Thread: premiums

man it kills me to pay 5-sometimes 20 bucks over spot for some silver bullion coins. but i supose ill get it back when sold right?

so far ive collected quite a few coins, but am pretty stuck. should i just stock up on ase's now? "junk" silver just dosnt seem "real" to me. maybe because of the 90%, maybe its the wear on the coins. not sure. to me nothing compares to a bu oz of .999 or more silver.

Originally Posted by smokinwelder

man it kills me to pay 5-sometimes 20 bucks over spot for some silver bullion coins. but i supose ill get it back when sold right?

so far ive collected quite a few coins, but am pretty stuck. should i just stock up on ase's now? "junk" silver just dosnt seem "real" to me. maybe because of the 90%, maybe its the wear on the coins. not sure. to me nothing compares to a bu oz of .999 or more silver.

i am the opposite, i love the look, sound, and feel of 90%. i like having something smaller then 1 oz of silver as well. i also can usually buy it at melt or a bit less, unlike pure paying a few bucks over spot.

maybe its because i dont know what 90% feels like. can it be handled anytime unlike bullion? kept non airtight?

theres a part of me that wants to sell all my bu bullion for 90% but i need some convincing. if i can be "sold" on 90% i would be off to the races. lemme know, thanks.


also, what do you look for when buying 90%? are there any guidelines that can make sure your collection is not behond the rest?

Originally Posted by smokinwelder

maybe its because i dont know what 90% feels like. can it be handled anytime unlike bullion? kept non airtight?

theres a part of me that wants to sell all my bu bullion for 90% but i need some convincing. if i can be "sold" on 90% i would be off to the races. lemme know, thanks.


also, what do you look for when buying 90%? are there any guidelines that can make sure your collection is not behond the rest?

90% "junk" is usually just that. common pre '65 american coinage. sometimes you can get some nice stuff, like today i bought some uncirculated 1962 franklins at melt. i will put those in a tube and let them sit. sometimes i find barber dimes and quarters at melt as well. most of the time i have bought it throughout the years it is anywhere between almost good to extra fine but no matter what the grade it is worth the same because there are usually no special dates. when i just buy junk i usually just put it in a zip lock bag. it doesnt need to be treated special. every now and then when i go through my stuff ill put some quarters and dimes in my hand and just shake them around a little (might get negative thoughts on that) but i enjoy the sound of it, i like knowing i am saving/investing/collecting. i wouldnt trade in all of your bu bullion but if you are buying 5 oz's at a time will it hurt to buy 4 oz's and a buck fifty in 90%?

back to your original post, what did you pay $20 over spot for? a panda or a lunar?

ASEs have a high premium. Junk silver generally has a lower premium. If you want something that has a lower premium but is .999 you may want to try bars. Is the bid price any different than bars? Many people like 90% coins because of the history that goes along with it. I started buying 90% coins but fortunately I ended up buying at melt or close to it for coins that have collectors value as well. You may want to ask this in the bullion section as well since someone may offer you different advice. Many in the coin chat seem to be those that purchase collector coins but many have bullion too like myself.

Originally Posted by easj3699

90% "junk" is usually just that. common pre '65 american coinage. sometimes you can get some nice stuff, like today i bought some uncirculated 1962 franklins at melt. i will put those in a tube and let them sit. sometimes i find barber dimes and quarters at melt as well. most of the time i have bought it throughout the years it is anywhere between almost good to extra fine but no matter what the grade it is worth the same because there are usually no special dates. when i just buy junk i usually just put it in a zip lock bag. it doesnt need to be treated special. every now and then when i go through my stuff ill put some quarters and dimes in my hand and just shake them around a little (might get negative thoughts on that) but i enjoy the sound of it, i like knowing i am saving/investing/collecting. i wouldnt trade in all of your bu bullion but if you are buying 5 oz's at a time will it hurt to buy 4 oz's and a buck fifty in 90%?

back to your original post, what did you pay $20 over spot for? a panda or a lunar?

the canadian timberwolf was $$$



the way i see it is lets use beer for example.....

i can buy bud light for "spot".....or i can buy heineken for a "premium".


i presonally drink quality beer. thats why i cant see buying "junk" silver over bu .999. jmo, but im new to all this.

