Silver Stacking - Buffalos VS. Eagles
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- čas přidán 6. 03. 2020
- In this video I compare two very popular silver stacking bullion products side by side! It's the Generic Silver Buffalo Rounds VS. The American Silver Eagle Coins. This silver stacking 2020 battle looks at which is better to stack between the two products. The American Silver Eagle is a coin and is minted by the United States Government. It contains 1 troy ounce of 999 fine silver and is a favorite among silver stackers. The Silver Buffalo is a generic silver round and is minted by many different private mints. The Silver Buffalo Coin is not actually a coin because it has no face value and is not backed by a government, but is does have 1 troy ounce of 999 fine silver and is extremely popular for silver stacking. I used the Silver Buffalo in this video because it is the most popular silver round, but you could really substitute any silver round for the comparison. One big thing that I mention in the video is the 1099-B IRS Form and how it applies to silver stacking. Here is my video covering taxes and precious metals:
Gold and Silver - Capital Gains Tax and IRS Reporting
• Gold and Silver - Capi...
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#silver #silverstacking #silverdragons
Topics I cover in this video: silver stacking, silver stacking 2020, silver stacking tips, silver stacking strategy, silver stacking eagles, silver stacking generic silver, silver eagles, american silver eagles, american silver eagle coins, buffalo rounds, silver buffalos, silver buffalo rounds, silver buffalo coin, generic silver, generic silver rounds, silver stacking buffalos vs eagles - Zábava
Man, the good ole days of $17 silver, $1 premiums for generic and $3 premium for ASE.
More like 12 an oz. That's when I started.
Im just starting and woe!
Hahaha I remember $2.85 premium on eagles 😂. If the premium was over $3.50 we thought it was too expensive 😆
22 for generics now $4 premium
@@josephmac1137 crazy
It's ironic people trust coins b/c they're backed by the govt, but I stack silver b/c I don't trust the govt! Thx for droppin' knowledge. Very helpful.
This was exactly my thought process 🤣
Exactly the whole point for me. The gov't will collapse along with everything else.
@@blackhole6828 Wishful thinking. Gov't tyrants will revert to guns to maintain their rule....as is the current practice.
Lol
That’s true but there will be a lot of normal folk around who’ll trust a silver coin made in a government (or old gov) mint over a silver round.
Perceived reliability and quality is important in trade
I like both generic rounds and bars. I don’t collect any eagles or any constitutional actually. I keep mine incase of hyperinflation, and I feel if we’re in that situation no ones going to care what the collector value is when bartering or trading, only the silver content. And it’s uniform so I can easily figure out what the value of everything is.
Generic is my choice. I'm allergic to premiums.
HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
Hahhahhahhahhahhahahhah
my wallet is
90% has the benefits of both: rock bottom prices, backed by the us government, and something that these aren't- they're actually recognized by everyone as MONEY.
May the Schwarz be with you yes a quarter is recognized as a quarter and majority of the population will recognize it as being worth 25 cents . Junk silver also takes up way too much space and takes longer to transport but to each his own.
@@idobackflipz gold and silver are recognized as money across the world
@@idobackflipzidk both ride the same speed in my truck
Wouldn’t it be nice if ASE still had a $2 premium.
Indeed, now it has a $10-13 premium
Good video SD! I like the fact that I can get 21 generic rounds for the price of 20 ASE’s!
Wow, I didn't know about that 1099-B form! Thank you so much for informing us!🔥🔥🔥🔥
A ounce is a ounce and the higher priced eagles are great but the premiums are lost usually lost if selling in desperation.
Premiums are lost on daily sales at this point. The returns on the premium have dropped quite a bit in the past few months.
Love them both but stack what u can when u can 1 oz at a time
I f I was dumb enough to sell silver and they handed me a tax form I would laugh and leave. The jeweler on the corner isn't gonna give me a tax form.
