| Author |
 Replies: 14 / Views: 948 |
|
|
Valued Member
United States
487 Posts |
I know that some here on the PM thread, like to invest their PM dollars in US and Canada as well as other countries silver bullion due to the higher premiums received at sale time. While my silver holdings have become top heavy with foreign junk silver. I have come around to that way of thinking. I have traded some $400 plus in Canadian "junk" silver (I bought the Canadians a long time ago and incurred quite a windfall) for 11 ounces of Australian Kooks, Koalas and Lunar series 1 bullion. Traded some Mexican Junk silver for some 2011 Canadian wildlife series grizzlies. I have been very fortunate in what I have yielded in my trades. My question is, is there some countries bullion people here collect over other countries and if so what reason would one do that for? Trying to get the most out of my depleting "junk" silver holdings.
|
|
|
|
Pillar of the Community
United States
1150 Posts |
Personally, the only 1 ounce bullion coins I have are silver eagles. Last year I sold all of my foreign junk silver and bought the corresponding amount of US junk silver. I have rolls of silver eagles, however, I've prepared for the eventuality of skyrocketing silver and have therefore invested heavily in pre '64 junk silver as it is more easily dolled out in smaller increments.
|
|
Valued Member
 United States
487 Posts |
Mitch, Did you find it hard to find a buyer for your foreign junk silver? May I ask in what fashion was the sales (i.e. ebay, local coin dealer,CCf, or other.). Just wondering if there is a sales avenue I have missed. |
|
Pillar of the Community
United States
667 Posts |
Call me crazy but I like the Silver Maple. The Silver Maple is a $5 face value and the ASE is a $1.00 face value. Now the silver value is the same. But lets say silver does something crazy like Joe keeps telling us and it falls to something like $2.00 an oz. The Silver Maple would still be worth $5 provided the currency is any good. Like I said it is crazy but what the heck. |
|
Valued Member
United States
487 Posts |
mkfam,
Your point is valid. If the world falls down tomorrow, it might get that bad. And if it does, will there be any body willing to pay a premium for a particular silver bullion round or would any generic round due when one needs to buy a tank full of gas or food stuff. I never thought of thinking in these terms till now. Where is Ronald Reagan when you need him, least he made you feel good about being an American.
|
|
Pillar of the Community
United States
3184 Posts |
|
|
Pillar of the Community
United States
4008 Posts |
Speaking of silver Maples... I was on an Aussie PM site the other day and there was a thread there about "white blotches" appearing on some of these coins but not on other kinds of silver coins in the same location. I kind of like the looks of the silver Maples but am wondering what, if anything, these white blotches are. Anyone heard of this? If so, what can be done to correct it?
|
|
Rest in Peace
United States
9104 Posts |
Quote:
The Silver Maple would still be worth $5 provided the currency is any good. Canada refused to take their Olympic $5 and $10 coins when spot fell below face. |
|
Rest in Peace
United States
9104 Posts |
Ed-
splotches happen often in proof and 999 content silver. just another form of tarnish.
|
|
Valued Member
Canada
442 Posts |
^
I remember those times when people were trying to unload them. Remember going by a garage sale when I was a kid and this guy had ALOT of these for under face and no takers.
My dad passed on them since he already had the whole set. Boy, if I can just find a Delorean with a working flux capacitor!
|
|
Rest in Peace
United States
9104 Posts |
OP-
I would say silver coins are popular in the following order
US
Canada
Old Mexico
Oz
UK and territories
Germany
France
Yurrup
Asia
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
splotches happen often in proof and 999 content silver. just another form of tarnish. - BiggFredd It still seems odd that only the silver Maples had this problem while other silver coins stored in the same location did not. I guess my question was, "Is there something inherent in the manufacture of these specific coins that leads to this problem?". I have never heard of ASEs having this problem. Toning, yes, white blotches, no. |
|
Valued Member
United States
117 Posts |
"I would say silver coins are popular in the following order
US
Canada
Old Mexico
Oz
UK and territories
Germany
France
Yurrup
Asia"
What? No Australia? I love their silver bullion rounds, so many different kinds, and all beautiful. And what's Yurrup, Europe?
|
|
Pillar of the Community
United States
667 Posts |
Look up MILK SPOTS ON SILVER COINS. Milk spots can be found on nay silver coins and are the result of chemicals used in the manufacturing of the planchet prior to striking. ASE's will get them too though the Maples in the past had their fair share of problems. |
|
Pillar of the Community
United States
619 Posts |
Quote:
What? No Australia? I love their silver bullion rounds, so many different kinds, and all beautiful. Oz is a nickname for Australia... |
| |
Replies: 14 / Views: 948 |
|
Posted 08/07/2011 11:36 am
