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 Replies: 10 / Views: 1,809 |
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Pillar of the Community
United States
5887 Posts |
Poll Question
I would think it would be better to invest in constitutional, just so if we have a market crash I could use it for spending money. That's just my opinion though. What do you think?
*** Moved by Staff to a more appropriate forum. ***
Collector of U.S. Coins, Varieties, and Colonial Coinage
Edited by CoinHunter27
11/17/2018 9:58 pm
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Pillar of the Community
United States
720 Posts |
I don't think your reasoning is ever going to come to pass, but I went with constitutional silver because I believe it would be easier to sell. Some buyers might hesitate buying ingots or silver in other forms from private mints they're unfamiliar with. U.S. silver coins are a known quantity.
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Pillar of the Community
 United States
5887 Posts |
Great thanks. Also thanks to the staff for moving my poll. Appreciate it.
Collector of U.S. Coins, Varieties, and Colonial Coinage
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Valued Member
United States
493 Posts |
Constitutional is good because it's super well known, .9999 is good because of refining costs, and anti-counterfeiting on them has become amazing, then larger brick bars for hoarding purposes since they take up less room.
That if pertaining to a market crash is more of a when.
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Pillar of the Community
United States
5887 Posts |
Your righ. Thanks for your input.
Collector of U.S. Coins, Varieties, and Colonial Coinage
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Pillar of the Community
United States
5887 Posts |
50/50! Nice diversity.
Collector of U.S. Coins, Varieties, and Colonial Coinage
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Pillar of the Community
United States
4692 Posts |
Quote:
if we have a market crash I could use it for spending money If silver ever goes to $1/oz, this will be the least of your worries! I prefer to go with the smallest buy/sell spread, so for me bullion is preferred between these 2 options. |
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Pillar of the Community
United States
5887 Posts |
That's why constitutional is my pick.
Collector of U.S. Coins, Varieties, and Colonial Coinage
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Pillar of the Community
United States
4211 Posts |
Interesting and the race is on.... very close right now.
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Pillar of the Community
United States
772 Posts |
50/50 on the nose right now. I would say constitutional because like you noted, it is legal tender, and who doesn't love old silver coins?!  |
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Valued Member
United States
287 Posts |
I have tried selling both constitutional and bullion outside of normal channels (ebay, dealers, etc). It is very very hard to get anyone to take silver when things are good in the world. If things get bad, I feel it will be even harder. If things get bad, consumables will be the thing to have to trade. Food, ammo, alcohol, tobacco, TP all will be very easy to trade. When silver becomes priced based on demand for physical instead of priced by paper trading, which I believe it will some day, the price in dollars will be much higher. When silver goes back toward 50$ there will be several issues with "junk" silver. One being weight, the wear on coins adds up. a 1000$ bag could weigh net only 700 ounces instead of 715. The premium on 1000$ bags will shrink and possibly go negative due to the refining times. When silver is hot, it can take a month or more to get 90% turned into "deliverable" silver. (1000 oz .999 bars) Someone has to take that risk of large daily price swings. Modern government issue 999 (Maples, Eagles, Onzas) should keep it's premium better than most everything else. Just my opinion.
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Replies: 10 / Views: 1,809 |
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Posted 11/18/2018 11:09 am
