Don't put yourself down. It was a bad video, with no usable information. The bottom line value of all silver and/or gold coins, is the current spot (meaning the bottom price before premiums are factored in) value of the metal weight at the time you decide to buy, or sell. Added premiums, of course, vary from seller to seller. Numismatics generally will add a higher premium for more highly collectible coins. I hope that helps to clarify things a bit for you. Seriously, you're not dumb. The video was bad.
I believe the question comes down to not which silver piece is more valuable, but instead, which silver can I get my money out of quickly, when need be. The simple answer (here in the States) is of course the American Silver Eagle. Rounds are nice, and numismatic & semi-numismatic coins are pretty, but there always ONE form of FAST conversion, the great ASE.
That is if you can find someone willing to pay 20% over sport for silver. Would you pay a 20% premium on a Gold American Eagle? LOL... At the end of the day you are buying an ounce of Silver, not a rare coin. I would not pay more for an ASE unless the premium was the same as a generic silver round.
I stack silver and I buy it as cheaply as I can. Eagles carry a steep premium and you are unlikely to get most of it back. Now I do have a handful of coins, vice rounds, that I bought because I like them. But that is not part of my stack. Those are just things I have picked up because I enjoy them. That's called a "hobby." Stacking silver is "investing."
Silver is silver. When you buy American Eagles, there will be a higher premium charged to you compared with silver rounds because they are more popular and in higher demand. However when you sell it will be at the going price for silver per ounce what it is. So you can either make a slight profit or loss. More often you will make a loss because silver falls more than it rises.
My LCS will pay me at least $2 over spot for a silver eagle. Right now I could get about $8 over spot. But my LCS is an honest and fair dealer. He has a reputation as such all across the country because he's a square dealer and he knows his stuff.
Some dealers might give you 60% of your investment if you sell your silver. Putting your silver on sale on ebay might earn you a profit or it might not. Most often it will not. There are too many people selling eagles or generic rounds on ebay so if you are selling you need to sell it as a BUY NOW option. Then you have to entice the buyer like maybe waiving shipping or combining Silver Eagles with some other coin or tube of Silver Coins.
American eagles only thing I buy they are very regonized and everyone loves them pawn stores and coin stores. I'm looking into buying 10 kilo Perth mint it's beautiful to give to my granddaughter when I leave this construct. but American eagles all the way.
The holding of any hard asset primary purpose is to store value and prevent wealth destruction by having an asset with intrinsic value. Any asset with intrinsic value (e.g. land, metals, art, property) is a safe-guard against wealth destruction via inflation or any other means. To look at silver as an investment, is just to torture yourself; because an increase in the price of metals, means a decrease in the value of fiat. So a loaf of bread is now $10 if silver goes to $40 (and stays there); if fiat goes to zero then some wealth is preserved. Metals are not an investment, its insurance.
If you make a profit then great, but I am 100% in agreement with you. There are way better ways to grow wealth than stacking silver but having that insurance gives me peace of mind. I try to.have 5-10% of my net worth in metals and I know silver and gold will never go to zero while fiat could.
If I spent $5 on an ounce of silver in the 90s, I could trade it right now for $20 Fiat. If you factor in inflation my $20 Fiat is possibly only worth the $5 Fiat that I paid for the ounce of silver initially. So there's that.
If I were to get into silver again I'd focus on rare coins, semi numismatic or mint state coins. Id focus on old American coins, old coins from British India or old European coins. I'd do a lot of research, buy different coin catalogues. I'd refrain from buying perfect mint stated coins like MS 70. MS 69 OR MS 68 are just as good and not a lot of people can really tell the difference between them and MS 70.
It's just too bad they never add to, improve or change the design of eagles. At least do silver version of the gold eagles and buffalos! Would be pretty cool
Coin shops , in my experience, have always paid me spot, or close to it. I've never gotten any premium on silver eagles. That's just my experience, your mileage may vary. Shop around, get quotes.
I collect eagles over generic for the simple reason around here you get $1 over spot for eagles and $1 under spot for generic. So I load up when the good eagle deals come around.
Walk in with 500 generic rounds, and see how many they will take. Almost any LCS is willing to scarf up all the ASE’s you have to offer. Why? Because they can sell them so easily, and turn a quick profit. Try selling 500 rounds quickly at an LCS.
My LCS prefers generic- 10oz-100oz bars to be exact. He pays 0-25 cents under spot. He ships it off to his refiner the next day, gets paid in 3-4 days. He'll buy ASE's for $1 over spot, but has to hold them to resell due to the premium. He buys all kinds of gold/silver. He says 50% of his sellers inherited it, 20% were given it as gifts, 15% are coin collectors, and 15% are stackers. Only the last 30% actually know what it's worth in Fiat.
