What is the best silver bullion to buy? Silver stacking tips, selling silver and more.
Vložit
- čas přidán 5. 07. 2024
- Silver bullion buying tips for beginners. What is the best silver bullion to buy? It depends on why you're stacking. Take a look for an in depth discussion.
Gold to Silver Ratio Explained:
• What is the gold silve...
Silver Bean Counter silver LASER channel bars available for purchase or trade. Email me for info at silverbeancounter@gmail.com
Intro by JonOptics - he works for silver ;-)
/ @jonoptics
Earlier this week is when this video got me interested in stacking. I love going over this video for reference. Great stuff!
This one is my most popular video for sure. There is lots of interest and not many places to find info. I have a tips type playlist. You might want to check it out if you are new.
When it comes to the crunch it's only the actual Silver that will be worth something. Not proof, high relief or low mintage coins. I would just buy well known government backed 1oz coins or well known bars... People won't care about anything but the silver value of first currencies go south big time..
Although, collecting is fun...
The foundation of my stack are American Silver Eagles and generic bars & rounds. Collecting the rest is fun but I mostly stack it as cheap as I can get it. Thanks for watching. 👍
That's right, silver is silver. I don't care if it's an ugly blob. No one cares if it is shiny and detailed.
Excellent video. Watched till the end. I certainly have a nice mix of Bullion, constitutional and then my collector pieces. Moving towards more gold as the monster is darn near filled. Great information Bean. Well done and a solid thumbs up.
Very good overview! This is going in a playlist for sure!!! Nice work! 👍
+EM3 or e m³ Making Metal Mine that would be really cool. Thanks!
Great information on bullion, mintage, premiums and collectibles. Such a wide range to suit a stackers needs or collectors treasure trove. 👍 thank you 🙏
Very good Vid! A lot of solid information and sound advise. I enjoyed it very much!
+SilverTorch66 Thanks, glad you enjoyed. I had fun doing this one.
As always great video. Thanks!
So glad you think so. Thanks for watching this one. One of my oldest.
What a great video. As a newbie, I sure got a lot of information. I'm still trying to figure out my goals and this video highlighted things I needed to know. Thank so much, SBC.
+Silver Wings, I'm glad to have been of assistance. There are lots of things out there and depending what your goals are. Have fun with it too.
CAREFUL A LOT OF SHYSTERS OUT THERE
a lot of great information in this video! thanks for putting this together my friend
Thank you for getting straight to the point in sticking to the topic unlike other bouillon collectors, even though this video was not as interactive as other videos it's still the most on point in content
Yes, this one was all about an organized presentation. And thanks. I'm glad you enjoyed this video.
Great video man! Especially the breakdown for beginners.
+Hunter O'Neill I'm so glad you enjoyed. Please come by this channel again. 👍
Great video and just what we were asking for.
Nice work on this dude! I love the refresher
Thanks man! Glad you think so. I have the basics covered anyway.
Awesome, I will try to get more for the stack anyway I can.
Interesting. All of facts to consider in my Silver planning. Thanks!
+Chris Wilde I'm glad you found this helpful. I have a few other vids geared towards useful information.
This was very helpful! Thank you!
Just getting started with this and I heard this is the channel to learn from, thanks for the info.
Oh wow, now that's some amazing feedback... Thanks for the cool feelings man.
Very well put together video my man! I enjoyed every minute of it.
+Mostly Outdoors I'm glad. I did have quite a bit of prep time in it but I think it paid off. This one seems to be a favorite.
Silver Bean Counter 🤠
Thanks Beanie good stuff
So much information packed into one video, no wonder it's got so many views!
Thank you very much 365. It's one of my oldest. I'm glad people still find it useful.
A nice calculation sheet.
Thanks for sharing.
Great watch, thanks for putting this video together.
Master Of Coinage You bet. Glad you enjoyed. Thanks for watching.
Awesome vid, Very informative, as a newbie I Truly appreciate it!
+Pad Pro you bet my man. Make sure you hit that Sub button. I've got another info vid coming.
Thanks for the video! I really love the Millennium Falcon piece! Where'd that come from?
The details are in one of my older vids. If you go all the way back you'll see the falcon with a spider man in the thumbnail. It's all in there.
Some advanced work on this critical topic.
Well done, cheers and Sub'd.
Thanks for the feedback. Appreciate the sub. 👍
Great Vid Man! very informational
Thanks PB. Hopefully this will benefit some of the new stackers out there.
very informative...loved the use of the spread sheet shows what happens when things change ...
