Millions of new stackers don’t do their homework and they’ve seen heaps of videos telling them that silver is going to jump up to $100 plus so $26 isn’t really too bad if it’s gonna go so much higher than what they’ve paid. People need to stop listening to the hype and do their own research. 👍
Im a reasonably old hobby/insurance stacker... I dont expect markets to persist or continue to exist. Or anything with a central point of failure...lost relevance.
I mean its a serious question though prices generally go up with demand and silver is going to be in higher demand especially when country's start phasing out fossil fueled cars and placing requiring solar panels on each building
@@jordanmarshall5424 No one is making solar panels, or mining the resources, or excepting debt for them. We are below replacement cost of capital on existing systems...Game Over.
Jordan Marshall I don’t think demands up as much as everyone thinks it is Chinese solar panels out of action industry shut down all over the place when everyone gets back to work things may change but at this stage I don’t think so for some time yet.👍
I made some huge buys when silver first dropped while you still could buy it driving my averages down to $14.65 an ounce.....I'm done buying anything until we know how this all pans out.
Agreed. I just bought some gold this weekend and I hate to say it but I'm done with silver for now. With premiums so high plus sales tax I would be paying double spot price for silver. With spot price never getting out of the $14-15 range I'm afraid I would never recoup my losses if I bought silver now.
@@murp61 dang. I should've researched more before I bought some. I bought some silver about an hour ago and now I'm watching more silver videos lol. I'm not very smart apparently.
Same, though with the awful VAT here it ended up being closer to 18 bucks, but I reasonably could not have gotten it any cheaper over here if I tried so I still won out.
@@SlingSlangSkrrt. I bought 2 5oz rounds and 2 oz rounds and a silver bar. Probably should just stick to one ounce rounds in the future eh? Or junk silver?
Royal Mint Bullion have been out of stock on silver coins for a while now (unless you want 10oz coins lol). They've just got 3 coins back in stock - a couple of the Queen's Beast 2oz and the Britannia. The Beast coins are selling for £55 each, which is FIFTEEN POUNDS per oz over spot, a massive premium. When I bought them the premium was £5 over spot per oz. On the flipside, their Britannias are a pretty good deal taking the current situation into account. If you buy 5 or more 1oz coins they're selling at less than £1 over spot (current price per ounce is £12.25, Britannias are going for £13.04 each if you buy 5, £18 if singles.) We have to factor VAT in here too but even so I just bought 8oz of Britannia's for £125 including tax, which is a very good price right now.
I bought 100oz varied coins in March, Friday the 13th to be exact, for $16.74 an ounce. I was sent 4 tubes of sealed 2018 reverse proof maples. Needless to say, I felt like the king of queens.
Silver is still totally awesome but I stack with the mindset of having to sell some of it if something comes up. I had to sell several times in my stacking "career" to get out of a financial bind, unfortunately. That's the reason I can't justify buying silver right now with the low spot price that never seems to move but high premiums that I may never recover from. I would just be losing money.
People-like you highly educated long term stackers- get hung up on current "premiums" for silver. "Oh' that silver is over priced and double spot - its crazy and we wont fall for it". Or, could it be that physical metals are finally separating from heavily manipulated paper price and starting to head towards its true value? Unless COMEX gets going on stockpiling physical, they dont have enough inventory to satisfy all contracts. As a realist, for me, buying Roosevelt dimes is a waste of time and paying the premium for those. Good luck convincing the general population those are worth so much more than 10 cent after they've been fleeced by the govt and watched their wealth evaporate.
But how do you determine its true value? There's nothing that tells us what it is other than the market. Has its market value been unnaturally suppressed? Possibly. But we really don't know its true value. Just that it's not "no value". But dimes are great, and should be stacked along with other fractionals. But I agree that I don't like silver's high premium right now.
Ready Or not yes the physical price and the spot price are separating. Roosevelt dimes are excellent for stacking. I would never do this buy worst case sell them to a refiner for 80% spot 🙄🔥🐉
I think folks don't often realize that spot price is actually the "paper" price for traders. Which is basically based on industry demands, electronic devices, medical equipment, chemistry needs...etc. The vast majority of the demand has halted, thus a shift in the paper price. However, physical bullion is completely different. These are in hand, created or manufactured for the public. That demand has obviously gone higher due to the current economic crisis, people want to hedge their investments. And now, with the added pressures of closures within the bullion manufacturing sector... it leaves little doubt why premiums are higher. Even on private sales, folks are hesitant to sell because they don't know if they'll be able to restock and for how much. In my opinion, the premium at which people make an exchange... is the true spot price at any given moment. :)
I’ve found that some people are still clueless about what the new prices are like out there. Sure there’s deals somewhere out there, but they are much rarer now than just 4 months ago.
I say the premium reflects the market's ultra bullish sentiment on where silver prices are going. It also reflects something of a fear/crisis hedge. I have only recently started stacking physical precious metals despite running five figures in GLD and SLV for over a decade. I'm buying the physical stuff and paying these insane premiums because I'm afraid and because I believe the skyrocketing premiums reflect an excellent stack flipping opportunity to come in the next year or two.
Hey Sd..you remind me so much of when I was younger. I went through the 1980 metals crash. I remember leaving the Port Authority in Manhattan the day gold crashed..and seeing the headlines as I rode out of New York. The money I made doring that run up was fantastic. These times sre so very different snd a lot scarier!! Enjoy learning from you so much. Hopefully the premium will come down so I will feel comfortable to start stscking again. May you and your family stay safe, well and blessed.
2020 is the final year of the current design for the Silver Eagle, i have noticed all the tv coin dealers have been pumping that hard and keep referring to 2020 as the "New key date" Silver Eagle
Silver Dragons, I like the way you stack because you buy a little of everything! It's true that Silver Eagles are running out! To much demand for them now! Also buying silver at a few cents above spot price were the good old days! Now them days are gone!
I started stacking silver in 2008. I sold most of my stack in 2011 and rebought again in 2013. I made a killing. 2020/2021 will make 2008 look like child's play.
I will never understand the fascination with spot price in retail pricing. The price is what the market says it is. We all realize that supply and demand has found a price equilibrium between $20 - $26 per retail ounce depending on if its generic or premium. People can cry about spot, but retail is not there. It's like crying about the price of toilet paper in the stores because we see wood pulp is priced low. The problem is that for ages the market has been incredibly lazy. It was much easier to base a retail offer in the context of spot rather than determine the actual retail market. As spot became no longer rational to use as a basis for price determination, we get to see the true price of silver. Spot is simply part of the raw material pricing for a given run of production, but it is not the end all be all of pricing. If you can find silver for that price then more power to you, but it's unrealistic to expect the market to discount its own pressures to meet an arbitrary price of raw material.
