Discussion in 'Bullion Investing' started by alucard86, Jul 17, 2019.
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If they were sold their total weight at spot, @ $15.75 per ounce = $11.81.
If you are paying less than $10 that sounds like a bargain.
What on earth are you talking about?
Canadian silver dollars have .6oz asw for $9.45 worth of silver at today's spot of $15.75.
Under $10 is not "a bargain," it is paying spot. Where did you come up with $11.81?!?!?!?!?!?!
Buy American junk for a couple percent over. Sell for a couple percent under.
Buy Canadian junk at spot, sell for 5% under.
It's usually the same spread for you as the buyer and them as the dealer. So don't think you are getting some wonderful deal.
Canadian junk is great, in that the asw is a nice round number, .3 for halves, .6 for dollars, etc. whereas American junk is not a nice round number. But besides that, the drawbacks are there are fewer potential buyers of Canadian junk than American junk. However, I do like some of the designs.
My own stack has mostly American but some Canadian. I agree, Canadian dollars are much better to buy than American dollars, because Peace and Morgans just have far too high of a numismatic/collectible value attached to them that you will never recoup when selling to a dealer.
I'm still on the fence with the Canadian quarters (80%). I also won't touch the dimes b/c for the price I'd rather have the US dimes (90%).
Actually, few bullion buyers like 35% of 40% silver. The reason is because the buy back price is awful. For instance, when a 40% half's melt value is $2.25, you can expect a dealer to pay $1.75. That's over 20% below spot!
So that's wonderful if you bought your 40% silver at spot. So your margin is buy at 0% sell at -20%. That's bad.
Except I don't sell. I stack and stack and stack. I have no intention of ever selling. Same with the foreign silver, bullion, 90%, gold. So, no loss, ever. I've had what I've bought for over 40 years and continue to increase the stacks. In a hundred years if someone wants to sell it at a loss, that is up to them.
You're lying to yourself.
If there is an emergency, you will sell. That is why you stack.
If there is never an emergency and you pass on your stack to loved ones, they will sell or hold for an emergency and then sell.
No matter what the scenario, they will be sold at some point by you or by someone important to you. And if you buy things with bad spreads, you are only wasting money and shortchanging your loved ones.
I've been collecting and stacking for over 40 years. I've had plenty of emergencies, including deaths, house fires, an earthquake that caused a sink hole that swallowed half my house and a car, still have every coin I've ever collected. Since I bought the coins (at whatever price) and then pass them on to loved ones -- they get them for free, so although the coin will be sold for a loss (by them), they are not losing anything. They got them for free. Perspective!
Over here on the West Coast I have to wait for someone to post them online for sale before I can get my hands on Canadian coins (other than pennies). Get coins from Mexico on a regular basis, but that's it.
always traded at more of a discount than US silver. (This was, of course, in the US.) I assumed at the time that US refineries could process known-composition 90% US silver more easily than other compositions, but the bottom line was that there was more demand for US 90%.
I bought a good bit of Canadian silver (80% and .925) during that period. Needless to say, I didn't get rich on it.
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