Secondary Market Silver

Discussion in 'Bullion Investing' started by Bman33, Aug 9, 2017.

  1. Bman33

    Bman33 Well-Known Member

    How many of you don't mind buying secondary market silver? Secondary Market would be coins and rounds that have been obviously handled and no longer BU. For me I want mine in BU but would make an exception for AU Silver Eagles.
     
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  3. Johndoe2000$

    Johndoe2000$ RE-MEMBER

    I like even my generic rounds, and bars to be in pristine condition, but that's me.
     
  4. sakata

    sakata Devil's Advocate Supporter

    Secondary is cheaper. Often when the price drops and Apmex has a sale that is what I buy. Bullion is bullion unless you are not treating it as bullion.
     
  5. Bman33

    Bman33 Well-Known Member

    My concern is the buy back on non-BU bullion coins and rounds. You will get less money for bullion with wear. That is one reason why junk 90% is appealing to me. I don't have jump through hoops to keep it looking good.
     
  6. sakata

    sakata Devil's Advocate Supporter

    Why should you get less? Silver is silver. I would never pay a premium just because a lump of silver ia shiny. All I want to know it that it is exactly what it claims to be.
     
  7. Speedbump

    Speedbump Not a New Member

    If you buy new generic silver and then resell it years later, you are essentially selling secondary market generic silver. Most buyers are not going to give you a meaningful premium for a BU generic round vs. a tarnished one.

    With generic silver, buy whatever is cheapest. , Shiny, tarnished, scratched, doesn't matter.
     
  8. Bman33

    Bman33 Well-Known Member

    I don't think you can ignore silver coins and rounds that are aesthetically pleasing. When selling to consumers some may not care. With dealers they do care because they want it the nicest it can be to catch a customers eye.

    Have you noticed less of a premium on your generic buy back if it is scratched or pristine?
     
  9. sakata

    sakata Devil's Advocate Supporter

    If that is the case then they are not really bullion, but collectibles. I don't buy those because I don't want to pay a premium for them.

    The premium is less when you buy it. I have never try to sell any but on sites such as APMEX they don't seem to care when buying it back, from what I have seen
     
  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    it depends on the use, if simply for investment purposes condition to most people
    Is not important, but if you investing in Silver art, condition would be much more
    Of a factor but regardless for me, anyway i like things in excellent condition but
    It doenst need to be perfect though.
     
  11. Rono

    Rono Senior Member

    Howdy folks,

    Generic silver rounds and circulated silver are fine in their place. They represent more of a pure bullion play with no numismatic premium. You buy them cheaper and sell them cheaper. The one problem you might have is being able to readily sell them as compared with a BU ASE. They're less fungible. Cripes, you can practically sell an ASE at McDonalds.

    As for the variance between premiums, it can be enormous. Here is the link to Liberty Coin Service's quote sheet as of today. Compare the premiums. 5.8% for generic and 19% for BU ASE's.

    http://libertycoinservice.com/wp-content/uploads/quotes/daily_quotes.pdf

    and so it goes,

    peace,

    rono
     
  12. ocjoe949

    ocjoe949 Active Member

    I don't mind them. I don't pay over spot for them when I buy them and don't expect over spot when I sell them.
     
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    It,s a no brain,er ! though i invest in both the silver rounds and ASE,S and just
    about everything else, just to keep a foot in the door, you never know from one
    Minute to the next what,s hot and what,s not..LOL
     
  14. Rono

    Rono Senior Member

    Howdy,

    I concur with assassinator. Geez, I've always stacked a little of everything. WTF knows where the market may go in the future. A wee paranoid part of me also have stacked a goodly percentage of my silver in the form of a 'collection'. Silver crowns from around the world, set of leafs, libertads, etc. 90%, etc. I have rounds and bars.

    It's all good.

    peace,

    rono
     
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    Putting all your eggs in one basket is never a good idea, Diversification is key
    In to keeping a healthy financial future, being employed also help,s :)
     
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