I just wanted to note, that countries bound in trade with us use those same derivative pricing for commodities. The opposite of free markets, price discovery, or 'capital'ism.
Brad, we have to get back to reality - silver is based on spot. and most items will carry a standard $2-$5 per oz premium, anything above that is beyond the scope of reason.
I have 1.9 ounces of gold which I’m being paid $2000 per ounce for. Thinking of selling all or most of that and buying silver since I’m getting uncirculated Constitutional silver at spot.
$2000 an ounce when spot for gold is $1,700 sounds too good to be true. None the less, the current (April 2020) silver to gold ratio is, a never before seen, 117 to 1. An exchange for 220 ounces in 10 ounce silver bars when silver is at its lowest price in decades, sounds like a good deal, if one assumes that ratio will tend back toward its norm.
I used to only save any silver coins I’d find out in the wild so I’d get it only for face value. But I just bought my first bar. Picked up a 10oz for $187.20. I plan on building up a nice stack of them over time.
While they’re in the process of gouging the crap out of us right now, the tide will eventually turn again, and they will be begging us to buy again with spot and specials deals. We can wait, while the newbies dish out the huge premiums. It’s not right what’s going on right now, and I refuse to participate (for now).
Silver Dragons 🐉‼️ It’s partly because of you... That... I just bit the bullet and ordered a few 5oz US Mint “quarters”. Your vid from a while ago showed a couple, and I just had to own some too!!!
Silver Dragons Right?!? Should come in the mail tomorrow 😝 I’m glad you are, 1st- a husband 2nd- a dad 3rd- a first responder ⛑ & last, a stacker! I really hope you find out for yourself who JESUS really is. If you just read one of the Gospels ( The Gospel of Luke is my fav.) HE will tell you who HE is. Riddle::: Born once, die twice. Born twice, die once. 🤙🏽
Yes it does matter if you pay $20/oz or $30/oz The only silver I have bought recently is the Niue 2020 Boba Fett which has already gone up in value since I bought them. I bought them because they are a Star Wars cross collectable. I should be able to at least double my money on them.
I know where that 1993 ASE came from, I am proud that you have keep the capsule in such good shape. inflation has hit the price of physical silver. I believe the physical price will hit $30.00 ozT well before the end of the year, due to helicopter fiat drops.
If you are a seller, now is your moment to take advantage of it. Once things spin up again...they will FLOOD the market with everything they can to catch the higher price and that will of course force prices down. So if you have any interest in selling, now is your moment.
@@SilverDragons47 Don't get me wrong, i think there is plenty of demand and it might take some time to get through all of it but as things calm down and go back to "normal" the premium price and spot price should converge over time. All i am trying to say is if you were on the fence of selling (and you should always know your sell price just like in the stock market if you are a trader/investor/whatever) then taking profit into this where dealers will spend more to get product could be your opportunity. Like with anything else, this is just my opinion.
Great video Silver Dragons! I’m in the same boat, wishing premiums were lower so I can buy more. I wonder if high premiums are the new normal...? Definitely want to trade some of my collector pieces and high premium coins for more American Silver Eagles. ASEs have performed really well!
It depends if you look on the premiums or the price you paid for 1 oz. Last year spot was much higher but the premiums were much lower. Right now I only buy if I get a really good deal. The premiums for silver you have in the US right now is normal for us in europe, that's why I prefer gold.
I don't think that you should be evaluating your silver by the cost per ounce. What gold-silver ratio is reasonable to you? If you restrict your purchases to the $14/oz average, you are killing your opportunity to enjoy the upside of silver. The average gold to silver average coming out of the ground is about 8 to 1. With gold going up the price of silver should be going up at a dizzying rate as the rate is so high now. Should gold go up to $2000 per ounce, silver should be around $200 per ounce. The difference $25 versus $200 is what should be considered. Do you want to forgo $175 profit?
john bellinger that is dangerous thinking my friend. ratios don’t affect the price 🤷🏽♂️ I agree silver is a better but than gold but that doesn’t mean it should go up in value because the ratio is off. It likely will but not for that reason 🔥🐉
@@SilverDragons47 Here's something else for your pipe! When the reset comes, what determines what value will be attributed to gold? If gold is to be the only carrier of value, how does a value of $20k per ounce strike you? A little high??? What is going to lower such a vicious price??? Silver, for sure. How much of that $20k is to be carried by silver??? Once again the decision makers will turn to history, not reality! (And not a ratio.)
As long as you don' buy on credit just get as much as you can all the time.It is a feel good thing and it makes ya feel good to bud.Being a Canadian I so love the Maples I always get and now I see more and more spotting with ASE's. No matter it is all about the weight my friend.
Even generic rounds are now selling only average about $3.90 to five dollars per round. I don’t think there is a true shortage there may be a shortage on Eagles but definitely not a shortage on silver rounds and bars this is just a dealers way of making more money.
This is the age old question... Just like the Stock Market is it going to go up in price? or Down? I know one thing and you can look it up....The values of Silver Gold and even many Stocks will go up in time! Keep stacking. You will look back at this time and think that the prices you see now were low.
I stopped stacking and focused on low-cost silver coin collections, with more or less stable prices last five years. Some series became suddenly pricey, like, 5 times more, but I can safely navigate through these waters. let's say you have 15 gr. 999 silver coin which costs 15 dollars. expensive, sure. but same coin costs same like in April 2019. and you know limited issue coin will grow in price no matter what in next ten or twenty years.
So cool! I just got my first $1 face valuevof mercury dimes. I just paid $26 and $28 for 2 silver eagles. Haha I'm such a rookie, but got that mistake out of the way.
Great video and all but I've been keeping a great island silver and the prices for a while and trust me when I say the premium has went up equally on almost every silver coin if you're talking about gold coins then yes gold eagles went up more than others but specifically for silver there's almost no difference they all have the same premium
Spot mean absolutely nothing when pricing bullion, bullion coins, or coins. Spot price is a commodity buying price on a basis of 5000 ounces of unprocessed silver. It has nothing to do with silver rounds, bars, bullion or any other minted or processed silver. So, unless you're buying 5000 ounces of ore, spot price means nothing!
Baggins Silver Dragons 2020 West Point & San Fran Mint opened back up now, but only around half of of mints running right now, seems like maybe the big show bullion dealers are having more in stock past 2-2 1/2 weeks or so.
I was pissed about paying $155 for $10 face. Would all the people hyping up the price of silver as "shooting up to $100 per oz" be considered market manipulation?
I'm new to buying silver. I know everyone is talking about premiums being way too high, but is waiting going to make a difference, or will premiums only come down when spot-price goes up? Is it a lose-lose?
