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 Replies: 11 / Views: 1,547 |
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Pillar of the Community
Canada
1177 Posts |
in the past 6 months I have purchased 71oz of silver and only about 200$ worth of coins (CDN) towards my collection.
i did buy some proof sets but ended up selling them and buying silver anyways, I'm so into buying silver and working on gaining more silver all the time, that my safe is getting so full of silver, I'm considering buying a new safe. That being said I have half finished albums of 5c, 10c, 25c, 1$ and missing denominations for my paper money collection.
does anyone have any advice for me on how to STOP buying as much silver/gold and focusing more on the coin collection aspect (instead of investment)?
-J
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Valued Member
291 Posts |
I go back & forth buying PMs and coins, so I'm afraid I'll be of little assistance!  |
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Pillar of the Community
Canada
1411 Posts |
Two easy ways;
Build a collection through junk silver
Collect world silver at spot
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Valued Member
United States
379 Posts |
You could store one of your safes at my house free of charge so that you have more room to accumulate more silver.  |
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Pillar of the Community
Canada
5324 Posts |
generally pm is an investment tool, while coins are a passion that generally will not be a great investment. ie, a 1948 ms 60 dollar you can buy for about 2000.00 in 10 years you would probably sell it for 2200.00
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Pillar of the Community
Canada
5324 Posts |
also if you are out of safe space, look into the RCM etf on gold and silver it tracks the pm price by the cents apparently |
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Pillar of the Community
 Canada
1177 Posts |
@senex - that's actually a great idea, I am very good with budgeting my silver and gold so I will try to sit down and budget a price monthly via coins and PM! @windchild - I already have that :( TONS of junk silver dates for my folders, but I can start on the pre 1920 :D still silver for all but the 1$ and 1c :) haven't started! @ericmckewon - oh sure let me give you a call ;) you can hold on to all my PM's and even touch them with bare hands! @john100 - that's my problem!! blowing 300$ on a key date when I could grab 9oz for that price! and what do you mean about the RCM eft? |
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Valued Member
Canada
187 Posts |
jakedacc, I don't see any reason you can't be both a collector and a bullion investor. I started buying a date set of silver maple leaf coins as a hybrid investment/collection. Once I owned a compete date set, I started a silver Britannia date set. Some of these coins can be quite difficult, and carry a premium over spot, which adds to the thrill of the hunt.
There are probably a dozen ongoing silver bullion programs around the world, so it would take some time to complete your collection of each type. This type of collection also has the added benefit of new pieces to add every year, so you're never truly finished, and you never stop buying bullion.
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Pillar of the Community
Canada
5324 Posts |
Royal Canadian Mint started an exchange traded fund based on gold and silver backed by the RCM own gold and silver trades on TSX each share reacts to the price of gold or silver. you can buy and sell the shares just like any stock. look on the RCM website for more info
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Pillar of the Community
Canada
1177 Posts |
@skelly423 that's a great idea! bullion years!!
and @john100 i'll check it out!
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Valued Member
Canada
491 Posts |
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Pillar of the Community
1844 Posts |
Jake , if you want to fill some spots let me know..I will trade you silver coins ( not junk ) from my collection ..... help you thin out some gold & silver
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Replies: 11 / Views: 1,547 |
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Posted 10/10/2012 4:25 pm
