Silver coins buy back Values?

Discussion in 'Silver Coins' started by Rasta, Jan 3, 2013.

  1. Rasta

    Rasta New Member

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    Thanks in advance for your responses..

    My question is...

    If i pay $36 for kooka's and $33 for maples, when I want to sell back to a dealer will they pay $x below spot for both coins or will the individual coins carry different values?

    I have seen buffalos cheaper..
    I am looking at a long term investment, maybe as a fall back when paper currency goes up in smoke.
    To my limited knowledge, for my senario, 1oz of silver is worth that of another oz of silver.
    Is the doomsday buying of pre 1964's a safe bet either way? do they still have resale value if there is no global crash and i'm not buy my slave's with pieces of silver:D
     
  2. volrathy

    volrathy Active Member

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    :: If your just after silver I would buy the $33 maples

    :: If you are saving for when the SHTF and money is worthless and people are only batering for goods and services
    = 1966 50s and a mixture of fractional silver (1/10th oz 1/2 oz 1/4 oz) and some 1 oz coins is where I would look.

    :: If you want long term investment buy the cheapest 10 oz + bars you can get
     
  3. Rasta

    Rasta New Member

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    I am tempted to buy the silver eagles to speed up the crash...
    But my hip pocket says get more oz for my dollar.

    What are imo bullets?

    Tah muchly..
     
  4. volrathy

    volrathy Active Member

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  5. goldpelican

    goldpelican Administrator Staff Member

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    volrathy, please don't promote hoarding of ammunition on this forum, unless you want me being quizzed for your details by interested authorities.
     
  6. volrathy

    volrathy Active Member

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    fair enough i dont own any guns ive never touched a gun if the doomsday scenarios really did occur im will be screwed really

    simply pointing out in a roundabout sort of way that stacking silver as a "fall back when paper currency goes up in smoke" isnt necessarily good.
     
  7. goldpelican

    goldpelican Administrator Staff Member

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    Well it could work - price of 5.56 ammunition has more than doubled in the US in the last month - but in Australia you would be considered a terrorist for hoarding ammo.

    There's been precedents for administrators of Australian websites to be requested to hand over data on users who discuss firearms and post content that could be construed as inappropriate or condoning illegal actions regarding firearms. Would rather not be out in that situation thanks.
     
  8. volrathy

    volrathy Active Member

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    is it illegal to hoard ammo ?
     
  9. Dustin

    Dustin New Member

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    Post deleted.
     
  10. bloomst

    bloomst Well-Known Member Silver Stacker

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    +1 on volrathy advice....just on the silver side :D
     
  11. goldpelican

    goldpelican Administrator Staff Member

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    Guys - take a hint - no firearms chatter on this forum. EOD.
     
  12. bloomst

    bloomst Well-Known Member Silver Stacker

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    End of discussion.
     
  13. Rasta

    Rasta New Member

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    imo bullets???

    please don't respond if you want to talk guns :->
    goldpelican that was your fault..
     
  14. knowles3

    knowles3 Member

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    depends on what kind of scenario you think is going to happen, i have the base of my collection in maples and 10oz bars, and a little bit of junk

    if you feel were going to have a mad max senario where well need to barter silver coins for goods , then youre going to want more of your stack in junk, i dont see it comming but some do

    with kooks : they cost a little more, but they have smaller mintages, more beautiful and changing art from year to year apposed to maples which only the date changes

    i would say buy a bit of each, do some more research on kooks, and if you see a doomsday senario buy a bunch of junk and 1oz coins, and dont be in any rush to buy, try to spread out your purchases

    as for selling back to a dealer i have no idea, i havent sold any of my main stack yet.. someone else may be able to shed some light on that for you..

    and eveyones got different strategies for pm collecting, so kinda listen to eveyone then take the parts you think will work for you and do it..

     
  15. Photonaware

    Photonaware Active Member

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    If you check out prices from bullion coin sellers on the web you will find your answer if they quote buy back prices.
    Generally the premiums on non-numi coins are paid on purchase and lost on the sale so stick to the best deal on cheaper Maples etc.
    Selling nice Kooks etc works selling to the public but not to dealers.
     
  16. iceblue

    iceblue Well-Known Member

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    To answer your question, Most dealers will pay spot, some less, some more if you have something very special or rare, but in general it wont matter what picture is on the coin/round. Spot.
    Obviously you would sell all your Good stuff here at silverstackers so you can get a decent price, and send the scraps to the dealer!
     
  17. Rasta

    Rasta New Member

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    Thanks folks.
    That pretty much gives me what i needed.
     

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