When the supply chain will start again, then there will be enough silver flooding the market. That will make the premiums come down. I would stack cash at the moment. What goes up must come down.
Thanks i got from a newbie to " someone who knows what hes doing" in just 5months. Am happy i could start stacking few months ago. Bought few days ago 20 x 2oz kookaburra and babie for 38 a piece . That was the best deal i could find over here haha Cheers my friend
Around the 12 min mark you started talking about the "price" of silver, that it was feeling to high for you. Continuing the next few minutes, I heard some hope that you'd break the FIAT price spell. I'm hoping everyone does. We can exchange worthless paper fiat for a HARD ASSET. Sure there is some strategy in dollar cost averaging to get the most gold / silver for fiat, but you shouldn't just quit buying it altogether. What is THIS is the time it never goes back down again? BREAK that spell Dragons. Do you really think that after 10 Trillion more fake fed notes, (in 12 to 18 months) your "dollar" is going to be worth the same? Not a chance. And this is just the beginning of the hockey stick curve of US dollar printing... to its eventual crash. Once you realize our currency WILL return to its intrinsic value of zero, eventually, nothing but HARD ASSETS will have any value at that time. I'm around if you need help breaking the Fed Fiat Note spell. 😎💪👍
@@kalolawahine9182 Well barter is a pretty natural thing (children do it), if fiat implodes then people will look for other means to get what they need, silver and gold have long been viewed as nice shiny objects and people can tell that it has intrinsic value. It may take a little while but people will adapt. It's most likely that other things will be traded first, the basics like food, services, vices - then silver and gold will be more useful once society is normalising again. I'm not saying that any of this is guaranteed and that SHTF is a given, but it's not completely unlikely either.
@@FerventReminder Thats the way I've imagined it as well. I will be using other barter at first, until people are more educated on gold and silver, unless it's something i REALLY need.
@@SilverDragons47 average fiat currency's life span is like 40 years ish. Im 33 and am 100% confident ill live to see the USA $ collapse. Its already lost like 95%+ of its value since the true fiat era started in 1971.
Good vid my friend. I’m comfortable with what I have accumulated for now. I do wish to add more to my stack but with the premiums so high, I’m on hold for now. When and if the premiums come down, I look forward to adding a little gold to the stack😎
The good old days are gone for now. I love junk silver and the majority of my stack is junk silver. Did you hear about another stimulus checks being talked about?? If it does go through do you think you will buy gold, silver, or platinum?? Awesome video... your like a teacher you teach me things!! LET THE WOOKIE WIN
Love a Merc...... Great little coins to view and start with. I remember those sales in 2019. Doubled my stack last year. I got peace dollars for $16 bucks last year........ With a dump truck.
Here it is 10 months later and spot is $26 with a 15 dollar premium silver eagles now go for $38 to $40 an oz with a $26 spot... Too bad.. Buy or dont but it ... Your choice
How do you feel about the limited minted series such as the legalized series they are a 1000 mintage or even the Four Horsemen of the Apocalypse series and do you know if these types of coins can be graded
Do you bother to search through junk silver that you purchase online? I assume they've been searched for key dates, etc so I have left them in the wrapper.But it is fun to search - if I bought from a private source - of course I'd search.
Question.. Can you (public) normally buy straight from the mints producers? I know right now are closed but, when they are open, can you? is a cheaper?? thanks
I remember what I call my first bullion but, was in 2011 spot was around 22-23$ and I bought 10 maples for 30$ a peice.....don't ever worry about overpaying....I still have the maples but not a single dollar left from that year
Not happy to pay that price, but didn't have money to purchase silver when it was cheaper, have only been looking into this for a year. Any way cool channel, I enjoy watching you shinny coins. :)
A couple of things I have to mention. The economic value of something is subjective...not objective. Free market = subjective value Communism = objective value. That means that the coins shops, bullion dealers, etc... ARE NOT necessarily taking advantage of anyone. They are simply responding to the market on a Supply vs. Demand basis. What happens when supply goes low and demand goes up? Waiting...waiting...waiting....YES! You got it! The price goes up! By the way, I'm just needling you a bit in a friendly way, so no offense intended at all. Anyway, the unschooled new stacker might be paying $25 or $30 to get some Eagles, but that's okay. You'll pay that to, when your desire to add to your stack gets high enough. If it never does, then you won't add. But Silver is worth whatever people are willing to pay for it. That's how a market price is developed and determined. Price discovery takes place in a free market. The problem we have is that price discovery for metals happens mostly in the paper futures market, which is disconnected from the physical market price. That's why I'm looking at a 15.00/oz. spot price right now and seeing $26, $27, and $28 prices for ASEs. The spot and market prices are diverging pretty hard core, and no one can say what it will take to break their connection entirely or for price discovery to move out of the paper market and into the physical. That's probably better left to the ultimate Creator or Silver & Gold and not to us little humans. Having said that, the best thing we can...in my opinion, is to look for the best price that we can get at any given time, and dollar-cost-average into the metals. So if you were planning on making a purchase with $300, and were hoping to find something in the $17.50 to $19 range, but you can only find prices that range from $24 to $28, you're better off paying than $24 than opting not to purchase at all. The long-term trend for Silver and Gold is up, and it's likely to be up in a very major way, so you're not doing yourself any favors by waiting. Those numbers are all hypothetical by the way. On average, those that D.C.A. end up with a lower cost per ounce over time, than do the people who try to wait out and time the market. My junk Silver has actually stayed at a pretty good price up into April, but I haven't been able to get back into several of the LCSs in my area lately because of the lockdown. I'm hoping that when things reopen, they still have inventory and/or haven't raised their prices significantly. Like I said, if Silver ends up at $38 two years form now, and the market price never drops back down to $20, what happens to our average? You might have a low average, but you'll only have whatever Silver you have. If you're comfortable...you're comfortable, but I definitely would keep buying.
Total rip off I would go for a 1/10 oz gold coin over that although I admit it's more fun to have a ten oz silver bar. Gold is just performing much better these days.
The reason you can get junk silver for spot is because dealers buy junk silver from sellers for $3 below spot then they turn around and sell it at spot or $100 above spot and make a kill8ng
What is your opinion of the 2020 1.5 oz. North American Bald Eagle form the R.C.M.? They say the production limit will be only 50k, but with the mint shut down, it should be less. The 2019 polar bear was more like 1.5 million, and they have greatly increased in value.
I bought some Mexican Libertad ounces and they have white yellowish spots on them, how can I clean that? Would that affect the value of them? They look like water stains I put them on hot water with baking soda but the stains did not go away, any thoughts what should I do? Thanks
I feel lucky, I got gen rounds for $1.50 over spot last week. I just got into silver again. I had one question though. What is the difference between stacking and collecting?
