[ARCHIVED THREAD] - Another Silver Thread (Page 1 of 3)
Posted: 3/18/2014 3:55:52 AM EDT
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So silver rounds are $1.71 less than eagles. Buy rounds or eagles?
or 90% bags? Poll coming |
| When silver is at $100 and it's time to sell, no one will care that you have Eagles. They will be an ounce of silver like everything else. People who claim otherwise do so because they either have a vested interest in selling them to you or they bought Eagles themselves and have to try and tell themselves they are really smart. |
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Quoted:
You'll be better off with ASEs in a SHTF economic collapse situation, because they're identifiable as legit 1oz silver. If you're just buying silver as an investment/inflation hedge, it doesn't matter. That part is debateable due to Chinese counterfeits. In the end most buyers will have to test it to be sure in dire shtf times. I own some ASE's but I personally hate paying the marked up premium. Lately I have been buying 10 ounce Sunshine Mint bars. |
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That part is debateable due to Chinese counterfeits. In the end most buyers will have to test it to be sure in dire shtf times. I own some ASE's but I personally hate paying the marked up premium. Lately I have been buying 10 ounce Sunshine Mint bars. Quoted:
Quoted:
You'll be better off with ASEs in a SHTF economic collapse situation, because they're identifiable as legit 1oz silver. If you're just buying silver as an investment/inflation hedge, it doesn't matter. That part is debateable due to Chinese counterfeits. In the end most buyers will have to test it to be sure in dire shtf times. I own some ASE's but I personally hate paying the marked up premium. Lately I have been buying 10 ounce Sunshine Mint bars. True. I haven't been following the silver market closely, didn't know the counterfeits had become that common. |
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True. I haven't been following the silver market closely, didn't know the counterfeits had become that common. Quoted:
Quoted:
Quoted:
You'll be better off with ASEs in a SHTF economic collapse situation, because they're identifiable as legit 1oz silver. If you're just buying silver as an investment/inflation hedge, it doesn't matter. That part is debateable due to Chinese counterfeits. In the end most buyers will have to test it to be sure in dire shtf times. I own some ASE's but I personally hate paying the marked up premium. Lately I have been buying 10 ounce Sunshine Mint bars. True. I haven't been following the silver market closely, didn't know the counterfeits had become that common. That's one of the reason I won't buy silver on e-bay unless of course they are a legit dealer. A lot of people have been burned like this. |
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If SHTF in a big way it will make little difference what form your Silver or Gold is in. Zero. When we get to that point you will be cutting up coins to pay for things. Silver is silver. Gold is gold. SHTF no one will trust anything anyone says.
Now up until that happens. The more well known brands will be slightly easier to swap, sell, etc. When I buy, I buy cheep. Bars, non descript rounds, bulk...etc. why would you pay a premium on metal to sit in a box for god knows how many years. Little to zero numismatic value. Perfectly happy with bars and shot. In before the "how do you test purity" freaks. Easy. Melt it. What do think happens at the smelter. 
I will pay my 2-3% later. |
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I agree with either bars or rounds. I will say that Merit seems to be the cheapest right now. It seems that 90% stuff ends up costing considerably more. Why is that? Just research Merit before placing an order. My brother had major headaches getting his order filled. |
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I like 2014 Eagles.
Why that over rounds or 90%? Well, your prospective buyer of rounds may demand that they be assayed for their content. The Chinese have been faking rounds. Why over the pre-65 silver coins? Well, the Chinese have been forging those too.  Bastages!
