Time to load up on silver bullion coins?
Cougar1978
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Outlook for silver bullion coins? The bull market last month fantastic. What do you see down the road?
Many collectible issues out there. Fun to chase.
Mexico Libertads garnishing collector interest. How bout you ASE enthusiasts?
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I love me some Mexican Libertad’s and about ready to give an earlier model from the 80s to a young collector.
Fantastic.
Bought a bunch slabbed ones about 2 yr ago. Then that bull run. Sold a few, helped pay for some new glasses and a few CACG barber halves. Some of the Mex Libertad key dates $2000 and above (slabbed 69). Ques many investors ask will silver skyrocket? Loaded up on some slabbed Morgan’s back then but their performance not as much.
in this market, either be a dealer and get what you want or be retail and only buy ase
Yup bought some 70 CACG ASE lately.
Clearly, the time to load up was a year ago.
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Honestly hard to say. Given the HUGE haircut sellers were being asked to take by dealers worried about volatility and backups at smelters during the frenzy in January, and given the still wild volatility, no matter what I thought about silver long term, I'd be reluctant to buy at the ask, given how wide the dealer bid/ask spread is right now.
Cougar, what are the key dates in the MS silver Libertads?
1998, 2025?
I don’t see how buying now at record highs makes sense. Why didn’t you load up at $4/oz, $10/oz, $15/oz over the endless years it was stuck at those levels?
And when you say fun to chase, what are you chasing? The potential it goes up to $125+/oz, or key dates at/near now record high spot? Basically all silver eagles are worth the same right now, so buying rolls of 1996s might be the smartest if prices crash, but they’re gonna be a hard sell at $90-$100 each if silver drops back to $30/oz.
I normally don't try to discuss price predictions ... and I am absolutely sure someone will call me out on this later if I'm wrong ... but I dabble in speculative markets (and do okay). So, I always have quiet ideas.
The way I see it today, based on inflation, interest rates, etc, I think the 80. level for Silver is becoming a pretty safe floor area. I also find it hard to imagine 30. again, possibly even in my lifetime. I suppose dropping back to 50. could happen without too much issue, IF the market turns, but I wouldn't bet on that in the current climate.
Lots of us probably still have low $/per oz. stacks @1madman , especially based on current prices. That doesn't mean the idea of stacking doesn't make sense when the right opportunities, quantities and price points present themselves.
My 2c ... YMMV
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I agree with most of that, especially when you start by cautioning "speculative markets". People are almost always buying stocks, for example, at or near the all-time highs because stocks have been increasing consistently for 90 years. Occasionally, you can buy the dip on a correction, but if you are putting money into a 401k on a weekly or biweekly basis, 90% of the time you are at or near the all-time high.
That said, stocks rarely have years where they go up 100% like silver and to argue that because it just went up 100%, you should load up, seems highly speculative. Of course, the past performance isn't the reason you buy any asset. And if silver goes up 10% in the next year, it's a good buy now. But, it is hard to swallow the suggestion that "now is the time to load up" after a big move has already happened. [I know, not yours but the OP's point.]
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In this age when chaos rules there is no certainty in anything and lots of risk in everything.
I don't see a collapse in prices like in 1980 and 2012....but I think there is clearly resistance to buying silver at triple-digits.
It will take some time to base in the $65-$95 range before we make an assault on new ATHs.....IMO.
All of those Libs seem to be pricey....I know, I just bought a few at FUN 2026.
Those 5-ouncers can be especially pricey. You have some dedicated collectors/registry players and limited mintages means HUGE premiums even with silver near $100/oz.
The January $121 high will stand for many years. Contrast silver with gold which has returned close to its highs.
I'm waiting to make any bullion additions, while I expect a small bounce silver will go lower than you expect -- I will be buying then. I will continue to buy numismatic coins with no though of metal prices.
Take a look at their CDN CPG. That data came out about 18 mo to 2yr ago. Have been meaning take note on that. In meantime will research (review CPG) give better answer. I know of 2 fairly early dates they around $2800 in 69 I believe. Would say no on 2025 but possibly on 1998 but need to review. Also noticed bidding on the series (1oz) seems more aggressive. There are several better dates. About 2yr go was picking off common date 70’s at around $68 when that pricing data came out. What I need is hunker down make a list of all…They are beautiful high demand coins and make excellent gifts especially to a GF.
This crossed my path and I had a looky~see. Without known a thing about the coins I followed it's $1,502 close
"This special edition 90th Anniversary set from the Banco de Mexico Mint pictured is up for this low start auction.comes with everything pictured.
PAY ATTENTION!! Set includes REVERSE PROOF 1 OZ 2015 LIBERTAD!!
Also 1 OZ 2015 PROOF LIBERTAD
Also 1 OZ UNC .
