hoarding silver what's a decent amount of a hoard?

I was joking about how junk silver and such generic rounds/bars can cost very little over spot metals prices compared to buying an ASE, Maple, Philharmonic, etc. which carries with it a premium, the spot cost of the metal and probably a dealer mark up over spot of a dollar or two. Hence, are you worth junk to yourself or a premium, it was a joke... and like all jokes that need to be explained, they've either failed miserably or cease to humor.

 

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nah I got it was a joke but it made me think about premium vs. junk silver
so I'm reposting it as I would really like an answer as well as other people might too.

does premium silver really mean more $$$

meaning if $50/oz silver is that ms 70 proof really going to be worth alot more then junk
I understand the grades mean something but beside the grade premium is the silver price increase going to bump up the value 3-4x what it is now?
like a ms70 is say $300 now at about $15 silver when it hit $45 is that ms70 going to be worth about $900? or still around $300 or maybe $400

keep in mind this is all an example of what I'm asking not actual prices I think or believe in

 

The price a ms70 carries is because of its numismatic value which would not be effected by the price of silver. A ms70 morgan still has the same silver value as a g-4.

 

like I said the silver value is different in then the graded vaule but would people actually pay alot more when silver hits $50/oz for a high grade coin?

 

I don't think so, but I do believe the downside risk is less. If silver goes down, the coins value may not go down as much.

 

not to sound greedy but I'm in a money making mind set right now since I don't exactly have much

I figure when I'm rich I can be a collector more then anything or will at least allow me to buy what I want without worrying of the costs

 

Information will provide value at least by a factor of 10 and richness is not only evaluated in terms of $$.

 

If you wanna make some money, figure out a way to get that MS-70 Morgan away from Scrumhalf2

 

true but when you avg. $100-200 a month in not needed to live and survive money that's not close to rich.

course that stemming from stupid principle discriminated against my wife and fired her for it the stupidity of financial institutes is not just limited to finance blunders...

 

I'm a big fan of paper money. A very safe investment--savings bonds. You can get them at any bank and they are fun to look at as well. You can get a $50, $100 and $250 for $200. Seriously. Try it once anyway if you don't like them, I'm pretty sure you can cash them in for what you paid after 30 or 60 days. This will help with diversification as well.

 

do they cost face value or do you get them for less then face and when they mature they are worth said face value?
and if so how much per denomination

 

All the info you need about Savings Bonds is available at the link below. You can buy them online, never have to hold a physical saving bond at all, available at the Treasury Departments website, just set up an account and transfer funds from your bank account as you need / want to buy them, hold them, resell them, set up beneficiaries, etc. all available online. Very easy and quite secure: Treasury Direct

 

Some cost 1/2 of face value (I believe they are the EE series) and give you full value at maturity. Others you can get a $50 bond for $50 where the intrest rate is based on inflation. Talk to a full service banker on which ones will work best for you. I don't remember how they are taxed.