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 Replies: 19 / Views: 3,207 |
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Pillar of the Community
United States
2764 Posts |
Poll Question
With the recent dip in PM, especially silver, I'm pretty sure some of you are looking at possibly buying on the dip. Therefore I come up with this survey, which would help me decide when the time come too.
Here are some assumption:
1) Money is not an issue for you as buyer => You have enough funding to buy 20 oz of any type/combination you want.
2) Market availability are the same for them all.
3) All other cost like S/H and CC are the same on all.
Make sure to put these factors into consideration when you make your decision:
a) Mintages
b) Design
c) Collector base
d) Mint repution
e) Premium over spot vs Future Value Appreciation (beyond Silver value). IE: ASE is always close to spot however, Panda can go up significantly.
*** This last part is probably the most important factor for me.***
Make sure to explain your decision. As an incentive, the one with the most logical reason (if I make the buying decision because of your reason, THEN) will receive a circulated Mercury dime from me. I know the dime is not much but it may help motivate some of you to share your thought with the community.
With all of that in mind, here's the survey.
Edited by SA4H
03/15/2012 12:53 am
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Pillar of the Community
United States
4897 Posts |
I dont collect PM so I would buy ASE s. Simply because they sell easy and the others are less recognizable in the U.S. . If I were buying them for enjoyment I would go with the Libertads because the depiction of Liberty is beautiful. IMO |
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Pillar of the Community
Canada
981 Posts |
I say panda they can skyrocket in price. Just got a 2011 MS70 early release for $125.00 off ebay tonight be putting that one away in my collection for a while |
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Bedrock of the Community
Australia
21788 Posts |
None of the above.
As a bullion investor it is poured silver bars for me.
Not really relevent here, but for numismatic reasons I collect World coins, ancient to modern.
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Moderator
 United States
14463 Posts |
I picked ASE. But my actual choice is not in your survey. I would get an ASE and a UK Britannia. b+c+d) They are universal in acceptance and should be easy to exchange for cash or new items |
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Pillar of the Community
United States
3670 Posts |
I voted for Canada wildlife series and the Kooks.... Out of all on your list I like the quality designs and short time value increase better then any of the other fore mentioned. The designs are vast an changing each year, where as don't get me wrong an ASE an Libertad design is great, but forever the same for the most part.... I like the design change each year an quality for sure of the Britannia series... I don't like Pandas for the fake factor minus a grade from a reputable company like PCGS or NGC and would only consider slabbed bullion for the fore mentioned via the fake factor..... I really like ASE an Libertad's as well in proof form via better resale.... Edited by Silverhawk74
03/15/2012 02:16 am
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Pillar of the Community
United States
1432 Posts |
I voted both Australian due to the annual change in design and the fact that there was no "all of the above". I have always considered myself a type collector so when I started buying bullion coins I went with different styles. The only thing I don't have on the list is the Canadian Wildlife. I even placed an APMEX order to get things like the 1 oz Buffalo, Morgan, 1804 $, the fractional pieces like the WL half, SLQ & Merc dime + picked up an Engelhard bar. I guess I differ from the majority of the posters on the Bullion sub-forum in the fact that I am not buying as an investment. As in my numismatic holdings, I just enjoy the variety. I am like the magpie that wants shiny things for my nest.  |
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New Member
United States
25 Posts |
I voted for the both Britannia and Panda option. I think I would do 10 of each. The Britannia coins are recognized worldwide and have some of the nicest design to boot(easy to move if the need arises). The Pandas give the best option for potential growth and should hold a lot more of their value even if silver were to plummet. It is getting harder, but the Pandas can sometimes be found close to spot and not many people pay attention to the date varieties. This is where I think the best potential for a profit lies. This was a hard choice as I love the Canadian Wildlife series as well.
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Pillar of the Community
Canada
1731 Posts |
I would ASE or maple. I can them for a dollar or 2 of spot so I might buy some. |
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Pillar of the Community
United States
2120 Posts |
I chose Mexico Libertads because I think they are underrated, and I get them for about $1.85 over spot.
