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<p>[QUOTE="Rono, post: 2330008, member: 6492"]Howdy David,</p><p><br /></p><p>It sounds like you've got all the basics. Silver bullion is a weird market due to some of the premiums. At the low end are the generic silver rounds and ingots with the cheapest being those minted at Joe's Mint and Carwash. The best are Engelhard and Johnson Matthey - they're the top shelf of the generic silver. When it comes to coins it get's a bit more odd. Some carry a higher premium due to 'rarity' such as the Panda. Some like ASE's and Leafs carry a bit higher premium because they're easy to sell. And, as mentioned above, coins are safer to buy and sell. And it goes without saying that you can get quantity discounts. This link shows the premiums on a many of the basic coins. It's my local dealer.</p><p><br /></p><p><a href="http://libertycoinservice.com/wp-content/uploads/quotes/daily_quotes.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://libertycoinservice.com/wp-content/uploads/quotes/daily_quotes.pdf" rel="nofollow">http://libertycoinservice.com/wp-content/uploads/quotes/daily_quotes.pdf</a></p><p><br /></p><p>What get's very strange is when the Central and Money Center banks are dinking the paper price of bullion and it diverges from the street price. This results in either higher premiums and/or reduced supply. It's a fairly common micro economic event whenever the price is somehow fixed below what the market feels is correct. Witness the gas price controls under Nixon - no supply because they couldn't get away with upping the premium (price). Witness the liquidity trap the feds have gotten us into with artificially low interest rates. Try to get a mortgage at 3% or so and Mr. Banker is all out of money. However, if you're willing to pay 4-5% . . . perhaps he can find some. This same stuff happen with bullion when you have divergence between what folks believe it's worth and what they 'markets' tell us it is. Either lack of supply or much higher premiums.</p><p><br /></p><p>I note that you're stacking different things and I think that's a good idea. My stash is mostly ASE's and AGE's but I also have a bunch of Prospectors and Engelhard bars; tubes of 1 oz ingots and some 10 oz bars. Also some 90%. I like diversity, particularly with investments.</p><p><br /></p><p>Lastly, because you like collecting coins don't fret terribly if you end up with some blurring between stacking bullion and collecting coins. Feh, the Somali Elephants may be a fad but who cares . . . I like them. Dansco makes albums for ASE's but also for Libertads and Mapleleafs. Why not collect them all? Some folks over the years have collected Silver Crowns with various and sundry Kings and Queens. Very neat to collect but what is the difference between a stack of 8 Reales and a stack of Libertads? Age? Worth? How about in another 100 years?</p><p><br /></p><p>Good luck,</p><p><br /></p><p>And so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 2330008, member: 6492"]Howdy David, It sounds like you've got all the basics. Silver bullion is a weird market due to some of the premiums. At the low end are the generic silver rounds and ingots with the cheapest being those minted at Joe's Mint and Carwash. The best are Engelhard and Johnson Matthey - they're the top shelf of the generic silver. When it comes to coins it get's a bit more odd. Some carry a higher premium due to 'rarity' such as the Panda. Some like ASE's and Leafs carry a bit higher premium because they're easy to sell. And, as mentioned above, coins are safer to buy and sell. And it goes without saying that you can get quantity discounts. This link shows the premiums on a many of the basic coins. It's my local dealer. [url]http://libertycoinservice.com/wp-content/uploads/quotes/daily_quotes.pdf[/url] What get's very strange is when the Central and Money Center banks are dinking the paper price of bullion and it diverges from the street price. This results in either higher premiums and/or reduced supply. It's a fairly common micro economic event whenever the price is somehow fixed below what the market feels is correct. Witness the gas price controls under Nixon - no supply because they couldn't get away with upping the premium (price). Witness the liquidity trap the feds have gotten us into with artificially low interest rates. Try to get a mortgage at 3% or so and Mr. Banker is all out of money. However, if you're willing to pay 4-5% . . . perhaps he can find some. This same stuff happen with bullion when you have divergence between what folks believe it's worth and what they 'markets' tell us it is. Either lack of supply or much higher premiums. I note that you're stacking different things and I think that's a good idea. My stash is mostly ASE's and AGE's but I also have a bunch of Prospectors and Engelhard bars; tubes of 1 oz ingots and some 10 oz bars. Also some 90%. I like diversity, particularly with investments. Lastly, because you like collecting coins don't fret terribly if you end up with some blurring between stacking bullion and collecting coins. Feh, the Somali Elephants may be a fad but who cares . . . I like them. Dansco makes albums for ASE's but also for Libertads and Mapleleafs. Why not collect them all? Some folks over the years have collected Silver Crowns with various and sundry Kings and Queens. Very neat to collect but what is the difference between a stack of 8 Reales and a stack of Libertads? Age? Worth? How about in another 100 years? Good luck, And so it goes, peace, rono[/QUOTE]
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