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 Replies: 23 / Views: 3,664 |
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Rest in Peace
United States
9104 Posts |
 People would rather have 90 ounces of silver than 100? ASE were not an option. |
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Rest in Peace
United States
9104 Posts |
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Pillar of the Community
Canada
1502 Posts |
Depends on what I want to do with it, exit strategy if you will.
In SHTF scenario, even a hammer will be more useful than an 100oz bar I think. But, if I mean to profit from selling silver some time down the road, i'd rather the simplicity of one transaction versus the potential to have to break up the sales of 100oz of of coins into multiple sales.
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Pillar of the Community
United States
3670 Posts |
I have never bought one piece of 90% in my life, but hey if they were real nice VF, high grade option Morgans or Peace dollars for example, why not? Get a little numismatic action going eh. Most here love that an why not as I find it more fascinating the more I learn about rare date coins with that extra special letter added on, via an S or a D, lol.... Which would bring more if you turned 50 oz. of quality rounds loose on ebay, and fifty more Morgan an Peace dollars, 25 each all close to UN-circulated like Provident lists them, or a 100 oz. J & M bar? Keep in mind no listing fees, and no zooms or features, so just 100% free to list and the fair shipping listed for each auction, so 100 actions verses one with the 100 oz. bar, which would yield more? I say the 100 coins would, but just my gut who knows in the end.... I know which one would be a HUGE pain in the backside to ship, esp if you drew 100 different winning bids, lol.... In the end, to each their own as always, as there is no right or wrong answers, everyone does what they think is the best move for them, and that is all that matters in the end.... |
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Valued Member
United States
78 Posts |
I go for more coins...more fun to look at than one big bar!
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Valued Member
United States
223 Posts |
I voted for the coinage. A 100 oz bar limits your sales options. I have been thinking about a 10 oz bar. Seems that I have an easier time selling that. I do have an 8 oz ASE and it is impressive to look at. |
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Pillar of the Community
United States
3184 Posts |
100 oz in US coins is better and more liquidable |
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Valued Member
 United States
306 Posts |
thanks for the input from everyone
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Rest in Peace
United States
9104 Posts |
Quote:
I know which one would be a HUGE pain in the backside to ship, esp if you drew 100 different winning bids, lol....
That's a lot easier than a couple dozen sales of different amounts that need different packaging, where you have to check you didn't put the wrong amount in the mailer. |
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Valued Member
344 Posts |
100 oz of coins is best. Honestly dimes are king in a SHTF situation.
100oz bars might be good if you were buying big stuff like a car or a house or a boat or something that today costs thousands of dollars. But a big bag of 100oz of coins can be used to buy big stuff but also can buy smaller stuff too like food, get gas for your car, trade for electronics, well pumps, w/e you need.
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Pillar of the Community
United States
759 Posts |
100 oz of NET SILVER WEIGHT in the form of 90% coins. That's the valid comparison. And in a true SHTF scenario, there will be no premiums over metal content, unless that 100 oz bar you're talking about comes in the form of a gun and works like one too.
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Valued Member
344 Posts |
Oh dont worry for the SHTF situations I already got the firearms covered :D
But then again 100oz would be able to buy a seriously wicked weapon.
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Pillar of the Community
United States
648 Posts |
100 oz brick please.
Edited by tripncoins
03/05/2012 11:07 pm
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New Member
United States
29 Posts |
I have owned both, and believe that there are benefits to either. Realistically, in a SHTF type of scenario, the smaller denom would be better to start off. However, as things start to bounce back, the silver that you cannot "spend" like 100 ouncers, would be a store of wealth. It would ensure that you could come out on top.
People that own 100 ouncers don't buy them to use them, they buy them to store their wealth. Like a hedge against inflation. The easiest and most economical way to do this is with a larger denom bar like 100 ounces. The premiums are generally cheaper on 100 ounce bars because less people can afford them.
As far as junk silver is concerned, not really a good investment at all. They haven't been in circulation since 1964 in any real quantity. So, most people will NOT be able to identify them as silver coinage. The best smaller denom coinage will actually say 1/10th, 1/4, 1/2 of an ounce of pure silver.
I talk to people all the time that are friends of mine, in their thirties. I try to tell them that 1964 and earlier coinage (except nickels) are 90% silver. I tell them that they need to keep them.
They always call me up, excitedly telling me that they found a 1967 silver quarter. I have to break it to them. They still don't get it after many years. And, us younger generations will not get it unless they collect coins.
I think it better to have both large and small denoms. And, while your at it, make sure you have some silver and gold jewelry as well as silverware. Just in case anybody tries to strip us of our metals again.
But then again, this is just my circulated loose change...
Josh
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Pillar of the Community
United States
4008 Posts |
Quote:
The premiums are generally cheaper on 100 ounce bars because less people can afford them. It's usually easier and cheaper to make 1 large item than 100 small ones so that should also reduce the premium over the spot silver price. I know what you mean about talking coins to people who did not grow up with silver coinage. My daughter gets that deer-in-the-headlights look whenever I try to tell her about it and why it is important. To her, money is only what she can spend today. My son, on the other hand, gets it, and buys a little silver once in a while when he can afford it. He likes the 1-oz. bars and I try to encourage him on that but to also consider other forms, such as pre-65 dimes, quarters, halves, and dollars plus ASEs and Maples too. My parents are depression era people and they REALLY understand the value of silver and gold. Anyone who had either of these metals back in those awful days could buy anything they needed and lots of it. Money was hard to come by back then. We're awash in the stuff these days but it sure doesn't buy as much. Maybe that's because they had REAL money back then and all we have today is that counterfeited stuff.  |
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Posted 02/24/2012 8:29 pm
