SILVER STACKING tips I wish I knew when I first started
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- čas přidán 25. 05. 2024
- Going in blind to buy silver can be a costly mistake. And can cost you not only time but money. In this video I go over three tips I wish I knew before getting into the game.
Disclaimer- I am not a financial advisor, I’m just a guy passionate about gold, silver and numismatics, please do not make any purchases or sales based on my videos. What I say in this video is just my opinion.
#coins #silver #silverstacking #silvercoins #silvercoin #junksilver #gold
If you don’t mind, I’d like to add to something STATESIDE mentioned in his video about shopping around. I build a matrix with the names of the sellers down the left-hand side (including LCS ) and the type of coin(s) I’m looking to buy across the top of the matrix. I then go to their websites (And as well eBay) where the LCS may be selling the same item and start filling the matrix in with the prices of the specific coins they’re selling that I’m looking for. It’s a great visual and helps put things in perspective.
Great advice!
Great point you make about taking an additional 5 mins to check out a variety of places. You might save 30 or 40 bucks on your order just by comparing listed prices online with Hero Bullion, SD Bullion, Apmex, Monument Metals, etc. and it would literally take a couple of minutes. Not only can this save you a ton of money sometimes, but you can also determine if the dealer doesn’t ship for weeks, or doesn’t disclose their offer is just for ‘secondary market’ coins, etc. Reviews will bring many of these things to light. I never wanted to buy anything from eBay, however I took a chance recently and bought three items from three different sellers (a couple hundred $ from each) because the standard well-known dealers didn’t have what I needed, and they were all shipped promptly, packaged extremely well, were easily tracked during shipment and arrived quickly.
Absolutely agree, well said!
if you do not mind I will add a few things I learned over 58 years of stacking. never buy hand poured bars, lots of dealers do not want them. buy bars and rounds no larger then a kilo, once again some dealers will not buy them. I have been to lots of major shows, central states, fun, money show and so on and watch dealer turn down 100 oz bars or offer a lower price for them. also with 90% silver buy merc's, walkers, franklins, barbers and standing liberty quarters. the problem with washington quarter, roosevelt and kennedy halfs is all of these have silver and non silver versions. if using 90% for barter non coin people get these mixed up but everyone see's a walker or merc is different. also do not count out auctions as a place to buy silver. local auctions, hi bid and even ebay are a great place to buy. know I will here from some that you can not trust ebay sellers. if this is so why does sd bullion, apmex, scottsdale siver. pinehurst, and many others sell on ebay? jim
Well said Jim! I want this to be an interactive channel so please always feel free to add comments to anything I forgot in my videos
I listen to older people now because they lived longer than me and have seen things I haven’t. Your advice is appreciated by this 37 year old stacker. I’ve only been in this game for about 5 years and I’ve learned so much, but there is much more I need to learn. Happy Memorial Day in advance!
@@__Ryan_ thank you. I started stacking at age 7 in 1967. it was easy back then, you just went to the bank an pull out the older halves from the rolls. back then we did not keep the 40% kennedy's. I trapped muskrats for the fur and when I sold them all the currency I got for the hides went into silver and some gold. fun times. jim
@@user-kv7gt4rc8mI got lucky and my dad sold me my grandfathers Morgan’s and peace dollars for spot price a few years ago. They had wayyyy more and cashed them in at LCS, this was before I was into coins or I would have bought them. I really like the Morgan’s- holding something from the 1800’s is just amazing. All the hands that coin has been in, all that history is just mind blowing and I’m here in 2024 holding it in my hand!
@@user-kv7gt4rc8mI wrote another comment but CZcams just deleted it I guess… I know if I was born back in the day, I’d hoard Morgan’s. It’s crazy to hold a coin in your hand from the 1800’s!🤯
Great info! I just started stacking 5 months ago, at the age of 48, and I've already made a few mistakes. Primarily buying rounds from big box online stores with a slight higher premium but learned real quick that when you sell them to a LCS that they could care less about that premium.
I switched over to Constitutional Silver. I like having the chance to cherry-pick and build sets.
LOVE constitutional silver. Great choice! If you have any questions let me know
Thank you for your service Stateside. You covered all the mistakes I made when I started purchasing 3 years ago. Could not agree more about pawn shops. Have a blessed weekend amigo.
