Hi all, would like to get your thoughts on the buying/selling/spread experiences of 1oz American Silver Eagles/Perth Mint Kangaroos/Britannias and the like vs more generic 1oz .999-grade 'rounds' coins When I first started stacking at the beginning of this year I bought a few tubes of ASEs at a hefty 30% over the spot-price at the time of US$14 per oz... soon after I started loading up on NZ Mint Silver Fern .999 rounds at just 5-8% over spot price at the time and I kept buying these with a couple of bars on a regular basis until July. The calculations I have done for buying/future selling/spread always comes out in favour of the more generic rounds - am I missing something here? I will be looking at placing a decent-sized order for more coins to get my stack a 60/40 split of coins to bars, and I'm tempted to add Perth Mint Kangaroos next time, but i can't seem to ignore the fact I can get generic .999 grade rounds like the NZ Silver Fern or the NZ Mint Taku Turtle Niue for a few $ less per coin... Also, on the effigys on the back of coins, why do they have values showing AU$1 or NZ$2 etc when the real values of each coin are so much more than that? Thanks
Nice coins! I haven't bought any New Zealand Mint Taku Turtle Niues yet, but I am considering a couple of tubes of them on my next order...
direct from New Zealand Mint like others, I've found their service to be the best out of a few dealers I've used so far - they have been excellent but physical premiums right now... Ouch! Oh Lordy
Thanks the NZ Silver Ferns don't have an effigy/face value, but I bought at 5-8% over spot price so if I can sell them one day at, say, 10% under spot price at the worst, that represents a better spread compared to my American Silver Eagles when purchased at 30% over spot and selling at between spot price and 5% above spot? if that makes sense(?)
That's my thinking too is it a case of .999 grade Silver is .999 Silver at the end of the day, regardless of whether it's an ASE, Britannia or a more generic round like an NZ Silver Fern?
G'day, I'm just a new mug punter in PMs, so take what I say with a grain of salt. I contacted the treasury & RAM (6 weeks ago) regarding face value gold & silver coins qualifying my questions with "I comprehend gold & silver prices fluctuate constantly, as does the AUD". So why is that there is enormous disparity between the face value & cost? Of course they would not give a straight answer replying with nonsense such as, "policy, tradition etc". It is obvious that they do not want gold & silver coins used as money. They would rather have us use polymer Tinkerbell bank notes. Bank notes are not money. The only thing that is money is "coins of gold , silver or less precious metals". I think you really need to establish in your own mind why you are stacking. Have somebody ask you, "why do you stack"? then answer the question. Is it a hedge, forced savings or prepping for SHTF scenario. for hedging & saving I think kilo & 10 oz bars is the best way to go. if it's SHTF, then I reckon recognisable cheap sovereign government coins are the go. My personal story is that I bought 9 x 1 kg bars at a comparatively good price. with SHTF scenario in mind I began to trade those down to cheaper coins & gold. By keeping on eye out, I was able to convert lower premium coins into ASEs. I still had to tip some fiat into that exercise for the conversion, but I consider the higher ASE returns & liquidity was worth it. Good luck& keep stacking.