There is not alot of love given to them because coin collectors are only looking to build year sets of high quality coins and PM stackers will generally prefer something more dense and easy to handle. The coins have some intrinsic value beside their admittedly small silver value, though at the moment there are too many coins about. They are far more bulky than bars but have obvious advantages over keeping 10oz bars or 1oz coins. I suspect many longterm stackers don't talk about them much because they've already got their portion of them stashed in a cellar or garden somewhere.
I have 20 kilos of the stuff, takes up twice as much space as it should. There is no bonus for having the copper, even if copper prices go up. Refiners do not want it or insist on paying far less than spot as they have expenses incurred for processing the stuff It is dirty, not shiney and sexy On the plus side Not faked (except the overdates and of course the ones which were faked at the time, which are worth more than the silver value anyway) easily recognisable Government stamp to prove they are genuine. Low cost compared to other forms of silver Liquid They appeal to those you are getting into silver (more bang for your buck, readily available, no need to study much) and those who think the world is going to hell and there will be a requirement for small silver money. And that is the main problem, the only people you can sell to are Noobs and SHTFers, best to avoid! Only kidding! any of you Noobs or SHTFers need some post 46?
because its only 50%, have the effergy of QE11 or George VI, neither of which are particularly interesting, esp the Australian George VI is soo boring, no crown, no cape, no particular details. Even the key dates are quite boring IMO... The space issue and fact you get less when you sell make them pretty average.. but as a numismaticist still hold far my interest than the decimal 50c silver 80%.... The exception are the sheepy shillings with the RAM obverse.. these are cool.. you can pick em up in sterling but i still rate the 50% rams, they hold my interest despite the boring GVI and QEII Effergys on the reverse.. 1for1
Post46 predecimals aren't good quality junk silver are they? That's my feeling about them. Pre46 predecimals have strong content and I think junk silver bags in the USA are 90%
Twice as much storage space because you are also needing to store the 50% worthless metal they contain. Twice as much in postage costs because you are also posting the worthless metal.
we make the silver 999, then mixed them with copper 50% and later melt them down and take out the copper to return it to 999 again. it is just a heavy way of owning silver. .99999 proof are best, then bullion and then sterling and then 80% and then may be 75%... 50% is just too little, 40% are worst..if we just want the silver, rather than the coins. prefer to stop at 80%
Only snobs hate them. A lot of people buy really awful 999 coins at a premium because "silver is silver" but then you offer them post-46 at spot and they turn it down because "it's not pure". If storage is that much of an issue for you, you should probably just be buying paper and forget about physical altogether because you've clearly got a major problem with logistics. I've got a decent sized stack of them stashed away that I picked up back when spot was $16 and they've helped keep my cost average very, very low (which is essentially why I bought them). I won't mind selling them for less that spot when it hits $50/oz either. And as much as I'm not a believer in the S really H'ing TF, good luck trying to saw your PAMP bars into little pieces when the person you're trading with can't make change.
I got nothing against these coins just can't make a buck flipping them if I have to pay anywhere near spot. W Davis is offering $378 a kilo for these 50%; happy to give $420 a kilo in store credit if anyone is interested.
AEL I also forwarded a pm with similar information regarding 2 x daily pricing sheets. I could be interested for fiat cheer$
There are fake predecimal coins floating about - primarily florins, most I've seen have been dated in the 1940s, and range from lead to pot metal. Look like cast copies designed to counterfeit circulating currency of the day in WWII. Pulled four out of a bag of 30kg I had a minor rummage through the other day with the owner. So 1oz in contemporary fakes out of 30kg isn't too bad.
Sorry Dollars, not sure what you mean by your post. Are you saying my offer is fair, too generous or am I lowballing? Cheers
