Silver - Junk vs bullion coins?

Was looking to add to the ol’ silver stockpile and was looking for the cheapest coins. I was very surprised to find how expensive junk Peace and Morgans were compared with 1oz silver bullions. I usually find Maple Leafs or Krugerrands are the best value for bullion coins. Any advice on best value when looking to buy silver? Thanks

 

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I always buy pre '65 Washington quarters.

 

Agree with @tibor
Quarters give a good buy and are available locally or online.

 

Generic rounds or bars will cost less when you buy them, but also net you less when you sell them. If you just want the most silver for your money, and don't care about resale value, go generic -- but why do you want to accumulate silver if you aren't interested in resale value? Expecting werewolves?

 

If buying 90% silver.
Try to buy by weight rather than face value.

 

Peace and Morgan dollars are too much premium anywhere I’ve been lately but gov bullion has been better buys.

I’d look for lowest premiums on gov issues.

 

It all depends on what you are after. Bullion, coins, what?

 

plentiful and affordable. Melt is $4.09 today.

 

Austrian Philharmonics seem to be a good deal, but when it comes time to sell, will you get much over spot? Otherwise, nongovernment silver bars and rounds?

 

Silver Eagles are too high now. Austria Philharmonics and Canadian Maple Leafs are a better value.

 

I'm not a "silver stacker" or bullion collector, but I would think that if you just want the silver, buying the raw, poured, bars would be the cheapest way to go. They are still worth the going price of silver. JMHO
https://www.silver.com/silver-bullion/silver-bars/poured-silver-bars/

 

I don't have much silver at all but I stick to ASE's and vintage bars if possible. Here's the last bar I bought and even though I'm not much into silver, I bought two ASE's at my coin club last week @$30 a piece!

 

The best value for silver is 10oz, 1kilo, and 100oz bars. These carry the lowest premiums. If you want 1oz weight, generic rounds usually are cheaper (lower premium) than 1oz bars but the premium penalty will cost you more than 10oz and up which means less silver for you.

 

The big bars are harder to sell, though, aren't they? There's more risk of a fake or tampered bar, and people make lower offers as a result.

And again, if you don't plan to ever sell or trade away your silver, what are you going to do with it?

 

I still am firmly in the camp with government issue bullion and intended-for-circulation coins.

Right now my favorite buy are modern US commemorative silver dollars. I can get these for 25% or less premiums when Morgan and Peace dollars regularly are $30-35 each retail (aka 75%-100% premiums).

 

From time to time I could swear I see these going for less of a premium than circulated 90% dimes/quarters. I assume that you get less for them when you sell them, too, but it still seems like a value that should be hard to pass up.

 

I think I have too. From the same seller.

It really reinforces the subjectivity and demand-drives-prices of the entire marketplace.

 

I loaded the bases. I have silver bullion in 1 and 5 ounce rounds and bars. Some are the same and others are are different. I have junk silver in all denominations, Morgan and Peace Dollars and just about any other way one can collect that nice shiny metal.

 

The only reason to get a lower price offer is the premium over spot is low to begin with. If it was low when you bought it it will be lower when you sell it just like any other weight. If people are making low (below market price) offers because "it may be tampered with" or a "fake" you may want to find a better buyer.

As far as ever selling or trading that question wasn't raised by the OP or me. I'm not sure why you would ask me. (the second time). The only question that I am replying too is from the OP - "Any advice on best value when looking to buy silver?"

 

You can buy the St. Helena 1.25 oz. silver guineas in a 20 oz. roll on ebay right now for under $27 an ounce, probably some of the cheapest silver on ebay right now if anyone is looking...