PAMP 1 oz Bars vs 1 oz Coins

S

Silver South Aussie

New Member
Esteemed folk, being new to this process of acquiring some silver and a new purchaser, I seek input from those who have been exposed to the silver acquisition as to an opinion of any marked difference in /over the long term of coins vs. bars.

I have read the that coins have not only their content value but at times over 'spot' value but can the same be said for say, PAMP Lunar Dragon bars as well? And price difference, should there really be any between a 1 oz Kook, and a 1 oz PAMP Lunar Dragon?

Any comments before I do something silly!
 
After 11 years stacking, all I do now is stack world bullion issues that I acquire in the largest orders my income will allow.

I had extensively stacked bars, fractional issues, swiss issues, Pamp over the years but I feel that the winning game plan
is to discard all of those (unless you enjoy this a more of hobby which is fine).

If you are stacking to maximize hedge, hoard SAE,Kook,Maples,Vienna,Libertad. (maybe some Pandas).

If you are a true believer that Silver will increase in price, rest assured the premiums you pay today will evaporate and well
will both be getting the same amount for our 1 Oz of silver.

The difference is that my cost will be much less.
 
Use the search function and you will see that this topic has been discussed many, many times.

Short answer, buy remint kooks over pamp bars.
 
Buy bars and forget about the premiums on 1oz bars/coins.. you may make a few bucks over the spot price but the time you waste selling individual coins is worth more than the profits flipping them.. just buy and hold the 10oz bars..

or get into the coins in the short term.. but yeah alot depends on your situation as to which suits you.. i can only speak for myself

1for1
 
1for1 said:
Buy bars and forget about the premiums on 1oz bars/coins.. you may make a few bucks over the spot price but the time you waste selling individual coins is worth more than the profits flipping them.. just buy and hold the 10oz bars..

or get into the coins in the short term.. but yeah alot depends on your situation as to which suits you.. i can only speak for myself

1for1
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Nah, stay away from 10 oz bars
 
Bars if you have the money, bars if you trying to make a quick buck. As far as coins, you are upping the ante by adding cost at the benefit of a possible premium at a latter date. when buying coins, you should probably be looking at the mintage numbers and consider that before you pay extra for them.

Then again, I DO see some bars that fetch a huge premium, but I doubt that will matter if you need to liquidate locally and get cash fast.

-Zero
 
Coins are too highly subjective. For items that have equal silver content it can be too much bother dealing with mooks and their subjective b.s. regarding design and preferences which are normally whimsical in nature. It seems to attract the "fetish" crowd and they are irrational with their preferences and the more idiotic the preference the more staunch they stick to it even if its a bad investment. That said the fetishists seem to firmly believe their own bullshit so there will always be a market for these coins and their shallow devotees so don't see that demand disappearing.

Bars have lower premiums, no fuss and no bother and get the job done well to me at least.
 
depends on what your goal is.. if it is to get as much silver in your stack as you can .. NTR bars.. they ain't pretty. but they are probably the cheapest way to accumulate a stack.. and heck.. silver is silver.. << i have this way of thinking.. BUT at the same time, sometimes i just have to have something cos it is pretty and whimsical.. i guess and i like it.. like scottsdale throwback bars or the SBSS stuff.. but on the whole.. low premium 10 oz bars is what i like. because if silver does go to $100.. a 10 ounce bar will still only be $1000.. and i think there will still be a market for them at that price. but with a kg bar.. will be $3200.. i think that is getting out of peoples price ranger.. in saying that thou.. i do have a kg bar.. just because i like it. :P
personal choice ..
 
Personally ive found bars are more expensive then coins for small sizes

1 oz coins 2 oz coins 5 oz coins all are cheaper then bars

10 oz coins = 10 oz bars in price

1 kg bars are cheaper then 1 kg coins
 
I buy bars now.

Coins maybe if I can get them cheap, but then I will just generally swap the coins into bars with a bit of added extra = increased silver oz
 
Interesting relplies and its great to hear the various opinions (No wonder my mind is so unsure, cos theres a huge array of opinions) but I appreciate the feed back.

What if you could buy 1 ox PAMP bars for the same price or 20c more than a 1 oz Kook? would that make a difference. As many have suggested, silver is silver, but when it comes to selling, is it really the same.

or just stay away from the prity hype of pressed coins and minted bars and stick with lumps of silver?

I note many suggest (even though it may be dearer) sticking with smaller sizes (up to 500gms or 1 kg) as the liquidity can be easier in smaller sizes on the market (open to more buyers in a lower price bracket in the future). Is this something a new person should consider?
 
I noticed that silver bars have tendency to have lower premium in SE Asia, I dont know about the Aussie market.