Glad you enjoyed. Yes, that information helps with the buying decision.
I know I probably sound like a broken record but the best buy is whatever is on SALE! Thank you for the video.
Man I love these videos !!!
Hey, thanks Eli. Very much appreciated. ✌️
Great points, great choices man.
I have been collecting Morgan silver dollars just because I love the look and weight of the coins. After watching this, will probably start buying other dollars (have a few Peace dollars) and half dollars if the price is right. Very good video!
I'm glad you enjoyed the show Lifeisgood, Peoplesuck! Good luck to you. May you find many deals where the price is right.
*Purchase Benjamin Franklin Half Dollars, there so undervalued and cheap with more silver to them. excellent start for those new to the silver coin stacking.*
+Immoral Mathematician thanks for your comment. Franklins are one of my favorites. 👍
Bought some today at 1% over spot. Unbelievable.
Sounds like a very low premium. Where did you buy them from?
Colorado gold. Very good place to do business.
They are what I love because my grandmother, who I loved and miss very much gave me them when I was a kid. They bring back great memories.
This video is so helpful and educational. I don't know if you can pin it or not, but this is the kind of video every single new stacker (and probably experienced stackers) should watch. Thanks for all the work you put in to your channel. Your videos are fun to watch and very educational. And great intro music too.
The main thing that helps a vid it hit the like button. Glad you enjoyed this vid. 👍
Thank you for explaining everything!!
Hey, I'm glad you enjoyed. Thanks for watching.
Happy Saturday
Much love and support
⭕️❤️
Happy Saturday to you too!
You really did give out so much brilliant and accurate information. Awesome stuff. Like from me!
Thank you my friend. Thanks for watching my video. I'm glad you found it informative.
New to stacking... thanks for the video... some good information to help us newbies
I'm glad you found it useful. I have a tips play list. You might find more useful info there.
Awesome video
I got my silver coins in the mail today from MikeGpo's channel. I love them thankyou. 🤘
That's great! I'm glad you liked them. ✌️
thanks for all the information I haven't bought any silver yet but I'm considering buying some
+Fagan Fordeheimer prices have just dropped. Could go lower but if you're looking to stack (buy a little monthly), this level isn't a bad time to start.
Very helpful. Thanks a Troy Ounce!
LOL, you bet. ✌️
Well done! Thank you
great video amigo! Worthy of a share!
Muchas Gracias Silverino!
To this day this is a great overview video. New and old. Mixing up SBC
Thanks Bum. This is my most popular vid to date. I guess I did something right in it. 😁
Excellent video, my friend!
Glad you enjoyed it Silver Saver!
Great advice. Solid video
Thanks Matthew. Lots of details in this one. Glad you liked it.
Excellent video brother. You went into great detail on this one. I know it's older I'm just a fan 😆
Hey, thanks Britches. Yes, an old one but my most popular. Be safe this weekend.
@@silverbeancounter will do brother. I got lucky today with spot price on $45 face of junk silver.
Very informative. Many thanks.
Glad you thought so. Thanks for watching.
I have 22 oz of gold, and 450 oz of silver! I must admit that I am now beginning to enjoy coins like the Krugerrand (I own 25), and there comes a time when it's not always about the return. There comes a time (if you can afford it) where it's time to buy the coins that you enjoy. I have reached that time, so I bought the "Krugers", and I love them. I must confess, I only bought one to start with, then another 24, and I am pleased I did! Keep stacking everyone!
A very nice message Tristan. Yes, sometimes it's just fun to collect. Buy what you like. At least it has the intrinsic value of silver to back it up. 👍
I like to collect the Britania coins their really cool!!. And the Trump ROUNDS out their :).
Love those krugerrands
Being humble is worth more than gold.
Excelente video!!!
This is perhaps the best primer for anybody considering silver. It also argues strongly for putting a large percentage of your silver investment into well-known brand generics. They are the preferred way to go both for flipping and for long-term investment (silver not gold). In fact the only real argument for ASEs and Maple Leafs is the confidence play as you adeptly point out.
Hi I just found your video yesterday. Very easy to digest all the info. Presented in a calming friendly manner. I just started silver looking at my goals. I want to preserve my wealth for long term especially during economic times. Maybe sell in the future. I’m starting small with coins. What do you think ?
Prices are high right now, unfortunately. But still, I think they're going higher before they come back down. Stack slowly. Good luck.
