Hey this is something I have been wondering. Are some generic rounds harder to unload? I see some rounds and bars with designs on them but no name or mark of the mint they were made at. I have not sold any of my slowly growing stack of silver so not really sure how it goes. I have a couple rounds like this but have not gotten more because unsure how that might affect the selling of them down the road.
I wouldn't buy them personally. I only buy stuff I am familiar with to try to minimize the chances the item is not silver. Some round metal object with no manufacturer? No thanks. Not worth the risk.
I have to agree here, while I don't buy a great number of rounds I have a few dozen and all from well known makers, I shy away from no-name silver. Heck I even worry about some of my sunshine mint pieces with the recent spat of fakes that have come out.
If you have a half way knowledgeable coin shop or silver dealer to deal with, you will be able to cash in any kind of silver. Some they will want to test, just to protect themselves from possible impure or plated bullion. But, to save yourself the hassle, ASEs and 90% are still the easiest ways to buy and sell silver in my opinion.
I only buy stuffs that I can liquidate later (when I need the cash) and prefereably with gains. With the general rounds, it is difficult to find buyers and they usually refuse to purchase them with any premium. Where as with semi numismatic / better known bullion, I know I can get rid of it quicker if I need the money and usually able to sell it with the same/higher premium than what it was originally purchased for.
If you're talking about buffs and very common stuff like that, they're not hard to sell. If you're talking about very uncommon stuff, then they might be more difficult to move.
Yes that is what I was talking about I bought a cpl when I started stacking and was just leary of them with no makers mark so I stayed away from them since. But I see quite a few like those out there (i.e. the replica morgans, mercs, and so on) I still think I will stay away from these I was just curious if people had difficulty selling them.
If they're common like that and hallmarked, you shouldn't have any problem selling them. You're not going to get any kind of premium, but you shouldn't have buyers think they're fake or not silver. There are millions of those buffs around...and the others too.
Are Monarch Precious Metal, Scottsdale Silver, OPM and Englehard ROUNDS considered Generic Rounds as well?
Yes...basically if it's not government minted, it's generic. Name brand generic, and less known than Engelhard and Johnson Matthey, but still generic. Many of the round the OP was asking about are made by golden state mint, so are known. The point of generics is that there is little if any premium when selling, and conversely less premium when you're buying them. Take a look here at the different designs available. http://www.coin-rare.com/silver-rounds.aspx and here http://www.goldenstatemint.com/price-list/silver-bullion-rounds.html and here http://www.goldenstatemint.com/price-list/silver-bullion-rounds.html and here https://factorystore.mulliganmint.com/silver.html and here http://www.amagimetals.com/silver.html and I can continue for as long as you wish...but they're still generics...
They sell just fine on EBay. Sunshine Mint rounds are going for around $26 right now. http://www.ebay.com/itm/1-Troy-Ounc...27908?pt=US_Bullion_Coins&hash=item35caa74a84
