I am new to the "Silver/Gold" world as far as investing. I am wanting to invest in silver/gold for my daughter instead of opening up a savings account, CD, ect.... What is the best coin, bar to invest in? And what do I need to look for when buying? Are there any sites that are better to buy from? And is it important to have the coins certified or not for future value? THANKS!!
bakerje02 You could read this sticky thread. http://forums.silverstackers.com/topic-880-guide-to-buying-silver-in-australia-resurrected.html
Among other things, knowing what's better to buy depends on where you live and your expectations of your daughter's level of interest when she gets older. .
This. And to help things along, be sure to pick up some nice "pretty" ones along the way, which are out there.. 2014 Perth Lunar Horse, and even the 2014 Kook, come to mind, for mild examples. I've seen some that get a lot more "girly" than those, too. Then again, she might also dig some sort of swirly poured bar. As for certified coins, wouldn't hurt to get a few, if that's what you're interested in. Definitely helps to diversify your stack/collection.
Coins - 1927 Parliament Florins, 1937 Crowns, 51 and 54 post commemorative florins, Morgan Dollars, Walking Eagle Half Dollar, Chinese Silver Candareens, India Silver Antique Rupee, Hong Kong Antique Silver, Straits Settlements Antique Silver, Malaya Antique Silver, All south american Antique Silver, Russia Antique Silver, Pre 1903 Japan Antique Silver, Korean Silver everything!!. Mongolia Antique Silver
silver coins as cheap as you can get and unallocated silver bullion from one of the big dealers. I go through ABC bullion in Sydney. It means you are not storing in your house and you have the ability to sell quickly.
Yes, with caution - and not all your silver, only the part you want to play with rather than long term store (ie diversify house/safe/shares/allocated cert) Part of the strategy is to protect it so i recommend the most compact silver possible (if you are interested in a purely silver exposure) as it wont be long before you have silver coming out your eyeballs 1for1
I got my 16 year old daughter a 2oz proof "Freedom Girl" for Christmas. She was very intrigued by it. She knows I buy silver coins but, of course, is not sure why. But she seems to really like it.
Gold and silver coins and bullion, a smart and cost effective alternative to buying gold and silver jewellery for the women in your life
Answer depends a bit on what country you live in, your budget, and ability to store the quantities dictated by your budget.
Go for pure gold and silver bullion, forget about numismatic coins. Whenever possible, buy bars that have certificates.
Why do you say this? Bars, coins & rounds can be faked. PCGS/NGC slabs can be faked. But COA's can't?? For bullion, you're relying too much on spot for the future value of your pieces once purchased. Yeah, for (semi-) numismatic you're paying more upfront. And there's no guarantee that the value will hold up, or potentially appreciate as much had you instead purchased bullion prior to any ramping up in spot price. But it might be a good idea for the OP to diversify across different sub-groups. Different forms, different weights, different ages, across the spectrum of premiums.. from generic rounds to govt-issued bullion to "branded" bars to old slabbed coins, etc. Plus, not only might it help protect against any declines in spot (while helping to catch any rises), but also just keeps things fresh, fun & interesting. OP: You'll find that there will be as many different answers out there as there are stackers/collectors. There's no one right way to do things, per se. Depends a lot on your personal tastes, budget, location, philosophy, etc. And it's a pretty big universe out there to choose from, growing larger every week/month/year.
Buy coins or bars that sell well in your country and the rest of the world. Try not to buy lots and lots of different bars or coins. Perhaps try to become an expert of a particular type of coin so that you know what is fake or real at a glance. For example, some folk, just buy Maples, ASE, Perth lunar, Kookaburra or Koala coins.
Personally I love the 1966 round 50c pieces - your daughter will be blown away when you tell her how much they are worth! * They look and feel great * Can be had at low premium (10-20%) and at small volumes * High recognition (at least within Australia) * Never heard of them being faked * 80% silver, so tougher than sterling or 999 If you are diligent about buying a few whenever you can afford, you will end up with an awesome treasure chest of pirate silver! IMO it's the best way to save small amounts in bullion - don't like having to pay 50-100% premium on semi numis!
I've found round fifties and 10 ozs to be the most liquid for Ag. Interesting I've been thinking about getting a freedom girl coin for the 15 y.o. daughter, I'll have to get her one now, this could be an untapped market
