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 Replies: 8 / Views: 1,137 |
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Pillar of the Community
United States
1817 Posts |
I know that most of you have rolls and rolls of recent ASEs, but I haven't been able to justify the $4.00 or more premium over spot charged per coin lately. I've switched over the 5-coin silver proof set now that silver is moving again. The sets contain a little over 9/10th oz of silver, so I always figure the current cost is spot minus 10%. The ATB sets are perfect for this endeavor since I can see the edges of the quarters without opening the case. In the last week, picked up 3-2010s and 3-2011s sets averaging around $35-$36. I think this a good way to hoard silver, although nothing beats the ASE in an air-tite space-wise. |
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Pillar of the Community
United States
1081 Posts |
To me, the small premium doesn't matter too much as when you sell, you get the benefit of the premium, so in reality, it doesn't really matter. IF you buy 90% junk silver, there's almost not premium, but when you sell, you get almost no premium.
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Pillar of the Community
United States
3670 Posts |
I agree David 100%, with the premium theory above, and have stressed that often.... Buying 90% just helps when you can't afford the ASE for example, but can the other IMO... I am sticking s a strict plan of adding .9999 silver until I get to 100 oz. then I will start adding some 90% coins.... Edited by Silverhawk74
07/26/2011 9:00 pm
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Pillar of the Community
United States
667 Posts |
I have been lucky buying a few AE's at spot from a private seller. Though I don't worry much about the premiums either.
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Pillar of the Community
United States
2120 Posts |
Hawk, thats almost the same thing I did. Got to 100 ounces and went to more pratical purchases.
The thing I just couldn't get over though, If the economy implodes (doubtful) who would pay anything over what that ounce is worth purchasing power wise?
I was already at my goal for pure silver when I thought of this, so it really didnt matter much to me. I like getting 90% and small premium rounds. Like the Libertads I get at $1.85 over spot.
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Pillar of the Community
United States
2130 Posts |
I always thought that the premium on ASE's was a little much. I went to a moving sale this past weekend and saw that the gentleman had hard cover copies of the Red Book 2002-2007. I picked up the books and asked where the coins were that went with these  . To my surprise the gentleman said he would be right back. A few minutes later he came back w/ a plastic container w/ separate compartments. He let me look through it. 7 ASE's & 2 LWH (1918 & 1920s). He let me by the ASE"s for $40 each & threw in the LWH for $5 each. |
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Pillar of the Community
United States
619 Posts |
There's nothing wrong with ASEs, but I really like finding silver below spot. It's a lot more fun than shelling out a premium like everyone else.
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Valued Member
United States
487 Posts |
I have picked up a lot of silver world coins at or below spot, with various fineness's. But I'm having a change of heart of whether I should be collecting these at all. I'm just wondering, when time comes to sell how easy will these be to sell. Maybe I should be sticking to the premium rounds with their higher buying price. Paying that premium ain't so bad if you can get it back when comes time to sell.  One case in point I have traded a person on a bullion website about $469 in silver Canadian coins for 11 rounds consisting of 5-1 oz. Kookaburras, 1-2 oz. Kookaburra, 3-1 oz. Koalas, 1-1 oz. Lunar Ox round. I went with the Perth Mint rounds due to the high premiums they incur on ebay. |
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Pillar of the Community
United States
4008 Posts |
I don't see the ASE vs. 90% coins as an either / or case. One CAN collect both of these and many of us on here do just that. For me, the ASEs are gorgeous works of art that I enjoy collecting and viewing. The 90% coins, all XF or better, are also nice looking but could be used to make small purchases during bad times or used to make change. Both have their uses.  |
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Replies: 8 / Views: 1,137 |
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Posted 07/26/2011 8:58 pm
