which bullion coin should one buy?
I am wondering which bullion to buy for stacking is better when it comes to selling years later. Which one is easiest to sell: the US Silver Eagle, the Royal Mint Britannia, the Canada silver maple leaf, the China Panda, a one-ounce round, or a one-ounce bar? Any opinion?
Comments
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Interesting question!
First of all it sounds like you are talking about fine silver bullion, so no gold or alloyed silver, right?
(In case of silver, alloys may be difficult to sell, so it's best to go for fine silver).It also depends on where you are located - in some countries / states domestic silver bullion may carry a lower tax rate compared to foreign silver bullion.
Usually it should not make a big difference if you hold your silver in the form of coins, bars or rounds. Often coins tend to carry a little premium (both when buying and selling them) compared to bars and rounds. Many people seem to prefere domestic silver coins over foreign ones. Coins are usually easier to store and trade since they are minted with standardized measurements compared to bars and rounds wich may come in different diameters and sizes, depending on the manufacturer.
Some stuff I personally would avoid are collector's coins (high premium when buying, hard to sell), unusual weights (just stick to full ounces), pre-2013 Britannias (not made from fine silver) and Chinese Pandas (they only weigh 30 grams each, so it's less than a full ounce).
Last but not least it's up to you what you prefere. Some stackers like to buy what ever is available at the lowest price/ premium while others like to keep their stack pretty uniform by stickig to a specific type of coin / round / bar. There is not really a right or wrong here since nobody can predict the future price of silver or the future premiums on certain types of silver bullion.
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Yes. .999 fine silver
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Interesting question!
First of all it sounds like you are talking about fine silver bullion, so no gold or alloyed silver, right?
(In case of silver, alloys may be difficult to sell, so it's best to go for fine silver).It also depends on where you are located - in some countries / states domestic silver bullion may carry a lower tax rate compared to foreign silver bullion.
Usually it should not make a big difference if you hold your silver in the form of coins, bars or rounds. Often coins tend to carry a little premium (both when buying and selling them) compared to bars and rounds. Many people seem to prefere domestic silver coins over foreign ones. Coins are usually easier to store and trade since they are minted with standardized measurements compared to bars and rounds wich may come in different diameters and sizes, depending on the manufacturer.
Some stuff I personally would avoid are collector's coins (high premium when buying, hard to sell), unusual weights (just stick to full ounces), pre-2013 Britannias (not made from fine silver) and Chinese Pandas (they only weigh 30 grams each, so it's less than a full ounce).
Last but not least it's up to you what you prefere. Some stackers like to buy what ever is available at the lowest price/ premium while others like to keep their stack pretty uniform by stickig to a specific type of coin / round / bar. There is not really a right or wrong here since nobody can predict the future price of silver or the future premiums on certain types of silver bullion.
Good answer. I prefer Silver Eagles and US 90% coinage mainly because they are both plentiful and have larger market segments which means better liquidity in my assessment.
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.1 -
Of course, Sovereign Bullion Coins have the backing of issuing governments . So for that reason they’re the easiest to sell. Yet they also carry the highest premium. If assembling a set then maybe go with sovereign as a hobby or for fun. Personally, Im inclined to the lower premiums, which would be rounds and bars. Mainly because you can buy them closer to the daily market price. But …. buy the dips, which is about ….. what time is it ?
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resell? silver eagle hands down
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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Silver Eagle as mentioned. When silver run up started, folks were buying about anything .999, now after the past 2 months, they wont even look at generic 999. All day long calls for silver will only buy eagles.
at my shop, anything but a retail friendly eagle is generic as far as I am concerned, others mostly gets wholesaled out, even tried discounting a couple bucks off spot for customers to match what I can get, they still pass.1 -
Ase's for sure here
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The answer is just stick to coins you have heard of. ASE, Maple leaf, Krug.
The panda rounds are 30 grams instead of 31.1
I would base it on price.Llamas and alpacas are camels. They aren't like camels, or related. They are camels. When was anyone going to tell me this?! How long had Bill Nye been holding out on us?
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I’d stay away from Pandas simply because they are now 30g rather than 31.103g (1 Troy Oz). Makes it more difficult to sell and is non-standard.
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I would buy any 999 fine one Troy ounce silver coins issued by a major first-world mint based on price as close to melt as possible. I like ASE's but they usually carry a higher premium that you may or may not get back when you sell it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire3 -
I like the 1 ounce Libertad's.. mintages are far lower than ASEs and demand is rising.. JMHO
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Depends on the market conditions you're expecting. Also where you live.
Under most normal circumstances, silver eagles carry a premium for a reason - but I'm not sure if that holds outside of the USA.
Serving the greater Mechanicsburg and Camp Hill, PA area
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