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 Replies: 22 / Views: 5,706 |
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New Member
Canada
10 Posts |
Hello, I have decided to start stacking bullion and other coins I come across that I like.
I am starting out with mostly silver with a bit of gold I am thinking for every 100z of silver I would do 1oz of gold. My first purchase will be a tube of the incuse silver maples. For regular bullion I will stick with 1oz gold maples and Eagles but for coins with little higher premiums I would do 1/4 oz like the queen's beasts.
I am giving myself a budget of1000 CDN a month to start...how would you go about this?
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Pillar of the Community
Canada
586 Posts |
Wow, nice budget. I would personally go the numismatic silver and gold coins, but in respect to your bouillon quest. I believe you are doing it the right way with SML and GML. Very recognizable by all and if you need to sell, is easy to identify. Just make sure you purchase from a known source and COA are attacked. There is a lot of fakes out there. Whats your purpose for stacking... reason I ask is gold is expensive and not everyone can afford to purchase it by ounce, maybe smaller coins like 1-10 or 1-20 of an ounce GML would liquidate better in a emergency. I have some stuff for sale, but your posts aren't at 50 yet. Hit me up once you do. 1) 2014 $25 Fine silver coin Matriarch Moon Mask $55 2) 2008 Proof Silver Dollar 400th anniversary $35 3) 2008 Brilliant Silver 400th anniversary Uncirculated Dollar $25 4)Vancouver 2010 Sterling silver Wafer 1oz $50 5)2008 50 cent coin Holiday Snowman $15 6) 50 cent first coinage of Canada mint 1908-Ottawa-2008 wood box and stamps $45 7) 2013 Silver Maple Leaf Fractional Set $240 8) 2008 Proof set of Canadian Coinage $85 9) 1996 Specimen set from the Royal Canadian Mint $25 10) 2016 Silver 20 dollar T-Rex coin $25 11) 1999 Millennium Canada set $10 12) 2016 Silent Giant of the Americas $100 silver coin $110 13) 2014 Towering Forest of Canada $200 silver coin $225 Edited by TheBurnz
08/29/2018 4:09 pm
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New Member
United States
10 Posts |
I think you should stick with what you have planned. Start with low premium silver bullion you like and start working up from there as your stack grows. I also agree with TheBurnz's advice regarding fractional gold. You might want to put a little of your $1000 CA aside each month for buys when the price is lower like recently.
I'm sure as you get into it, you'll be bitten with the bug to want to collect more than you can afford. Stay disciplined. There is just so much really interesting stuff you start to feel like a kid in a Willy Wonka's candy factory. I prefer to pick up my silver and gold bullion from established members over on Bullionstacker.com and Realcent.org (There are some from Canada) or prominent online dealers having great deals.
I haven't been around long enough here to pick up any sales but, it shouldn't take long to hit 50 posts. I'm looking forward.
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Pillar of the Community
Canada
5246 Posts |
Well, if you want to get more silver for your money, consider "junk silver" coins. In Canada, you can normally find Canadian silver dollars and 50 cent pieces for close to spot, whereas for the maples you pay a premium of $2-3 per coin.
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New Member
 Canada
10 Posts |
Thanks for the replies guys.
I do want to collect some numismatic but I need to do more research there any tips there?
As for fractional gold I will buy some like Queen's beasts...but also yes buying one oz at a time is expensive...i guess I could always trade up too.
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Pillar of the Community
Canada
586 Posts |
Here is the breakdown of the circulated Canadian silver other then $1 and .50cent pieces.
Silver Coin Year of Issue Weight (grams)
$ 0.10 1920-1967 1.8640
$ 0.10 1967-1968 1.1650
$ 0.25 1920-1967 4.6640
$ 0.25 1967-1968 2.9150
Silver composition anywhere from 92% to 80% from 1858 to 1920's
to 50% up until 1968 I believe.
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Pillar of the Community
Canada
586 Posts |
I got easily distracted early on, lol. Can't believe I just used that line. I've been collecting for a year.  I bought silver RCM coins at first and quickly realized that numismatics had so much more variety and history behind them. Which intrigued me. I then moved to gold Canadian coins from 1912 to 1914, like the one in my avatar, now I am into paper money and fancy serial numbers and who know where I'll be next week.  My suggestion is to see what interests you and try to stay focused, I did say try. It is very difficult to do so in this domain. If you ever have any doubt in a purchase, we are always here to help. |
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New Member
Canada
10 Posts |
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New Member
Canada
20 Posts |
Stick to what is near to spot for investing. You can go with some limited mintage bullion 2$ or 3$ more than regular bullion so you can sell it after for a 2$ or 3$ more or you loose your 2$ or 3$.
But never touch to numismatic unless its for pleasure. Because you will loose more than 75% of your money when selling quickly !
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Pillar of the Community
United States
4333 Posts |
Roll hunt. Silver for nothin, halves for free. I mean face value.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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New Member
Canada
10 Posts |
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Pillar of the Community
United States
4333 Posts |
I also ask what is your reason for stacking. Long term insurance? Not a good investment at all today, unless you can buy under spot and sell much higher.
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
Canada
1051 Posts |
PM's are a poor investment. If you want to make money, buy some solid, dividend paying stock and cash out years down the road...and then you can buy far more PM's than you'll be able to stack in the meantime. The stock market is a rigged casino, but if you want to make money, it's still the best way to do it. It's temporarily making a deal with the devil in order to do the right thing in the end.
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New Member
Canada
20 Posts |
PM are for protecting your wealth not an investment like stocks or other products. So as we said before if you want to protect your wealth go with regular bullion. If you want to waste your money buy numismatics. Regular bulllion is like buying a house. Numismatic like buying a ferrari its beautiful to look at and drive but if you want to sell it buck to ferrari or in kijiji you will be surprised how much you will loose !
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Pillar of the Community
United States
4870 Posts |
I would like to recommend the beautiful 10 oz Royal Canadian Mint silver bars. They are sharp and hefty! |
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New Member
Canada
10 Posts |
Thanks guys.
Yeah I understand right now it could be a meh investment and it certainly isn't for a quick buck this will be a long term thing. I think of it like a backup
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Replies: 22 / Views: 5,706 |
Posted 08/29/2018 5:22 pm
