Silver coins or Bars/rounds?
laxmaster92
Posts: 777
Which is a better way to hold silver and which is easier to sell?
There are pros and cons for each. What is your opinion?
There are pros and cons for each. What is your opinion?
0
Comments
I prefer 90% silver US coins that grade VG or better. No real logic there, that's just what I like.
At the current prices I'd love to find some decent, pre-'64 silver coins at 9X face but it's not going to happen this weekend!
ASE Rolls
10 oz. bars
1 oz. bars
100 oz. bars
90%
............
"Generic Silver-Rounds" are my least favorite. They can be
difficult to move in some markets.
But the bars also are harder to get rid of, the 100 oz'er anyway.............10's and less arent very hard.
1. The fineness is unquestionable.
2. Buy or sell in very small / medium / or large lots.
3. Readily available with a strong and broad based market. See if you can find bars.& rounds right now.
4. Lowest buy / sell spreads among various forms
5. In the worst of times - IT'S STILL MONEY! YOU CAN SPEND IT.
<< <i>I like:
ASE Rolls
10 oz. bars
1 oz. bars
100 oz. bars
90%
............
"Generic Silver-Rounds" are my least favorite. They can be
difficult to move in some markets. >>
agree. engelhard bars and JM bars are the easiest to sell and most
trusted. bars all the way. ASEs i have found have too much of a premium :-|
50% 1 oz. rounds
50% 10 oz. bars
1 50 oz. bar
I considered what would be best when it comes time to sell and figured that 1 oz. rounds are small enough to sell small amounts of silver and I figured the rounds may have a slight premium over the bars. I bought the 10 oz. bars because I think they are the perfect amount of "significant" silver fitting just right in your hand and there good for selling moderate - large amounts of silver. Then I just bought 1 50 oz. bar because its the perfect "hey look what I got" piece to show off to friends while not worrying too much about the possibility of it being filled with a cheaper metal.
as far as actually using these for trade/barter in conjunction or in place of fiat money, then 90% silver preferably 1964 kennedy and roosie dimes and washington quarters, then ASE then rounds, then 10oz bars for filling up the RV.
"What about a 1000oz bar? "
I don't hear much about the 1000oz bars. Do have a good link to one for sale? That would be one huge chunk of silver!
link
edited to add I do not know this person.
<< <i>"What about a 1000oz bar? "
I don't hear much about the 1000oz bars. Do have a good link to one for sale? That would be one huge chunk of silver! >>
just go to an online silver seller such as ampex. they will get you a
1000 oz bar.
<< <i>so generic silver rounds arent good for holding physical silver >>
it is not that it is "not good", it is not the most trusted thus it falls
to the bottom of the ladder when it comes to what people want
when purchasing.
i can tell you right now i would rather have 100 oz of engelhard
silver, a trusted name everywhere, then the "morgan mint" 100-
1 Oz rounds.
it is that type of thinking. the engelhard will fetch a 50 cents more
per ounce premium when selling. just look at ebay for example.
unknown sells very close to spot. engelhard gets a premium.
which would you rather have? ;-)
roadrunner