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<p>[QUOTE="doug444, post: 1482622, member: 38849"]For jcb1983 and rottenapple2, I would NEVER buy bars or rounds, I would buy ONLY junk silver, preferably dimes and quarters.</p><p><br /></p><p>Here's why -- if and when the Crunch comes, you will have to "prove" to a skeptical buyer that your bars and rounds are really silver, not silver-plated, not Chinese fakes, etc. With old U.S. dimes and quarters, no such "proof" is needed. And why would I not buy halves and silver dollars (unless they were underpriced)? Because you want bullion in convenient denominations. If someone agrees to sell you something for a silver quarter, and all you've got is halves and dollars, there's an unnecessary problem.</p><p><br /></p><p>I would not even buy bars and rounds now, even if I could flip them for 10-20% profit. I am suspicious of the multitude of bars and rounds, virtually none of which appear in reference books; the same goes for foreign silver, unless you are a numismatist collecting a date series, like early Canadian dimes, for instance.</p><p><br /></p><p>Simplify your life. The only drawback to junk silver coins is that it's a pain to store, and takes up a lot of room compared to gold. Gold and silver may rise together, but what are you going to do with a 1-ounce gold coin? Who's going to make change? You already see a substantial premium for the 1/10th, 1/4th, and 1/2 ounce eagles. I might eventually buy some gold 1-ounce, but they would be my core holding, the very last thing to be sold (if necessary).</p><p><br /></p><p>Finally, I would never buy a single coin from the U.S. Mint if you are stacking bullion. The premiums over PM value are huge, and a buyer down the line will laugh at your attempt to get that premium back. Let us say you pay $55* for some 1-ounce Mint concoction today, compared to $27-29 for an ounce of silver (as junk silver) today. Down the line, in a panic-driven bullion market, you will be offered the SAME AMOUNT for both items. </p><p><br /></p><p>*Even higher for Proofs in fancy wood cases, etc. WHAT are you thinking? But if you're a coin collector, ignore this warning. I'm directing my remarks to stackers.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1482622, member: 38849"]For jcb1983 and rottenapple2, I would NEVER buy bars or rounds, I would buy ONLY junk silver, preferably dimes and quarters. Here's why -- if and when the Crunch comes, you will have to "prove" to a skeptical buyer that your bars and rounds are really silver, not silver-plated, not Chinese fakes, etc. With old U.S. dimes and quarters, no such "proof" is needed. And why would I not buy halves and silver dollars (unless they were underpriced)? Because you want bullion in convenient denominations. If someone agrees to sell you something for a silver quarter, and all you've got is halves and dollars, there's an unnecessary problem. I would not even buy bars and rounds now, even if I could flip them for 10-20% profit. I am suspicious of the multitude of bars and rounds, virtually none of which appear in reference books; the same goes for foreign silver, unless you are a numismatist collecting a date series, like early Canadian dimes, for instance. Simplify your life. The only drawback to junk silver coins is that it's a pain to store, and takes up a lot of room compared to gold. Gold and silver may rise together, but what are you going to do with a 1-ounce gold coin? Who's going to make change? You already see a substantial premium for the 1/10th, 1/4th, and 1/2 ounce eagles. I might eventually buy some gold 1-ounce, but they would be my core holding, the very last thing to be sold (if necessary). Finally, I would never buy a single coin from the U.S. Mint if you are stacking bullion. The premiums over PM value are huge, and a buyer down the line will laugh at your attempt to get that premium back. Let us say you pay $55* for some 1-ounce Mint concoction today, compared to $27-29 for an ounce of silver (as junk silver) today. Down the line, in a panic-driven bullion market, you will be offered the SAME AMOUNT for both items. *Even higher for Proofs in fancy wood cases, etc. WHAT are you thinking? But if you're a coin collector, ignore this warning. I'm directing my remarks to stackers.[/QUOTE]
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