I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly,... Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
Same. You do get it back when you sell and they are the most recognizable silver coins in the US (besides Morgan dollars and pre-64 coins.) And they make me happy. : )
@@chanceberg832 you can sell any number of eagles, not eagle rounds, just us mint eagles without generating a tax form and a holding period. If you sell bullion to a shop the shop has to keep it on hand for 30 days in case it was stolen, causing opportunity cost, and therefore a lower sale value. Bullion also causes you to file a tax form for capital gains tax if you sell a certain amount I can't remember off the top of my head. 90% "junk" silver, or circulated money, is only taxed if you sell $1000 face value of the coins, so these are better with sale price, and no holding period. Eagles never generate the tax form ever, and require no hold period, and therefore you pay a higher premium to obtain, and sell for a higher premium.
Hi Silver Dragons! Those two coins that you are wondering how much silver contains, is Greek 30 Drachmas of 1963. Purity is 0.835 and each one contains 0.4832 troy ounce. Keep the good work! Greetings from Greece!
I just bought one on Saturday out of a bin of junk silver. I knew it wouldn’t be a an investment piece, but I like the way it looks. After studying it with a magnifying glass I figured it was Greek, but I would like to know more about it. So thank you for posting.
@@davidarmstrong7628 he's using the phrase that is commonly used to designate that group of coins. It's basic communication skills, nothing shameful about it. What's shameful are self-appointed language police.
Selling the coin back means a lot for me. The American Silver Eagle is the easiest to sell back, not reportable, can sell large amounts easier and the high premium will always be there. I have been buying silver eagles from 2009 and even back then the premium was higher than others but I am glad I bought them because now the premium is even higher.
I agree, some people are just stuck in the past!.....these "premiums" are likely the NEW Normal.......Eagle is a US Mint coin, it's still a Safe and Easy choice....... it's Not generic silver where you Can't even move it.
Supposedly the increase in premiums has started from the suppliers due to the downward price manipulation on the comex. Naturally the lcs is passing on the additional premium to the end user.
@@judymichaud4081 well a lot of people trust the eagles more, i think, the right alloy mixture of steel can look identical to silver and probably barter system will prefer the eagles because they have more proofs to check for fakes
I was a coin collector before a stacker, I love foreign silver. I get it 10% over spot. I take time to put them into flips and label what they are and what percent and asw is in them. I enjoy finding diff countries because most of it came back with people on vacation from those time periods. The history behind each coin, is very cool and it’s cool to see what other countries were doing, and capable of at the same time period as us. If push came to shove, silver is silver and if it’s all labeled properly it won’t be a headache to sell
I agree with all 5 of these. It's also too bad about the collectibles. I see those all of the time and think "yeah! I'd like to have some of those" but then I look at the price and I'm like "I'll never be able to get my money back!"
Same. I saw a 2.5 oz sword the other day, and it was beautiful. But it was around $130 for 2.5 oz of silver. I just couldn't bring myself to do it If it had been 3.5 oz for that price i probably could have talked myself into splurging on something just to collect. But knowing is only 50 something dollars worth of silver, it seemed like too much
It's annoying how high the premiums are on ASE's, but most LCS are buying them back for several dollars over spot, and the "spread" between the Buy and Sell price seems in line with the spread on other silver. If your goal is to stack max ounces for your dollar, I get avoiding ASEs, but ASEs are holding value as much as ever. I tend to dislike generic rounds and gimmicky graphic rounds / bars. Anything sovereign and instantly recognizable still looks really attractive.
@@SilverDragons47 but in 1 of your previous videos, you stated that the ase's are the most recognized in the world, so won't it still be worth it, but just cut back on the quantity and frequency you buy it?
ASE's are a prime example of supply and demand. But just because something is limited does not make it valuable. My silver rounds are not limited, but local shops offer me a little over spot. The ASE premium is taking advantage of stackers. One day it's premium will return to normal when the U.S. mint is going hard again. The sad truth is our government does not care if they are minting enough silver or gold coins. ASE is basically a numismatic coin at this point in time.
I have all of the Chinese pandas. I think it is one of the most beautiful coins on the market. Mine are graded and include large and small dates. But I'm a collector.
And now, if you sell more than $600 worth of items per year, eBay sends your sales information to the IRS. That was one of several reasons why I stopped using eBay. It’s so stupid because you can’t even sell old stuff that you need to get rid of that has accumulated in your basement. The IRS just assumes that you’re running a business and “profiting.” So now, to sell unneeded stuff, you need to be able to show the IRS how much you originally paid for an item and how much it sold for on eBay. Ridiculous. Who keeps receipts from back in the day when they first bought something?
I collect Canadian Maples, American Eagles, Morgans, Peace silver, some junk silver, nothing outside of North America, all 80% and 90% silver, makes it easier to sell and I can relate to both. Foreign coins are a crapshoot, hard to know what percentage of silver they contain unless you're an expert.
Hey Silver Dragons, love your videos. Always very informative. I agree with all your points. I’ve been focusing on the lower premium bullion coins or rounds. There’s a few coins I will buy even though they have a high premium, such as Libertad’s and Morgan dollars!
@@SilverDragons47 funny your recent video not long ago said how high priced marvel coins are now... $150 for Spiderman and if ya bought it at $40-50 few years ago... well that's 3x the silver when you resell and buy bullion silver. So you really suck at your job
@@SilverDragons47 And it’s a damn shame too. I love the ASEs. My hope is this; if enough people get on board on not buying them perhaps the premiums will come down to a more reasonable level.
So today in the same change I got back from the store there was a bicentennial quarter and a 1964 Roosevelt dime. So I consider that an absolute win. This is nothing to do with the video. I'm just excited.
I knew Eagles were going to make this list. Yeah practicality is really important in stacking and all of these that you mentioned are impractical. Hopefully silver eagles will be practical again at some point. Thanks!
@@billrundell2097 They may be desirable, but for how long? They had a high premium in 2011 and that crashed back down for a decade. I wouldn't want to be the person who's stuck with a bunch of silver eagles that I have no chance of making my money back on for years and years.
Actually I recently learned in the coin collection groups the collect for rarity or coolness they want toning on the coins as it makes it easier to see the definition on the coin and shows it’s age
that does apply to the morgans etc but i havent heard for new bullion...a like new morgan is just as valuable and more but they do have some gorgeous colored ones alsi.
