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 Replies: 22 / Views: 5,825 |
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Pillar of the Community
United States
2049 Posts |
I have set specific yearly and long-term goals for what I want for total weight and how I want the allocation to be. I keep track of it all on a spreadsheet. I have hit all of the individual goals for this year except for the 1-oz bars/rounds (need 3 more). I find that having the specific goals really keeps me focused when going to coin shows, but I also will not hesitate to grab something for which I have hit my goal if the deal is a good one. I may change my goals to reflect how the market is, but the long-term of goal of a certain number of ounces will remain the same.
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Pillar of the Community
United States
2365 Posts |
We just switched from tubes of rounds to tubes of BU ASE's. Personally, I would not "stack" Britannia's.. The Britannia's are great coins for collecting but, not stacking. Their numismatic values are ever increasing. If you don't mind a mixture of coins, that would be a good choice for stacking or rounds to start. We stack gold coins from different countries and have found it's an interesting way to go with greater and more interesting variety. 1/10th oz of gold makes for nice stacking with a smaller investment (in gold bullion) at one time albeit, higher than silver. Also, you could consider stacking "junk silver" coins to start as well. Palladium might also be a good choice for stacking. It has even more uses than silver, cheaper than gold and is an increasing market. I'm a slow stacker!  Edited by dsking
04/24/2023 6:01 pm
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Pillar of the Community
 United States
2003 Posts |
I understand the preference of larger weight bars to lower the premium. My fears are of a complete dollar collapse as countries around the globe dump the U.S.D. as the reserve currency and also the impending chaos that will be caused when the U.S. adopts the Central Bank Digital Currency. I would like to have some reserves on hand to be able to barter with. I tend to lean more towards government issued 1 ounce bullion because they are easy to verify authenticity and easily transactable. Bars on the other hand, how do you fractionalize a 10 ounce bar? I even thought about gold in the form of 1 gram bars but even they would be difficult to fractionalize. And 90% junk silver appears to carry an even higher premium over melt from what I have been seeing. For me the way to go seems to be 1 ounce government bullion but I suppose I will have to keep hunting for a deal when available. The premiums are just out of line right now to make it worthwhile..
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Pillar of the Community
United States
2237 Posts |
You wouldn't have to fractionalize all your stack. There are goods and services that are more expensive, car parts/repair, house repair, etc. In my city a service call for an electrician/plumber is about the cost of 1 gram gold. Trade with a rancher for a quarter hog or beef and you're easily into silver bars range. Some fractional would be needed to round out the bill. A while back I saw a stacker being interviewed on YouTube, said he traded 10 oz silver bars for a new deck. There are several states that passed or working on passing bills to allow using silver/gold as legal tender.
Edited by livingwater
04/25/2023 07:41 am
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Pillar of the Community
United States
1775 Posts |
Mister T, I share your concern. But if it comes to bartering bullion, I don't see how a government issued oz holds more value than a bar (especially if it is a name brand bar). If there is "chaos" as @ livingwater states you will barter for goods and services.
I think a mix of 1, 10 and 100 oz silver bars makes sense. To me, the more you pay in premiums, the more you are diluting your purchasing power from the start. You don't go to the grocery store now and pay in all quarters or dollar bills.
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Pillar of the Community
United States
2003 Posts |
Valid points from all of you. I suppose a mix would be best after all. The reason I liked the 1 ounce coins was because I was thinking of small purchases such as a tank of fuel or small portions of food. I hadn't considered the need to barter for larger purchases or services. Plus who knows what the exchange rate would be in an emergency situation. I did see 250 gram bars in the $236 range. That turns out to be about $29.38 per ounce. I think I will try that route. Thanks for all your advice.
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Pillar of the Community
United States
2003 Posts |
After some careful consideration I did go for a 10 oz bar for $284. I had done some comprehensive research concerning the prices of the metals, and their performance over the past 50 years. I was trying to understand if gold was over valued or silver was under valued. My conclusion was that both are true actually. I wont go into all the data I compiled to reach this conclusion but to stay on par with inflation, gold should be at $1678.50 and silver should be at $50.75 as of this posting. No doubt that the markets are manipulated and silver is being suppressed. Everything in life is a gamble but I feel pretty good about stacking silver at this point.
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Pillar of the Community
United States
2282 Posts |
I'm a proud Numismatist 100%
Numismatics > Bullion "Stacking"
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
Edited by NumismaticsFTW
05/02/2023 06:11 am
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Pillar of the Community
United States
2049 Posts |
Quote:
I'm a proud Numismatist 100%
Numismatics > Bullion "Stacking" Thanks for your completely useless post in this subforum.  |
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Pillar of the Community
United States
2049 Posts |
In response to the post that numismatics is better than bullion, that's fine if it suits your needs. I look at it completely differently after decades of being both a collector and a stacker in multiple areas of collecting (sports cards, stamps, coins, bullion to name the main ones) as well as having been a dealer in two of those (sports cards and coins/bullion).
The reality is that any collectible is a more limited market when it comes time to sell or for your heirs to sell. You will only get a fraction of the value when selling to a dealer and your potential buyers are limited due to the nature of it being a collectible. Also, collectible markets die off...see Pokemon cards, stamps, Beanie Babies, etc. While I don't see that happening with numismatics, how many in the younger generation are actively collecting? Where will the numismatic market be in 10-20 years? Every time I go to a coin shop or a coin show, it's 80% or more people in their 40s and older FWIW.
Granted, you will get a fraction of the value for bullion when selling to a dealer, but the haircut isn't as steep typically. Either way, bullion is MUCH more liquid if you need to sell or if your heirs decide to sell your stash. Are central banks and governments trying to get their hands on as many numismatcs or other colletibles as possible? That's right...they aren't. The desire to acquire gold and silver has been around thousands of years and I don't see any reason why this would ever go away.
For the above reasons, I got out of sports card collecting/dealing about 5 years ago. Same with stamps and same with numismatics. I have been told "no thanks" when trying to sell coins or sports cards to a shop. Never had that happen with bullion, though.
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Pillar of the Community
United States
2282 Posts |
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Bedrock of the Community
 United States
26181 Posts |
My preferred method is 1 oz silver coins and annual silver proof sets. Silver Eagles are by far my most collected coin and make up about one third of my collection. After that I have much smaller quantities of Libertads, Krugerrands, Maples, Swans and Britannias. I will continue to add these coins each year. I have some silver rounds that are not currency that I added in the beginning just for some variety. I don't have any bars yet but I'm considering the RCM 10 oz silver bars if I decide to go that way. My American Silver Eagle collection http://goccf.com/t/448125My random silver coin collection http://goccf.com/t/449270My MS-70 silver coin collection https://goccf.com/t/490829My dragon silver coin collection https://goccf.com/t/490859 |
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Valued Member
United States
345 Posts |
My experience is based on my "unwillingness" to pay high premiums ... to date, I haven't done it, ever. I simply cannot get myself to even consider it. The answer, in my experience ... consistent searches in the private market. You WILL run into good deals. - Happy Stacking, Tiny
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Pillar of the Community
 United States
6514 Posts |
Absolutely love the Scrooge McDuck images NumismaticsFTW. Made my day.  Check out my counterstamped Lincoln Cent collection: http://goccf.com/t/303507 |
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Pillar of the Community
United States
676 Posts |
Modern commemoratives, I am also unwilling to pay high premiums, that is why I started a stack of these. I try to get the ones that are in rougher condition, but that does not always happen. I only have 9 of them so far (had 10, but one became my pocket piece).
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Replies: 22 / Views: 5,825 |
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Posted 04/24/2023 5:33 pm