There's a lot of fakes out there and some are even sealed in plastic cases. |
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The 2014 Maples have a very small '14' micro-stamped in a small maple leaf, need +10 magnification to see it. Also they have fine lines in the design, nearly impossible to counterfeit. Quoted:
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Why Canadian Maple Leaves over American Silver Eagles? The 2014 Maples have a very small '14' micro-stamped in a small maple leaf, need +10 magnification to see it. Also they have fine lines in the design, nearly impossible to counterfeit. And a ASE is face value $1 U.S. The Maple is face value $5 Canadian, so for face the Maple is worth more if Silver bottoms completely. Really I like 90%, Morgans, ASE, Maples, Libertads, Britannias, and Philharmonics. |
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And a ASE is face value $1 U.S. The Maple is face value $5 Canadian, so for face the Maple is worth more if Silver bottoms completely. Really I like 90%, Morgans, ASE, Maples, Libertads, and Philharmonics. Quoted:
Quoted:
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Why Canadian Maple Leaves over American Silver Eagles? The 2014 Maples have a very small '14' micro-stamped in a small maple leaf, need +10 magnification to see it. Also they have fine lines in the design, nearly impossible to counterfeit. And a ASE is face value $1 U.S. The Maple is face value $5 Canadian, so for face the Maple is worth more if Silver bottoms completely. Really I like 90%, Morgans, ASE, Maples, Libertads, and Philharmonics. Good to know. |
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Quoted: The 2014 Maples have a very small '14' micro-stamped in a small maple leaf, need +10 magnification to see it. Also they have fine lines in the design, nearly impossible to counterfeit. Quoted: Quoted: Why Canadian Maple Leaves over American Silver Eagles? The 2014 Maples have a very small '14' micro-stamped in a small maple leaf, need +10 magnification to see it. Also they have fine lines in the design, nearly impossible to counterfeit. |
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Quoted:
I like 2014 Eagles. Why that over rounds or 90%? Well, your prospective buyer of rounds may demand that they be assayed for their content. The Chinese have been faking rounds. Why over the pre-65 silver coins? Well, the Chinese have been forging those too. Bastages!
There's a lot of fakes out there and some are even sealed in plastic cases. I'm not in the metal game, but if you bought silver from an outfit like APMEX, rounds, bars, etc. and left them in the package (sealed) would there be a charge in addition to the buy/sell spread to assay, etc., when you sold it back to them? Of course, if you're trying to barter your way across the border you might have a problem. |
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Let me change my purchasing habits immediately. Never know when I will need to liquidate for $5 under spot at a pawn shop. Quoted:
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I help in my buddies pawn shop. We take junk silver and American eagles only. That pretty well sums it up for me. Let me change my purchasing habits immediately. Never know when I will need to liquidate for $5 under spot at a pawn shop. If You want to sell, the EE is a great place and if something is priced fair, it sells quickly. |
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In a SHTF scenario, who's to say silver or gold will be worth anything? Bullets and beans will be the trading commodity. SHTF won't cover the whole world most likely. If You load a back pack full of Silver and Gold and sail to somewhere else, You have currency. Besides, it is more used as a store of wealth It can also be used if the dollar collapses and until a new form of currency is put into use. |
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If You want to sell, the EE is a great place and if something is priced fair, it sells quickly. Quoted:
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I help in my buddies pawn shop. We take junk silver and American eagles only. That pretty well sums it up for me. Let me change my purchasing habits immediately. Never know when I will need to liquidate for $5 under spot at a pawn shop. If You want to sell, the EE is a great place and if something is priced fair, it sells quickly. Obviously you probably don't need a pawn shop so therefore you are being obtuse. However the point is...why are you buying silver? For an investment because you are confident that the economy and monetary system will be fine and you will turn a profit...or you have it for asset protection because you believe in a shtf event on any level such as economic collapse. If you are thinking more of the prepper scenario then you better pay attention to what will trade with locals and individuals. If you think people are comfortable with unfamiliar currency and unknown rounds then go for it. |
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You pay a premium for the coins, but you can also sell them at a premium. I like coins because they're recognizable and pretty to look at. I mix up Eagles and Maple Leafs. BTW, APMEX is having a sale on Silver Eagles. $2.79 over spot. Better than their usual price. Ends at midnight. |
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APMEX 1oz bars....10 pieces for $219.99....Deal or no deal?? ETA: Free Shipping also I've bought from apmex with good results. About what I would pay locally and quick shipping with great CS. I had an issue with a unauthorized CC use the day they tried to ship and they called and got it cleared up pronto. |
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You pay a premium for the coins, but you can also sell them at a premium. I like coins because they're recognizable and pretty to look at. I mix up Eagles and Maple Leafs. BTW, APMEX is having a sale on Silver Eagles. $2.79 over spot. Better than their usual price. Ends at midnight. Merit has them for $2.50 over spot with free shipping Maple Leafs for $1.90 over spot with free shipping |
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Quoted: Why Canadian Maple Leaves over American Silver Eagles? For me, paranoia. Since ASE's are technically an American currency, they could have more leverage to recall it from circulation (like gold coins in the depression). Crazy? Not much worse than most SHTF fantasies.
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