Quite frankly I don't trust China. They have very shady practices and rip off consumers and businesses world wide. Their counterfeit market is widely known and the government over there does little to nothing to shut it down. So basically I am suspect what their bullion being genuine. To this into perspective the Chinese found a way to make counterfeit honey using rice glucose to try and become the world wide leader in honey. Why wouldn't they fake silver and gold? Also, I really couldn't stand that most of time when I saw a coin in a shop it was a 30g round with a huge premium. Basically paying WAY over spot, sometimes double or more for less than 1oz of silver. I understand there is some numismatic value in Pandas but that much for bullion?! Then there is the whole Communist and humanitarian issue that I can't into. I picked this one up because it is 1oz vs 30g, it is a very nice looking coin which is one thing China is doing right, and I am trying to pick up some different bullion coins so I have something besides the same Walking Liberty design ( very beautiful don't get me wrong) to look at in my stack. I'm looking to add the different Canadian wildlife coins, Australian coins, etc.
I hear you and agree with all of it. I haven't ever bought a Chinese coin and always wondered who did for all of the above reasons. I always wondered what other people thought of Chinese coins and why anyone would trust or invest in one. Though I must say, they chose right when putting Pandas on their coin because their Pandas are probably the most, if only, universally endearing thing about China. Maybe one day I'll pick one up, but one is as far as I'll ever go. And if it's filled with something other than silver then it wont be the first time I've been cheated by $20 on something "Made In China" LOL! I understand wanting to add variety to your collection. The Silver Canadian Maple Leaf bullion 1oz is a gorgeous coin btw. And like you said, Canada, Australia and other countries have some beautiful designs. I find the Koalas adorable. Good luck with your stacks!
I started buying silver back in 2013. The first thing I bought was a sheet of Johnson Matthey. Last week I saved up some money to buy another sheet.
That's good to know! Thank you. I assumed that all bars have a resale value of only melt at best, but clearly I have a lot to learn! Do the JM and Englehard bars have a better resale value than gov't issued coins?
You have to compare apples to apples, i have both coins and bars, and Like the bars better, really like poured silver, lots of interesting designs as well, coins can get kind of boring, i do like these those.
on the gold bullion side you cant beat the 24 K Queens Beast Series, A different design each year, here,s the Red Dragon one of my favorites
Like the Kruggers as well >) but the thing about them is the design stays the same and just The year changes, so same old same but its a beautiful coin Never the less.
Sorry got a little side tracked there ! Or you can go strait silver rounds however if you go with a 1 oz coin do ASE,S as the tend to bring a better premium.