I stopped buying silver bullion coins. This is why
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- čas přidán 10. 09. 2022
- Hello dear viewers :)
In today's video we will be talking about the very interesting precious metal silver! Silver is one of the most important metals for our economy all around the world, yet the price of physical silver is very low compared to how useful silver is. So today we will talk about aspects of this amazing precious metal, how you can invest in it, if you want to do that.
Silver coins and bars are usually best suited for investment purposes.
Eventhough I like silver and have had a lot of experience over the years, none of this information that I share with you in my videos is financial consulting in any way and you should always do your own research as I'm just stating my opinion.
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I bought an ounce of silver a week and an ounce of gold a month from 1994 until 2005. I recently started stacking again and only buy generic bars. No reason to pay even a penny more than you have to. In a real SHTF scenario the only stack that matters will be your brass, lead, and powder.
Well, why bother with silver then? ;) Brass, lead and powder do not contain any of it. However, and here's the important bit: Owning those is as illegal as it gets over here, so that's not an option. I have bows and most importantly a farm. I left my country before, so I'll be doing that again if it gets too bad again, as I now have my prove of concept. Silver might be useful for that, but also incredibly risky because the more you take with you, the bigger the target on your back gets. One car. Everything that doesn't fit into that is gone. Silver only works for that if civilization works where you are going. How likely is that when you have to leave a massive country like (I'm assuming that's where you live) the US? Not very, in my opinion. So if s really hits the fan, and I mean REALLY, because otherwise you wouldn't need any of the stuff anyways, having so much value with you, with no real way of defending it against, for example, a lot of armed attackers, is a massive risk. As I said, might work if everything is fine where you're headed, but the likelihood of that being the case is tiny. Want some advice from someone who already had to leave their country once? Take a big Peli case and really think about how you can fill that thing so that you make it absolutely everywhere. That is much easier than you think. Fill the gaps with silver, if you feel like it gives you an advantage, but don't make it too heavy. Until then, I like my coins and I'm not about to sit here and make my life less fun before anything happens, been there, done that, not worth it. I like silver bullion, but not for the 50% markup we have to pay in europe at the moment. Thanks for watching, all the best 👍👍😊
@@scrappingadventures290 I really don't bother too much with silver anymore. I get gold more often than silver these days.
I am in the US, and also have a couple of sling shots and bows, because at the end of the day even bullets and powder are finite, but you can always pick up a stone for the sling and make arrows for the bow.
In a real SHTF scenario the only thing that will matter is survival. Anything that gets in the way of that gets removed with prejudice.
As someone that has been to many countries I am very keen on traveling light. As someone that has been homeless I am very aware of what real survival is like. As someone with a family I have an exit strategy for a few scary situations.
Well, there you go then. If you know all your stuff and have a plan, there's nothing wrong with having a good life in between. And obviously, we should all do our best to prevent bad stuff from happening, but human kind hasn't been very successful at that, pretty much ever, so oh well. We'll see what happens 🙃👍
@@scrappingadventures290 I would never claim to know all my stuff, but thank you for the words of encouragement. I agree that it seems many humans have no humanity, mostly those we allow to be in positions of power.
Stay safe and have an amazing day.
😁
Absolutely, it's hard to get to a position of power and still care for people, happens very rarely. Thank you mate, you too 👍👍👍😊
It all depends on what the intent is. If the person has the ability to run a resale operation, buy the low-mintage products that have the potential to be valuable in a year or two. If you're holding silver to sell next time the spot price spikes, buy the absolute cheapest stuff you can -- when silver spiked in 1981, and again in 2011, premiums on collectables no longer existed, everything was bullion and a lot was melted down. It didn't matter if you had a generic silver bar or if you had a super-awesome super-rare collectable, it was all sold at the same price. Even morgan dollars were being melted for spot price in 1981. The biggest danger is seeing that something has already jumped higher in value and assume it will continue to jump even higher.
