Types of coin and bar

[Topherclaus]

While running an inventory on my stack tonight it occurred to me that I have a rather eclectic collection of bars and coins with 100 ounces being the most I have of any one type.

My question is would I be better off [considering future sales] to attempt to consolidate into limited types of coins and bars (maybe 1 oz coins and 10 oz bars of 1 or 2 different brands) for trade purpose and just collect 1 or a few of the others for my own collection?

Reasons for and against this plan please

 

[scrooged]

Whilst pulling my own dick tonight it occurred to me that I have a rather eclectic collection of bars and coins with 100 ounces being the most I have of any one type.

My question is would I be better off [considering future sales] to attempt to consolidate into limited types of coins and bars (maybe 1 oz coins and 10 oz bars of 1 or 2 different brands) for trade purpose and just collect 1 or a few of the others for my own collection?

Reasons for and against this plan please

fixed.

 

[House]

Very mature

After consolidating my own stack I'd definitely recommend it, life will be a whole lot easier when you don't have go pricing, selling and packaging a whole load of different types and sizes. The KISS principle plays well here so something like PM 10oz and 1kg for bars and round 50's and Kooks for coins would do nicely for the core stack.

 

[mmissinglink]

An argument can be made for both sides (extreme limiting of type of product you stack vs diversified stack).

From a practical standpoint, for the extreme limiting stack/collection, you are making things simple for yourself which is always helpful, but what if a few years down the road, there is little or limited interest by people in the type of item you have stacked....what then?

With a diversified stack, yes, it's more complicate to manage but also there's the advantage of having some of a variety of items - variety may be important since there are almost as many different preferences for types of products as there are people who collect/stack.

It's sort of like putting all your eggs in one basket or not. If that basket remains in tact/survives (if you happen to stack the product that will be desired when it's time to sell) then you saved yourself headache, time, and some resources but if that basket didn't remain in tact/didn't survive (future interest in what you stacked dissipated or died) you could be stuck with product that you might have to sell for a loss.

There's no guarantee that a product that is popular today will necessarily be popular some years down he road but I think reasonable predictions can be made. It is for this reason that from a practical standpoint, an extremely limiting stack is a better way to go.


Now, from a purely enjoyment standpoint, I think a diversified stack/collection hands down is way superior. If I'm only collecting 1 oz and 1 kilo silver Koala's for example (both, very nice good quality bullion coins) after looking at the first handful of them, I might not get so much enjoyment out of stacking. But if I am picking up a variety of different types of items, then I'm much more likely to be engaged in this endeavor and obviously in the pursuit of building an interesting collection that I can always have enjoyment from if I get tired with one type of product. The other benefit is when / if gift giving. With a diversified stack, you can taylor the gift to the individual person. If you only have a couple of different types of items, well gift giving will be more of a challnge.


Personally, am somewhere in between a very limited stack and a very diversified stack. The weakness that comes to mind first (though it's not the only weakness in my stack) in my stack is in poured bars....I don't have a single one. Sure I have pressed bars, but no poured. Never had interest in them and my hurting for money situation will keep me away from them for the foreseeable future. I can see how some people are really into poured bars though.


I like polished silver.....it's shiny.





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[Topherclaus]

Whilst pulling my own dick tonight it occurred to me that I have a rather eclectic collection of bars and coins with 100 ounces being the most I have of any one type.

My question is would I be better off [considering future sales] to attempt to consolidate into limited types of coins and bars (maybe 1 oz coins and 10 oz bars of 1 or 2 different brands) for trade purpose and just collect 1 or a few of the others for my own collection?

Reasons for and against this plan please

fixed.

I'll assume you're having a crack at the fact I was basically doing a stocktake? I moved house 2 weeks ago, so for security reasons I split my stack into groups to move it. I have also bought privately a lot lately so couldn't use receipts anymore to work out what I should have.

At the end of the day it just makes sense to work out if something isn't in its place after a move.

 

[Topherclaus]

As a response to the serious replies: thanks for your input. At the moment I'm going on 15 different types of silver and that just seems to not make sense. Should I want to walk away when the price goes to the moon (it's happening soon, right?) it logistically makes more sense to have few, rather than many, to sell at a price point.

