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 Replies: 10 / Views: 2,445 |
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New Member
United States
37 Posts |
My question is this. I know it's been debated before, however here goes. Do you buy the tube of buffalo 1 oz rounds for 585 dollars a tube, or do you spend the extra lets say 35-50 bucks for the ASE's and Maple Leafs. I mean to ask this with a long term perspective... Do you buy the more widely accepted round and pay the premium. Or do you pay the cheaper price and suscribe to the theory that "silver is silver". Also if you have the opprotunity for Junk silver and say a generic round (Buffalo/Apmex Generic bar or whatever it may be...they are both trading at 0.50 cents over spot. Do you go with the Junk silver or the round? Edited by hotshotschamp
08/09/2012 03:35 am
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Valued Member
United States
492 Posts |
My personal feeling is that I stay away from generic rounds unless they are produced by a company that is well known and I can prove their pedigree somehow. The good thing about leafs and eagles is that they are instantly recognizable, even by non-collectors, and are guaranteed weight and purity. But ultimately it is up to what you want to do. For your second question, just remember that junk silver is only 90% so make sure you are getting equivalent weight in silver when comparing to generic bars/rounds of higher quality.  to Coin Community. |
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Pillar of the Community
United States
5855 Posts |
 In the end, silver is silver, but it depends on whom you are planning to sell to down the road. If you plan to sell to a dealer (which may not get you the best prices), it probably doesn't matter whether you have privately minted silver or government issued silver. If you plan to sell to regular individuals, on the other hand, you'd probably be better off buying only commonly recognized silver products. Even with "known" items like ASEs and Morgan dollars, though, you have to watch out counterfeits. If I'm going to buy ASEs, for example, I prefer to buy them by the tube from a reputable dealer (APMEX, Provident Metals, Goldmart, etc.) rather than just buying them one at a time from somebody on ebay who has some loose examples for sale. |
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Valued Member
United States
404 Posts |
My 2 cents...there's always going to be a premium on the eagles and maples, which means you'll get that money back when you sell it...if you're seling to another collector/buyer.
Unless I'm getting generic rounds below melt I would rather pay the extra few dollars to get the eagles/maples.
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Valued Member
Canada
442 Posts |
I think there will always be a premium attached even when you sell. Especially for things like the wildlife series, and pandas. I remember cringing at the premiums, but they are now worth more than spot. This can of course change overtime.
If your mindset is more SHTF or Mad max end of the world scenario, then silver is silver and I'd pick up anything for as low as possible.
I have a mix of both. General rule of thumb, buy what you like! :)
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Bedrock of the Community
United States
36777 Posts |
I avoid generic rounds. I would rather pay the $3-5 premium for and ASE because when it comes time to sell I will recover some of that premium. Dealers tend to pay below melt for generic rounds and $1-2 over for ASE's. |
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Pillar of the Community
United States
863 Posts |
personally I just like the silver is silver method. especially if I do not have to pay a premium.
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Pillar of the Community
United States
1391 Posts |
I mix it up. I have some generic rounds and some ASE and Maple leaves. I also have some foreign silver. The designs on the "official" bullion are usually better so I do tend to gravitate towards them. Some of the generic rounds are rather bland. |
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Pillar of the Community
United States
1659 Posts |
I like it all, but I tend to prefer ASE's and 90% junk silver. I don't have any reason to it other than just personal preference. I like to have a good mix! |
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Pillar of the Community
Canada
3692 Posts |
I go for the ASE/Maple route. However, when given the chance I get the bars from reputable companies - no artsy fartsy stuff. The bottom line is that I stay away from those generic Buffalo rounds et al because they look fake and not well made (as a collector of numismatics) so when selling I follow the golden rule; I expect the same treatment from others that I give out. To me, it's worth the extra $3-5 because the transaction is that much faster, and I have faith in silver; there's no element like it on Earth.
However, if I were to spend over $500 as per your example, I would get the large bar anyways.
Edited by Libertad
08/09/2012 7:04 pm
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Pillar of the Community
United States
1454 Posts |
Much like Allranger and TJ have already stated, there isn't anything wrong with buying generic silver. You can easily find a buyer for it on ebay, if not the LCS. But before you buy, just make sure you are aware of its provenance. When in doubt, pass. |
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Replies: 10 / Views: 2,445 |
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Posted 08/09/2012 08:37 am
