Best Silver Coins to buy and why

Discussion in 'Bullion Investing' started by WildWest, May 21, 2019.

  1. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Got me to thinking. I started my addiction buying cull dollars. They appeal to the coin collector in me. Somewhere along the way I became a rabid opportunist and now own bags, rolls and piles of dimes, quarters and such..... Stuff that consumes a lot of space. I may try to make some deal with my dealer. Swap him all my small stuff for full halves and dollars. Heck, I’m OK if he makes some overhead on me. It would be cheaper than purchasing a third safe!
     
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  3. FryDaddyJr

    FryDaddyJr Junior Member

    Morgans are the worst coin to buy
     
  4. WildWest

    WildWest Obsessive Compulsive Disarry

    Elaborate??
     
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  5. FryDaddyJr

    FryDaddyJr Junior Member

    high premiums. look at what you're paying for silver vs say a Roosevelt dime.
     
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  6. WildWest

    WildWest Obsessive Compulsive Disarry

    Hrmmm...I don’t know. I like Morgan’s...I buy only high quality though...make sure they’re AU and up or I won’t take them home. I’ve had no problem getting the premium back for them the one time I sold a roll.
     
  7. FryDaddyJr

    FryDaddyJr Junior Member

  8. WildWest

    WildWest Obsessive Compulsive Disarry

    Lol! That’s a good sheet for a complete newbie. I’d like to think the majority of members here would be able to know the difference between a cull common date and a more desirable high grade rare date.

    You’re forgetting the numismatic value that’s added to morgans. Your argument is no different than saying don’t buy any barber quarters or standing Liberty half dollars that cost more than melt. It makes no sense. There’s plenty of numismatic value associated with most old coins and especially Morgan’s. Sorry, but that guide is for extreme newbies.

    Now if you’re talking culls and culls only...then I might tend to agree to a point. But I don’t buy culls so I’m not worried about that.

    The bottom line is Morgan’s are probably the most well known silver coin there is and it has a huge following.
     
    Last edited: May 29, 2019
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  9. -jeffB

    -jeffB Greshams LEO Supporter

    You feel that a Morgan has no value beyond its silver content. You may not be wrong, but as long as there are many thousands of avid buyers and sellers whose opinion differs, your opinion isn't entirely relevant.

    To me, silver bars bearing obsolete marks from highly-regarded manufacturers aren't worth more than melt. But I wouldn't expect to find them for sale at melt, and if I did, I'd buy all I could, in preparation for a quick flip.
     
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  10. WildWest

    WildWest Obsessive Compulsive Disarry

    Eggzacklee!
     
  11. FryDaddyJr

    FryDaddyJr Junior Member

    sure, all those deals where you guys buy morgans cheap are fantastic. if you're buying from the major players the best value is generic
     
  12. WildWest

    WildWest Obsessive Compulsive Disarry

    That’s the only way to buy Morgan’s. I would never buy a Morgan from one of the big guys sight unseen. For the price I’m getting them locally I could turn around and sell to provident for a profit immediately! You have to shop around but the deals are out there. I just picked up 5 common dates in XF+ condition today along with a roll of dimes and it cost me what worked out to be 11x face. Local is the only way to fly.
     
    Randy Abercrombie likes this.
  13. Paul Wagner

    Paul Wagner New Member

    Have you considered US Mint modern commemorative silver dollars? There are many that have low mintages. They're the "coin of the realm" meaning USA production and recognized. With commem's you get interesting art that changes, known weights, none are circulated and currently a LOT of the premiums are washed out of them. Today, you're looking at 1st quarter of 2010's common issues' prices according to an old gray sheet page I have here. Coins that enjoyed steep premiums back then are down significantly, many more than 50%. Plus, nobody is really talking about them.
     
  14. myownprivy

    myownprivy Well-Known Member

    Pass on all you've listed in your topic post.

    The reason "seminumismatic" silver should almost always be a "pass" is because 1) most silver will tone and some silver will milk spot, thus killing the collectible value, 2) dealers generally don't care about extra numismatic value on bullion. It's all just bullion to them. So you will have trouble ever recouping your cost. 3) they are usually unusual items made by lower profile mints and are therefore less recognizable or easily authenticated to the average bullion buyer, therefore you will have a harder time reselling them.

    Seminusimatic silver is perhaps ONLY a good buy if you intend to "flip it" right away for a profit or you like the item and don't mind overpaying because it is for your own collection with no intention to ever sell.

    Thus, I would stick to:
    1. Canadian Silver Maples: Medium premium, highest level of security, high level of recognition
    2. 90% US Silver: low premium, high level of security due to low value, high level of recognition
    3. American SIlver Eagles medium premium, medium level of security, high level of recognition
    4. Britannia, Kangaroo, Philharmonic, Krugerrand, medium premium, medium security, medium recognition

    Avoid: Generic rounds: low premium, low level of security, low level of recognition
    (with some exceptions, such as security features of Sunshine rounds)
    Generic bars: low premium, lowest level of security, low levels of recognition
     
    Last edited: Jul 19, 2019
  15. Bman33

    Bman33 Well-Known Member

    SAE
    90% US
    1oz rounds (From Well known private mint with their stamp on it)
    RCM 10oz bars

    All of these are recognizable and popular. SAE and RCM bars carry a high premium but are well sought after. 90% US carries low premium and rounds carry a medium premium.
     
  16. SLACKACTION

    SLACKACTION UNION REPRESENTATIVE

    I just purchased some morgans for avg 15.00 per coin and now after reading this I am corn fused....4 sure.. should have stayed buying 1/10 and 1/4 quarter ounce gold... I am pretty hard headed though...I'll get it maybe...…..
     
  17. myownprivy

    myownprivy Well-Known Member

    If I were you, I'd buy some punctuation before silver or gold.
     
  18. Collecting Nut

    Collecting Nut Borderline Hoarder

    $15.00 is a very good price on Morgans. You did well and should not be second guessing yourself.
     
  19. crazyd

    crazyd Active Member

    "....will hold their value and have the best chance to appreciate regardless of silver spot".

    After being on this board for a while - my view is that this is tough to do unless it is very low mintage or rare older coins. It just feels like these days its more and more about the bullion content... and less the coin. Not many new people coming into coin collecting. Still I collect because I love certain types and designs. I bought "the pride of two nations" set recently - and due to mintage and coin finish it appears to have appreciation right off the bat - but its not why I bought them.
     
  20. Brian Calvert

    Brian Calvert Active Member

    This post covers it, and basically if in

    USA - AE Bro !
    Aussie - Kangaroo Mate !
    GB - Thee Queen Brauv !
    China - Do they have a Silver Panda (probably the reserve currency in 20 years)
     
  21. fretboard

    fretboard Defender of Old Coinage!

    I stick to American Silver Eagles, the reason is for liquidity reasons. Most coin dealers I've run into are mainly into US coins. Sure they buy Maple Leafs, Mexican, Aussies etc., but the ASE's always win, hands down. jmho :D
     
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