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hector6man
Penny Pincher Member
USA
129 Posts |
 Posted - 06/01/2008 : 22:20:46
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I've always wanted to know why purchase American Silver Eagles, instead of purchasing Regular Silver Rounds? You get more if you buy Silver Round and you'll pay less in premium then you would ASE. Help!!!
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"Ninety-nine percent of the failures come from people who have the habit of making excuses." -George Washington
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 06/01/2008 : 22:35:14
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| You are correct...there is a collector's premium on ASE's. So if your goal is to obtain as much silver bullion as you can, then you're better off with the rounds as they will generally come in at a lower fixed rate over spot versus the ASE's. When buying one or maybe a small handful, the difference is small. On larger purchases though, the difference can be alot. Either way, you're obtaining silver and can't go wrong. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 06/02/2008 : 07:02:54
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quote:
Originally posted by CoinHunter53562
You are correct...there is a collector's premium on ASE's. So if your goal is to obtain as much silver bullion as you can, then you're better off with the rounds as they will generally come in at a lower fixed rate over spot versus the ASE's. When buying one or maybe a small handful, the difference is small. On larger purchases though, the difference can be alot. Either way, you're obtaining silver and can't go wrong.
Not true. I get circulated, (not perfect), condition for the same prices as generic rounds/bars. IF you pay a premium for uncirculated, then you can usually sell for a small premium. Many people prefer the Eagles.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 06/02/2008 : 07:14:07
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| Why not pay a little premium for a double play? ASEs rule (I wouldn't even take rounds in trade unless they were very unique/free of tarnish. |
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 06/02/2008 : 07:27:32
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hector6man
I've always wanted to know why purchase American Silver Eagles, instead of purchasing Regular Silver Rounds?
Silver rounds are fine when your selling to bullion dealers.
American Silver Eagles are better to sell to individuals because they are trusted to be the proper weight and purity.
1996 American Silver Eagles (unc.) carry a very good premium.$40-$60 |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 06/02/2008 : 08:02:31
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quote:
Not true. I get circulated, (not perfect), condition for the same prices as generic rounds/bars. IF you pay a premium for uncirculated, then you can usually sell for a small premium. Many people prefer the Eagles.
Deal
I guess it depends where you are but here in Madison I have scoped out the few coin shops. Every one of them has the ASE's priced higher than the generic rounds or even JM or Engelhard rounds/bars. It's not a big difference, but if you're going to buy say 100 pieces then it could add up. Here's a breakdown of the average prices they are doing:
Generic or JM or Engelhard rounds/bars $1.00 over spot
Slightly blemished ASE's $2.00 over spot
Uncirculated ASE's $3.50 over spot |
My hobby: collecting real money 1 copper cent or nickel at a time.
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hector6man
Penny Pincher Member
USA
129 Posts |
Posted - 06/02/2008 : 11:31:17
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Lets say you invested $10,000 into ASE's you would get 525 ounce's. And if you where going to invest the same $10,000 into rounds you would get 570 ounces at today market value, thats an extra 45 ounce. Thats 2 tubes full of silver at a value of $800. What I want to know is how will this investment (rounds) hurt me in the future when trying to sell? Would people favor Eagles over Rounds? Or will they be just the same?
I got my quote on the ASE's @ Apmex.com
I got my quote on the Rounds @ NorthWest Territorial Mint |
"Ninety-nine percent of the failures come from people who have the habit of making excuses." -George Washington
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Edited by - hector6man on 06/02/2008 11:33:10 |
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tmaring
Penny Collector Member
USA
302 Posts |
Posted - 06/02/2008 : 13:06:30
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quote:
Originally posted by hector6man
Lets say you invested $10,000 into ASE's you would get 525 ounce's. And if you where going to invest the same $10,000 into rounds you would get 570 ounces at today market value, thats an extra 45 ounce. Thats 2 tubes full of silver at a value of $800. What I want to know is how will this investment (rounds) hurt me in the future when trying to sell? Would people favor Eagles over Rounds? Or will they be just the same?
Good question! It all depends on what people like I guess. I personally like circulated average grade Peace dollars... to me they are the most beautiful coin the US ever made. I also really like the restrikes of the 1780 Maria Teresa thaler. Those are freakin gorgeous... a real tour-de-force of the minter's art... yet they go for a very small premium. There will always be differences in the premium depending on what people like, but there is also the matter of certainty of identity. That is... generic rounds and bars have the highest chance of being something other than silver. I have had bullion offered to me, marked .999 fine silver, but which turned out to be zinc. I only found that out because I was willing to do a few tests on it. Brand name bars offer better certainty, and well known coin types are even better. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 06/02/2008 : 13:14:27
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quote:
What I want to know is how will this investment (rounds) hurt me in the future when trying to sell? Would people favor Eagles over Rounds? Or will they be just the same?
