Feeling Anxious About Silver

You do not have to buy something every week.

(How I wish I could buy something every week though!)

You are going to have to save up for the bigger ticket items. This is where I am now with my albums, some expensive holes left. Luckily I can buy a few things from the mint to pass the time (while still saving for the big holes).

@ Kanga, That's the thing, I buy the Panda's because of the premiums they sell at. So they are an investment vehicle for me. I have looked on the bay and then on the online metal companies (Silvertowne, APMEX etc.) and see that even last year's Panda's are selling at 30.00 or more. So I want to get them now at lower prices before they do go up and through the roof.

I have nothing against bars & rounds but from what I have read on the net and on stacker forums they don't sell as quick as say ASE's and US Junk Silver would do in case you have to liquidate quickly.

Hopefully silver will stay reasonably down for awhile so I can get my fill and move forward.

Thank you my coin community family for your input.

ST

I see what you're saying, silver is cheap so you want to spend more on that now than numismatic. Numismatics are a bit more stable and not as influenced by bullion prices... Right... Ok.

So here's what I'm thinking. Slider23's advice is never bad in my opinion.

This is all coming from somebody who doesn't play bullion, just obvervations, so it's all in the "for what it's worth" category.

BUT... I think buying cheap bullion is a great idea if you can find it. I've seen the price of bullion proofs slide a little bit with the dropping price of silver. If silver goes up, I'm not sure that these coins will go "through the roof", but at the very least they will match silver's rise.

As such, I think junk piles with numismatic finds are probably a great thing to go after given your budget. I'm thinking Roovevelt Dimes that appear to be uncleaned and in higher grades. They'll be cheap because they'll likely go for bullion prices, but there may be pieces from the pile you can cherrypick (a high AU '49 S, for example). So it will be doing double duty. And if there's nothing in them, you'll have silver to stack, and if there is, you could fill some holes.

Another thought is piles of low grade SLQs that might have Type 1s in them. (I think there are too many 1916 masters out there to compete with.)

But if you want to get bullion, by all means!

Edit: Oh, and I see you're picking ebay. Maybe try your LCS...

I just have one thing to say............Dollar Cost Averaging.......... Whether your stacking or collecting, buy what you can when you can. If the prices go up, you will only be able to afford less but what you already have is worth more. If prices go down you can buy more, but what you already have will be worth less. Over time it will average out. I just wish I could find a local source that I could buy from weekly. I go searching every Friday afternoon. I ended a 3 month dry spell last week when I bought 2 1/2 rolls of Mercs, 2 rolls of UNC 64 Rosies, and 60 80% Canadian dimes.

SilverTracker, I have the EXACT same struggle that you do. I just buy what I can, when I can. I know exactly how you feel though...

What I've been doing for a while now is buying nice circulated collectible silver coins. I feel that if silver ever skyrockets ,my coins will have both collector and silver value.

I have probably 8-10 kg of Stirling silver in my florins album alone and I don't think of it as Silver they are just collectable coins to me