Yeah, because Morgans weren't worth more to begin with 😅 There were literally hundreds of millions of them out there, absolutely no collector's value. At least for most of them. However, everything was most definitely not worth spot, that's ridiculous and I know that it's not true. A lot of things of course were, just because the price obviously made up for the premium, but a draped bust dollar from 1804 is not randomly worth spot because spot moved up a bit. There's literally 15 of them out there, I'd imagine that it was worth at least 20 grand, even back then. Talking about 2011, adjust that for Inflation for the 80's. So if one melted that down, he'd be a lunatic and deserved to lose his money in such a dumb way.
@@scrappingadventures290 i only kept literally 15 of my toenail clippings, is each one "worth" at least 20k?
Your vid popped up in my YT page. Great explanation. I agree it makes more sense to invest in semi-numis like lunars, kooks than straight up govt bullion coins. Thanks for sharing. Liked & Subbed 👍🏻👍🏻😊
Thank you so much, I'm really glad you enjoyed the video 👍👍👍😊
So what about stacking non bullion for when the dollar tanks?
I just get sick to my stomach when I think about how a generic silver round has a higher premium than fractional gold. I know stackers will say we'll get some of it back but we're taking a bigger loss than the fraction of gold even
And it gets even worse, we pay about 45% markup over here in Europe, that’s like seven or even eight times the markup we have on 1g gold bars 😅😅😂
Hi, good input. Where do you sell the collectible coins?
Thanks 🙂 Mostly online, to collectors like myself. Thanks for watching 👍
I started stacking jewelry in .925 and lower karat scrap gold wedding bands and hoop earrings. I'm paying under spot for total gold and total silver weight. It holds the same value, little to no premiums, and nicer pieces can be resold.
Its all stamped and recognized, and fractional. You just gotta know how to convert the math.
Exactly, that's the best way I was able to come up with as well, works very well..Thanks for watching 👍👍
Excellent idea...
I've seen a few videos on this subject.
I think your on the right track.
Ethier way your getting your stack bigger
Wealth preservation 💥 👍
Exactly, we can't get everything right, but we can try our best 👍😃
I enjoyed this video, so I subscribed. Now that premiums are super-high, i'm going for 10 ounce bars / the lowest premium i can find. I totally get what you're saying though & it's working for you, so have fun!!!
Thank you so much, means a lot 😊 👍 Exactly, everyone has to find their way to get around those massive markups, we are at 45% for bullion stuff now here in europe. That's a ratio of 57 to 1. Gold seems quite favorable if you look at it like that, but I still like silver. Thanks for watching 👍
@Imnohomo It really depends. Take a look at premiums on 100 oz bars too
@Dr T Right on!
I got to 1500 oz just from stacking coins. I think the mentality changes at higher quantities. Now I just want to get more ounces from low premium stuff such as bars.
That's cool 👍 But no, not for me, I have a lot of silver bullion, a lot lot 😅 That's why I don't see the point in paying 45% markups for it now, as I bought most of it for like 15% years ago. It's exactly the same stuff, you know? So I decided to wait if the markups are coming down again, not the case at the moment, unfortunately. Thanks for watching 👍
@@scrappingadventures290 lucky you ;)
If I was a silver stacker, I would concentrate on bars. As for silver coins/rounds, I only have 14 ounces in limited releases. So you know I'm not buying and flipping them. Examples of my purchases have been the 2021 Royal Dutch Mint 2 ounce Official Restrike Scheepjesschelling silver round, the 2022 Germania 2 Ounce Valkyries Hildegard High Relief Antique Silver Round, the 2019 Pride of two nations (United States & Canada) 2 ounce silver round set and the 2019 5 ounce Apollo 11 round. The bottom line is that I only want one representative coin/round instead of multiple ones.
Cool, that sounds fun too 👍😃
I wonder if the “premium” for these smaller “run” coins has now gone up above the bullion coins to offset their “rarity”?