I do understand what you mean that I may not stack something that's interesting or desirable in the future, but I can't see many scoffing at a pile of 1kg Kooks, or tubes of 1 oz 'Roos if physical is hard to get your hands on. In fact, rounds and bars kind of make more sense in that situation.

Though I guess good management is not assuming one eventuality, and maybe I should just build on what I've got. Damn it, this gets no easier. Haha

 

[mmissinglink]

As a response to the serious replies: thanks for your input. At the moment I'm going on 15 different types of silver and that just seems to not make sense. Should I want to walk away when the price goes to the moon (it's happening soon, right?) it logistically makes more sense to have few, rather than many, to sell at a price point.

I do understand what you mean that I may not stack something that's interesting or desirable in the future, but I can't see many scoffing at a pile of 1kg Kooks, or tubes of 1 oz 'Roos if physical is hard to get your hands on. In fact, rounds and bars kind of make more sense in that situation.

Though I guess good management is not assuming one eventuality, and maybe I should just build on what I've got. Damn it, this gets no easier. Haha

There's no guarantee that Ag and Au will move into a bull market any time soon. I think prices will be range-bound for quite a long time to come....but that's just my guess.

If you are betting that spot goes to da moon soon (and you could be right.....my crystal ball hasn't been working for years), and you are looking to sell when it does, then your best bet is probably to forgo buying anything but blobs (common, generic, non-denomination, super low premium silver bars) at this point. You should be looking to buy these blobs at a minuscule fraction over spot and free shipping. Historically, from what the sharpest-minded seasoned stackers assert, when spot prices rise significantly, semi-numi/numi/collector coins gain the least (percentage-wise). I mean why bother paying any additional premiums at all now for such coins if you are convinced that spot will go to da moon soon and you are simply looking to flip/cash out?

Personally, I see myself today more of a collector than stacker. That doesn't mean I won't sell some of my items when I feel the time is right or if I no longer want to keep certain items in my collection. But generally, much of what I am buying these days are coins and medals that I will probably hold onto for more than just a few years....and perhaps even pass down to the next generation of my family. If I was looking to buy physical items solely for the value of the metal content, then I'd just as well buy silver shot or save up for quite some time and buy a 1,000 oz COMEX silver bar like this (https://www.golddealer.com/product/1000-oz-comex-silver-bar/) or whatever has the very lowest premiums attached. That's if I only cared about the value of the metal and nothing else.







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[Topherclaus]

There's no guarantee that Ag and Au will move into a bull market any time soon. I think prices will be range-bound for quite a long time to come....but that's just my guess.

If you are betting that spot goes to da moon soon (and you could be right.....my crystal ball hasn't been working for years), and you are looking to sell when it does, then your best bet is probably to forgo buying anything but blobs (common, generic, non-denomination, super low premium silver bars) at this point. You should be looking to buy these blobs at a minuscule fraction over spot and free shipping. Historically, from what the sharpest-minded seasoned stackers assert, when spot prices rise significantly, semi-numi/numi/collector coins gain the least (percentage-wise). I mean why bother paying any additional premiums at all now for such coins if you are convinced that spot will go to da moon soon and you are simply looking to flip/cash out?

Personally, I see myself today more of a collector than stacker. That doesn't mean I won't sell some of my items when I feel the time is right or if I no longer want to keep certain items in my collection. But generally, much of what I am buying these days are coins and medals that I will probably hold onto for more than just a few years....and perhaps even pass down to the next generation of my family. If I was looking to buy physical items solely for the value of the metal content, then I'd just as well buy silver shot or save up for quite some time and buy a 1,000 oz COMEX silver bar like this (https://www.golddealer.com/product/1000-oz-comex-silver-bar/) or whatever has the very lowest premiums attached. That's if I only cared about the value of the metal and nothing else.
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That's if you're selling back to a dealer though? Most people who will be buying in heavily once it is already late in the game (assuming one were to get out at the right time) would be unlikely to be investors seeking 1000oz bars, you'd think?

I'm definitely gaining the appreciation necessary for the metals which will see me as a life-long collector as well as a stacker for what I foresee as financial gain/retainment.