ok....opinion time

I going to begin to collect some silver. I think I would like to collect coins, so as I can also enjoy the beauty of them. I guess I would like suggestions/thoughts of what coins would be a good investment. Older silver coins (pre 64)....newer 1 oz. Eagles....ect. Open to all thoughts and opinions. Pete

 

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I'll bet most people here will tell you that coins are a very bad investment... except if you can afford expensive rarities.

Just to be clear: do you want to COLLECT coins of numismatic value or do you want to BUY coins for their silver content/value?

 

looking for silver value.....and use as an investment. Just figured that a coin would be easier to sell...than just bars

 

No one is going to be able to tell you what you find attractive or enjoyable, so just pick something that catches your eye and fits whatever standards you've set (price, premium, etc).

As for this "investment", is it safe to assume your purchases will be made primarily for the metal content? There can be great differences between buying metal and buying coins with numismatic premiums. Either way though, it should never simply be assumed that overall values will rise, especially when looking at the big picture.

 

Coins with a numismatic value are a very baaaaaaaad investment. Junk silver is okay as long as you don't find the need to sell for an unexpected emergency.

Chris

 

I understand.....just want to invest in some silver....for the future (I hope)...lol It seems that the ability to sell a silver coin is easier than trying to unload bars. I WILL NOT hold anyones opinion against them...just looking for some opinions of what others are doing as far as silver goes. Thanks

 

also, (you may private message if necessary).....who is a good honest person/place to purchase silver from.

 

I'd personally save my money and invest in gold instead of hoarding silver. Krugerrands are always popular ;-)

 

ok...have a limited budget....$100 per month....is it bad to buy gold by the gram? Thanks guys for tolerating my dub questions...lol

 

Again, if you want something you'll like and enjoy as opposed to simply stashing it away, only you can say what fits the bill.

As for selling, junk vs. rounds vs. bar, there's not that great of a difference unless by "bar" you're talking larger sizes. Perhaps what you need to decide is if you'd prefer premium vs. generic rounds/bars unless taking the non-dollar junk route. Premium rounds/bars, as the name suggests, will usually cost a little more upfront, but unless you need to dump, you should get some to all of that back when selling. Figure out what you like and research to see if it's a good fit.

 

there will be no need to dump it.

 

Sounds like you want to invest in precious metals. There are three ways to do that: bullion, bullion coins and exchange traded funds, which hold precious metals and are traded on the stock exchange as a stock

Buying collectible coins is a rotten investment from my perspective. Yeah, they may go up in value (and they may go down) but even if they go up, other forms of investment stand to give you a better return.

Good luck with your new venture! I'm sure some others will check in with some good advice.

 

Usually, yes... the same can be said for other smaller forms and is because of premiums. If you were somehow able to buy without such larger premiums, then no. Perhaps 1/10th eagles, depending on their source and premium, would be a good fit if you can manage to set aside a little more than $100/mo.

 

@books4coins I couldn't have said it any better. Your second post

 

If you're looking for an actual answer - one of the most common and widely collected coins is the silver dollar. Morgan and Peace dollars in particular.

That said, you should define your goal and exit plan long before buying any substantial amounts.

I would think creating a collection of Morgan and Peace dollars would serve you well down the road.

If and when you decide to sell, a well thought out collection will net you far more than a big pile of random coins. You'll also get a good history lesson along the way.

The downside - most silver dollars carry a premium and collectors will pay it. You won't get it if you decide to take all your coins down to the local cash for gold place. They'll give you a lowball amount - and if this is your exit strategy, you are better off with bullion bars, since you probably won't get any more per ounce.

 

https://www.cointalk.com/threads/si...kers-what-do-you-collect.271812/#post-2293989

 

............... Chris, then your saying instead of buying 1884 cc ms 62pl Morgan I have been looking at..... A better investment would be to go with silver coins instead? interesting now I am not sure........

 

I am also thinking about this. Not sure yet what to collect. My grandpa gave me some silver coins. Mostly quarters, dimes and the ones with Benjamin Franklin on them.

 

My suggestion was directed to the OP, but if you're looking at the 84CC as an investment, I don't think it will be worthwhile in MS62PL. In MS60-62, there are about 400,000-500,000 available, and in MS64, there are about 70,000-90,000 available. There is very little price difference between MS60 & MS63. Personally, I would look for an MS64 in most of the common-date CC's.

The question remains, "Would that be a good investment?" Let me go back and check with my crystal ball.

Chris