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 Replies: 9 / Views: 1,550 |
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Valued Member
United States
314 Posts |
For the most part, 90% silver coins are very readily bought and sold, while sterling coins seem to be very unpopular with silver investors as well as many collectors. Sterling silver being a higher percentage of silver content, what is the reason is gets treated like the unwanted stepchild?
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Pillar of the Community
Canada
3692 Posts |
I don't think they get shunned, but they're not widely talked about either. I love em 'cause they seem to have that sweet spot in terms of purity and longevity. They feel prestigious in your hand.
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Pillar of the Community
United States
642 Posts |
 I don't think they are really shunned. But you have double demand for 90% silver where you have bulk silver buyers looking for them, and collectors looking for them also. One other thing to consider, some sterling bullion is stamped by private parties and is not regulated. So unless from a trusted source, some people are weary of overstated purity or worse. Trusted source Sterling is a great investment. |
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Pillar of the Community
United States
2734 Posts |
Anyone who doesn't want their .925 Silver is more than welcome to send it to me. I'll give all of your silver a good home!   Quote:
...what is the reason is gets treated like the unwanted stepchild? Because they're not U.S. coinage. A lot of people in the U.S. aren't familiar with what Canadian/World coinage is 92.5%, 80%, 50%, etc., so they stick with the "known quantity" of pre-1965 90% silver U.S. coins. Melters also prefer 90% coins as a "known quantity".  You can get some fantastic deals in non-U.S. silver coins due to buyer's lack of knowledge about them. Even for bullion, "education is the key to collector success".  I bought a 1966 Australia round 50 cent piece (80% silver) for US$1 a few years ago. Even then, it was over worth over US$4 in melt value. People used to shun 40% JFK's (some still do!). I saved lots of them from circulation in the 1980's when they were worth little more than face value. Edited by DNA
04/07/2011 2:46 pm
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Valued Member
United States
230 Posts |
DNA is absolutely right, I managed to get some amazing deals on foreign silver on ebay due to lack of buyer (or seller) knowledge. For example, just last week I "stole" a 1/2 Crown 1993 Gibraltar proof for $3.94 shipped (.999 silver. ASW 0.4994 oz). The guy selling it had no idea it was silver and gave virtually no description. Not that I mind...  |
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Rest in Peace
United States
9104 Posts |
A stack of silver rounds or coins is a known quantity and a lot easier to handle than a box of sterling pieces parts.
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Valued Member
United States
426 Posts |
Quote:
A stack of silver rounds or coins is a known quantity and a lot easier to handle than a box of sterling pieces parts. That's true biggfredd but there are plenty of foreign .925 sterling silver coins which I believe the OP was referring to. DNA:That's true. When your'e armed with knowledge of foreign coins you can get some good deals. Edited by RealPeso
04/07/2011 8:08 pm
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Pillar of the Community
United States
1817 Posts |
I bought a BU CN 1951 GB Crown for something like five bucks and change last year on e-Bay, having not the least idea of its size or original value. Boy was I surprised when a fat and heavy envelope arrived in the mail and an overstuffed 2x2 dropped out. Part of the reason sterling seems to be "shunned" is the lack of exposure to foreign coins and not enough foreign coins or collectors of such in the US. Had I known how big, beautiful AND heavy the crown sized coins are, I would've chased them all down, only except the material isn't available in quantity, unlike easily recognized 90% silver.
Edited by Bizybackson
04/07/2011 8:33 pm
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Pillar of the Community
United States
511 Posts |
People like the familiar, and most American collectors go for .900 fine or .999 rounds and Eagles. I recently picked up some .720 fine Mexican pesos from the 1930s and 1940s for a very low price.
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Valued Member
Canada
442 Posts |
I don't they' they're shunned, but perhaps just less popular, and as some mentioned, some people just dont' know they are sterling. Now I have to go find out what sterling coins were minted here in north america!
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Replies: 9 / Views: 1,550 |
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Posted 04/07/2011 2:18 pm