That sounds like someone trying to sell something for more than it's worth. Everybody in sales has a gimmick. Yes, toned coins can be quite beautiful and unique. However, toned coins are a relatively new trend when it comes to coin collecting. I've been collecting coins since the mid-1980's and I don't recall toned coins being a big deal until about a decade ago when a bunch of Morgan dollars that had never been released into circulation were found in like the basement of an old Federal Reserve Bank and picked up wonderful toning from being stored in poor, damp conditions while being held in burlap bags that contained sulphur. They were a big hit in the coin collecting community, and ever since, toned coins have become a new way to add value to something that would otherwise be worth 1/2 as much. This brings me to my main point which is, although toning can be attractive, it can also be ugly. Everything else being equal, it is often HARDER to see details with anything other than very light toning. To say or imply that all or even most toned coins display details better is a good way to sucker someone into paying much more for a coin than it's worth. If I had a bunch of toned coins and wanted to sell them at an even higher premium (and had no conscience) that is what I would tell people.
I made this fact abundantly clear for all you Newbies several years back. No such thing as pretty silver unless you intend to own 1 coin. And never stack anything more then 1 coin.
I’ve bought the Chinese Silver Pandas for my niece and nephews the past few years for Christmas, and Silver Eagles for their birthdays. I know I’m personally not stacking ASE’s and Pandas, I’m gifting them these coins cause it’s nicer, but I also know they may sell them when they turn 18-20 for a car or college🤷🏻♂️
I spent $90 on a 2022 Cook Island Iron Maiden Number of the Beast $5 1oz 1 of 1982 for my dads birthday. It’s nothing i’d buy to add to my personal collection because it’s 4.5X melt. But Iron Maiden is in my dads top 3 bands and i couldn’t pass it up in my LCS.
Just decided that I'm done stacking. Now I'm collecting. If I'm going to pay premiums, might as well just get the good stuff that I really want. ATBs, 10 oz Queens Beasts, Niue themed coins, pandas, etc. Might cost more, but I've already got enough regular bullion stacked up. Now it's time for some fun...but at a slower pace.
For me, I personally like to collect low mintage high premium pieces. I’ll stack here & there but the collecting aspect is so much fun & way more interesting then stacking.
100% I stack but like collectibles too. People like to gloss over when silver spot price takes a hit the quality collectible coins don’t. Like recently the Royal Mint Queens Beast coins kept a high value.
I buy some fractional silver rounds and bars for the collectible aspect of it, my daughters like the small fractional pieces and ultimately that's who it all goes to, I let them pick out a few pieces they like and I buy those for them and they really enjoy them, they save their money and if they see something they like then they get it. Keeps them excited and interested in stacking, they each have quite a few goldbacks as well
Yup, sometimes there’s that odd, beautiful, never before seen, cool silver coin in a pile that’s worthy of its own capsule 😂 The only generic silver coin I buy regularly is the Pieces of Eight skull/pirate 1 oz from Golden State Mint.
I remember when China swapped from One ounce to 30 grams. There was an interim period where they just listed no weight, but didn't say one ounce, so people were wondering if they were fake, or the mint itself made a mistake, or at worse was cheating customers. The next year that season - the 30 grams started showing. The counterpoint is that every year the Panda is a different design, so it may be worth it to stack and hope the numismatic value rises.
@@busdriver4571 For gold/silver we use Troy Ounces which are a bit heavier than a regular ounce. Confusing if you didn't know I agree. The troy ounce is the equivalent of 31.1034768 grams. A standard ounce is the equivalent of 28.349 grams, or around 10% less. From investopedia
@@Craigx71 The ASE is 1 TROY oz. Therefore, it weighs 31.1 g. A 30 g Chinese Panda is .997 or 99.7% of one Troy oz. Silver spot price is measured in USD to TROY oz. Close enough for me.
Selling on eBay is something I do all the time! That is part of my exit plan for premium silver and numismatics! Never sell anything to LCS , bullion or otherwise! LCS pays the least! Sell on eBay, take a table at coin shows and peer to peer. Don’t get yourself in a position to have to sell to LCS if you can avoid! Bad deal!
Avoid USA eagle,s here in Scotland as the premiums are getting out of hand,50/70 dollars each then 20% tax on top ,silver stacking here is a long long term investment, platinum under valued 🤔no tax on gold
I have collected a few thousand world coins on top of my US Coins and it's a blast learning about world coins and some are seriously expensive! Don't let the world coins discourage you. They also have value in collector's worth and rarity. If you're worrying about silver and worried the world is always crashing, that will stop you from making great investments in your future of retirement, where rare coins are a great choice. Yes many coins have less silver in them and if that is all you're into it for. Thats fine. But collecting coins is also great knowledge of the world and finding out different countries coins belonged to that in some case are actually no longer countries at all if you go back far enough. Are there any guarantees in life? No. and maybe one day money will have no value at all. I doubt it, but never say never. The robots are coming. 🤔😉
In China, Silver Panda is not a bad choice for silver stacking. I don’t like their new weight standard as well, and I never bought them once. However, some of the one-ounce over-issued years gold pandas are worth buying. Cos the price is currently below the silver spot price, such as the year 2015 and 2011.
I have a decent enough stack and own a little bit of everything. So at this point I am fine with accumulating generics, xmas coins, or whatever else is in the junk bin at the LCS. I still treat myself to pandas, and might occasionally pick up some novelty coins. But I see no need to buy ASEs, maples, etc anymore.
I bought some 1oz silver rounds today for $23.00 each . I didn’t think that was to bad . It’s the first silver I have bought in awhile due to the high premiums .
