What would you choose and why

Discussion in 'Bullion Investing' started by Herberto, Jul 29, 2019.

?

What would you choose if you could pick one:

  1. Krugerrand

    7.7%
  2. Eagle

    28.8%
  3. Buffalo

    15.4%
  4. Maple Leaf

    30.8%
  5. Philharmoniker

    3.8%
  6. I don't care. They are all good.

    13.5%
  1. Good Cents

    Good Cents Well-Known Member

    I understand. Thank you for explaining this!
     
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  3. myownprivy

    myownprivy Well-Known Member

    This is essential information for all bullion buyers. And this is why you should always avoid buying silver that is less than 999. People do not desire impure silver and dealers do not want impure silver because it is more expensive to refine to pure silver.

    Dealers buy Sterling at 80% (or less) of spot.
    Dealers buy 40% halves at 75-80% of spot
    Dealers buy War Nickels at even less.

    However, this does not apply to 90% US junk, as no one really desires to refine that when they can keep it in its easily recognizable form.

    Thus, when buying silver, buy 999 bullion and US junk.
     
    -jeffB likes this.
  4. -jeffB

    -jeffB Greshams LEO Supporter

    Excellent summary. The only slight change I'd make is to recommend 90% equally with .999 at the beginning. In fact, if the .999 is non-standard (a little-known manufacturer or a home-poured bar), you might have trouble getting full value from a dealer, because they're facing the risk that it's mislabeled.
     
  5. Ima Dragon

    Ima Dragon Year of the Dragon

    Queens Beast -the Dragon . Born in the Year of the Dragon .
     
    mpcusa likes this.
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