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My First Set of Coins/Bullion for my Collection
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<p>[QUOTE="illini420, post: 663542, member: 19423"]Well, not sure about the two dollar coins as I really don't collect those, but from what I can see those are both fairly common dates so I wouldn't expect an major appreciation in the short run. In the long term, you'll ride up and down w/ the coin market in general most likely.</p><p> </p><p>For the bullion you paid $1843 for 114 oz. of silver. That's $16.17 per ounce or around $1.00 to $1.50 over melt value per ounce depending on which day you purchased it. If you had to sell today, you'd be losing money on the bars, but would probably be ok on the Eagles as they trade for a slight premium usually. If your motivation is just buying for silver value, i'd focus on buying as close to silver values as you can. With 90% junk silver you can pretty much buy it at spot value if you look enough. Can do the same with bars if you hunt. But if you really like Eagles, then buy those as well since you'll likely get a premium back when selling, but probably not as much as you paid.</p><p> </p><p>I agree with the others though, don't put all your eggs in one basket. Some silver is good and some coins are good too, just don't load up too heavily in one area and you'll have less exposure to trouble. Some too would be even better I think.[/QUOTE]</p><p><br /></p>
[QUOTE="illini420, post: 663542, member: 19423"]Well, not sure about the two dollar coins as I really don't collect those, but from what I can see those are both fairly common dates so I wouldn't expect an major appreciation in the short run. In the long term, you'll ride up and down w/ the coin market in general most likely. For the bullion you paid $1843 for 114 oz. of silver. That's $16.17 per ounce or around $1.00 to $1.50 over melt value per ounce depending on which day you purchased it. If you had to sell today, you'd be losing money on the bars, but would probably be ok on the Eagles as they trade for a slight premium usually. If your motivation is just buying for silver value, i'd focus on buying as close to silver values as you can. With 90% junk silver you can pretty much buy it at spot value if you look enough. Can do the same with bars if you hunt. But if you really like Eagles, then buy those as well since you'll likely get a premium back when selling, but probably not as much as you paid. I agree with the others though, don't put all your eggs in one basket. Some silver is good and some coins are good too, just don't load up too heavily in one area and you'll have less exposure to trouble. Some too would be even better I think.[/QUOTE]
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My First Set of Coins/Bullion for my Collection
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