My girlfriend is a cashier part time on the weekends and I showed her how to spot silver coins and since then every day she comes home with a few in her pocket .
Hardly, but I do wish it were true...so much wishful thinking from silver stackers. Wishful. Watch what really happens when you have trouble spending it. No, I don't like what will happen, but who cares anyway?
Precious medals hold value to account for inflation. They are easily traded, easy to store and don’t need upkeep. The dollar isn’t the thing silver stackers are trying to avoid it’s the inflation of the FED spending. People do this with bitcoin, property etc just some see opportunity in silver due to its easily liquidity and steady trends in market. Basically if the dollar is worthless we are all screwed we will be back in the 1500s but accounting for inflation any way other than letting your dollar rot is great 👍🏻
@@Harry_Dunn My comment from a year ago still the same regarding metals: "US Mint-created silver coins are easiest to sell due to familiarity...eagles and junk silver. And Morgan dollars." But I don't put a large percent of my $$$ into metals.
Britannias are really nice, one of the better looking coins out of the commonly known/bought imo. Don’t buy those crap silver rounds, they look like trash and Britannias premium above spot isn’t nearly as bad as Eagles or others. Only a scrub would buy those cheap looking rounds, a true boss only buys coins from a legit mint that look good. Those generic rounds look like absolute sh*t compared to a Britannia.
The barter argument only works if it's with a another silver nerd. Most people will just see that as old pocket change and won't want it especially in a situation where we are bartering.
I like the dimes and quarters best. My intention with most of my stack is to use it as money, so the junk works well. I do have the other 2 types, of course.
@Greg Jacob nah, you use it for its silver value man. It's better for everyday purchases to use the Junk. There's no chopping up of the coins to give change. Why use a whole round when you could buy some bread for three Mercury Dimes?
@@someguy3861 So...what national brand stores do you think will accept silver and at what price. I think NONE. They will go the way the treasury department wants them to. Can't say I blame them. And I wouldn't want your silver in exchange for a loaf of bread. What would I do with a useless old commerce coin?
very cool vid. i have been stacking silver/gold for 15 years and i started with constitutional silver. im finally making enough money to not worry about paying an extra $4 premium for silver eagles. i must say - they are breathtaking. for me, it is worth the extra cost. personally, i do not like rounds - but i do understand the appeal.
Good video. Most of the youtube videos that I've seen that compare silver rounds vs silver coins VS junk silver don't take into account the spread, which is really important. The historical spread is also important. It is interesting to note that when the silver price was at its most recent high in 2011, the premiums on eagles tended to be baked into the price of silver, that is, the premiums were low. The premiums on sovereigns don't necessarily follow the spot price of silver higher. The premiums on all silver (rounds, bars, sovereigns, coins) go down as the price of silver goes up, historically speaking. The opposite happens with gold.
This video helped a lot. I recently just got into precious metals. I started off buying US minted stuff, I probably got ripped off on the premiums but at least I didn't buy a lot. I think I'll switch over to silver rounds so I can save on the premiums
Great video! If you happen to have several coin shops around, it is a good idea to call each of them and look for the best deals. Silver Seeker made a few calls and the difference was interesting.
I would say that local silver currency (as an American, pre-65 coinage) is the superior type to stack, mainly because it is virtually never faked, and cheaper-to-collect fractional silver on a budget. I do like pure single 1ozs, but won't collect as much going forward until I can get a scanning machine
Fact - We don't know and cannot guarantee who, what, where, when, or even if we are going to be selling our Silver to anyone or anything, so the best option is probably to buy all three. From my perspective, the only thing to determine is how you want to weight your stack of the different types of Silver. Diversity in your stack is your friend and its contrary is your enemy. As an aside, I never get as good a price when attempting to sell any Silver from bullion rounds relative to any major government minted bullion. This is true even for dealers that can actively test the Silver. They don't care. They can re-sell the government minted coins for more than they can move the rounds for. Good video!