Stacking is buying silver no matter what and you look for good prices. Collecting is like you dont matter paying higher prices for some pieces ( who can be difficult maybe to find...) I paid 900 euro for 1kg of libertad proof which a normal kilo would be around 600...but theyre only 500 of those made ....
Alot of collectors collect every date and mint mark and some are valuable that are the key dates. Stackers just buy and hoard silver without worrying about the dates. I do both.
You should get more of those old Mexican Libertads or those Mexican old onzas, you know the ones that have those scales. I think they are really cool coins.
The metals are all overpriced! The premiums are nuts. They (Bullion Houses), sure do not buy at those prices tho!! I'm slowing way down, until I see a definite price move across the board, be it Silver or Gold.
Im one of the newbies to stacking...i have 2 questions. 1.) Why is there a price difference in the same bullion coin with only a slight difference in year? Example: 2020 silver eagle $25/26 vs 2019/2018 $23/24? 2.) Why would a silver eagle cost more than say a rcm maple leaf when a maple leaf is slighly more pure at 4 9s? It would make more sense that you're buying more purity so the maple leaf should cost more? Thanks and thanks for videos. Newly subscribed. I was able to purchase 1st week in march before it started getting too crazy.
Hey i staryed stacking also few months ago so am a newbie as well altough i learned alot;) Think the prices is also a thing for supply and demand. Like he says ase are hot over there. Here in belgium where am from philharmonikers maple leafs and australian coins are a good buy. Silver eagles arz a bit more expensive and mexican libertads the most expensive altough i love them really haha. Cheers and good luck
Rich Stevens the dates on eagles don’t matter for stacking always but the cheapest you can find. the dealers charge more for certain dates to take advantage of people. the eagle costs more than the maple because it is more liquid. 999 is the industry standard for pure silver so 9999 means nothing unless you are using your silver coins for medicine which i’m assuming you are not 😏🔥🐉
Why do you buy coins and not bars?! 100oz bars anything less is not worth buying, I like metals cuz cash is trash that’s it, love ur channel u keep it real
silver its too expensive now. sorry the best times to buy silver is when people are partying and spending a lot of time on stocks, now its not the time.
@@SilverDragons47 I saw this a reached out to a friend that is a comex dealer - he says delivery on small orders is slow but 7-10% premiums. Checking on turn time but may make sense to put a community order together...
Millions of new stackers don’t do their homework and they’ve seen heaps of videos telling them that silver is going to jump up to $100 plus so $26 isn’t really too bad if it’s gonna go so much higher than what they’ve paid. People need to stop listening to the hype and do their own research. 👍
Im a reasonably old hobby/insurance stacker... I dont expect markets to persist or continue to exist. Or anything with a central point of failure...lost relevance.
So I plan on stacking after all this is over I'm just curious of why you don't think it will rise.
I mean its a serious question though prices generally go up with demand and silver is going to be in higher demand especially when country's start phasing out fossil fueled cars and placing requiring solar panels on each building
@@jordanmarshall5424 No one is making solar panels, or mining the resources, or excepting debt for them. We are below replacement cost of capital on existing systems...Game Over.
Jordan Marshall I don’t think demands up as much as everyone thinks it is Chinese solar panels out of action industry shut down all over the place when everyone gets back to work things may change but at this stage I don’t think so for some time yet.👍
I made some huge buys when silver first dropped while you still could buy it driving my averages down to $14.65 an ounce.....I'm done buying anything until we know how this all pans out.
Agreed. I just bought some gold this weekend and I hate to say it but I'm done with silver for now. With premiums so high plus sales tax I would be paying double spot price for silver. With spot price never getting out of the $14-15 range I'm afraid I would never recoup my losses if I bought silver now.
Same. I'm topped out and done stacking at 15,000 Oz. Nice right?
@@murp61 dang. I should've researched more before I bought some. I bought some silver about an hour ago and now I'm watching more silver videos lol. I'm not very smart apparently.
Same, though with the awful VAT here it ended up being closer to 18 bucks, but I reasonably could not have gotten it any cheaper over here if I tried so I still won out.
@@SlingSlangSkrrt. I bought 2 5oz rounds and 2 oz rounds and a silver bar. Probably should just stick to one ounce rounds in the future eh? Or junk silver?
Royal Mint Bullion have been out of stock on silver coins for a while now (unless you want 10oz coins lol). They've just got 3 coins back in stock - a couple of the Queen's Beast 2oz and the Britannia. The Beast coins are selling for £55 each, which is FIFTEEN POUNDS per oz over spot, a massive premium. When I bought them the premium was £5 over spot per oz.
On the flipside, their Britannias are a pretty good deal taking the current situation into account. If you buy 5 or more 1oz coins they're selling at less than £1 over spot (current price per ounce is £12.25, Britannias are going for £13.04 each if you buy 5, £18 if singles.)
We have to factor VAT in here too but even so I just bought 8oz of Britannia's for £125 including tax, which is a very good price right now.
i,ll still buy no matter the price, no place to really sell around here,, cash is more apt to be stolen then pm,s be strong, be safe, and be blessed
russ sherwood agreed.
russ sherwood yep stack on and protect it well my friend! 🔥🐉
Just bought my first 2kg (edit: 64.3000oz) of silver today.
Riff Ferguson hopefully you got a deal. A month or two ago was the time for buyers!
64.3 oz is 2 kilos.
If you have a two kilos that weigh anywhere near 70oz, they are fake!
M G sorry, miscalculation; 64.3000.
Riff Ferguson congrats! stack on my friend! 🔥🐉
I bought 100oz varied coins in March, Friday the 13th to be exact, for $16.74 an ounce. I was sent 4 tubes of sealed 2018 reverse proof maples. Needless to say, I felt like the king of queens.
Thyme to Dream nice job brother.
It is definitely a seller's market at the moment, so people have to either pay up or not buy ....🤔
Silver is still totally awesome but I stack with the mindset of having to sell some of it if something comes up. I had to sell several times in my stacking "career" to get out of a financial bind, unfortunately. That's the reason I can't justify buying silver right now with the low spot price that never seems to move but high premiums that I may never recover from. I would just be losing money.
murp61 give it time. these prices will seem low in the future 🔥🐉
@@SilverDragons47 ...yep!
People-like you highly educated long term stackers- get hung up on current "premiums" for silver. "Oh' that silver is over priced and double spot - its crazy and we wont fall for it".
Or, could it be that physical metals are finally separating from heavily manipulated paper price and starting to head towards its true value? Unless COMEX gets going on stockpiling physical, they dont have enough inventory to satisfy all contracts.