Good question but if you are obtaining silver as a way to protect yourself if TSHTF, I dont think people are going to care much if you have 1 ounce in the form of an ASE or in the form of a generic round. So it all depends on your goals/reasons for obtaining silver. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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fiatboy
Administrator
912 Posts |
Posted - 06/02/2008 : 14:15:47
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quote:
Silver rounds are fine when your selling to bullion dealers.
American Silver Eagles are better to sell to individuals because they are trusted to be the proper weight and purity.
1996 American Silver Eagles (unc.) carry a very good premium.$40-$60
Great points.
Most dealers in my area pay the same for rounds and Eagles (and Maples and Libertads, etc.), but most individuals obviously prefer Eagles.
I suppose a lot depends on your exit strategy, namely whom you intend to sell to?
I say get the most silver for your fiat, but that's me. Many dealers do sell culled, tarnished, or low-grade Eagles at the same price as silver rounds, but you have to ask. |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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natsb88
Administrator
USA
1850 Posts |
Posted - 06/02/2008 : 20:19:55
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| With the exception of a few Engelhard bars I really liked, I've always just gone for the cheapest silver I could find. Sometimes I get Eagles in the mix, sometimes not... |
Nate
The Copper Cave
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n/a
deleted
139 Posts |
Posted - 06/02/2008 : 20:46:25
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i like the 90% junk silver bags-sometimes can get it under spot.
eagles are too high of a premium(unc)in RI (23-25$).
in other words i agree with natsb88...i get whats cheaper.
i got a roll of eagles one time for spot. takes a lot of looking, but its out there.
today i got my ebay coins, i got 5 walkers for 32.02 shipped(6.404 ea.) not too too bad,but
when i opened the package there were 6 walkers and a note saying "i included an extra coin for your fast payment" so i got 6 walkers for 32.02 shipped(5.34ea.) even better. the guys ebay feedbacks were only 12 but hes gonna get a really nice 13th one. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 06/03/2008 : 12:18:09
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when i opened the package there were 6 walkers and a note saying "i included an extra coin for your fast payment" so i got 6 walkers for 32.02 shipped(5.34ea.) even better. the guys ebay feedbacks were only 12 but hes gonna get a really nice 13th one.
That's a nice extra but I am a bit surprised that he threw in that level of added value on a small auction. I have had people add a silver war nickel or a couple of wheat cents but not 20% value of the original auction. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 06/03/2008 : 17:07:49
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quote:
Originally posted by NotABigDeal
quote:
Originally posted by CoinHunter53562
You are correct...there is a collector's premium on ASE's. So if your goal is to obtain as much silver bullion as you can, then you're better off with the rounds as they will generally come in at a lower fixed rate over spot versus the ASE's. When buying one or maybe a small handful, the difference is small. On larger purchases though, the difference can be alot. Either way, you're obtaining silver and can't go wrong.
Not true. I get circulated, (not perfect), condition for the same prices as generic rounds/bars. IF you pay a premium for uncirculated, then you can usually sell for a small premium. Many people prefer the Eagles.
Deal
Same here. My dealer gives me a choice of circulated ASEs or rounds for the same price. I usually take the circulated ASEs though. When I buy silver I'm buying silver for its bullion value .999% of the time. |
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Think positive. |
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Know Common Cents
Penny Pincher Member
195 Posts |
Posted - 06/03/2008 : 18:53:59
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| I vote for the rounds and always have. When available, I go for the Englehard Prospectors. |
Here in Wisconsin, we have some of the highest property and gasoline taxes in the US. We're squeezed so much, I have to make my daughter wear penny boxes for shoes. At least she has an endless supply. |
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nckt
Penny Collector Member
USA
304 Posts |
Posted - 06/03/2008 : 19:31:29
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| i have a few books full of silver rounds, i like collecting a bunch of different interesting rounds, some of them are very unique. I also buy a few Eagles every once in a while at spot when my dealer has them in, but they are all the same. I can look at my round collection for a while, but i can only look so long at the same coin after the same coin after the same coin ect.. |
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fb101
Administrator
USA
2856 Posts |
Posted - 06/03/2008 : 21:39:45
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| You have to scout the area for best prices on eagles. Most of the area dealers want the $21 or so, but I called around and found one dealer who will do any year but 96 for spot +$1.25 |
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Edited by - fb101 on 06/04/2008 07:12:09 |
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 06/04/2008 : 02:49:14
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| I have had lots of SAEs and never paid more than a generic coin would have cost. That has included several slabbed coins too. If you don't want to pay the premium you don't have to. Generic is just as good. |
A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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n/a
deleted
3 Posts |
Posted - 06/04/2008 : 11:06:46
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| Good thread. I just started to acquire some silver. Mostly like to have barter ITSHTF. I got a blem ASE and 4 blem bars on ebay at not too much over spot. Folks on there don't seem to care what they pay? I'm in Louisville, KY. Where's my good dealer for rounds and circ ASE's? I'll purchase small amounts over time. Thanks |
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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 06/04/2008 : 20:10:18
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quote:
Originally posted by Know Common Cents
I vote for the rounds and always have. When available, I go for the Englehard Prospectors.