I buy it all...I do buy the rounds solely for selling or trading up when spot increases. Ex: I bought -out right- the rounds in my stack at around 16-18 ea...I sold some when they were selling for 31-33ea. I'll still buy them now waiting for the spot to increase again.
I buy Generic Silver Rounds and Bars for Utility (when I need a short term loan). I buy Junk silver in preparation for doomsday and I buy the nice Silver Coins such as South African Silver Krugerrands for Holding. I want to get some gold for restarting if I have to leave the country.
Mr. Dragon, first of all THANK YOU for the work you put into each episode. Very informative and very helpful. That said, I’m on a crusade for proper use of the English language. When comparing two things you often use “this vs that.” You (and a humongous number of others) pronounce “vs” as “verse,” I suppose because you’re thinking it’s the singular form of versus, but it’s not. Verse is the singular form of “verse,” a section of a song. Vs has no singular because the real word isn’t a plural…it’s just versus (notice the spelling difference), two or more items being compared or two or more items opposing one another. So when doing those comparisons, it should be “this versus that,” not “this verse that.” Thanks for the time, I’m now stepping down from my soap box.
I stopped stacking dead until the market settles. Right now Dealers are doing all they can to hype the market to over priced Gold and Silver, etc. and every con-man and women in the Business is out in force. It is foolish to fall for the fear mongering! Force them to lower prices!
I love your videos!! May I mention prices vary between dealers. I can usually buy some items much less expensive than prices I see on videos.. a few days later it’s much more expensive. It is important to learn to figure the spread, premiums, and understand the relationship. Different areas in the United States do not have the same support, and supply of metals.
Love your videos man I was literally asking this question to my lcd yesterday before I decide to just buy my first 10ozer due to price, but I'll be getting some coins here soon but will definitely be stacking bits of each!
I only buy rounds and 10oz bars right now. Unless you find someone extremely honest most local shops will barely budge on price when trying to offload. As soon as you show you are knowledgeable they might come up a little for eagles but at the end of the day its all silver and melts down the same. I would definitely experiment with trying to sell some silver before you buy a lot of anything.
I've mainly stacked Government Minted SIlver Dollars and 90% Constitutional Silver, but also own generic Silver Rounds as well. Did most of my accumulation under $20/oz. Up nicely.
Many thank's for showing what your personal best buys are. I agree. I am just a beginner, but getting there, great video & thank's again, B-Lucky n keep up the Informational videos coming, nice one!
I think its absurd for dealers not to pay at least spot for one ounce silver coins and bars, regardless of who made them. I mean, what's the reason for not paying spot on a one ounce piece of pure silver???
The days of buying cheap junk are over. New ASE’s suck and the old ASE’s are priced too high. Glad I started stacking years ago, sucks for the new people.
Personally I see no use for silver rounds. For SHTF-style direct barter or selling to a coin shop, sovereign coins and pre-64s are most trusted. But if you just want raw ounces to sell back for local currency, you may as well stack 10-ounce bars instead. And why the overemphasis on spread? If the economy crashes so badly that we need to sell our physical silver for necessities, then spot's going to be like $75+ and at that point, a few dollars difference won't matter. The only reason to buy a round is to enjoy the design, like Star Trek or David Bowie or the National Parks or whatever.
Only thing you buy when it comes to gold and silver is bars and coins. That's it. Even then, nobody will care about them in a SHTF scenario. We don't get rich buying these, it's a store of wealth/fight against inflation/hyperinflation. Its money insurance. Not get rich scheme.
I stack 10oz bars preserve my wealth. Generic silver rounds are great for just melting and taking the hobby little further. I do have some government coins but those are just used to flip and buy more silver. Pre-64 best way to have some fractional in the stack. I miss the days of buying silver .29 over spot, I really wasn't that too long ago.
