i think i'm going with halves, i can get 1964 kennedys for 14x face. i looked into silver dollars, well-circulated 1921 Morgan, 1922 and 1923 are $20 each, dimes and quarters are both 14.5x face, and i think 90% is more interesting than bullion. thanks for all the opinions
I was just going to say almost any of the options except the 40% halves. They are a little harder to sell and you'll almost always take a big hit when selling them, but it's harder to get that discount when buying them. I like the Maples, pucks, or the 90% myself, but then again I'm not picky when it comes to silver!
Pretty sure even heavily worn morgans still have a base price that's currently above silver. I talked to a dealer last week and he has them for $27 each... said that was the minimum he would take for one. Common dates of course.
I do buy a little of both... but I agree the 90% is great to have. I enjoy knowing that I own a piece of history.
I disagree with this. If I was simply looking to stack silver...nothing more, all that matters is the silver AND the price was the same (per ounce of silver) I would prefer to go with the purest form. From my experience, the purer the metal the more liquid it is. I know 90% is very easy to move...but nothing is easier that .999 fine. That said, I "like" the classic 90% coinage better...but from a bullion only standpoint, the purer the better.
Fair enough for the options given. I just don't understand how anyone could call a +15% premium a selection based on bullion investing. If someone is hedging their bets on low mintage, and designs they like, that isn't bullion investing, that's coin collecting my friend.
Agreed, but maybe in some cases it is more bullion collecting (ASEs, pucks) than coin collecting (Morgan dollars, other 90%). The premiums were not great across all the options listed by the OP. That "other" category could have included generic rounds or maybe a generic 10 oz bar that sells very close to spot. You raise and interest point about mintage and designs though. I always try to look for the best deals, although I do tend to purchase items that are aesthetically pleasing to me, such as ASEs and Libertads. The good news is that these aesthetically pleasing items typically sell for a premium based on higher demand, so when I have sold I always recoup that premium above spot. I think the bullion pucks have promise to increase in value, not only based on bullion value, but based on lower mintage and design. For example, I bought the Hawaii 5 oz puck for about 10% above spot in 2012. Because it is the lowest mintage so far and people like the cool design, I can easily make a 3-4 times profit if I sell it now. I was in a local bullion/coin shop a while back, and the guy told me that the best way to buy silver was at or below spot. I asked him if he had anything like that, he reached under the desk and pulled out a box of unrecognizable metallic objects (cylinders, bearings, disks etc.) that he said were all marked .999 silver. It looked like scrap metal. He said that he would weigh as much and I would like and offer it to me at spot. I said no thanks...show me those aesthetically pleasing ASEs instead. TC
my problem with generic rounds and bars in the past is that they are a pain to re-sell, although i do not plan on flipping anything right now
I agree with you and unloaded many of my generic rounds when silver peaked a few years ago. I kept some of it, like the Prospector rounds, in which I like the design. I like your idea of getting Kennedy halves. You may want to consider Franklins. All are 90%, unlike the Kennedy's with some clad, 90%, and 40%. You know the difference but someone buying from you may not especially if the dates wear off over time. TC
Well that didn't go as I planned. Just wanted to reply without a quote. Just keep putting it back into CRH. YOU have fantastic luck with that....what is better then silver at face. Do like the SLV etf suggestion but not for the amount you are asking about. Have fun no matter what you decide.
i thought about franklins, but they cost $225 per roll at the LCS. walkers are $250, and barbers are $300.
i would if it were that simple . lately i have had a harder time getting halves, and i dont have nearly as good of luck in dimes. i do keep $2k in CRH money set aside that i dont use for anything else though. actually, a good sized chunk of my silver stack is in 40% halves i found before silver rose above $40 in 2011, back when the bank down the street had halves all the time before everyone started searching. i dont know where they all came from, but there was ALWAYS silver in the rolls and i can literally count on one hand the number of post-1980 i got! (89-P, 89-D, 92-D, 01-D. i saved them because up to that point i had never found any that new!). unfortunately i was 8 -13 years old and until i was about 11 i could only afford to search $20 a week.
14x for silver halves.............you could make some money as their is a dealer on a forum who put a wanted ad paying 15.8-16x for silver halves...... Get silver halves!
