1 oz Coins

copperhead

copperhead

Active Member
Wile silver is silver , If and when sold ,
Is it worth spending the extra $2 on silver eagles or the Canadian maples Compared to generic silver
The maples are .9999 considered even purer

$2 is not much but adds up and considering the volatility of silver
some times i wonder if even a Buck is not Tobe taken lightly in the final investment
paid out
 
A lot of people think so. And if SAE's aren't worth a couple of buck premium, where does that leave Pandas, Lunars and the like?

Personally I've got high premium silver, raw generic silver and everything in between.
 
Generic rounds are what they are, generally OK almost anywhere but not the equal of gov't-issued legal tender. Maples = better than ASEs in Canada. ASEs = better than Maples in the US.
 
Well the .9999 with the maples seems like a gimmick, wont notice the difference between .999 and .9999. I say a little bit of everything. I keep generic incase I need some quick cash and don't want to lose any collectibles. I guess it matters on how you are selling and too who. My LCS pays .25 cents under for generic and spot for ASE and Maples. The 2$ premium doesn't seem worth the .25 extra I get paid when turning it in. I do have a lot of semi numi and collectibles. They would be hard to part with because I only have one of each and have grown attached. They cost a premium but satisfy the part of me that desires collections so the couple extra bucks(sometimes up to 10$ oz premium) seem worth it too me. The bars are MUCH easier to stack then a ton of coins in air tite capsules though.
 
$117.95 for some generic silver 5 oz

$124.29 for some gov issued silver 5 oz

Silver closed at $ 20.95 it may stay or go up for a wile
or quickly go back to $18 $19 's

As much as I search ,
I found buying by mail is not the lowest cost
some times E bay is good enough compared to the on-line companies

$117.95 for some generic silver 5 oz are the offers started before
silver hit $20 . If silver holds E bay will catch up
 
Nabullion Dynamite said:
Well the .9999 with the maples seems like a gimmick, wont notice the difference between .999 and .9999. I say a little bit of everything. I keep generic incase I need some quick cash and don't want to lose any collectibles. I guess it matters on how you are selling and too who. My LCS pays .25 cents under for generic and spot for ASE and Maples. The 2$ premium doesn't seem worth the .25 extra I get paid when turning it in. I do have a lot of semi numi and collectibles. They would be hard to part with because I only have one of each and have grown attached. They cost a premium but satisfy the part of me that desires collections so the couple extra bucks(sometimes up to 10$ oz premium) seem worth it too me. The bars are MUCH easier to stack then a ton of coins in air tite capsules though.
Click to expand...

Online dealers were paying spot + around $2 for ASEs when I sold last year.

In your area, goldmart.com is paying about spot + $2 for 2014 ASEs.
 
dccpa said:
Online dealers were paying spot + around $2 for ASEs when I sold last year.

In your area, goldmart.com is paying about spot + $2 for 2014 ASEs.
Click to expand...


Yeah I guess it is all situational. Also I havn't been around long enough to see how premiums hold up during major price drops and spikes. My LCS is just one observation I had made. I'm sure if you have a large enough quanity selling online is a good option. Ebay you can even pick up most your premium if you feel like waiting, people there seem to pay 9$ over spot for no reason atall, makes no sense.
 
copperhead said:
Wile silver is silver , If and when sold ,
Is it worth spending the extra $2 on silver eagles or the Canadian maples Compared to generic silver
The maples are .9999 considered even purer

$2 is not much but adds up and considering the volatility of silver
some times i wonder if even a Buck is not Tobe taken lightly in the final investment
paid out
Click to expand...

Better to invest in a coin backed by a government than a round backed by no one. An extra $2 for that kind of security is peanuts.
You get it back when the time comes to sell, so it costs you nothing ultimately.

If you want bang for buck go for bars over rounds in my opinion.
 
Aureus said:
Better to invest in a coin backed by a government than...
Click to expand...

Hang on, let me stop you there. In what way does a government back a silver or gold coin? That suggests some kind of value support or value premium based on the, what, solvency of the government? Reputation of the government? I totally understand how base metal fiat coins need backing from the government, otherwise they would be worthless for exchange.

Forgive me if I'm a bit dim, but I don't see how governments actually, these days, support their PM coinage except in the sense that they mint it in the first place, for some strange reason.
Or is it that, being legal currency, the government has some kind of legislative authority over the disposition of the PM coinage? :/
 
Gorth said:
Aureus said:
Better to invest in a coin backed by a government than...
Click to expand...

Hang on, let me stop you there. In what way does a government back a silver or gold coin? That suggests some kind of value support or value premium based on the, what, solvency of the government? Reputation of the government? I totally understand how base metal fiat coins need backing from the government, otherwise they would be worthless for exchange.

Forgive me if I'm a bit dim, but I don't see how governments actually, these days, support their PM coinage except in the sense that they mint it in the first place, for some strange reason.
Or is it that, being legal currency, the government has some kind of legislative authority over the disposition of the PM coinage? :/
Click to expand...

Coins are legal tender, so you are assured that you are getting what you paid for. Rounds on the other hand can be made by anyone and don't really have any laws keeping them in check. They are far more prone to fakes because of this.
There are a huge amount of reputable rounds, so I'm not saying ignore them completely, but it all depends on the round in question.

I'd choose an ASE over a buffalo round for example

but I'd choose a SBSS freedom girl over an ASE.
 
So why doesn't the West Australian government do something about fake kookaburra's then ?
 
raven said:
So why doesn't the West Australian government do something about fake kookaburra's then ?
Click to expand...

Who says they don't ? ,
They have in the past & the latest round of fakes don't have face value on them
 
Nabullion Dynamite said:
dccpa said:
Online dealers were paying spot + around $2 for ASEs when I sold last year.

In your area, goldmart.com is paying about spot + $2 for 2014 ASEs.
Click to expand...


Yeah I guess it is all situational. Also I havn't been around long enough to see how premiums hold up during major price drops and spikes. My LCS is just one observation I had made. I'm sure if you have a large enough quanity selling online is a good option. Ebay you can even pick up most your premium if you feel like waiting, people there seem to pay 9$ over spot for no reason atall, makes no sense.
Click to expand...

Using the 2008 drop as a guideline, ASE premiums held and even increased during the price drop. And ASE premiums are higher now than when silver was at similar levels in 2007.
 
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