If you had to start buying PMs all over again...

Zubie

I've found that it was a huge P.I.T.A. to sell off all my coins and bullion to buy a house and was wondering...

If you had to start all over again, what would be the best coins/bars (gold, silver, platinum, palladium) to buy now and sell down the road 5-10-20 years from now.

I'm thinking AGEs and rolls of ASEs along with Apmex bars/rounds. Easy to buy...easy to sell...but, they are so boring!!!!

What would you do?

Julio

90%. Take care. jws

gsa1fan

Anything or person that's a P.I.T.A. (Pain In The A$$) I avoid

PerryHall

Whatever I can get a good deal on and is also liquid---AGE's, ASE's, 900 fine silver coins, bars from recognized makers, etc.

piecesofme

Starting completely over?...only 90%, and if I bought anything else I would make a promise to the family that they would get something of equivilent value each time I did, you know, to discourage myself from buying anything other than 90%. Anything else is nothing more than a pita imo. And that's about as honest as it gets.

gecko109

Zubie, perhaps you did not utilize the right venue to sell your stuff. The BST here is nice for moving moderately priced stuff. But to liquidate an entire hoard of metal, I would have shipped it all to APMEX, or worked out a deal with a local shop.

Wingsrule

I wouldn't change a thing. High quality, brand name .999 with some gold thrown in.

Wingsrule

And I would space out the sales to minimize the tax impact.

CyStater

Out of curiosity, what did you find were the hardest to sell?
I've stuck with mostly AGE's, ASE's, and some generic rounds but have some oddball stuff I bought years ago the I think will be harder to sell. Though I guess at the right price anything will sell.

BTW Love "In Step." RIP SRV

Edited to add:
If I could start over. I wouldn't buy any certified PM's. None. Not that I had/have a lot of them anyway.

agentjim007

Coins are harder to sell. PM's are easy.

derryb

graded AGEs (69s - the certification as authentic may be important years down the road) and raw ASE tubes. I would put the money each month aside and buy only on dips. You may even be able to build enough funds to buy in quantity from someone like tulving.com.

mbbiker

Trying to do the same as you and realized that today even "collector" bullion is hard to get rid of for anything more than melt. With silver at $30 the highest offer I had for raw ASE's was $33, Modern $5.00 proof commem's I can't even get $10 over spot for... When I start over it's going to be almost all 90% bought at melt or a hair less for silver and PCGS/NGC saint's and 1/4 1/2oz Pandas with no more than a 10% premium over spot for the gold.

Justacommeman

1 oz AGE's and ASE's, 1 oz silver and gold Maple Leafs and bags of 90% silver.

100 oz silver bars

and 1 kilo gold bars

All of these I've never had a problem selling. MJ

Baley

Congratulations on your metals investment for your house working out so well, looks like you hit a generally once-in-a-generation opportunity in the asset class, and that the PITA selling it was worth it because you profited handsomely.. starting now, I'm not sure I'd invest heavily in metals for a specific goal 5 or 10 years in the future and count on such a % return again... but what I am buying, based on previous experience getting rid of a "collection" of bullion, is rolls of ASEs and individual PCGS AGEs and APEs

pf70collector

Only bullion I am buying is collectible in demand bullion like always. Other than that, I stopped stacking.

ModernCoin

<< <i>1 oz AGE's and ASE's, 1 oz silver and gold Maple Leafs and bags of 90% silver.
100 oz silver bars
and 1 kilo gold bars
All of these I've never had a problem selling. MJ >>



How are you able to sell 1 kilo Au bars without tax implications? I guess if you have a business or plan on including the sale of the bar on your taxes at the end of the year that's fine, but it seems a lot of people would prefer to keep PMs off their 1040s so 1 kilo gold bars seem like a bad idea to me .

Personally I buy whatever I can for the lowest possible premium, but I will only buy foreign silver or sterling silver at a discount below melt as I know I'll get much less for that stuff when I sale. Everything is liquid in my eyes, just some things you won't be paid very well for so I take that into consideration when I buy.

jmski52

I've found that it was a huge P.I.T.A. to sell off all my coins and bullion to buy a house and was wondering...

If you had to start all over again, what would be the best coins/bars (gold, silver, platinum, palladium) to buy now and sell down the road 5-10-20 years from now.

I'm thinking AGEs and rolls of ASEs along with Apmex bars/rounds. Easy to buy...easy to sell...but, they are so boring!!!!

What would you do?

pm sent

bestmr

I'd stick with what i have now. I started with anything silver, IE war nickles, 40%, ect but I've refined what I buy. I have an album of 1932-1964 Washington quarters, ASE and Kookaburra that I work on as PM's and collectables but most my silver is in ASE, mint and proof sets. The proof sets are nice to look at and sells for a premium. My gold is all slabbed AGE's and maples leafs. A lot of times, you can get one slabbed for the same as one not. Making a box of 20 lol. I am looking for some old gold, like indians and a saint to branch out my collection a little. Always wanted a nice saint and plan to buy one in the next couple weeks.