@@penniesfromheaven2511 that's pretty good! Not sure how he makes a profit considering refineries flat fee of usually $100 plus a percentage of the total weight. You can do it the way you said but you would have to come in heavily under spot to turn any type of profit. Maybe he has connections but refineries don't refine for free.
jonthan1985 howell, please don’t pay $5-8 over spot for the ASE. You can find them at any online bullion dealer for $2.50-3.50 over spot, all day long!
@@drwho6908 Oh, "and change" now I see. In your first post you mention, "$17 each" and that is what I was looking for. At $17 each it would be a really good deal. You had me going for a minute there.
I spent gas money, to go buy silver at spot and it’s worth spot price. Better just go back and forth to work, and save money, invest in the sp500. Silver will always be $15 .
Worth? They are worth what someone will pay for them. There is a sucker born every minute. ASE are worth ONE Dollar. They are worth the price of ONE ounce of Silver. There true value is Silver spot on any given day. Most are not rare and never will be. Thus they are basically a one ounce silver slug. I would not pay extra premium over a generic silver round. Heck you can buy generic commemorative US $5 gold at basically 2% premium over spot gold. Why would you pay a 20% premium over spot for an ASE.
In my opinion, preppers value ounces. Investors...close to the same but mixed with more eagles, maple leaves, etc. Collectors care about proofs, dates, etc. Silver has a higher premium than gold. If your plan is to make money off of silver, then likely the ones with less premium would be best. I quit getting silver. Slowing down on gold.
You pay or get paid for a silver eagle around spot. THIS is what others have valued this coin as. BUT, what it's TRUE Value is, is anyone's guess. (Keep in mind though, that metals are being Held DOWN.) This is CURRENCY. Fiat Money is Paper, held up by many things, but mostly by faith in the US dollar. It's value comes from Oil,...BUT, only by the US's ability to make WAR for oil, hence the Petro Dollar. Money is MONO (Single) EYE (Eye on the back of the dollar bill). The single eye, IS THEIR god. There is NO labor from money. It is fake and backed by USURY. (It IS Debt!,...OUR Debt!) If you RENT a lawn mower, they charge you. If you borrow (Rent) money, they charge you with interest compounded. And THIS is the difference between Renting and Usury. Money has NO CURRENCY. Current flows through OUR bodies during labor. Currency flows through metals and metals are labor intensive to produce in this form. So you are trading fiat money for labor intensive currency when trading for precious metals. Gold to Silver is pretty much as much as a 50 to 1 and as little as 10 to 1 Ratio. SO!!,....if Silver Ever gets ground,....it COULD rise to a 10 to 1 to gold. As of now, that one silver eagle COULD be worth $150 or so. BUT, if silver were to rise that high,....gold would rise also, and THEN they would even out to anywhere from a 50 to 1, to a 10 to 1 ratio. SOME DAY, silver COULD be worth well over $150 an ounce,...minus the value of the coin itself. As they say, three of TODAY'S dimes could not get you a gallon of gas, but three dimes from 1960 WILL! Because three silver dimes from before 1964 are worth about $3 in silver. I THINK you can see the inflation issue here. Our US Money (Dollar) is worth around 3 cents in buying power.
Silver is a loss leader if you are buying Eagles. They are generic and have not really changed in design. Instead I'd say buy semi numismatic coins like the Australian Perth Mint Koalas, Kookaburas and Lunar Series, coins who design changes every year . This adds to the collectibity and marketability of your silver, as certain years are hard to get and fewer sellers in the market for those coins. That's how you make money from silver.
Your hypothetical scenario is highly self serving and ignores the relationship between confidence in an asset and perceived value. Believing 'You can lose currency in silver but not money' borders on religious zealotry, but isn't an uncommon belief in the community. We buy, sell, and trade in currency. Very little is going to change that aside from an utter collapse of society and/or a zombie apocalypse.
@Jeff Rogers EMP pulse effects would be temporary. And no way am I implying things with not be disrupted for a time but it wouldn't permantly damage hardware or data stored offline. Especially considering a lot of places would have backup generators and sensitive equipment protected in Faraday boxes. The biggest tragedies would internet porn and social media, LOL!
