Alright, so I got into silver in March of 2011-not good for me or the wallet! I bought a few rolls of Cougars and then of the Moose. I know APMEX is charging more for those coins now that the new ones have came out but the demand on eBay is a bit softer(ebay $35, APMEX/Provident is $40). I recently seen 2-1 oz coins- 1 moose, 1 cougar sell for roughly $70+ on ebay. I know final value fees but I do get the 20% discount. So here's my question, if I'm able to sell these coins which doesn't appear are going to have the big jump like the Wolf and Grizzly did at first, would I be better off selling the coins as a set, taking the money and rebuying more silver even if they're not the limited mintage of the Canadian Wildlife Series? Obviously I'm under water with my silver investment as when I first bought at roughly $28 an oz and even bought some at $47. I see this as a chance to lower my cost, and get more silver Lets say I sell 100 oz for $3500, I'd then be able to buy 140oz of 2013 Maples at $25 each. I know the mintage is low on these but if silver really ever does go to the moon, I don't know if a coin with a smaller mintage is going to matter. Look at older Double Eagles in MS condition, you can buy those at $1600 slabbed and those are almost 100 years old. Just wondering what your opinions are on this. The wife says no don't sell it, but my gut is screaming sell.....
I am not giving you advice, just some food for thought. I have almost always made the play for more ounces when I could. It's how I drive my cost per ounce average down as far as I can. Something you should keep in mind is timing. While you're in a position to sell them at what seems to be $35/oz today, by the time you sell, collect and rebuy, will silver still be at $22.50 and will you be buying at $25? It could be less or it could be more, it seems the crowd here is calling for less for the short term, but what do they know? Your statement is correct, if the price of silver goes parabolic, you'd be best off with low premium, recognized bullion as compared to the semi-numi stuff like wolf/grizzley/lunar and the rest of the fancy stuff. The real question is will silver actually go parabolic?
Since all 6 coins of the series are now out and people are buying older coins to complete their sets. My guess is now would be a good time to sell those as people may be on to the next series and demand thus price could drop. But that is just my guess.
if you for silver content, sell them and buy maples if you collecting stacker then I'd keep the coins no matter if silver price goes parabolic you will keep collectible item personally I am selling some of my early dated bullion in order to replace it with semi-numismatic coins ... that's just because last silver price drop taught me a good lesson: semi-numis do not drop that much as bullion does.
Are you buying these to collect or trying to flip? When you buy your bullion are you buying to hold or flip? If buying to collect keep If buying bullion to keep buy x amount per month regardless of the price and the "cost average" will work itself out. IMO
