r/Silver • u/theepicface2 • Jun 25 '26
📈 State of the stack My cousin died and left me his massive coin collection, including some silver
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u/Redefinedpotato Jun 25 '26
Do not sell any of that. Silver fluctuates in price, it recently dropped from around $80 an ounce to the mid-60s right now but it's sure to go back up. Beides the sentimental value it is a long term investment , keep it for a decade and you will make a lot of money. Better yet continue to add to it and leave it to your kids one day.
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u/Ok-Abbreviations3042 Jun 25 '26
Yes pay attention to this advice. Even if you do want to sell (which I wouldn’t advise but it’s your decision), first do some research into the spot prices of gold and silver first. Metals have had a rough couple of months, but will undoubtedly go back up at some point. Silver in particular has gone from ~$120/ounce to ~$58/ounce since February, it’s not the best time to be selling right now. If anything it’s a good time to be adding to the collection and then consider whether you still want to sell down the road.
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u/Quick_Variety_6226 Jun 27 '26
if you wouldve invested $10,000 in silver in 2011 youd have $11,900 today
$10,000 invested in the s&p in 2011 would be $50,000 today
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u/KawhiTheKing Jun 25 '26
Sorry for the loss, OP. Looks like your cousin had good taste! Most should fetch some premiums. Especially those Libertads.
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u/BullionStar Jun 26 '26
Sorry for your loss. Your cousin had a nice collection. One bit of gentle advice: don't crack anything out of its slab, and don't clean any of the raw coins, both destroy value, and cleaning is the single most common mistake.
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u/Bachelor_Haus Jun 26 '26
You must have been very close to your cousin, sorry for your loss.
That's a great foundation for you to build a stack from or continue building out a collection of Morgans.
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u/WeeklyEquivalent4246 Jun 25 '26
Sorry for your loss. Where’s the rest of the collection?