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 Replies: 21 / Views: 4,250 |
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Valued Member
United States
183 Posts |
I have been buying eagles recently, but I was wondering if Canadian maples were better to buy. I say this for 2 reasons. One, there .9999 fine silver, and two, there a $5 denomination. Not that you would ever spend them, but its still a higher denomination. There also a smooth $1 cheaper :P
Thoughts ?
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Pillar of the Community
Canada
5417 Posts |
Maples are just as reputable as eagles and if you're getting them for $1 cheaper then I'd say go for it.
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Bedrock of the Community
 United States
12817 Posts |
Yep. I like ASEs but generally the price over spot is cheaper on Maples, so I'll go with them when available. Same with Philharmonics.
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Pillar of the Community
United States
898 Posts |
I really like the Maple design better to be honest. Eagles are nice but I like the Maples because you can get them for cheaper premiums. I'm working on getting ASE, Maple, Libertad for the same years and doing North American bullion. |
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Pillar of the Community
Canada
3692 Posts |
It's silver bullion, so denominations like $1 or $5 actually are not relevant. Mints impress these numbers on them for legal reasons, I believe. Since you seem to care that SMLs are $1 cheaper then the dollar figure on the coin should not matter to you, IMO. For that reason I sometimes pick up Philharmonics.
My favorite is the Libertad, obviously. It just has this heft for a smaller diameter coin, and edge lettering, which is a pretty nifty and old-school security device.
One extra nine doesn't make a whole lot of difference, they're very close.
Edited by Libertad
06/22/2014 08:57 am
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Pillar of the Community
United States
2543 Posts |
In order to monetize bullion coins (make legal tender), they must have a denomination. Libertads are not legal tender, hence the lack of denomination.(and the lower popularity among collectors) The trick is to make the denomination lower than the intrinsic value of the silver content. ie: if the spot price of silver drops below $5, everyone will be turning in their Maple Leafs for the face value instead of the silver value. ASE's are $1 face and Maples are $5 face because the governments are confident that they silver value will always exceed the face value. Maples are 99.99% pure silver ......... ASE's are 99.90% pure silver and 0.01% copper. Pretty negligible. |
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Bedrock of the Community
United States
20753 Posts |
I'm waiting for the Mint to start making Silver Pennies. Those I'd collect.
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Valued Member
 United States
183 Posts |
denco7 - nice point, I like your break down.
I don't like the philharmonics, they look odd to me :p
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Pillar of the Community
Canada
9863 Posts |
I like junk silver the best. Prices move in step with markets just like bullion, as liquid as bullion, and every coin is a little piece of history.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
United States
1276 Posts |
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Pillar of the Community
Canada
572 Posts |
Quote:
I like junk silver the best. Prices move in step with markets just like bullion, as liquid as bullion, and every coin is a little piece of history. I hear you on the junk. I like them as much as the 999 stuff. Besides history, you get fractional silver, as well. Plus, you don't worry too much when handling them with bare hands. My difficulty is finding junk at low premium. I guess everything comes down to the cost. |
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Valued Member
Australia
51 Posts |
I usually buy whatever is on special at the time eg. low premium rounds or junk at spot or better. If the ASE, Maple leafs, Philharmonics are on sale I will usually throw a couple in. |
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Pillar of the Community
United States
4333 Posts |
I like all of them!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
931 Posts |
I REALLY love my Perth Mint Gods of Olympus ZEUS. Not only is it unique and kind of strange(in a good way), it's the first $500 modern silver coin that I've ever owned. It well may be a $1000 coin before long. It was fun to buy because I had to constantly monitor The a Perth Mint for its release, but I had to be lucky to be one of the 1500 people worldwide whose timing was just right. Buying that coin was like Bass fishing and catching a 14 pounder. It was kind of like hunting. Then, it was kind of thrilling to watch it double in price overnight, and then rise in value at about $50 a week, and it's still going. I possibly could end up with my second favorite coin to buy for $160. My second favorite coin to buy is the one ounce .9999 Gold Buffalo. Very satisfying. |
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Pillar of the Community
United States
5825 Posts |
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Pillar of the Community
United States
931 Posts |
MacMercury, You are my idol. I love Mercury dimes, and always have. I wish that I I knew half of what You do. Would You PLEASE post a picture of Your best 1916D? I would love buying that coin! Edited by junior e
06/24/2014 9:34 pm
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Replies: 21 / Views: 4,250 |
Posted 06/21/2014 11:49 pm