Yes, the premiums are way up on almost everything, that's physical silver
Well, collectible coins always had a higher premium over bullion coins, the percentage of this difference hasn't changed a lot, but of course, they went up in markups too, that's just how it is with silver. In europe we are at at the very least 45% markup on bullion coins, which is a ratio of 57 to 1. Thanks for watching 👍
How much you pay for those coins in the video? And how much are they worth now? Where do you sell most of your coins at that you said you made 200-300%? Ebay?
Not me!
They look pretty cool in a treasure chest
They sure do :)
I came to the same realization a couple years ago, I wish I watched this video a year ago 🙂
What coins do you believe are the best for low premiums when they released but have incredible! Increase in value a couple years later?
Depends on the design honestly, that's what makes or brakes the profit. I am excited for the new lunar 3 dragons that are coming out next, if that design is good, they'll be good in the future. But don't hold them for too long, the lunar 2 started going down again after some time. I also like the Wedgetailed Eagles, they've been good for me too. But there are lots of good coins out there that have the potential to be sought after in the future, depends on what you're looking for :)
Liked your logic. I switched to 10 oz bars and collectibles for the same reason. Enjoyed the video. Keep them coming.
Makes sense to me 👍 Thank you, I certainly will 😊😊👍
Thanks. 🤗
You're very welcome, thanks for watching 👍👍👍😊
Excellent video
Thank you mate, glad you liked it 👍
Thanks for the video. That’s what I mostly collect is “vintage”, limited bars and rounds you are 100% correct the value of the older/ collectible silver has doubled while generics has lost because you can’t get spot at dealers when you resell I been trying to sell some ASE to some local bullion dealers the buy back is based on spot. I have made much more on collectible then bullion silver.
Sure, collectible silver is much more suitable for making a profit, if you want to do that. Thanks for watching 👍
@@scrappingadventures290 I been “stacking” for over a decade and I see now what is more liquid the generic/ mass produced bullion or some Art bars from the 70’s and 80’s yes they both store “value” but remember ALL silver stackers have a couple of silver pieces that are cool. Then the price for that goes up and stays up as more stackers want it. Just what I have seen.
I agree, limited things are a very easy way to make money nowadays. Quite interesting.
Yep i have a small silver channel and i am from australia and i won't touch ASE anymore the premium is rediculous and you wont get your money back from bullion dealers if you try to sell them back.
What do you think of the Germania allegories?
Not sure what on earth an allegory is, but if you are talking about the Germania Mint coins and medals and stuff, I like some of them, but of course they are collectors items. Thanks for watching 👍
I do understand.
I agree, govt mint coins have crazy premiums. Right now I will only but generic rounds if they are at a good price.
Yup, at least as far as bullion goes for sure. I love the gov coins, but not at any price. Thanks for watching 👍
Every online forum I've gone to says stacking silver isn't the best investment of your money compared to real investment avenues so I have to wonder what's the point of stacking to begin with besides it just being fun and shiny?
Oh yeah, forums on the internet, only wisdom and truth is spread in those, of course.
Then your going to the wrong forums
😮
I was poised to disagree with you, but I really can't. Premiums are ridiculous. There IS a shortage in the US however. Many things we could get before we can't now. Are you buying generic rounds then? Or 10 oz bars?
It's unfortunate, that's for sure. I'm not in the US, so I just don't know hiw the situation is over there, but we really don't have a shortage in Europe. 10oz Bars are quite rare here, but not as rare as generic rounds, as those have a tax disadvantage over coins in some countries over here, so they don't really get imported and no one bothers producing them. At the moment I don't really buy, I have a lot already, but I'm always looking for deals and I will resume my buying next year. Thanks for watching 👍👍😊
At the end of the day, silver is silver.
If a SHTF scenario should happen I'm not sure if you can buy more bread or lead cause you paid more for your coins...
