I Want To Buy Gold/Silver Coins, Which Are Best For Invest?

1) I agree and wait until tomorrow. give yourself the weekend to look at all your options and to look at the matrix.

2) Also, keep a close eye out for shipping charges from wherever you buy. Remember the cost of shipping is also tacked onto your cost per ounce which means you have more invested than you would get back in the short term. Also watch for extra charges. Some places charge for a particular payment type.

3) As for your 1st post.... If you had $2000 to spend, I would pick up 1/4oz or 1/2oz gold and the rest would go into silver. Keep reading post around here and you will see why so many feel there is more upside potential for silver in the long run. I would buy government minted silver coins. A bit more expensive but are VERY liquid and recognized worldwide. Engelhard and JM bars are the most recognized bars on the market. These are great bars to own and sometimes they can command a larger premium for some collectors and stacker's. I would also add a bit of junk silver to your stash. Great way to acquire small fractional silver at a reasonable price and to sell in little spurts.

4) REMEMBER....the gold and silver markets, especially silver, are very active, volatile markets. If you cant afford to lose the money then don't invest. Nothing is for sure. CHEERS!

Id stick with coins minted by the US, Canada, Aus for now. Pandas are good too but highly faked and a risky coin to start out with.




Provident metals is cheaper than goldmart and APMEX. Lower shipping costs too

Heres the provident link

http://www.providentmetals.com/

For your situation ($2K limit), I agree with a lot of what was said above. Stick with silver. If you buy just one little oz of gold, you'll only have $150-$200 left to play w/, but $2K will get you a pile of silver. I prefer coins (ASEs, Canadian Maples, Mex Libertads, Austrian Phils) over rounds & I stick with those standards & avoid the exotics. The coins cost more to buy but resell at a better price. If you want to go as low-cost as possible, 10 oz bars are probably the idea. I've compared prices between APMEX, Provident and Goldmart for months and I've found Goldmart=cheapest, Provident=mid-level and APMEX=costliest. APMEX has a broader-based inventory of a lot more stuff than Goldmart but since I don't buy exotics, Goldmart works fine for me. All that being said and sticking with my main-line coins as I do, I must admit I still lust after those old-school poured Monarch bars. Some day...maybe if I find a 1983 BU copper penny...

Yup, thanks yet again!
I was really excited about silver more than gold since I first started searching.

To make sure I fully understand this clearly, when people are talking about minted government coins, these are the same coins from US, Canada, Australia; that I'm finding new with 2012 series? (price ranges around $40)

OK, FB, repeat after me... gold and silver are not investments... they are MONEY! What we are doing when we buy them is swapping bad money for good; fiat paper for precious metals. It is one of those no-brainer kinds of things.



I agree that this is a possibility and that you are better off to be on your guard rather than just barging in and perhaps getting taken. On the other hand, a local coin or pawn shop can be a great asset for any collector. Developing a business relationship with a local dealer can be a very good thing. The best way to avoid getting ripped off is to be armed with the knowledge of prices for silver at spot as well as for various coins that you might want to collect. When you go to a local shop, look the prices over and see how they compare with the values you know from the Internet. If they seem a little higher, then it is a good deal. If they are a lot higher, you can pass on the deal and look elsewhere. Remember... someday you may want to sell some or all of your silver and having a local shop available to buy it works best if you already have a good business relationship with the owner or manager of that shop.

I don't think that I even implied that, let alone said it. But if it is being interpreted that way, perhaps I should rephrase as you have. Yes, there are dishonest people in this world and some of them are PM dealers. Their rep tends to get around, though, and they soon run out of suckers, er, customers. A business that has been around for several years or more is usually a good one. Not always, of course, but USUALLY.

fitBUUL,

Have you made your purchase yet?

I noticed you had a variety of rounds on your list vs a number of the same rounds. For someone that was on the purchasing side of the deal, in the future, that could be a little unsetteling if they know nothing about the different government rounds that are out there. Having bought and sold silver before, I can tell you that the shiney is for those that are 'collecting' more so than the older pre-65 "junk" which is strictly for investment sake. With your purposes in mind, I would be tempted to avoid the shiney, which will loose its primium when the chips are down, and stick to investment grade silver FOR YOUR PURPOSES.

Others state that primium silver will hold a primium in the future, which I agree with, if the market will bare it. If things really get rough, I do not believe anyone will want to pay primiums...which means you'll want to get silver that offers the most bang for your buck now.

Suggested shopping list:
1/4 oz gold (~$482)
21 1 oz ASE rounds (~$768)
2 rolls of pre-65 quarters (a roll is 40 coins and is valued at $246 x 2 = $492)
2 rolls of pre-65 dimes (a roll is 50 coins and is valued at $123 x 2 = $246)

Throw in $12 for shipping and you are at your $2,000 mark.