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Replies: 16 / Views: 3,839 |
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Pillar of the Community
United States
4008 Posts |
Haven't seen a peep out of anyone on here about APMEX's new fractional silver rounds. Anyone thinking of buying these? They aren't coins but they sure do look a lot like coins, on the front, anyway. I do like the fact that they are available in 1/10, 1/4, and 1/2 oz. sizes rather than the oddball sizes in real silver dimes, quarters, and half dollars. Thoughts?  500 posts! Yippie! LOL
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Valued Member
United States
71 Posts |
Hey, congrats on 500 posts!  As far as the fractionals go, I'll probably not go after them right away. Perhaps when silver is $100/oz. I'll pick up a few!  My dad is a big coin collector and has some really interesting stuff. I wouldn't be surprised if he dabbled in these fractionals. Admittedly, I know little about what he has, but I'm finding myself more and more interested in looking at his stuff when I'm visiting the parents. I could see myself transitioning from "investor" to "casual coin collector" in the future. Yep, I think I'm getting the sickness! 
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Pillar of the Community
United States
3670 Posts |
I have not considered anything less than a 1/2 oz. of silver yet. Like the Aussie lunar 1/2 oz. silver for example, often goes for more than a typical couple buck over spot 1 oz. silver round, lol. Crazy premiums....
But I just can't pull the trigger on that, as I am thinkin 500 to 1000 oz. of silver like you and most of the long term collectors, and fractional silver is not helping me get there any faster....
Like GearDaddy said, maybe if we get to the point where silver is over 100 an oz., then we will all be looking to those smaller pieces, and perhaps that will increase their popularity with the general overall collecting world....
Edited by Silverhawk74 05/18/2011 01:43 am
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Pillar of the Community
United States
1817 Posts |
I got an email for the fractionals, at least they are relative to the coins original sizes, I'll give them that much. Silver has to go much higher before I would even consider buying a 1/2 oz. or 1/4 oz. round. The premiums are high for such novelty items, and it's hardly an efficient way to accrue silver.
Edited by Bizybackson 05/18/2011 01:56 am
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Pillar of the Community
United States
737 Posts |
Same. If I'm going to buy fractional silver, it's going to be in the form of 90% and 40% silver legal tender.
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Pillar of the Community
United States
511 Posts |
It's a little early in the game, but these fractionals could become very popular in the future as silver prices rise.
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Valued Member
United States
172 Posts |
i got the email as well, buti don't quite understand the reason for fractionals when silver is so cheap......understandable if silver were to go in the $200-$300/oz. range, but even then id probably still just stick with 1 oz rounds......but to each there own!
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Pillar of the Community
 United States
4008 Posts |
Quote: Hey, congrats on 500 posts! Thanks, man. I was trying to beat Silverhawk to it but no luck there!  Quote: As far as the fractionals go, I'll probably not go after them right away. Perhaps when silver is $100/oz. I'll pick up a few! About the only thing I find attractive about them is that they are in traditional fractions of an oz. 90% silver coins are great and I plan to collect a good share of them but... the odd-ball sizes for their silver content doesn't do a thing for any kind of barter arrangement. I mean... 0.18 oz. in a silver quarter or 0.36 oz. in a silver 1/2 dollar? What were those guy thinking?  Quote: I could see myself transitioning from "investor" to "casual coin collector" in the future. Yep, I think I'm getting the sickness! Oh, yeah... all the classic signs are there, alright. 
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Pillar of the Community
 United States
4008 Posts |
Quote: I have not considered anything less than a 1/2 oz. of silver yet. Other than some 90% silver US coins, I haven't either. I just thought that it was interesting that APMEX chose to come out with these at this time. They've probably been planning this for a while, so the recent silver price pull-back was not likely known when they started with this. I kind of like the idea of their silver amounts being equal to the gold in the AGE coins, though. That is a lot easier to use for trade purposes than the 90% coin silver content. I dunno, though. Maybe in a barter situation, people will just use some multiplication of face value and call it good. Obviously, something would have to be done about the ASEs, since they contain 1 oz. of silver and not the 0.77 oz. in a silver dollar. The use of the coin images on the obverse side is also interesting. Didn't a fellow just get sent to jail for making and selling his own "Liberty dollars"? The reason being that they looked too much like US coins (to the non-collecting world, perhaps). These look a LOT like US coins, even if the reverse is different.
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Pillar of the Community
 United States
4008 Posts |
Quote: Silver has to go much higher before I would even consider buying a 1/2 oz. or 1/4 oz. round. The premiums are high for such novelty items, and it's hardly an efficient way to accrue silver. Quote: Same. If I'm going to buy fractional silver, it's going to be in the form of 90% and 40% silver legal tender. Quote: It's a little early in the game, but these fractionals could become very popular in the future as silver prices rise. Quote: i got the email as well, buti don't quite understand the reason for fractionals when silver is so cheap......understandable if silver were to go in the $200-$300/oz. range, but even then id probably still just stick with 1 oz rounds......but to each there own! Good points, all, guys. I agree that there is not a huge need for these at this time because of silver prices being reasonable. Also agree that the premium on these is likely to be higher than any of us would want to pay. I did check the APMEX web site for prices and they show the 1/2 oz. rounds right at $20 each. Not bad considering that ASEs are $41 each. I understand that ASEs are legal tender and these rounds are not but at least the bullion price is not that far out of line. It could be for the smaller fractions but I did not check on them.
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Rest in Peace
United States
9104 Posts |
Cute for little prizes or jewelry, but killer premiums for investment, which you're not likely to recover.
With no disrespect to anyone intended, if you are running so close to broke that you can't afford an ounce of silver, perhaps you should re-examine whether you should be investing or maintaining your car instead.
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Rest in Peace
United States
9104 Posts |
Quote: I mean... 0.18 oz. in a silver quarter or 0.36 oz. in a silver 1/2 dollar? What were those guy thinking?
They were thinking with a $1.38 an ounce silver price, they could either make coins with usable face values, or a 69¢ piece.
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Pillar of the Community
 United States
4008 Posts |
Quote: With no disrespect to anyone intended, if you are running so close to broke that you can't afford an ounce of silver, perhaps you should re-examine whether you should be investing or maintaining your car instead. - BiggFredd Huh? This is not about price. It is about whether or not rounds of less than 1 oz. silver weight are desirable in and of themselves. My small silver collection contains a number of Roosevelt and Mercury dimes and Kennedy 1/2 dollars. I did not buy them because I could not afford an equal number of ASEs. I bought them for use as a convenient size in barter situations for small value purchases. I do, however, appreciate the common silver weights used in these fractional silver rounds. I'm not planning to buy any of these fractional rounds but was curious as to what others thought of them. Quote: They were thinking with a $1.38 an ounce silver price, they could either make coins with usable face values, or a 69¢ piece. A 69¢ piece would be pretty cool, actually... something in a coin that is akin to a $3 bill. 
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Rest in Peace
United States
9104 Posts |
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Pillar of the Community
United States
3670 Posts |
Early bird (or hawk) Ed B gets the worm (or silver round in this case) they say....
You almost beat me to 500, but you gotta get to typing pretty early in the morning to keep up with this typing loud mouth, lol....
To steal one from one of our armed forces adds....I type more BS before nine in the morning, than most do all day....
Edited by Silverhawk74 05/22/2011 03:37 am
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Pillar of the Community
 United States
4008 Posts |
Quote: I type more BS before nine in the morning, than most do all day.... Yeah, I knew that the competition would be fierce... and I have been accused of having "digital diarrhea" before! 
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Replies: 16 / Views: 3,839 |