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Replies: 23 / Views: 3,672 |
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Valued Member
United States
339 Posts |
I have a bunch of silver coins but I recently took a hit on buying the Nintendo 2DS and some games for $230 dollars, I just sold it today for around $150 after ebay and paypal fees and shipping. I've been a gamer for for a looooooooong time to know that it is most definitely not made for investment purposes unless you happen to have unopened rare games that you got for the selling price. I suppose I can go just go by the local coin shop and by some scrap silver if he has any, dollars and halves, dimes and quarters at spot price and let time do its thing *** Moved by Staff to a more appropriate forum. ***
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Pillar of the Community
United States
3184 Posts |
get a mix mash for some diversity, it will be fun and you wont be bored.....get some quarters, dimes, halves, morgans/peace and maybe a silver eagle or two. You'll like the diversity
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Pillar of the Community
United States
1314 Posts |
Mulder, In many ways, you have answered your own question. Q. What to invest in as far as silver? A. Silver! Invest in silver. I do. And as little money as I have, I make up for it in legwork. Lets suppose (and I believe it is true,) that this is a buyer's market. And suppose that the silver market is driven by industrial needs and not just investment and jewelry markets, as is gold. I find two productive sources. Bullion and melt coins. Bullion is 99%+ silver, and when you decide to sell silver, no one cares if they are art bars, rounds or American eagles. Buy and sell by weight. If you want to capitalize on rarity, condition, or collectability, then invest in rare, prime condition art silver. But when silver sells for $20/oz., your MS70 American Silver Eagle isn't worth 10 cents more than a 2002 Christmas Bar, to the refinery that sells silver for the X-ray industry. Silver is silver. Buy it as such. Melt bucket coins are very similar except you need to pay attention to the weight and purity differences. If you're going to be a silver hound, you'll learn to find bargains in unpopular bars, rounds and melt bucket coins. When I sell to my dealer for melt value, he does not care that the Peace dollar, was in a belt buckle, fell onto the highway and got run over, and then was used as a soft jaw in the vise to work on a firearm. Silver is silver. If I haven't answered your question, let me know. I will try to clarify and explain further. If I have answered your question, I expect you will cogitate for a bit and want to pose your next question. Do. That's why we are here. And thank you for affording me the opportunity to express my thoughts. The real experts will be along shortly, and delight in proving me wrong. I really do like them. It's how I learn. Good luck.
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Pillar of the Community
United States
3486 Posts |
One word, three letters: WHY? If you believe that silver, as a precious metal needed by industry, will recover then one ounce coins are my choice. If you believe that silver will become once again valued in trade due to a monetary crisis, then common junk silver coins are the way to go. People will recognize them. And be sure, the news stations will be instructing us as to how to identify them. If you want silver but have a bit of the coin collector in you, then common date halves are a good choice. A complete set of Franklin halves can be assembled for bullion rates and it has $17.50 face value. Has a great heft, too. Any of these is valid if it meets your reasoning. The final choice is yours.
Edited by matthewvincent 12/13/2013 1:11 pm
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Valued Member
United States
368 Posts |
like I always say ASE are my favorite in regards to silver
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Pillar of the Community
United States
1584 Posts |
Most coin dealers I know privately recommend buying bullion (common 90% silver coins or 999 bullion) over "collector" coins as an investment. If you buy low and sell high you'll do fine. Not always easy. I know I sound like Captain Obvious  , I don't mean to preach or talk down to anyone. I have done very well over the years buying and selling silver bullion. When spot is low silver can seem scarce, but big dealers like JM Bullion, Provident Metals, MCM, etc need to keep their money turning and bullion can be had cheap. When the spot price goes high everybody and their mother is looking to buy. This is the time to sell. I've never understood why so many people buy at the top, speculation on the price going higher I guess.
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Bedrock of the Community
13014 Posts |
To answer what should you invest in as far as silver, the answer is honestly absolutely nothing.
