Choosing Coins Vs. Bars; Cataloging; Purpose Of Serial #

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Jmsb New Member United States 1 Posts	Posted 11/08/2012 12:38 pm I'm just beginning to invest in silver and gold bullion. My plan is to buy both and hold for the long term. I've read a number of things online regarding counterfeit gold bars being fashioned by filling hollowed-out bars with tungsten, etc. Naturally, this has caused me some concerns. I was hoping to stick with 1 oz Credit Suisse gold bars sealed in assays and 10 oz Johnson Matthey silver bars with no seal or assay. Are the 1 oz gold bars more difficult to counterfeit? Does buying bars sealed in an assay card offer a bit more protection, or possibly a better deal for me when eventually selling? Would purchasing 1 oz Gold American Eagles provide an extra level of safety over gold bars? Once beginning my acquisitions, I wanted to catalog everything, of course. With the bars, I planned to document each bar's serial number along with the date I acquired the bar and perhaps the name of where I acquired it. Should I document any other information, or perhaps take a photograph of each bar as well? Also, does a bar's serial number offer any benefit? Can I use it to find out when the bar was minted or any other details? Report this Post to the Staff

harrison2 Pillar of the Community Mexico 1304 Posts	Posted 11/08/2012 2:11 pm SNs are helpful in the case of an insurance claim or a theft. It might be a good idea to record where the puchase was made/who you bought from. Keeping photos of purchases is also a good idea. That's what I do, at least the original photo from an auction listing if there is one. Report this Post to the Staff
rgathright Valued Member United States 264 Posts	Posted 11/08/2012 2:50 pm Let's face it bars are boring compared to shiny silver coins! I only purchase numbered bars in an effort to increase their numismatic value. You never know when someone will be looking for a particular serial number range. For example, go check ebay for Englehard and JM bars that have serial numbers as compared to non-numbered bars. Often you will find the serial numbers fetch much higher resale values. Report this Post to the Staff
Fat Freddy Pillar of the Community United States 1200 Posts	Posted 11/08/2012 3:20 pm Serial #s were recently the topic of another thread -- refer to... https://goccf.com/t/132525 Also... It's best to keep complete documentation - including @ least a complete, current, detailed inventory; detailed photos of (both sides of) everything in the inventory; receipts for everything. If the value of the collection is substantial, keep @ least 2 copies of all documentation - in @ least 2 different places. In addition to that, check w/ your insurance peddler and see what limitations your coverage has (specific $ limits per item, overall $ limits, etc). You may need to specifically list and specifically insure certain items of higher value. Also check on "perils insured against" - are you covered for theft, "mysterious disappearance" (a REAL can of worms there!), against "all risks" or what? This might seem like overkill, but if you're starting out w/ ounces of gold, you'll probably end up w/ some serious $$ invested in PM's. If you ever end up dealing with insurance company claims adjustors, you'll realize it wasn't overkill - it was just prudent suggestionss from somebody who's been there, done that & got the T-shirt. Report this Post to the Staff
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