I stopped listening to you when you compared silver to imaginary fossil fuel. Really dude do you believe the dinosaurs the cane created fossil fuel.? Ha ha Ha
#LOL!!!! WHACHYA GONNA DO WHEN THE BANKS CONFISCATE ALL YOUR DIGITAL WEALTH, AND SAY, "SORRY SUCKA, IF YA DON'T HOLD IT, YA DON'T ACTUALLY OWN IT?" LOL!!!
They are worth whatever someone is willing to pay you for it.
The true value of any bar/ coin is its weight and purity of silver it contain, no matter who the hell its made by period....
I literally know LESS now than before this video (and I was already stupid)
Don't put yourself down. It was a bad video, with no usable information. The bottom line value of all silver and/or gold coins, is the current spot (meaning the bottom price before premiums are factored in) value of the metal weight at the time you decide to buy, or sell. Added premiums, of course, vary from seller to seller. Numismatics generally will add a higher premium for more highly collectible coins. I hope that helps to clarify things a bit for you. Seriously, you're not dumb. The video was bad.
I believe the question comes down to not which silver piece is more valuable, but instead, which silver can I get my money out of quickly, when need be. The simple answer (here in the States) is of course the American Silver Eagle. Rounds are nice, and numismatic & semi-numismatic coins are pretty, but there always ONE form of FAST conversion, the great ASE.
That is if you can find someone willing to pay 20% over sport for silver. Would you pay a 20% premium on a Gold American Eagle? LOL... At the end of the day you are buying an ounce of Silver, not a rare coin. I would not pay more for an ASE unless the premium was the same as a generic silver round.
What do you think of the mini mintage series from goldenstatemint?. I've been considering buying some from them. They have some pretty cool designs.
Thank you so much, that video made a ton of sense to me, and also made me feel better about what I’m stacking
Cash is to easy to spend. I lock all My savings up in Silver and Guns.
I stack silver and I buy it as cheaply as I can. Eagles carry a steep premium and you are unlikely to get most of it back. Now I do have a handful of coins, vice rounds, that I bought because I like them. But that is not part of my stack. Those are just things I have picked up because I enjoy them. That's called a "hobby." Stacking silver is "investing."
Thanks for the informative video SF. :)
Nice comparison. If you are confused, watch it again. Same relationship with all hard money.
Silver is silver. When you buy American Eagles, there will be a higher premium charged to you compared with silver rounds because they are more popular and in higher demand. However when you sell it will be at the going price for silver per ounce what it is. So you can either make a slight profit or loss. More often you will make a loss because silver falls more than it rises.
yep
My LCS will pay me at least $2 over spot for a silver eagle. Right now I could get about $8 over spot. But my LCS is an honest and fair dealer. He has a reputation as such all across the country because he's a square dealer and he knows his stuff.
Excellent video.Thank You
Thank you for sharing 👍
Some dealers might give you 60% of your investment if you sell your silver. Putting your silver on sale on ebay might earn you a profit or it might not. Most often it will not. There are too many people selling eagles or generic rounds on ebay so if you are selling you need to sell it as a BUY NOW option. Then you have to entice the buyer like maybe waiving shipping or combining Silver Eagles with some other coin or tube of Silver Coins.
American eagles only thing I buy they are very regonized and everyone loves them pawn stores and coin stores. I'm looking into buying 10 kilo Perth mint it's beautiful to give to my granddaughter when I leave this construct. but American eagles all the way.
For silver content go for Canadian Maples
You can increase your stack by paying attention to the silver/gold ratio, and converting from one to the other at the right time.
The holding of any hard asset primary purpose is to store value and prevent wealth destruction by having an asset with intrinsic value. Any asset with intrinsic value (e.g. land, metals, art, property) is a safe-guard against wealth destruction via inflation or any other means. To look at silver as an investment, is just to torture yourself; because an increase in the price of metals, means a decrease in the value of fiat. So a loaf of bread is now $10 if silver goes to $40 (and stays there); if fiat goes to zero then some wealth is preserved. Metals are not an investment, its insurance.
If you make a profit then great, but I am 100% in agreement with you. There are way better ways to grow wealth than stacking silver but having that insurance gives me peace of mind. I try to.have 5-10% of my net worth in metals and I know silver and gold will never go to zero while fiat could.
Hey buddy silver future. Nice man cool find and thanks for the show.
What an intelligent explanation! Well explained!
Great video that’s why I like to sell some of my silver when it’s worth it but I never sell all of it
Junk Silver is where it at, you can buy at melt and easily recognizable. Don’t pay a premium for your Silver.
Bro, I'm just High enough to understand this
Well I would have to make a wild guess and say there probably worth there weight in silver.