Ohio and some others just ditched the gold and silver tax
Just bought some buffalo's love them
I like both the Silver Buffalos and the Silver Eagles and have bought both but prefer the Silver Eagles the most The reasons you mention in your concise and excellent report are the reasons why. Thanks. Out.
Another great video. I stack both, along with bars and other things. BTW, I know when you were talking about Buffalos in this vid, you were really just referring to all generic silver rounds, but the U.S. Government did mint a Buffalo silver dollar. It was issued in 2001 and is 90% silver. I have one, graded and slabbed. They are a very attractive coin.
My dude! Love your enthusiasm in these videos. Just followed you on IG. I've been purchasing SilverTowne & HM Buffalo Rounds. I love and own a few Buffalo Nickels. Unfortunately the silver Buffalos are not legal tender like you said. Keep investing!!
I'm not sure if this is what normally happens, but silver rounds seem to be cheaper as the silver prices drop. ASE coins seem to stay at higher prices as the prices drop. So stacking rounds seem to be better to buy as the prices drop and coins seem to be good to buy when the silver price goes up, because then the rounds come back up in price back to where the coins are.
Another fun and informative video thank you 🏁
Great video as always! A point that makes the ASE a winner for some is that you can buy US mint produced bullion with a self-directed IRA
Thanks for another great video!
Some LCS's in my area (Denver) keep track of what you sell to them and once you hit 10k per year you get the 1099 tax form.
The $10,000 doesn't matter what item is sold to them. It's anything. I don't do business with those shops.
Is there a difference in quality between 2021 American silver eagle (type 1) vs the American silver eagles of past years? I notice on reputable coin websites that older years tend to have an increase in price compared to newer year coins.
Like them both, after my maple monster box im gonna go for a buffalo one 👍
Good video my guy.👍...more about the taxes involved with stacking, is what I'd like to know more about
wood beez check out my vid on it link in description 🔥🐉
I'm from Canada. I bought a small amount of colletor and 80% Silver coins a few Scotiabank Silver bars. Their value has increased by 14%. Since November I have been on a tear buying Buffalo silver rounds and a 10 oz bar, and I also been buying. 925% and 80% have circulating coins some graded. I also found some Silver Eagles and Maple Leafs. My favorite are Canada 50 cent pieces and Buffalo's!! They feel nice in your ha!
Fairly new sub here, thanks for the info. Keep up the good work!
Do you have an updated video on this topic for 2022? Because the American Silver Eagle prices are bonkers. The premiums are absolutely insane for them. The premiums are really high for everything but especially more so for the eagles.
Great video.. Question
I am seeing the price of Silver as today is $22.76 (10-10-2021) , according with your video in a LCS you can buy ASE for something around $25.76 oz , I am trying to stack silver and seeing everywhere online, around $35 oz for many years of SAE, do the year matters in the price ?, if all the LCS have something around the price you stated is much better to buy silver with them. I never been in a coin shop.
Learned something new because I had not heard of the 1099-B Form. Do you know if the form has to be completed for coins of the sovereign governments, such as Silver Maples?
Wow, never heard of the 1099-B, great information and very important for when i am ready to trade up. Do you know if there are any taxes to be paid if you buy bars and sell them?
Thanks for another great video.✅ Silver eagles are my favorites. 👍Thanks for sharing.😎👌👌👍👍⛏⛏
Hello, new silver investor here... Where are some of the best places to buy online for cheaper? I see them for $35-38 everywhere but silver is $27 an oz. I want to buys close to spot as I can ie. $29 or $30
Either one is just fine for me, I love them all.
I ordered the 1 ounce buffallo coin roll , such a bad quality , compare to the American silver eagles , but I would rather ordered the 2021 Brittania silver one ounce coins , superb quality , sexy looking coins , many security feautures , more bang for tbe money .
Thanks Dragons. Good to see you
I have a few issues with the government backed "coins". However, my #1 issue is: I remember what the federal government did during the depression. When they outlawed the ownership of gold, they forced the American people to sell their U.S. coins at face value (not at market value). Then afterwards... upped the price of gold. They effectively robbed the American people of 40% of their wealth in one fell swoop. That means that if they do the same to silver (we are after all, $30 trillion dollars in debt...) , holding those Eagles, could be quite costly, as their face value is "One Dollar". The "Buffalos", have no face value and are valued by weight only. Don't think that it can't happen... it already has...