Great presentation, thank you
I'm glad you found it interesting. Thanks.
Thanks for an excellent video. Vey educational! I'm intrigued by the poured silver, but have not delved into it yet. Those premiums are my main concern. When I croak, I suspect my kids will only be able to cash them in for the silver content. Who knows? Maybe I will pick up a bit here or there...
You can find standard poured bars for the same premiums as generic right now. At coin shops or sites like Bison Bullion. Just $2 over. Not a bad way to get your feet wet.
In a DD Shtf senerio its best to have silver that the common people will recognize. 90 percent quarters dimes etc. common people trust it. They know it’s real. Good video
Great information. Subbed.
Thanks. I appreciate the sub. 👍
great video
in the past when I bought silver and had to sell it, I found that the coin dealers who will give you spot for silver, wanted specifically---- silver eagles, canadian maple leafs, chinese pandas, etc. rather than junk silver and bars. Those were the ones they wanted. (I am not saying that this is the right way they should do business... I am just saying that when i tried to sell bars and less popular coins, they acted weird and wanted to give me less.) They wanted very recognizable coinage that they KNOW they can trust at a glance... and more importantly... coinage that they know thier buying customers of silver can trust at a glance.
+mydogjesus recognizability is a big deal. In my area, dealers pay $1 to $1.50 over spot. A hair under spot for generic. Interesting how local markets vary in terms of price.
Thanks for watching and for the comment.
No problem... I think people should visit their own local coin dealers (like you just said) and ASK what coins those locals prefer, and which ones they pay the premium dollar for. (Meaning; which ones can I at least get spot for) so that when you do buy silver, and have a need to sell some of it, you will always get back what you put into it, or at least get back 'close to' what you invested (even if you have a short term money emergency and have to sell at a time you would prefer not to.) :)
mydogjesus p
Great input. Salud.
Igualmente. Thanks for watching. 👍
Very in-depth. Bullion is resistant to a crazy economy. I say ASEs are best to stack in the US. But Sunshine is a great generic
I like Sunshine as well. They are well known and are a supplier of silver blanks for the US mint.
I need to BUY me a King Arthur round next month!!, that is really NICE looking!!!!.
Yo Bean. Another great video. The little square "bar" with the deer tracks on it is really cool and unusual. Could you please let me know where you purchased it? Keep stacking!!
Ah, one of my favorites!
That was a losing Louie pour. A limited ten bar mintage. Of course, he later made another one for somebody who made him an offer he couldn't refuse... Maybe he'll make it a limited 12 bar mintage for you. 😁
@@silverbeancounter Thanks bro. I would love to get my hands on one of those. Bean, you are the man! Thanks for responding.
Good info.
I just subscribed to your channel. My first official video should be up today or tomorrow.....depending on delivery of some items.
Keep up the good work with your videos!
Coins A-Z Much appreciated. Glad you found useful.
Really good video
I'm going to start buying tubes of Maples whenever i have expendable monies that add up to one. I was wondering, should i buy the capsules as well or should i just leave them in the tubes? I know they get milk spots over time but, will that greatly effect the value? Really, is it in my best interest to put all my bullion 1oz coins into capsules......even if i end up getting hundreds of them over time?
Do not put your maples in capsules. Milkspots have no impact to the value of your maples. They are just a bullion coin.
The only thing you want in capsules are low Mintage high premium pieces or things you plan on putting in a display case.
Great question. Thanks for watching.
@@silverbeancounter thanks a lot brother.
That spreadsheet is awesome! Can you provide?
Why did you cut off part of the spaceship and half of the other stuff?
"Thank You", thank you very much 😀 Can/will you make a suggestion on buying "junk" bags, reading material 🙄
I can't any reading material. I found there isn't much out there. I do have a "tips" playlist. I've made lots of these types of videos.
Regarding junk, bags are good, but I prefer to buy junk by the roll using the eBay bucks rebate. Under spot. That "how to" is in my tips playlist. Thanks for watching.
@@silverbeancounter "Thank You", thank you very much 😎😀😎
Is the premium on silver coins somewhere around 20-30% over the price of dull silver? Please tell me if I'm wrong. Thanks!
No. Not that high. The premium on a generic bar is only $0.79. The premium on an eagle is only $2.50. So doing the math, 5% on the bar, 16% on the eagle.
@@silverbeancounter that's right for US
Problem is here in Romania, the premium is higher than 20%, sometimes even higher than 30%. fookin ripoff
@@FabiWann oh that is a rip-off. Ouch! Sorry man.