For collecting silver your almost correct when you say stay away from slabbed coins. I have collected coins for over 40 years and Silver coins are top on my must have list. Lets use one of the coins you said to avoid as an example... American Silver Eagles in a slab from NGC or PCGS that is graded above ms69 it will fetch you a much higher price anywhere in the world than a non-slabbed coin from the same mint and year. People put down slabbed coins because they don't really understand the worth of a graded and slabbed coin from one of the top 2 grading companies in the world. A 2022 PF70 UDC coin will still be a PF70 UDC in 500 years provided the slab has not been open and trust me it's impossible to open an NGC or PCGS slab without destroying the slab. Now about having coins in general graded and slabbed I own a 1986 S Jefferson Nickel NGC Graded and slabbed PF70 UDC by NGC (yes I know it's not silver) that cost me $45.00 to buy the Silver Proof set it came in, And another $100 or so to have graded. It was a 6 coin set My nickel was the 9th in the world to be graded at that level that includes both NGC and PCGS populations. Mine was graded in 2011 and now with a population of over 200 between the two companies is still worth 44,000 times face value for a modern nickel can you do that stacking silver coins? No you can't if your collecting silver just to have silver as an investment buy Silver bars or check your pocket change for old worn out Silver coins. That's the only way you will ever come out ahead saving silver. And as a side note I have about 10 kilos of silver sitting in my safe deposit box right now. And will continue to add to it but I truly don't see silver going over $30.00 an ounce anytime soon, Unless we can get the top 5 NUTS out of Washington very soon. However we might get lucky and they destroy this country to the point that Silver is $3.00 an ounce again. Then "Let the Stacking begin" Happy collecting
Very well said and explained. That’s a good debate and this also reassured my strategy. I just got into buying silver and collecting coins and my mentality is exactly of how you just explained it. Premiums are high right now but then 10 years from now they might be higher for the same coin. But like the Morgan now, I heard that Morgan used to be $8 and now they are over $40.
William, could I ask you if coin collecting is worth it for people who are mainly interested in investing? How can I learn about the best coins to collect for investing? I am from Australia. Thank you.
@@donnaligon2010 Coins that have been graded by a third party grading company that is a member of the ANA. I use NGC or PCGS. The coins are encapsulated in a tamper proof plastic "Slab" that keeps them in the same condition as the day they were graded. This does 2 things a coin graded MS-70 today will still be MS-70 100 years from now. And give's the coin a registration number in the event it is stolen or if you wish to sell it the buyer can look that coin up and find it's "History". It adds cost to collecting but takes away the guess work at grading it yourself. (TBH everyone over grades their own coins It's just human nature )
My family has an auction business. We sell coins at auctions probably 20-30 times per year. Slabbed coins sometimes won't bring much over what the average raw coin would.
90% is no longer worth stacking, the premiums went from 8.39 to 9.89 to 10.49! Like, what the heck??? A premium of $10.49 for DIMES?? This is getting ridiculous.
Not enough junk to float our currency. 2% people own all the junk. What will the the 98% of people use? Junk will be remelted are a large fee. Junk would have worked during your great grandmother's day.
@@billrundell2097 My ex-wife made it very clear what she intended to use to barter with... I have a feeling most of this information of silver and wealth will primarily apply to men. As the modern "independent" woman is determined to make her way apart from any man. Except of course the ones she's bartering with.
@@SilverDragons47 hah, that was a pretty safe response :P The premiums are just the way for the middlemen to cash in on the rise in demand. It's like "hey, people are buying it, why wouldn't we raise the prices?"; except no one will actually just come out and say that.
I sold my collection and the reason Im watching videos is to get back into the market. I had approx 1000 ounces of collectible or sought after silver. I made so much money from these because everyone wanted them. I do admit there were only a few things i over paid for. So get it at as little premium as possible.
I avoid pandas like the plague, mostly because I live somewhat close to a major city that has a huge Chinese population and there has been a massive influx of fakes over the past 5 years. I know you can get fakes in almost anything (morgans, ASE, Maples etc) but it seems more prone to pandas in my area if you buy from private sellers. I pretty much only buy silver from my 3 main dealers, from private sellers I will only buy junk/coin silver from US and Canada because I know what I'm looking for and can easily identify them. Slabbed coins are for suckers and numismatic collectors who value that proof like/ mint state coin and will pay through the nose for it.
Wouldn't have to worry about fakes if you bought them slabbed. And the reason people "pay out the nose" for slabbed coins is because the value tends to increase. Usually at a higher rate than the metal value. Just saying.
@@SilverDragons47 Fake NGC or PCGS slabs?? You know you can pull out your phone and scan the barcode on the slab to see if it is a legitimate holder right? Much safer than trusting a loose coin.
@@ncarich4222 there's fake slabs that reprint a legit bar code, not saying i personally think they're a bad buy. I see private sellers selling slabbed 1/10 gold and 1/4 gold for literally just a few dollars more than what you'd normally want to pay, just saying it all can definitely be faked
@@ncarich4222 I just downloaded the NGC and PCGS scanners after learning about them last week and the scanners work great. Thank God the 2 Franklins I purchased off C.L. were legit! LOL
I have avoided the Pandas also. Just not into them, or the philharmonic and kangaroo. I would just much rather have rounds and britannias, and maple 🍁 I do have some 🦅 Eagle coins, but they are collector coins and that is a totally different thing.
I like the kangaroo. I like the size and that it is government minted. And somehow I seem to have bought them cheaper than other coins along the way. I also like the Britannia. I would never buy a round because they are usually not much cheaper than the government mints.
Seeing both your comment, and the replies underneath, makes me happy! More philarmonics for me! :) And kangaroos. I like britannias also, and i don't know where you live, but in Europe, the premiums for britannias, are a tiny bit higher than philarmonics and kangaroos.
There once was a stacker named Dragon. Who was in Oregon by way of covered wagon. He would not keep what was slabbed Cause he said “they’re not fab.” But through auction would sell as attractions!
I never buy silver or gold that comes in a plastic box or vacuum packed in a baggie, nor do I buy it online. Way too many scammers selling junk. It does not matter what it looks like, it's worth its weight in scrap silver or gold.
As long as you're buying over 200$ for the free shipping they're worth it. If not it's always better to go to a local coin shop that has competitive pricing.
@@billrundell2097 2-3 dollars over spot tops, what about the other 13 dollars? That's a lot of time to climb. Idk why people choose to die on the ASE hill. They're taking advantage of the stubbornness of greybeard stackers in my opinion. If we stop buying them, they'll lose the insane premiums. You're just fueling their greed
@@matthewmcconaughy7351 try calling around some local pawn shops or stores that advertise that they buy and sell silver an gold. Internet sales are still a good route to go but you have to play their shipping games to really take advantage of their deals
The problem with just using ounces to stack, if I wanted to pay farmer Fran for eggs and I used an ounce I'd expect a month or two worth of eggs for that. But if I only want a dozen, you know 10-12 grams might be more appropriate
I don’t really stack silver anymore. When silver hit $49 a few years back, I liquidated all my bouillon I still have my silver collectibles move on to stacking gold like I have for the past 23 years. And I have never ever bought gold or silver off of eBay Off-line I buy from the reputable dealer from day one of my gold stacking career.
