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Silver Shots Or Sterling Silver. What Should I Stack.

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New Member

Palestine
41 Posts
 Posted 12/30/2023  5:21 pm Show Profile   Bookmark this topic Add Baracoin to your friends list Get a Link to this Message Number of Subscribers
Hello.. I have only 2 options available here to stack silver either to by silver shots 9999 for 4$ above spot.. OR to stack sterling silverware for 2$ below spot. Whats your recommendations please.. I am feeling guilty stacking sterling but I have no option.. should I go for gold and stay away from sterling?
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cointagous's Avatar
United States
1143 Posts
 Posted 12/30/2023  5:36 pm  Show Profile   Bookmark this reply Add cointagous to your friends list Get a Link to this Reply
Not the best of options imo. Not sure what the market looks like in Palestine but in the states Sterling is a hard sell. That said I would buy it over silver shot because of the cost spread were those my only two options. Buy whatever is easier to also sell in your area because at some point you may be that person.
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oriole's Avatar
Canada
5238 Posts
 Posted 12/30/2023  8:09 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
For me, I would never buy silver shot because it would be impractical to test it. I think that my local dealer would be reluctant to buy or at least discount it heavily due to perceived risks.
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thq's Avatar
United States
3342 Posts
 Posted 12/30/2023  10:23 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Sterling coin would be great but stay away from tableware. Buy only solid pieces - no dinner knives, vases or candlesticks. Tableware is discounted heavily where I live. Sometimes you get bargains but not often.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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IndianGoldEagle's Avatar
United States
36438 Posts
 Posted 12/31/2023  12:05 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
If those were my only two choices I would switch to gold.
Valued Member
United States
397 Posts
 Posted 01/09/2024  10:52 pm  Show Profile   Bookmark this reply Add AllSeasons to your friends list Get a Link to this Reply
To me personally, there's nothing wrong with stacking sterling, especially if you can get it for $2 under spot. That being said, sterling is usually not in the form of bullion, but rather in manufactured products, such as jewelry, teapots, spoons, forks, etc. The reason for this is because pure silver is too soft for everyday use and scratches easily, so copper (usually) is added to make it stronger. Sterling is really only used here in the States and in the British Isles, though it's becoming more common elsewhere, too. Nowadays, sterling is mostly made into jewelry; silver teapots, asparagus servers, oyster forks, etc., are a thing of the past. So if you're stacking sterling silver, you're likely stacking antiques, or at least pre-WWII. There's nothing wrong with that, if you're into collecting antiques, but they can have a premium attached, unless you're just looking for scrap sterling. To me personally, every piece of antique silver is unique and precious in its own way, and would never scrap any of that, if only to save the history.

Sorry for being long-winded, but long story short, there's nothing wrong with stacking sterling, but I would recommend learning a little more about the history of sterling (or other grades of) silver. One potential pitfall, however, is that if the world were to end tomorrow, it would be hard to barter with sterling silver, as most people would hesitate trading a pack of sugar or a piece of bacon for a salt shaker, for instance, but they would probably trade it for junk silver, like 90% dimes and quarters. So there are some tradeoffs here.

For me personally, I love antique silver for the history, sterling or otherwise. But as you can see, I'm a little biased
Edited by AllSeasons
01/09/2024 10:53 pm
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