best "bullion" buy I've made in a long while

I love to write at this time of year in my journal. I'm always hesitant to write too often during most of the year since I don't want to give the impression that I'm pushing for any award considerations. I remember a few years ago that one CS registry member actually wrote some kind of post every day for about the last 2 months before the awards. Most of the posts had nothing to do with coins and I don't even think the person bought a coin that whole year--yet his strategy worked in 2 ways. First, NGC gave him a journal award for his daily repetitions ( he since has quit thye registry after opining "coins give meaning to my life") and secondly, it converted me into a "once in a while" writer. I used to get frustrated writing a post that I had taken some time and thought to write and then having it pushed into the archives in less than a day by a small group who were turning the journals into chat forums.

So now that I've let that 2 year old aggrivation off of my chest, I hope that my fellow members and friends here will forgive me if I add a couple of posts this week. I just have a few personal collecting things I'd like to journal about and have in my personal record..and also I would like to write about a few collecting thoughts that have been on my mind. I find the journals to be alot of fun to go back and read what I was doing and collecting 4-5 years ago ( and maybe 4-5 years from now it will be fun to re-read what I'm writing today).

Okay, so The Nice Score that I mentioned in the title. About 2 and a half weeks ago when silver dipped to around $26 an ounce for a few days I kept doing what I like to do--buy bullion coins and search them. After a good searching for RPM's, double dies, varieties and semi-keys, I'll set any decent finds aside in my "collector quality" section and then put the others into the bullion coin bag.

Well 2 weeks ago I took a jump on some Walker bullion rolls and timed it perfectly. It was the last day of the small downturn on silver and I got 5 rolls-100 coins-- for a good price. Well those 5 rolls come out to a little over 36 ounces of silver. At current prices I made a quick $120 just in melt value..a nice little profit in 2 weeks. But that is just half the story.

Without boring those who read these journals about shipping problems and trading emails --the seller went over the top for me. In the end I not only received 3 extra coins for the delay, but EVERY single coin was a solid XF-AU grade !! That alone would make it great, but there's more. The seller was also in California and 84 of the 103 coins was an S or D mintmark !! So these coins were actually almost all "collector quality". Many dates, like the 1937-D, 37-S, 39-S and 41-S actually are list at $20-30 each in XF/AU quality.

So although it wasn't a "find a 1916-D mercury" type of score..it was definitely a very nice acquisition. Oh, and before I forget--on the same day my Proof ASE's arrived from mthe mint. I still have my Five Free Submission coupon from re-newing my membership so they will be off for encapsulation this week at NGC grading.

So that's the skinny on one of the recent happenings in my coin collecting ventures. Here's a picture of the 103 Walkers-- or 37 ounces of collector grade bullion...

To see old comments for this Journal entry, click here. New comments can be added below.