Great video, old stacker here. New sub !!
Sweet!
You should put a link to that spreadsheet in the description. Upload to Google docs. Could you throw me a link if you do that?
Do you have a list of what I should expect to pay over spot for all diff kinds of silver? I dunno when I'm looking at a good deal.
There is a website you reference... Findbullionprices.com. check it out.
Has info changed a lot for this because I'm hearing that junk silver has the lowest premiums.
That is still the case. Still, as of Aug 24, 2020, all premiums are higher due to market conditions.
I've got a 2001 Silver Buffalo-graded and slabbed- MS69. The dealer sold it to me for $350.00 a couple of years ago literally a week or two before they crashed. Is my Silver Buffalo still worth what I paid or did the price crash with the others that weren't graded and slabbed? Would appreciate a response.
+Carol Foley unfortunately the prices of the 2001 90% Silver Commemorative Buffalo from the US Mint is still selling for well below your purchase price. Average is about $100 for either proof or BU strike. If it was an MS70, it would sell for much more.... Sorry to be the bearer of bad news. Hold on to it. It is still considered a nice collectible.
Just my opinion. like stamps, most items SOLD NEW as 'collectible' will never recover the premium you paid over spot price. SCARCITY determines a premium over spot price,
almost always, and when people sell the public brand new coins (or anything) as an 'investment', they are taking you to the cleaners.
So I have not made any purchase yet. I'm just curious, when buyiing silver is there an over spot acceptance? I'm looking at Scottsdale Mint and the maple leaves over spot varies on quantity but its about $2.00. Thoughts?
That's not bad. I'd shop these following sites. All very highly recommend dealers:
Provident Metals
APMEX
SD Bullion
JM Bullion
Monument Metals
These are my favorites. I either wait for a sales announcement then buy. Or when I'm ready to simply place an order, I always price compare at these sites and select the best deal.
Have fun!
By the way, all currently offer free shipping when you spend $100.
@@silverbeancounter Thank you for the recommendations. Currently, started watcing Dave Ramsey and have been enjoying his take on building wealth. Though, I'm not sure what his thoughts are on gold and silver. Since I already have my investments ill work on my 6 months cushion and then get some silver. I love talking finances.
I'm a fan of Dave Ramsey as well. I used his snowball method to pay off all our consumer debt. Hit the small one and knock them out one at a time. Living on less than what you make is a simple message to follow and I agree with him.
Gold, however, Dave is not a fan of. He calls it a worthless rock that only goes up in value with fear.
Not an accurate characterization IMO. Many financial advisors aren't a fan of precious metals. For me, and this is just my humble opinion for my own investment strategy, PMs are a good part of a diversified portfolio.
Excellent Vid S.B.C. You covered things very well!:) For me I love it all!:)
Thanks PTP. I'm hoping people out there will find it useful. Especially the selling points near the end.
very good video, very informative
Wait, wait, wait... Is this the same guy formerly known as BS?
yes sir :)
Hey Bean Counter this ia a great vid....your other ones are too. You didn't include anything about " SHOT" silver.....THE CHEAPEST, EASTLY TRADABLE, MOBILE, AND NOT RECOGNIZEABLE UNLESS YOU TELL THEM WHAT IT IS AND CHEMICALLY TEST IT FOR THEM.
How about collectible taxes? Do the local shops report the deal to the IRS?
No, reporting isn't required at coin shops or on line dealers until you get to 10k.
Here in the UK, if you buy Britannia coins, then you do not have to pay what is known as Capital Gains Tax. That is to say that if you make a selling profit of more than £6000.00, then you do not have to pay an additional 16% tax to the government. Any other bullion bars, rounds or coins from other countries do not apply and tax may have to be paid.
This sometimes applies to other countries, but not all and I'm not familiar on how this might work in the US.
Nevertheless, this is worth considering if your country has these tax laws, or if they might implement them, particularly if the price of silver increases.
Excellent contribution to the topic Bridge Rectifier. Thanks for your comment. 👍
No tax in AZ, TX, UT and others. As it should be, because the Constitution states money is silver and gold, so tax should never apply in any state in the USA, if these corrupt governments would just follow the original Constitution!!
