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 Replies: 17 / Views: 4,749 |
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Pillar of the Community
United States
992 Posts |
Nice coins, nothing wrong with them. Avoid proofs and non-government 'tokens', regardless of cost. The purpose of a silver stash is to have coins that can be exchanged for goods, so stick with actual coinage from a reliable government mint. Maple Leaves, US Liberties, UK Britannias, things like that.
Dollar cost averaging is the way to buy, sometimes the bullion is high, sometimes low, but you're still adding to your stash. When bullion gets too high, it either time to sell or just stop buying for a while. It all runs in cycles, but don't let people tell you they know what the price will be next year.
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Valued Member
United States
154 Posts |
Very nice start to your collection. My opinion differs somewhat from some of the above. I don't see anything wrong with plain silver bullion. I'm not saying to go buy rounds that say Joe's Hobby Shop on them but there are many reputable dealers and mints that sell quality, recognizable bullion that no one would hesitate to recognize as silver bullion and comes with a premium much closer to spot. Government bullion, yes is more recocnizable and has a country standing behind it, but with that you pay a higher premium, a premium that you may or may not recoup. That being said, it is best to diversify and get some of both and if you become interested you may even look into numistatics at some point.
All and all you will not get rich stacking silver. They way I look at it is every bit I put into silver is actually it's own savings account I have on hand. That's why I don't condem my self too badly when I spend too much, it's still my money, just in another form. Many opinoins will follow.
JMHO of couse and good luck.
Edited by Taphandle
10/05/2017 1:43 pm
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New Member
 Canada
26 Posts |
Thanks so much for the fantastic responses! I plan to buy the maples because they are recognized and have a very high purity content. Even to resell them I have had a lot of interest and I could easily resell them in my area for around 2-3$ premium. So a question I have is how much different are the maples from regular .999 1OZ bullion?
ps:(taphandle) I just started a small modern collection of canadian quarters and identifying very few varieties, my oldest coin is only a 1936 penny.
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Valued Member
United States
120 Posts |
@Taphandle
Exactly the way I look at it as well. And I certainly enjoy looking and holding it in hand a lot more then looking at an account balance in my check book
Congrats on the start of your stack!
Edited by mr1030
10/07/2017 03:41 am
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New Member
Canada
26 Posts |
Thanks guys, I think eventually I will get into some bars, wafers and such any suggested dealers/mints?
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Pillar of the Community
United States
4333 Posts |
Nice. Does anyone know if the milkspotting is still an issue? I tend to avoid Maples for that reason.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Bedrock of the Community
13014 Posts |
Quote:
Does anyone know if the milkspotting is still an issue? Yes, and unfortunately it's not just a Canadian problem anymore |
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Pillar of the Community
Canada
5246 Posts |
Many say that silver is a poor investment right now, and they might be right. However, it is an accepted principle of investment that you should diversify. So it makes sense to have SOME silver. And others are correct that it is also a form of wealth protection, so in that respect it can't be looked at strictly from an investment perspective.
HOW much depends on you of course. Do not neglect security, either, if you start to accumulate a lot.
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Pillar of the Community
Norway
1358 Posts |
Silver coins is always good. If numismatics collapses, you'll still have the metal value. If silver collapses, you'd still have the numismatic value. And you have the fun of collecting, of course, no matter what. However, silver as investment is a long term gamble. You never know if prices go up or down and if so, if the change will beat inflation. So I recommend to only use 'spare money' on this and consider it written off until stated otherwise. Quote:
Does anyone know if the milkspotting is still an issue? It is, unfortunately. And I agree with Basebal21 here: it's not just Canada you should worry about. |
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Pillar of the Community
Canada
1051 Posts |
You'll never lose money in metals, IF you refuse to sell when your items are in the red. Like a couple people already mentioned, it's a savings, just try not to tap into it unless absolutely necessary, or if you can make a profit or forward-looking trade (ie. when ratios shift in your favor).
I own some higher premium semi-numismatic stuff, but the rest is all standard bullion from recognized world mints, the majority in Maples.
On my desk there's a Libertad, a Britannia, and an Eagle on display. I don't really care about the premiums on these, I just love the coins...they're little pieces of art!
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Pillar of the Community
United States
1450 Posts |
So should we buy junk silver as hedge or brand new silver eagles or other big and shiny coins? I own numismatic stuff in general but I like big, silver coins. They have value and you can hold them in your hand. Even if you own stock certificates you still just have a piece of paper like our fiat currency. Icent You are so right about many coins being pieces of art. You look at MS version of a Liberty Standing quarter and you see art. |
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Bedrock of the Community
United States
94367 Posts |
Not a fan of silver investing, but -  to the CCF! |
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Bedrock of the Community
United States
11951 Posts |
Everyone seems to have a different idea .. for the best way to collect silver.
For me ... I buy what I like ... and/or what I can get at the closest to silver price.
As mentioned above ... use spare money you won't miss.
Do not sell when the price is low.
When price is low buy more ... to offset the silver you bought at higher prices.
I do like Maple leafs ... but would guess I have less than 50 of them.
I am sure I will have more in the years to come.
I also like dollars .. halves ..quarters and dimes
Also
U.S. 90%
Silver eagles
And most any older foreign silver coins.
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New Member
United States
8 Posts |
Nice pieces as long as your happy that is what matters. Stack on!
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Valued Member
United States
142 Posts |
Stacking junk silver a n d silver close to spot for the base of the stack.
Than I got coins lower mintages for modern coins/ rounds so
There is room for growth.
I actually started backwards lol. I was getting morgans cc.
I like diversity.
I tend to stay away from certain coins
That are prone to milkspot. Oh and
Add some poured bars.
Edited by Liquidsilver7
10/11/2017 9:57 pm
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Replies: 17 / Views: 4,749 |
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Posted 10/05/2017 1:41 pm
