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Old 10-01-2013, 09:32 PM   #1 (permalink)
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Default Is it worth it?

I have been buying just standard Bars and SE's.

Is it worth the $8-10 above spot for the kooks,pandas,leafs,pamp bars, etc.

Will they always carry a premium above spot or should I keep buying basic stuff for around $2 above spot.
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Old 10-01-2013, 09:59 PM   #2 (permalink)
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Look up 2012 1 oz silver pandas. They are about $8 higher than 2013. Or look up 2011 and you will see even higher. I wouldn't go crazy on them because who knows what the demand actually is. I'm sure you could sell what you were planning to buy though since we talked yesterday and it doesn't seem like you are buying hundreds of them hah.

Leafs I don't think are worth it, but it is nice they are the only mint that puts .9999.

I only buy 1 oz rounds for silver. I bought a Pamp 1 gram bar hah.
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Old 10-01-2013, 10:03 PM   #3 (permalink)
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I know the older Pandas are more money but I think I missed my chance on those ones. They are too high for me now
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Old 10-01-2013, 10:10 PM   #4 (permalink)
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and newer Panda's will never reach those prices, they increased production in 2013, they now are the #2 bullion coin(may be # 3 behind the Maple Leaf) behind the ASE

Leafs, are usually only $2-3 over spot, nowhere near $8-10, don't buy at that price. PAMP holds their premiums(I have owned 1,000's of the 1 oz bars), but I would never recommend them to any one, due to the large # of fake PAMP's( and since they are sealed you wouldn't know)
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Old 10-01-2013, 10:14 PM   #5 (permalink)
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I would recommend sticking with ASE's, not sure if you have tried to sell any silver but, if you were to try and sell a roll of Leafs, Philharmonics, or generic rounds,they will sell, but ASE's FLY, when I list them for sale.
My last big sale, I sold 2 full monster boxes of ASE'S(50 rolls), before I sold 2 rolls of generics(even though they were $40 per roll cheaper)
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Old 10-01-2013, 10:33 PM   #6 (permalink)
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Thanks for the advice, I currently dont have any Panda's that's why I was asking. I want to have a more diverse collection and didn't know weather I should get Panda's, kooks or Leafs
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Old 10-01-2013, 10:35 PM   #7 (permalink)
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Buy 100 oz bars
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Old 10-01-2013, 10:36 PM   #8 (permalink)
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Buy 100 oz bars
Not all of us have 2k+ to spend lol. Not exactly in my budget
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Old 10-01-2013, 10:40 PM   #9 (permalink)
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Plus I would be too worried about fakes and I think in the future 100 1 ounce bars would be easier to sell than 1 100 ounce bar...seems like I would only be able to sell that to a big distributor whereas the small ones I could piece out to other collectors
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Old 10-01-2013, 10:42 PM   #10 (permalink)
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I just got one of those and thought it was pretty nice. Get it from a reputable dealer and your good. You would be surprised though at the market for that big of a bar though. I understand where you are coming from however. I would do 100 coins however the premium seemed greater and more work than doing so in bulk. I have both however. If I buy silver rounds I only purchase sports related ones as I think there neat.
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Old 10-01-2013, 10:45 PM   #11 (permalink)
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Quote:
Originally Posted by Whodey14 View Post
I just got one of those and thought it was pretty nice. Get it from a reputable dealer and your good. You would be surprised though at the market for that big of a bar though. I understand where you are coming from however. I would do 100 coins however the premium seemed greater and more work than doing so in bulk. I have both however. If I buy silver rounds I only purchase sports related ones as I think there neat.
Maybe in the future I can get one but I have 2 10 ounce bars and about 15 one ounce. I personally would rather just have different sizes than one big one
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Old 10-01-2013, 10:47 PM   #12 (permalink)
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One thing I will say is that 100oz is surprisingly heavier than I expected haha.
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Old 10-01-2013, 10:49 PM   #13 (permalink)
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100 oz bars( if you can afford them), is the easiest way to turn a profit, in PM's( besides ETF's and such). You can buy them from .49-.99 over spot, once you have 5, sell them to APMEX, for those who can buy 5 at once, if they know how to time the market, can make a grand or two, in a few hours time.
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Old 10-01-2013, 10:50 PM   #14 (permalink)
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Quote:
Originally Posted by Whodey14 View Post
One thing I will say is that 100oz is surprisingly heavier than I expected haha.
I would imagine! I would love to see the UPS driver's face who delivered that
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Old 10-01-2013, 10:50 PM   #15 (permalink)
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Quote:
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One thing I will say is that 100oz is surprisingly heavier than I expected haha.
That they are. You should try picking up a COMEX 1,000oz bar. Damn near 70 lbs, but oh so amazing.
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Old 10-01-2013, 10:52 PM   #16 (permalink)
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That they are. You should try picking up a COMEX 1,000oz bar. Damn near 70 lbs, but oh so amazing.
Where can you find one of those?? Not sure I want to invest 20k in silver though ahah.
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Old 10-01-2013, 11:00 PM   #17 (permalink)
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Apmex, sells them, yeah I don't know anyone who invests in Silver who buys them for their personal stash, they are usually delivered to Comex futures exchange, for metal backed IRA's
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Old 10-01-2013, 11:34 PM   #18 (permalink)
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Found some Panda's I may buy. Its really amazing how much the prices go up the further you go back
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Old 10-02-2013, 10:50 AM   #19 (permalink)
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The only reason to buy those types of coins is for the premium. You can almost always get your money back plus some when selling in the future. The mintage is what drives the premiums and that's why ASE doesn't carry much is because there are millions of coins made every year. Kooks carry around $5 premium when new but they only mint 500k in the recent years. Older ones sell for almost double spot price. Every few orders of 10oz, pick up a 10oz Kook instead or something. I think Libertads also come in 10oz sizes.