I just buy the cheapest that I can get for one ounce bars or rounds from Apmex or any similar reputable merchant. I don't buy this stuff on eBay. I am not saying that all silver or gold on eBay is fake but eBay is known for having unscrupulous sellers with various fake merchandise. I laugh at calling old coins junk silver. If someone thinks it is junk, I would be willing to take it for them. The only real difference is that the junk silver has a little bit of copper added to it and that makes it similar to Stirling silver. They only do that because pure silver is soft
Good video.
Glad you enjoyed silvertrucker.
Maple Leaf is most recognized coin on Earth. Mexican coin is pronounced Leeburtad.
Thanks for informative video.
Krugerrand !!!!!!!
I buy 10oz Sunshine bars!
Where can I get that spreadsheet?
+two23rem LOL, I'm not emailing it out. You'll just have to make your own. ✌️
Thanks for watching too.
Interesting watching an older video. I wish I could buy an ASE for $3 over spot today
Oh man, no kidding. Because premiums are so high, I think I've sold 100 + ounces of ASEs. Bought gold with the proceeds.
@@silverbeancounter nice!
Most helpful video on silver I've seen so far. Got interested in silver after getting into crypto. I predict huge money flooding into silver from digital assets.
A flood of buyers would be a benefit to those stacking now. Cryptos just don't make sense to me. Glad you enjoyed the video. ✌️
What’s your opinion about buying gold this week?
Gold is still a buy 👍
@@silverbeancounter just got and gold eagle 1oz for $1950
$100 over is a good price. We'll done.
I start buying gold and silver and other precious metals in the hopes of saling when im old enough to retire to supplement my retirement
✊👍💥✊👍
I wish I could still get these prices.
Buitiful stuff
I'm glad you liked. 👍
Silver Eagles selling for $10 above spot price 4/30/2020. Absolutely insane.
Great Video and loads of good information, Could you possibly send me a copy of your Excel sheet to use?
+Ken Clark unfortunately Excel collects lots of personal information about it's users. It's part of the back end details of the file. Take another look at the vid. You can see the formula details as I click. Good luck.
Beauty is in the eye of the beholder. (poured beautiful?)
+Gimie Itnow do you have any? If not, look up "HiHo Silver", "The Bear" or "PitBullion". Their bars are first rate.
I was watching one of your other videos where you said about diversifying and your 401k. I've heard other guys into silver who say stocks are digital illusions of wealth. I take that with a grain of salt I just wonder why some take such a dramatic stance. I also diversify. Metals , stocks, property, custom and production pocket knives, guns, stamps, antiques, ect. I just wonder your thoughts on these guys (I won't mention names but I'm sure you can figure out who I mean) and why they are so convinced silver is the only way to go.
Grain of salt as well. I'm not a doom and gloomer. Metals are a great way to take your wealth with you over time and diversify your portfolio. I do think we're headed for a train wreck with all the debt. But who knows when.
@@silverbeancounter I think so too. Thanks for the response bro.
Is there a site you would recommend to buy from?
+Antonio Saverino there are quite a few good ones. Provident Metals seems to win most of my business. JMBullion and APMEX next. Followed by SD Bullion because they charge a bit for shipping. They all have pluses and minuses. They all make mistakes too but it's about how they fix them. I stick with those. Let me know how it goes. 👍
Silver Bean Counter had about 400 bucks i forgot about in paypal and used it at jm because of the first time at spot deal
Antonio Saverino very cool. Next time try transferring the money to your checking account then write a check. They charge 2 or 3 % less when you pay by check or eCheck.
APMEX and Gainsville Coin... both are word class places to do business.
Antonio Saverino modern coin mart on eBay has the best prices and free shipping. I’ve looked everywhere
Buy those Eagles I have a good feeling they will someday be selling for double spot price 😊
Thanks for covering all the options. Great video. I just made my first stacking video. I would appreciate some feedback. Thanks everyone!
Where can i go to buy them. Instead of shopping online
+D Brown you can look up coin shops. If you have none in your area, check pawn shops and "we buy gold" shops.
Also look for information on coin shows.
Good luck!
BEST IS CANADIAN LEAF. IT HAVE HIGHEST GOV. VALUE 5$ while all the rest 1oz coins usually is 1$. SO if silver collapses - you at least can get 5 CAD back.
mine got real milky, as did my phils. very disappointing. APMEX already has said they'll pay only spot, despite my VIP whatever status with them. Current year Eagle monster box (strapped) only way I'm going to go from now on. Chinamen are faking the 1 oz bars years ago; who knows now about my ten and 100 ouncers? Are they good? Will APMEX buy them back when and if silver ever moves again in my lifetime.