As a realist, for me, buying Roosevelt dimes is a waste of time and paying the premium for those. Good luck convincing the general population those are worth so much more than 10 cent after they've been fleeced by the govt and watched their wealth evaporate.
Clarification - GOLD COMEX contracts are short. Point being spot is just paper and number on a screen and a lie.
Why is buying Roosevelt dimes a waste? Silver is silver, you’re not handing them over to a dude to buy a soda.
But how do you determine its true value? There's nothing that tells us what it is other than the market. Has its market value been unnaturally suppressed? Possibly. But we really don't know its true value. Just that it's not "no value".
But dimes are great, and should be stacked along with other fractionals. But I agree that I don't like silver's high premium right now.
Ready Or not yes the physical price and the spot price are separating. Roosevelt dimes are excellent for stacking. I would never do this buy worst case sell them to a refiner for 80% spot 🙄🔥🐉
I think folks don't often realize that spot price is actually the "paper" price for traders. Which is basically based on industry demands, electronic devices, medical equipment, chemistry needs...etc. The vast majority of the demand has halted, thus a shift in the paper price. However, physical bullion is completely different. These are in hand, created or manufactured for the public. That demand has obviously gone higher due to the current economic crisis, people want to hedge their investments. And now, with the added pressures of closures within the bullion manufacturing sector... it leaves little doubt why premiums are higher. Even on private sales, folks are hesitant to sell because they don't know if they'll be able to restock and for how much. In my opinion, the premium at which people make an exchange... is the true spot price at any given moment. :)
I’ve found that some people are still clueless about what the new prices are like out there. Sure there’s deals somewhere out there, but they are much rarer now than just 4 months ago.
SpegTacular yep way harder to find now for sure! 🔥🐉
I say the premium reflects the market's ultra bullish sentiment on where silver prices are going. It also reflects something of a fear/crisis hedge. I have only recently started stacking physical precious metals despite running five figures in GLD and SLV for over a decade. I'm buying the physical stuff and paying these insane premiums because I'm afraid and because I believe the skyrocketing premiums reflect an excellent stack flipping opportunity to come in the next year or two.
Hey Sd..you remind me so much of when I was younger. I went through the 1980 metals crash. I remember leaving the Port Authority in Manhattan the day gold crashed..and seeing the headlines as I rode out of New York. The money I made doring that run up was fantastic. These times sre so very different snd a lot scarier!! Enjoy learning from you so much. Hopefully the premium will come down so I will feel comfortable to start stscking again. May you and your family stay safe, well and blessed.
Lawrie Foster thanks my friend we will see what happens! 🔥🐉
One thing to consider about the current prices is that there may be a big jump coming in PM's. $30 an ounce today might be deal in a year from now.
Total Bullion it’s possible but we will have to wait and see! 🔥🐉
2020 is the final year of the current design for the Silver Eagle, i have noticed all the tv coin dealers have been pumping that hard and keep referring to 2020 as the "New key date" Silver Eagle
999fine Silver 😂😂😂 no way 🔥🐉
Silver Dragons, I like the way you stack because you buy a little of everything! It's true that Silver Eagles are running out! To much demand for them now! Also buying silver at a few cents above spot price were the good old days! Now them days are gone!
All true points again SD. Great video. Crazy prices right now for sure. May get worse Before it gets better...👍
I started stacking silver in 2008. I sold most of my stack in 2011 and rebought again in 2013. I made a killing. 2020/2021 will make 2008 look like child's play.
Same.
I keep seeing conflicting information. Is now a good time to buy silver and hold it or not?
ZenMaster it’s very possible that will be the case! we will see!!! 🔥🐉
Lucid Anecdote yes it’s a good time just buy it as cheap as you can 🔥🐉
I will never understand the fascination with spot price in retail pricing. The price is what the market says it is. We all realize that supply and demand has found a price equilibrium between $20 - $26 per retail ounce depending on if its generic or premium. People can cry about spot, but retail is not there. It's like crying about the price of toilet paper in the stores because we see wood pulp is priced low. The problem is that for ages the market has been incredibly lazy. It was much easier to base a retail offer in the context of spot rather than determine the actual retail market. As spot became no longer rational to use as a basis for price determination, we get to see the true price of silver. Spot is simply part of the raw material pricing for a given run of production, but it is not the end all be all of pricing. If you can find silver for that price then more power to you, but it's unrealistic to expect the market to discount its own pressures to meet an arbitrary price of raw material.
I just wanted to note, that countries bound in trade with us use those same derivative pricing for commodities. The opposite of free markets, price discovery, or 'capital'ism.
Brad, we have to get back to reality - silver is based on spot. and most items will carry a standard $2-$5 per oz premium, anything above that is beyond the scope of reason.
Brad Bartram
🤔 Sounds very reasonable to me.
Brad Bartram it’s always been about supply and demand. bullion dealers had to sell close to spot because if they didn’t no one would buy 🔥🐉
I have 1.9 ounces of gold which I’m being paid $2000 per ounce for. Thinking of selling all or most of that and buying silver since I’m getting uncirculated Constitutional silver at spot.
I wouldn't!!
$2000 an ounce when spot for gold is $1,700 sounds too good to be true. None the less, the current (April 2020) silver to gold ratio is, a never before seen, 117 to 1. An exchange for 220 ounces in 10 ounce silver bars when silver is at its lowest price in decades, sounds like a good deal, if one assumes that ratio will tend back toward its norm.
Johann's Coins if you are getting junk at spot buy it all 🔥🐉
I used to only save any silver coins I’d find out in the wild so I’d get it only for face value. But I just bought my first bar. Picked up a 10oz for $187.20. I plan on building up a nice stack of them over time.
Should’ve bought gold before it went up 😬 Subbed. 👍
Usa For Pennies yep glad I got in at $1200 🔥🐉
While they’re in the process of gouging the crap out of us right now, the tide will eventually turn again, and they will be begging us to buy again with spot and specials deals. We can wait, while the newbies dish out the huge premiums. It’s not right what’s going on right now, and I refuse to participate (for now).
Silver Dragons 🐉‼️
It’s partly because of you...
That...
I just bit the bullet and ordered a few 5oz US Mint “quarters”. Your vid from a while ago showed a couple, and I just had to own some too!!!
Kalola Wahine lol the ATB coins are cool 😁🔥🐉
Silver Dragons
Right?!? Should come in the mail tomorrow 😝
I’m glad you are,
1st- a husband
2nd- a dad
3rd- a first responder ⛑
& last, a stacker!
