Would you crack open a monster box?

[Glass]

Ok, so imagine for a moment if you can, you purchased a monster box. 100% hypothetical. They come strapped. Would you crack one open or would you leave it sealed?

Are there pro's and con's or does it just not matter for bullion coins?

[Dogman]

Ok, so imagine for a moment if you can, you purchased a monster box. 100% hypothetical. They come strapped. Would you crack one open or would you leave it sealed?

Are there pro's and con's or does it just not matter for bullion coins?

Crack it!
Screw all the rest of the answers...

In less than a new York second.


Just to conform.. Do not trust anyone,,

[BrewTech]

I kept one for a long time and never opened it. Traded it to a coin dealer. Got paranoid and went back two days later to see if he would open it to confirm the contents. He called his trading partner and told me he gets a small premium if it is unopened and told me not to worry about it, considering where I originally purchased it.

Hope that helps.

[SeekYeFirst]

It would "cost" $250 in Tulving's buyback price. He pays $1.90 per unopened and $1.40 for opened 2010s. So, I would NOT if I planned to sell for a check.

[BrewTech]

It would "cost" $250 in Tulving's buyback price. He pays $1.90 per unopened and $1.40 for opened 2010s. So, I would NOT if I planned to sell for a check.


Well, it appears there is definitely a premium attached if it is unopened, so if you are willing to be assertive enough upon sale to insist on the premium, then it seems it would be a good idea not to open it, provided you trust the entity you purchased it from.

I got a buck over when I traded, the dealer probably got a little more. I basically got the same price I would have gotten had I sold the tubes individually. But I'm kind of a dumbass when it comes to selling, so...

Then Ag went through the roof! :boohoo

[bellevuebully]

Crack it open or buy 1000 ozers.

Why would you pay premium on coins when you are planning on selling the lot.

Send it to me. I'll bust it open.

[JohnQPublic]

Think of it like a real big case of beer. What would GSUS do?

[1970 silver art]

It depends on where you bought the monster box from. If you bought a monster box from a reputable dealer such as APMEX, then I would not crack it open if you plan to sell it at a later date and want to try to get the "unopened monster box" premium on a monster box. If you bought a monster box from a dealer that you are not very familiar with, then you might want to crack it open. In this case, peace of mind wins over getting an "unopened monster box" premium at the time of sell (if you decide to sell later).

[Uncle Salty]

Hell yeah!

When silver is $500 an ounce what's a piddly .50 cent premium per coin?

And if I had a monster box, I would not have purchased it with the intention of selling it all at once.

Keeping it closed is ghay.

[StackerKen]

I'd open it

[SLV^GLD]

The correct answer is to buy multiple MBs and open 1 of them for fondling pleasures. ;)

[milehi]

I'd open it to see if there were any miss-strikes.

[Greenbear]

It depends on whether your planning to sell it all at once or coin by coin.

[bellevuebully]

It depends on whether your planning to sell it all at once or coin by coin.


Again, why would you sell one of these things as a unit? Serious question. You might as well buy a comex bar and save the premiums. I guess that if it is an issue of storage it would make some sense. A mb can be broken up and stored in a more diversified manner. But short of that, are there any other reasons anyone can think of?

[Greenbear]

It depends on whether your planning to sell it all at once or coin by coin.


Again, why would you sell one of these things as a unit? Serious question. You might as well buy a comex bar and save the premiums. I guess that if it is an issue of storage it would make some sense. A mb can be broken up and stored in a more diversified manner. But short of that, are there any other reasons anyone can think of?


My theory (actually my husband's and it makes sense to me) is that it is an issue of security and liquidity. Silver bars can be easily counterfeited, and when the price rises high enough watch out because they will be! One willl have to drill to ensure it is actually a silver bar.

Coins on the other hand, are not very easy to counterfeit at all. Especially silver coins minted by the Perth Mint, and others. Plus there's the "ping" factor. You can test one ounce silver coins by striking them with your finger and listening for that distinctive sound. This is a real advantage over bars, in my opinion.

One advantage of well known, government mint issued, silver coins is that they are recognizable to the man on the street, whereas rounds are not. Much easier to do business with if need be.

Will you want to sell a silver bar for many thousands, or hundreds of thousands of dollars, or do you want to reserve the option to sell in much smaller quantities, perhaps under $600? And who really knows what the govt will do about silver. In addition to being the common man's money, it has many industrial, technological, health, and military uses. And what could possibly happen with silver if or when we go to war, considering it has military applications? There is also evidence that some countries are beginning to limit the silver that leaves their borders.

Large bars are for the very rich, imo.

[gunDriller]

Ok, so imagine for a moment if you can, you purchased a monster box. 100% hypothetical. They come strapped. Would you crack one open or would you leave it sealed?

Are there pro's and con's or does it just not matter for bullion coins?


the strap isn't rocket science. isn't it one of those woven plastic tape (strong tape) seals ?

maybe open it - to verify, and so you can take a bath in SAE's, put them in your underwear (to protect against dick stabbings) (or to put a smile on the TSA agent's face) - and then put it all back together and re-tape-seal (whatever it's called) it ?

[bellevuebully]

It depends on whether your planning to sell it all at once or coin by coin.


Again, why would you sell one of these things as a unit? Serious question. You might as well buy a comex bar and save the premiums. I guess that if it is an issue of storage it would make some sense. A mb can be broken up and stored in a more diversified manner. But short of that, are there any other reasons anyone can think of?


My theory (actually my husband's and it makes sense to me) is that it is an issue of security and liquidity. Silver bars can be easily counterfeited, and when the price rises high enough watch out because they will be! One willl have to drill to ensure it is actually a silver bar.

Coins on the other hand, are not very easy to counterfeit at all. Especially silver coins minted by the Perth Mint, and others. Plus there's the "ping" factor. You can test one ounce silver coins by striking them with your finger and listening for that distinctive sound. This is a real advantage over bars, in my opinion.

One advantage of well known, government mint issued, silver coins is that they are recognizable to the man on the street, whereas rounds are not. Much easier to do business with if need be.

Will you want to sell a silver bar for many thousands, or hundreds of thousands of dollars, or do you want to reserve the option to sell in much smaller quantities, perhaps under $600? And who really knows what the govt will do about silver. In addition to being the common man's money, it has many industrial, technological, health, and military uses. And what could possibly happen with silver if or when we go to war, considering it has military applications? There is also evidence that some countries are beginning to limit the silver that leaves their borders.

Large bars are for the very rich, imo.




That is exactly my point. If you buy coins, sell them individually, not in a 1000 oz lot. If you are planning to do that, buy a bar and save the premium. Btw, I have sold several 1000ozer's and if they are recognized, poured (not machined) bars, they are very difficult to counterfit and are very easy to sell...no assay....just drop it on the counter and collect the money. Cha ching!

[sunnyandseventy]

I'd open it. Curiosity would get the better of me.

[Trinity]

I would not open it.

[SLV^GLD]

This thread is awesome. :D

[Greenbear]

just drop it on the counter and collect the money. Cha ching! :D