Originally Posted by smokinwelder

the canadian timberwolf was $$$



the way i see it is lets use beer for example.....

i can buy bud light for "spot".....or i can buy heineken for a "premium".


i presonally drink quality beer. thats why i cant see buying "junk" silver over bu .999. jmo, but im new to all this.

hahahaha ironically enough heineken is usually my go to beer, unless boddingtons is on tap (very rare). i can see your point, i am fortunate enough to live near a coin dealer that sells all .999 as just that with the exception of eagles which he will charge a little bit more for. funny thing about the wolf is i had several of them when i used to sell and couldnt get rid of them for 5 over spot. it seems to me in ebay world that stuff always demands a large premium and i can only assume it is because they are not available in the persons area so therefore if you want them you are obligated to pay a large fee. basically i just like buying my silver for exactly what it is worth and if i sell it is a little behind melt, which is better in my eyes then paying a premium for a bar or round then selling behind spot

Originally Posted by smokinwelder

the canadian timberwolf was $$$
the way i see it is lets use beer for example.....

i can buy bud light for "spot".....or i can buy heineken for a "premium".


i presonally drink quality beer. thats why i cant see buying "junk" silver over bu .999. jmo, but im new to all this.

But, if someone's only wanting or can only afford to buy beer at bud light prices, and all you got's heineken, you're either going to not sell anything, or take a bath on the sale.

There's nothing wrong with wanting only "nice" bullion, but you will be paying a premium for it. If you're OK with that, then so be it, you'll just have to hunt for the best deals you can. Bars are usually closer to spot than ASE's or others, if you're looking for pure silver at the lowest cost. If you buy in quantity, you should be able to get a discount. I'm lucky, I have a good dealer who buys at 3% under spot from me, and charges only $2/ounce premium for .999 in round or bar form.

However, in the end, this is a question about your preference, more than what is "right".

Originally Posted by smokinwelder

the canadian timberwolf was $$$



the way i see it is lets use beer for example.....

i can buy bud light for "spot".....or i can buy heineken for a "premium".


i presonally drink quality beer. thats why i cant see buying "junk" silver over bu .999. jmo, but im new to all this.

http://www.ratebeer.com/beer/bud-light/474/ Bud Light is a 1
and
http://www.ratebeer.com/beer/heineken/37/ Heineken is a 6

These are scores out of a 100. If this is the limitation of your beer experience I feel very, very sad for what you have completely missed out on.

Personally I love Trappist Ales...

Originally Posted by XcelsiorTrading

http://www.ratebeer.com/beer/bud-light/474/ Bud Light is a 1
and
http://www.ratebeer.com/beer/heineken/37/ Heineken is a 6

These are scores out of a 100. If this is the limitation of your beer experience I feel very, very sad for what you have completely missed out on.

no henieken is not my fav. i like red stripe, blue moon, sierra neveda, shock top.......

i would have used something else as a example, but it may not be appropriate according to some. so dont feel bad for me. im happy.

Originally Posted by smokinwelder

the canadian timberwolf was $$$

You never know with coins like the Timberwolf. That series got hot and if you didn't buy the coins when first issued you can't get them now for a normal price. Lower mintage bullion will usually run more than something that is banged out by the tens of millions. For unc. bullion I like ASE's, Canadian Maple Leafs, and bars. But I don't mind paying a bit more for coins like Pandas or Britannias.

Originally Posted by smokinwelder

no henieken is not my fav. i like red stripe, blue moon, sierra neveda, shock top.......

i would have used something else as a example, but it may not be appropriate according to some. so dont feel bad for me. im happy.

Blue moon and Sierra Nevada are at least half way closer to real beers that I speak of, but still you have only moved up in beers from the good-fine to the very fine - extra fine, you still have a ways to the true happiness of (BU) of beers MS65-70

Anyway all silver purchased right now will not be worth much when it drops back to about $10 and ounce..

And if your dooms day planning, you better have dimes and quarters, cause nobody will be making change of your full ounces... and hopefully you've equally stocked up on your bullets ROTFLMFAO!!!

Actually many people diversify their purchases. Many of my 90%ers are roll finds and others I bought right at or about at melt with no premiums. The good thing about diversification is you can sell only what you want. You can sell 1000 ounces or just a few grams.