| Author |
 Replies: 16 / Views: 2,633 |
|
Pillar of the Community
United States
7293 Posts |
So I have a question and I hopefully can get a few answers. I already asked a few fellow collectors but wanted the general "consensus" or not of the community. Does it make a difference what silver to stack? I'm not a stacker but my local coin shop is opened and he sells all silver dimes at the same price. Since the Mercury dimes and Roosevelt are the same price does it make a difference which one to get? Edited by hfjacinto
05/28/2020 2:05 pm
|
|
|
|
Pillar of the Community
United States
4846 Posts |
If it were my choice I would prefer the mercs just because I think they look cooler and are more fun to have as a numismatist
I would also think that they would provide more value than a silver roosie would if the price of silver were to crash. Similar to how wheat cents are worth a bit more than, and are more desirable than copper memorial cents
You could make the argument that you technically may get less silver with the mercs as junk mercs tend to be much more worn than junk roosies, but I think the difference is negligible when were talking about the volume any retail buyer would ever get
Edited by Adam_E
05/28/2020 1:10 pm
|
|
Pillar of the Community
Russian Federation
5177 Posts |
Quote:
If it were my choice I would prefer the mercs just because I think they look cooler and are more fun to have as a numismatist
I would also think that they would provide more value than a silver roosie would if the price of silver were to crash. Similar to how wheat cents are worth a bit more than, and are more desirable than copper memorial cents  In general, for the most part, the older the better. If they offer Barbers (for the same price), take Barbers. If they offer Seated Liberty dimes... yeah. (Seated Liberty is unlikely, of course, but I could imagine Barbers from a sufficiently uninterested place.) |
|
Pillar of the Community
 United States
7293 Posts |
Quote:In general, for the most part, the older the better. If they offer Barbers (for the same price), take Barbers. If they offer Seated Liberty dimes... yeah. (Seated Liberty is unlikely, of course, but I could imagine Barbers from a sufficiently uninterested place.) This is what I think also, and while there are a few barbers in the pile, the condition is pretty bad. The Mercury dimes, are at that not terrible condition. Here are samples.  |
|
Bedrock of the Community
United States
10284 Posts |
Even a worn merc is pretty. I hope someday the Roosevelt changes. that would also make stacking mercs a better bet.
|
|
Pillar of the Community
United States
4846 Posts |
Just out of curiosity, what x face are they asking?
|
|
Pillar of the Community
United States
7293 Posts |
Quote:
Just out of curiosity, what x face are they asking? For the last 2 years it was 12-13X face, but its jumped to 15X last few weeks. |
|
Pillar of the Community
Canada
5253 Posts |
silver content of BU Roosevelts vs VF Mercuries is likely a few % more. AG dimes may have lost 10-15% of their weight. Some day I will do a proper study, but this is what I recollect from a test that I did a few years ago.
|
|
Pillar of the Community
United States
2521 Posts |
The coin collector in me prefers the older stuff, But.....take three plastic dime tubes, fill one each with (average circulated) 50 rosies, 50 Mercs and 50 Barbers. You will find that the tube with the Rosies will hold 51 or 52, Mercs probably 53-55 & Barber 57-59 (or more). Your paying a good bit more for an ounce of silver if you're buying the older stuff. If you're strictly trying to stack silver, than the less circulated, the better. Me personally, I'm buying anything I can get at or below melt and letting the coin collector in me go at it. (found keys and semi keys in my purchases at below melt).
|
|
Pillar of the Community
United States
4333 Posts |
Quote:
Does it make a difference what silver to stack? We need to know why you're stacking. If it's for shtf, stack the mercs. Most people won't know the difference between a silver or clad Rosie...and don't confuse them with dates. There's no mistaking a silver Mercury dime. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
|
|
Pillar of the Community
United States
7293 Posts |
Quote:
We need to know why you're stacking. If it's for shtf, stack the mercs. Most people won't know the difference between a silver or clad Rosie...and don't confuse them with dates. what is SHTF? As to why I'm stacking, I don't think I am, I'm not a stacker (per se), I work in finance, investing in PM is a pretty bad investment, even as a hedge against inflation, this is a long term risky bet. So I'm picking up silver coins because I like them. If they go up in value, they go up. If they go down, I don't have thousands tied up. |
|
Pillar of the Community
United States
3475 Posts |
Quote:
what is SHTF? Stuff hits the fan |
|
Pillar of the Community
United States
4333 Posts |
Quote:
As to why I'm stacking, I don't think I am, I'm not a stacker (per se), I work in finance, investing in PM is a pretty bad investment, even as a hedge against inflation, this is a long term risky bet. So I'm picking up silver coins because I like them. If they go up in value, they go up. If they go down, I don't have thousands tied up. Agree, not a good investment yet a percentage of physical PMs are recommended for a balanced portfolio. The rest is digital or paper. Bad hedge? Over 50 years ago a silver quarter would buy a gallon of gasoline. The value of that same silver quarter will, in many locations, still buy a gallon of gas (here it would buy over a gallon and a half). When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
|
|
Pillar of the Community
United States
7293 Posts |
But your looking over a 50 year time frame. If you purchase silver in the 80's and sold it now you would lose money. Yes silver is a bad hedge. Using any 2 points in time one can make it look bad or good. On average PM Have fluctuated from high to lows to 20 years of stagnation.
Heck if you purchase silver from 2011-2013 and sold it now you would lose money. I know you'll say you'll take it with you, but what happens when you need it? Hard to guarantee what it's price will be. If after paying your bills, saving for retirement and having a cushion to live on for a few months, buying PMs can make economic sense. But being in debt and buying silver , oh well I'm not a financial advisor so you do what's right for you.
Edited by hfjacinto
05/30/2020 12:35 pm
|
|
Pillar of the Community
United States
4333 Posts |
Quote:
But your looking over a 50 year time frame. If you purchase silver in the 80's and sold it now you would lose money. Yes silver is a bad hedge. Using any 2 points in time one can make it look bad or good. On average PM Have fluctuated from high to lows to 20 years of stagnation.
Heck if you purchase silver from 2011-2013 and sold it now you would lose money. I know you'll say you'll take it with you, but what happens when you need it? Hard to guarantee what it's price will be. If after paying your bills, saving for retirement and having a cushion to live on for a few months, buying PMs can make economic sense. But being in debt and buying silver , oh well I'm not a financial advisor so you do what's right for you. The value never changes. Your mistake is that you're measuring PM value in fiat dollars, which is negligible. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
|
|
Pillar of the Community
United States
7293 Posts |
Quote:
The value never changes. Your mistake is that you're measuring PM value in fiat dollars, which is negligible. HMMMM... so what am I supposed to measure it in? Rocks, the number of chinchilla's I get for an ounce of Silver? What I can barter for it? Sadly why you believe fiat currency is "negligible", its the unit of transfer now. So having fiat dollars or silver or random electronic bits that translate to dollars, that's all there is. Try to go out and buy a steak with your silver... IT CAN'T BE DONE EASILY. There needs to be an intermediary to facilitate that transfer in this case fiat dollars. |
| |
Replies: 16 / Views: 2,633 |
Posted 05/28/2020 1:31 pm