Just a thought...
I don't need any more lead or food mate, guns are completely illegal over here, I have bows. And I have a farm, food is fine. If I have to leave my country again (had to do that before), then I can only take so much silver anyways before I draw a massive target on my back. Thanks for watching 👍
Not everyone buys silver for a SHTF situation. If there's no SHTF situation he will be way better off in the end then those paying unrecoverable premiums for generic rounds and non limited mintage coins.
@@scrappingadventures290 Guns are completely illegal? Even for hunting?
Good video. I buy both.
Thanks, glad you liked it 👍👍😃 Of course, I would probably continue to buy both as well, but I'm good on bullion coins, I'll continue with numismatics now 😊
Nice job! Very valuable information sir! I love low mintage precious metals. Some people don't get how rare some of these can be. My example would be my 1888 pr65 seated liberty quarter(832)mintage compared to the business strike that yr.(10,001)mintage. How crazy that under 11k all together less than ten years later the 1896s barber quarter nineteenX the mintage and some people put a higher price tag on that. Thank you for the GREAT share! Stay safe! A WONDERFUL Wednesday to you and your whole family! Peace and Love from Kansas!!!
Absolutely mate, very happy you liked the video 👍👍😊 I love those old US coins, but they are unfortunately almost impossible to come by on my side of the pond. Oh well, at some point I'm going to get into those as well. Thank you so much, you have a wonderful week as well, blessings 👍👍👍😊
As same as you, and I also consider the design.
So spot price was 18.00 just a few short days ago and you stopped buying even though the ratio was at one time 92 to 1
:D No mate, the ratio was 65 to 1, as no one could buy a 1oz finesilver coin for less than 26 bucks. Besides that, I stopped buying like a year ago because I had enough bullion silver for now and as I said, I'm not just about to give my money to a dealer. In case you're interested, we are at a ratio of 57 now in europe. Getting interesting. Thanks for watching 👍
I think every stacker should have a mixture of bars & coins
True, especially if you live in the US and you can still get silver near spot, I think that's very reasonable. Thanks for watching 👍
do you know a website I can buy from ? in Canada ?
Sorry, unfortunately not, I'm from Europe, I don't really know any dealers in Canada and only a few in the US.
The premiums are ridiculous right now. I got 39 liberty v nickels and 47 barber quarters for less than the cost of 8 silver eagles today. And they're worth more! I've been doing the same thing though, I'll buy large lots, pick out what I want, sell the rest for a profit...rinse and repeat.
I think the best way to collect coins is to have a strong weight in silver while also having a strong numismatic value. If your coins are worth a lot numismatically, even if that market crashes, the silver content will save you. If the silver market crashes all the way down to zero, the old quarters and other coins are still going to be worth money because of their age and rarity. So I'm covered both ways. I do still collect silver eagles when I can find them at a decent price though, I've got a weak spot for them.
Yes, I think that makes a lot of sense actually, especially if you don't have a lot of other assets that are worth a lot. Thanks for watching 👍👍😃
@@scrappingadventures290 I ran out of other things to invest in😅. I've got my retirement plan, investment account, a house, etc. This investment/hobby is a lot more fun!
My LCS always had silver. 90% rounds,bars the whole deal. The past 2 weeks he's been struggling to get stuff. I've actually took in some of my stuff so he could have something to sell. Hopefully he able to restock like it was a month ago
Interesting, over here they are completely stocked, but everything has a markup of at least 45%, went up by 20% in less than a week. I guess there are multiple ways of dealing with that. Thanks for watching 👍
if anything one should invest on is money market (USD Index) for short-term profits
As far as FED is increasing interest rates to control inflation - commodity markets like copper, aluminium, gold, silver may not observe surprising rate hikes.
