| Author |
 Replies: 24 / Views: 4,460 |
Page 2 of 2
|
|
|
|
Valued Member
United States
271 Posts |
It is funny how much engel sell for!!
silver is silver!!
|
|
Pillar of the Community
United States
3670 Posts |
 I think what the frugal minded forget is.... Engelhard's cost more but they always bring more, so those factors cancel each other out in my mind.... I have spent some big premiums on higher priced silver and gold, as that is what I like to collect, so like RastaT said, to each their own.... I bought a silver Britannia a couple weeks back, which is a 2010 graded MS 69, and it is only 1 of 26 on the books so far at MS 69, and 7 at MS 70. Granted, more will be added I am sure, as it is only mid way through 2011(who knows if you graded all 500,000 of them, you might have 100,000 MS 69 I know, lol), but in time less and less will be graded, and as far as I am concerned that piece will always command at least double beyond spot for its rare nice quality, as only 500,000 from 2010 were minted. Even if 250 get graded MS 69, it is still a rare hard to find piece, so I am happy to have it.... I figured that paragraph above, would help you take into account many different prices and listings for the exact same piece of silver and the grading system, as MS 70 is the highest grade I do believe. I could have payed 54 bucks for the coin above NOT graded, but I forked out a bit more for the nice rare graded coin. You will notice many other members here spitting off letter and number combinations for other graded coins that I have not wrapped my head around yet, lol. So much to learn for all of us, have fun and good luck! Edited by Silverhawk74
05/30/2011 12:08 pm
|
|
Pillar of the Community
United States
931 Posts |
To me it's a safe ounce of pure silver. I don't collect bars, but if I did I wouldn't payomits than 2 or 3 dollars over spot no matter who refined and manufactured it. I do have one bar from when I was a kid because it has a beautiful portrayal of Secretariat on it. Somehow I managed to hold on to it through some pretty hard times, so I like it a lot. I can understand buying fancy bars of silver because I am a fool for American Silver Eagles and I also payed way too much for a few Chinese Silver Pandas and a Chinese Silver Unicorn. To each his own and welcome to this great forum.
Edited by junior e
05/30/2011 12:24 pm
|
|
Pillar of the Community
United States
3670 Posts |
Of course you can get the Engelhard in silver rounds as well, via the 1 oz. prospector, very popular version....
|
|
Bedrock of the Community
United States
14454 Posts |
I think the reason they cost more is some of them are collected just as you would collect varieties of any other minted item. They usually do sell for more than spot but as was said above they usually bring more when time to sell also so someone that refuses to pay more than spot may lose 10% when it comes time to sell, and the higher spot goes the more that 10% will add up. Of course this is if you sell in the right venue, if you sell to a scrap metal place you are going to get spot or under, but if you sell where the collectors can see it chances are you are going to get spot plus that 10% for the item
|
|
Pillar of the Community
United States
648 Posts |
Just some advice - as many have mentioned there are several ways to buy 1 oz of silver. From a generic 1 oz, to a premium name such as Engelhard or Johnson Matthey etc. At the end of the day, they all have 1 oz of .999 silver. When it does come time to resell, the Engelhards and JM's can fetch you a higher sell price (as can an ASE). All of the items below are at an average of $38 dollars per oz, no tax, no shipping that I've collected from coin shows & dealers. These items are very common and popular among bullion and numismatic collectors. Good luck & welcome to the forums.  Edited by tripncoins
05/30/2011 3:21 pm
|
|
Pillar of the Community
United States
3670 Posts |
Great picture and example from Tripncoin above, and all those pictured if listed right now in a 24 hour auction on ebay starting at a dollar, would produce I would guess just over 50 an perhaps as high as 60 bucks.... You have to account for listing fees, pay pal, and shipping, but still I wished I had that connection here local, 38 total for any of the above pictured.... |
|
Valued Member
 175 Posts |
Thanks for all the advice. I bought the 2012 United States Coin Guide to help me out a bit so I understand the grading scales a little bit. Pretty stoked to start collecting my friends mom gave me a 1964 Roosevelt dime and I wanna say its a 1913 buffalo head but its pretty worn down so you cant see the date but the dime is actually in pretty good condition I know these two pieces aren't much but they were gifts I guess so its a start. I learned today that I have a coin shop in my town so gonna go check it out in the next couple days I hope its legit. I was wondering whats a good thing to keep coins in to keep them in good condition. |
|
Pillar of the Community
United States
3670 Posts |
Airtight capsules I like, some use simple plastic sleeves, and graded coins are of course sealed away under airtight plastic forever.... I saw a 1913 graded Buffalo nickle on ebay I recall, and it was like in between 100 and 200 dollars, but of course it was in good graded condition which means everything.... Keep it up, and keep us listed on what you find and go after. I know off of the top of my head, the ASE, the Canadian wolf and bear/wildlife coins, and the China panda's are sought after by many, so those are always good starting rounds if re-sale is a major priority to you.... |
|
Pillar of the Community
United States
511 Posts |
I totally agree with your name, Ron2012Paul.
|
|
Pillar of the Community
United States
2120 Posts |
I think that the way you buy silver should be the same as the reason you are buying silver in the first place. Diversification.
Out of all the silver I own I try to keep;
40% in 90% US Classic silver coins
10% in foreign classic silver
20% in premium bullion and bars (ASE's, Englehard, Etc.)
30% in non premium bullion bars and coins
This has worked well for me thus far. I do though keep very tight purchase records. I track date, location, purchase price + premium, spot that day, and description.
Now this might be over kill, but I'm a bit of a numbers guy.
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
Now this might be over kill, but I'm a bit of a numbers guy. Over-kill is good!  |
|
Pillar of the Community
United States
648 Posts |
I agree. I also keep a detailed excel sheet of all my purchases, count, cost, spot price that day etc.
|
|
Valued Member
175 Posts |
My Buffalo nickel is in pretty poor condition so its hard to put a value on it but its still cool to have. Ill have to go check out my coin shop here in town for some sleeves and airtight plastic. I'm bidding on a 64 Kennedy half dollar right now thought that would be a good start but I'm really liking the ASEs, probably next on my list for sure. |
|
Valued Member
United States
59 Posts |
i dug this one out becasue since silver hit $0 again I've slowed my buying down focusing on engelhard bars, this enables me to get my silver fix on without buying quantity. I've snagged 8 so far in the past 3 or 4 days, getting them for $42-44. cheapest one came in at $41 shipped.
i think I'm going to look at high end 1oz bars more, I read an article that pamp suisse and JM are the preferred forms of silver in europe.
|
|
Page 2 of 2
|
Replies: 24 / Views: 4,460 |
Page 2 of 2
|
First Page
Posted 05/30/2011 11:56 am
