Best Silver To Buy

Discussion in 'Bullion Investing' started by icollectoldmoney, Jan 10, 2018.

  1. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    Was wondering if it is better to buy certified or uncertified silver coins and bullion.I am wanting to start investing in Silver. Was needing some tips or help on what to buy and not to buy.
     
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  3. losthomer

    losthomer Active Member

    Whatever floats your boat as cheap as you can get it.
     
  4. rte

    rte Active Member

    The cheapest .999 bullion you can buy.

    Coins that' your preference.
    Some like MS65 and up.
    Buy what you like.
    I have a hard time paying a premium for the high grade rare coins.
    In the back of my mind, I keep thinking IF and or WHEN someone finds a hoard of those coins your premium goes out the window.
     
  5. sakata

    sakata Devil's Advocate Supporter

    You need to clearly define you goals first. The answer could be very different depending on what they are. But if the goal is investing I would think that certified coins in the price range starting at a minimum of $1000, probably more, would be a good guess. Don't buy bullion is the goal is investment.
     
  6. cpm9ball

    cpm9ball Cannot Re-Member

    Let's get one thing straight. Investing in silver and buying certified silver coins are two different animals.

    Chris
     
  7. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    Well I want to do a little bit of both build a collection for my son. Also make a little money on silver.
    Thanks,
    Tyler
     
  8. Bman33

    Bman33 Well-Known Member

    Make sure you are out of credit card debt, have a positive Net Worth, have a good store of cash, other investments and retirement plans before you take the plunge. If you are young you want 1-2% of your portfolio to be Precious Metals. The older you get your percentage should increase a little.

    That being said I prefer Government Issued coins. ASE's and 90% Junk. These are very liquid and recognizable.
     
    SilverMike, LA_Geezer, -jeffB and 2 others like this.
  9. -jeffB

    -jeffB Greshams LEO Supporter

    If you're trying to make money on silver, you've got to think about where you're buying and where you're selling.

    If you buy and sell at retail, you're paying overhead for the dealer.

    If you're a dealer, you can buy below retail and sell at retail, but then you've got to cover your overhead.

    If you can't buy at a discount and sell at a premium, how will you make money? If you assume silver will go up, you're not investing, you're speculating (aka gambling). And even if silver and gold go up in the long term ("ounce of gold, nice suit, ancient Rome, etc."), merely keeping up with the cost of living isn't much of an achievement.
     
    LA_Geezer and sakata like this.
  10. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    Well yeah just got to really look into everything before I make the decisions.
     
  11. LA_Geezer

    LA_Geezer Active Member

    Agreed. I keep hearing about counterfeit ASEs, but I've never seen anyone here claim that they got one. I have a couple thousand ASEs, most from sellers who have been around a while, so I seriously doubt that I have anything other than real ASEs.
     
  12. harley bissell

    harley bissell Active Member

    Only way to make a guaranteed profit on silver is to get it at face value. Two ways to do that. 1) from change 2) find it for "free" in coin star slots or in the ground with a metal detector. If you have to buy a metal detector you will have hundreds invested to get the "free" stuff. Not easy to find open areas that can be searched productively so there are many nearly new detectors available at reduced prices.
    If you buy one of those make sure they were not stored with the batteries installed and that they operate properly. good luck.
     
    -jeffB likes this.
  13. DUNK 2

    DUNK 2 Well-Known Member

    Good advice, but I have a different opinion and perspective about increasing the percentage of PMs in an investment portfolio as you get older.

    I have always been of the opinion, especially as you approach retirement age, that investments of any sort that are subject to higher volatility should be reduced and “parked” in investments that aren’t subject to wild swings in value.

    Just my 2 cents.
     
  14. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    Well I want to do what is best for me and my family as I get older. Maybe open a business one day Icollectoldmoney Would be the name of the store.
     
  15. GUSTAVO LARRANAGA

    GUSTAVO LARRANAGA New Member

    there are plenty of opportunities to flip coins for a profit the key is to find a source and learn the secondary market.
     
  16. DUNK 2

    DUNK 2 Well-Known Member

    Please let me know when you figure out the market for anything, let alone coins. . . I’ve been trying for many years! ;)
     
  17. myownprivy

    myownprivy Active Member

    I think the main reason most people buy pms (usually gold due to lower premiums and easier storage) is to preserve their money, not make money. Gold has at least kept up with or surpassed changes in inflation and the cost of living. That's why the standard recommendation is 0-10% of one's savings/investment into precious metals.

    I think it's too big of a gamble to buy have anymore above 10%. And I think it's unwise to pay the high premiums that silver bullion have.

    That's why I try to never pay more than 5% above spot for anything.
     
  18. juris klavins

    juris klavins Active Member

    investment silver (see below) is different than insurance silver (junk silver coins and commercial bullion) - your choice :D

    1996-ase-new.jpg
     
  19. -jeffB

    -jeffB Greshams LEO Supporter

    historical-gold-prices-100-year-chart-2018-01-11-macrotrends.png
    Gold Prices - 100 Year Historical Chart

    If you (could have) bought in the 1930s, you would've waited until the 1970s to break even with the cost of living.

    If you bought between 1979 and 1989, you would've waited until 2007 to break even with the cost of living.

    If you bought near the peak in 1980, you're still waiting.

    You cannot look at a chart like this and determine what the next 10, 50, or 100 years will look like. But I'm not one bit convinced that a climb is more likely than a drop. I stand to make some profit if higher prices come, but I'm staking very little on that outcome.
     
  20. 2011steeny

    2011steeny Member

    This answer really depends on the type of investing commitment your looking to get into.

    If you're looking for long term investment possibilities, or short term investment possibilities.

    Are you going to purchase only silver bullion, or are your purchases going to include coins as well? If so, what type of coins would you plan to get, modern, world, ancient, etc.?

    What type of budget do you have planned to make this jump into your investment? Are you already financially secure enough to take the leap into PM investments?

    Most importantly, is this something you want to do so your investment now will be for YOU to make money, or is it to help your children later in life?

    These are just a few things to consider before you start this wild ride into silver investing. I could possibly give you a little more insight, if I knew a little more about what you really wanted to do.

    Either way, Good luck!
     
  21. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    I am looking to do a investment to better my sons life.When he gets older nothing to really make money on.Just want to have a collection to pass down to my son and Grandkids one day.
    Thanks,
    Tyler
     
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