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 Replies: 15 / Views: 1,847 |
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Valued Member
United States
154 Posts |
Poll Question
Hello, I'm new to this forum and to collecting PM. Hoping to purchase some out of every paycheck, but do not know what exactly to buy other than from a reputable dealer. Not sure if I should purchase coins from the US mint, Canadian maple leaf, or just silver rounds. Which would have the best purchasing power, or will it even matter just as long as it's gold or silver?
Thank you for your input.
zack
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Pillar of the Community
Canada
3692 Posts |
Coils of wire. Easy to snip off any amount.
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Pillar of the Community
United States
3843 Posts |
I'm partial to generic bars and rounds since they are available at lower premiums. If we go into economic collapse premium silver coins like ASE's and Mapleleafs will have the same value as generic. Pretty designs are nice but they don't add value in my mind if you are collecting for investment purposes. Edited by Joe2007
03/07/2016 7:36 pm
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Pillar of the Community
United States
1119 Posts |
I'm a big fan of 1964 and earlier US dimes and quarters. smaller fractions than ounces and easily identified
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Pillar of the Community
Russian Federation
5174 Posts |
+1 for generic rounds and bars (though IMHO, if things really get that bad, I do not expect silver - or gold for that matter - to help much: it's not food, not fuel, and generally has little practical use).
Wire is definitely better for copper and a few other metals, but I don't know whether it is available in silver. If it is, however (and not rare enough to have major premiums), it's also better.
(Anyone knows where could I buy a few dozen grams of silver wire? I probably wouldn't be able to afford more, but I want to at least know what it looks like.)
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Pillar of the Community
Canada
1005 Posts |
Jewelry supply. Goldsmith in any city will have it.
Silver wire is also available as solder for bandsaw blades.
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Bedrock of the Community
United States
11951 Posts |
I had to choose American silver eagles.
Because of your choices, that is what I have the most of.
I would say I like Pre 1964 90% U.S. silver the best.
But I pretty much like all silver.
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Pillar of the Community
United States
669 Posts |
I would say silver eagles just for the fact of how recognizable they are and people are more willing to pay a premium for something coming out of the U.S. Mint than a private one (even if we had to use it as currency).
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Pillar of the Community
United States
3843 Posts |
Just how recognizable are ASEs to the general public? I'd say not many of my non-collecting relatives, friends, and colleagues would recognize one at a glance. Junk silver might be slightly more recognizable, but we have to face the fact that most Americans haven't a clue on what forms silver comes in and how to identify them. A few weeks ago a local auctioneer (who should know better) was calling Mapleleafs, "Old Silver Dollars".
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Valued Member
 United States
154 Posts |
Thank you for voting and your responses. I have long term food storage and over 250 bottles of wine in my cellar, thought it was time to put back some hard currency. I opted for silver rounds, not ASEs or Maple leafs. Ordered 40 10z and 20 .5 oz. Next go around would like either the Eagle or Leaf though. Also plan on getting some Copper for making change ;-)
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Valued Member
United States
265 Posts |
Better to invest in brass and lead, in the way of bullets, I think anyway.
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Pillar of the Community
United States
4333 Posts |
Quote:
Just how recognizable are ASEs to the general public? They aren't. But, if SHTF, the gen public would have to edumacate themselves, and fast. 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
1602 Posts |
The best bartering items if SHTF will be alcohol, specifically drinking kind. Your best friends might be named Jack & Jim. But I think we're a long way from that.
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Valued Member
United States
343 Posts |
I prefer pre-64 coins as well. Someone pointed out they're not food though...
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Bedrock of the Community
Australia
21788 Posts |
In a high inflation rate environment, I wouldn't be buying silver, that's for sure.
You buy your silver in a low inflation rate environment. Like now !
In an economy with a high inflation rate, I would borrow and buy real estate, and pay the loan off with inflated dollars. That's how I managed to buy my house, way back in the 1980's. By 1987, the security of my financial future had been guaranteed. Such a strategy with a low inflation rate is next to useless.
With a borrowing interst rate that varied between 10% and 20%, I paid my mortgage off on a single income only, in seven years!
That works out to an average compounded investment rate over 40 years of nearly 8%, tax free, (never has been any capital gains tax to be paid on your owner occupied house in Australia).
All my salary increases just went down the gurgler, to pay the mortage. The mortgage component of my house was $25,500 in 1976. That component now has a value of nearly 1/2 million dollars.
I don't think silver in any form could do that well!
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Bedrock of the Community
Australia
21788 Posts |
Buy silver when inflation rate is low, (dollar cost average in small amounts into silver rounds is OK), and only spend it when you have to, in a high inflation rate environment.
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Replies: 15 / Views: 1,847 |
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Posted 03/07/2016 7:33 pm