If I spent $5 on an ounce of silver in the 90s, I could trade it right now for $20 Fiat. If you factor in inflation my $20 Fiat is possibly only worth the $5 Fiat that I paid for the ounce of silver initially. So there's that.
If I were to get into silver again I'd focus on rare coins, semi numismatic or mint state coins. Id focus on old American coins, old coins from British India or old European coins. I'd do a lot of research, buy different coin catalogues. I'd refrain from buying perfect mint stated coins like MS 70. MS 69 OR MS 68 are just as good and not a lot of people can really tell the difference between them and MS 70.
It's just too bad they never add to, improve or change the design of eagles. At least do silver version of the gold eagles and buffalos! Would be pretty cool
Were u get thos protector
DONT BUY ROUNDS WITH OFFENSIVE TEXT, I AND MANY LIKE ME WOULD NOT TRADE FOR THEM, KEEP YOUR VIEWS OFF YOUR SILVER.
I personally don't like trading with people who type in caps lock.
@@dougdennis3681 Silver eagles say "IN GOD WE TRUST"... :D
Can someone translate this?
Nice
Coin shops , in my experience, have always paid me spot, or close to it. I've never gotten any premium on silver eagles. That's just my experience, your mileage may vary. Shop around, get quotes.
I collect eagles over generic for the simple reason around here you get $1 over spot for eagles and $1 under spot for generic. So I load up when the good eagle deals come around.
My shop pays the same so i buy generic.
Walk in with 500 generic rounds, and see how many they will take. Almost any LCS is willing to scarf up all the ASE’s you have to offer. Why? Because they can sell them so easily, and turn a quick profit. Try selling 500 rounds quickly at an LCS.
@@victorfrankenstein50202 Exactly the reason why I stack ASE's over generic.
My LCS prefers generic- 10oz-100oz bars to be exact. He pays 0-25 cents under spot. He ships it off to his refiner the next day, gets paid in 3-4 days. He'll buy ASE's for $1 over spot, but has to hold them to resell due to the premium. He buys all kinds of gold/silver. He says 50% of his sellers inherited it, 20% were given it as gifts, 15% are coin collectors, and 15% are stackers. Only the last 30% actually know what it's worth in Fiat.
@@penniesfromheaven2511 that's pretty good! Not sure how he makes a profit considering refineries flat fee of usually $100 plus a percentage of the total weight. You can do it the way you said but you would have to come in heavily under spot to turn any type of profit. Maybe he has connections but refineries don't refine for free.
A UNC silver eagle will always carry a premium normally 5 to 8 dollars over spot depending on where you get it at
jonthan1985 howell, please don’t pay $5-8 over spot for the ASE. You can find them at any online bullion dealer for $2.50-3.50 over spot, all day long!
I bought one in 2004 know it has like a pink color around it..
I just bought 12 2019 for $17 each from Monument Metals. Still available.
Do you have a link for that? I don't see it on their site.
@@TheRetiredVeteran: Todays email (April 1st) has random date off quality ASE's for $17 & change and 2019's for under $19.
@@drwho6908 Oh, "and change" now I see. In your first post you mention, "$17 each" and that is what I was looking for. At $17 each it would be a really good deal. You had me going for a minute there.
@@TheRetiredVeteran: That's todays price, not when I bought them on Friday. My apologies if "just bought" was misleading.
@@TheRetiredVeteran: Want a deal? Kitco has SML's on sale right now for $16.67 each. Canadas answer to the ASE.
...I AM CONFUSED... ...SOUNDS LIKE A PROFESSOR, BUT WHAT IS THE DIFFERENCE IN VALUE RELATIVE TO THE COIN DATE, AND LENGTH OF TIME EACH COIN IS HELD ?!
One dollar !
I spent gas money, to go buy silver at spot and it’s worth spot price. Better just go back and forth to work, and save money, invest in the sp500. Silver will always be $15 .
The price you are quoting are spot prices, not the price for a silver eagle.
October 15 2019 i can buy these for 28 Canadian Dollars each!
Spot.
About $15/oz. There is no shortage for production needs in silver, so, silver will stay at mining costs.
Until it doesnt
Man you definitely convinced me not to buy silver ever , just in case I might get stuck listening to a clown like this when buying or selling !
1troy ounce should be between $15.50 to $16.35 (just my opinion)...check out my video on “Functions of Money”.
