Considering Some Investment Buys In Silver

nina, It was right under our noses, yesterday.
http://www.coincommunity.com/forum/...ctionID=7686

ASEs all the way. They'll still be around when your nieces are old enough for college. Or an ATB 5oz puck would do nicely if you can push your budget.

Here is my Two Cents Nina you are young with a long investment future in front of you. There is nothing worse than missing out on now while obsessing on the future. Silver is down , it will go up, silver bullion coins are cheap, they also will go up. Trying to figure what newest and greatest coin is going to triple in value next year is going to drive you crazy.

You are what 20 yrs, a little older , do you really want to start obsessing about your precious metals portfolio ? You'll be a crazy person like Yup ( kidding ) before you are 30. I would start stacking bullion coins, Eagles, Libertads, Pandas for now, trade up for gold when you can. Safe, satisfying and , not wildly, but profitable.

Use your money to enjoy life, don't get too responsible all at once.

Oh dear nina,
denco said it best: do not obsess. For $100 you can get 3 if not 4 silver eagles.
Stick then in your underwear drawer and FORGET about them. As long as you are young with a long ways to go buying silver/gold/whatever makes sense. At 62 I doubt that I will see any
disaster, so I do not accumulate bullion. Sure, I have some gold. And my secondary collections constitute a good deal of bullion value silver.
If $80-100 dollars is "throw away' money a few Eagles is the way to go. Just forget the "some day my nieces" thing. Think: "An ounce of silver today is an ounce of silver tomorrow is an ounce 5, 10, 20 years from now."
And PLEASE have some fun along life's journey.

Some of the advice given on here has been spectacular!

I would like to add my 2 cents.

1) Avoid buying from a pawn shop! The silver there is generally over priced! If anything go to a local coin shop (LCS) or find out if there's a local coin show... or even check some of the free listing sites in your area like craigs list or kijiji.... I have a lot of success with the web sites personally. You could also check out e-bay... but buy from someone that has made a LOT of sales and has a very high feedback rating 99 - 100%

2) The choice of silver is completely up to you.. I personally prefer buying old coins with silver content such as morgans or Peace dollars... I try to buy them below melt cost if possible...

3) Silver most recently bottomed out in the market at around $18... and now it's up and down between $20 & $25! My personal feeling is that I see silver staying within this price range for a few months. If you buy ETF's you can easily buy sell and flip the "paper silver" as it goes up and down through this price range up to the point where you may have made a couple extra dollars (after fees and commissions) If you buy bullion... you may have to sit on it awhile as there are some premiums associated that usually put it 2-3 dollars above spot. If you buy silver coins like pre - '64 quarters or halves.. you can sometimes get them below or just at the silver spot price.

What ever your decision is... if this investment is for the long term... buy it.. and forget it... and as other have already said... ENJOY YOUR YOUTH!

Your key word is "investment".
That basically leaves you with only one choice.

Plain BARS.

You want the metal in least expensive form available.
That would be silver bars with nothing on them but weight and fineness.
For your budget I would suggest 5 oz bars with .999 or .9999 fineness.
One a month if you can afford it or however often you can.
And keep VERY accurate records: date of purchase, silver spot, your cost and anything else you consider pertinent.

Why plain bars rather than ASE's, Pandas or other items like that?
Bars certainly do not have eye appeal.
But eye appeal costs extra money.
-- Planchets had to be made and processed for striking.
-- Dies had to be made.
-- Strike equipment has to be purchased and maintained.
-- Labor has to be paid.
-- Numismatic overhead.
-- And other stuff I haven't even thought of.

A plain bar isn't pretty but it's a heck of a lots cheaper to produce.

Do a bit of research.
Look up the spot price of silver and add 10% for the supplier's profit and handling.
Now see if you can get the same amount of silver in any other form for equal or less.

I think you'll come to the same conclusion as me.
Plain bars are the way to invest.

I just bought a 2013 ASE on ebay from Modern Coin Mart for $28.00 and free shipping. Earlier in the month I bought a 2013 silver maple leaf from them. With the economy the way it is, I think it doesn't hurt to stock up when it's this cheap.

"I had a good thing going getting silver pandas at spot for a while, until the store I was going to started selling on ebay and realised they could get more selling them there"

Not everyone is computer savy and still in this day and age everyday old school sellers who are set in ways are realizing that there is a market beyond a human walking through door and looking into a case....

Most anyone I know who has a collector toy store or coin shop still in business uses the site for ONE THING and one thing only to aquire stock at low cost pawn shop prices as people need money and bring their items in and basically let it go at 50 to 75% below its actual value....

They aint paying rent for the samll amount of humans actually coming into store buying merchendise....