To clarify. What 10 oz silver coin can I purchase as close to spot as possible that will also appreciate the fastest/most as an investment. After doing research the winner I found is the Australian Kookaburra. Please share your experiences and opinions. I'm chomping at the bit to buy my first 10 oz coin and I want a good investment.
I think you have two questions here. The 10 oz silver that can be purchased closest to spot would be a generic bar/round. Silver is silver, so it will appreciate no matter what it is, so but it as cheaply as you can. Now, numismatically, you have a different question. If you want a 10 oz legal tender coin, your options are limited, and to be honest, there isn't a lot of historical data to say what the value of these coins beyond bullion value will be. I'd have to say if you want the most "bang for your buck," 10 oz is not a good size to buy - you're more likely to see better numismatic value increase in ten 1 oz coins than one 10 oz coin, based on historical data.
Point well taken and I appreciate the response. This is my thought process although it may well be flawed. As an example, if I can buy a 2013 10 oz Australian Kookaburra for $262 that is cheaper than buying 10 1 oz Kooks. I then see 2011 10 oz Kooks selling for $330 or more. So my logic is I'm minimizing downside risk by purchasing a 10 oz semi-numismatic coin closer to spot while at the same time achieving (hopefully) the same appreciation percentage of the 1 oz Kook. I hope I explained myself clearly and made some kind of logical sense. I'm only on my first cup of coffee.
I see 2011 10 oz Kooks selling for $255 to 300.00. http://www.ebay.com/sch/i.html?_sac...lian+Kookaburra&LH_Complete=1&LH_Sold=1&rt=nc
I'd have to say, once mintage of an issue has stopped, the value will go up a bit since now there is a finite number of the issue. That is likely why 2011 trades for more than 2013. I can still call Australia and order a 2013, the secondary market is my only source for a 2011. It could also be a rarer date as well. $255-300 is $25.50-30.00 an ounce, which is not a terrible mark up over spot (I know you can buy silver more or less at or below spot, but for a minted public coin, I feel that a 20% mark up is in the realm of consideration). There are similar modern coins that have appreciated better.
Now, that being said... it sounds like you want to buy a 10 oz Kook and you want someone to say it's a good investment. I think it is. Just don't get too spendy with it. Most of my silver is held in 1 oz or less units, but I do have some larger stuff as well. It all looks pretty in the vault, right?
You wrote earlier that you expect the same rate of appreciation for a 10oz piece as for a 1oz piece, yet I fail to see how the percentage increase between the two should be linked. If you want a 10oz piece then buy one, but I do not agree that the 10oz would necessarily have as high a percentage increase as the 1oz.
2013 10 oz Kook sells for $265. 2011 10 oz Kook sells for $300. 13% increase. 2013 1 oz Kook sells for $33. 2011 1 oz Kook sells for $40. 21% increase. If my figures are correct 1 oz Kook is better investment. Jester and Tom what silver coin would you invest $300 or so dollars in with the goal of the best ROI over a 2-3 year period? Regardless, if it's a Kook or not.
It's hard to say into the future. From what I've seen, the highest return has been in limited edition coins with low mintages. But I can't say for sure that that trend will hold up - modern coins and bullion are hard to protect. Some stuff is relatively cheap from the mint, then shortly after the mint sells out, the price goes up a fair bit. Once the rush dies down, the price settles down. Non-numismatic coins see this a bit too - the Silver Bullet, Silver Shield stuff went threw the roof when they stopped producing it - everyone scrambled to get their hands on it. Now the prices have come down to better levels. The same thing seems to happen with the ASEs when they release a new version, although some, such as the '06 Reverse Proof, seem to have held value well in top grades. After all of that, here's my recommendation. 2013 is more or less over as far as mints are concerned. You may still find some good stuff, but you may consider 2014 mintages. Look for truly low mintage coins (ideally <5k, and the most <10k.). Buy what you can afford. That said as well, the general consensus is that silver is low right now, and will recover, likely to the high $20 - low $30 range again. You may be best to just buy as much generic silver as you can for $300 and sit on it. I hate to be a buzzkill too, but in the $300 range, you're not likely to find an investment coin that will do much more than match spot and inflation. Heirloom quality coins that are considered to be investment grade are in the thousands of dollars. I collect coins because I like them, I collect silver because it's nice to have a tangible asset that has value other than the fact the government says it does. I collect silver coins to kill both birds. I don't collect either because I intend to make money on them - one has to have a hobby, this is mine.
This is first and foremost a hobby for me as well. I've enjoyed collecting Pandas and have completed a set of Somalia Elephants. I have yet to purchase generic silver and I think your recommendation to do so is a good one. I have been shopping around for 10 or 1 oz bars. I've been comparing prices on eBay and the online retailers. I have yet to visit my local coin store to inquire about generic silver. Is there a place, product or strategy you recommend to get the best price from your own personal experience?
I've had the most success buying silver on eBay when it's a coin that is not commonly thought of as being silver. I've bought silver coins at or below spot. There are a number of guides available as to what coins are silver for a given country. If you don't care about numismatic value, you can find some great deals on junk bin coins. As for bullion bars, I've had the most luck online as well. Shop around - Provident Metals, APMEX, Scottsdale Silver to name a few. You can buy 1, 5, 10, 100 oz bars from all of the above here.
I apologize for my ignorance and for all the questions. Your patience is appreciated. When you refer to "a coin that is not commonly thought of as being silver" can you give me an example(s)?
I had some success with Cuban centavo coins about a year ago - I was buying 10 and 20 centavo coins at or below spot since there wasn't much demand for them. 90% silver.
I vote for the 10oz Kooks if you have set your sights on a 10oz coin. I think they have the best market and they're great coins, well struck and different every year. is a ten oz coin the best way to invest in silver-that's up to you, but if you are going to go that route the Kooks are the best bet.
If you like the Kooks buy one if you want the best deal and return on silver I'd go with a 10 oz. bar . JMHO
