jim4silver
Silver Member
- Apr 15, 2008
- 3,662
- 495
One of the few coin purchases I've made that have NEVER lost money are the full sheets I've purchased of Chinese silver pandas. Since around 2011 I started buying one or more full sheets each year. The 2016 comes 15 coins to a full sheet (they came 30 to a full sheet in the past).
I know many like to buy the cheapest silver to "stack". But one good thing about have a little semi numismatic stuff is that if you need to sell some to raise $$$ when silver is down, something like this will probably make you a profit instead of taking a loss. In the past a few times when I needed to raise some $$$ and silver was down I let go of some of these and always made some profit, even just a year or two later. I always buy them current year only when they are cheapest.
I have not obtained my 2016's yet and my local stores are about 3 bucks per ounce more than I'd like to pay. I've never bought online but I've seen them for sale at the right price with free shipping, so I may need to try that route this year.
I would not recommend building a large part of one's stash with silver pandas, but having a sheet or two put away is like guaranteed profit if you can hold them a couple years (or more). These coins have so far increased in value irrespective of the price of silver (the ones bought when silver was at $30 and less).
Here is what the 2016 sheet looks like
PS I'm not recommending the company in the link, I've never used them but considering them (along with 2 other companies).
Sheet of 15 - 2016 30 gram Chinese Silver Panda 10 Yuan .999 Fine BU In Capsule (Lot, Roll of 15) | Bullion Exchanges
Just my opinion.
Jim
I know many like to buy the cheapest silver to "stack". But one good thing about have a little semi numismatic stuff is that if you need to sell some to raise $$$ when silver is down, something like this will probably make you a profit instead of taking a loss. In the past a few times when I needed to raise some $$$ and silver was down I let go of some of these and always made some profit, even just a year or two later. I always buy them current year only when they are cheapest.
I have not obtained my 2016's yet and my local stores are about 3 bucks per ounce more than I'd like to pay. I've never bought online but I've seen them for sale at the right price with free shipping, so I may need to try that route this year.
I would not recommend building a large part of one's stash with silver pandas, but having a sheet or two put away is like guaranteed profit if you can hold them a couple years (or more). These coins have so far increased in value irrespective of the price of silver (the ones bought when silver was at $30 and less).
Here is what the 2016 sheet looks like
PS I'm not recommending the company in the link, I've never used them but considering them (along with 2 other companies).
Sheet of 15 - 2016 30 gram Chinese Silver Panda 10 Yuan .999 Fine BU In Capsule (Lot, Roll of 15) | Bullion Exchanges
Just my opinion.
Jim
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