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I'm never going to buy .9999 Canadian Silver again.
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<p>[QUOTE="krispy, post: 2027248, member: 19065"]Wait a minute! I thought you were "never going to buy 9999 Canadian silver again"?</p><p>What happened? </p><p><br /></p><p>Don't think you won't get other coins from APMEX or JM or other dealers you buy from directly that are problem free bullion. It's really common with bullion to get spots, rub marks, tiny scratches, even right out of the tube sealed by the Mints that package them. We kinda covered this already in this thread, but these "coins" are not produced in the same manner of care as are collector editions, Proof coins and the like... even if the bullion coins are limited by a mintage.</p><p><br /></p><p>Also, I would still caution buying odd weights of bullion coins. 1-1/4 ounce is uncommon. I would stick with 1 ounce and 5 ounce pieces. As much as I like Libertads, I steer clear of their 2 oz. coins, too. Larger bars for things like 10 oz. through to 100 oz. or 1 kilogram bars are better, if boring. Some Mints produce kilo coins as well, but I'm not sure those are wise investments either. They are hard to sell off, compared to bars from well known refiners. </p><p><br /></p><p>These Mints are making so many products they keep trying to offer fractions below the 1 ounce range to entice people on smaller budgets and those who may think trade in silver coins in fractions is beneficial compared to full ounce coins (should the world or commerce ever come to it). But that's why junk-silver coins are better for that and the amount you get out of the cost to obtain them. And now there are these odd denominations and fractionals above the 1 ounce mark doing the same. I think the fractionals, while costing you more of a premium and making the Mint more bank, are more designed to keep people chasing after all these oddball additions and collectibles but they really offer poor value for an investment. Just be careful loading up on odds and ends like these.</p><p><br /></p><p>That's just my thoughts and suggestions about them. I know some folks are collecting these things and less about investing, but if you have a coin collectors background, it should direct you to collectible numismatic rarities and such, compared to trendy fads we see following the market cycle of PMs.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 2027248, member: 19065"]Wait a minute! I thought you were "never going to buy 9999 Canadian silver again"? What happened? Don't think you won't get other coins from APMEX or JM or other dealers you buy from directly that are problem free bullion. It's really common with bullion to get spots, rub marks, tiny scratches, even right out of the tube sealed by the Mints that package them. We kinda covered this already in this thread, but these "coins" are not produced in the same manner of care as are collector editions, Proof coins and the like... even if the bullion coins are limited by a mintage. Also, I would still caution buying odd weights of bullion coins. 1-1/4 ounce is uncommon. I would stick with 1 ounce and 5 ounce pieces. As much as I like Libertads, I steer clear of their 2 oz. coins, too. Larger bars for things like 10 oz. through to 100 oz. or 1 kilogram bars are better, if boring. Some Mints produce kilo coins as well, but I'm not sure those are wise investments either. They are hard to sell off, compared to bars from well known refiners. These Mints are making so many products they keep trying to offer fractions below the 1 ounce range to entice people on smaller budgets and those who may think trade in silver coins in fractions is beneficial compared to full ounce coins (should the world or commerce ever come to it). But that's why junk-silver coins are better for that and the amount you get out of the cost to obtain them. And now there are these odd denominations and fractionals above the 1 ounce mark doing the same. I think the fractionals, while costing you more of a premium and making the Mint more bank, are more designed to keep people chasing after all these oddball additions and collectibles but they really offer poor value for an investment. Just be careful loading up on odds and ends like these. That's just my thoughts and suggestions about them. I know some folks are collecting these things and less about investing, but if you have a coin collectors background, it should direct you to collectible numismatic rarities and such, compared to trendy fads we see following the market cycle of PMs.[/QUOTE]
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I'm never going to buy .9999 Canadian Silver again.
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