I hope this works as this is my first poll. I have been collecting silver for quite some time now and I have recently made adjustments to my collecting process to only include the .999 or at least 90% silver. That said, I do have some world coins from all different countries that I keep for asthetic reasons that are only 0.720 or maybe even less but for investment reasons I try to maintain only 90% or .999 in my collection. To make it a little easier, I have eliminated collecting sterling silver. What do you collect, are you a silver purist or do you have all different types of silver? Sterling silver coins and all of the above? Anyone? This poll relates to collecting silver in an investment setting where sterling silver or coins that have a lower silver content than bullion would hinder your plans to make as much $$ as possible. I've answered what I collect above, what do you collect?
Great topic. With regard to silver I invest in .999 (60%) and .925 (40%). The %'s represent weighting in my portfolio. All of my silver is in 1oz rounds (the .925's also have 1 oz of silver).
I only buy .999 silver, I only keep 90% above junk silver, I have a bunch of 40% halves that I will unload eventually.
As a rule only 90% and ASE's but I also started a birthyear world silver set which range in lesser amounts. I also do buy whatever silver I can find thats a bargain including Sterling, but I only keep it untill I have enough to make it worthwhile to dump it.
I'm interested in even the .100 fine Mexican pesos, although admittedly I prefer the higher purity stuff.
I don't know if it's true or not because I've only spoken to one coin shop owner who deals directly with a smelter and he will not even buy anything less than .720 and won't even touch sterling silver as far as smelting goes because he said that altho the smelter will go down to 50% or something it's really not worth it. Also, sterling silver is a bigger headache than ppl think of as far as selling goes and some ppl get robbed when they invest in it. By the numbers .925 or .999 it doesn't look to be much of a difference but it doesn't work that way and smelters pay a lot less than they would for .999. It has to do with the separation process.
I only buy .999 silver because it is easy to sell/buy!! It is usually harder to sell the 90% silver coinage.
I do all .999 purity because it's the most desirable, best for practical applications, and reflects the going whole sale market rate. Anything else I imagine would require price adjustment. I do mostly bullion, not coins, because with coins you are paying extra for the collectibility, which is a variable when it comes to cashing them in. With bullion, you know exactly what you've got and how much it's worth, so there is the least variance between what you expect to get and what someone expects to pay.
I don't collect silver per se. I collect coins and a goodly percentage of them happen to be silver. When I purchase, say, an 1851-O 3-cent piece or 1853 A&R quarter, the amount or purity of the silver used to strike the coin is only of secondary importance to me. I own sterling silverware, have a relatively small position in .999 silver bullion in my portfolio, and have even commissioned and purchase a sculpture made of silver. I've even got some photographic film which, by now, only has value for its small silver content. So I'm afraid my choice for the poll must be "none of the above."
I am a coin collector first and foremost, I have all purity's from 10% Mexican pesos 20-30% German states minors, 50% British shillings, sterling, 90% and almost everything in between. If its a coin and I like it, I buy it. Some of the coins I get I do buy because of their potential silver bullion value, but that is always a secondary concern. I do own a pile of .999 bars and rounds also.
There are many different types of lesser quality world coins that do not have .99 or even near it. But some world coins are simply beautiful, witness the latest from Hungary, COTY consecutive times now. Not having examples of some of those coins runs counter to what coin collecting is about. Collect what you like that's near pure, and also keep lesser purity coins that strike your fancy. Make your collection yours. After all, it's all just passing through your hands anyway.