Thanks for the support brother! It’s funny how we’ve all made the same mistakes at one point. We gotta help each other out and new comers! Have a great weekend, God bless
Great information. Thank you!
Thanks Lauren!
I agree 100% with using reputable dealers ONLY if shopping on line. As for the LCS's, I'm lucky that the 3 that I frequent are all local and each have a different vibe and favor selling/buying different stuff. They each price a bit different also. You are so right about establishing relationships with the LCS operators/owners. It will pay off many times over. Yes, yes, yes..., stay out of pawn shops for either buying or selling. Darn, you've always got dream stuff laying around. Especially them libertads.
Building a relationship with your LCS is the most important thing you can do
That libertads is my pride and joy!
It's called "junk silver" by some folks because it has little to no *numismatic* value, not because it isn't worth anything or because no one wants it--quite the opposite, actually. Some of us buy all we can get our hands on.
In a nutshell 🥜! Well said.
It’s called junk cause it’s 90% silver
Don't forget the local coin show. You can find some deals.
Absolutely! That’s where I find a lot of great deals!
Great video 👍. There’s a difference between stacking and collecting. When stacking I look for the absolute lowest premium for the coin or bar I’m interested in. Fortunately, my LCS has always matched or done better than online pricing and I avoid shipping costs I may have incurred on smaller purchases. Any high premium silver should be considered collecting since it’s not something easily liquidated for more than spot in an emergency. I consider my high premium coins more like pieces of art than a precious metal commodity.
Well said, I have several high premium pieces that are definitely collectibles. The kilo RP Libertads in the video being one of them
RP Libertads are my collecting passion, beautiful works of art especially the kilos.
@@phil6926 right there with you Phil. It’s a true art work what the Mexican mint was able to do with those
As oldone58 said, Thank you for your service! As for silver, I've always preferred silver over other metals but only had it in jewelry and junk silver (coins and household items). So when I decided to start stacking it, I spent a year researching my options and deciding what "I" wanted.
I don't buy or stack for dollar value. I buy for shtf. I wont go into the dollar and empire collapse because that's not really my concern. But that is a big reason why buying anything just because its a denominational coin doesn't make much sense to me. IMO you should just buy what you like! Cause when shtf, no ones going to care if it says made by a gubment mint or poured in some dudes garage. Personally, I hate poured crap unless its by some dude in his garage. Mint pours just seem extremely lazy to me for a "Mint". I have a SD Bullion 5oz poured bar and I HATE it! I bought their "at spot deal" for new customers and didn't realize a poured bar was going to be sent and still ended up way over spot on it. So I wont buy any "deals" unless its only from a LCS but those can use more money too just using gas to get there. And F*#K Pawn shops for anything! They are all scammers! lol!
Thanks for the support brother! Well said and smart on your part taking that time to research what YOU like to buy
Words of Wisdom! Awesome stuff as always
Thanks PJ!
Hey Stateside, I’d also like to add another option I personally use to buy PM. I buy off different ppl off FB groups that were specifically created for this purpose. Having said that, of course you have to be careful whom you’re buying from. And purchase only from reputable dealers. They will usually have a dealer rating attached to their name. This is very important as there are scammers out there. But you can definitely get good deals if you’re smart. Great video as usual. Arty from Australia
This is also a wonderful option! I’m in several groups that I buy from. I didn’t feel comfortable mentioning it in the comments incase someone got scammed but I was hoping someone would mention it in the comments. Better to come from you than from me. Thanks arty!
Remember…before clicking to finish the buy look closely at the price of shipping! If buying a small amount (1-5 say) online dealers (even the biggest and best) will charge $10.00 for shipping.
Good call!
Great video!💪
Thanks man!
Thanks again 👍👍👍 agree on the LCS if they are good. And, I'm not 100%, but i believe the Germania 5 Mark is a round. The Mark is currently not in use.
That’s an interesting point and makes me doubt saying it’s a coin. I’ll have to look into that
I look at it as both sort of. I’ve seen them advertised as coins and rounds. One things for sure, they are beautiful and a bit pricey.
@@SilverSteeler72 they are very beautiful detailed coins
I personally stick with 10 ounce bars, I feel it’s a perfect size. When it comes to junk silver I call it Constitutional because it sounds more fitting! You’re doing awesome with subscribers man, you’re gaining faster than Nvidia stock!!! Congratulations
Love 10oz, I think everyone should own a few 10oz bars in their stack.