China Panda’s at 30 grams? There 28 grams to an ounce? So, aren’t the Chinese silver & gold Panda’s 2 grams more than an ounce? You pay a premium for these because they weigh more than an ounce. Recently cashed 15 in and they outperformed rounds by a mile. Cheers, agree with your other observations.
Silver eagles premiums are insane. I0-15 years ago, I thought $3-4 over spot was crazy. At least you could sell them back for a little premium as well so it really was about the same investment premium difference as regular bullion.
At these premiums, I am avoiding pretty much all silver coins. I feel it is bordering on gouging. Premiums on junk silver are just stupid. No thank you!
Gotta hit up your local shops that go with competitive pricing. The one in my area is selling generics at 21.90 oz right now. Just bought a kilo for 718 too 🙌
@@sawyer3119 - yep one of these days I’ll visit my LCS again, but I don’t think I’ll get any better deal really. I don’t really have any great LCS in my area. When premiums online went up, so did theirs. I don’t trust anybody any more. I think I’ll end up sitting tight with what I got.
@@exmarine268 How much are we talking? Imo now is the time to balls out an buy what you can. Just 6 months ago I couldn't find silver any lower than 27. Now I'm buying at 22, an the retirees I know liquidating are selling at spot in a panic. It's been pretty great for long term stackers
@@sawyer3119 - I just retired but I’m not selling. I’ve never sold 1 single oz. It’s just a different market than it was 5 years ago when spot deals were common. I think silver may go up a lot soon as all other investments tank. I may buy some more but only if I find a good deal.
As a collector (vs. stacker), I would never ever ever buy an MS 69. I would only buy a 70 for a modern coin - or not buy it at all. (I actually don’t like buying modern coins anymore.) For an ancient coin, all your slab did was authenticate that it is genuine. It is basically of zero quality. For ancients if it is only “genuine” or Good or Fine - it’s pretty much crap. As a collector, my goal is always to get gem mint state quality in vintage or older coins. If I can’t afford higher quality, I just won’t buy that particular coin. High quality will almost always retain value. Low quality numismatics won’t at all. When it comes to collecting (as opposed to stacking), it is better to have fewer really high quality coins rather than a boat load of crap. It’s pretty much the opposite of stacking where one wants mass of volume - whether it’s an eagle or a round or a bar. The overlap is the metals themselves and the desire for easy sale ability.
I must be honest, the Marvel themed coins makes the silver look cheap. Also the plastic slab things just doesnt look good at all. My opinion. Have a look at Kuger Rands - silver and gold.
The best silver to stack is it the highest premium perception for the lowest premium out of pocket. Collectibles are great when you buy them right in bulk. If you are a coin dealer it doesn't matter how nice the coin is you're buying at spot or close. Obviously there are some exceptions.
I purchased some Britania's from SD Bullion. The premiums for purchasing gold/silver is ridiculous right now. And not just from SDB but also every other gold/silver dealer. If/when you buy/sell a home you pay ~6%. Sometimes a little more Sometimes a little less. But 14% premiums is absolutely crazy. Instead of bullion I'll look to changing my dollars for other currencies that will weather the economic collapse of the dollar. Risky? Maybe. But even with exchange rates I'll be money ahead rather than throwing money away with premiums.
American silver eagles are not too high in price. Dealers are buying them over the spot price . Even at $35/ oz., silver is still at a terrific bargain price. Silver Dragon is very wrong about ASE. They are still the most desired .999 silver coin in the world.
I think that those who stack generic rounds in lieu of ASEs are going to be disappointed when they have to sell or use as currency. U.S. minted stuff is always going to be worth more.
Brand new stacker here. Haven't even received my first ounce yet. I picked up 10 silver eagles because they are beautiful. But after that nope not buying. Those gold eagles though. Not sure if I can avoid those or not.
The old European coins like the swiss one on the right is 90% silver and can be a great buy if the price is right. In France we don't have 100% silver coin content. The most they have is 90% and the biggest one is the 50 Franc Hercules which contains 90% silver and depending on the year (last batch came out in 1980 but only a few hundred thousand were made) are now collectives but you have the ones prior from 1974 to 1979 and you can get them (as of writing on 16th of june) at 24€ on Ebay which makes this coin a bargain at that price as it weights 30g but it makes the coin at spot with it's weight and silver content (+ it's a beautiful coin).
Great video - i just went into the coin store last week and the owner advised against me getting for investment purposes grading for silver coins - makes sense with what you were saying! B
I totally agree with the presentation and I’ve dealt on an of with the Ag (silver) off an on for years. With eagles you have a beautiful coin but for stacking your really paying a con premium!
If you’re buying it slabbed then you probably got nabbed.
😂😂😂🔥🐉
Probably. But I love me my ms70 10 oz griffin.
@@JeffersonRah I’ll have some slabbed coins in my stack eventually too. They are just so nice. Definitely not hating on the slabs at all.
Well, if you knew about the NFC security, then you won’t get nabbed.
Big Tab Slab 👍
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@Anneliese-Carina That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@Anneliese-Carina I will give this a look, thanks a bunch for sharing.
Spam
Imagine being 20 today. Be thankful
@@josephchristoff5076 theyre living at home!😂
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly,... Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
Could you possibly recommend a CFA you've consulted with?
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
I stack Eagles and will keep stacking Eagles. They sell for premiums as well
Newer collector here why only Eagles? I Love Eagles there my favorite. But, My question is how do You get Your money back on them
Same. You do get it back when you sell and they are the most recognizable silver coins in the US (besides Morgan dollars and pre-64 coins.) And they make me happy. : )
@@chanceberg832 you can sell any number of eagles, not eagle rounds, just us mint eagles without generating a tax form and a holding period. If you sell bullion to a shop the shop has to keep it on hand for 30 days in case it was stolen, causing opportunity cost, and therefore a lower sale value. Bullion also causes you to file a tax form for capital gains tax if you sell a certain amount I can't remember off the top of my head. 90% "junk" silver, or circulated money, is only taxed if you sell $1000 face value of the coins, so these are better with sale price, and no holding period. Eagles never generate the tax form ever, and require no hold period, and therefore you pay a higher premium to obtain, and sell for a higher premium.
The spreads are crazy on eagles. And what happens when the dollar dies? They're just expensive silver rounds.
@@CommonSenseCriticismI think eagles and other US minted silver and gold coins will become actual US currency in the future.
Started stacking about 3 weeks ago your channel has helped me tremendously with my journey
Hi Silver Dragons! Those two coins that you are wondering how much silver contains, is Greek 30 Drachmas of 1963. Purity is 0.835 and each one contains 0.4832 troy ounce.
