Should I buy a couple of silver coins .999 or usmint 2010 or 11 silver proof sets??

My initial thought to get myself and family fired up about coin collecting would be the proof sets for about sixty bucks. I realize that about half the coins are 90percent the others just coins. I am wanting to slowly build up a silver stock pile for investing rather than buy stocks like i have been doing. thanks.

 

Log in or Sign up to hide this ad.

if you're investing in silver just buy silver bars.

 

Well I could probably only afford the 1oz or 5 oz bars. hahahha. That is why I was going to go with the coins. But thanks. I may consider that. But I have sure gotten addicted to coins this past month!

 

Yeah if your just looking for silver I would buy the 1 troy ounce .999 silver bullion coins. Not an actuall u.s coin but a round silver bullion coin. That way your only paying for the silver.


Edit: I actually think they are called rounds not coins sorry

 

nothing wrong with picking up 1oz or 5 oz bars as times goes by.

 

Silver proof quarters are a blast to aquire! eBay or the coinshop.com have been my best sources! Mostly $5 - $10, a lot of times with free shipping! Good Luck!
Steve

 

Corey: Welcome to CT! ASEs are a great way to get people "fired up about coin collecting" and are also a nice way to invest in silver. TC

 

if silver gets really expensive will people want to melt 90 percent silver coins or pure bullion? just a question.

 

Just recently sold all my bullion, and kept all my eagles, maples, halves, and real coins. If they aren't from the mint they can't legally be called coins and are called rounds. (may be some gov marketing scheme who knows)

It really depends on what you want them for. If you want them for security in case of dollar collapse like many people are (me myself im not sure) I'd consider going with coins like the american silver eagle. The US seized gold in the early 1930's
http://www.the-privateer.com/1933-gold-confiscation.html and they didn't seize coins just bullion, if things got real bad they might even seize silver.

all paranoia aside i don't think we need to worry about these things so bullion or bars are cheaper as you don't have to pay some minting premium. I just sold a dozen or so 5 oz Englehard

That's a nice hunk of metal if you want to pick up 5 oz bars

 

This might be a good deal and in the direction you are looking for
http://www.apmex.com/Product/46944/1000_Roll_of_90___Silver_Statehood_Quarters_Proofs_.aspx

 

Alot of people buy junk silver. (pre 1965 halves, quarters, dimes and sometimes dollars with no numismatic value). 1 ounce silver rounds and bars are nice. They have different designs that are fun to collect. American Silver Eagles (ASE's) are awesome also.
Do you have a coin shop in your area?

 

those coins are screwed up and scratched. and they sell millions of silver proof sets.
so why would the be worth more than spot?

I think maybe he'd like grade 69-70 proofs?

http://www.apmex.com/Product/24947/2006_P_Ben_Franklin_Scientist___MS_69_PCGS_100.aspx

 

if silver gets really expensive will people want to melt 90 percent silver coins or pure bullion? just a question.

Sorry, me bad. I didn't pick up on the investment part. ASE, Panda, Brtittania, Maple Leafs, Libertads would be the way to go!
Steve

 

I would think pure bullion, which also the cheapest to buy.

 

thanks for all the advice and links!

 

so what are you gonna get????

 

It's been discussed so much, collecting for fun vs investing...
If you want to collect coins, collect for fun.
If you want to invest, and you are dead set on PMs, buy bullion.

Investing in coins for the purpose of investing almost never works out.
Yes, you hear about some big winners, but those are almost always happy accidents.
A true coin collector has a chance at some wins, but if they are honest, they have had far more losses.
It's like buying lottery scratch-offs. Yeah, someone tells you they won 50 bux, but don't tell you about the 1000s that they bought that were losers. They do it because they are addicted... Like a TRUE collector is addicted to the coins, but not going to prove a good investor.

 

Well i've decided to do both. collect coins for fun, and invest in silver bullion instead of stocks. silver is predicted to raise at least 19% in the next 3 years. So if it does I won't get that kind of return on many other investments.

 

I would like to add that you don't show the signs of the 1 in a million investor that wins on coin investing.
No offense intended, but your initial choice of proof sets as an investment betrays your lack of investing prowess.
Mint issue sets are historically overpriced, especially around the time they are minted. They sell very high from the mint, often see a spike in value in the aftermarket for a couple of brief years, then they fall to the basement... often to a value below their original issue price.
There are exceptions, but those are the happy accidents I speak of, and you have to be committed to the losers to be committed enough to be in those happy accidents.
I got my 1999 silver proof set from the mint and won big time, but in order to get that one, I bought ALL of the other losers from the mint.
Same with my 08/07 ASE. I buy 2 of everything, every year, from the mint. Not because I am investing, but because I collect.
So in 08, I got one 08/07 variety, along with a regular 08 for the 2nd. Happy accident. However, nothing an investor could have planned for and won on.

 

Good for you!
As a collector, I can tell you that once you are hooked on coins, even when you run across those 'winners', you'll be so hooked that you can't bear to capitalize on them.
Capitalize on bullion that you can get for little to nothing over market value when purchasing.
Have fun with the happy accidents you get from coin collecting, and pass them down to your grandchildren to enjoy.