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Silver - what are you buying?

derrybderryb Posts: 36,025 ✭✭✭✭✭
edited April 19, 2022 6:42AM in Precious Metals

Those looking to buy quality silver bullion are surely asking "what should I buy, what are the best deals?" For years I recommended (and bought) silver eagles and 10 oz. Royal Canadian bars. Premiums on both have skyrocked and are providing good returns for those now selling.

However, there are many of us that are still buyers; what should we buy? ASE and RCM bar premiums knock them right out of the saddle in today's market. I'm buying silver philharmonics and Asahi 10 oz. bars. What non-generic .999 are you finding a good deal on?

The decline from democracy to tyranny is both a natural and inevitable one.

Comments

  • MeltdownMeltdown Posts: 8,608 ✭✭✭✭✭

    I'm holding for now. Even after a splunge like today, the premiums are still too much for me to keep adding. I suppose 90% would be my preference if I had to scratch the itch.

  • jmski52jmski52 Posts: 22,269 ✭✭✭✭✭

    The last time I bought silver bullion was a year ago when I bought some .999 buffalo rounds. I was never a fan of generic rounds but the premiums gave me pause. One justification is that if & when the price of silver goes parabolic, the premiums will dissolve anyway, so generic rounds will incur less of a diminishing premium. We shall see. I've been wrong before. B)

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MilesWaitsMilesWaits Posts: 5,297 ✭✭✭✭✭

    My recent Roll buys in the last two years, now few and far between (premiums too high now):


    Now riding the swell in PM's and surf.
  • RobMRobM Posts: 527 ✭✭✭

    For me, mostly modest sized lots of circulated 90% U.S. junk from individuals. But not so much at the 22x FV level that seems to be the very recent going rate for such transactions with spot around $25. I would agree the Philharmonics (and Australian kangaroos) are probably the best deals in government .999 as long as you can find reasonable buyers when you eventually sell. With 90%, lots of people just waiting to pounce on a decent deal, and no need to worry about carefully handling the inventory or explaining to prospective buyer that some may have milk spots, etc.

  • ashelandasheland Posts: 22,567 ✭✭✭✭✭

    @MilesWaits said:
    My recent Roll buys in the last two years, now few and far between (premiums too high now):


    I love that rat! He looks MEAN! :D

  • Klif50Klif50 Posts: 658 ✭✭✭✭

    @derryb said:
    Those looking to buy quality silver bullion are surely asking "what should I buy, what are the best deals?" For years I recommended (and bought) silver eagles and 10 oz. Royal Canadian bars. Premiums on both have skyrocked and are providing good returns for those now selling.

    However, there are many of us that are still buyers; what should we buy? ASE and RCM bar premiums knock them right out of the saddle in today's market. I'm buying silver philharmonics and Asahi 10 oz. bars. What non-generic .999 are you finding a good deal on?

    I am finding the dealers around me are treating Philharmonics the same as silver rounds. Paying about $2 back of spot and selling for $2 or $3 over spot depending on how many you buy. Premiums on ASE are running $8 to $15 over spot depending on the time of day and the attitude of the selling shop. They are buying ASE at about $5 over spot so they aren't buying all that many as far as I can tell.

    I'm still buying 90% and getting some back of melt so that's not bad. I'm not selling any of that so don't have a feel for buyers rates but it must be hard back of melt.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,760 ✭✭✭✭✭

    Most customers prefer bullion rounds. Been ordering more generic ten oz and 100 oz bars, of late.
    Gotta keep a few joeys on hand, too.
    Where the eagles fly


  • DisneyFanDisneyFan Posts: 1,545 ✭✭✭✭✭

    SLV as a trading vehicle to allow me to buy more coins.

  • blitzdudeblitzdude Posts: 5,294 ✭✭✭✭✭

    Yep SLV all the way if you must play in the gutter. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,025 ✭✭✭✭✭
    edited April 19, 2022 3:47PM

    Who has possession of SLV's silver? Does anyone or is it just a promise? Is it leveraged or loaned out or even borrowed? How many parties actually have a claim to it? Can you convert your promise to physical metal? Can the fund fail in a nickel-like crisis? While paper PMs can offer great short term trading opportunity, they are far from risk free when it comes to intermediate and long term dollar protection. Like the paper dollar, paper promises can slowly disappear. The smart move is to convert the short term profits to long term physical; has worked well for me.

    I like to keep my gutters on my house not on someone else's. They divert dollar risk away from me.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • pmh1nicpmh1nic Posts: 3,117 ✭✭✭✭✭

    I just got a kilo bar today just because I was bored and there is nothing much else that is calling my name. My son picked up the package for me. I told him to open it and send a picture. He sent the picture and replied back to him "it's suppose to GOLD!" He didn't think it was funny :). Of course he quickly realized that I might be crazy but not $64,000 crazy.