Haha I’m glad I was in on that Nvidia stock!
@@StatesideStash hahaha so you know exactly what I mean!
@@michaelangelobergeron5980 oh absolutely! I was also in on GME and AMC 😉
@@StatesideStash 💰wallstreet bets💰
@@michaelangelobergeron5980 yes sir!
Hey Brother, New sub, Great video! Glad i found you. KEEP EM COMING BROTHER👍
Whats really sickening is that i used to walk around with all of the 64"s & back and never thought twice about it, kinda like the old muscle cars, they were just cars in the day! I wasn't smart enough to think ahead i guess,!?!? ( Story of my life! ) 🤣 ALWAYS a day late dollar short! Lol smh
Id rather here junk silver terminology over constitional silver but hey thats just me. Snother great video with great tips! 👍
Thanks for going the channel brother! We learn from our mistakes! If we could tell the future we’d all be rich 🤣
Old muscle cars are a beauty!
Brilliant info again , really think a discord server would be good for this channel as it’s a very helpful and friendly community
I have no idea what a discord channel is 🤣
@@StatesideStash 😂 it’s an app and website in which you can create a channel and people from across the world can join a link to this channel and talk so for this channel gold , silver etc
@@McBuille I thought that’s what I was doing with the CZcams channel! I feel so old 🤣 I’m only in my 30s and don’t understand any of it
Interesting, even with limited budget, started with rounds, moved to bars, coins from popular world mints, now all I want are 90% (dimes) and ASEs. iWill sniper in on any special pricing, limited mintage bullion bars? Will need to reference all prior and IF its pretty.🇻🇮
Definitely can’t go wrong with ASEs and 90%. You buy type 1 or type 2 eagles
Good stuff
Thanks David!
Preach it brother.
Just trying to spread some tips so people are more knowledgeable than I was going in
@@StatesideStashyeah, myself as well. We learn as we go. I must say though, I love my eagles but than again i love it all!! Lol
Now Reguarding Junk silver, my absolute favorites are Morgan's, walkers, Bens & mercs!
I really love that 1kg Libertad. Its magnificent!
Thanks man! It’s one of my favorite pieces!
Silver is silver! What you want to have stamped on the metal? I say get some of everything!!!!
“Silver is silver” only applies in SHTF situations. Cause if silver was silver we could buy and sell everything at the same price. My libertad will sell for more than my buffalo round
I have a question for all you veteran stackers. When buying junk silver is it better to buy dimes or quarters or just have a mixed bag?
I have a mixed bag but dimes are usually the most popular. But I have a large stack of dimes, quarters and half’s. You can’t go wrong with any that you buy
Just make sure you are buying the pre-64 (90% silver).
@@StatesideStashOK thank you very much for such a rapid response. I will start getting a mixed collection going then.
@@steveabmeyer4209 anytime Steve. I try and get back to you all as soon as I can
@@dougthompson7610 Yes I checked them all before I hand over any cash.
I just wish I would have started when I was your age. 😰
No sense in having regrets! Stack what you can now when you can to make up for the years
I'm stacking cash for the crash.....keep your eyes open and be ready.
I keep X amount of cash on me just incase
Thank you for your content and more thanks for serving our country
Appreciate you Vegas! Hope you’re having a great weekend
Question: if I’m buying two different coins, both with a mintage of say 100,000, how would I know or find out what’s going to be more collectible for higher value 🤔
Thanks for the video brother 👍🏻🇺🇸🇺🇸🇺🇸
Look up recently sold on eBay and see which one is consistently going for more. Libertads are probably your most collectible for their extremely low mintage numbers
@@StatesideStash I’ve never used eBay but I’ve seen people use it. I’ll learn it. Thanks 😎
Hope u have a good Memorial Day weekend with the family Semper Fi 🫡🇺🇸🇺🇸🇺🇸
@@jasonmoad9784 semper fi brother. Hope you and yours have a great weekend
I wish I listened to the guy that told me to buy Bitcoin instead of the guy that told me to buy silver..😂
Buying Bitcoin at $3 would of been nice lol
@@StatesideStash Buying Bitcoin 6 months ago would have been Awesome too!
I believe long term it will go to a million it may take 10 years.. but it’s going there.. It’s not the Most successful ETF ever for nothing! The rich will pump it like they did with gold and they hold long term they are in no rush..
😎