If you purely want to stack and accumulate silver, buy generics (ASE/Maples too) and nothing else.

If you like the collectivity aspect, pick up a few "premium" coins that are graded MS69/70 and hold for a few years.
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Old 10-02-2013, 11:52 AM   #20 (permalink)
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How much of a difference does it make in value from a MS69 to a MS70.

Say its the exact same coin. Not a rare coin just something from recent years that sells for say $25-30 uncertified.
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Old 10-02-2013, 12:02 PM   #21 (permalink)
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Don't buy any modern coins graded, it is the biggest waste of money around. Damn near every modern coin is a MS69 already. grading of modern coins it to take all the new suckers in the industry, don't fall for it.


And if you are buying Kooks stick to the 1 oz coins, they don't limit mintages on the bigger pieces. So they don't command the premiums down the line, plus most collectors buy the 1 oz coins. But the 1 kilo coins are a sight to behold.
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Old 10-02-2013, 12:04 PM   #22 (permalink)
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Quote:
Originally Posted by twoten01 View Post
Don't buy any modern coins graded, it is the biggest waste of money around. Damn near every modern coin is a MS69 already. grading of modern coins it to take all the new suckers in the industry, don't fall for it.


And if you are buying Kooks stick to the 1 oz coins, they don't limit mintages on the bigger pieces. So they don't command the premiums down the line, plus most collectors buy the 1 oz coins. But the 1 kilo coins are a sight to behold.
Thanks for the info!
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Old 10-02-2013, 12:18 PM   #23 (permalink)
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Do any of you travel to Florida for the FUN Shows? My father-in-law organizes them. I've been to a couple of their shows. Impressive to say the least.
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Old 10-02-2013, 12:33 PM   #24 (permalink)
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No I haven't but I have heard great things about them. I have not been to a show since the late 80's/early 90's with my uncle. I would imagine there are some amazing graded coins there.( I love people's faces when I tell them there are multiple pennies that sell in the 5 figure range or more).
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Old 10-02-2013, 01:02 PM   #25 (permalink)
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No I haven't but I have heard great things about them. I have not been to a show since the late 80's/early 90's with my uncle. I would imagine there are some amazing graded coins there.( I love people's faces when I tell them there are multiple pennies that sell in the 5 figure range or more).
The last show I attended had several pennies on display that were worth north of $1 million. I don't know the specifics. They were not for sale.

My wife panned for gold and we had our picture taken with the renowned Abe Lincoln impersonator.

I don't know how it compares to other 'national type' shows. Guys come from all over the country with multiple millions in inventory. The logistics of that much value amazes me.

After reading the high costs to attend the card shows around the country, I was shocked that FUN doesn't charge show goers.

http://funtopics.com/
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