I really hope you find out for yourself who JESUS really is. If you just read one of the Gospels ( The Gospel of Luke is my fav.) HE will tell you who HE is.
Riddle:::
Born once, die twice.
Born twice, die once.
🤙🏽
Yes it does matter if you pay $20/oz or $30/oz The only silver I have bought recently is the Niue 2020 Boba Fett which has already gone up in value since I bought them. I bought them because they are a Star Wars cross collectable. I should be able to at least double my money on them.
Ray K oh yeah those are really cool ones for sure 👍🏽🔥🐉
Do you think the 2020 eagle will be a collectable in a few years?
Just a silver eagle that's all. Don't get into the hype of it.
Mike Johnson nope not at all. the 2021 might though especially if there is an error 🔥🐉
I know where that 1993 ASE came from, I am proud that you have keep the capsule in such good shape. inflation has hit the price of physical silver. I believe the physical price will hit $30.00 ozT well before the end of the year, due to helicopter fiat drops.
Sterling Cannabis yes it is a cool piece for sure 😁🔥🐉
If you are a seller, now is your moment to take advantage of it. Once things spin up again...they will FLOOD the market with everything they can to catch the higher price and that will of course force prices down. So if you have any interest in selling, now is your moment.
R D very possible my friend! 🔥🐉
@@SilverDragons47 Don't get me wrong, i think there is plenty of demand and it might take some time to get through all of it but as things calm down and go back to "normal" the premium price and spot price should converge over time. All i am trying to say is if you were on the fence of selling (and you should always know your sell price just like in the stock market if you are a trader/investor/whatever) then taking profit into this where dealers will spend more to get product could be your opportunity. Like with anything else, this is just my opinion.
Great video Silver Dragons! I’m in the same boat, wishing premiums were lower so I can buy more. I wonder if high premiums are the new normal...? Definitely want to trade some of my collector pieces and high premium coins for more American Silver Eagles. ASEs have performed really well!
SilverGold Saver I think premiums are the new norm for now 🔥🐉
It depends if you look on the premiums or the price you paid for 1 oz. Last year spot was much higher but the premiums were much lower. Right now I only buy if I get a really good deal. The premiums for silver you have in the US right now is normal for us in europe, that's why I prefer gold.
Where you located than in europe if you think these premiums are normal? Cheers
Be careful they do that on purpose to keep you from having silver
Andre G yeah I try to buy the good deals as well 🔥🐉
I don't think that you should be evaluating your silver by the cost per ounce. What gold-silver ratio is reasonable to you? If you restrict your purchases to the $14/oz average, you are killing your opportunity to enjoy the upside of silver. The average gold to silver average coming out of the ground is about 8 to 1. With gold going up the price of silver should be going up at a dizzying rate as the rate is so high now. Should gold go up to $2000 per ounce, silver should be around $200 per ounce. The difference $25 versus $200 is what should be considered. Do you want to forgo $175 profit?
john bellinger that is dangerous thinking my
friend. ratios don’t affect the price 🤷🏽♂️ I agree silver is a better but than gold but that doesn’t mean it should go up in value because the ratio is off. It likely will but not for that reason 🔥🐉
@@SilverDragons47 Here's something else for your pipe! When the reset comes, what determines what value will be attributed to gold? If gold is to be the only carrier of value, how does a value of $20k per ounce strike you? A little high??? What is going to lower such a vicious price??? Silver, for sure. How much of that $20k is to be carried by silver??? Once again the decision makers will turn to history, not reality! (And not a ratio.)
I thought west point opened back up after cleaning.🤯
I dont look at the spot price of silver as a measure of its value, I look at the brokers buy prices. That's the actual the price of silver.
I’m taking a small break from ASE’s. I’m focused on AGE’s and I’m currently at 2.5oz of AGE’s.
As long as you don' buy on credit just get as much as you can all the time.It is a feel good thing and it makes ya feel good to bud.Being a Canadian I so love the Maples I always get and now I see more and more spotting with ASE's. No matter it is all about the weight my friend.
Even generic rounds are now selling only average about $3.90 to five dollars per round. I don’t think there is a true shortage there may be a shortage on Eagles but definitely not a shortage on silver rounds and bars this is just a dealers way of making more money.
This is the age old question... Just like the Stock Market is it going to go up in price? or Down? I know one thing and you can look it up....The values of Silver Gold and even many Stocks will go up in time!
Keep stacking. You will look back at this time and think that the prices you see now were low.
shekatagani it could go up or down. If I knew I would be rich 🔥🐉
No planning to get American Silver Eagle... not worth it, rather getting good instead
It is strange to see ASEs going at a higher overall price now that spot price is down. Supply and demand
I stopped stacking and focused on low-cost silver coin collections, with more or less stable prices last five years. Some series became suddenly pricey, like, 5 times more, but I can safely navigate through these waters. let's say you have 15 gr. 999 silver coin which costs 15 dollars. expensive, sure. but same coin costs same like in April 2019. and you know limited issue coin will grow in price no matter what in next ten or twenty years.
So cool! I just got my first $1 face valuevof mercury dimes. I just paid $26 and $28 for 2 silver eagles. Haha I'm such a rookie, but got that mistake out of the way.
I'm here to STACK not Coin Collecting. SILVER is SILVER no matter what is stamped on it. I only stack 10 oz. Bars. I get more bang for my buck!
Great video and all but I've been keeping a great island silver and the prices for a while and trust me when I say the premium has went up equally on almost every silver coin if you're talking about gold coins then yes gold eagles went up more than others but specifically for silver there's almost no difference they all have the same premium
Spot mean absolutely nothing when pricing bullion, bullion coins, or coins. Spot price is a commodity buying price on a basis of 5000 ounces of unprocessed silver. It has nothing to do with silver rounds, bars, bullion or any other minted or processed silver. So, unless you're buying 5000 ounces of ore, spot price means nothing!
Mike Yox so you will sell me 5000 ounces of silver ore at spot? sweet 😁🔥🐉
Baggins Silver Dragons 2020 West Point & San Fran Mint opened back up now, but only around half of of mints running right now, seems like maybe the big show bullion dealers are having more in stock past 2-2 1/2 weeks or so.
Thank you SD‼️
Solid advice as always!
I was pissed about paying $155 for $10 face. Would all the people hyping up the price of silver as "shooting up to $100 per oz" be considered market manipulation?
Rocky Mountain Bear they can try but it won’t have any effect 😂🔥🐉
I'm new to buying silver. I know everyone is talking about premiums being way too high, but is waiting going to make a difference, or will premiums only come down when spot-price goes up? Is it a lose-lose?
When the supply chain will start again, then there will be enough silver flooding the market. That will make the premiums come down. I would stack cash at the moment. What goes up must come down.