What about gold? The gold buffalos have a face value of $50. Do the gold eagles have that too?
Now it's october 2021 and times have sure changed. I've been buying silver eagles all year and the cheapest I've found were about $11 over spot for random year, and usually they're $11 over spot for 2021. Even higher for a few years old. The first one I bought were I paid shipping was $41. The cheapest has been about $31
Now I feel less beaten up for paying 35$ a piece for 4.
Silver eagles are going down in Germany juppy time to buy, btw great work , great videos!
So do you only have to fill out the 1099-B if it 1000 rounds or more? Or is it period? Also since the gold Buffalo is backed by the USA no 1099-B form required???
Good vid. I’m forever seeing videos on CZcams of people saying that Silver is silver is Silver buy which ever one is cheapest. I guess the fight continues.
To much emotion that are attached with these coins man lol
@@kenishaward7309 They do latch on to them, heavily
Love it all stack it all thanks for the video
Beautiful info.. thanks.
Thanks for sharing, didn't know about the 1099b but now I do ,not that I plan to sell my stack will be left to my grand children but I will school them in case they have plans to sell in the far future
Hi SD. Do you know why there is no .999 designation on the ASE?
Weight or laws what do you trust. Both have advantages, I have like 7 ASEs and lots of generics, I will not melt my ASEs.
@SilverDragons I need advice.
Just bought some constitutional quarters, but the shop marked up the price royally; $6 face in silver quarters for $96, but it’s valued at $72 in silver. How can a shop have a markup for that?
DracoRogue1218 don’t buy from them
I’m not a fan of the buffaloes, but I do have lots of 1oz generic. I also have ASE. I buy generics so that I can sell, or flip into gold if the silver to gold ratio tightens. My ASE are deep stack material. I don’t plan on selling them until retirement age.
Silly question but when stacking Buffalo rounds with the intention to fill a tube is it best to complete the tube with rounds from one mint? Or can the tube be buffaloes from various mints?
ASEs for me. But if the US Mint ever made bullion Silver Buffalos, ooh boy! I would buy both!
Purchased ngc pr silver eagle how to recuperate my money silver at $ 24 0z and pr coin cost $ 100..? Thank you
I have some silver buffalos from various mints.. is it normal that some have the traditional high pitch silver ring (ping test) but others sound dull? All ordered straight from GSM or other mints.
I am curious about this. I got GSM. They seem genuine but can’t confirm 100%.
im in the middle east, and im ordering 8oz of the buffalo ones, what do u think about that> i dont want to sell them ever. stacking for inflation and crises.... hope i could get a reply bro
Which is the better round choice ? Generic Silver buffaloes or generic round silver eagles?
If you could buy buffalos cheaper you could also hypothetically buy more silver for the same amount of money. Maybe you could buy 12 buffalos to 10 eagles or whatever the conversion would be.
How about Canadian Maple leaves? Do you have to fill out that form?
If I had your furnace I would melt them all and make a huge millennium falcon! 😝 I lean toward generic but have both. If both are found for the same price, then I’ll buy the ASEs but generally I refuse to pay the extra premiums for them. In my area, I can’t recoup the premiums except through the occasional private sale.
Would it be be wise to exchange my silver eagles with insane premium to get more buffalos
Ask your LCS if they pay any premium over spot for ASE . Then ask does the premium change if each stack of 20 is mixed years or all they same year or if some are culled/minor damage? This is information is for your plan later in life to sell (or sooner if needed) . Do not use your emergency fund for stacking. Having a solid E fund will ensure that you will not be force to sell before you want to or reduce the likelihood of that.
My question is, if the economy crashes, and we have precious metals for wealth after fiat currency crashes as well, silver will always be silver, so if all that crashes doesn’t matter which one you have they will both have that wealth factor right ???
