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 Replies: 10 / Views: 3,324 |
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New Member
United States
3 Posts |
I'm considering accumulating some silver, and I want to keep it pretty simple. I do wish to buy coins as opposed to bars or ingots.
I was thinking of either buying common morgan/peace dollars, or buying the ASEs.
From an investment standpoint, which would be the better option? Which would have been the better option if the price of silver then doubled? Which would be the better option if the price of silver then fell 50%?
Thanks.
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Pillar of the Community
United States
4846 Posts |
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Pillar of the Community
United States
2661 Posts |
I would go with the Morgan and Peace dollars. If the price of silver tanks the you still have the numismatic value to help hold up the coins worth. |
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Moderator
 United States
23731 Posts |
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Pillar of the Community
United States
2049 Posts |
I would go with a mix. The old diversification model. You'll lose some value on paper if the silver spot price plummeted but you would still have the same amount of silver so keep that in mind. Both carry a premium over spot, with ASE's typically in the $2-$3 over spot range. Right now common circulated Morgans/Peace Dollars are going for about $17 at local coin shops so they are also carrying about a $3 premium over spot. If the silver spot price dropped in half to $9, my guess is we would see a similar situation like Dec 2008/Jan 2009 where dealers premiums would go up on both. I think ASE's were trading at about $14 when silver last $9, and common circulated silver dollars around $14-$15 at the local dealers. |
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Valued Member
United States
432 Posts |
I would buy Morgan dollars. Even better if they are nice no problem coins. They hold value pretty good. |
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Pillar of the Community
Philippines
1156 Posts |
I would also go for Morgan and Peace silver as semi-bullion, not only are they true circulated coins, they are also recognized by collectors worldwide. There will always be a buyer for them.
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Valued Member
United States
56 Posts |
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Valued Member
United States
290 Posts |
Mix is what I am doing, along with other denominations of 90%. I like the morgans and peace because you can handle them.
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Bedrock of the Community
United States
11951 Posts |
I think it would come down to what you prefer or like the best. In the past year I have been doing both. But I have been doing it in sets. A Dansco Silver Eagle BU set and a circulated Peace dollar set. I completed the ASE set and only had to pay a premium over common ASE on two of them, the 1996 and 1997. That is a very nice looking set and it is 25 oz. of silver. On the Peace dollar set it is 24 coins, I have found 16 of them out of the silver bucket at coin shops. They are not top grade coins, but it is a fun set too. I think I will end up only have to buy two for more than silver. The 1921 and 1928. Just a suggestion .. that you can invest in silver and put a couple nice sets together also. |
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Pillar of the Community
United States
1055 Posts |
I don't really think you can go wrong with either. I don't forsee silver value tanking in the near future (but hey that is just my opinion). If you are looking at large quantities you will stay closer to spot prices with the ASEs. Most issues do not have any sizable numismatic premium. If you want to diversify, you can do some morgans/ peace (1921 morgan rolls would be as close to a bullion roll as you would get.)
I think silver in any form will be a good investment.
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Replies: 10 / Views: 3,324 |
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Posted 07/07/2010 8:08 pm
