The Magic Café
Username:
Password:
[ Lost Password ]
  [ Forgot Username ]
The Magic Cafe Forum Index » » Trick coin trickery » » What's the future for High End Silver Coin Gaffs? (0 Likes) Printer Friendly Version

 Go to page 1~2~3 [Next]
Sammy J.
View Profile
Inner circle
Castle Rock, Colorado
1786 Posts

Profile of Sammy J.
With Silver flirting with $50.00 per ounce, I can't help but wonder what will happen with the Silver coin gaffs.
I have read on Lassen's blog that he is having an extremely hard time finding good coins. I also note the escalating prices on Schoolcraft's site ($475.00 for a Morgan Dean's Set).

Dealers apparently are purchasing them and melting them down for the Silver content.

I know that real Siler coins are a luxury, but once you've worked with them, it's hard to go back.

I think they will still be available, but at a higher price and perhaps with even more limited production than we see now.

Cheers,
Sammy
Sammy J. Teague
TC Ryder
View Profile
Elite user
Florida
494 Posts

Profile of TC Ryder
Sammy you said a mouthful!! Silver prices have not topped out yet and quality Silver Gaffs will keep going up in price accordingly.
What is a Silver Gaff-a-Holic to do? I just found a 3CM I had in the drawer I tried to sell for $300 last year and nobody wanted it.
Now I am glad I kept it. Not sure where the top is but if Silver goes to $100 an ounce it will be very hard for most folks to afford any high end gaffs.


TC
www.realcoinmagic.com

"Real Coins for Real Magicians"
TWOCAN
View Profile
Special user
PORT RICHEY FL
890 Posts

Profile of TWOCAN
Lets go with the 40% silver. Still has the look and price is reasonable.
Just try that’s all you can do , never give up .
MJ Marrs
View Profile
Inner circle
Los Angeles
1123 Posts

Profile of MJ Marrs
I just sold all of my high-end gaffed silver coin sets so that I could afford gas for my car!
BanzaiMagic
View Profile
Inner circle
1339 Posts

Profile of BanzaiMagic
I hope not, but this time next year we might be looking back on $50 per ounce and thinking that was cheap.

Alan
Jonathan Townsend
View Profile
Eternal Order
Ossining, NY
27366 Posts

Profile of Jonathan Townsend
How about a foil press for single coins and a mold to make stacks?
...to all the coins I've dropped here
Sammy J.
View Profile
Inner circle
Castle Rock, Colorado
1786 Posts

Profile of Sammy J.
Quote:
On 2011-04-25 20:17, TWOCAN wrote:
Lets go with the 40% silver. Still has the look and price is reasonable.


Not quite the same look. I love Walking Liberty Halves. I do have a number of rolls of 40% Kennedys that I bought many years ago.

I am fortunate that I have purchased most of what I would use over the years, but as new gaffs are created, and if I want them, price and availability will probably be a factor.
Sammy J. Teague
Sammy J.
View Profile
Inner circle
Castle Rock, Colorado
1786 Posts

Profile of Sammy J.
Quote:
On 2011-04-25 21:18, Jonathan Townsend wrote:
How about a foil press for single coins and a mold to make stacks?

I don't get the connect.

Cheers,
Sammy
Sammy J. Teague
Bill Wood
View Profile
New user
Nova Scotia
98 Posts

Profile of Bill Wood
I wish I'd invested in high end gaffs years ago. I'm looking to buy the Triception set and I'm worried if I wait any longer I'll have to take out a mortgage to afford it.
Bryce Spears
View Profile
New user
20 Posts

Profile of Bryce Spears
This is a good topic. I have a gaffed stack of Morgans that cost around $300. I was thinking that there may come a time when the silver in the coins may be worth more than the price of the trick.