Keep the good work! Greetings from Greece!
I just bought one on Saturday out of a bin of junk silver. I knew it wouldn’t be a an investment piece, but I like the way it looks. After studying it with a magnifying glass I figured it was Greek, but I would like to know more about it.
So thank you for posting.
@@nmhvactech5474 I'm Ilias Sarakinos. It will be a pleasure for me to help you anytime about Greek coins.
@@ΗλίαςΣαρακινός Thank you
It's shameful that he still calls silver "junk", which was designed by the CIA to discredited silver.....
@@davidarmstrong7628 he's using the phrase that is commonly used to designate that group of coins. It's basic communication skills, nothing shameful about it. What's shameful are self-appointed language police.
I actually like buying old world silver coins, more for the history behind them and the interesting designs over their stacking or resale value.
Yeah the main criticism is that the guy in the video can't remember anything about them. Well that's his problem
Selling the coin back means a lot for me. The American Silver Eagle is the easiest to sell back, not reportable, can sell large amounts easier and the high premium will always be there. I have been buying silver eagles from 2009 and even back then the premium was higher than others but I am glad I bought them because now the premium is even higher.
I agree, some people are just stuck in the past!.....these "premiums" are likely the NEW Normal.......Eagle is a US Mint coin, it's still a Safe and Easy choice....... it's Not generic silver where you Can't even move it.
Supposedly the increase in premiums has started from the suppliers due to the downward price manipulation on the comex. Naturally the lcs is passing on the additional premium to the end user.
if you are stacking for ruff times silver will be silver no matter you wont get a premium back
@@judymichaud4081 well a lot of people trust the eagles more, i think, the right alloy mixture of steel can look identical to silver and probably barter system will prefer the eagles because they have more proofs to check for fakes
@@kitkat47chrysalis95 More than a leaf? Or even a Brit? Nah, man. About that same for proofs IMHO.
I was a coin collector before a stacker, I love foreign silver. I get it 10% over spot. I take time to put them into flips and label what they are and what percent and asw is in them. I enjoy finding diff countries because most of it came back with people on vacation from those time periods. The history behind each coin, is very cool and it’s cool to see what other countries were doing, and capable of at the same time period as us. If push came to shove, silver is silver and if it’s all labeled properly it won’t be a headache to sell
yes I said they are super fun to collect! 🔥🐉
where are you finding it 10% over spot?
I agree with all 5 of these. It's also too bad about the collectibles. I see those all of the time and think "yeah! I'd like to have some of those" but then I look at the price and I'm like "I'll never be able to get my money back!"
Same. I saw a 2.5 oz sword the other day, and it was beautiful. But it was around $130 for 2.5 oz of silver. I just couldn't bring myself to do it
If it had been 3.5 oz for that price i probably could have talked myself into splurging on something just to collect. But knowing is only 50 something dollars worth of silver, it seemed like too much
It's more like jewelry at that point. And even then jewelry might be more flexible
For this reason they can be good deals when you find out around like garage sales, auctions, LCS
It's annoying how high the premiums are on ASE's, but most LCS are buying them back for several dollars over spot, and the "spread" between the Buy and Sell price seems in line with the spread on other silver. If your goal is to stack max ounces for your dollar, I get avoiding ASEs, but ASEs are holding value as much as ever. I tend to dislike generic rounds and gimmicky graphic rounds / bars. Anything sovereign and instantly recognizable still looks really attractive.
yeah I really hope eagles get more affordable in the near future but I doubt it will happen 🔥🐉
Most places I've checked offer 2 or 3 bucks over spot for eagles. Doesn't seem very good for the retail seller.
@@SilverDragons47 but in 1 of your previous videos, you stated that the ase's are the most recognized in the world, so won't it still be worth it, but just cut back on the quantity and frequency you buy it?
ASE's are a prime example of supply and demand. But just because something is limited does not make it valuable. My silver rounds are not limited, but local shops offer me a little over spot. The ASE premium is taking advantage of stackers. One day it's premium will return to normal when the U.S. mint is going hard again. The sad truth is our government does not care if they are minting enough silver or gold coins. ASE is basically a numismatic coin at this point in time.
Dont want any american in future. Howgh!
I have all of the Chinese pandas. I think it is one of the most beautiful coins on the market. Mine are graded and include large and small dates. But I'm a collector.
Never buy really big anything. like 1kg silver bars. the smaller it is the easier it is to sell.
And now, if you sell more than $600 worth of items per year, eBay sends your sales information to the IRS. That was one of several reasons why I stopped using eBay. It’s so stupid because you can’t even sell old stuff that you need to get rid of that has accumulated in your basement. The IRS just assumes that you’re running a business and “profiting.” So now, to sell unneeded stuff, you need to be able to show the IRS how much you originally paid for an item and how much it sold for on eBay. Ridiculous. Who keeps receipts from back in the day when they first bought something?
I collect Canadian Maples, American Eagles, Morgans, Peace silver, some junk silver, nothing outside of North America, all 80% and 90% silver, makes it easier to sell and I can relate to both. Foreign coins are a crapshoot, hard to know what percentage of silver they contain unless you're an expert.
Avoid : new silver panda, collectibles, silver eagles, unique world coin, slabbed
Hey Silver Dragons, love your videos. Always very informative. I agree with all your points. I’ve been focusing on the lower premium bullion coins or rounds. There’s a few coins I will buy even though they have a high premium, such as Libertad’s and Morgan dollars!
yeah libertads and morgans are really cool 🔥🐉
@@SilverDragons47 funny your recent video not long ago said how high priced marvel coins are now... $150 for Spiderman and if ya bought it at $40-50 few years ago... well that's 3x the silver when you resell and buy bullion silver. So you really suck at your job
For all the people confused about 1 oz of precious metal:
They are using Troy Ounces which is 31.1g and is universal.
At this point I don’t believe I will ever buy another ASE for the rest of my life. The premiums are so outrageous it’s insulting.
yeah i’m thinking the same. maybe just buy a few for videos 🔥🐉
@@SilverDragons47 And it’s a damn shame too. I love the ASEs. My hope is this; if enough people get on board on not buying them perhaps the premiums will come down to a more reasonable level.
So today in the same change I got back from the store there was a bicentennial quarter and a 1964 Roosevelt dime. So I consider that an absolute win. This is nothing to do with the video. I'm just excited.
