What should I do?

The wisest information one can get brand new to silver collecting and real simple plan to follow....

Buy American silver eagles, as many as you can get each and every time, welcome to the site.....

Welcome, colu41!

Based on your comments, it sounds like you've already made some wise choices so far. You're buying your 90% silver close to spot. Excellent! There are few more efficient ways to start building your silver stack than with 90% silver. Those 3 ASE's are beautiful additions to the collection and I'm sure over time you'll add many more to your stack. However, unless you just find a truly exceptional deal, the much higher premium you'll pay for the ASE's compared to your 90% silver will just hurt your dollar cost averaging.

to CCf fellow Michigander. I think I would go with ASE if all your after is the silver and 90% if you like the old look and history of our coins.
John1

1st step - buy as much silver for a $ as possible.
2nd step - in time of accomplishing step 1, educate yourself, learn the coins, the metals, the markets, whatever .. Continue doing step 1.
3rd step - considering you are learning something in step 2, change your collector's interests toward whatever silver you like, at whatever prices.
4th step - go for your interest.

i grew up on Norhern Michigan.. welcome!

i too LOVE 90%

what I have seen trending is morgans and Peace dollars tend to carry the most premiums. instead of getting them for melt like quarters and dimes and halves, dollars your going to pay $5 more for usually. I tend to convert my smaller 90% coins into morgans and Peace dollars. I like holding the weight of a dollar verses smaller coins...

but like others stated above, lower the grades, you can obtain more Troy ounces of silver per dollar spent over ASE's.

if this is for investment purposes, I would try to get the highest grade 90% you could find for MELT. usually franklins, Kennedys, 63-64 quarters and dimes tend to stay around melt.

my theory behind this method is that if you hold on to these as investment, im hoping that 10-20years down the road, your mint state 90% will have increased its value much more over melt today.

i really think the 63 franklin, 64 kennedy, 64 quarters and dimes are undervalued as most people sent these off to the refinery during all of those melt offs in the 80's and a few years ago when silver peaked. who knows how many of these did not get melted? same theory applied to some Morgan dollars right?

anyway, its about bang for your buck. from my own experience, buying higher grade franklins, kennedys and 90% will pay off down the road, verses heavily circulated 90%...i really think it will appreciate different.

silver is silver, true, but it helps me sleep better at night if silver went from $30 -$26/oz if I paid $30 for a mint state 49-s franklin, than for a $30 bullion round, that I could of waited a day and got it for $4-$5 less... I dont know I guess for some people that doesnt mean anything. im poor and when I spend any $$ I want to get the most of out my fiat currency...lol...

that goes for 90%. if silver is at $30/oz. and the junk silver quarters for $5.45 that day. then the next week if silver dips down to $25, that makes each quarter $4.50. I could of saved $1 on that junk silver had I waited..

now, if you buy a MS64, franklin for $30-35... id say that coin isnt going to depreciate anytime soon...

anyway, thats just me...

I try to have both bullion coins and junk. I would collect what ever you like you know,especially if it catches your eye and not your wallet