    The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
  • DrBusterDrBuster Posts: 5,300 ✭✭✭✭✭

    Last buy for me was January

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I have not been buying silver - other than a couple of Mint issues last year.. and those premiums will only be recouped if the collector interest remains or spikes. I did stack ASE's for quite a while, but stopped around 2006.... Cheers, RickO

  • MeltdownMeltdown Posts: 8,608 ✭✭✭✭✭

    Silver sure has taken a smackdown the past couple days... I wish the premiums would subside a bit.

  • bronco2078bronco2078 Posts: 9,961 ✭✭✭✭✭

    premiums rose in the face of the decline at least trying to buy in person I see that. Its still 23x face in spite of a $1.50 drop

    As a seller I find it refreshing to have a little pricing power . Ya buddy I know its down but I'm not dropping my price , you don't have to buy if you don't want to. try again next week

    Buyers and sellers like opposite sides of the ratchet effect. Buyers think spot is down buy prices should come down. Sellers think spot is up sell price is going up.

  • tincuptincup Posts: 4,722 ✭✭✭✭✭

    Premiums sure don't seem to be dropping much... but with the spot drop the last couple of days, does give a little opportunity.

    ----- kj
  • bronco2078bronco2078 Posts: 9,961 ✭✭✭✭✭

    The morgan dollar effect applies to world crowns . I put a row of german 19'oughts funf marks in my booth for 50 bucks each. Mostly bavaria and prussia they are circs so it feels like a reach but we shall see

    Ive noticed buyers balk at 23x for 90% but then pay 36x for BU franklins . I normally wouldnt think they would sell now but oddly enough they are.

  • DNADaveDNADave Posts: 7,238 ✭✭✭✭✭

    I’m not buying bullion products at this time. Did find these quarters today at the flea Mkt for 600.00. The 1964 halves were $10 each. I can be a buyer like that.

  • bronco2078bronco2078 Posts: 9,961 ✭✭✭✭✭

    I would like to buy 80% silver
    1 rand or aussie round 50s but you never see that stuff .

    :/

  • jmski52jmski52 Posts: 22,269 ✭✭✭✭✭

    I would like to buy 80% silver
    1 rand or aussie round 50s

    But, why? Are the margins that good?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • bronco2078bronco2078 Posts: 9,961 ✭✭✭✭✭

    @jmski52 said:
    I would like to buy 80% silver
    1 rand or aussie round 50s

    But, why? Are the margins that good?

    No i just like them :D

    I dont think they are available in quantity anywhere

  • LukeMarshallLukeMarshall Posts: 1,883 ✭✭✭✭✭

    1966 round 50c Are a super popular 1 year issue in Australia and very liquid.

    At 80% Silver and 20% copper they contain about 1/3 of an Oz of Actual silver weight.

    Also the Pre-Decimal coins that are .925 Sterling, the Florin is similar that 3 of them make a full Oz.

    You could find a dealer in OZ and buy tons of this like 90% over here

    It's all about what the people want...

  • bronco2078bronco2078 Posts: 9,961 ✭✭✭✭✭

    I need to check back into the aussie silver stacker forum .

    Shipping to australia is brutal i suppose its not as bad from there if the dollar is still holding up

  • Mike59Mike59 Posts: 294 ✭✭✭

    It’s been hard to pull the trigger at these prices. Went to LCS in February and he had a roll and half of uncirculated 1986 Engelhard prospector rounds and 2 rolls of G-VG SLQ at 21x so I bought them. Gotta feed the addiction a little.

    MIKE B.

  • bronco2078bronco2078 Posts: 9,961 ✭✭✭✭✭

    Thats a great price on the slq take all he has B)

  • Mike59Mike59 Posts: 294 ✭✭✭

    @bronco2078 said:
    Thats a great price on the slq take all he has B)

    That’s what I did but since Feb it’s been edging up. Same Junk today is $24

    MIKE B.

  • johnny9434johnny9434 Posts: 27,329 ✭✭✭✭✭

    I'm holding as well. If silver goes down then I'll add

  • streeterstreeter Posts: 4,312 ✭✭✭✭✭

    I just had a registered USPS box of 25lbs of 90% delivered. I'll see them Monday when I get back into town. All rolled in 1955-64. I have to contain myself until I can see what is in the rolls. I know the guy who rolled them and put them away 50+ yrs ago.

    Have a nice day
  • DNADaveDNADave Posts: 7,238 ✭✭✭✭✭

    @streeter said:
    I just had a registered USPS box of 25lbs of 90% delivered. I'll see them Monday when I get back into town. All rolled in 1955-64. I have to contain myself until I can see what is in the rolls. I know the guy who rolled them and put them away 50+ yrs ago.