Of course those are the one’s I recently bought
lol of course 🔥🐉
I say you should avoid them unless someone is selling them for spot price instead of a high premium.
I knew Eagles were going to make this list. Yeah practicality is really important in stacking and all of these that you mentioned are impractical. Hopefully silver eagles will be practical again at some point. Thanks!
EAGLES! the only coin can sell for same price after buying! just saying
Dealers are paying over spot for ASE.
ASE are the highest desired .999 coinage in the world.
@@billrundell2097 They may be desirable, but for how long? They had a high premium in 2011 and that crashed back down for a decade. I wouldn't want to be the person who's stuck with a bunch of silver eagles that I have no chance of making my money back on for years and years.
i’m really hoping the US Mint gets their act together soon 🔥🐉
@@billrundell2097 the ASE maybe highly desired in America, but they certainly are not with the rest of the World.
Slabbed for stacking makes no sense but slabbed coins for historical coins and simply collecting makes sense i have many slabbed old coins.
Actually I recently learned in the coin collection groups the collect for rarity or coolness they want toning on the coins as it makes it easier to see the definition on the coin and shows it’s age
that does apply to the morgans etc but i havent heard for new bullion...a like new morgan is just as valuable and more but they do have some gorgeous colored ones alsi.
That sounds like someone trying to sell something for more than it's worth. Everybody in sales has a gimmick. Yes, toned coins can be quite beautiful and unique. However, toned coins are a relatively new trend when it comes to coin collecting. I've been collecting coins since the mid-1980's and I don't recall toned coins being a big deal until about a decade ago when a bunch of Morgan dollars that had never been released into circulation were found in like the basement of an old Federal Reserve Bank and picked up wonderful toning from being stored in poor, damp conditions while being held in burlap bags that contained sulphur. They were a big hit in the coin collecting community, and ever since, toned coins have become a new way to add value to something that would otherwise be worth 1/2 as much.
This brings me to my main point which is, although toning can be attractive, it can also be ugly. Everything else being equal, it is often HARDER to see details with anything other than very light toning. To say or imply that all or even most toned coins display details better is a good way to sucker someone into paying much more for a coin than it's worth. If I had a bunch of toned coins and wanted to sell them at an even higher premium (and had no conscience) that is what I would tell people.
I made this fact abundantly clear for all you Newbies several years back. No such thing as pretty silver unless you intend to own 1 coin. And never stack anything more then 1 coin.
I’ve bought the Chinese Silver Pandas for my niece and nephews the past few years for Christmas, and Silver Eagles for their birthdays. I know I’m personally not stacking ASE’s and Pandas, I’m gifting them these coins cause it’s nicer, but I also know they may sell them when they turn 18-20 for a car or college🤷🏻♂️
You Expect more than I do...I expect ASE to Double my money but no car or college...Maybe You are right
Some coins you try to avoid but they tempt you with their limited amount and their really nice design
I spent $90 on a 2022 Cook Island Iron Maiden Number of the Beast $5 1oz 1 of 1982 for my dads birthday. It’s nothing i’d buy to add to my personal collection because it’s 4.5X melt. But Iron Maiden is in my dads top 3 bands and i couldn’t pass it up in my LCS.
I've seen these and they look awesome.
nothing wrong with getting some fun stuff every once in a while to keep it interesting 🔥🐉
Silver eagles are fine to stack but they are expensive as heck. If you buy 20+ at a time might be a better value.
Slabbed coins are great !
If the coins are rare !
they are fun for collecting 🔥🐉
Just decided that I'm done stacking. Now I'm collecting. If I'm going to pay premiums, might as well just get the good stuff that I really want. ATBs, 10 oz Queens Beasts, Niue themed coins, pandas, etc. Might cost more, but I've already got enough regular bullion stacked up. Now it's time for some fun...but at a slower pace.
For me, I personally like to collect low mintage high premium pieces. I’ll stack here & there but the collecting aspect is so much fun & way more interesting then stacking.
100% I stack but like collectibles too. People like to gloss over when silver spot price takes a hit the quality collectible coins don’t. Like recently the Royal Mint Queens Beast coins kept a high value.
yeah everyone has a different strategy 👍🏽 I obviously dabble in collectibles as well but I don’t really see it as “stacking” 🔥🐉
I love the collectible silver bullion rounds but this helped me open my eyes for investing thank you
I buy some fractional silver rounds and bars for the collectible aspect of it, my daughters like the small fractional pieces and ultimately that's who it all goes to, I let them pick out a few pieces they like and I buy those for them and they really enjoy them, they save their money and if they see something they like then they get it. Keeps them excited and interested in stacking, they each have quite a few goldbacks as well
there are always exceptions! 🔥🐉
This is like real estate investing, some like residential, industrial, commercial etc
I agree with everything you said! 100% clear and concise advice!
thank you very much!
Buy 1oz silver rounds or bars on the dip, as close to spot as possible.
I basically agree with all of that.
I like digging through generic rounds and bars just to find something different.
In like doing that too! I have a lot of different rounds
Yup, sometimes there’s that odd, beautiful, never before seen, cool silver coin in a pile that’s worthy of its own capsule 😂 The only generic silver coin I buy regularly is the Pieces of Eight skull/pirate 1 oz from Golden State Mint.
yeah I used to buy lots of generic rounds to melt and I saved the fun ones… now I melt silver shot 🔥🐉
I remember when China swapped from One ounce to 30 grams. There was an interim period where they just listed no weight, but didn't say one ounce, so people were wondering if they were fake, or the mint itself made a mistake, or at worse was cheating customers. The next year that season - the 30 grams started showing.
The counterpoint is that every year the Panda is a different design, so it may be worth it to stack and hope the numismatic value rises.
Last 1oz was in 2015, but they have a bad capsule also in any weight
NEVER trust POS lying cheating communist china.
I don’t understand this. 1 Oz is 28 grams. So 30 grams is actually larger than 1 Oz.
@@busdriver4571 1 Oz is 31,1 gram.. The 28 is not used in metals.. Google it for accurate answer
@@busdriver4571 For gold/silver we use Troy Ounces which are a bit heavier than a regular ounce. Confusing if you didn't know I agree.
The troy ounce is the equivalent of 31.1034768 grams.
A standard ounce is the equivalent of 28.349 grams, or around 10% less.
From investopedia
May 2024 Fun to see Silver $30. Now ASE are almost $3 above spot at my LCS .
