Hi, I've been a long time collector of silver bullion and in the past have invested in the Chinese Pandas which turns out to be a good investment because the prices have doubled and tripled in the last year.I also have full sets of Australian Kangaroo's all on original cards. My question is what would you purchase with $1500 today, I am really only looking at government minted bullion coins.These would be for collecting and maybe selling down the road.. Thanks for your input.RB
It depends! Is the $1500 money that you have saved, or is it the result of flipping some of your previous purchases? If some of this money is profit from the increase in bullion prices, you would actually be risking less than if it were money that you just set aside from your salary. If you want to make purchases now that you might sell if bullion prices continue to rise, why not consider bars or ingots rather than bullion coins struck by some government. These coins invariably carry a premium well above what you might expect to pay for the raw metal. This is just a suggestion you may want to consider, and I'm sure others will probably have their own opinions. Chris
Howdy rj, I like your approach already - perhaps because it resembles mine. ;-) The new canadian wildlife series starting with the wolves might prove interesting. Some of the aussie series are nice. For straight sovereing issues, look around but keep in mind what YOU LIKE. You liked Pandas. You liked Roos. Check out the Isle of Man stuff because they have a lot of special series besides cats. Mexico also has their Libertad series. Let us know what you go after. rono
I would just go with the Canadian Silver Maples and the US Silver Eagles. They are popular, you pay cheaper premiums than the Perth Mint or Panda ones, and are easier to sell. I stopped buying a few months ago when they hit $22 a coin and silver was spot at $20 or something. Im wary of buying more at this price...but i keep wishing i would a month or so later when i realize the coins have went up another few dollars lol. I personally love the way Canadian Silver Maple thats a good looking coin
I like the way the light bounces back at you from the shiny spots. I like ASE's, but the ML is a prettier coin in my eyes. Philharmonics aren't ugly either.
Canadian Maples are awesome coins: tripple to quadruple 9 fine silver, $5 Canadian dollars at face, the Maple Leaf part looks purdy... The USD went under the CAD today, btw...
Not that is a big deal with silver at $28, but the $5 face value is not a legal tender value. I talked to Scotiabank about this several years ago and they said if the price of silver dropped below $5, the seller cannot cash in the coin for face at any of their branches.
When we get $5 silver, again, well... When the Fed stop printing money... I mean, Oh you get where I was going.
Normally bullion coins are not what collectors purchase. In the case of Chinese coins however, this has turned out to be a good buy because these coins are being bought up and sent back to collectors in China since for most of Communist China's history, people were not allowed to own PMs and there were not many produced (relatively speaking) There is a large educated affluent society now in China that is knows how much the $ is worth and which has a huge appetite for these coins. If your goal is long term investment I would suggest gold instead. Silver is extremely volatile and the reasons for its rise and fall are quite different than that of gold.
Here is a suggestion: http://www.apmex.com/Product/59810/2010_5_oz_America_the_Beautiful_5_Coin_Sets____Unc_Dec_17th.aspx :whistle: TC
