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<p>[QUOTE=&quot;bafflez, post: 811668, member: 22174&quot;]<b>coins vs. bullion</b></p><p><br /></p><p><br /></p><p><br /></p><p>You&#039;ve been to this website, right?</p><p><br /></p><p><a href="http://www.coinflation.com/silver_coin_values.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinflation.com/silver_coin_values.html" rel="nofollow">http://www.coinflation.com/silver_coin_values.html</a></p><p><br /></p><p>One of my strategies to get silver coins is I just post an ad on Craigslist offering to buy coins, where I offer to tell them what the coins are worth even if I don&#039;t buy them.&nbsp; This way I&#039;m giving them something for the trouble of contacting me.&nbsp; </p><p><br /></p><p>90% of the people who contact me are a waste of time, but I get a great coin for every 1 in 10 contacts lately.&nbsp; All I do is look up prices in the redbook for them.&nbsp; Once we establish a dialogue, I drive out to see what they have (usually 2 in 10 will get to this point), I then cherry pick what I want, and tell them what the rest is generally worth.&nbsp; Everyone is happy.</p><p><br /></p><p>You can also just search ebay for foreign coins in Silver and have a copy of the Standard Catalog of World Coins 1901-2000 (37th Ed. 2009) on hand.&nbsp; I snag good deals on coins this way a lot.&nbsp; I always look for a seller with free shipping.&nbsp; Works for me.</p><p><br /></p><p>A previous message said buy 100oz. bars, which is as close as you&#039;ll get to a large quantity of metal at spot all at once, I would concur.&nbsp; Problem is, when you buy 100oz. you have to sell 100oz. and people who buy and sell&nbsp; 100oz. of silver are a smaller community of investors.&nbsp; Selling 1oz. bullion coins might seem like a higher investment, but you can still dump them one coin at a time.</p><p><br /></p><p>I used to be all about Silver Eagles and bullion coins, but you can find silver everywhere much cheaper.&nbsp; Ebayers regularly sell bags of silver quarters and dimes around spot price with free shipping if you look around.&nbsp; There are scrap lots on ebay as well, but make sure they aren&#039;t tossing other crap in with it.</p><p><br /></p><p>This is a good reference for the ebay silver spot price, rather than use the Daily London fix, it&#039;s a truer representation of what people are actually willing to pay for physical delivery of silver bullion:</p><p><br /></p><p><a href="http://www.goldprice.org/ebay-silver-prices/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.goldprice.org/ebay-silver-prices/" rel="nofollow">http://www.goldprice.org/ebay-silver-prices/</a></p><p><br /></p><p>As for the 90% silver coins vs. Bullion debate I look at it like this:&nbsp; A 1900-O Morgan silver dollar that I picked up for $15 the other day has a melt value of [FONT=Arial, Helvetica]<font size="2"><span style="color: #000000">[FONT=Arial, Helvetica]<font size="2"><b><a href="http://www.coinflation.com/coins/1878-1921-Silver-Morgan-Dollar-Value.html#meltvalue" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinflation.com/coins/1878-1921-Silver-Morgan-Dollar-Value.html#meltvalue" rel="nofollow">$11.9111</a> </b></font>[/FONT]</span></font>[/FONT]today.&nbsp; The Redbook lists the coin in G-4 condition at $18 and MS-64 at $60 - I bought it because I felt it was a high grade coin for a low grade coin price.&nbsp; </p><p><br /></p><p>So, even if Silver tanks, that coin will still be worth about $60 from a numismatic standpoint even if silver is $9/oz. again - if I have the G4 coin, it&#039;ll most likely be worth closer to $9 or less - this is that whole argument that as the coin grade goes down the close it comes to approaching the spot price for it&#039;s metal content.&nbsp; </p><p><br /></p><p>So, as time goes by that MS-64 Morgan I picked up will most likely appreciate in value above the $60 price in the book.&nbsp; So there&#039;s an argument for cherry picking quality coins above spot silver price (even 2-3 times spot price) vs. silver bullion accumulation.&nbsp; Sure it&#039;s more work, but the investment payoff seems higher to me as time goes by,</p><p><br /></p><p>As for me, I do both.&nbsp; I pick up whatever turns out to be the best deal for me at that time and place.&nbsp; Sometimes it&#039;s bullion, sometimes it&#039;s high quality 90% silver coins.&nbsp; That&#039;s why I call myself a Cherry Picker.</p><p><br /></p><p>Just my 2 cents.</p><p><br /></p><p>-baff.[/QUOTE]</p><p><br /></p>

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