I just looked it up again to be sure. 1oz in the UK converts to 28.3495231 grams. So 30 grams doesn't sound to bad to me.
@@Craigx71 The ASE is 1 TROY oz. Therefore, it weighs 31.1 g. A 30 g Chinese Panda is .997 or 99.7% of one Troy oz. Silver spot price is measured in USD to TROY oz. Close enough for me.
An ounce and a troy ounce are 2 different things. Drug dealers sell in 28gram ounces, anything to do with precious metals is 31grams.
I am first and foremost a collector of ancient coins, but I love having money in silver.
Selling on eBay is something I do all the time! That is part of my exit plan for premium silver and numismatics! Never sell anything to LCS , bullion or otherwise! LCS pays the least! Sell on eBay, take a table at coin shows and peer to peer. Don’t get yourself in a position to have to sell to LCS if you can avoid! Bad deal!
yeah I do know it is a real option but certainly not for everyone 👍🏽🔥🐉
What is LCS? I am new to this. Thank you.
LCS = Local Coin Shop
I agree with you... LCS Dealers are not where I would take my coins to sell. Sell on eBay or offerup
In the UK, there's no such thing as low premium Silver.
Avoid USA eagle,s here in Scotland as the premiums are getting out of hand,50/70 dollars each then 20% tax on top ,silver stacking here is a long long term investment, platinum under valued 🤔no tax on gold
Lol 20% tax on top of that. Europe is awful.
Why are you being taxed on it so much over there? Even nonforeign?
@Cameron
Why?
@@MartinD9999 VAT, which we don't have here in USA. But we get screwed over in different ways. Health care costs and access are a NIGHTMARE!
That's a high tax
I have collected a few thousand world coins on top of my US Coins and it's a blast learning about world coins and some are seriously expensive! Don't let the world coins discourage you. They also have value in collector's worth and rarity. If you're worrying about silver and worried the world is always crashing, that will stop you from making great investments in your future of retirement, where rare coins are a great choice. Yes many coins have less silver in them and if that is all you're into it for. Thats fine. But collecting coins is also great knowledge of the world and finding out different countries coins belonged to that in some case are actually no longer countries at all if you go back far enough. Are there any guarantees in life? No. and maybe one day money will have no value at all. I doubt it, but never say never. The robots are coming. 🤔😉
In China, Silver Panda is not a bad choice for silver stacking. I don’t like their new weight standard as well, and I never bought them once. However, some of the one-ounce over-issued years gold pandas are worth buying. Cos the price is currently below the silver spot price, such as the year 2015 and 2011.
I have a decent enough stack and own a little bit of everything. So at this point I am fine with accumulating generics, xmas coins, or whatever else is in the junk bin at the LCS.
I still treat myself to pandas, and might occasionally pick up some novelty coins. But I see no need to buy ASEs, maples, etc anymore.
yeah if it’s in the junk bin at the LCS I approve 🔥🐉
I bought some 1oz silver rounds today for $23.00 each . I didn’t think that was to bad . It’s the first silver I have bought in awhile due to the high premiums .
wow nice snags! 🔥🐉
I brought a 2016 Trump freedom dollar for expensive. But I had to have it for my Trump silver coin collection.
@@SilverDragons47 The US mint isn't following the law if they aren't keeping upto demand.
@@leinad.s Our government doesn't concern itself with "the law" it only applies to it's subjects.
Best bet when stacking physical Silver right now is recognizable private minted Silver rounds and bars
yes indeed! 🔥🐉
For collecting silver your almost correct when you say stay away from slabbed coins. I have collected coins for over 40 years and Silver coins are top on my must have list. Lets use one of the coins you said to avoid as an example... American Silver Eagles in a slab from NGC or PCGS that is graded above ms69 it will fetch you a much higher price anywhere in the world than a non-slabbed coin from the same mint and year. People put down slabbed coins because they don't really understand the worth of a graded and slabbed coin from one of the top 2 grading companies in the world. A 2022 PF70 UDC coin will still be a PF70 UDC in 500 years provided the slab has not been open and trust me it's impossible to open an NGC or PCGS slab without destroying the slab.
Now about having coins in general graded and slabbed I own a 1986 S Jefferson Nickel NGC Graded and slabbed PF70 UDC by NGC (yes I know it's not silver) that cost me $45.00 to buy the Silver Proof set it came in, And another $100 or so to have graded. It was a 6 coin set My nickel was the 9th in the world to be graded at that level that includes both NGC and PCGS populations. Mine was graded in 2011 and now with a population of over 200 between the two companies is still worth 44,000 times face value for a modern nickel can you do that stacking silver coins? No you can't if your collecting silver just to have silver as an investment buy Silver bars or check your pocket change for old worn out Silver coins. That's the only way you will ever come out ahead saving silver.
And as a side note I have about 10 kilos of silver sitting in my safe deposit box right now. And will continue to add to it but I truly don't see silver going over $30.00 an ounce anytime soon, Unless we can get the top 5 NUTS out of Washington very soon. However we might get lucky and they destroy this country to the point that Silver is $3.00 an ounce again. Then "Let the Stacking begin" Happy collecting
Very well said and explained. That’s a good debate and this also reassured my strategy. I just got into buying silver and collecting coins and my mentality is exactly of how you just explained it. Premiums are high right now but then 10 years from now they might be higher for the same coin. But like the Morgan now, I heard that Morgan used to be $8 and now they are over $40.
William, could I ask you if coin collecting is worth it for people who are mainly interested in investing? How can I learn about the best coins to collect for investing? I am from Australia. Thank you.
What are stabbed coins?
@@donnaligon2010 Coins that have been graded by a third party grading company that is a member of the ANA. I use NGC or PCGS. The coins are encapsulated in a tamper proof plastic "Slab" that keeps them in the same condition as the day they were graded. This does 2 things a coin graded MS-70 today will still be MS-70 100 years from now. And give's the coin a registration number in the event it is stolen or if you wish to sell it the buyer can look that coin up and find it's "History". It adds cost to collecting but takes away the guess work at grading it yourself. (TBH everyone over grades their own coins It's just human nature )
My family has an auction business. We sell coins at auctions probably 20-30 times per year. Slabbed coins sometimes won't bring much over what the average raw coin would.
90% is no longer worth stacking, the premiums went from 8.39 to 9.89 to 10.49! Like, what the heck??? A premium of $10.49 for DIMES?? This is getting ridiculous.
Not enough junk to float our currency.
