normaly every time i get paid I buy a dime a quarter and a half dollar for 17 to 19 bucks. i was thinking this week id get a morgan or peace. dont have one yet. i have 3 quarters 3 dimes and 3 halves and one 1989 ase totaling 2.8449 ounces ( whats the value of this) how much over melt are lower quality peace/morgans worth what is the best investment to put me over 3 ounces one of each quarter dime half or a morgan/peace i cant do to much over melt on coins right now till i get my own house for me wife and baby
Are you buying in hopes the value increases or just buying as a collector? I'd say, if you're buying in hopes silver goes up to sell down the road, don't worry about the grade and just buy Morgan or Peace dollar culls, they usually sell for just a couple bucks over current spot. If you buy to collect and care about grade/appearance, save up some extra and you can pick up common Morgans and Peace dollars in MS type quality for not that much more.
right now im mostly looking for silver to store say 10 20 or maybe more years im 23 now so im not buying and hoping to make a profit in little to no time when i get settled i will start buying coins in better grades and higher collectability i like silver but i also love anything old so thats why im going the coin route. the only other coins i have that arent silver are a couple common indian heads common buffalo nickle with date 5 uncirculated wasington dollores (guy at silver store gives them outas your change if you want them) im also saving every dolloar coin i get out of my works coin changer as a way to save money
is the morgan and peace dollores the largest amount of silver content other the the ase? i plan on buying something silver and cheap every time i get paid for a long time to see how much i end up with kinda like a long term investment
I was looking at the national park coins, does the national park coins get graded from PCGS as First Strike or other designation like the ASE?
yea they do- take a look here http://www.apmex.com/Category/110/America_the_BeautifulSilver_BullionCoin_Program.aspx
For melt value you can use the following website- http://www.coinflation.com/ If you are buying as investment then it doesn't matter which of the four you pick, unless you can get one cheaper then the others (per oz)
start buying just mercury dimes, you can find some nice examples in the junque bins, and before long you will have most of the date and mintmarks
If young and buying small amounts at retail prices, why not instead consider investing in yourself. Any possible return on a small amount of silver would be nothing compared to what you could make by getting the education or traing, then going into the right field. Just bookmark it and use the website. No app necessary. If buying as a collector to get enjoyment from your coins, buy what you like. The only person who can answer this question is you. Either way, and as has been suggested, you may want to consider saving up to buy something nice. While getting a new coin each week may be fun, in the long run (at least for the amounts mentioned) it rarely pays off. If or when you become more sophisticated with your collecting, such purchases may become regrets. Trust me... its happened to a lot of people before you. No matter what you decide, good luck.
While I do understand your excitement & ambition, I would have to say that you should hold on buying for now. You allow yourself a small weekly coin budget, but also say you have a wife/baby & aren't yet out on your own. The coins aren't going anywhere, add the allotted amount to whatever you are setting aside for your housing. Buy the roof before the coin. JMHO.
i spend 20 a week on my self every thing else goes to house savings and baby stuff and food ect i dont buy clothes or go out to eat or any of that me nd my wife both feel i should have a lil something to spend on what ever since im the only one working
enochian, I think you are doing the right investment thing. Small Dollar cost averaging in silver over time will get you a small safe deposit box of junk silver. Better than junk paper stock if you ask me and I have both. I wish I had started 30 years ago and not 7-years ago. Good Job!:hail: Common Morgan/Peace dollars this weekend at a coin show were about $28 each.
I never buy silver as an investment as there is no way to know if it can or will hold the value. A good silver dollar will almost always hold its own or maybe increase over time. You also need to know that you are paying over melt value so to make a profit the price will need to rise above what you paid for it. You are pretty young so you have lots of time to hold them and let them gain some value. Its just like the stock market there will always be a risk and you can win or lose. The only true safe way to get silver is find it or roll searching both you get it for face value. Good luck to you.
For a few bucks more you can get ASEs and almost a quarter of an ounce more silver per coin. I like silver dollars and have a few but I can't justify their cost.
