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<p>[QUOTE=&quot;rrholdout, post: 2839426, member: 89654&quot;]Hi All, new member. The original post compared gold vs silver via premiums and a mention of junk silver. It&#039;s very difficult to pin down an accurate premium comparison because there are so many places to source the bullion. Nice silver gov&#039;t minted 1 oz coins like maples can be gotten just a little above spot if you&#039;re patient and keep your eye out. I personally prefer silver to gold as I think it&#039;s a safe bet silver will rise and ultimately develop a stronger ratio to gold.</p><p><br /></p><p>On junk silver, the premiums are rising fast. Starting to become a bad time to buy. And the trouble with junk silver, though far more liquid than other numismatic investments, is that refiners only pay up to 80% of spot for it by weight - some pay as low as 63%. It has to be examined, sometimes cleaned, and then refined, so that impacts the bid. If the coins are poorly conditioned any potential numismatic premium is basically nil. Now if you can score junk silver for spot that grades higher, even AU - now there you can&#039;t go wrong. But right now I&#039;m only seeing that mostly in foreign coins that remain undervalued. The trouble with foreign silver coins for bullion, is that unless it&#039;s sterling, it&#039;s usually well under 90%, which means the refiner offers even less. When silver spikes, and silver owners want to cash in, 1 oz holders go to the front of the line, and junk holders go to the back - refiners want it least.[/QUOTE]</p><p><br /></p>

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