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 Replies: 15 / Views: 1,928 |
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New Member
Canada
46 Posts |
Which do you do/prefer, and why.
Bullion or Junk Silver (as in older silver coins).
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Bedrock of the Community
13014 Posts |
Bullion looks better usually but with junk there's always a chance a key date was included the seller missed
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Bedrock of the Community
Australia
21786 Posts |
Bullion silver looks nice and shiny, and the purity should be guaranteed. That fact, I think, attracts more buyers.
I am in the minority in this reasoning, and I don't accumulate bullion coins; they are not my interest.
I have about a kilogram of bulk scrap silver coins that fail to make the grade or scarcity requirements to take a place in my collection. Most of this stuff I have had for years, when the silver price was below $10 per ounce. This accumulation is interesting enough to review occasionally, anyway.
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Pillar of the Community
United States
3789 Posts |
IF I was going to do it that way,,, I would do silver bullion but I would only buy the coins that carry the highest premium.
You want quality over quantity. period.
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Pillar of the Community
Canada
5417 Posts |
I have a good mix. Usually about a ratio of 20oz Bullion to 25oz Scrap.
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New Member
 Canada
46 Posts |
I was asking this because, if you buy silver bars for example, they usually won't carry a high premium at all down the road. However junk silver of today, might have numismatic value down the road if the hobby still survives.
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Bedrock of the Community
13014 Posts |
Junk silver probably isn't going to gain any premiums in our life time. They've already gone a few generations without any change aside from spot. But there is always a chance
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Pillar of the Community
United States
808 Posts |
Out of all junk silver, I enjoy collecting Franklin halves the most due to their relatively brief number of years in production some unique design elements. Silver bullion is satisfying to stack and all, but sorting through the junk is really way more fun. |
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Pillar of the Community
Canada
5417 Posts |
@basebal21: I think it will. I mean, a few decades back, Morgans were only worth spot, same with most Standing Liberty quarters. Now they regularly go for $25-$30 in well circulated condition. Same way I think that the older stuff like Barber coinage, Walking Liberty halves, and the odd seated dime/half dime you can find for melt will be worth more than that in the future. |
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Pillar of the Community
United States
808 Posts |
zxcccxz said Quote:I think it will. I mean, a few decades back, Morgans were only worth spot, same with most Standing Liberty quarters. Now they regularly go for $25-$30 in well circulated condition. Same way I think that the older stuff like Barber coinage, Walking Liberty halves, and the odd seated dime/half dime you can find for melt will be worth more than that in the future. Very likely given the large quantity of these coins having been sold for scrap over the years. |
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Pillar of the Community
United States
4333 Posts |
My favorites are 1964 Kennedy halves, obtained for smallest premium possible. They are large coins, and most carry very little wear from circulation, and that's important, when silver prices rise, and buyers get out their scales. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Bedrock of the Community
13014 Posts |
ZX: Like mentioned the great melt probably did have a lot to do with it. Morgans are kind of a class of their own though with their following buying up everything they possibly can. They seem to retain interest in all grades which some of the other series dont currently have the luxury of. So to me theyre more of an outlier but at the same time their premium over an ASE really isn't that much if you compare the two. That said I do agree theres some potential for some like barbers where there just arent that many left by comparison. It wouldnt take that large of an interest increase to drive those prices up. Will it comes who knows. I dont see it for walkers or mercs especially where even uncirculated only sell for melt. I dont disagree some of the older stuff should have a bit of a premium just because of what they are, but I dont ever see it being a strong premium. Certain bullion ASEs like the 1996 have out performed them in terms of premium to this point. That of course could change but I dont ever expect a strong premium in our life times for junk silver barbers ect without a massive increase in collecting causing a big shortage or someone going crazy melting them down. |
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Pillar of the Community
United States
3184 Posts |
guys, a monster box of eagles is boring to look at. Own the same amount in morgans, peace, 90% and your kids can have fun going through it and they can learn and see a bit of their history right in front of them. They can see what their grandparents bought and honestly, holding a morgan in ones hand, you can kind of imagine what it was used to buy vs a silver eagle which is boring
If you want, get part bullion and part junk silver
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Pillar of the Community
Japan
666 Posts |
bullion
prefer kookaburras, koalas, pandas, kangaroos, etc ... though no ASEs, maples, philharmonkers
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Pillar of the Community
United States
808 Posts |
No love for the Canadian Wildlife Series, bekiz?
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Pillar of the Community
Canada
3733 Posts |
for what they call junk silver to really appreciate, they would need the mint to re-clarify, their mintage numbers to include.. estimated remaining coinage..Problem is no-one and I mean no-one has any idea how many of any silver coin denomination remains.. Sooo many coins have been melted down, you couldn't even begin to guess what is remaining.. Myself I firmly believe that lots of the so called high production number of some coins are probably even lower than key dates issued..If you were to go back some 20 years or so a lot of the low mintage key dates, never made it to the melting pot, because they were always worth more for their numismatic value..However truckloads of what they call common silver coins did go in the melting pot, and for this reason true junk silver coins probably will never realize their true value..
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Replies: 15 / Views: 1,928 |
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Posted 03/16/2014 10:24 pm