    That’s the way to do it !

  • CoinHoarderCoinHoarder Posts: 2,381 ✭✭✭✭✭

    I am buying very little at these prices. Mostly small purchases of hand picked 90%, and nice looking “cull” silver dollars.

  • blitzdudeblitzdude Posts: 5,294 ✭✭✭✭✭
    edited May 25, 2022 6:59PM

    I'm still buying gold. No gutter. THKS!!!

    The whole worlds off its rocker, buy Gold™.

  • meluaufeetmeluaufeet Posts: 746 ✭✭✭

    Philharmonics

  • SoldiSoldi Posts: 2,013 ✭✭✭✭✭
    edited May 26, 2022 3:04AM

    Any good silver deal, mostly gold, but not so much that I don't earn elsewhere.
    Rare Coins are failing to tow the $200 to $1500 line.

    There's no demand pull look for nice stuff to become a bargain or languish in dealer cases.

    This ought get it going here

  • rte592rte592 Posts: 1,387 ✭✭✭✭✭

    I got a few bricks in the other day @ 3x or 4x spot.

  • tincuptincup Posts: 4,722 ✭✭✭✭✭

    I consider any silver bars, coins, bullion for purchase that have a reasonable price (lowest premium above melt). Unfortunately that means I haven't been buying much silver lately, as premiums are more than I can feel good about.

    It would seem that gold would be a more reasonable purchase to me.

    ----- kj
  • ike126ike126 Posts: 802 ✭✭✭✭✭

  • zski123zski123 Posts: 256 ✭✭✭

    @derryb said:
    Those looking to buy quality silver bullion are surely asking "what should I buy, what are the best deals?" For years I recommended (and bought) silver eagles and 10 oz. Royal Canadian bars. Premiums on both have skyrocked and are providing good returns for those now selling.

    However, there are many of us that are still buyers; what should we buy? ASE and RCM bar premiums knock them right out of the saddle in today's market. I'm buying silver philharmonics and Asahi 10 oz. bars. What non-generic .999 are you finding a good deal on?

    I agree the ASE's premiums are insane. What's even crazier are the premiums on cull common Morgans. I'm selling these are replacing with generic silver rounds or a Canadian, Australian 1 oz when I get them under $28.

  • pmh1nicpmh1nic Posts: 3,117 ✭✭✭✭✭

    The only things I have been buying are silver coins with a design I like in ones or twos. As far as stacking bars and rounds. I haven't purchased any ASE in a couple of years and haven't got a clue who is buying them.

    The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
  • softparadesoftparade Posts: 9,266 ✭✭✭✭✭

    Uncirculated fine bullion. If it ain't fine it ain't mine.

    ISO 1978 Topps Baseball in NM-MT High Grade Raw 3, 100, 103, 302, 347, 376, 416, 466, 481, 487, 509, 534, 540, 554, 579, 580, 622, 642, 673, 724__________________________________________________________________________________________________________________________________ISO 1978 O-Pee-Chee in NM-MT High Grade Raw12, 21, 29, 38, 49, 65, 69, 73, 74, 81, 95, 100, 104, 110, 115, 122, 132, 133, 135, 140, 142, 151, 153, 155, 160, 161, 167, 168, 172, 179, 181, 196, 200, 204, 210, 224, 231, 240

  • kiyotekiyote Posts: 5,568 ✭✭✭✭✭

    I picked up one of these guys

    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
  • ARCOARCO Posts: 4,296 ✭✭✭✭✭

    I have been buying the Pamp Suisse 10 OZ.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,760 ✭✭✭✭✭

    More. A vague answer to the question.

  • JWPJWP Posts: 16,539 ✭✭✭✭✭

    I've been trying to concentrate on bullion. I just bought a 1 kilo bar of silver for less than $24 an ounce. waiting for it to be delivered. :)

    USN & USAF retired 1971-1993
    Successful Transactions with more than 100 Members

  • jmski52jmski52 Posts: 22,269 ✭✭✭✭✭

    I just bought a 1 kilo bar of silver for less than $24 an ounce. waiting for it to be delivered. :)

    Considering recent premiums, I'd say that you got a reasonably good deal. ;)

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • CoinnmoreCoinnmore Posts: 155 ✭✭✭
    edited June 16, 2022 3:15PM

    I picked this up recently but cant remember what I paid for it but it came from the maker. I am sure it was full retail but does it really matter? Looks nice. If i remember the name of the Art bar artist I will post it. Cant remember how much silver it is cause its listed on the back but I dont have a picture of the reverse.

    The other is from a melter by the name of Ragnarok out of texas.

  • PppPpp Posts: 453 ✭✭✭✭

    Besides buying generic sheets of silver bars and tubes of rounds I picked up the stuff in the picture.

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