Silver Stackers buy coins not bars!
Buy silver coins not bars.
I know what premium is but I am having trouble understanding why the premium of bars doesn’t go up as fast as coins? Why do premiums go up at all independently of spot?
I’m with you on this one Mr. D. I have made the same assessment regarding the Lunar series and the Somali Elephant coins. However, I do believe in diversifying my stack with rounds and bars for liquidating purposes. The is the key word "Liquidating". Its easy to buy anything its the liquidation process that’s a pain. I determined that rounds and bars are easily liquidated through my local coin shops. In the case, that I need to liquidated quickly and have minimal loss if any. However, with premium coins/rounds that’s difficult to do locally and eBay has been the best way to do so (historically) and still either make the money or the premium back quiet easily. The bottom line, there’s a "demand" for the Lunars and Elephants. And people will pay the additional premium to get their nasty little paws on them.
Very interesting subject that I want to address but this post is over a year old so I decided to do a video of my own to cover all these different options with their pros and cons. Thanks for making a vid on this topic. subbed you
den give me yo barz nigga
I completely agree, that’s why I buy only coins and rounds, nice video though and thanks for sharing!
Very nice work, stacking is rewarding and fun. Liked…..
I completely agree with you, this is a mistake I made I am in the process of selling bars for coins
I am new to buying silver why pay double spot for rounds seems better to buy eagles closer to spot
Thanks for the imput seems most suggest the lunar, but last question where is best place to buy, I am mostly investing not quick flip
When the dollar crashes it will not matter if the silver is in coin or bar shape because it will be the silver bullion that matter and how much of that bullion you currently own that will determine your true wealth. Get your hands on as much silver bullion that you can regardless of what’s stamped on it or its shape. If buying bars/rounds means that you can purchase 10 more ounce of silver due to the savings, then sick with bars/rounds because the more the better when it comes to silver.
great points. thank you
If you’re buying Silver to make money, then you’re missing the point. Wealth or purchasing power preservation is the point, not short-term currency gains.
The one that is brainwashed is the majority of the people who do not think. Silver is SILVER regardless of what they are shaped and looked like. We are brainwashed to think that image matter when in reality its silver. I would rather have a bar than a coin because you get more than the coin. Silver prices might double in price who knows it might also go down. Its all a manupilated world. they are pushing for a one world government a new world order. People need to wake up that we need to turn to Yahuah and his true son Yahushua the messaih. God is the one and only true way the gate to knowledge. Without him we are completely empty. Tuirn to YHWH before its too late. He is my armour and my strength . Let the kingdom of God reign upon this earth. Shalom
Time changes everything. Depending on the bar(s) you purchase, they may very well increase MORE than your coins, so don’t jump to conclusions and don’t talk in generalities.
Or, you buy more bars for the same money you spent on a lesser weight of rounds. You have no way of telling what the premium will be in the future. Telling someone what to stack is like trying to tell them what kind of girl to marry. LOL
What’s your time frame for selling? If very near, sure, buy the Lunar stuff. If long term (10+ years), I’d stick with low premium bars. No telling whether anybody will want a Lunar Mouse in 15 years. You might get spot for them.
Bullion bars give you the best bang for your dollars, if you’re saving money. They are very liquid and most coin shops will pay you $1.00 under spot for them. If you’re chasing yield, then buy high premium coins and keep playing that low mintage/premium game. Most dealers don’t care about high premium and low mintage coins. Just be sure to sell them on Ebay to get your money and your premium back, otherwise if you need the money for some unexpected reason, you will sell at a lost especially if the price drops. And be prepared to wait on Ebay. Because you’ll need a buyer who thinks your coins are worth the premium you’re asking for. And dont forget to factor in Ebay and PayPal’s 13% in fees. Think people. Think.
"All these bars" with just a bummed sound in your voice. Cracked me up. You’re also looking at Ebay prices for what that coin goes for. A coin at $6 over spot is $60 extra on 10 oz compared to nothing for a bar. It’s hard to sell coins on Ebay for full price like bullion companies with tons of ratings. A coin shop will give you usually $2 under spot plus like a buck or two for the coin. So all and all they’re around the same. A dull block getting a little less than a pretty, shiny mint. I agree the coins are the way to go, just for the simple fact they are fractioned out. But steer clear of seeing what they go for on Ebay and thinking you can get that. Don’t forget packaging it, shipping it and paying Ebay fees. It’s easy to get tied up that.
You seem to be investing in gold and silver for mainly profit. You’re missing the biggest point of buying gold and silver. Its mainly to combat inflation and a weak dollar. As a profit investment it works, but not really well unless there is a huge jump. Silver is silver and it doesnt matter too much which you stock. I choose bars because they have a smaller premium. If you do like collecting a bit, then coins would be nice to look at. You’ll have no problem selling bars to a shop or major distributor, gold/silver is gold/silver. Stick to 1 oz coins and 5-10 oz bars for both.
Take 10 oz off coins and 10 oz of a silver bar to a silver buyer and ask him which he would rather buy he is gonna turn down the coins and buy the bullion because he can not scrap the coins he will make more money fast with the bullion and it takes to long to try to sell the coins one by one i agree with you on yea the premium will go up and if sliver rises the price will increase also but coins are just so hard to flip if you buy so many of them like that it could take months or even years to sell 100 oz of elephants i can sell 100oz of bullion in 10 seconds if i go to my local silver buyer…. nice collection bro! check out mine and subscribe…i subbed to you!
After learning about silver and the fiat currency I stated looking for junk coins and found other precious metals as well, like copper. Should I diversify my collection?
You can’t compare the Somalian Elephants of years gone by to those minted in the last few years. The mintages of the earlier ones were tiny which is why they sell for such a big premium today, the mintage figures of a 2015 Nellie is huge by comparison. They will still go up in price but nothing like as much as the older ones.
You just keep buying coins and I’ll keep buying bars because I can buy two to your one.
©2011-2017 Paul Maritz | Powered by WordPress with Easel | Subscribe: RSS | Back to Top ↑