Well, probably not, I thik you are right about that, but that's not really the point of silver. The point of silver is to have something that is always worth something and that protects you from financial crisises. Besides that, some of the coins I bought in 2020 have tripled in value by now. I doubt that any stock market will do that any time soon to be honest, so I'm pretty happy with it 😊
@@scrappingadventures290 you are right about value of silver getting 300% from 2020 and that silver is relatively a good, secure investment. However what i said was in regard to quick payoffs like in 2021 crypto was getting your initial investments 10x.
"Silver" didn't get that much in value increase, stayed pretty stable, it's some coins that went up a lot in collectors vale, that's my point. Yeah, crypto, sure, i guess. Would take a lot for me to invest any kind of money into stuff like that, like, physical force for example 😅 Certainly won't put any money into crypto voluntarily.
Silver is silver. The value at the end of the days is the silver. Do what you like with the fun stuff.
Well, in that case everything one can buy at a dealer is not worth it, as you have to waste at least a quarter of your money. The only ever way to go would be to buy actual junk silver, like jewelery and stuff, and melt your own bars for spot. Which I like, don't get me wrong, and I will be getting into that eventually, but it's also a lot of work. Thanks for watching 👍
Sticking to 10 oz bars 💪🏽 also occasionally stacking some 90%
👍👍
@Dr T I only buy from reputable dealers with sigmas and XRF machines so… none fake thus far. I see no problem with what I am doing. Don’t get me wrong I diversify to sovereign mint 1 oz coins as well
It's really in my opinion if your staking for weight or collector to flip or hold your wealth not sure if i agree.
I'm not sure what you are trying to tell me mate, I'm sorry
It's mainly because he is in Europe.
I have just been working on getting weight.... I'm about preserving my money not really into the coins...
If it works for you it's fine mate 👍😊
I stopped buying the American eagles as soon as they change the design. Like you unfortunately, I have a collection to maintain so I have to buy one every year. 👍
I get that, eventhough I also like the new design, the old one was very nice and of course veeeery iconic. Thanks for watching 👍👍
I can respect that
👍😊
If you like shiny things (like me) they’re nice to have. I’ve got SE’s and Maple leafs along with some Buffalos and a few others. I like having a little bit of BU coins in capsules. But for the most part, I buy silver as a hedge. Bars, rounds, barter bits etc. I’m not even what you’d call an investor in gold and silver. It’s just a hard asset, put away for HARD times.
Absolutely, and you probably are in the US, so you can do that somewhat easily, unfortunately we have to pay 20% tax on silver, that was the reason why everything was trading at at least 35% over spot at the time I made the video, but it has gone down quite a bit since then, fortunately.
Damn! A 20% tax on silver? Each state in America has its own sales tax policy. In my state there is no sales tax, so grateful for that. But the state just south of me charges 6 1/2%. Man that’s a bummer. But it’s still well worth it to keep buying! Best wishes for the new year to you.
That's really nice, I hope we can get rid of this damn tax again in the future, typical left wing government, said oh, we will tax the richt! Then they figured out that "the richt" are paying their bills and just taxed the middle and working class, way easier 🤣🤣 I hope we can get rid of them and this bogus tax in the next election, let's see.
@scrappingadventures290 exactly that's what I try to tell people. Alot of people don't understand that
"Bullion coin" is a misnomer.
The definition of bullion is UNCOINED silver/gold precious metals. So, it is a conflict of terms to have an uncoined-coin
Really, the difference is the past or current guaranteed value from the sovereign minting the coin. A coin has value via the intrinsic PM but also the stamped value.
Bullion does not (excluding numismatics).
So, if we hypothetically ended up having a massive new supply of gold via space mining, making gold's value insignificant, the guaranteed government value would hold value on a coin. However, gold bullion would make the bar/ingot worth that of a base metal with only purity and weight.
Here is a good example differentiating bullion and coins,
Executive Order 6102: April 5, 1933, by US President Franklin D. Roosevelt. The order is "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States."
FDR differentiates gold coins and gold bullion. No mention of 'bullion coins'.
