| Author |
 Replies: 65 / Views: 11,230 |
|
Pillar of the Community
United States
586 Posts |
I am talking about 35% War Nickels, 40% kennedy, 80% canadian and 90% junk. After three years of price slump, people pretty much all agree that stacking really is to keep purchasing power; not to make large profit. When situation is dire, people probably will trade silver for food and service; who the heck cares about the numismatic values? So why don't we just stack 1 oz 999 silver rounds? The premium is among the lowest, anyway. |
|
|
|
Pillar of the Community
United States
946 Posts |
I think from a numismatics standpoint they would rather collect 90% as it tends to be coins and not just a plain boring silver round/bar etc. They can then look for varieties and have actual silver coinage that was used as opposed to the .999 . I do a little bit of both with coin collecting as well. I guess its just personal preference and what your original intentions were with purchasing the silver.
|
|
Pillar of the Community
United States
946 Posts |
Not to mention other little nik naks to be found. I bought some 90% quarters and I found one of them to have a lamination,die crack,cud, and a RPM on it. Pretty neat stuff and a much better chance on old silver coinage as opposed to newer silver bars,rounds,coins.
|
|
Pillar of the Community
United States
4085 Posts |
Not a stacker, but silver is silver. When it comes to silver as a store of value, it doesn't much matter the form in my opinion. I believe the proper term is that money and precious metals are fungible - in other words, easily substituted for one another.. An ounce of silver is an ounce of silver regardless of form.
|
|
Pillar of the Community
United States
940 Posts |
If an owner of silver rounds wants to sell them before the Armageddon, they will be easier to sell without the abrasions from stacking.
|
|
Pillar of the Community
 United States
586 Posts |
My LCS charges $2.79 over spot for 90% junk; and Provident only asks for $0.74 over spot for 999 rounds. When I started to buy silver several years ago; I only looked for pure rounds and didn't even know that US coinage before 1965 were silver. Purity probably is more important to the majority of people when they need to trade silver for food and service. |
|
Pillar of the Community
United States
586 Posts |
And moreover, many 90% coins lost some silver content during circulation; you can see from the rim of Barber quarter that it is only 2/3 thick of a washington. If people trade silver by weight, those circulated silver coins are at disadvantage. |
|
Valued Member
United States
85 Posts |
I'm new to PM but here's my opinion. Many stack for purchasing power (hedge) but some deep down hope to make a large profit. People collect numismatic to have the best of both worlds. Sell for silver value or numismatic. Collecting bars or generic bullion can get boring I assume after years. I shy away from generic bullion because if I ever sell, who will trust it? With so many China fakes of the name brands, a no name will just be that much harder to sell/easier to fake. Unless XRF scanners become cheap or you plan to sell to a large company who can verify it's purity. Junk silver and ASE is well known even to many non stackers. Easier to move. Show your neighbor a ASE that says America and silver or show him a generic that does not have a known name. He will choose the ASE. With plated, German silver, clad, art bars, fakes ect. it's best imo, to go with the most known. As with most items, name brands matter. As for trading silver in a dire situation... I think food and ammo will be all we will care about for awhile. What good will silver do short term after a disaster? I want food and guns. Silver will be long down the road once people stop trying to take me out for my food/shelter. Even then, will the common man I run across know that my generic is on the up and up? With no internet, I doubt it. Like he will not know my 1989 Fleer Bill Ripken rare White Out variation is really worth $100 and real. |
|
Pillar of the Community
United States
632 Posts |
I was told by a coin dealer once that the way they negate silver loss on circulated coinage is by trading at "times face value" that changes according to the spot price which is more efficient then weighing all the coins and figuring silver weight. He said that it tends to work out better for sellers because lets say you bring in a bunch of worn Standing Liberty quarters and a bunch of BU washingtons. There may be a good deal more silver left on the Washington's but you'll still get the same amount of money for them as the worn standing liberty's. Don't know if that's the exact reason for trading coins at Xfacevalue but that's what he told me. |
|
Pillar of the Community
United States
6478 Posts |
Actually silver is barley lost in circulation, way less than a gram, silver is malleable so it gets pushed into the coin over time. And from your point of view, numismatics are useless because we can't use them in an apocalypse? Numismatist don't care about the apocalypse when it comes to collecting numismatics pieces. Who would want to just keep stacking 9999 silver in these boring bars when you can diversify your portfolio and get some interesting 90% junk. Get some junk silver then throw some shade at it. Silver is silver so matter what form it is in but 90% Is the best IMHO. Easier to transport in tubes, more fun than 999, more people recognize it than a dumb pirate round or 1 oz silver doge coin.
|
|
Pillar of the Community
United States
6478 Posts |
Quote:
After three years of price slump, people pretty much all agree that stacking really is to keep purchasing power; not to make large profit.
And when you say this, it is a generalization. Did everyone gather together and take a vote? I stack silver and numismatics because I want something to pass down to my family and to save money. It is also an investment, so yeah, I could make lots of money. Your post is not backed up by facts, carries generalizations, and is a bit disrespectful to those that collect numismatics and 90% junk. |
|
Pillar of the Community
United States
586 Posts |
The point being, many people don't have an idea of numismatics; they just want silver. It took myself two years to switch from rounds to coins, and now I start to question whether that was a correct move.
I don't stack for fun. And be honest, a 50-hour-per-week job usually is not fun either.
And as many of you points out, silver regardless of form ... why don't we pick the lowest cost and 99.9% purity?
|
|
Valued Member
292 Posts |
I feel like your argument is a bit off in some aspects. Firstly, in an apocalypse/survival situation, it would likely be quite a while before silver or gold became currency. People would be more likely to trade food, medicine, or building supplies. So, we're hoping for only a slight worldly malfunction lol like an extreme market and currency crash - that's what you're betting on with your silver. For the here and now, your $16 once oz silver round will likely sell for $14 or less if you trade it in right now whereas my $16 Peace dollar will trade for $20-$30+++ just depending on year and condition. A silver bar or round is just a silver bar or round. There's very little to no history whereas the silver coinage has a possibility and its a likely one, to increase price without precious metal prices moving. If metal prices do move then we're still good. Heck, in the rare chance that silver becomes worthless, my Walking Liberty half is still worth .50 where your bars would be valued as a paperweight. There's a lot more 'outs' with 90% silver and other junk silver. I hope you at least stack some my friend. |
|
Pillar of the Community
United States
6478 Posts |
JogingLiberty has some amazing points. Quote:
There's very little to no history whereas the silver coinage has a possibility and its a likely one, to increase price without precious metal prices moving. If metal prices do move then we're still good. Quote:Heck, in the rare chance that silver becomes worthless, my Walking Liberty half is still worth .50 where your bars would be valued as a paperweight. |
|
Pillar of the Community
United States
1911 Posts |
@SSK, hey now those pirate rounds are pretty sweet don't go knocking em ;P but I agree I like the history behind the coins rather than bars/rounds. Unless they are pure awesomeness like the 2oz privateer :D
|
|
Pillar of the Community
United States
586 Posts |
I am not against the numis; just have seen too many rip-off in this market. Stay away from any storytelling sales pitch, that's how my dealer friend warned me. And certainly I have no energy to sell each of my coins through storytelling technique.
Why don't we stay with purity, that much you don't have to explain.
|
| |
Replies: 65 / Views: 11,230 |
Posted 06/13/2015 11:48 am
