1oz ASEs/Perth Mint Kangaroos/Britannias vs 1oz .999 rounds

Ronnington

Ronnington

Member
Hi all,

would like to get your thoughts on the buying/selling/spread experiences of 1oz American Silver Eagles/Perth Mint Kangaroos/Britannias and the like vs more generic 1oz .999-grade 'rounds' coins

When I first started stacking at the beginning of this year I bought a few tubes of ASEs at a hefty 30% over the spot-price at the time of US$14 per oz... soon after I started loading up on NZ Mint Silver Fern .999 rounds at just 5-8% over spot price at the time and I kept buying these with a couple of bars on a regular basis until July.

The calculations I have done for buying/future selling/spread always comes out in favour of the more generic rounds - am I missing something here?

I will be looking at placing a decent-sized order for more coins to get my stack a 60/40 split of coins to bars, and I'm tempted to add Perth Mint Kangaroos next time, but i can't seem to ignore the fact I can get generic .999 grade rounds like the NZ Silver Fern or the NZ Mint Taku Turtle Niue for a few $ less per coin...

Also, on the effigys on the back of coins, why do they have values showing AU$1 or NZ$2 etc when the real values of each coin are so much more than that? :)

Thanks
 
Nice coins!

I haven't bought any New Zealand Mint Taku Turtle Niues yet, but I am considering a couple of tubes of them on my next order...
 
JoeExotic said:
Buy the cheapest product with the least % premium over spot.
Click to expand...

That's my thinking too :) is it a case of .999 grade Silver is .999 Silver at the end of the day, regardless of whether it's an ASE, Britannia or a more generic round like an NZ Silver Fern?
 
G'day, I'm just a new mug punter in PMs, so take what I say with a grain of salt.
I contacted the treasury & RAM (6 weeks ago) regarding face value gold & silver coins qualifying my questions with "I comprehend gold & silver prices fluctuate constantly, as does the AUD". So why is that there is enormous disparity between the face value & cost? Of course they would not give a straight answer replying with nonsense such as, "policy, tradition etc". It is obvious that they do not want gold & silver coins used as money. They would rather have us use polymer Tinkerbell bank notes. Bank notes are not money. The only thing that is money is "coins of gold , silver or less precious metals".

I think you really need to establish in your own mind why you are stacking. Have somebody ask you, "why do you stack"? then answer the question. Is it a hedge, forced savings or prepping for SHTF scenario. for hedging & saving I think kilo & 10 oz bars is the best way to go. if it's SHTF, then I reckon recognisable cheap sovereign government coins are the go. My personal story is that I bought 9 x 1 kg bars at a comparatively good price. with SHTF scenario in mind I began to trade those down to cheaper coins & gold. By keeping on eye out, I was able to convert lower premium coins into ASEs. I still had to tip some fiat into that exercise for the conversion, but I consider the higher ASE returns & liquidity was worth it.
Good luck& keep stacking.
 
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