Are the 90% mint proofs a decent start to silver buying

[digit13]

I've seen some ok prices locally and was just wondering. I know the eagles are better but these are cheaper. I'm also wondering about the 5 qtr proofs. Thanks

 

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[usandthem]

Are you into collecting coins or silver? If I were trying to stack silver I'd stay away from proofs unless they were really cheap.

 

[Jason in Enid]

What he said.... If you are stacking, just go for common 90% coins. IF you are collecting then go for the proofs.

 

[bradyboy]

As a " former " silver investor, I can offer some advice
I made a killing a couple years ago in silver
The previous replies are correct.
Question - what is your interest in silver?
Coin collecting for your pleasure of collecting silver as an investment?
18 yrs ago, I started buying uncirculated modern eagles direct from the mint for 9.00 - 10 .00 each
I went crazy on them
I also shopped around for silver ingots for the best price, I Had pounds and pounds of it in my safe.
For years I would never pay more then 9 -12 a coin or ounce.
I was addicted to going to flea markets looking for deals on silver, morgans and eagles
The end of this story is - I never paid more that 12.00 and ounce
Couple years ago I found buyers to take the silver off my hands for around 42.00 an ounce
Aprox profit of 30.00 an ounce
For investment purposes, I would consider Ingots
As for me, Due to the current metal market, I wont touch metals,
I made a fortune on speculation.
Have been a coin collector most of my life.
Feel free to contact me if you like
Brady

 

[digit13]

Thanks. I should have been more detailed in the post. I do collect a few coins but I was thinking long term on silver. I guess the proofs are a convenient but costly choice. Other than a few eagles I bought and sold a few years back I've no experience. The other ones mentioned I assume you mean pre-'64 coins? Again, thanks alot. Very helpful replies.

 

[digit13]

All of these replies made so much sense. I'm in it for the long haul and got that "collector" streak in me as well. I had the same wonder about eagles and other .999 stuff. Does it matter that much on grade. I assume the answer is pretty much the same. Lowest price and premium. I'm using the detector as exercise but I'd love to get some found silver. Brady, I read your post several times and found alot of info in that paragraph. I'm awaiting some surgery but will be going to a show close to here in Feb. thanks folks,

 

[fistfulladirt]

Thanks. I should have been more detailed in the post. I do collect a few coins but I was thinking long term on silver. I guess the proofs are a convenient but costly choice. Other than a few eagles I bought and sold a few years back I've no experience. The other ones mentioned I assume you mean pre-'64 coins? Again, thanks alot. Very helpful replies.

I think you meant pre-'65. 1964 would include 90% silver also.