DrBuster

Hindsight is always a plus. I would have gotten more into gold back in the day, $13-1400 ago. If we're talking right now my current play is fine - gov issue for as close to spot as possible and 90% in Frankies and nice WLH.

Justacommeman

<< <i>

<< <i>1 oz AGE's and ASE's, 1 oz silver and gold Maple Leafs and bags of 90% silver.
100 oz silver bars
and 1 kilo gold bars
All of these I've never had a problem selling. MJ >>



How are you able to sell 1 kilo Au bars without tax implications? I guess if you have a business or plan on including the sale of the bar on your taxes at the end of the year that's fine, but it seems a lot of people would prefer to keep PMs off their 1040s so 1 kilo gold bars seem like a bad idea to me .

Personally I buy whatever I can for the lowest possible premium, but I will only buy foreign silver or sterling silver at a discount below melt as I know I'll get much less for that stuff when I sale. Everything is liquid in my eyes, just some things you won't be paid very well for so I take that into consideration when I buy. >>



I buy both under 10K transactions and over 10K transactions. Some are off the grid and others are not. I would never under report my taxes nor would I have a problem paying taxes owed on a profit. MJ

Zubie

Thanks guys, that is all great advice. I think I'll buy like most suggested and do 90% bags, ASEs, AGEs, Maples and non-premium silver bars (1,10, kilo, 100oz).
Maybe start a Lunar series just to keep it "fun".
Anyway, I'll keep ya posted on the house, but, I won't be buying anything for awhile until we get this house landscaped and furnished.

Thanks again everyone!!!

Tim

DrBuster

Pics of the house? What did ya get - ranch/split/colonial/etc?

Zubie

This is the model, but, it obviously won't look exactly like this...


Looks like this as of yesterday...

DrBuster

Nice! Get a built in safe put in now while you can...?

We built a house years ago, and had to threaten to sue the builder to get our deposit back as we got 24 pages of code violations from our inspector.

agentjim007

Not sure why everyone likes 90% so much. Unless coins are new your getting light weight.

Timbuk3

Common date MS 64 Saints, ASE, 1 oz to 10 oz silver bars.

gecko109

<< <i>Not sure why everyone likes 90% so much. Unless coins are new your getting light weight. >>





Thats already built into the pricing formula of .715 x spot.

Timbuk3

WOW, Tim !!!
That's a beautiful house.

Weiss

I wouldn't change anything other than buying more Ag @$4 and more Au @ $450

I like having variety. If I make 20% on slightly unusual pieces vs 23% on boring pieces, I'll take that risk. Especially since sometimes the unusual stuff brings higher premiums.

And congrats on selling for the house. I think that is a very wise move.

HonoluluDude

probably silver eagles as a starting point.

carew4me

Sealed ASE monster boxes on the dip

Wingsrule

I would never under report my taxes nor would I have a problem paying taxes owed on a profit. MJ

This

mariner67

That is agreat looking home!
Congratulations.

mkman123

I.wouldn't change a thing as what I have is liquidable.

roadrunner

When it comes down to it, most all bullion related items are liquid. Some just take a little more effort or time to liquidate them for a fair value. But this is not
a life threatening condition. We all should have such problems of owning too much "less liquid" bullion.

With the premiums on MS $20 Saints and Libs shrinking to the lowest levels in quite some time over the past 2 yrs, I don't see a lot of downside in Circ-MS65 Saints
nor circ-MS64 $20 Libs. Choice/selected/stickered/pq/etc. MS64 Saints are a pretty good bang for the buck. The keys down the road to what we should pick today will
be based on changes to bullion taxation, documentation required when selling or buying, and even confiscation/restrictions. The closer that one's bullion is to a collectible
(ie a MS64-66 Saint for example) the better your odds of being unaffected by these future change of laws. If I could do it again I'd probably build of set of circ XF/AU $20's of all diff
dates and mints from the 1870's to 1928....no really rare dates that carry more than say 2X premiums to bullion. And a grading set of $20 Libs and Saints from XF40 to MS66
would be interesting as well. But the bulk of one's holdings should be in stuff not far removed from bullion prices and the least likely to be counterfeited down the road.

joefro

<< <i>Nice! Get a built in safe put in now while you can...?

>>



+1! At this stage in building, you can get a safe wider than the doorway in one of the closets. Also helps if the floor is several inches lower (8+) than the surrounding floor to stop dollys. Hehe then again nice large safes aren't that cheap so if you're trying to hold off of new purchases maybe not. False floor in the closet!!!