.

Remember the story of the hotel bellcap in weimar republic german who had 25 ounces of gold saved up and after hyperinflation hit he was able to buy an entire city block with a measly 25 ounces of gold.

You need to realize that you will MAKE IT 100 times over once the dollar fails and gold is revalued much higher to purge all the debt from the system that the world is swimming in followed by a deflationary collapse of all asset prices.

A silver piece the size of a silver dime for most of human history used to be a days wage. and even today in most of the world where people earn2$ a day is in line with sane economic reality, since that 2$ brought to a coin shop will buy you a silver dime. Today if you are some dumbass insurance seller making 200$/day that is the equivalent of 15 ounces or so of silver a day which is way out of whack with historicl economic reality and is only happening because of massive inflation and the dollar being the world reserve currency.

So for every 1 oz of silver you own that is the equaivalent of 2 weeks worth of wages historically. So as little as 500 ounces of silver will be worth like 20 years worth of days wages post collapse, and it will probably be 2-4x that in reality because there are billions more people on the planet now and much less silver available.

Also....I would exchange like half the gold for more silver. Because the silver to gold ratio right now is like 80 to 1 which is totally out of whack....and the historical ratio is 16 to 1 because thats the ratio it comes out of the ground.

[Anonymous No.15186713]

>>15186111

Holy fuck, don't sell any of it right before the largest currency collapse known to man

[Anonymous No.15186936]

>>15186662
based goldbullposter

Looked up that Weimar tale. Might just be urban legend but all I could find is the rumor that he was given a 1oz gold coin from an American tourist that he saved and then bought the hotel he had worked at.
https://www.peakprosperity.com/forum-topic/all-we-have-to-do-is-buy-1-physical-ounce-of-gold-each/

[Anonymous No.15186951]

Also yea op wtf r u doing hold that shit Pm's are gonna bull
Imagine your grandfather saving up all that wealth to gift to you just so you can blow 80% on boomer stocks that are about to crash

[Anonymous No.15186976]

>>15186211
This has to be sarcasm

[Anonymous No.15187070]

>>15186936
Same result

[Anonymous No.15187151]

>be 5 years old
>working in cobalt mine getting mesothelioma
>market crashes and have to eat the leather off of shoes to live
>manage to eke out a living and have children and grandchildren, left them a legacy so they dont have to suffer
>toddler grandson on lap, he's gonna make it
>dies
>retard sells all your shit and takes advice from an anime website

[Anonymous No.15187250]

Now is the best time to hold silver in a long time. If you're new to the investing game and don't need the money, just stick to it for a couple of years.

[Anonymous No.15187314]

OP here, thanks for the advice all!

Based on these posts and gut instinct. I will be sending in all of these coins for grading which will increase their value, either PCGS or NGC look the most reputable.

Most of these look either around MS68 or so (don’t worry I’m only handling these coins with special gloves, especially the high reliefs)

[Anonymous No.15187344]

>>15186936
Also even if my variation is correct 25 ounces for a hotel or city block...thats still a fucking absolute firesale