Spot price has been falling for two years straight and has basically had 2 good chances to cash in in the last 50 years. It's way to high right now to even think about that. Time doesn't mean it's going up either.
The ONLY thing that anyone should consider for PM investment are the stocks. No premium, no seller fees, can be bought and sold in a second with a click of a mouse. I wouldn't touch those either right now. Other than that buy bullion because you like it not because you think you'll make money, there's a lot of people underwater with their silver investments who were thinking the same thing.
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Pillar of the Community
United States
1211 Posts |
I tend to agree with Basebal21, but not completely. Personally, as long as you do it slowly and in small incriments, adding some silver to your stack as finances allow can never hurt. In the end you will likely break even, but it's always nice to have a little silver stored up for a rainy day.
$10 in silver here, $25 in silver there, stop buying sodas at work etc, and the next thing you know you've got a nice little reserve.
I completely agree that silver/coins should not be strictly an investment. Collect for fun and add some silver here and there. That's my thought.
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Valued Member
 United States
339 Posts |
I completely stopped spending money at work for breaks to save up a little for whatever reason, if I'm ever up in the area again I'll stop by the coin shop and get some franklins, I don't have any of those, or Peace dollars
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Pillar of the Community
United States
7189 Posts |
Both are beautiful coins and under appreciated.
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Pillar of the Community
Canada
2805 Posts |
I would buy any undamaged world silver coins at melt. Flipping them will require some solid knowledge as to what is a good pick and has numismatic value, and it is not exactly as liquid, but there is always a chance that you will score... and this chance is much higher than the chance of pulling American key dates out of junk silver (which is also possible  ).
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Pillar of the Community
United States
561 Posts |
I will chime in with my OPINION which is just that. I am far from an expert.
The first thing to consider is how you define INVESTMENT. To me an investment is anything that is purchased with the hope that it will generate income or appreciate in the future. Obviously a stack of physical silver is never going to generate income so you are looking at only price appreciation to make it an INVESTMENT. We can argue the merits of that all day long and truth be told nobody really knows what the future will hold but SILVER has proven to be a pretty effective store of value where as the U.S. Dollar (assuming that is what you would hold if you didn't buy silver) has not.
I would consider buying "junk silver" to start as it represents the most economical means of acquiring silver and is fairly liquid should you change your mind. There is certainly going to be risk associated with any purchases in PMs but to me this is the area with the least risk until you acquire additional knowledge in the more collectible coins. As previously mentioned you will get the opportunity to see many different series of coins that fall into this category and maybe one catches your eye as a collector.
Ultimately, it needs to be something you enjoy doing not just something that you are looking to make money doing. If you enjoy collecting and investing in silver you will likely put in the necessary time to make better informed buys and sells, you won't win every time but the idea is to win more than you lose and enjoy what becomes a wonderful hobby with some potential financial upside. As long as you aren't spending the mortgage payment to speculate you will be just fine.
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Valued Member
United States
231 Posts |
If I had $150 to invest in silver right now, I'd buy a 5 oz ATB, and you'd still have about $20 left over.
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Pillar of the Community
United States
8516 Posts |
Personally I like the 10 ounce Scottsdale Stackers. Just hang on to em till prices go back up. They sell like hot cakes and at a premium.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
1109 Posts |
One thing I have recently done to kind of diversify my silver is to buy both Silver Eagles and foreign silver coins. I have several Libertads, Chinese pandas, Australian kookaburras and koalas, Canadian maple leaf coins, etc. That way, if something, like say, the 2013 Kookaburra, skyrockets in price, I can sell it, buy MORE silver, and still have a collection that's not all ASEs. When you buy them fresh from the mints, they are usually only a little more than what you'd pay for ASEs. Just an idea.
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Valued Member
 United States
339 Posts |
Most of my current silver (around 90% of it) was found when I was at work and switched them out with the normal cupro-nickel ones in my pocket, since I stopped being on register I stopped finding silver in circulation and now have to buy it.
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Replies: 23 / Views: 3,672 |