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Pillar of the Community
Canada
3692 Posts |
Bars are the best. Go with the highest brick you can afford and divide that by half in case you need to sell half of your investment. Single ounce bars are more small fries who are buying a bit at a time, getting their toes wet.
I go with Libertads because they don't have a denomination on them. They seem more legit to me. The difference between Canada and the U.S. bullion is $5 to $1 but the Canadian dollar is higher - how does that make any sense? Not that it matters anyways; a good dealer will know they're all silver but it's true that some have a faster turnover rate, hence, more liquid (in a sense).
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Pillar of the Community
Canada
1502 Posts |
ASE, SML, Libertad, and Philharmonikers will never rise much above spot unless it's a key date. And because interest and sales in silver bullion has picked up so much in the recent decade, there will NOT be any key dates in today's purchases. Koala, Kookaburra, and Britannia all appreciate steadily, but oddly only to a certain degree, capping out at around twice spot. My limited experience in hunting down these coins for my collection also shows that they do rise and fall very closely with spot. So, though you can sell at a premium, it is no different from ASEs or SMLs when you buy at that premium and that premium is fixed to spot. Panda is a hard one... It's true that they do appreciate quite a bit, but the increase in value is driven largely by variation, inconsistency, and low mintage. Since the upgrade in Chinese mint equipment, there have been zero variation within yearly issues of pandas in the past 5-10 years, and the quality has picked up so much that 2009-2012 MS70 pandas can hardly be considered rare. Lastly, the target mintage for 2011 1oz Silver Pandas was spiked up to 6,000,000 from 600,000 of previous issues... I think it's only a matter of time before collectors realize that the recently issued pandas are hardly collectible anymore. So if I can buy 20 year 2000 mirror frosted pandas then definitely, but if it's 2011 or 2012 that number in the millions... not so much. My bet is on the Wildlife SML. The mintage is limited, it's first time the Canadians strayed away from the standard SML design for bullion, and they can be bought at reasonable premiums on issuance. All factors that promote increase in value strongly. The biggest plus of all, they hold their value even when silver drops . Silver wolves are still selling for $60-$75, and I just sold ~10 cougars and moose for $55 each, even with spot sitting at ~$32. That brings me to the obsession I see that a lot of forum members have with the ASE. It doesn't quite make sense to me. Why would you pass on buying a coin like the wildlife SML (or kookaburras, britannias, pandas) for $2-3 above spot when you KNOW it will increase in value and hold its gains better while ASEs will ONLY follow spot. The argument that ASEs are easier to get rid of makes no sense to me either. They are very slightly more recognizable but there are tons of sellers out there for ASEs and buyers know they can get at ASE for close to spot. So if you're really in a hurry, you'd have to sell low just as you would have to for any other bullion silver coin. But if you're not in a hurry, limited mintage bullion silver will give you a better gain. Anyway I look at it buying ASEs is a lose lose when you take away the ~$2/oz advantage at purchase. |
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New Member
United States
24 Posts |
However silly it may seem, I've been partical toward the silver maple leaf and wildlife series because of the way they are built, the fact that they are $5 coin and they are 9999 silver.
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Pillar of the Community
1283 Posts |
I voted Pandas but now that I think of it I would do Maple leafs too.
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Pillar of the Community
 United States
2764 Posts |
So far, I think poboxw has the most detail/comprehensive explanation....
Thank you for sharing, guys.
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New Member
United States
10 Posts |
Quote:
None of the above.
As a bullion investor it is poured silver bars for me. Bingo! As this interview with a bullion dealer so aptly points out - http://www.chrismartenson.com/page/...-robert-mish. In a nutshell, in an active market dealers will offer less, sometimes far less, for "unrefined" silver. |
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Replies: 19 / Views: 3,207 |
Posted 03/15/2012 01:00 am