Cheers and Merry Christmas!
Not sure I really agree with that, definitions change over time, I don't really think they are a very reliable way of determining what a word means, because what it means is heavily influenced by what is understood when using the word.
Spacemining however is bullshit. The only thing humanity could maybe think about mining in the next couple of centuries would be the moon. Too bad that thing barely has any precious metals on it. So to consider mining other planets or asteroids, we would need to be in Star trek age and believe me, that's not gonna happen by 3022. So it's questionable wether humanity even still exists before spacemining can be a thing. So what do I care. Not one bit.
Anyways, thank you, you have a merry Christmas as well.
@Scrapping Adventures
Yes, I think space mining is far-fetched in our lifetime. Agreed! Perhaps deep sea mining is more probable. I used the asteroid example to demonstrate a supply change in gold, which would ultimately reclassify the PM to a BM. This would show the only difference between bullion and a coin would be a coin's fiat value vs. bullion, which would have little to no value in that situation.
Using the term bullion coin is sort of a redundancy. The term bullion, by some, has been co-opted to mean "precious." The redundancy is the obvious fact that a gold/silver coin is precious, and it doesn't need to be re-enphasized. I think it is better said to refer to a gold coin or gold bullion.
Just my 2-bits from a linguistic nerd.
Sure, I guess so, I will admit that language for me always just was a form of communication, I guess most people that have to speak many languages on a daily basis think that way, so I'm not very educated on definitions and stuff :) But yes, I get what you mean. Thanks for watching 👍🎄
Definition of a bullion coin: A coin thats struck to the lowest standard in order to keep production costs minimal in which can be passed to the customer whos looking to buy silver closest to spot as possible.
Definition of a PROOF coin: A coin that is struck to the highest quality a mint can produce.
If your a coin collector you should opt for proof finish coins. If your a stacker then you buy bullion.
Simples, hope that clears up any milk spotting tears for american coin collectors buying the wrong grade of coin.
👍💯
Thanks 😊👍
I have around 240 coins(easch coins weigh 10grms)
Nice :)
Its fine here in the USA 😊.
I still plan on buying silver bullion
I buy the collectable and the non. Both have an important future
Silver bullion is a very widely stretched term, me too, just not the ones that have horrendous markups and no limited mintage. I don't see the point at the moment, but I will continue buying them if that markup goes away. Thanks for watching 👍👍👍😊
@@scrappingadventures290 I try to collect the limited mintage in a series.
@@SilverScorpion Yes, that makes the most sense for sure, a full set is worth a good amount more than just the coins by themselves.
Sorry but 9 out of ten dealers will only give you melt or spot for whatever you have. The only exception will be ASEs
Maybe in the US, not here. I can only speak for myself. Thanks for watching 👍
3, 999S FINE OR 9999S FINE. PURE SILVER
No, there's definitely a shortage. No one has stock on anything. Ask for silver at the lcs and get laughed at. Maybe it's different in your area. I started noticing about a month ago that inventory started shrinking with online dealers but my lcs had been complaining for a bit. Kilo bars for me, I can still find those 1.50 over spot.
Edit. I just noticed this video is 3 weeks old so I can see your point. The market is much different from even a week ago now.
Ok, we still don't have a shortage here, everything is in stock and in vast quantities. Might be different in other parts of the world tho, shure :)
The reason why we buy gold and silver is that we don't trust paper money... gold and silver last forever
That is true, doesn't mean to take a bad deal tho, in my opinion. But anyways, things changed a lot since I made that video. Thanks for watching
Seems like there’s a shortage now.
Well, there isn't really anything that doesn't have a shortage nowadays, besides stupid politicians, never a shortage of those, unfortunately.
I will Buy bullion for Melt anyway anyday ?
Is that a question? Mate, please don't put questionmarks behind every sentence, I can't tell what you mean, sorry. Thanks for watching tho.
