Silver coins/rounds question

[roberth]

/snip

There's supposedly far more silver traded on the futures market than there is produced every year, so there's supposedly a supply/demand deficit. There's a lot of analysts saying there's not enough supply to meet the demands, yet the price is way too low. I just wish I had the means to load up on it while it's down right now.

Paper vs physical. People sell paper shares of physical metals, selling the same ounces over and over again, wait til the paper holders try to collect on the physical metals.

The banks are doing the same thing with financial instruments like the mortgage on your house.

[sellersm]

I just wish I had the means to load up on it while it's down right now.

^This.

[Sawin]

I'll keep watching it the next few weeks and reading. There's speculation either way, but silver's up 5% just today...

[ChunkyMonkey]

While silver bullion is one of the better way to leverage against the inflation, look into numismatic silver also. My ms70 silver from the 2000s worth upto 10x the current silver spot price now.

[Sawin]

While silver bullion is one of the better way to leverage against the inflation, look into numismatic silver also. My ms70 silver from the 2000s worth up to 10x the current silver spot price now.

If I had any, I'd sell them now and convert to bullion. But that's just me.

IMHO and the way I understand it, a large portion of the value of numismatics comes from their historical/collectable contexts, not solely the metal content of them. If currency devaluation like inflation or reserve currency changes were to occur and a true "economic collapse" takes hold, the historical and collectable aspects could be worth moot. The metal content is the only thing that really has any level of assured future value... maybe I'm wrong, but I opt for the cheap .999 bullion rounds and ingots, and will not pay a premium just to have the collectable ones like Eagles, Pandas, etc for the same reason...

[ChunkyMonkey]

If I had any, I'd sell them now and convert to bullion. But that's just me.

IMHO and the way I understand it, a large portion of the value of numismatics comes from their historical/collectable contexts, not solely the metal content of them. If currency devaluation like inflation or reserve currency changes were to occur and a true "economic collapse" takes hold, the historical and collectable aspects could be worth moot. The metal content is the only thing that really has any level of assured future value... maybe I'm wrong, but I opt for the cheap .999 bullion rounds and ingots, and will not pay a premium just to have the collectable ones like Eagles, Pandas, etc for the same reason...

You actually hit 2 birds w/ one stone by collecting numismatics. Sold my 1986 ngc ms70 1 oz silver eagle... for $670. I have a collection of complete silver eagle.. ms70 and ms69 from 1986-2013. In Bullion, it's only worth $560. Care to estimate the ms70 value?

[Sawin]

You actually hit 2 birds w/ one stone by collecting numismatics. Sold my 1986 ngc ms70 1 oz silver eagle... for $670. I have a collection of complete silver eagle.. ms70 and ms69 from 1986-2013. In Bullion, it's only worth $560. Care to estimate the ms70 value?

The sky's the limit and you've got a terrific thing going as long as you're viewing them as an investment in a stable economy. My point is that if something gives way and the economic environment changes... you will not be able to turn their value in to anything useful, at least not in the short term, and at least not their ACTUAL value. Your kids might someday, assuming they keep them safe and don't swindle them, but for purposes of flexibility and stability irrespective of economic condition, I won't commit that much $ to them...

[ChunkyMonkey]

The sky's the limit and you've got a terrific thing going as long as you're viewing them as an investment in a stable economy. My point is that if something gives way and the economic environment changes... you will not be able to turn their value in to anything useful, at least not in the short term. Your kids might someday, assuming they keep them safe and don't swindle them, but for purposes of flexibility and stability irrespective of economic condition, I won't commit that much $ to them...

Understood. In my case, I dont have a penny in stock. All of my IRA is either in properties, silver and gold. I think you misunderstood the whole certified coin thing... because like silver and gold its price increases tremendously during recession and market instability. I also have easier time selling them compare to bullion. For some reason noone wants to buy my bullion at market price, while, I keep buying bullions at market plus premium -- so I am losing real dollar money on bullion.

As like many of you I dont believe in US$ any longer. However, to me a bullion in the safe is like US$ in the bank.. earning nothing at the inflation rate. This may sound real corny, but I watched rich dad poor dad seminar in 2009, and Robert Kiyosaki convinced me. Part of his teaching is Silver and gold as one of asset classes. We have monthly delivery of silver eagle tube, and few ms70 from NGC. Making tons of gain out of properties and numismatic silver... plus it's not trackable by the big brother hint hint.

[roberth]

If I had any, I'd sell them now and convert to bullion. But that's just me.

IMHO and the way I understand it, a large portion of the value of numismatics comes from their historical/collectable contexts, not solely the metal content of them. If currency devaluation like inflation or reserve currency changes were to occur and a true "economic collapse" takes hold, the historical and collectable aspects could be worth moot. The metal content is the only thing that really has any level of assured future value... maybe I'm wrong, but I opt for the cheap .999 bullion rounds and ingots, and will not pay a premium just to have the collectable ones like Eagles, Pandas, etc for the same reason...

You're thinking like a prepper and that is a good thing! An ounce is an ounce is an ounce, when the balloon goes up no one will care that the coin is a 1887 whatchamacallit.

[ChunkyMonkey]

You're thinking like a prepper and that is a good thing! An ounce is an ounce is an ounce, when the balloon goes up no one will care that the coin is a 1887 whatchamacallit.

While it's good to think like a prepper... it's also good to have financial stability and growth. When the SHTF moment comes, you will be ready no matter what - til then, some of us actually triple/quadruple our silver every few months by making the right investment.