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 Replies: 16 / Views: 3,559 |
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Valued Member
292 Posts |
So I started collecting silver by getting bars and rounds but quickly found myself more interested in old silver coins. I have trouble processing any benefit to buying bars and rounds over silver coins.
Am I doing it wrong and am I missing something? Should I be adding more bullion to my portfolio?
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Pillar of the Community
United States
2049 Posts |
Buy what makes you happy and don't worry about others telling you what you should and shouldn't buy.
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Pillar of the Community
United States
1391 Posts |
That happens to a lot of people. I started into coins by getting some silver rounds and silver eagles. After a while I started getting older silver coins, just worn ones near spot. Now I mostly just collect coins. Starting out I would have never imagined I would be paying a lot for some crusty copper coin much less multiple times spot for a silver coin.  |
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Pillar of the Community
Canada
2019 Posts |
Buy some gold, how much silver does one need anyways?
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Pillar of the Community
United States
1192 Posts |
Rounds and bars are boring. I love junk old silver coins though.
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Pillar of the Community
United States
2130 Posts |
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Bedrock of the Community
 United States
12819 Posts |
From an investment standpoint, I'm not particularly picky when it comes to silver, but Walkers sure are nice, as are ASEs. If it's just bullion I don't mind a nice, boring, 10-oz bar. |
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Pillar of the Community
Canada
4911 Posts |
Follow your heart, besides, coins have history which translates to value. I started off with coins, I wanted a SML so bad and when I got it the bullion novelty wore off right away and I sold it fora loss so I could get coins.
Feel free to call me Will.
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Pillar of the Community
United States
808 Posts |
Jogging, sounds like you're doing just fine with silver coins. Buy what you like and what you know.
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Bedrock of the Community
United States
11951 Posts |
I like it all.
First you should just buy what ever you like.
But be open to what ever you can get, at the best price
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Pillar of the Community
Canada
3692 Posts |
Quote:
Am I doing it wrong and am I missing something? Should I be adding more bullion to my portfolio? When I read the word portfolio all I hear is profit. Define why you "collect" and you'll know the answer pretty quickly. We can't really answer that without bringing up silverware, teapots, jewellery, belt buckles, etc. Silver is only a medium - the form is all up to you, kind of like the clothes you wear or the car you drive since they all serve a single purpose, and in the case of silver you want it because it's shiny - no other reason (I base that off the physical properties of silver). So the deciding factor is what form appeals to you. It's like if I said, "draw a tattoo", you would draw something that you identify with since there is no definitive picture of a tattoo. You're not doing it wrong, but I hope you don't collect silver items out of peer pressure. |
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Bedrock of the Community
Australia
21786 Posts |
Almost all of my PM silver is World, and in old coins that have come as 'collateral buys' from auction lots.
It is only a 'side game' for me, nevertheless a very interesting way to build a silver stash at a low cost. Mostly low grades, but with coins up to 200 years old, but too poor condition, too damaged or too common to include in my mumismatic collection.
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Valued Member
Australia
208 Posts |
I think like you do JoggingLiberty. Bars and Rounds don't interest me much, though I would buy them if I could get a hot deal. Love US 90%, and I have found that I can get Canadian 80%, or Australian 80% or .925 barely over melt, and they are attractive coins, so they are among my favorites now too. Libertad has a great point about silver objects. I have a found several hundred dollars worth of silverware, jewelry etc. at garage and estate sales for way under melt, (a few sterling silver spoons as low as $1 each) a few items even had additional value for being antique, or designer jewelry, which I am reselling on ebay. It takes some time and effort, but I really enjoy it! |
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Pillar of the Community
Canada
1269 Posts |
I just started buying silver a few weeks ago. I had a lot of questions like yours. Reading the posts on this site was very helpful. I do not think there is a wrong way to do this except of course for paying too much. I have not bought any junk silver coins yet, but this might be next. I will still keep buying SML coins here and there because I like them. I will join in with the many others on this thread when I also say have fun and buy what you like.
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Pillar of the Community
United States
9395 Posts |
I also prefer older gold/silver coins to modern bullion coins, bars, private rounds, bullion novelties, etc. In my non-numismatic stack, I have mostly government-issued "junk gold" coins, and mostly pre-1933. Much of my small silver stack is "junk silver" pulled out of circulation in the mid 1960s.
If you're in this for investment, there's no way to know what type of silver/gold will do better over the coming decades. You might as well get whatever you like having around.
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Bedrock of the Community
United States
12819 Posts |
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But be open to what ever you can get, at the best price. Bingo. Well said, GR58. I think half of the fun of stacking silver is the variety of all the ways you can do it. 90%, ASEs, bars, rounds -- it's all good. |
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Replies: 16 / Views: 3,559 |
Posted 03/22/2015 7:46 pm