Hello , your thoughts on Lincoln penny 1 oz silver round for sale at APMEX ?
Good idea to stack a lot of them ?
Trusted ?
How do you feel about the Krugerrand and Philharmonic coins?
Hey Stackers and Collectors!
I hope you can help me out....
I bought a few american silver eagles a couple days ago. I saw that not one single of them got a hallmark.
Why are there Eagles with hallmark S,P,W and Eagles without any hallmark?
thank you
Greetings from Germany
I am still learning about these. What is spot?
Are Silver Rounds shielded from Government confiscation since they are privately minted?
Whats stacking mean, buying the same kind of coin or different ones???
Do you have to do the form for maple 🍁?
Great information I didn’t know that
LCS is getting $7 premium on ASE as of 5-28-21. 😥. In Texas just for reference
How do you spot a fake? I just bought a few ASE, Maples, and Buffalo rounds, and they all make different sounds when I tap them. The ASE sounds best, Buffalo next and maple sounds bad.
My advisor told me to buy precious metals: Brass, Copper & lead:..I bought a case of 5.56mm ammunition.
Just started Silver Stacking and my Local G&S Shop suggested I started with the Buffalos. So I got my first Silver 1oz Buffalo. After I get my 20 Buffalos I will stack American Eagles next. I will rotate between the two. Also to add a funny thing, Two years ago I got a 1oz Silver Round for Christmas of Baby Yoda (Grogu) from the Mandalorian.
All in All thanks for all your tips and tricks for silver stacking.
You got me wondering how the capital gains tax might apply to coin ring makers...
Dang it Dragons! You made me think!
I'll be hitting the books now. Thank you. Sincerely.
Rocky Mountain Bear lol good luck 🔥🐉
My local shop only pays 10-15 cents over spot for silver eagles... So they don't make sense to me.
Can you explain how a precious metal coin is backed by the US Govt? What do they back the precious metal coin with? Fiduciary issue?
Ive been melting them all recently. They are just silver to me. Gotta make that Crystal Mac 😬
cecil236 I paid $17 each. And melted them down and sold them for $30 each. That’s a 57% profit. Not a 30% loss. 👍🏻 Not to insane in my opinion
So 1099-B gets filled out for 1000 oz t or more? Per day? Per visit?
Edit: is that the same for bars?
gnarxy per sale.... kinda 😏🔥🐉
Dragons, great video AS always. Thank you Brother. I have never in my life sold my gold or silver but have often wondered how the tax works. I'm getting ready to move from 10 oz bar purchases to 100 oz bar purchases. Just to clarify, when it comes time to selling, the bullion, the tax starts at 1000 t ounces, NOT $1000 dollars correct?
So is that any coin that is IRA-Approved Silver and don't need a 1099 form.. Would I have to pay tax on Maples or any of the other ones
i have a goverment issued silver buffalo. they did make them
Just subscribed!
I don't have either, ... I've got a few tubes of the Morgan rounds, and two tubes of the Aztec. And then, several tubes of the 1.25 rounds.
How come some of the silver buffalos don’t have a year on it?
What is the difference in diameter?
Buffalo or Eagle? It's a trick question. The answer is both, both are the best for stacking.
