Hello, are any of you accumulating pre 1964 silver coins particularly for bullion value? any thoughts right now on investing?
I’m not really a stacker but I prefer 90% silver. I try to complete rolls of different 90% as coin collector first, silver stacker second.
I buy silver, coins mostly, all the time, for as little as I can pay for it, basically as close to or under, melt. Flatware, Napkin rings, Thimbles, Jewelry, Coins. If it's silver and it starts at less than melt. I'm on it.
I’ve gone many routes on silver. Generics only (rounds and bars), US Government issue 90% only, ASE’s only and now I do e’m all because they have their advantages. It’s all about where I can get the best deal. I have 2 dealers I go to, websites I like (Provident, JM Bullion, EBay), and I have 2 avenues to sell. Getting 90% junk under melt is my favorite and those opportunities do arise every couple of months for me. I got a lot at 9xFace recently. In my perspective silver under $17 is a good buy. One thing I like to do is buy Morgans that have wear and cost under $20. It’s fun to collect different dates and mints but not have to pay high premiums.
Someone said that by saying this, that I'm giving up my "strategy". I say, What strategy? It's just common sense.
I bought pretty much junk silver pre 1964 coins - and the Washington quarters are circulated for sure.
Silver has gone from around 14 to a little less than 16 since November. It was around 17 last summer and then dropped 18% in three months. I wouldn't rush to plunge into to it now. If you don't have any, sure get some but there no telling which way it will go from here.
You're right, but if you're in at 14 -17 then you're sittin' pretty when it goes over 20...as it surely will eventually. I'm not a short timer.
I like to snatch up a silver war nickel roll from time to time and I won't pass down any other silver if it's below melt. You'd be a fool not to at these prices!