Is silver not silver?

L

lshallperish

New Member
I bought my first silver of 130 ounces.. I went with the lowest spot price that was available.. I read people talking about designs like horse, lunar etc etc but does it actually make a difference? If you went and sold your silver to the shop you bought it from or many other shop's that do the same business... would they actually pay you more? I dont think so.. Dont they just go "ok silver price today is blagblah" and you'll be like "hang on.. I paid a ton of spot price for this.. its RARE!" than the guy goes "silver is silver mate"



One more thing, I didnt want to make a second thread so I'll put it here.. can anyone give me some number's regarding how much silver is consumed and how much silver is in demand so I can see the difference between say 5 year's ago.

THANKS
 
That's true, because shops don't speculate on numismatics (and also even not on silver), and thus don't pay the related extra in the price. Their customers do. So you need to find other such speculators. People that buy them for the same reason. Rather obvious, I thought.
 
lshallperish said:
One more thing, I didnt want to make a second thread so I'll put it here.. can anyone give me some number's regarding how much silver is consumed and how much silver is in demand so I can see the difference between say 5 year's ago.
Click to expand...
In million ounces, source Silver Institute, revisions possible a decade later!

Mine Production [SUPPLY]
1997 520.0
1998 542.1
1999 556.8
2000 591.0
2001 606.2
2002 593.9
2003 597.2
TOTAL1997-2003 4007.2 RATE 572.457/YEAR
2004 613.6
2005 637.2
2006 641.3
2007 666.1
2008 683.0
2009 713.6
2010 752.7
2011 757.0
2012 787.0
2013
2014
TOTAL2004-2012 6251.5 RATE 694.611/YEAR

Net Government Sales (positive means it's [SUPPLY], negative means it's [DEMAND])
1997 -0.7
1998 33.5
1999 97.2
2000 60.3
2001 63.0
2002 59.2
2003 88.7
TOTAL1997-2003 401.2 RATE 57.314/YEAR
2004 61.9
2005 65.9
2006 78.5
2007 42.5
2008 30.5
2009 15.6
2010 44.2
2011 12.0
2012 7.4
2013
2014
TOTAL2004-2012 358.5 RATE 39.833/YEAR

Old Silver Scrap [SUPPLY]
1997 169.3
1998 193.9
1999 181.6
2000 180.7
2001 182.7
2002 187.5
2003 196.0
TOTAL1997-2003 1291.7 RATE 184.529/YEAR
2004 198.7
2005 202.7
2006 206.2
2007 203.0
2008 200.8
2009 199.8
2010 228.8
2011 258.1
2012 253.9
2013
2014
TOTAL2004-2012 1952 RATE 216.889/YEAR

Producer Hedging (positive means it's [SUPPLY], negative means it's [DEMAND])
1997 68.1
1998 6.5
1999 -16
2000 27.4
2001 -18.9
2002 24.8
2003 -21.0
TOTAL1997-2003 70.9 RATE 10.129/YEAR
2004 -2.0
2005 45.9
2006 -11.6
2007 -24.1
2008 -8.7
2009 -17.4
2010 50.4
2011 12.2
2012 -41.5
2013
2014
TOTAL2004-2012 -3.2 RATE -0.355/YEAR

Implied Net Disinvestment (positive means it's [SUPPLY], negative means it's [DEMAND])
1997 78.9
1998 45.2
1999 42.0
2000 87.1
2001 -11.4
2002 12.6
2003 7.8
TOTAL1997-2003 262.2 RATE 37.457/YEAR = DISINVESTMENT
2004 -5.4
2005 -63.1
2006 -39.5
2007 1.4
2008 -9.3
2009 -116.3
2010 -158.3
2011 -132.3
2012 -160.0
2013
2014
TOTAL2004-2012 -682.8 RATE -75.867/YEAR = INVESTMENT

Industrial Applications [DEMAND]
1997 -319.5
1998 -313.2
1999 -336.1
2000 -374.2
2001 -335.6
2002 -340.1
2003 -368.4
TOTAL1997-2003 -2387.1 RATE -341.014/YEAR
2004 -389.7
2005 -430.3
2006 -453.0
2007 -486.2
2008 -490.9
2009 -403.6
2010 -500.7
2011 -487.8
2012 -465.9
2013
2014
TOTAL2004-2012 -4108.1 RATE -456.455/YEAR

Photography [DEMAND]
1997 -217.4
1998 -225.4
1999 -227.9
2000 -218.3
2001 -213.1
2002 -204.3
2003 -192.9
TOTAL1997-2003 -1499.3 RATE -214.186/YEAR
2004 -178.8
2005 -160.3
2006 -142.2
2007 -117.6
2008 -101.3
2009 -79.3
2010 -72.1
2011 -66.1
2012 -57.8
2013
2014
TOTAL2004-2012 -975.5 RATE -108.389/YEAR

Jewelry [DEMAND]
1997 -150.6
1998 -140.6
1999 -159.8
2000 -170.6
2001 -174.3
2002 -168.9
2003 -186.8
TOTAL1997-2003 -1151.6 RATE -164.514/YEAR
2004 -187.6
2005 -188.4
2006 -176.5
2007 -183.8
2008 -179.1
2009 -178.7
2010 -192.8
2011 -186.5
2012 -185.6
2013
2014
TOTAL2004-2012 -1659 RATE -184.333/YEAR

