Just Passed 100 Oz of silver!

I just crossed 100 ounces of silver. I know metals have tanked recently, but I am particularly fond of the Royal Canadian 10 ounce bar. I find the design attractive.

10 ounces just has a great feel in the hand. It is hefty, you can feel how dense the metal is. I really enjoy holding it.

 

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Nice! That's a "Big'uns"

 

Should I trade them in for a hundred ounce?

 

Nope, not if it's coming from CANADA.

 

pourquoi pas?

 

parce que. "Terr iff's"

 

Rookie nice going...
What's your next goal?

 

Only if they are an assortment of vintage 1 ounce bars.

 

You'd wind up in a net negative and owe cash out of pocket to make the exchange. The buyer will need to make money on the spread from what they pay you. And he'll be making money on the spread/premium on the 100 oz he's selling you.

And, the space that 100 individual ounces occupies is the same space that a 100 oz bar takes up. So no advantage in the 'saves space' analogy.

And finally, if sometime down the road you need cash, but don't need the value of the sale of a full 100 oz bar, you'd need to sell the whole 100 ozs. Conversely, you could sell off small increments if your total 100 ozs was owned in 1 and 10 ounce bars.

IMO, your incremental 100 oz silver hoard is much more liquid, and cost effective, held exactly as you have it. Enjoy it. And if you want to hold your entire 6.857 pounds of silver all at once, balance your holdings in your hands, or in a bag.

 

WOW!, The photo is deceiving, as I can only relate by handling a filled 20 slabbed certified coin storage box of my .5oz. MS69-70 Gold Eagles, that has only 1/5th of the coin weight.

How large is the coin?

It would require these to be filled with my preferred 1/10oz. Gold Eagles:
https://www.ebay.com/itm/235907266758

The good aspect of your investment is that your purchase didn't lose $10 in value recently, as my comp to this coin did: https://www.ebay.com/itm/326353913103?_skw=1988+1/10+oz+gold+eagle+ms70&itmmeta=01JR5B47J6TJ18AA1GK1KJQHRN&hash=item4bfc35850f:g:A0UAAOSwYtdnR5T-&itmprp=enc:AQAKAAABAFkggFvd1GGDu0w3yXCmi1eifEisPYIxzkMSEH+Zqx/f5miQDqksoXj9uLVgKP+2pS2txcciNAkDKcHAWvfihuuDvYOq/TUAgmbK6/Z0kLT+CKLIWo+tOBZdGpCqsy6JyrJ5UZRNXu7Yl38Wja/3lr69veuuZHeopoOu65RinZSXihjW/hac9xTupOQOZ462FWNXKpJoPmaQnrW20QBvUGWYq2xhTJwjrwVOxDjTSWJjRnkgSZxfJzPaxf8mhkmCSJtH8OvmHxmpoXvjuUZ4XzJIkrlSUbccoOviA8o7N7Tic806qvWkDcIGWP/ZLM0tmzqQgB6sY2FhJaqvItYiqyE=|tkp:Bk9SR7T5kKvBZQ

It's a beautiful bullion piece!

JMHO

 

Funnily enough, its almost exactly the same size as an NGC slab.

 

Lol. I just started stacking last year. Gotta balance it with buying actual coins.

Don't really have a goal. I have an auto-invest plan with Apmex, so I'll just steadily accumulate. I think that's the best way to handle investments.

I just noticed that I crossed 100 ounces, and that seemed like a nice round number to celebrate.

 

Congrats, I always liked the 10 oz bars too. Like you say, it feels like something tangible when holding it. You can't go wrong with .9999 fine either.

 

I have always thought that 100 oz bars would limit who I could go to and cash out. Because of that, for the past 50 years I have stuck with 1 oz bullion coins and coin silver. Maybe there was a better way but I still feel good about my choice.

 

I appreciate your analysis.

It was more of a joke to trade it in - I really like the 10 ounce bars. Its the right balance of heft and convenience.

 

The only real advantage of bigger bars is the premium per ounce trends down. Even between a 1 ounce and 5 ounce, it seems the premium is usually lower.

 

I did not know that. Good to know.

 

No keep them at 10 oz or less, there easier to sell. Larger weights are more difficult to sell and usually your stuck selling it back to a PM dealer or LCS where you run into spot pricing issues.

 

No. Think of the price going up. If you had a 100 ounce bar at today’s price that’s $3000. Not every dealer has that much cash on hand.

 

I'm sure every dealer has at least that much or more - or access to a line of credit. They would have major liquidity issues if they didn't.

Think about it - if they didn't have access to at least a few thousand dollars, they could literally never buy a gold coin or even an ounce of gold.

Now, do they want to tie up that much cash in 100 oz of silver? That's a different question. I'm guessing anyone who has the cash to buy 100oz of silver would rather buy 1 oz of gold.