Oil is made by the earth
Worth? They are worth what someone will pay for them. There is a sucker born every minute. ASE are worth ONE Dollar. They are worth the price of ONE ounce of Silver. There true value is Silver spot on any given day. Most are not rare and never will be. Thus they are basically a one ounce silver slug. I would not pay extra premium over a generic silver round. Heck you can buy generic commemorative US $5 gold at basically 2% premium over spot gold. Why would you pay a 20% premium over spot for an ASE.
In my opinion, preppers value ounces. Investors...close to the same but mixed with more eagles, maple leaves, etc. Collectors care about proofs, dates, etc. Silver has a higher premium than gold. If your plan is to make money off of silver, then likely the ones with less premium would be best. I quit getting silver. Slowing down on gold.
You pay or get paid for a silver eagle around spot. THIS is what others have valued this coin as. BUT, what it's TRUE Value is, is anyone's guess. (Keep in mind though, that metals are being Held DOWN.)
This is CURRENCY.
Fiat Money is Paper, held up by many things, but mostly by faith in the US dollar. It's value comes from Oil,...BUT, only by the US's ability to make WAR for oil, hence the Petro Dollar. Money is MONO (Single) EYE (Eye on the back of the dollar bill).
The single eye, IS THEIR god.
There is NO labor from money. It is fake and backed by USURY. (It IS Debt!,...OUR Debt!)
If you RENT a lawn mower, they charge you.
If you borrow (Rent) money, they charge you with interest compounded. And THIS is the difference between Renting and Usury.
Money has NO CURRENCY. Current flows through OUR bodies during labor. Currency flows through metals and metals are labor intensive to produce in this form. So you are trading fiat money for labor intensive currency when trading for precious metals.
Gold to Silver is pretty much as much as a 50 to 1 and as little as 10 to 1 Ratio.
SO!!,....if Silver Ever gets ground,....it COULD rise to a 10 to 1 to gold. As of now, that one silver eagle COULD be worth $150 or so.
BUT, if silver were to rise that high,....gold would rise also, and THEN they would even out to anywhere from a 50 to 1, to a 10 to 1 ratio.
SOME DAY, silver COULD be worth well over $150 an ounce,...minus the value of the coin itself.
As they say, three of TODAY'S dimes could not get you a gallon of gas, but three dimes from 1960 WILL! Because three silver dimes from before 1964 are worth about $3 in silver.
I THINK you can see the inflation issue here.
Our US Money (Dollar) is worth around 3 cents in buying power.
Silver is a loss leader if you are buying Eagles. They are generic and have not really changed in design. Instead I'd say buy semi numismatic coins like the Australian Perth Mint Koalas, Kookaburas and Lunar Series, coins who design changes every year . This adds to the collectibity and marketability of your silver, as certain years are hard to get and fewer sellers in the market for those coins. That's how you make money from silver.
So... if I bought in in 92 and wanted to sell today I would not have won?
Merun aku 2008
Just get to the point without so much chit chat
Awesome video brother think I just had to resub you stop by check out my latest I only have 198 why the thumbs down for silver eagles
I don't know if i am loosing $...sure I'm wasting my time with you...
Lot of noise. My god...
I have no idea wtf you're talking about.
Boring. Didn’t say anything about what your title said. Just common sense that we all know.
????@???,bla,bla,bla!!!!
I thought you were going to tell us something we didn't know. Sorry, but this video was a real disappointment.
Your hypothetical scenario is highly self serving and ignores the relationship between confidence in an asset and perceived value.
Believing 'You can lose currency in silver but not money' borders on religious zealotry, but isn't an uncommon belief in the community.
We buy, sell, and trade in currency. Very little is going to change that aside from an utter collapse of society and/or a zombie apocalypse.
@Jeff Rogers Jeff, thank you so much for the response. Currently, I'm leaving the house to run an errand but will reply to you later today.
@Jeff Rogers EMP pulse effects would be temporary. And no way am I implying things with not be disrupted for a time but it wouldn't permantly damage hardware or data stored offline. Especially considering a lot of places would have backup generators and sensitive equipment protected in Faraday boxes.
The biggest tragedies would internet porn and social media, LOL!
I stopped listening to you when you compared silver to imaginary fossil fuel. Really dude do you believe the dinosaurs the cane created fossil fuel.? Ha ha Ha
NOTHING. Silver and gold will be worthless once we go to digital currency.
Rich Alkins * Good, that's more for me to buy...
#LOL!!!! WHACHYA GONNA DO WHEN THE BANKS CONFISCATE ALL YOUR DIGITAL WEALTH, AND SAY, "SORRY SUCKA, IF YA DON'T HOLD IT, YA DON'T ACTUALLY OWN IT?" LOL!!!