I'm new to buying silver bullion and are just wondering which is the better investment. I know that silver is silver and you pay a higher premium for ASE's. The store i buy most of my silver at has ASE's for the same price as a 1 ounce bar online including shipping. But should silver eagles sell for spot or a premium? I have both bars and ase's. If you can help it would be greatly appreciated, because im lost.
I think if it's bullion bars, the only ones that might carry a premium are the higher quality refiners, like johnson-mathey or engelhard. ASE's on the other hand will most times carry a small premium and that premium get's higher if it's in great condition.
ASE's are easier to liquidate. Their purity is goober guaranteed, and every time I've gone to sell I've been offered spot or near spot for them.
Yes, when the crunch comes, I'd hate to have to convince some buyer that my "round" or "ingot" from the Klondike Kandy Company is the real thing. Keep in mind that 1-ounce anythings will be of little use in a barter economy if it comes to that; the denomination's too big for everyday use. That's why ALL my silver is junk silver, dimes and quarters; no one will question their authenticity, and they're a convenient size for commerce. Just make sure no one slips you a bunch of very very THIN totally-worn-out smoother-than-a-schoolmarm's-leg Barber's or Mercury's.
I would go with ASEs. The design is great, they are guaranteed, and are easy to buy/sell. Any premium you pay will likely be recouped when you sell. TC
I think it's always best to diversify. So with silver, I buy bars and coins as well as junk silver coins. ASE's do carry more of a premium, but I've always been able to sell them for more than you get for a bar. Whatever, once it is bought and stacked, you'll be happy with it.
It's great to hold PM's to preserve the purchasing power of your money for the next few years. What is not so great, selling your PM's for Federal Reserve notes caught up in hyperinflation, the very thing you were trying to avoid. Junk silver lets you "spend" your silver a small amount at a time, and/or enables bartering. There's no guarantee stackers won't have to USE some of their holdings to get by, and I say select a form EASY to utilize directly in everyday living. I bought 5 rolls of dimes today, and found a decent VG 1919-D. Small side benefit, paid for my gas.
ASE's and US Junk Silver are globally recognized, and will usually be much easier to offload for a consistent price (at least spot) at any time. I'd go ASE's and Junk for anything up to an ounce, and if you want to go bigger, then get some 5oz or 10oz bars from some of the more reputable names. You'll pay a slightly higher premium for them (I get mine for $1/oz over spot), but they stack nice and are there if you want to cash in a larger amount at one time.
If you need the funds for 5 or 10 ounces of silver, take 5 or 10 ASEs. No bars for me. No ingots. No rounds. Stay with U.S. Mint products.
Not a fan of bars. I'll take ASE, Canadian or Pandas for the 1oz rounds. I do have some generic rounds but only if they are clearly marked as 1 troy oz silver. After that it is Morgan/Peace at melt followed by Merc dimes. Have some halves but not a fan of quarters at all. Junk is the cheapest to spot followed by generic rounds. I've gotten bored with junk silver but will still hold quite a few ozs for barter or selling off to buy more desireable mint products.
This is 100% right. ASE's are definately the way to go. They do fetch a small premium, but most reputable dealers (atleast around here) charge 1.00-3.00 over spot. I avoid buying any on Ebay and especially proxibid because of the big premium that comes with 'em. Whats the point of spending 15-30% premium? when it's time to sell, you'll likely yield spot. It'll require a fairly significan jump in prices to just break even. Always try and buy local.
Silver is not silver I would grab some Canadian grizzlies! I have another pick but not giving out info until I can secure some. I need to unload some grizz to make other deal work. Also be careful who you are buying from chinese are stepping up there game for 2012. That includes ASEs, found dealer selling them less than spot sounds fishy to me, guaranteed iron in them coins. Pandas for to low price, grizzlies,ASEs guarantee way of buying bogus goods. Stick with big dealers that will buy back products. Check out perthmint.com/au 1 oz $99 bucks
If the bars and ASEs are close to the same price, I'd go with the ASEs. First of all, they will be easier to resell for spot or better. Also, ASEs have the potential to increase in numismatic value in the future. Someday, the Mint will discontinue production of the ASE series, and almost instantly all of the ASEs in existence will begin to accure at least some numismatic premium because the supply will be fixed but the demand will continue. That said, if you can find some of the older bars from the 70s and early 80s for close to spot, many of them have their own collector base who will be willing to pay a premium for them. In either case, try to obtain either older bars or ASEs from the years with lower mintages. Since they are bullion coins, the low mintage years are frequently obtainable without paying a premium.
What's your goal? Max ounces (generic)? Best resale value (ASE)? Most upside (CA Wildlife)? Least downside (Higher premium coins, lunars, pandas, etc.)? I can't decide, so I try to have a little bit of everything