That's right stack Beagles 🐕
🤪
Great video no 1099-b 🤔🤔🤔☑️
Haha, I thought you were going to say buffalos were the way to go now that I’m almost 3/4 of the way through a monster box
Exactly
Those hands tho. Wow!! Still all over the place. Stack on👊
Nate S lol
Being in Oregon you might not have run into this particular advantage of Silver Eagles over Buff's...when you buy eagles you're buying "money"...and there are no taxes on buying "money" HOWEVER if you buy Buff's which are NOT "money"...you (at least in Washington where I live) have to pay (in my case 10.9%) TAX on the purchase. Personally I don't like the large premium placed on Silver Eagles so most of my purchases at my LCS are of constitutional silver; dimes quarters and halves. Premiums are arbitrary and nowhere is it given that you'll get that premium back...so in my opinion it's just "smoke money"...above spot...I don't mind paying a bit over spot, even for junk silver, that's sort of part of the deal and dealers live off that margin; buy a little under spot, sell a bit over spot. I (and you as well I imagine) want to do the same, pay less and sell for more. When I have "let go" of any of my silver it's more often been in a barter situation than at a coin shop...I try to NEVER sell to a coin shop...nothing against them but they are in business to make money off my trade, I know they'll pay me less and charge me more...and that's sort of a "never win" scenario in my book. Concerning the 1099-B...just never sell more than 950 silver rounds to a coin shop. ALWAYS look for that private deal. Everyone has their own particular way of stacking and collecting, there are as many ways to do it as there are people trying to get it done! I like eagles...but don't want to pay "extra for the privilege"
Hap Newsom yeah no taxes on anything here 😏🔥🐉
Gray comparison I’d take them both haha. But ASE all the way if they were priced same.
Ase has premium! 🐉
What's a good online site to get started with buying silver? Maybe a site that has fair prices and I won't get burned!
Who mints the Buffalo's with United States on the back?
Does anything stop me from selling 999at one shop and 999 at another shop without filling out a 1099b?
I love Buffalo rounds and other types of Generic rounds.
Thanks for the video. However you did not give it enough thought. Let’s add a few more variables. What if spot is $50 vs $5? How about in 40 years? Collect ability?
Collector value only has value to the collector. But I can agree with you on the "you did not give it enough thought." part.
Veteran Stacker good point! 🔥🐉
I just picked up 40 buffalo's for $0.39 over spot. ASE's were +$2.19.
Last time I sold, eagles went for melt, generic was $92%
Yeah see that is basically what goes on around here except it's more like 85-90% of spot for all silver you might get melt for eagles but I wouldnt count on it him saying he sells his generic silver for 100% of spot and gets 1 dollar over for eagles is just unreal to me I'm gunna move out to wherever it is he lives because I'm wanting to leave my area anyway and where he is sounds great to me
@@stackingpoints417 I've been buying and selling since 1980. Never got paid over spot in Michigan.
I like them both, here lately I'm on the s scotsdale tombstone nuggets
They're my favorite mint.
gene Pohlemann nice those are cool! 🔥🐉
@@SilverDragons47 what's your take on silver crashing
gene Pohlemann gonna go down more and then go up over the next few months
Right on bro with Scottsdale! Most local shops treat them as a premium so probably best to go through their website .. every once in a while you can get them at generic price
why not both, picked up a couple tubes of Buffalo today, nice coin
I like the reverse proof silver buffalo rounds.
With current ASE premiums you may want to look at Philarmonics for lower premiums and government backing
I have 2 ASE's, both MS70 certified...and thats the only ASE's I have. I'm not really a fan of them. I do have a variety of silver...maples, generics, 70's art bars, 10 oz bars, Perth, SBSS, etc etc, my favorite silver is dimes, quarters, and half dollar 90% constitution coinage from when our country was strong and had morals.
Amen on the Junk!
I love the maples also more , and theyre cheaper in my country than eagles
@@papaxxbear I live in the U.S. and I agree. The Maples are just a little bit cheaper, and have the security features. I prefer them over ASE also.
Bob Silver I need more junk lol 🔥🐉
On this issue of generic round vs sovereign coins. Answer depend on what type of stacker you are and your strategy for selling. Just playing the silver value angle only during normal times, then generic is the way to go. If you want the silver value angle, the most recognizable in the world, and most likely to be accepted in shtf times then ASE is the way to go.
but what if your just going for a long term investment?
I just got my first buffalo. I will be getting more every pay.
I hope you bought a lot !!! You’d be up HUGE right now
@@joaquinbarocio5320 I'm working on a tube.:)
I’m jealous!!!!! I just bought my first 12 silver rounds AND I CANT WAIT !!!!