What is your favorite way to buy silver for investment?

I asked a similar question on the bullion forum but now want to narrow it down to just US coins. What is your favorite way to invest, long term, in silver? Which is your favorite coin and why?

 

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I'm a newbie at this; only been in the bullion/silver game for a few months, so I can't really shed any knowledge on the subject. But I have to say it's fun and exciting hobby.
I like to buy from sites online only because they have such a huge selection, you can find pretty much any coin or bullion online and then some. However, I do like going into my local coin shop from time to time just because I can see the silver in person and the couple that owns it is very nice.
My favorite silver coins are probably the Chinese Pandas. Other silver coins/bullion I really like are the IOM Nobles and the Fiji Takus.

 

My favorite way, of course, is to get it at face value. Since that's pretty chancy, though, I tend to look for overlooked/undervalued lots on eBay.

 

My favorite ways to buy silver are by searching through tills when I worked at mcdonalds in highschool and buying it from coworkers.

 

Give me a dollar amount, and I'll come up with something.

 

Jcb let's say you can only invest about 200 dollars a month

 

I buy Morgan and Peace dollars for close to melt. Most are common date and in average circulated condition, but I've established a relationship with a local dealer so that he sells them to me for a dollar or two over spot per coin.

The same guy puts a 5-8 dollar mark up over spot on Silver Eagles and Maple leaves, so I figure I'm getting the silver dollars at close to spot, whereas I can't touch bullion coins for that close to melt. Plus Morgan and Peace dollars have some numismatic value as well.

 

besides bullion you can also invest in old coins with numismatic value. if the coin has numismatic value plus precious gold or silver you are covered both ways.

if gold and silver jump up and down for 20 years your coin just gets older possibly making it worth more. long term.

just another way to invest. some people invest in fine art and collectable cars as well.

 

Collecting old silver coins

 

Thanks for all the responses. I have yet to get into the Morgan and Peace dollars but a local coin shop sells them for about two or three dollars over spot, same with the ASE's. Sounds like a good deal. So far I have a good mix of junk silver (mostly quarters and dimes and a few halves), silver rounds and then a 100 oz silver bar.

I am now planning on selling the silver bar, not very practical when I want to sell it especially if silver increase dramatically. Much easier to sell off a handful of Morgan and Peace or ASE's.

 

Let's say you start out with $10k and then add $300 per month.

 

Let's say you start out with $10k and then add $300 per month.

 

my opinion is to more or less invest every year basically...I sold off some of my silver mainly junk silver and a roll of American Silver Eagles and then rebought in...I got a roll of Australian Year of the rabbit, a roll of chinese pandas, and a roll of canadian wildlife cougars...they are connected to the silver price slightly but also are "premium" associated coins...I figure buy them when they are still widely available and then sit on them til the premiums sky rockets...I did a bit of research mainly on e-bay and also knowing they are lower or low mintages like the year of the rabbit ones are limited to 300,000! but the key is to buy in before the secondary market jacks up the pricesexample: I bought 26-2011 Canadian Wildlife Wolf coins last year for $726.63 or $27.95 each and now on e-bay they are going for $50-60 each the spot price back then was only around $24 so it seemed it was a bit of a risk but it also paid off being the 1st coin of the series and that they are each limited to a mintage of 1,000,000just my two cents

 

Silver will make coins that a worth there weight .
Paper is worthless:devil: unless it a CU-60+ and a key date or design.
Then there gold !
It will always be worth it weight too

 

With a base of 10k, I'd want to diversify my silver. I would want to pick up a 100 oz bar, Ten 10oz Bars, and 5 rolls of 1oz rounds. Maybe like 3 rolls of maples, and 2 rolls of ASE (American Silver Eagle).

300 Per month after that? I would focus on Rolls of Rounds, because I like them. If I got above 50k in physical silver I would start investing ETF's. Another thing you should look into is taking that extra 300 a month and putting it into a savings account. That way if silver takes a steep drop, you can make one big purchase. It should be noted that investors advise only 10% of your portfolio in precious metals, so I guess the key is diversify.

Here is a good site.
http://www.providentmetals.com/

By the way I check out silvermonthly.com once in a while, and they have a top 20 list of which silver to avoid.

~Jason

 

I'd go rounds, or put that 200 in roll searching.

 

I prefer junk silver personally. In the past I bought junk silver and searched it for better coins. Finding good numismatic coins further lowers your bullion cost. My best find was a 32s quarter and a couple mercury overdates.

My other option is buying large lots. I like buying ones with a variety to make it more fun, not just silver most times. This way I have built up about 100 large cents, many CWT, and untold buffalos, IHC, and wheats. I try to buy the lot for the silver value, and simply hoard the other stuff as a profit.

 

My last silver purchase was mixed ASE's, Wash. quarters & Franklin halves. I bought about $450 worth at 5% below spot. This guy wanted to take his sick boy to Disneyland. Normally I try to buy at 20% below melt, but his story got to me. I just bought the 3 Canadian wildlife 1ozt coins (Timber Wolf, Grizzly and the Cougar) for $153.50. abit more than I wanted to pay, but I like the look of these coins. They are part of a 6 coin series (I believe)

 

So, I didn't mention that I like 1 or 2 good looking examples of world wide silver bullion coins (ASE's, Pandas. krugs, Aust. Philharmonics etc. etc. and etcetera.) plus junk silver that I put in albums and save the rest in coin tubes.

 

There is only one correct answer to this question...

ALL OF THEM!!!