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Message
Anyone invest in silver?
Posted on 9/23/15 at 2:53 pm
Posted on 9/23/15 at 2:53 pm
Looking to invest in rounds. Anyone have any opinions about rounds vs Eagles?
7
Posted on 9/23/15 at 7:49 pm to rouxgaroux
quote:
Eagles
Go with these. Also look into Peace dollards, Morgans.
I also collect Mercury dimes, pre-1965 quarters and other silver coinage.
If you ever have to sell, do you think someone would rather buy your rounds or act US Mint coins?
BTW, I collect coins more for the numismatic part of it.
I doubt you can make a lot of money investing in coins. Some people do but they are usually coin dealers and brokers.
Posted on 9/23/15 at 8:36 pm to rouxgaroux
no rounds. some bars. mostly eagles and junk silver.
Posted on 9/23/15 at 9:17 pm to rouxgaroux
90% pre-1965 US Coinage
All the upside of rounds, easily divisible amongst heirs, nice gifts as well.
All the upside of rounds, easily divisible amongst heirs, nice gifts as well.
Posted on 9/24/15 at 7:36 am to soccerfüt
Eagles and other recognizable piece of silver presumably wouldn't require assay. That's the theory.
I buy generic rounds because I have an sell back agreement, consequently not concerned with added cost of assay. Now that could change if silver prices increased significantly. At that point one would need to assume eagles etc would require assay as well.
With respect to generic rounds and bars, this should be a function of both a recognizable mint, a trustworthy and reputable dealer, your relationship with them and the buy back agreement.
I think industrial demand and fundamentals makes silver a decent investment. Having said that, although there is some truth to stacking (buy and hold if you will), and many agree a certain percentage of one's portfolio should be in precious metals if one is truly balanced, I wouldn't be afraid to sell a percentage of your holdings at a higher level than you purchased it for.
Or you could just have everything is equities and talk about how you're balanced I guess.
Laffy.
I buy generic rounds because I have an sell back agreement, consequently not concerned with added cost of assay. Now that could change if silver prices increased significantly. At that point one would need to assume eagles etc would require assay as well.
With respect to generic rounds and bars, this should be a function of both a recognizable mint, a trustworthy and reputable dealer, your relationship with them and the buy back agreement.
I think industrial demand and fundamentals makes silver a decent investment. Having said that, although there is some truth to stacking (buy and hold if you will), and many agree a certain percentage of one's portfolio should be in precious metals if one is truly balanced, I wouldn't be afraid to sell a percentage of your holdings at a higher level than you purchased it for.
Or you could just have everything is equities and talk about how you're balanced I guess.
Laffy.
This post was edited on 9/24/15 at 7:38 am
Posted on 9/24/15 at 10:00 am to Iowa Golfer
I was a coin collector first. I have third-party inspected collector coins (NGC, ANACS, etc.) which would require a bit of subjectivity in valuation. I've already annotated who gets what of those. The bulk US silver coinage I have has little to no numismatic value, it can be split as to face value. There's a premium attached to US Mint-issued Rounds and third-party bars have to be assayed, with my collector heritage history I'm offended by alternate course of action.
Posted on 9/24/15 at 12:02 pm to rouxgaroux
My choice is usually 10oz bars, usually the lowest premium both over/under spot in my experience.
Posted on 10/20/15 at 8:54 am to rouxgaroux
I met a local dealer yesterday and I've been thinking of buying some silver. Anyone have any advice or recommend some resources for research?
Posted on 10/20/15 at 11:12 am to slacker130
I use SilverTowne
Posted on 10/20/15 at 2:17 pm to Broke
I 2nd SilverTowne. I also frequent my local coin shop here in Lafayette, Coin and Treasure.
Posted on 10/20/15 at 4:08 pm to rouxgaroux
I bought some silver Eagles (60 qty) a month or so when they were "cheap" just because. Also had a credit on eBay from selling my old iPhone, so I was able to buy even cheaper - average price after discounts was just under $18 for 2015 uncirculated bullion. I used apmex on eBay.
Posted on 10/20/15 at 4:17 pm to TigerDeBaiter
i have lost my shirt on silver. But now is probably a good time to buy
Posted on 10/20/15 at 7:03 pm to slacker130
quote:
I met a local dealer yesterday and I've been thinking of buying some silver. Anyone have any advice or recommend some resources for research?
Try Kitco message boards. You will find good info but you have to ignore some of the 'conspiracy' nuts on there.
Get you one of those Redbooks at somewhere like Books-A-Million. It will give you a lot of good general info on different coins.
Watch out for counterfiets and fakes. The methods are getting better & better at passing fakes and counterfeits.
Buy from reputable websites and if you use a local dealer(s), go with those that are well established. I use Gainesville coins and JMbullion too
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