How many of you don't mind buying secondary market silver? Secondary Market would be coins and rounds that have been obviously handled and no longer BU. For me I want mine in BU but would make an exception for AU Silver Eagles.
Secondary is cheaper. Often when the price drops and Apmex has a sale that is what I buy. Bullion is bullion unless you are not treating it as bullion.
My concern is the buy back on non-BU bullion coins and rounds. You will get less money for bullion with wear. That is one reason why junk 90% is appealing to me. I don't have jump through hoops to keep it looking good.
Why should you get less? Silver is silver. I would never pay a premium just because a lump of silver ia shiny. All I want to know it that it is exactly what it claims to be.
If you buy new generic silver and then resell it years later, you are essentially selling secondary market generic silver. Most buyers are not going to give you a meaningful premium for a BU generic round vs. a tarnished one. With generic silver, buy whatever is cheapest. , Shiny, tarnished, scratched, doesn't matter.
I don't think you can ignore silver coins and rounds that are aesthetically pleasing. When selling to consumers some may not care. With dealers they do care because they want it the nicest it can be to catch a customers eye. Have you noticed less of a premium on your generic buy back if it is scratched or pristine?
If that is the case then they are not really bullion, but collectibles. I don't buy those because I don't want to pay a premium for them. The premium is less when you buy it. I have never try to sell any but on sites such as APMEX they don't seem to care when buying it back, from what I have seen
it depends on the use, if simply for investment purposes condition to most people Is not important, but if you investing in Silver art, condition would be much more Of a factor but regardless for me, anyway i like things in excellent condition but It doenst need to be perfect though.
Howdy folks, Generic silver rounds and circulated silver are fine in their place. They represent more of a pure bullion play with no numismatic premium. You buy them cheaper and sell them cheaper. The one problem you might have is being able to readily sell them as compared with a BU ASE. They're less fungible. Cripes, you can practically sell an ASE at McDonalds. As for the variance between premiums, it can be enormous. Here is the link to Liberty Coin Service's quote sheet as of today. Compare the premiums. 5.8% for generic and 19% for BU ASE's. http://libertycoinservice.com/wp-content/uploads/quotes/daily_quotes.pdf and so it goes, peace, rono
I don't mind them. I don't pay over spot for them when I buy them and don't expect over spot when I sell them.
It,s a no brain,er ! though i invest in both the silver rounds and ASE,S and just about everything else, just to keep a foot in the door, you never know from one Minute to the next what,s hot and what,s not..LOL
Howdy, I concur with assassinator. Geez, I've always stacked a little of everything. WTF knows where the market may go in the future. A wee paranoid part of me also have stacked a goodly percentage of my silver in the form of a 'collection'. Silver crowns from around the world, set of leafs, libertads, etc. 90%, etc. I have rounds and bars. It's all good. peace, rono
Putting all your eggs in one basket is never a good idea, Diversification is key In to keeping a healthy financial future, being employed also help,s