@@scrappingadventures290 You are promoting doing away with silver That is not smart ,Heat it for you guys but why not fight for Freedom I live in a Free state and we have plenty of Wood and Heat using The land. How long before you are banned from off grid ,They tried that here and we ran them off ,havent heard from them Feds for a decade ?
I have plenty of heat. No clue what you think where I live, but you are most likely wrong. Besides that, stop making assumptions about people you don't know.
Help spread the word and love for silver!!
Silver run March 17th 2023!! Buy buy buy.
Guess we'll see, have nothing against that :)
What happens if the Govt needs more silver to meet thier climate carbon reduction targets for Elec Vehicles, Solar Panels etc ?
In past confiscations you could apply for a "Collectors License"
Hence why I only buy Low Mintage / Collector Series Coins ... and never generic rounds or Bullion Coins or 1kg door stop Bars
Better safe then sorry IMO
Well then recycling all the shit they are pouring into landfills would be a far better way of obtaining silver than starting a war with their own people, IMO. There's a reason why 98% of all the silver ever produced is gone. It's not in someone's basement, it's spread in the countless landfills and burned up piles of computer scrap all over the world. There wouldn't be any issue to get the silver needed for that and banning it is just pointless because you couldn't even take away everything from people that contains silver.
You need major shifts in the market to even break even 10oz and 1 kilo bars only. Don’t ever listen to all the major Chanel’s advising otherwise they all work for the mints and Ofcourse the coins are where they make the most profit
Not the case in europe, can't speak for the US or other places, but coins are cheaper than bars over here, by far.
I have 5000 ounces or more and only 100 or so Silver bullion and 2 silver bars . I have other forms of silver and constitution silver. Prems are too high .
Jup, I get that, exactly my way of thinking as well 👍👍
Your looking for quick returns
No, the exact opposite, actually.
why pay AUD$ 45 for a SIlver coin with a spot price of AUD$ 32 and pay a High margin !? Yes very expensive and not worth it , one will have to wait a jump of 50 % to make .50 cents profit , taking into account the margin on the sell price . Better buy Silver BAR
Makes no difference over here, silver isn't expensive because of markups only, the main problem is the 20% tax on silver. So there's no "cheap" silver here, just doesn't exist. You have to buy it used to get rid of the tax and everyone knows that, so they just put 20% on top.
Silver bullion, is an awful investment. Trying to sell it, is difficult, because its literally a physical asset. Shipping fees, seller fees, reporting to the IRS, risk of buyer scams, and more.
Don't agree, but heyho, that's fine.
They are all bullion . any coin .999 or bar .999 is considered bullion .
Well, that depends on one's definition of bullion, technically every coin that is meant for accumulating just the metal itself would be a bullion coin, but I don't think that's a useful definition, I think coins should be separated into collectors coins, bullion coins and what some call junk silver, we call it kurant over here. Basically old currency coins.
Low Mintage Brilliant Uncirculated eg: 2022 Desert Scorpion 25,000 Mintage cost only a few dollars more than a 2022 Kangaroo Bullion Coin on first release ... the resell market on the Desert Scorpion is $20AUD higher than the Kangaroo ... Bullion resell pricing is pegged to Spot Price ... while the value of Collector Coins rise year on year
Hey uh silver is silver...
I don't think so. Life it too short to buy ugly stuff. Sure, some low premium coins are OK, but most of them are very much mediocre. I'd rather get something that I like for the money I spend, but that's just my opinion. I don't think that a few bucks will matter one bit, considering where silver is headed in the future.
Buy junk silver, or junk bullion, the trash premiums on the high end "collectible" bullion coins is beyond sensible.
I will be buying gold, working towards ounces to keep the premiums to a minimum.
As for silver whatever is the cheapest.
Not a collector, Am a stacker! Long term investment!