Hercule Holmes likely that will be the case 🤷🏽♂️🔥🐉
Good video dragons! I'm sitting on the sidelines and watching for now.
I still buy even now prices won,t go down and if they do they will come back !
Thanks i got from a newbie to " someone who knows what hes doing" in just 5months. Am happy i could start stacking few months ago. Bought few days ago 20 x 2oz kookaburra and babie for 38 a piece . That was the best deal i could find over here haha
Cheers my friend
papaxxbear yes you got in not a moment to soon! 🔥🐉
Around the 12 min mark you started talking about the "price" of silver, that it was feeling to high for you. Continuing the next few minutes, I heard some hope that you'd break the FIAT price spell. I'm hoping everyone does. We can exchange worthless paper fiat for a HARD ASSET. Sure there is some strategy in dollar cost averaging to get the most gold / silver for fiat, but you shouldn't just quit buying it altogether. What is THIS is the time it never goes back down again?
BREAK that spell Dragons. Do you really think that after 10 Trillion more fake fed notes, (in 12 to 18 months) your "dollar" is going to be worth the same? Not a chance. And this is just the beginning of the hockey stick curve of US dollar printing... to its eventual crash.
Once you realize our currency WILL return to its intrinsic value of zero, eventually, nothing but HARD ASSETS will have any value at that time. I'm around if you need help breaking the Fed Fiat Note spell. 😎💪👍
Normal_ Norm
Thumbs Up 👍🏼
So, when SHTF, and paper fiat tanks, how do we use our coins to buy anything?!?
@@kalolawahine9182 Well barter is a pretty natural thing (children do it), if fiat implodes then people will look for other means to get what they need, silver and gold have long been viewed as nice shiny objects and people can tell that it has intrinsic value. It may take a little while but people will adapt. It's most likely that other things will be traded first, the basics like food, services, vices - then silver and gold will be more useful once society is normalising again.
I'm not saying that any of this is guaranteed and that SHTF is a given, but it's not completely unlikely either.
Normal_ Norm it’s very possible we will all be dead long before the USD hits 0 🤷🏽♂️🔥🐉
@@FerventReminder Thats the way I've imagined it as well. I will be using other barter at first, until people are more educated on gold and silver, unless it's something i REALLY need.
@@SilverDragons47 average fiat currency's life span is like 40 years ish. Im 33 and am 100% confident ill live to see the USA $ collapse. Its already lost like 95%+ of its value since the true fiat era started in 1971.
Good vid my friend. I’m comfortable with what I have accumulated for now. I do wish to add more to my stack but with the premiums so high, I’m on hold for now. When and if the premiums come down, I look forward to adding a little gold to the stack😎
Awesome video Dragon’s 👍🏻👍🏻👍🏻 Thanks for sharing 😊
The good old days are gone for now. I love junk silver and the majority of my stack is junk silver. Did you hear about another stimulus checks being talked about?? If it does go through do you think you will buy gold, silver, or platinum?? Awesome video... your like a teacher you teach me things!! LET THE WOOKIE WIN
Silver Wookie yeah if they do more stimulus checks I think gold and silver are great ideas! 🔥🐉
Great video SD.
Yes i have a question. Is all kind of silver equally valuable? : junk, sterling, mint, bullion?
Abhay Chavda nope not all equal. not even close 😂🔥🐉
You have a lot of reading to do!
Partly the high premiums are from no coin shows and coin stores being forced to close. Plus, now is not the time to sell.
i like how you talk with your hands. :) love your videos, brother
NotPerfect JustForgivenToo thanks so much my friend!! 🔥🐉
Just waiting on the 2020 libertads to release and I’ll be done for 2020 silver
Yeah, bring on the Libs!!
Silva_Silver20 I love me some libertads! 🔥🐉
Reminds me of Bob Dylan "times they are changing " very true words!
Coin Group of Minnesota lol yep 😂🔥🐉
You keep flashing those Libertads and I'll have to make a road trip to Mexico cause I can't find them around here!
Haha true i love them, here in belgium theyre expensive
Bricktown Silver 😂😂😂 they are nice 🔥🐉
My lcs sells American Silver Eagles at $28 but will sell you a maple for 21 and a generic buffalo for 20 so yeah the premiums on the ase are crazy
Thank You for the Videos. This was very helpful.
Love a Merc...... Great little coins to view and start with. I remember those sales in 2019. Doubled my stack last year. I got peace dollars for $16 bucks last year........ With a dump truck.
Here it is 10 months later and spot is $26 with a 15 dollar premium silver eagles now go for $38 to $40 an oz with a $26 spot... Too bad.. Buy or dont but it ... Your choice
As long it is for the good I am right on that. Thanks bud.
How do you feel about the limited minted series such as the legalized series they are a 1000 mintage or even the Four Horsemen of the Apocalypse series and do you know if these types of coins can be graded
Do you bother to search through junk silver that you purchase online? I assume they've been searched for key dates, etc so I have left them in the wrapper.But it is fun to search - if I bought from a private source - of course I'd search.
Still true. I bought a 2019 Silver Eagle today from the Mint.
Question.. Can you (public) normally buy straight from the mints producers? I know right now are closed but, when they are open, can you? is a cheaper?? thanks
Thank you for sharing. It was very helpful.
Look at the miners for direction--MAG went up 2 bucks yesterday. Spot price way down.
I remember what I call my first bullion but, was in 2011 spot was around 22-23$ and I bought 10 maples for 30$ a peice.....don't ever worry about overpaying....I still have the maples but not a single dollar left from that year
Robert Reed you might be able to exit soon 🤷🏽♂️🔥🐉
Not happy to pay that price, but didn't have money to purchase silver when it was cheaper, have only been looking into this for a year. Any way cool channel, I enjoy watching you shinny coins. :)
Anna Denaro yeah i’m right there with you. thanks! 🔥🐉
Great video Mr. SD! I'm wondering if they'll still change the design on the ASEs in 2021. I bet that's probably been put on hold.
Bruce Liggett apparently it’s still a go 🤷🏽♂️🔥🐉
They did!