Personal preference, I prefer coins such as because they are minted by the government , so at least to put purity issue to the rest ( no need for assay cert ) , and also some nominal value are stated on the coins itself. Nominal value on the coins can be subjective depending from which point of view.

On the plus side, though not always the case, the coins could have some numismatic value as well depending on situation that might warranted the coins to have premium in numismatic terms. For me I got those coins more for bullion value , though numismatic premium are welcome, but not as the target.

Bars they are just pretty straight forward, but it would be best they come with assay cert or manufactured by some reputable producers. Smaller bars are the best to start with especially for gold. The advantage of smaller bars is that I can sell them in portions, but yes more tedious to store.
 
Have a mix! I may be one of those 'fetishists' that prefers coins (yes, mostly because they are shiny and free of defects and have interesting designs). However I don't think it's as irrational as some make out, if you do it with half a brain.

For starters I only go for coins with relatively limited mintages. This means that you should always get your premium back, at the very least. So this means kooks for most Aussies, though with the recent increase of the 300k mintage to 500k (2011 onwards) and now 1M (2013 onwards), they aren't as attractive as they used to be.

Secondly, 10 oz coins make up a fair chunk of the stack. The argument that coins are wasteful due to the premium virtually vanishes once you get to 10 oz and higher. The difference in cost between a 10 oz kook and a 10 oz poured bar is negligible, if not non-existent. And in fact the 10 oz+ minted bars (like the PAMPs) are often MORE expensive than 10 oz coins.

Thirdly, I stick to government mints/legal tender. This at least gives you recognition and a 'trust' factor when trying to resell. IMO minted rounds by private mints, although 'interesting', are the worst of both worlds - the premiums associated with coins, combined with the lack of recognition and less guarantee of purity associated with bars.

Finally, though I prefer coins, I don't go paying ridiculous amounts for them. I'll accept a small premium over a bar, but I'll avoid anything more than a few bucks over spot and as stated previously, mostly stack limited mintage coins (the exception is that I do have some ASEs, but I got them cheap - Maples are cheap too but I don't like milk spots; Phils and Brittanias have too high a premium). I don't dabble in the semi-numismatics/proofs/gilded/coloured rubbish.


Also I should point out that although 100% of my silver is coins ... almost ALL my gold is ~bars~. I kinda see the core of my stack as gold, and thus buy bars to get max gold-per-dollar. Silver is the fun, more risky stuff ... so why not get coins - a few bucks premium isn't going to matter if silver skyrockets, and it has more potential on the upside than gold does in percentage terms I think.
 
PAMP PAMP PAMP in any size or metal be it Au or Ag

internationally recognized :)

and nice as well :P
 
Any gold I get is usually PAMP, however I only have one ounce of PAMP silver. Premiums are too high on PAMP silver.
 
Silver South Aussie said:
What if you could buy 1 ox PAMP bars for the same price or 20c more than a 1 oz Kook? would that make a difference. As many have suggested, silver is silver, but when it comes to selling, is it really the same.

I note many suggest (even though it may be dearer) sticking with smaller sizes (up to 500gms or 1 kg) as the liquidity can be easier in smaller sizes on the market (open to more buyers in a lower price bracket in the future). Is this something a new person should consider?
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If you can find pamp 1oz at Kooks price+20cent, then I would grab a handfuls (depending are you bullish or bearish). Pamp carries much more premium than that. Cheapest Pamp I've seen was at the same price as Kooks...but the pamp has been in 40degree...and it look like something out of McDonalds burger.

Smaller size does have higher premium...so if the word sell ever come across when your building your stacking strategy...maintain your liquidity. Saying that, we've seen stacker unload 5 to 10kg of 1kg bars without breaking a sweat, due to the attractive pricing.
 
Well, as a newby, all I can say is thank you all. I searched this wonderful forum, found a dear, Boulion Bourse, and true to the word of all those here, they were fantastic, low priced and delivered in record time (3 days from WA to SA).

Obviously, I was over cautious with sending money to a place I have never bought from and not knowing what rougues may be out there, but all that was put well at ease. After the order three emails within 24 hours with updates. Thanks BB.

So, im on the slide now (roundabout) here go's.......
 
Personally, I prefer PRIVATE mint product over government issue.

Why?

When you learn that most gov't issue is actually partially made by private mints, you start to not enjoy paying the hefty extra premiums the gov'ts charge.

I have no problems with bars, and actually prefer 10 oz as my favorite size but will gladly stack 100's too. Coins take up a LOT of room in storage compared with bars, so if you plan on stacking it heavy this is something to consider. I have plenty of coins, nothing wrong with them but this just goes to show there are different opinions on the matter.

If you stick with reasonable premiums over spot, and stick with GOOD brand names like Johnson Matthey, Scottsdale, Engelhard, etc, you'll do very well when it's time to sell.
 
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