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Replies: 10 / Views: 2,037 |
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New Member
United States
13 Posts |
Pay the high premiums on Silver Eagles or buy junk silver?
*** Moved by Staff to a more appropriate forum. ***
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Pillar of the Community
United States
7390 Posts |
 There is a sale going on right now 2011 5oz pucks that are so attractive in terms of price (and looks) they are selling FAST. But hurry up because the sale lasts only until Sunday or the supply runs out... Basically they're $92 +/- here and sell on ebay for $110 +/- currently https://goccf.com/t/239729
Edited by Cascade 09/10/2015 8:33 pm
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Pillar of the Community
United States
932 Posts |
I usually buy junk, but the silver eagles are very easy to keep track of, ounce wise. It's really up to the person who is stacking the silver, for it is mostly a matter of personal preference. I like to have some of both, but that's just me 
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New Member
 United States
13 Posts |
Thanks for the feedback! Just a hedge... maybe slight hobby
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Valued Member
United States
52 Posts |
Junk silver. It's your best bet for market recognition and wider acceptance. just don't see the appeal of premiums for shiny designs on pure rounds. EDIT: My reasoning is simple: Go with the product that is constantly selling out at dealers. 90% Roosevelt dimes are in serious demand. So that would suggest it has the highest probability of increasing in value. There are still some sites in stock, but not all. And not all offer quick shipping.
Edited by Crescendo 09/11/2015 6:20 pm
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Pillar of the Community
United States
932 Posts |
Also you pay more for the minting process for the Silver Eagles
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Valued Member
United States
415 Posts |
I am a silver dealer, and run into this question on almost a daily basis.
The 3 main options I recommend to customers are:
1. Silver American Eagles 2. Silver Rounds (1 oz, Usually Buffaloes) 3. 90% Silver coinage (junk silver)
I don't recommend anything larger or smaller then a 1 oz round. While premiums are usually lower for 5, 10, 100oz, ECT, You will find it harder to sell larger larger amounts, and with significant low premium compared to other options. Anything smaller then 1oz, Premiums are through the roof and no better than any of the other options. This isn't gold, and 1oz is extremely affordable for investment purposes.
(I am being called to dinner and will finish this when I return. I will break down each of the above 3 options)
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Pillar of the Community
United States
932 Posts |
^ 
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Pillar of the Community
Canada
3692 Posts |
Neither, I always recommend a 10 ounce bar. They are great all-around bars for size and value. One ouncers are so weird because they weigh you down and they're not worth anything significant. I'd rather have the paper money to be honest. Look up my posts from the past few months as I've laid down my reasons why 10 ouncers are the bomb. Eagles - why pay the premium on a one ouncer, are you going to sell them one at a time? Huh - weird. How are you going to "get out" of this coin when you think it's time to sell, as the buyer will not pay you a premium unless they are desperate at the end of the bull rush. I sell at $40, no less, and I give my crappiest "junk" to refine, so this means anything under .999 fine (all types of junk coins), and .925 scraps. Junk - I don't even have words for this. It's like buying a broken down car for parts that nobody wants. Anways, those are my feelings on the topic. I've never been satisfied with US "junk" silver, but it's fine if you're making a year and mintmark set on the cheap as a first-timer. I've done this with Canadian silver coins, and not for the silver content, but to find good examples of common dates (dimes and 5 cent fishscales are the most fun). Quote:My reasoning is simple: Go with the product that is constantly selling out at dealers. 90% Roosevelt dimes are in serious demand. So that would suggest it has the highest probability of increasing in value. Isn't this a good indication for one to begin selling (not buying) one's 90%ers?
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Pillar of the Community
Canada
2019 Posts |
I look at what a bullion coin or bars buy back price verse the sell price is, ASEs or SMLs are not the best choice atm as far as bullion "coins" go because of the higher premiums and the buy back prices. Philharmonics and Britannia's are not bad atm. 1 oz bars are better then the coins. This is a Canadian site in Canadian dollars. https://www.atlanticgoldsilver.com/silver-c-2.html
Edited by Northerncoins 09/11/2015 11:05 pm
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New Member
United States
5 Posts |
Both are great options IMHO. However, I would not pay a high premium on either of them. Your question depends on the price you can find at the time. I personally would never pay $3-4 over spot for ASE or pay the high premium that junk is fetching right now. If you are set on only those two options just be patient and wait to find a deal on one of them. If you are open to other options I would look at 10oz bars less than a dollar over spot.
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Replies: 10 / Views: 2,037 |
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