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 Replies: 14 / Views: 1,299 |
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Pillar of the Community
United States
682 Posts |
I was at the local coin store buying some coins out the junk box to give away. I found what I wanted but didn't really want to leave without some silver. I purchased five of the three piece 40% bicentennial proof sets in original packaging for $17.50 each. (This includes the 8.19 % sales tax, a topic worthy of a separate thread.) This was about a 12%.premium over the spot price of silver that day.
Looking at this purchase solely from the perspective of silver stacking, was this a poor choice?
Pros:
They would be readily recognized as authentic.
They might have a little value as a collectible some day, but not much.
Cons:
Some buyers pay less for 40% because of the increased smelting costs for silver recovery.
A 12% premium (including sales tax) seems a bit much for something like this.
Should I:
a. try to flip them with some of my coworkers and recover my costs,
b. give them away as Christmas or birthday presents; they are pretty, or
c. put them in my stash and forget about it, or
d. go back to the store and buy some more?
Lastly, I already have one set I bought in the late 70s or early 80s. I think I paid $25 for it. I don't have it handy right now to check on the price but I do believe a wrote it down and kept it with it.
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Pillar of the Community
United States
1484 Posts |
Give as gifts or keep in the 40% stash pile.
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Moderator
 United States
34393 Posts |
Quote:
Looking at this purchase solely from the perspective of silver stacking, was this a poor choice? I would argue that purely from a stacking perspective, you should try to acquire the purest metal you can. "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Pillar of the Community
 United States
682 Posts |
Quote:
I would argue that purely from a stacking perspective, you should try to acquire the purest metal you can. My favorite stackables are the 0.9999 Maple Leafs (or should I say Maple Leaves?  .) All the local places have been charging a pretty hefty premium for them lately. Fortunately, I can get them by mail order much cheaper and get them shipped to one of my other addresses that does not charge sales tax. Edited by Ynnad
08/24/2024 12:48 pm
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Bedrock of the Community
United States
94367 Posts |
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Bedrock of the Community
United States
10472 Posts |
I almost had to give away my 40% stash. Stick to 90% and up.
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Pillar of the Community
United States
2049 Posts |
While I try to get the most bang for my buck so to speak, I avoid 40% and 35% ( War Nickels). Generally, I will only buy 90% junk silver and 0.999/0.9999 bars and rounds. |
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Bedrock of the Community
United States
10029 Posts |
Personally I would do pure rounds or Constitutional silver.
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Pillar of the Community
 United States
6449 Posts |
I'm not a stacker, but what Spence said (prefer the purest) makes sense. From a numismatic perspective, I have to believe those coins have a much higher coin value than silver value. This is the business strike San Francisco set with the Ike, Kennedy, Washington in silver? Those are reasonably popular coins.
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Pillar of the Community
United States
682 Posts |
Quote:
... This is the business strike San Francisco set with the Ike, Kennedy, Washington in silver? ... The ones I purchased a few days ago are the proof strikes. I do have a business strike set that I purchased in the late 70s or early 80s. I think I paid $20 dollars for that set. Quote:
I almost had to give away ... I might do that with these at Christmas. |
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Valued Member
United States
311 Posts |
I am not a stacker but if I were I would stick to what is most commonly recognized, and most easily verified. I would avoid anything not .999. You should certainly entertain buying oddball stuff but only well below spot. Because when you eventually sell this lot, you'd be lucky to get spot.
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Pillar of the Community
United States
1272 Posts |
These might go for a premium in 2026
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Bedrock of the Community
United States
36415 Posts |
I would think pure silver sovereign minted coins is what you want. You want to stack what everyone wants, especially dealers as it will be the easiest to sell when the need arises. 90% coins are also a safe bet as it is far easier to spot counterfeits than with rounds or bars.
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Pillar of the Community
Canada
5238 Posts |
C) put it in your stash. It's only three sets.
For stackers, the 40% silver is a problem because it is bulky, if for no other reason. If you are trying to keep something safe, it is easier to do that with something of less volume.
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Moderator
Australia
16805 Posts |
Quote:
Looking at this purchase solely from the perspective of silver stacking, was this a poor choice?
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Pros: They might have a little value as a collectible some day, but not much. I am seeing a paradox here. If one is solely concerned about "stacking", then their possibility of becoming collectable items rather than fungible bullion ought to be irrelevant. As for the general prediction on the value prospects for these coins specifically, as collectable objects: I would agree with machine20. Certain coins go through repeatable, predictable price spikes. Olympic coins are a good example: every four years, in the buildup to the Olympics and the hype train picks up speed, coins issued for previous Olympics see a price spike. I believe these Bicentennial-themed coins may see an uptick for the 250th. You'll notice the bold and italics on "may" - it all depends on just how much hype we actually see in 2026. If you're holding these as a speculator (i.e. you don't care about them as coins, only as potential profit) then watch for that spike to happen and sell when you see it. Don't wait until 2027 to sell, or the spike will pass. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Replies: 14 / Views: 1,299 |
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Posted 08/24/2024 12:28 pm
