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 Replies: 23 / Views: 3,678 |
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Pillar of the Community
United States
7193 Posts |
Both are beautiful coins and under appreciated.
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Pillar of the Community
Canada
2805 Posts |
I would buy any undamaged world silver coins at melt. Flipping them will require some solid knowledge as to what is a good pick and has numismatic value, and it is not exactly as liquid, but there is always a chance that you will score... and this chance is much higher than the chance of pulling American key dates out of junk silver (which is also possible  ). |
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Pillar of the Community
United States
561 Posts |
I will chime in with my OPINION which is just that. I am far from an expert.
The first thing to consider is how you define INVESTMENT. To me an investment is anything that is purchased with the hope that it will generate income or appreciate in the future. Obviously a stack of physical silver is never going to generate income so you are looking at only price appreciation to make it an INVESTMENT. We can argue the merits of that all day long and truth be told nobody really knows what the future will hold but SILVER has proven to be a pretty effective store of value where as the U.S. Dollar (assuming that is what you would hold if you didn't buy silver) has not.
I would consider buying "junk silver" to start as it represents the most economical means of acquiring silver and is fairly liquid should you change your mind. There is certainly going to be risk associated with any purchases in PMs but to me this is the area with the least risk until you acquire additional knowledge in the more collectible coins. As previously mentioned you will get the opportunity to see many different series of coins that fall into this category and maybe one catches your eye as a collector.
Ultimately, it needs to be something you enjoy doing not just something that you are looking to make money doing. If you enjoy collecting and investing in silver you will likely put in the necessary time to make better informed buys and sells, you won't win every time but the idea is to win more than you lose and enjoy what becomes a wonderful hobby with some potential financial upside. As long as you aren't spending the mortgage payment to speculate you will be just fine.
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Valued Member
United States
231 Posts |
If I had $150 to invest in silver right now, I'd buy a 5 oz ATB, and you'd still have about $20 left over. |
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Pillar of the Community
United States
8516 Posts |
Personally I like the 10 ounce Scottsdale Stackers. Just hang on to em till prices go back up. They sell like hot cakes and at a premium.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
1109 Posts |
One thing I have recently done to kind of diversify my silver is to buy both Silver Eagles and foreign silver coins. I have several Libertads, Chinese pandas, Australian kookaburras and koalas, Canadian maple leaf coins, etc. That way, if something, like say, the 2013 Kookaburra, skyrockets in price, I can sell it, buy MORE silver, and still have a collection that's not all ASEs. When you buy them fresh from the mints, they are usually only a little more than what you'd pay for ASEs. Just an idea. |
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Valued Member
 United States
339 Posts |
Most of my current silver (around 90% of it) was found when I was at work and switched them out with the normal cupro-nickel ones in my pocket, since I stopped being on register I stopped finding silver in circulation and now have to buy it.
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Valued Member
United States
385 Posts |
Hello,
If you're considering investing in silver, I'd suggest that you go to local coin shop and purchase 1oz to 10oz silver 999 pure bars as these are the cheapest and would be most appropriate for your budget.
Another option is to consider 90% junk silver, although these would have a lower market buy-sell price (compared to pure silver) due to their 90% purity and the associated costs of refining silver to become pure which can be costly. When buying junk silver, you should also take wear into account (buying by weight is cheaper than buying by face value (count)).
I hope this helps and good luck.
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Pillar of the Community
United States
3789 Posts |
Currently at this moment, you should NOT be investing in silver. If you start at this moment are will start that investment being underwater and thats not how good investments start.
The notion that you want to buy and average in a little a time as the price slides is also a big no no.
Furthermore, to anyone who says "this for a long haul".... this is also a mistake because no one knows the future and how long it will take. Dont waste your cash on investments that go no where.
Remember, silver is a commodity, a highly volatile one at that. Averaging in does not work for commodities as it does for stocks. You have no divy, you have no wide diverse range of investors (such as value investors), you have nothing but supply and demand.
Investing and buying silver right here right now would be unwise and anyone who is buying at these levels is sealing their destiny with a horrible investment that is doomed.
ONLY buy silver until it is confirmed that prices are rising. PERIOD.
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Pillar of the Community
United States
4333 Posts |
Quote:
ONLY buy silver until it is confirmed that prices are rising. PERIOD. Got it! That's why I'm stacking, prices are falling and CHEAP! When prices start rising, that's when I'll stop! When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
3789 Posts |
I am so sorry Mr Fistfull but buying commodities that are falling in price is a bad idea. I hate to be the bearer of bad news but those are buying at these prices will regret it. Worse yet, when you go to sell it, you will sell it for a loss. In the end its your money, but I thought I'd give you fair warning.  Buying falling assets, especially commodities is a bad thing. But hey its your money, I wish you the best. |
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Pillar of the Community
United States
561 Posts |
yup7676 - I am usually right with you and I follow your posts with great interest however on this one I have to disagree. I don't question your knowledge of technical trading and price action but I can't understand your definitive stance on this given your willingness to acknowledge the fact that none of us can predict the future with certainty. Unless of course you are certain that silver will NEVER be worth more than it is today.
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Pillar of the Community
United States
589 Posts |
I have invested over the year in junk silver coins, some uncirculated 90% and 99% silver coins and a few silver bars that struck my eye. Yes as said silver is volatile in price and can go up and down and agreed that you should not be focused only on PM's as your only investment, but having some on the side is good as well. Stocks and bonds are also volatile and is driven by market conditions and company performance and can go down as well. So diversity is the key here. And above all enjoy the silver coins you buy for this is what the hobby is about .
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Pillar of the Community
United States
3789 Posts |
@Merc
I appreciate your comments. I agree, no one can predict the future. I cant, I know that, I dont have a crystal ball and guessing the future doesn't make me money.
Rather, what works from past experience is recognizing the current circumstances. When we look at silver and gold, they are in very strong downtrends. Investments should make us money, not stay stagnant, do nothing or even worse, go lower from where we put our money.
Not that I am against putting "some" gold and silver away for investment. DOnt get me wrong, I am not against silver and gold. But as far as buying right now, right here, would be very unwise.
Trends are very powerful, long lasting and dont reverse with a snap of the fingers. Unless you have been selling short gold and silver, this downtrend has been painful for folks holding at higher prices. Trends come and go, and after a trend is over, everything has its cycles.
However, based on where the money is flowing right now, how much work silver and gold have to do to get higher, I dont see silver and gold being worth putting money into right now. It would be better to put money to work in assets that are working and when silver and gold are ready to move higher, they will let us know by price action. When that happens, it will be early and there will be plenty of time to buy and watch prices go higher.
Will silver and gold always be worthless? No I dont think so. My point is tho, for now, at this moment, allow the dust to settle before putting money into silver and gold.
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Bedrock of the Community
13014 Posts |
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I can't understand your definitive stance on this given your willingness to acknowledge the fact that none of us can predict the future with certainty. It almost certainly will go back up, but just because you sell for more than you bought for that doesn't tell the whole story. For example if you bought for 25 in the early 80s and sold for 50 a couple years ago you doubled your money, but it took decades to do that. The question really is when not if it will go back up. Sitting on something for decades that provides no interest or dividend payments just isn't a good investment. With silver specifically its not like it hit 40 or 50 in a day or two either, theres plenty of time to see the build up with room to spare as far as making money. Theres a greater chance youll have to sit on it for a significant portion of your life (probably watching it lose value too) at these prices than there are that you would completely miss the money making opportunity in a run up |
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Replies: 23 / Views: 3,678 |
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Posted 12/13/2013 11:41 pm
