I've been curious for a while and a recent thread on here made me think it might generation a bit of discussion. If silver is silver and people want to buy it as close to spot as possible - why do people here recommend bars and not pre decimal. It is quite often available below spot, is very recognizable, easy to store (well as easy as 1966 50s - particularly the pre 45 stuff) and there is lots of variety. You can get grubby old stuff, clean, cleaned, foreign, domestic etc etc. It reacts to silver spot changes much the same way as bars and has the potential of greater increase in future if the "discount to spot" reduces over time. malachii
never been interested in pre decimal..dont know why, to me its kinda like buying black and gold branded products.
Well I still buy it when I can, my thinking is just like fractional gold is very liquid in todays market because not everyone can afford to buy a 1oz gold coin. When silver is say $1000 oz your tiny little post threepence will have about $22 worth of silver in it. So it will come in very handy for small purchases or when selling to people who are only just waking up to what has been going on in the monetary system and not cashed up to buy pure coins or bars. I think everyone should have a little bit of predecimal coins in there stack but thats just my opinion. SS77
Im not sure but it stinks . Handle even some new loose change for a few minutes then smell your hands
I mentioned in another thread that most people dont/wont know that it has silver content & will probably give you face value for it including the much loved 66 50c in a pinch
My take is when silver is at the $1000 mark, the monetary system will be tanking and gold and silver will be in their mania stage. So just like the real estate market at its peak in say 2005, there will be programs on shows like today tonight, 60 minutes, radio shows, paper articles you name it. People will know they have been scammed buy our banks and government and will be buying silver in whatever form they can get it. Predecimal coins are the closest thing to real money Australia has ever had and people will want it back. SS77
Shhhhhh.. if everyone stacked the antique numismatics then the price would spike and they would not long be available near spot... I mean its not like they can just REMINT them whenever demand calls.. Im mad greedy on sterling antique coins but it does require you to upskill your knowledge unless your strictly in it for the ASW 1for1
I used to think this but I'm surprised how many people who are not PM type people tell me that the 1966 50s and the pre dec have silver in them. They don't necessarily now exactly how much but they are aware of it. malachii
I like pre-decimal coins. Had to sell my one and only kilo of it a while ago Florins are my favourite, would like to find plastic tubes to store them in, similar to the tubes that were available on here for '66 50c. At the moment the only pre-dec i have are a couple of ms63 1937 crowns.
Well - I was going to put up some links from the for sale section but they are all cleared after a month or so. If you hang around a bit you'll see some come up for sale usually between 10% below spot and spot particlulary the 50% stuff. malachii
Silver isn't silver... Some types of silver are in greater demand and shorter supply than other types of silver.
Someone say pre-dec silver below spot? 1927 Proof Parliament House Florin Source: http://www.coinworks.com.au/rare-coins-offer.html $65000
