What is the most effective way to collect Silver Bullion

mach19 · June 8, 2007 9:27AM

And what differnt kinds Are better than others, Bars, coins Ect. Oh yea why don't you guy's & gal's post some for me.

MadMarty · June 8, 2007 9:27AM

If you collect 100 ounce bars you could make one hell of a BBQ pit!!

BlindedByEgo · June 8, 2007 9:36AM

90% silver - dimes, quarters, halves and dollars!

A little loose change I picked up a while ago.

BlackBeard · June 8, 2007 1:10PM

It depends on your intent. If you are of the survivalist type and want silver for bartering, then you should purchase 90% silver coins as you can use small amounts in trade. Otherwise, I just buy rounds, 10oz and 100oz bars. The bars store real nicely as they are stackable. The 100oz bars have a nice heavy feel to them, pretty impressive. My favorite is the Englehard extruded.

SpaceMonkey · June 8, 2007 1:24PM

Bars are cool... if i could only have a Gold Bar like this!

ARCO · June 8, 2007 1:42PM

all silver is good, either bars, rounds or coinage, if the maker is well known and respected / trusted and the price paid is close to bullion price. Bars are best for bulk storage and for large quantities where small amounts are not needed to be sold off. Rounds are good for large quantities, aesthetics and for smaller, yet uniform denomination size that can be bought or sold off in smaller quantities if needed. Rounds offer a great way to both buy silver at bullion, yet collect a wide variety and array of styles, shapes and designs. You can collect them for fun like numismatics yet pay bullion prices.

Lastly, 90% silver coinage has the advantage of being very recognizeable, divisible and would probably be the ideal in a survivalist scenario to be used as barter/coinage/money for either a hyperinflationary or fiat currency collapse. Of the three, bars and rounds need to be cared for more to some degree (more so the rounds) as fellow bullion buyers don't necessarily care for dinged up and scratched to hell bars or rounds. 90% silver can be just thrown into any old container for storage with fewer worries about maintaining the integrity of their surfaces.

I like to look for Walker rolls for my 90% silver. You get a majestic looking half dollar at a bullion price.

Tyler

BlackBeard · June 8, 2007 1:58PM

Here is the extruded version, it looks like I need to replace the Johnson-Matthey 10oz with an Engelhard at some point.
The 1oz looks rather puny next to the 100oz.

derryb · June 8, 2007 2:09PM

I pick up silver eagle rolls on ebay when I can get them cheap enough. Recently bought 10 rolls of 93's at 247.00 a roll delivered.

BlackBeard · June 8, 2007 2:14PM

<< I pick up silver eagle rolls on ebay when I can get them cheap enough. Recently bought 10 rolls of 93's at 247.00 a roll delivered. >>

Nothing wrong with that pricing. Nice buy!

GAT · June 8, 2007 2:27PM

Silver is too bulky, I prefer gold and platinum.

Rob790 · June 8, 2007 2:43PM

Be careful with bars, some smart guys hollow them out and fill them with base metals for a big profit.

I'd stick with smaller coins or medals with reeding on the edge. A lot harder to debase and not as big a profit margin for the smarty pants.

mach19 · June 8, 2007 8:25PM

<< Silver is to bulky, I prefer gold and platinum. >>

I'm On my way up also

fivecents · June 8, 2007 9:20PM

I like the 90%. That way at least I feel like I am buying coins. I try to buy walkers and mercs.

jhusman · June 8, 2007 9:27PM

I buy the oldest 90% I can find. Walkers, Mercs, Occasionally a roll of SL quarters, which is a thrill. I do buy anything, though. I have a mix of bars, 90%, eagles, etc. I also have a lot of liberty commemorative 3pc set. lots of times you can pick it up for spot gold value and get almost an ounce of silver for free.

jmski52 · June 8, 2007 11:13PM

When I used to buy 90% silver, I stuck to halves, and at one time, I bought some rolls of Silver Eagles, but more recently I found a new hobby in buying original BU rolls of 90% coins. Unfortunately, the premiums on these have now jumped significantly, so I am now thinking about my next move............

Back in about 1979, I bought a 20 Balboas Proof, and it was awesome, but I sold it when silver peaked. I notice that these are selling on ebay for not alot of premium, although it does vary, auction to auction. They might be fun to collect.

BlackBeard · June 9, 2007 12:00AM

<< Silver is to bulky, I prefer gold and platinum. >>

Nothing wrong with gold or platinum bullion, although a 100oz bar of either gold or platinum can get rather pricey. I have a 1oz gold bar on the way and it will be my first bar form or non coin gold bullion. I haven't gotten into the platinum yet, but the coins are very tempting.

BBQnBLUES · June 9, 2007 1:14AM

Years ago (B4 I knew better) I collected 1oz Silver "Krugerrands" which were nothing more than a knock-off of the Gold coin..

My goal was to be able to tell everyone I had squirreled away a bag of 100 Krugerrs.. ha

Now I'd rather have a 100oz bar... oh well

Current goal is to put together a $1,000 bag of XF-AU Morgans dated 1878-1899..

mach19 · June 9, 2007 3:28AM

<< Years ago (B4 I knew better) I collected 1oz Silver "Krugerrands" which were nothing more than a knock-off of the Gold coin..

My goal was to be able to tell everyone I had squirreled away a bag of 100 Krugerrs.. ha

Now I'd rather have a 100oz bar... oh well

Current goal is to put together a $1,000 bag of XF-AU Morgans dated 1878-1899.. >>

garsmith · June 9, 2007 4:08AM

<<If you collect 100 ounce bars you could make one hell of a BBQ pit!!>>

At least until you hit melt point

stellar · June 9, 2007 4:18AM

really interested in siver. were you refering to $1000 face. TIA

stellar · June 9, 2007 4:20AM

silver, sorry new here

mach19 · June 9, 2007 4:47AM

<< silver, sorry new here >>

Cladiator · June 9, 2007 5:01AM

If you mean the most cost effective it's a toss up between large sized bars (100oz+ but get name brand only Engelhard and Johnson Matthey) or bags of circulated U.S. 90% silver coinage.

foundinrolls · June 9, 2007 12:53PM

It takes awhile but I like to horde the silver I still get for face value:-)

Overdate · June 9, 2007 3:34PM

I have a few shares of the Silver ETF in my IRA.

I'm thinking of getting them slabbed.

HonoluluDude · June 9, 2007 3:50PM

<< I pick up silver eagle rolls on ebay when I can get them cheap enough. Recently bought 10 rolls of 93's at 247.00 a roll delivered. >>

Geez, the seller got hosed. Nice swipe!

Overdate · June 9, 2007 4:07PM

Silver medals are nice too!

morganbarber · June 9, 2007 9:49PM

My father used to buy $1000 face bags of 90%. I filled most of my Merc and Walker sets with coins from melt bags. As $1000 face bags they are marketable and you pay little premium. In a survivalist mode you could always barter off the coins one by one. All this and numismatic intrigue as well? I would never buy ugly bars or grotesque rounds when real coins are around. (JMO)

Jcarney · June 9, 2007 10:44PM

<< Be careful with bars, some smart guys hollow them out and fill them with base metals for a big profit.

>>

True, I prefer 10 oz. bars over 100 oz. for this reason.

Stork · June 10, 2007 2:37AM

Look at the picture in the first post Nice collection there! I would like to have my own silverhenge some day!

stockergreen · June 10, 2007 4:01AM

<< 

<< Be careful with bars, some smart guys hollow them out and fill them with base metals for a big profit.

I prefer the 1 oz bars.They would have to be real slick to fill them.