I like the type 2’s just fine, but they should be priced equivalent to a Brittania or a Krugerrand. I’d never pay an extra $5 premium for the type 2’s which is what they’re selling for today.
Spread is 5 for Buffalo 6 on maples and 7 on eagles pretty much in my area I usually get maples and eagles if they offer bulk price buffalos are great if you can grab at 3 or 4 great video !!!!
Based on my analysis Silver price per oz was below .50 cents in 1930 Now 91 years was above 40 dolllar per oz price in 2021. That's a compound return of 6.5% year over year, Higher than gold which is 5.6% give or take. Silver is more volatile, and government have never banned the ownership. So Silver for the poor is a good way to go.
I like silver. I like silver for the lowest premium over spot. That being said my beard is getting out of control and im looking at some sterling silver beads that are stupid high on price for the weight but im not shaving. So it is what it is 🤣🤣
Thanks for a great video. That's pretty much how I obtain silver. Lowest premium, and will pay a bit more to buy higher priced coins that are on special, as long as its close to bullion. Don't see the point of buying junk now due to the insane premiums, but as you say, if I can get them near spot I will. In a crisis, the weight of the silver is all that will matter.
If I want to play the silver market then buying a silver miner ETF is a far better play than buying rounds and trying to flip them when silver goes up. Too many dealers and too much middle men eating away any resemblance of profit. I buy sovereign coins for future collectability in addition to silver content. However, compared to other investment vehicles, the dealers really do suck away returns in the form of spread.
I heard pre 1982 copper coins would be very valuable also. Even though there is more of a spread for the rounds now, I am not sure if the junk silver would not be as valuable or more if copper coins pre 1982 shoot up. The rounds seems good but but I am not sure the junk silver will not worth more for the copper and its easier to barter with when dollar dies. at least short term.
My personal experience as a stacker. Pure silver rounds get me more bang for my buck. Because the premiums for purchase are lower. For the same amount of silver that you would get in coins. But coins are good as well, you just have to be careful what you buy. Because some of the coins can have such a higher premium that it's not worth the money. So I have to do research on everything that I buy
silver eagles will ALWAYS be in a league of their own when selling ... i have sold dozens of times in the last year and a half ... eagles were always by far the easiest with the highest premium BY FAR !!! ... second was junk silver ... almost as easy as eagles ... rounds and bars were the hardest to sell ... and yes ALL the coin shops treated foreign like maples and brits the same as rounds ... BUT I ALWAYS GOT MUCH MORE FOR MY EAGLES !!!!!
ASE's sell for more, but are you making up for the $10-$12 premiums? I don't get as much for silver rounds, but I still get over spot. I pay about $5 to $6 over spot but I can get about $2 over spot for my rounds if I sell.
@@josephpeeler5434 at one point i was getting 36 plus for the eagles ... gthat being said ive never paid more than 33 for an eagle (been stacking since (2001- 2002) .. but i need to add ive been told no go on bar and round sales but NEVER on eagles .. i suppose all situations are unique
Honestly I prefer silver eagles over silver rounds because it's really only a $4 difference in price buffalo rounds are 29 bucks and 2022 silver eagles are $32
Watch out for SD Bullion. Called after my first order and asked why I wasn't offered my first purchase at spot which they advertise. The cust rep was rude and condescending. Will not buy from them ever again,
Silver Eagles are only important to Americans. Here in Canada if you try to sell an Eagle you will get generic price. If however we sell the .9999 pure Maple, the buyback is always much higher than spot.
Junk silver all day any day, not only is it legal tender but they aren’t produced anymore, they have some kind of numismatic value, and their premiums are super low.
It depends on your situation. The old saying "we are onlt 2 pay cheques away from homelessnes" comes to mind. If I hit hard times and had a few rounds stashed away, I would gladly flick a 1oz round across the counter at a hock shop for a $20 (Au) cask of port or wine. Not everyone who stacks silver sits with a green counting cap and a computer in a locked room.