A couple of things I have to mention. The economic value of something is subjective...not objective. Free market = subjective value Communism = objective value. That means that the coins shops, bullion dealers, etc... ARE NOT necessarily taking advantage of anyone. They are simply responding to the market on a Supply vs. Demand basis. What happens when supply goes low and demand goes up? Waiting...waiting...waiting....YES! You got it! The price goes up! By the way, I'm just needling you a bit in a friendly way, so no offense intended at all. Anyway, the unschooled new stacker might be paying $25 or $30 to get some Eagles, but that's okay. You'll pay that to, when your desire to add to your stack gets high enough. If it never does, then you won't add. But Silver is worth whatever people are willing to pay for it. That's how a market price is developed and determined. Price discovery takes place in a free market. The problem we have is that price discovery for metals happens mostly in the paper futures market, which is disconnected from the physical market price. That's why I'm looking at a 15.00/oz. spot price right now and seeing $26, $27, and $28 prices for ASEs. The spot and market prices are diverging pretty hard core, and no one can say what it will take to break their connection entirely or for price discovery to move out of the paper market and into the physical. That's probably better left to the ultimate Creator or Silver & Gold and not to us little humans. Having said that, the best thing we can...in my opinion, is to look for the best price that we can get at any given time, and dollar-cost-average into the metals. So if you were planning on making a purchase with $300, and were hoping to find something in the $17.50 to $19 range, but you can only find prices that range from $24 to $28, you're better off paying than $24 than opting not to purchase at all. The long-term trend for Silver and Gold is up, and it's likely to be up in a very major way, so you're not doing yourself any favors by waiting. Those numbers are all hypothetical by the way. On average, those that D.C.A. end up with a lower cost per ounce over time, than do the people who try to wait out and time the market. My junk Silver has actually stayed at a pretty good price up into April, but I haven't been able to get back into several of the LCSs in my area lately because of the lockdown. I'm hoping that when things reopen, they still have inventory and/or haven't raised their prices significantly. Like I said, if Silver ends up at $38 two years form now, and the market price never drops back down to $20, what happens to our average? You might have a low average, but you'll only have whatever Silver you have. If you're comfortable...you're comfortable, but I definitely would keep buying.
I was buying Junk for .50 in back of spot. And Morgans for $15.70 6 months ago. And i bought i ton of it.
My favorite thing to by is ms Silver dollars
$275 for 10 oz. On Amrican Eagles. Kinda pricey on JM bullion
Total rip off I would go for a 1/10 oz gold coin over that although I admit it's more fun to have a ten oz silver bar. Gold is just performing much better these days.
The reason you can get junk silver for spot is because dealers buy junk silver from sellers for $3 below spot then they turn around and sell it at spot or $100 above spot and make a kill8ng
Constitutional silver all the way baby!!!
That could be the reasons why My order it's taking some time.
I was your 1000 like 👍
What is your opinion of the 2020 1.5 oz. North American Bald Eagle form the R.C.M.? They say the production limit will be only 50k, but with the mint shut down, it should be less. The 2019 polar bear was more like 1.5 million, and they have greatly increased in value.
Mark Carter they are for collecting 🤷🏽♂️🔥🐉
I bought some Mexican Libertad ounces and they have white yellowish spots on them, how can I clean that? Would that affect the value of them? They look like water stains I put them on hot water with baking soda but the stains did not go away, any thoughts what should I do? Thanks
I feel lucky, I got gen rounds for $1.50 over spot last week. I just got into silver again. I had one question though. What is the difference between stacking and collecting?
Stacking is buying silver no matter what and you look for good prices.
Collecting is like you dont matter paying higher prices for some pieces ( who can be difficult maybe to find...) I paid 900 euro for 1kg of libertad proof which a normal kilo would be around 600...but theyre only 500 of those made ....
Alot of collectors collect every date and mint mark and some are valuable that are the key dates. Stackers just buy and hoard silver without worrying about the dates. I do both.
Thomass7878 78 stacking is buying low priced silver and holding it as a savings. collecting is buying whatever you like and want to collect 🤷🏽♂️🔥🐉
No clue where to buy silver.......Where to look into this......and the cost of junk silver.
When you speak of the spot per oz. of precious/semi, Is it for ordinary everyday ounce or the ounce used in coins?
He means Troy ounces.
You should get more of those old Mexican Libertads or those Mexican old onzas, you know the ones that have those scales. I think they are really cool coins.
gold maple I know I buy all I can 🔥🐉
Fractional gold is way to go atm
Agreed. Although premiums are higher fractional gold is easier to buy and sell since most people don't have $1.8k+ laying around for an oz of gold.
Dazedandconfused stacker I do love me some fractionals! 🔥🐉
Silver Dragons I’m going to do a video on 1/10th oz golds as soon as my kook and two others coins get delivered 🐈 🦘.
I got over 20ozs of gold and only one is an one once.
What do you think about stacking Australian Kangaroos 1oz coins?
The metals are all overpriced! The premiums are nuts. They (Bullion Houses), sure do not buy at those prices tho!! I'm slowing way down, until I see a definite price move across the board, be it Silver or Gold.
Im one of the newbies to stacking...i have 2 questions. 1.) Why is there a price difference in the same bullion coin with only a slight difference in year? Example: 2020 silver eagle $25/26 vs 2019/2018 $23/24?
2.) Why would a silver eagle cost more than say a rcm maple leaf when a maple leaf is slighly more pure at 4 9s? It would make more sense that you're buying more purity so the maple leaf should cost more?
Thanks and thanks for videos. Newly subscribed. I was able to purchase 1st week in march before it started getting too crazy.
Hey i staryed stacking also few months ago so am a newbie as well altough i learned alot;)
Think the prices is also a thing for supply and demand. Like he says ase are hot over there.
Here in belgium where am from philharmonikers maple leafs and australian coins are a good buy. Silver eagles arz a bit more expensive and mexican libertads the most expensive altough i love them really haha.
Cheers and good luck
Rich Stevens the dates on eagles don’t matter for stacking always but the cheapest you can find. the dealers charge more
for certain dates to take advantage of people. the eagle costs more than the maple because it is more liquid. 999 is the industry standard for pure silver so 9999 means nothing unless you are using your silver coins for medicine which i’m assuming you are not 😏🔥🐉
@@SilverDragons47 awesome thanks! 👍
Why do you buy coins and not bars?! 100oz bars anything less is not worth buying, I like metals cuz cash is trash that’s it, love ur channel u keep it real
the cdn mint is just making comex bars right now
Are there any issues with buying 10 oz silver bars? Are they hard to sell?
Dan Stinson nope those are a great option! 🔥🐉
silver its too expensive now. sorry
the best times to buy silver is when people are partying and spending a lot of time on stocks, now its not the time.
2020 will be the year to buy copper/nickle/clad coins
new england endler yeah honestly if you are into numismatics you might have a few home runs 🤷🏽♂️🔥🐉
Comex, 5% over spot, any quantity, down to 1 ounce... always available.
Value Hunter where is the tutorial? 😏🔥🐉
@@SilverDragons47 I saw this a reached out to a friend that is a comex dealer - he says delivery on small orders is slow but 7-10% premiums. Checking on turn time but may make sense to put a community order together...