Hi stackers. I've come across a few coins that are 925 and 900 silver. Are they a good idea as bullion or are they nearly for collectors pieces. Should I stick to .999 Some examples The Austrian dinosoar coins, Paris mint coins. Some from the Middle East. Let me know what you all think....
Depending on how mich premium you pay per oz. need to keep it as low as you can for stacking purpose.
If they are at spot or very low premium go for it. If the premium is as much as a .999 round then it needs to have some numi value to out way the reduction in silver content.
If it's a bullion coin, I wouldn't bother with them, but for small numismatics like those you list it's totally irrelevant and the coins are fine. The Austrian Prehistoric Life and the Monnaie de Paris 'Clovis' coins are two of my all time favourite series.
My sentiments exactly and I have over half kilo of 925 silver. If you get lucky you can even find it below spot as many in the UK struggle to identify silver coins.
Many sterling silver coins look fantastic and are frequently proofs or proof-like. The alloy is much more forgiving as it is more resistant to scratches. As for value it is very much who is willing to pay what for a specimen, frequently depicting a historic event or person, but generally, selling prices reflect the silver content only unless there is someone out there willing to pay more for a collectable coin. Having watched hundreds of coins on eBay I prefer sticking with 999 silver but buy what you enjoy. Occasionally on eBay very nice sterling coins sell for about spot actual silver content so would appear a bargain but if selling at a future date you might experience similar to when purchasing.
Hello Crazy Hippo One avenue of making money with sterling silver is to buy and then breaking up collection box sets. In the UK, Pinches was a prolific medallion maker producing some excellent collection up to the early 70's. For example, one of their signature collections was the Kings and Queens of England 50 x 2 oz ingot sets. If you are patient you can normally pick up one of these sets for a little over spot price, then it is a simply a case of selling each one individually. Doing a quick check of recent online actions, the average sale price for each ingot is around 40-50. Thus a gross markup of > 25% is a realistic prospect. In the UK, sterling grade has historically been the benchmark for silver and thus I think we are more receptive to buying sterling silver; albeit with the all important assay mark
I had not seen those before. Thanks. I really like the style they have run with.... Simple and recreates the 'hand made' element of ancient coins.