Hate to start as a low auction but be the high bidder for this marvelous set of only 1000."
https://www.ebay.com/itm/117037713234
Buying isn't the problem, finding a dealer that will pay when it comes time to sell. PM as we have recently learned does mean much if there's no buyers paying reasonable market prices.
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You have to define "reasonable". $10 back at $90 is the same as $3 back at $30 and actually better than $2 back at $15.
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I was inquiring at a local B&M shop recently about their buy price for 90%. They are not buying silver coin now because "the refiner is backed up" they say. Then I hear some babble about IF they were buying 90% at this time, the minimum amount I would need to bring them to buy is $10 face, and their buy price would be 35x face even though silver spot was just north of $80/oz when I was asking my questions.
The silver market is a joke, a sorry bad joke. I see many a B&M having to shut down their shop for the reason of lack of business in the coming months and years.
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Yes, the spread is insane, the wait for post-dated check payment can be 2 to 3 weeks or longer and the minimum requirement continues to increase.
And the shop owners I talked to are constantly busy (barely answering the phones) and making more money than they ever have. One laughed and said if he actually paid in cash, he would be out in 10 minutes or less.
And by the way, these criteria are quoted for high-end silver only (Eagles, Maples, etc.)
So dealers are taking your silver today March 4th, and handing you a post dated check for like March 24th? Who would do business with that kind of an operation? The guy literally has to go and try to sell your silver and generate cash before you get paid.
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This makes no sense at all (that a coin shop would offer 35x, but isn't actually buying).
Any shop owner with any business sense would buy all they can at 35x and sell it all on eBay at 55x (which is what it is currently selling for there). Even after eBay fees, they would net 10x profit or more.
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Well, some do, some don't. Not all dealers throw things on eBay. And many dealers are unwilling to take the risk of bullion shipping. But, I generally agree.
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Like most things in life, buying well is most of the battle.
I like value on silver, but it's very easy to overpay with huge premiums on some items today...
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A lot of dealers seem perfectly willing to ship precious metals to refiners (when said refiners are taking it in).
Shipping small lots via eBay sales seems reasonably safe overall.
If somebody listed 90% silver coin at 45x in the BST forum, how long would it take to sell ?
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They are mainly numerous early - mid dates. One would need to make a list. They are valued in CDN CPG under Mexico. My focus has been on the 1 oz pieces. Auction bidding can be competitive. It appears a number of players are interested in this area whether stacking or working on dates.
That was an IF they were buying number I heard. IF they were buying. Does my remark make sense now that i've pointed out to you what I actually wrote? I don't think they do ebay at this shop. Are you actually getting 55x face for your 90% on ebay or is that your wish price?
Einstein’s view of God was non-traditional and pantheistic, focusing on the harmony, order, and intelligibility of the cosmos rather than a personal deity. His quotes reveal a profound respect for the universe’s mysteries, a belief in rational laws, and a moral philosophy grounded in compassion and understanding, bridging science and spirituality.
“My religion consists of a humble admiration of the illimitable superior spirit who reveals himself in the slight details we are able to perceive with our frail and feeble mind.”
Albert Einstein (14 March 1879--18 April 1955)
Again, some do, some don't. I know a dealer who scraps $10 million plus pet year. 90% of it he collects by going from shop to shop and doing the scrap for them which he then drives to the refinery. None of those people ship it out themselves. As a result, they pay less than he does and he pays less than the refinery.
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I'm getting 50x to 55x on ebay
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes, that's why it's called life in the gutter. Investors in paper gutter are way more profitable than those playing the physical game. If you're planning on selling you better have .999, most wont deal with anything else. Ebay this ebay that blah blah blah; fees, scams, hassle of listing, packaging, shipping. No thanks. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
I’ve been loading up for as long as I was able to.
At a MA shop a year or so ago with large number of proof silver eagles with box and papers, around 500 bought at around melt. There was a lot of money to be made if you know what makes a "70" with certification. They were all shipped out to a wholesaler. People hold their purchases for years with lots of risks then sell, trying to get top dollar. What percentage really make a real profit?
When they had the silver bull market run up (of all time?) made a killing on them (fantastic retail). during that short period bc had loaded up on them (slabbed Mexico Libertads, ASE, etc about 1.5 yr prior when values for graded ones came out in CDN (Mex Libertads) and silver much lower. A super example how timing can influence RCI. Many in coin club made triple dipple money! I would suggest get a box of 20 slabbed ones but bidders have become more informed, aggressive.
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Man, I've never seen anyone so obsessed over something they hate so much, and still won't just let it go (sell it).
And to spend so much effort repeatedly telling everyone about it - crazy.
Good thing silver isn't a human - you'd probably try and murder it
PS:
Most shops package and ship precious metals to refineries all the time - so it isn't a big deal to them.
Packaging and shipping on eBay is not much different, except there may be more smaller lots rather than a few big lots.
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I'm still interested in having you commission my in gutter we trust tokens. Give me a call. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
.
And I'm still not interested in doing it.
You know this.
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