better premium

[Thorne]

In your opinion what do you think will pull a better premium. The silver eagle Troy oz or an ounce of junk silver us coins. Actual junk not numismatic valued

 

[BuffaloBoy]

i would ponder to guess silver eagles because even if they are crappy and tarnished, they are always .999 refined silver where a piece of junk silver is only .900

 

[Thorne]

I was considering the eagles for that reason alone. However they are always minted and the silver us coins are not so might be more based solely on rarity

 

[FormerTeller]

IMHO, it's whatever you can buy closest to spot for the metal content...

 

[Thorne]

Eagles are 5$ above spot

 

[maverick]

IMHO, it's whatever you can buy closest to spot for the metal content...

Thats what I was going to say too FT. HH,Maverick.

 

[fistfulladirt]

I know junk 90% can be found at spot or less. The ASE's I just bought from provident carried a $3 premium, and while in the mail, Provident doubled the premiums on their ASE's, (after everything was sold out).
Like someone else mentioned, the ASE's are .999, and will probably always pull the better premium. I have heard that lately 90% Kens are commanding a premium (duh, a lot less wear on those than average 90%).
If silver shoots through the roof, most dealers will pay based on coin weight, I've seen it in the past.

 

[ArkieBassMan]

IMHO, it's whatever you can buy closest to spot for the metal content...

This.

Also, it depends on the future price of silver. As the price of silver increases, premiums usually decrease on key/semi-key/collector coins. On the same note, if silver prices decrease, premiums generally increase. For example, back not so long ago when silver was really cheap, a 90% silver Kennedy half would sell for ~$1.50. Franklins would fetch ~$2.50, and Walkers would bring ~$3.00. Now that the price of silver has risen, all 3 coins generally sell for about the same amount, and a few of what used to be "semi-key" dated coins are now worth the same as common dates.

So, assuming you can buy both junk 90% and ASE's today at an equal price in relation to "fair market value" (and no numismatic value on either), the junk 90% will likely outperform the ASE's if silver skyrockets. If the price bottoms out, you will likely lose less with the ASE's than the junk 90%. If I was buying junk silver, I would always buy older coins (Walkers over Kennedies for example) and/or lower mintage coins when possible. If the price of silver climbs, it won't matter. But if it falls, the older coins will likely be worth more than the newer coins. On a related note: If you sell, sell the newer and higher mintage stuff first for the same reason.

 

[Diver_Down]

If you are looking at ASEs, then focus on the early dates when you can. Not only are you getting the same ounce as other later dates, but the mintages were tiny compared to the present.

 

[Digesting a common clad]

If you want to actually invest in silver I would recommend "electronic" silver NYSE tag (SLV)

 

[GlenDronach]

If you want to actually invest in silver I would recommend "electronic" silver NYSE tag (SLV)

I've heard lots of complaints about SLV. The idea of silver futures, the amount of physical silver they hold, etc.

 

[AdDicted2Ag]

If you want to actually invest in silver I would recommend "electronic" silver NYSE tag (SLV)

I like my precious metal assets completely tangible and in my actual possession.

 

[Digesting a common clad]

I've heard lots of complaints about SLV. The idea of silver futures, the amount of physical silver they hold, etc.

a good point and true, I see physical silver as more of a novelty, it is indeed something to hold in your hands but if you want to invest in the long term but you can make more money on Silvers minor fluctuations, silver had not made a decent move since last February. Myself and 98% of my clients are High-Frequency Traders.



Physical is still a decent investment none the less "different strokes for different folks"

 

[AdDicted2Ag]

a good point and true, I see physical silver as more of a novelty, it is indeed something to hold in your hands but if you want to invest in the long term but you can make more money on Silvers minor fluctuations, silver had not made a decent move since last February. Myself and 98% of my clients are High-Frequency Traders.

Physical is still a decent investment none the less "different strokes for different folks"

I don't necessarily look at precious metals as an investment opportunity, but I know many do. I tend to just view them as a better alternative to preserving my wealth..