Silverware [DEMAND]
1997 -117.7
1998 -114.2
1999 -108.6
2000 -96.4
2001 -106.1
2002 -83.5
2003 -85.1
TOTAL1997-2003 -711.6 RATE -101.657/YEAR
2004 -68.3
2005 -69.6
2006 -63.4
2007 -61.5
2008 -59.8
2009 -55.0
2010 -52.8
2011 -48.3
2012 -44.9
2013
2014
TOTAL2004-2012 -523.6 RATE -58.178/YEAR

Coins & Medals [DEMAND]
1997 -30.4
1998 -27.8
1999 -29.1
2000 -32.1
2001 -30.5
2002 -31.6
2003 -35.7
TOTAL1997-2003 -217.2 RATE -31.029/YEAR
2004 -42.4
2005 -40.0
2006 -39.8
2007 -39.7
2008 -65.3
2009 -78.8
2010 -99.4
2011 -118.3
2012 -92.7
2013
2014
TOTAL2004-2012 -616.4 RATE -68.489/YEAR

Some average silver (second column) prices:
1997 5.945 330.98 55.67 0.7 -10.48 0.06
1998 5.549 294.24 53.03 -33.5 -11.67 2.87
1999 5.218 278.88 53.45 -97.2 -15.34 6.34
2000 4.9506 279.11 56.38 -60.3 -15.40 3.92 <- CUMULATIVE AVERAGES!!!
2001 4.3702 271.04 62.02 -63.0 -16.72 3.77
2002 4.5995 309.73 67.34 -59.2 -17.59 3.37
2003 4.8758 363.38 74.53 -88.7 -19.93 4.45
2004 6.6711 409.72 61.42 -61.9 -15.40 4.02
2005 7.3164 444.74 60.79 -65.9 -21.32 3.09
2006 11.5452 603.46 52.27 -78.5 -11.90 6.60
2007 13.3836 695.39 51.96 -42.5 -15.56 2.73
2008 14.9891 871.96 58.17 -30.5 -7.59 4.02
2009 14.6733 972.35 66.27 -15.6 -0.96 16.25
2010 20.1928 1224.53 60.64 -44.2 -2.48 17.82
2011 35.1192 1571.52 44.75 -12.0 14.63 0.45
2012 31.1497 1668.98 53.58 -7.4 17.19 0.31
2013 23.7928 1411.23 59.31 ? 11.86 ?
2014 20.3715 1294.64 63.55 ? ? ?

Yay a question for figures! We have a rare species on our forum! :D
Btw, think I found the reason for the changing prices on Kitcomm, in their annual averages (that don't go till last decade) they use... annual averages, while in their separate year figures, they use cumulative averages. I assumed they use same averages so I looked on both places randomly, hence the some years changing, and others didn't. Mystery solved.
 
Certain rounds and silver are printed in limited quantities making them collectable later on. I have found unloading those ones on ebay is your best bet to get your premiums back. For example the America the Beautiful 5oz rounds from a few years back are only 5oz of silver but sell for 200+ because people that just started collecting them need them and can't find them. Your just taking a gamble on weather or not the specific coins will be collectable later on. I buy a few because they are pretty but majority of my stack is generic and junk silver!
 
Ever buy a car and go to the dealer the next day and ask him to buy it back?
'Sorry mate, I sold you a new car, you want me to buy a used one.'

Ever buy a Tiffany broach from a jewelry shop, and try to sell it back to them the next day?

Dealers buy wholesale, sell retail. No big secret.

Some people make a living by buying things from one person, and selling it to another person, at a profit.
Pawn shops come to mind.
Take a Carson City Morgan dollar and an ASE to a pawn shop. More silver in the ASE, but any reputable shop will give you more for the Carson City. A lot more.

Yes, silver is silver.
It can also be a work of art.
A political statement.
A trendy bobble.
An antiseptic.
A relic from the distant past.
A collectable.

Some of us think it can be insurance, or an investment, although others disagree.

'Silver is just silver.'
When my friend told me that - a fan of the Austrian school of economics - I looked at him to see if he was laughing.
He wasn't.
We have had many disagreements. Still friends.
 
Nabullion Dynamite said:
Certain rounds and silver are printed in limited quantities making them collectable later on. I have found unloading those ones on ebay is your best bet to get your premiums back. For example the America the Beautiful 5oz rounds from a few years back are only 5oz of silver but sell for 200+ because people that just started collecting them need them and can't find them. Your just taking a gamble on weather or not the specific coins will be collectable later on. I buy a few because they are pretty but majority of my stack is generic and junk silver!
Click to expand...


Ebay.. maybe not.. I wont use a website that cant even track that they are being hacked for 2 months time thus giving 187million accounts to hackers..
 
lshallperish said:
Nabullion Dynamite said:
Certain rounds and silver are printed in limited quantities making them collectable later on. I have found unloading those ones on ebay is your best bet to get your premiums back. For example the America the Beautiful 5oz rounds from a few years back are only 5oz of silver but sell for 200+ because people that just started collecting them need them and can't find them. Your just taking a gamble on weather or not the specific coins will be collectable later on. I buy a few because they are pretty but majority of my stack is generic and junk silver!
Click to expand...


Ebay.. maybe not.. I wont use a website that cant even track that they are being hacked for 2 months time thus giving 187million accounts to hackers..
Click to expand...

If thats your stance then fine, just giving out suggestions. I have not found any other website that allows you to make all your money back and sometimes more on collectable silver, and the only website I've been able to buy gold at melt price. Another option is to try to sell private party on here for example. No matter what you do there is going to be some kind of risk, easiest and safest is selling to a coin store but that is were you take the largest hit.
 
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