Silver Rounds or Silver Coins?

Bman, an older crowd as you mentioned will most likely IMO want 90% junk silver and ASE's. The older crowd trusts the silver made by a Goverment issue right about now. I can see and agree with Zombucks for the younger crowd and new cool looking round such as the prospector, skullbones, and animal crest designs.

ST

 

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As a member of the older crowd, I prefer to buy coins that are silver. Coins can always have numismatic value, while rounds, except under rare occasions are just worth their melt value.

 

More important than what you buy, is the price you buy it at, and the potential value downstream. Bullion is bullion. What you are talking about are premiums on collectible items.

The downstream potential lies in whether you plan to sell it to a dealer, sell it yourself as bullion or to a collector, or pass it down to your kids.

I don't discriminate. I'll buy any piece of gold or silver as long as I can recognize it, test it and weigh it. Sterling flatware, bullion, jewelry, coins & medals, whatever. You want out of your metals? I'm your huckleberry. There are some wonderful surprises sometimes when you buy "melt" and find a rare date coin, something uncirculated, or a premier brand (Tiffany & Co).

If that piece has additional collectible value - it must be taken into account as well as condition. This of course gets away from bullion. Bullion and collectibles can complement each other, but should always be considered separately.

 

We have a friend that owns a coin shop that specializes in buying gold and silver coins and jewelry. I get to pick up some great bargains in coins and my wife gets jewelry at a fraction of what a jewelry store would sell it for. I couldn't ask for a better arrangement than this. He's rather sell it to us at melt rather than have the expense of mailing it out, getting less than melt, and paying refining costs. It's a win-win for both of us. I guess besides getting collectable coins, we are also closet stackers.

 

I have a silver refinery that will pay me 96% of spot for my silver. I sold them some 40% Kennedy's and some rounds that were in crappy condition. He is my back up if I want to sell and can't find a dealer who will give me spot. The down side to that refinery is I will not get any premiums on SAE's or Maples that I have. So my goal is to sell at my coin club for a little over spot on rounds and a larger premium on the silver coins. I am trying to have an exit strategy down before I do anything. Say my coin club guys don't want any of it, I have a back up if I need to sell.

 

That is an excellent plan! And of course as a last resort, we'll always offer to pay you face value for it any day of the week.

 

There's a book Called "Cash in Your Coins" "Selling the Rare Coins You've Inherited" It's written by Beth Deisher long time editor of Coin World. I enjoyed the book and I've put it with my coin collection to help my wife or children sell my collection if I pass before I sell it..