Some think that silver is going to keep going up. I think that both silver and gold prices are too high. I think that in the next 5-10 years silver will be back down to less than $20/oz. I certainly hope so at least.
Andrew Zuber
View Profile
Inner circle
Los Angeles, CA
3109 Posts

Profile of Andrew Zuber
My Dad is wanting to sell his massive coin collection and I'm begging him to hang onto it - he has some beautiful Morgans and Walkers, among other nice pieces. One of his Morgan dollars, from the 1880s, is worth about $500 on its own. I think he needs to give the collection to me, personally.
"I'm sorry - if you were right, I would agree with you." -Robin Williams, Awakenings
Bryce Spears
View Profile
New user
20 Posts

Profile of Bryce Spears
There are some that think silver will hit the $300-$400/oz range. I highly doubt it though.

I think it will peak at under $100. Like I said, I hope I'm proven wrong.
BanzaiMagic
View Profile
Inner circle
1339 Posts

Profile of BanzaiMagic
Bernanke just said that he's going to keep the spigots open for a while yet:
http://blogs.wsj.com/economics/2011/04/2......ference/

With Gold up 29.4% and Silver up 153.8% in the last 52 weeks as a result of past actions by the fed, I guess we can expect more increases in our future.

Regards,

Alan
NicholasD
View Profile
Inner circle
1458 Posts

Profile of NicholasD
I think magicians will continue to buy silver gaffs. But, at least for a while, those who may have purchased more than one or two of a favorite gimmicked coin set will probably settle for just one. I had five Triple Threats at one time. I'm sure others have made similar purchases ( you know who you are ).
MaxfieldsMagic
View Profile
Inner circle
Instead of practicing, I made
3009 Posts

Profile of MaxfieldsMagic
Quote:
On 2011-04-25 19:45, Sammy J. wrote:

Dealers apparently are purchasing them and melting them down for the Silver content.



That should be a crime, if it's not. Those coins are part of our history.
Now appearing nightly in my basement.
obsidian52
View Profile
Elite user
United States
402 Posts

Profile of obsidian52
JUST A THOUGHT....

Yes, Silver is nice, gorgeous actually but unless someone is a "coin colector" the average spectator only sees "coins"..period....

Yes, I know as a professional, I should work with professional tools yada,yada,yada I suppose silver being one of them....BUT....

As a semi amateur and not making that $400.00 a show payday, It would be a good thing if someone could make a "stamped gaff like kranzos half shell or a better shell from those "asian" morgan dollars that are sold inexpensively.....
Tom G
View Profile
Inner circle
SW Michigan
2916 Posts

Profile of Tom G
There's a number of people where I work buying silver coins just for the investment....
Andrew Zuber
View Profile
Inner circle
Los Angeles, CA
3109 Posts

Profile of Andrew Zuber
So in looking at the price of silver as it continues to increase, do you think it would be wise to hang on to silver coins, assuming that silver will continue to increase? Are we going to see it peak at some point, and if so, where?

I ask because I wanna buy a yacht, and that 1889 Morgan dollar is my ticket to the down payment. Or, if all goes well, my ticket to the whole boat.
"I'm sorry - if you were right, I would agree with you." -Robin Williams, Awakenings
NicholasD
View Profile
Inner circle
1458 Posts

Profile of NicholasD
You ask the question that plagues all investors: When do I sell? Silver reached $50.00 an ounce in the early '80's, then crashed. Admittedly, the reason it's rising now is different, but the outcome could likely be the same.

I certainly wouldn't put all my eggs into 1889 Morgan dollars.
Xcath1
View Profile
Inner circle
3165 Posts

Profile of Xcath1
I can't believe that the silver in a complex shelled gaff will ever be worth more than what you paid for the gaff. You paid for the 2,3 or 4 silver coins needed to make something that now contains the silver of little more than a single coin. I wonder if the Gaff makers have a way to salvage the shaveings and reduce their costs.
The Magic Cafe Forum Index » » Trick coin trickery » » What's the future for High End Silver Coin Gaffs? (0 Likes)
 Go to page 1~2~3 [Next]
[ Top of Page ]
All content & postings Copyright © 2001-2024 Steve Brooks. All Rights Reserved.
This page was created in 0.02 seconds requiring 5 database queries.
The views and comments expressed on The Magic Café
are not necessarily those of The Magic Café, Steve Brooks, or Steve Brooks Magic.
> Privacy Statement <

ROTFL Billions and billions served! ROTFL