Why do rounds, bars and mass produced foreign silver ounces sell for more then rminted silver coins?

claychaser

I noticed at recent coin shows dealers asking for spot + $1 or more for mass produced rounds, bars and foreign made silver "coins". Yet US 90%, BU Canadian 80% silver dollars, etc. goes for barely melt, sometimes even less.

Why? If I want to stack up some silver, I'd prefer silver coins issued by a major government and trust their weights and fineness more that the mass produced stuff. It would be pretty hard to produce mass quantities of passable fakes for BU 1964-D dimes or quarters, for example. Yet I read about issues with the mass produced stuff all the time, drilled out bars, etc.

If wear was an issue, BU rolls of US and Canadian silver coins seem pretty cheap. At one time, this stuff sold for a premium over spot.

Why the market shift?

derryb

mass produced rounds, bars and foreign made silver "coins" are normally more than 90% silver and therefore more in demand.

90% silver US coins are one of the cheapest ways to stack silver. In addition, their supply is limited, no more will be created.

bronco2078

@claychaser said:
I noticed at recent coin shows dealers asking for spot + $1 or more for mass produced rounds, bars and foreign made silver "coins". Yet US 90%, BU Canadian 80% silver dollars, etc. goes for barely melt, sometimes even less.

Why? If I want to stack up some silver, I'd prefer silver coins issued by a major government and trust their weights and fineness more that the mass produced stuff. It would be pretty hard to produce mass quantities of passable fakes for BU 1964-D dimes or quarters, for example. Yet I read about issues with the mass produced stuff all the time, drilled out bars, etc.

If wear was an issue, BU rolls of US and Canadian silver coins seem pretty cheap. At one time, this stuff sold for a premium over spot.

Why the market shift?

. Its a sea change in bullion investing , in the old days stackers would pray they made money when they sold. New age stackers literally refuse to profit by carefully choosing to stack items that are produced by the millions , sold for an unearned premium and also heavily counterfeited .

Baley

When an investment is stale, it helps psychologically to call it a "collection"

In a similar vein, our family is a lot happier with our back lawn since we started calling it "the meadow"

CaptHenway

@claychaser said:
I noticed at recent coin shows dealers asking for spot + $1 or more for mass produced rounds, bars and foreign made silver "coins". Yet US 90%, BU Canadian 80% silver dollars, etc. goes for barely melt, sometimes even less.

Why? If I want to stack up some silver, I'd prefer silver coins issued by a major government and trust their weights and fineness more that the mass produced stuff. It would be pretty hard to produce mass quantities of passable fakes for BU 1964-D dimes or quarters, for example. Yet I read about issues with the mass produced stuff all the time, drilled out bars, etc.

If wear was an issue, BU rolls of US and Canadian silver coins seem pretty cheap. At one time, this stuff sold for a premium over spot.

Why the market shift?

Wear is an issue, as junk silver averages 1-2% light by weight, and some "slicks" can be around 7% light by weight.

Also, the fact that it is 90% fine rather than .999 fine means that some potential buyers will want to have it refined first.