Are classic silver dollars the worst silver play?

Weiss

Supply and demand, right? They're BIG. They're historical. They're neat.

But they're also about the worst silver play you can make at ~ 17 or 18 x face for XF+ silver face.

Agree or disagree? Are silver eagles even worse? Thoughts? Opinions?

BlackBeard

For bullion investments there are certainly ways to get more silver for the buck. Should silver experience a considerable pull back they will be easier to sell in a falling market than straight bullion. IMHO

Edit: Also, they are more interesting than average bullion.

bestmr

They may be 17x face atm, but I still wouldn't mind more BECAUSE they are big, historic, and neat. PLUS, I like to use one as a pocket piece every now and then.

gsa1fan

I much prefer the silver dollars. May just be prejudice though?

I remember silver spot at $6 silver dollars would fetch $12-13.

I like they stay close to melt compared to ASE's. JMO

OnlyGoldIsMoney

The silver dollars that come with 1984 and later commemorative sets are usually not too costly. On ebay I'll buy a common set like the 1984 Olympic for the $10 gold. The two silver $1 coins in the set are often a bonus at little additional cost.

cohodk

Paper silver has outperformed physical by a very wide margin. Better to buy SLV or leverage and buy AGQ. Or calls on both.

But a bag of morgans is really cool.

calleocho

Playboy has some nice pictures as well Cohodk ...but nothing beats the real thing

mkman123

lol @ calleochos comment.

I think silver dollars are neat but the high premium deters me. However they are popular and fairly easy to sell BUT you must sell them when the price of silver is high because when it drops, the price drops considerably. What worries me a lot is the stories of all the fake chinese silver dollars that are made pretty well. Imagine if the chinese release thousands of these for silver value and you get taken! Remeber the PCGS article of that chinese guy who has a factory, I am sure he could turn out thousands for pennies on the dollar.

I like silver halves, quarters, and dimes because you can get them close to silver price but sometime soon I MIGHT pick up some silver dollars for some diversity.

gsa1fan

I would not think a fake would ring when you thump it like a real silver dollar.

BBQnBLUES

What's not to love when you talk about holding a big ol' silver coin that's 100+ years old

I'm still stashing away problem free XF-AU Morgans dated 1899 / earlier...

Someday hope to complete my "bag of 1,000".

Investment wise ?¿ who cares... it's just cool...

Wolf359

I figure they'll be the new currency when the US Dollar collapses.

So, I would recommend they be hoarded.

zrlevin

I have a few silver dollars in my hoard, but I prefer other forms of silver with less of a premium.

ttown

<< <i>Paper silver has outperformed physical by a very wide margin. Better to buy SLV or leverage and buy AGQ. Or calls on both.

But a bag of morgans is really cool. >>



I haven't seen any evidence in paper silvers outperformed physical. You brought and held for a decade and physical would be ahead in the long run IMO although I haven't really went and researched. Look at the last down turn silver under $9 what was physical well the margins increased and everyone was complaining they just weren't selling any for that price and the little out there you were going to wait months for delivery it was well over $12 an ounce. Forget about the 1000 oz bars they couldn't be had. On the upside the margins close. These are two different markets. ASE right now are close to $20 still although you purchase bigger sizes and you can get better deals.

As far as buying and selling on a regular basis doing calls/puts and trading no doubt the ETF's are cheaper but then again the musical chairs stop and one goes to near zero and the other takes off to the moon IMO. You get more with an ETF but your risk is much much greater IMO. It all depends on if your trying to preserve wealth or add to your wealth in the environment. I trying to preserve wealth.

Like been said people collect theses they don't ETF's. If silver were to fall to 3 or 4 dollars an ounce they still cost 3 or 4 times the paper price. Sounds like good insurance to me....................................

MMR

I like them, and agree with the previous comments that these will become the new currency after the dollar collapses.

tydye

I never cared for them both as silver and as a coin. For silver too much of a premium. As a coin too common. I do however favor them for playing poker with.

Steve27

At 17-18 x face for XF coins they're probably not a good investment, but I've been able to buy BU Peace dollars for 17 x face, which I consider to be a bargain. If silver goes up they go up, and if silver goes down they hold their numismatic value.

jmski52

jmski doesn't utilize silver dollars for silver investment becauser of the higher premiums, which are most likely to be subject to dealer subjectivity when the subject proceeds one day to sell the subject silver dollars in question.

KUCH

SO, a pre 65' Kennedy half in XF-AU is worth 18X = $9.00

Sounds like alot, til you go buy some gasoline and it pays for 2.26 gallons here in my area. How much gas could 9 bucks get you in 1964?

laserart

about 9 gallons as I recall, maybe a bit less.