I like the prospectors too, as well as JM bars. There are almost always some of those in stock where I buy. Englehard and Johnson Matthey are as well-respected as the U.S. Mint these days, anyway. 
However, I draw the line at the rounds with stuff like Santa Claus on them that say "Merry Christmas", or the ones with NASCAR racers on them.  |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
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natsb88
Administrator
USA
1850 Posts |
Posted - 06/04/2008 : 20:17:22
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quote:
Originally posted by Ant
However, I draw the line at the rounds with stuff like Santa Claus on them that say "Merry Christmas", or the ones with NASCAR racers on them.
Haha, I have some of both of those. They were cheap though... |
Nate
The Copper Cave
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n/a
deleted
12 Posts |
Posted - 06/04/2008 : 23:01:24
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I used to usually purchase just SAE's for silver but when the split from market price and traded price seemed to happen a few months back, I switched to generic. I could usually get SAE for $2 over spot which I was fine with paying for the added bonus of recognizability and face value. But once silver took a tumble from $21 back to the teens, I haven't been able to find any, sans the net which I don't like transacting on, SAE's for less than $4-5 over spot which is too much. This one shop was still at $25 when eagles were at $17. Generic is nice since it is usually, for me, .65 over spot per ounce. The only downside is some may not think as highly of it if you sell, especially if they have things like garfield on the coin...johnson mathey and engelhard are usually okay though
But if looking for the lowest over spot AND recognizability maples are the way to go, in my opinion. Lowest over spot for gov issues (stay away from kooks and pandas unless you just like the design). Generally less than $2 over spot and has a face value of $5 |
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darsemnos
Penny Sorter Member
96 Posts |
Posted - 06/08/2008 : 19:05:27
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| Why not pre-64 dimes and quarters? 90% is not too bad, and no one is going to doubt the authenticity will they? |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 06/08/2008 : 22:39:12
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Why not pre-64 dimes and quarters? 90% is not too bad, and no one is going to doubt the authenticity will they?
My focus is probably 75-80% on 90% silver. The main reason is that I can get silver at below melt this way. Also, if TSHTF and Federal Reserve Notes become nearly worthless, these coins may be the used as they were originally designed...as money. I do like to diversify the portfolio though and get ASE's and generic rounds to complete the other 20-25% of my silver purchases. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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mooski
Penny Sorter Member
USA
61 Posts |
Posted - 06/09/2008 : 06:45:00
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| I personally stay away from 'nice' ASE's. My local coin stores will sell me Eagles at the regular round rate (spot +.75 here) if they've been dinged up or whatever.I have also gone down to the Northwest Territorial Mint here in the Seattle area and bought a bunch of rounds. (I've even done the tour and watched Russ feed the fish...)But as far as a 'recognized' silver in case the SHTF, nothing can beat 90% silver. It's recognized, it's 'small' enough for regular purchases, you don't have to 'explain' what it is, and the buy-sell spread on it is about $.70 - $1.00 an ounce.The biggest problem with AGE's is that if they get dinged up, or tarnished, well, you just lost a bunch of money on possible resale value.-M |
Sorting and hoarding in Seattle, WA |
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Alpacafarmer
Penny Pincher Member
130 Posts |
Posted - 06/09/2008 : 09:05:01
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| I love my local coin store. I can walk in any day of the week and buy ASE's at $1 back of spot. Needless to say I buy a lot of coins from this guy. Last month at a coin auction I bought an ASE for $12.50. I still prefer 90% in bulk because I can generally get it a good bit below melt and then go through and pull out a few coins that have good numistic value. Example bought a bag of 1082 mercury dimes and pulled 9 one of which was an AU 1918 worth $40+ that will bring the cost down on all of them. |
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American Silver Eagles or Regular Silver Rounds?
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