Poll: Where would your money go?

Cladiator

With all the talk of silver lately lets do a fun poll. If you were to buy some silver today...what kind would you get? Feel free to reply with types of silver that aren't in the poll.

Freak1c

Engelhard and JM if I were buying today. I would do the SAE's but the price is too high for 1 oz.


Freak

cullenbryant

Silver eagles, if silver ends up circulating again
these will be preferred

Coxe

None of the above. I'd buy up raw 1921 and 1921-D Morgan dollars and 1922 and 1923 Peace dollars in circulated grades. They sell for a reasonably consistent premium over melt, are legal tender, and are full of many interesting die varieties that are visible in nearly all grades.

BECOKA

I would actually do a combo of world Silver Bullion. You can get most of them for a little less than U.S. ASE's and they are all roughly the same metal content so why not get a variety of designs?

Cladiator

Coxe,

I think you're strategy would fall into the 90% silver U.S. coins choice.

Lakesammman

None of the above. Limited upside. Would rather own a rare coin.

BECOKA

<< <i>None of the above. Limited upside. Would rather own a rare coin. >>



I agree, that said I will stick to rare gold coins and buy silver bullion. I just like the seeing lots an lots of silver. Since I can't buy that much gold i might as well get something worth keeping for the long haul.

cullenbryant

<< <i>I would actually do a combo of world Silver Bullion. You can get most of them for a little less than U.S. ASE's and they are all roughly the same metal content so why not get a variety of designs? >>



from a collectibles point of view that makes sense, but will the savings now be worth it when the bulliion is redeemed for good/services?

cladking

There's lots of neat silver you can pick up for next to nothing (over spot). World silver
can be scarce yet cheap. Modern world silver has great potential. 35% war nickels are
under spot. 40% halfdollars have great downside protection. The old silver art bars
are often beautiful and can have collector value. Franklin Mint medals often go for spot.

Much depends on why you're buying silver in the first place. If it's a short term speculation
than silver eagles or 100 OZ bars are a good form but if it's for a long term hold than why
not try to get a little more bang for your buck and get something made in limited quantity
or which might appeal to future collectors.

Also for long term holds it's a good idea to go through and trade off the things which have
appreciated for more silver that hasn't. If the price decreases than trade off the stuff which
suddenly becomes more valuavble than spot for a larger amount of other silver. When the
price goes up then trade bulk silver for something which used to be worth more than silver
but the rising price has turned it into bullion. By trading like this over time you'll own silver
with good downside protection and have more than you started with.

Cladiator

What's the equation for figuring a dollar value for circulated/worn 90% silver coins? I used to know it but now can't remember. Was something like "face value x .715 x spot = buy price" or something to that effect. Anyone know?

Coxe

<< <i>Coxe,

I think you're strategy would fall into the 90% silver U.S. coins choice. >>



Ah, yes, of course.

kiyote

Kookoburras sell for like $16 at my coin shop-- way too pricy to buy in an quantity. For fun, I want to build a world bullion set with one oz coins, but for serious investing, I have to agree with Coxe-- 1923 circulated peace dollars are really attractive at barely above spot.

SlangNRox

I like the 100oz Engelhard silver bars.
I also have a few SAE rolls, 90% pre 1964 silver etc, but its hard to beat holding a big silver bar in your hand.

messydesk

Big-ass bars. Most cost effective way to buy silver.

Steve27

I went with the 90% US silver, but I would look for older coins which would retain most of their value if silver falls.

OKbustchaser

The same way I have been buying silver for the last 40 plus years...U.S. bust and seated coins.

MORGANHUNTER2

In order of why I want to hold..

Morgans- later financial gain(when I'm dead)
SAE's bullion and Proofs- when silver tops 30+ I sell
Bars- 10 oz each in multiples of 10= 100 oz.- same as the bullion.


the next question should be - how much do you have in 99/90/40...

cohodk

None of the above.

I would rather trade the ETF. I see no reason to hold the physical metal, unless one were to buy silver coins with numismatic value.

The biggest advantage of the ETF is that I can also go short. Why should I only play one side of the market? It's like playing only 1/2 a football game.

netrubicon

I think its wise to buy silver that can be liquidated easily if you have the desire to do so. The 100 oz Engelhart bars are an easy way in and out of silver with little to no premium. For long term holdings, I would consider rolls of 90%, but these are harder to sell than E bars.

RedTiger

<< <i>None of the above. Limited upside. Would rather own a rare coin. >>



I voted for 90% silver. As for upside, "junk" silver has outperformed "rare" coins for the past five years. The PCGS 3000 market index of premium grade rare coins are up a modest 20 to 25%, and junk silver about 100%. Of course a select few rare coins have done much better than the PCGS average, however, other rare coins are down for the five year period.

Whether the next five years will be similar, nobody knows, but it would not surprise me. "Rare" coins may be fun, but people looking at resale [or investment] should not fool themselves into thinking they are sure to go up.

Cladiator

I wonder why it is that Engelhard silver rounds don't get as much respect as Engelhard silver bars do. Same silver, same company.

MrEureka

I'd buy Franklin Mint proof sets. One day, they will be rare and valuable.

Cladiator

TTT for anyone who missed the poll.

Barndog

I prefer the 1.35 gram disks of 89.25% pure silver. I especially like the disks with the lady on the front and the bird on the back.

Cladiator

krazy kernal

Millertime

Since I have ASE, Chinese Pandas, Australian Kookaburras, Lunar and Kangaroos I went with the combination. I would finish off all the holes I needed in these sets then I would also add the Maple Leafs.

Millertime