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 Replies: 18 / Views: 3,150 |
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New Member
United States
34 Posts |
i been reading on here last couple of weeks seems a lot more people are or have been in coins vs bars are they going by the way side are bars thing of the past? just asking
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Pillar of the Community
United States
7187 Posts |
Bars are just chunks of metal, coins will have many designs to admire.
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Valued Member
Canada
442 Posts |
search silver bars vs coins in google, and you'll get lots of discussion from it
Basically, If you just want to maximize your silver holdings, and get as much as you can for as low as you can, 999 bars are a good way to go. Lower premiums for most generics. Upside to this is its cheaper, and you'll get more for money. Downside is that they're not as liquid, and don't get the same return as coins. Also, with the price of silver going up, there are lots of fakes out there. So it might be harder to sell them down the road.
Coins cost more, especially Govt minted ones such as eagles, maples phils, pandas, kooks, etc. You'll probably pay $4 over spot. Upside is that they are quite recognizable, and easier to sell as its not as easy to fake (although there have been instances of fake chinese pandas). Downside is you get less for your money.
Stack whatever you like, and you should be good in the long run. cheers.
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Bedrock of the Community
United States
14454 Posts |
bars can be bought for less but they will bring less money in when you sell, coins will be higher but have a numismatic value attached to it so they sell for more than just a hunk of metal when its time to sell
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Pillar of the Community
United States
1150 Posts |
One of my favorite topics!
These guys gave good advice. Go with the coins as they are FAR more liquid.
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Pillar of the Community
United States
721 Posts |
With bars or rounds, go with a trusted name like Englehard, Johnson Mathey, or Sunshine Minting, as these are/will be more recognizable. Personally, I have some of these as well as coins.
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Pillar of the Community
Canada
1733 Posts |
It depends, if I send a 1000 troy ounces in to melt, I want 1Kilo recognized bars back. If I'm spending to buy silver with new money, I want coins of some kind from the Canadian or US gov mints, because that's what I collect
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Valued Member
United States
314 Posts |
Diversity. I does not hurt to have some of both.
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Pillar of the Community
United States
3670 Posts |
I got 4 bars out of 56 oz of the silver. My thoughts, BARS SMARS  as coins are where its at, but they are better than no silver at all.... I gotta admit, I do have a soft spot in my heart for the bars in the form of currency, via Ben Franklin 100 dollar bill like I have, 12 oz of silver glory  .... Edited by Silverhawk74
04/17/2011 11:20 pm
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Pillar of the Community
United States
737 Posts |
I like the smaller bars. I only have ASE's, Maples, and Grizzlies, but I'd love to pick up a few bars. I like the variety and if you stick to the top names, they too tend to command a premium. Now that I have quite a bit of silver I'd like to branch out into the other forms as well. |
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Pillar of the Community
United States
4008 Posts |
Personally, I prefer coins because of their beauty and variety. But, rounds and bars are good too. The fakes coming into the market bother me a lot. I know that I can buy from a reputable dealer and get the genuine article but the guy I sell to at some point might not know that it is, in fact, the genuine article. Coins are readily recognized for what they are because nobody is counterfeiting 90% silver dimes, quarters, or halves. I guess that for me it is also a matter of quantity. My silver collection is small now, so coins appeal to me more. If I had a BIG collection, then some 5-10 oz. bars might be just the thing to round it out. As someone already said, though, silver bars are better than no silver at all... and by a LONG way!  |
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Pillar of the Community
Canada
3692 Posts |
Collect as much provenance as you can. The more reputable, the better. Or go with ASEs as just about anyone will buy them.
Bars to maximize holdings - bang for your buck. Go with this option if you really think the price will soar and you want a quick out. Go with whatever you fancy. I tend to go for what I think has resale value.
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Valued Member
United States
301 Posts |
I traded in bars I had purchased in the middle 90's for ASE's. I think I did okay.  I prefer the ASE for it's guarenteed purity, plus it's much prettier than bars. |
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Pillar of the Community
United States
4008 Posts |
Quote:I prefer the ASE for it's guarenteed purity, plus it's much prettier than bars. - Mach1 The proof and uncirculated ASEs are indeed gorgeous coins. They are very readily recognized for what they are, so selling them is very easy to do. I like the obverse of the ASEs so much that I chose them to start my silver collection. I also like the looks of the Maple Leaf 1-oz. silver coins but don't have any of them... yet!  |
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Bedrock of the Community
Australia
21786 Posts |
If you are not a coin collector or a numismatist, buy bars.
If you like coins, buy silver rounds.
It would be a shame to buy silver bullion coins just to get them melted down sometime in the future. Because of this, the two products have different, but overlapping markets.
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Pillar of the Community
United States
648 Posts |
Buy both and be diverse. I do, and they are all one big happy family.
Edited by tripncoins
04/23/2011 09:15 am
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Replies: 18 / Views: 3,150 |
Posted 04/17/2011 12:24 pm
