Is investing in 1 oz Silver Coins a Good Idea

The price of Silver is roughly $16.50 per ounce. What do you think of investing in 1OZ Silver Coins? What kind do you recommend if you think it is a good idea?

 

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Well, you can start with American Silver Eagles, ungraded and unslabbed. I'm sure some of the silver buffs will check in with other suggestions.

Welcome to CT!

 

Yes. I see silver going up in the next year or so. JMHO.

 

Yes. I see silver going up in the next year or so. JMHO.

 

Buy some and get your hands dirty in the silver game! Join the poker table!

 

If the price goes up, and you sell while it was up, it is a good idea. If it goes down, and you sell when it was down, then it was a bad idea. Check back in a year and I can give you a more specific answer on if it was a good idea...

 

Like all investments, if you profit, you are a genius. If you lose your tail, you are an idiot.

You pays your money and takes your chances as some wise sage once opined.

 

My local dealer buys for 60 cents under spot how ever much I can bring him ...So I buy low( right now or last week).......Then sit on it until it goes up to approx. $21.00. Sell it to him for $20.40....profit of about $3.00 per ounce....scale that out to like 500 ounces........might turn it over in as low as 6 months or worst case you might have to sit on it for three years.....You only get bent over if you need the cash and are forced to sell low......its a fun game ...if you did this in 2010-2011 you reaped some massive profits...that is what we all hope for!....Good LUCK

 

Anyone trade gold for silver or silver for gold when the gold to silver ratio is favorable? Thats what I plan to do instead of liquidating for dollars

 

You gotta have nerves of steel to play that game! But as a lot of others here on CT do, I do it too!

 

This is what happened like 3/4 of last year prices were kinda high during the summer months 20.00+ so the US Mint didn't sell as many Silver Eagles as in 2015 they actually halted production of silver eagles so basically with silver it's still supply and demand there is such a supply out there of the cheap stuff I don't see silver going up for a while yet. Just buy the stuff you like and get a Power Rush off of it LOL.... The Market is doing so well I don't see the stuff going up for a while. With lower prices the stuff sells better.

Someone said you need to buy 5000 oz anually for investing just have fun with it I don't think many people can afford 5000oz on a regular basis I know I can't.

Gold doesn't sell any better than silver unless it's under market value.

 

You're supposed to sell the Silver when the price get high ?

Gee .. I've only been collecting it on lows.
I'm doing it all wrong.

But I've got a nice, though small, pretty little pile of ASEs (aka SAE). But then I also like the design of the Walking Liberty Half dollars. Thus the obverse design is on the ASEs. I wish they did the reverse design too ! I closed out my WLH with the commem gold then I started on the ASEs. LOL Now if they only had an ASE in Gold!! hahaha

I prefer the ASEs. I don't like rounds, bars, etc for Silver unless there is a particular design that I like which I would keep regardless of anything but extremely high Silver prices.
Such as a 4oz $20 trillion dollar bar which is just neato.

 

Or 30 years.

 

All depends upon when you buy on how long you have to sit on it to gain a profit


or a bit shorter detailed term looksie


or last year

 

It can be very easy to get sucked in on the "eye candy" side of silver bullion... I always buy the bullion that is the lowest over spot .49-.60 over and not getting attached to it is the key, when it goes up ....unload it...wait for a dip to restock....that is my strategy

 

You must have missed math class in high school.....If you bought in in december of 2015 at $14-$15 and sold 8 months later in august for $20-$21.....You returned 20% or more on your money in 8 months...Tell me what investment will even get you half that return ....SOMEONE JUST GOT OWNED!!!!!! HIS NAME IS BASEBALL21

 

You must have missed the last 30 years of price history. Or if you bought between 2011 and 2013 how underwater those buyers are. Or if you bought in the during the run up in 1980s how you had to wait 30 years to break even which is really a loss.

 

Always. Barter is a great method of exchange! I do this when I come across high dollar jewelry that I don't want to risk selling on Ebay. I'll exchange for quantity of things easily sold.