I think that highly depends on one's definition of "bullion". For me, collectible coins are not bullion, but in general, they probably are. The words collectible and bullion just kinda clash for me, so I tend to refer to them as different things. Collectible coins where the only thing one could make good money with silver coins for a long time, my stack would be less than half of its current size if it weren't for collectible coins that I bought a lot of and sold at a later date. The value increase of those coins is incredible, some of the ones I bought in 2020 have more than tripled in value and I sold a good chunk of them. The ones that I still have now where completely free because of the profit of the ones that I sold. So there certainly is a mayor difference between the useless markup on unlimited bullion coins, that don't have any collectors value and the markup on collectible coins that can make someone incredible amounts of money in a very short period of time. Lots of stuff to consider. Thanks for watching 👍👍👍😊
you havent priced junk silver in months or years, its some of the highest premium silver, when you can find it
Don’t use SD bullion
Why not? I mean, not that I can, not in the US, but just curious
Eagles are like $50 now!!
Really? Wow, a lot less over here, just about 30$ :)
@@scrappingadventures290 Check online all the top sellers have them around $47
In the US maybe, I'm thousands of miles from the US mate :)
That's way too high, get maple leafs.
Why would I? I can buy them for below 30$, Maples are like .50$ less, not too fussed.
1) I think the title of the video could be better.
You explain why you have stopped buying "Standard Bullion Coins" in Favour of buying "Semi-Numismatic Bullion coins".
Buy your title says "I stopped buying silver bullion coins.". So you have a a whole lot of people commenting, who I don't think even watched to the end.
2) You explain at the end that, you flip the coins for profit, and keep some of that profit as silver coins.
You then call that profit free and "you don't care what the price of silver was" because it was "free". Its not really free as flipping any product takes some time, knowledge, and risk. Even if you enjoy it.
To nit-pick a little. The value of your profit is cash/€(yes i'm assuming that currency) and the value in the left over coins is stored as, numismatique/collectors-value and underlying silver value. So you should care a little about the silver price and weight, as it does effect the profit value, even if just a little.
Fair point I guess, a lot has changed since I made that video, so much so that I could have never imagined this much change could occur in such a small time. I started my own coin company and it's going so much better than I ever expected. I'll do some more videos here at some point to talk about all that.
@@scrappingadventures290 May I know what that coin company is?
What you are showing is not bullion if they are minted from the Queen or another county. Bullion is not mint coins please get some education.
Please stop being an insufferable smart-ass, thanks 😊 👍
Crying because you didn't buy 1 monsterbox😂😂😂
🤣🤣🤣 crying because you never even bought a a 1,000oz bar 🤣🤣🤣🤣
I can understand the low subs very limited knowledge
🤣🤣
This video had to be the biggest waste of my time in the last years
Oh how nice, thank you so much😊
I bought 500 queens beast coins for 61.02 and now they are 298.88. You are to young to know what you are talking about. Im sure you are a wonderful person, but wisdom comes with age.
The point of the video is buying "Semi-Numismatic Bullion coins" over "Standard Bullion Coins".
The Queens beast is a prime example of buying "Semi-Numismatic Bullion coins" over "Standard Bullion Coins".
Queens beast coins - is a UK Semi-Numismatic Bullion coin
UK Britannia coin - is the UK Standard Bullion Coin
So much for "wisdom comes with age". Lol
Watch the video again
I really don't know the US Precious metals market, but I think you are missing one important aspect of Bullion coins: Liquidity. This means they are well recognized coins/rounds that are easier to sell in case of a hurry in need for cash or even an emergency. Collectibles can be very expensive and rare, and because of that, far harder to sell by the same price you paid for them or take profit, in case you could need cash quickly at a given moment. I think having the best of two worlds (Bullion/Premium) is a good thing and they don't have to be in oposition.
Neither do I, I'm from Europe 😁 But sure, that seems reasonable :)
He he, my bad, but well, the point was that. Cheers.
👍
GOOD more for me !