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 Replies: 38 / Views: 3,866 |
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Pillar of the Community
Canada
3692 Posts |
I diversify everything. From USA, Canada, Switzerland, Mexico.... I try to scoop up every kind of purity and size, and back them up with .999. That way if I'm truly short on money I can negotiate better with the smaller or less pure coins if the purchase is miniscule. For a bigger purchase I have more bargaining power with the .90+ and .999.
Gresham's Law at work.
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Bedrock of the Community
United States
36905 Posts |
nod2003, you are correct, I too have pulled low grade Seated and Barber coins from melt buckets as well as silver proofs. For now 90% silver coins trade by total face value and not weight, so you really don't lose anything on worn coins unless you are the one sending them to the melter. Back to Silver Eagles. The premium is higher on these when you buy, yes, but you also get a better premium when you go to sell. I think the older dates with mintages below 10 million will also show a nice price rise as time goes on. ASE's have also become a collector series now that there are albums for them. I live in USA and prefer only USA bullion coins. I guess if I lived in Canada I would prefer Maples. |
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Pillar of the Community
United States
808 Posts |
I started out with a very strong preference for ASE's since they are IMHO beautiful coins. And based on record-breaking demand, it's clear a lot of other folks here in the States love and prefer this bullion as well. I've since diversified a bit, but the ASE is still my favorite. |
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Pillar of the Community
 United States
787 Posts |
Honestly, I am surprised that so many are in favor of the 90% over the bullion. I am glad to here this seeing how I also like to hold history in my hand. There is just something about holding a coin that was once used in the Old West or the Roaring 20s.
This being said, I do like to get coins that grade a bit higher than spot and hold those whenever possible. As for bullion, I may look into some Canadian Maples or the like but I still have my heart in the 90% coins.
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Pillar of the Community
United States
511 Posts |
Because of its divisibility and very low premium, I prefer 90 percent. I love finding Merc dimes at around spot. It's not that I avoid other forms of honest money, but 90% is the best deal at the present time.
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Valued Member
Canada
62 Posts |
Bullion and CDN pre-68 silver coins (80%). They're easier to get than American junk silver at a decent price.
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Pillar of the Community
Japan
666 Posts |
I started with commemoratives and other 90% silver that I bought way below the spot.
When I tried to sell them and buy some gold I realized that they didn't grow in value while 999 bullion did.
So, recently added some 30 oz of pure silver bullion with a premium (see the thread). If silver prices stays the same I am 100% sure I will get more than I've payed. But as of commemoratives and junk silver - spot is the best I can get.
In general I have no idea for how long banks can play the game: 1 year or 10 years. If 1 year, then 90% is the best for bad times, if 10 years then it is enough time to those with high premium for profit. That's why I am kind of diversified.
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Pillar of the Community
United States
787 Posts |
I have not considered Canadian dimes or the like. This noted, I do check my Canadian coinage I find in change
to see if it might be silver.
I am new to metal detecting and hope it will yield some coins soon, but for the moment coin roll searching half dollars is my best source of 40% and 90% coinage.
As for my favorite bullion, I have a personal preference for the Canadian wildlife Maple Leaf coins.
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Replies: 38 / Views: 3,866 |
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Posted 06/16/2012 10:31 am
