Rounds VS ASE's Which To Buy

I'm sure I am beating a dead horse but no search results came up.

I have been collecting silver for a couple years now, however not much. Its now time for me to get serious about preparing for my future. I have included in my business plan to buy at least 100oz per month. With that being said, what do you believe would be the best one to buy, rounds/bars or Government silver? Both have their plus sides, but the downside to ASE's from what I heard is that you cannot melt them.

What are your imputs? Thanks.

 

Log in or Sign up to hide this ad.

Why not?

It is yours to do as you please.

 

Google is your friend, and they say nothing about it being illegal..
Just illegal to melt cents & nickels.

 

Its a government minted coin with a dollar face value, im sure its illegal to melt just like coins.

 

why would you want to melt down an ase?

 

I dont want to, but if the predictions are true, that the price will rise like crazy because of demand.. The demand will be to use silver in all the electronics and solar panels, people who have government minted coins will be SOL because they wont be able to sell. On the other hand the price might rise because the markets will try to correct them selves and balance out due to all the currency that we have created, in which case it would be okay to have ASE's

 

This gentleman isn't lying to you, sir...

Many actual circulating silver "coins" have been melted, both in years past and in recent times.

 

Detecto?
Profit guy?

is that you?

 

Unlike SAE's, most generic rounds have no numismatic value. If the price of silver were to rise, the rounds would sell close to or just below the price of silver. However, since SAE's do have a numismatic value, their price would be slightly higher.

Chris

 

The ASE's personally have more appeal to me than the rounds and I would believe would always hold some kind of premium over rounds. I am just not a fan of rounds, but that's just me.

 

It is April, 2018. Silver is selling at 27.2 times face. You are trying desperately to convince a skeptical buyer that your ROUNDS are genuine silver.

In addition, in everyday barter, no one particularly wants to "make change" by giving you U.S. silver coins plus an item of merchandise for your 1-ounce ROUND.

Buy junk silver dimes and quarters -- no problemo down the line.

 

If the Zombie Apok...Apork...Disaster occurs, the ASE's would sell at the silver bullion price whether as rounds or melted into bars.

 

That's not strictly true. The smallest unit of silver will anchor the price, good times or bad. When you talk about paying premiums for silver dollars, or for ASE's, or Mint products, you automatically compare them to junk silver dimes and quarters.

And I'm not talking about an apocalypse, by the way. I'm talking about preserving your purchasing power that's currently tied up, for many of you, in paper dollars.

If you're a family man currently making $22/hour, and barely getting by, and saving next to nothing, whatever junk silver you stack today could mean the difference between living and "existing" five years from now.

Today, a silver dime buys a loaf of bread. Inflation comes, and the odds are great that a silver dime will STILL buy a loaf of bread, and maybe a small jar of peanut butter thrown in, since neither is generally imported.

 

This is a stupid argument. What skeptical buyer? Someone on the street? They don't know the difference between a silver eagle and a round. They don't know which quarter or dime has silver and which don't. A dealer or fellow stacker will know what is silver and what isn't. Average person won't have a clue about any of it. And if they get educated they still won't pay a premium for a silver eagle. Silver will be silver to them and they won't care what form it comes in.

 

Guess what, unless you are talking about proofs, ASE's are not numismatic. They are high priced bullion and at 42,000,000 mintage a year they are not the least bit rare. Would a dealer pay you more for an ASE than a silver round? Possibly but you also paid a premium to buy them higher than a silver round. If you paid $1 over spot for a round but $4 over spot for an ASE and then when you sold the dealer paid you spot for the round and $1.50 over spot for the ASE, then you would have made more money on the round.

 

Well, Tom, I hope you buy lots and lots of rounds; that leaves more junk silver for the rest of us. And as far as my "stupid" argument, you can find skeptical buyers right now, you don't have to wait. They own coin shops.

And I said nothing at all about "buyers on the street." That's your fantasy. Good luck bailing out of your big-COA guaranteed-shiny rounds if the crunch comes.

 

Maybe you should point this out to Whitman, the publishers of the Red Book, to have them deleted as such.

Chris

 

Since most everyone here knows what I believe, here's my breakdown, NONE stored at home. PM holdings:

Junk silver dimes -- 52%
Junk silver quarters -- 18%
Junk silver halves -- 12%
Gold -- 8%
Silver U.S. Mint products, including ASEs -- 7%
Foreign and Canadian junk silver -- 3%
Ingots -- 0%
Rounds -- 0%

I have concentrated on junk silver not because I don't like gold, but because it is better suited to barter and/or everyday commerce, plus I think silver will double before gold will. A sad anniversary for silver, 1964-2014, gone for 50 years.

 

Yeah, that's just it Doug. You didn't define who your desperate buyer is or what the economic situation is. Every coin shop in this town will pay you spot for a silver round. You talk as though the only way people are buying and selling is through barter and junk silver and yet you still talk about the value of silver as being 27 times it's face value. So does the US govt. exist and therefore face value has some meaning or is it total economic collapse and the US dollar has no value? You can't have it both ways. My own opinion is if it is total collapse you would have been better off stacking food and ammo rather than any kind of silver.

 

I like the idea of government silver for the average silver stacker (read: someone not concerned about using them for barter/apocalypse money). Rounds are just really generic looking for my taste while government coins look good and are very recognizable and easily resold.

That said, an alternative reason to collect junk silver (aside from what doug444 mentioned) is that you can occasionally buy them at spot. If you really REALLY want to pay the lowest premiums and are patient, junk silver is better than generic bars and rounds.

Finally, if the price of silver rises due to industrial demand, that increase applies for silver across the board. Your silver bullion coins will increase in value right alongside ingots and the like. Silver is silver and shall remain so until Cthulhu bends the laws that govern reality.