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 Replies: 44 / Views: 4,900 |
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Valued Member
United States
240 Posts |
anyone buying silver rounds or bars now with the price of silver so high? I have stopped and have been buying 90% half dollars for my coin books instead.
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Pillar of the Community
United States
2049 Posts |
Going to a coin show this weekend and will buy, but obviously can't get as much as I would have compared to a month ago. Oh well.
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Bedrock of the Community
Australia
21786 Posts |
I have a small bullion stash, but
now may be the time to expend more learning effort in the numismatic area of our hobby.
One of the profits of numismatics is the background knowledge you accumulate (stash).
Two strings in the bow are better than one.
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Pillar of the Community
United States
2049 Posts |
Quote:
I have a small bullion stash, but
now may be the time to expend more learning effort in the numismatic area of our hobby.
One of the profits of numismatics is the background knowledge you accumulate (stash).
Two strings in the bow are better than one. It depends on one's reason for stacking. If someone is stacking for a SHTF scenario, then what good are numismatics going to be? If you have to trade with someone for food, gas, alcohol, etc., will people care that your coin is in a nice little slab with a professional opinion giving it an MS-65 type of grade? Or will they be more interested in your junk silver or 1-ounce rounds/bars? The problem I see with numismatics is that it's a niche market compared to a commodity like silver or gold. If I need to raise cash quickly, I would rather have bullion than a numismatic item due to the relatively limited market when comparing the two. |
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Pillar of the Community
United States
4333 Posts |
Silver is $5/oz more now than when I was buying last month. I'll just wait a bit and get it for $20 again.
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
United States
7273 Posts |
I'm not really a stacker, but I get a bullion coin (well lately slabbed world bullion coin) when I can. The price difference of a few dollars, doesn't matter, but I'm not stacker.
My LCS says that recently a few people sold (a lot) but many have been stacking for years/decades. I guess if you purchased cheap (a lot of mine I paid $17-$19 an ounce) may be a good time to sell.
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New Member
United States
21 Posts |
One of my local coin shops seems to have good deals on certain coins. He says his margin is razor thin because he likes to flip stuff quickly. Just yesterday, I purchased (8)-80% silver Canadian dollar coins from the 50's and 60's for $13 each. That comes out to be $21.67 per ounce. But is Canadian silver less desirable? Is that why they were cheap? To me that seems to be the case, but why? Silver is silver.
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Pillar of the Community
United States
2049 Posts |
Quote:
One of my local coin shops seems to have good deals on certain coins. He says his margin is razor thin because he likes to flip stuff quickly. Just yesterday, I purchased (8)-80% silver Canadian dollar coins from the 50's and 60's for $13 each. That comes out to be $21.67 per ounce. But is Canadian silver less desirable? Is that why they were cheap? To me that seems to be the case, but why? Silver is silver. I avoid things like War Nickels (35%) and US 40% silver coins. I don't mind 80% Canadian silver if I can get at or below spot. Stackers seem to prefer 90% and 0.999 silver. They pay more for it but also get more for it when selling. I think you got a solid deal and would have jumped on it as well. |
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New Member
United States
21 Posts |
Yes, that is what I've heard too... the 35% nickels and 40% silver halves produce too much waste at the refinery, and you tend to get much less than spot for them. In recent months, I've sold a lot of sterling silver I had inherited, and it seems that sterling doesn't really sell for that much either. I recently got about $18 per ounce when selling a bunch of silverware and jewelry. |
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Pillar of the Community
United States
1747 Posts |
I will continue to buy. Economic conditions, possibility of digital dollar, etc, etc. I don't think you are going to see $20 silver anytime soon. PMs are a store of value.
Is it more likely that silver goes to $30 or falls to $20?
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Pillar of the Community
United States
3342 Posts |
No bargains these days. I have shifted my interest back to collectable coins. But even there, there is little availability and no bargains. My primary interests have all been priced out of reach. What were formerly three figure coins have become mid four figure coins. The inflation in coins bearing the letters cc far exceeds the inflation in PM's.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
04/19/2023 10:26 am
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Pillar of the Community
United States
2049 Posts |
Quote:
I will continue to buy. Economic conditions, possibility of digital dollar, etc, etc. I don't think you are going to see $20 silver anytime soon. PMs are a store of value.
Is it more likely that silver goes to $30 or falls to $20? Same here. I have seen people post that they will load up when silver hits $17-$18. That sounds great in writing, but the reality is there could be even higher premiums at that spot price and how many people will sell at that range if they bought at a higher spot price plus a premium? I am in the camp that we are more likely to see $30 before $20 for the reasons you listed, but I hope I am wrong. Until then, I will stay the course and buy some here and there as my budget allows. The spot price doesn't matter, it just means I either get less or more silver depending on where things are with the spot price plus premium. |
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Pillar of the Community
 Canada
5391 Posts |
Is anyone buying bullion right now ..
Obviously . Even though the premiums are sky high
silver is selling like crazy .
At a coin show in Seattle last week over a hundred people
lined up at the opening at noon on a Friday .
Rolls of Silver Eagles trading at $13 or more
Over Spot!!
90 per cent coin at $10 plus over spot !
We are selling like crazy at our market every
weekend . Buying very little!
So yes people are obviously buying .
Where does it stop ?
That is maybe a better question!
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Pillar of the Community
United States
2365 Posts |
The expectations are that silver will keep increasing and folks are buying as a hedge on inflation since the dollar keeps dropping. If I see something I like, sure I'll keep buying. CrazyMonkey: If you stick with bullion, US is generally .999 and Canadian is .9999. Canadian is a tiny bit more bang for your buck. It depends upon where your interests are and ofcourse, what you buy. I have both. We just recently did a great trade of silver rounds for ASE's. It worked out in our favor so far. |
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Pillar of the Community
United States
533 Posts |
I try to buy every week lately it has been 90%
Could it go to $30? Yes. $20? Yes. You could go crazy trying to predict I just try to buy steady and assume it will even out over time
Prices may rise and fall but paper money just seems to fall and fall. I don't value paper money against a basket of other currencies to see if it's up or down but against a gallon of milk or a dozen eggs and I don't see it going up at all
Silver is simply my paper money inflation hedge.
Edited by jaxenro
04/20/2023 07:41 am
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Valued Member
Canada
128 Posts |
I try to maintain 7 % physical precious metals in my asset mix , so I have not bought much in a year as my stocks have not been going up. I have been buying junior gold miners though as I feel they have not been keeping up with the increase in gold and silver prices.
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Replies: 44 / Views: 4,900 |
Posted 04/18/2023 8:39 pm