2% people own all the junk. What will the the 98% of people use?
Junk will be remelted are a large fee.
Junk would have worked during your great grandmother's day.
@@billrundell2097 My ex-wife made it very clear what she intended to use to barter with... I have a feeling most of this information of silver and wealth will primarily apply to men. As the modern "independent" woman is determined to make her way apart from any man. Except of course the ones she's bartering with.
the premiums are sneaking up 🔥🐉
@@SilverDragons47 hah, that was a pretty safe response :P
The premiums are just the way for the middlemen to cash in on the rise in demand.
It's like "hey, people are buying it, why wouldn't we raise the prices?"; except no one will actually just come out and say that.
Stacking silver? Don’t grab if it comes in a slab.
I will not got anything that has to do with China or even and implied that has to do with China
I sold my collection and the reason Im watching videos is to get back into the market. I had approx 1000 ounces of collectible or sought after silver. I made so much money from these because everyone wanted them. I do admit there were only a few things i over paid for. So get it at as little premium as possible.
When I started I used to primarily stack ASEs..... sadly... I had to move to Phils, Brits and Leafs.
I avoid pandas like the plague, mostly because I live somewhat close to a major city that has a huge Chinese population and there has been a massive influx of fakes over the past 5 years. I know you can get fakes in almost anything (morgans, ASE, Maples etc) but it seems more prone to pandas in my area if you buy from private sellers.
I pretty much only buy silver from my 3 main dealers, from private sellers I will only buy junk/coin silver from US and Canada because I know what I'm looking for and can easily identify them.
Slabbed coins are for suckers and numismatic collectors who value that proof like/ mint state coin and will pay through the nose for it.
Wouldn't have to worry about fakes if you bought them slabbed. And the reason people "pay out the nose" for slabbed coins is because the value tends to increase. Usually at a higher rate than the metal value. Just saying.
yeah I have even seen a good amount of fake slabs as well! 🔥🐉
@@SilverDragons47 Fake NGC or PCGS slabs?? You know you can pull out your phone and scan the barcode on the slab to see if it is a legitimate holder right? Much safer than trusting a loose coin.
@@ncarich4222 there's fake slabs that reprint a legit bar code, not saying i personally think they're a bad buy. I see private sellers selling slabbed 1/10 gold and 1/4 gold for literally just a few dollars more than what you'd normally want to pay, just saying it all can definitely be faked
@@ncarich4222 I just downloaded the NGC and PCGS scanners after learning about them last week and the scanners work great. Thank God the 2 Franklins I purchased off C.L. were legit! LOL
The general rule is, if you are going to "hurt the value" of a metal by removing it from some sort of packaging, you aren't buying it for the metal.
I have avoided the Pandas also. Just not into them, or the philharmonic and kangaroo.
I would just much rather have rounds and britannias, and maple 🍁
I do have some 🦅 Eagle coins, but they are collector coins and that is a totally different thing.
I like the kangaroo. I like the size and that it is government minted. And somehow I seem to have bought them cheaper than other coins along the way. I also like the Britannia. I would never buy a round because they are usually not much cheaper than the government mints.
I have never understood the fascination with philharmonics either. They're designed so vanilla for the hype they get. Same with kangaroos
@@sawyer3119 Well philharmonics are government minted 1 oz silver so pure stackers buy them. I have a few but am not really a fan either.
Seeing both your comment, and the replies underneath, makes me happy! More philarmonics for me! :) And kangaroos. I like britannias also, and i don't know where you live, but in Europe, the premiums for britannias, are a tiny bit higher than philarmonics and kangaroos.
I feel like if you are wanting to buy coins then brits, roos, phils, and krugs are all decent options 🔥🐉
There once was a stacker named Dragon.
Who was in Oregon by way of covered wagon.
He would not keep what was slabbed
Cause he said “they’re not fab.”
But through auction would sell as attractions!
😂😂😂 so good 🔥🐉
I never buy silver or gold that comes in a plastic box or vacuum packed in a baggie, nor do I buy it online. Way too many scammers selling junk. It does not matter what it looks like, it's worth its weight in scrap silver or gold.
Im still new to stacking and dont have much. thanks for this. i guess my goal is generics for now. think that radnom design on SD is a good deal?
As long as you're buying over 200$ for the free shipping they're worth it. If not it's always better to go to a local coin shop that has competitive pricing.
ive been to 3 coin shops and only one had some silver and the next tim ethey were sold out as well
ASE are bought back from dealers over the spot value.
ASE are the most desired coin in the entire world.
@@billrundell2097 2-3 dollars over spot tops, what about the other 13 dollars? That's a lot of time to climb. Idk why people choose to die on the ASE hill. They're taking advantage of the stubbornness of greybeard stackers in my opinion. If we stop buying them, they'll lose the insane premiums. You're just fueling their greed
@@matthewmcconaughy7351 try calling around some local pawn shops or stores that advertise that they buy and sell silver an gold. Internet sales are still a good route to go but you have to play their shipping games to really take advantage of their deals
The problem with just using ounces to stack, if I wanted to pay farmer Fran for eggs and I used an ounce I'd expect a month or two worth of eggs for that. But if I only want a dozen, you know 10-12 grams might be more appropriate
Agree. That is why I bought some 1/2 OZ coins. Oh and they had the $10 Gold coin Indian head / Eagle design that I love.
This is where junk silver would be nice, except now too much premium.
Is 1/10 gold coins good to stack on a budget
They are the only ones i can afford. They do add up.
@@jessecabassa only ones I can afford while planning a 60 days Philippines vacation, but what the wife wants she gets 😆
Save and get half ounces. Better spending in the long term.
Fractional gold is great. Sell to other collectors to get your premium back. I only buy liquidity silver & gold coins.
@@johnmorgan9731 I've been able to get some nice 1/10 oz coins for the same premium as gold eagles. MS 69-70 lunas. Pandas as well.
I don’t really stack silver anymore. When silver hit $49 a few years back, I liquidated all my bouillon I still have my silver collectibles move on to stacking gold like I have for the past 23 years. And I have never ever bought gold or silver off of eBay Off-line I buy from the reputable dealer from day one of my gold stacking career.
China Panda’s at 30 grams? There 28 grams to an ounce? So, aren’t the Chinese silver & gold Panda’s 2 grams more than an ounce? You pay a premium for these because they weigh more than an ounce. Recently cashed 15 in and they outperformed rounds by a mile. Cheers, agree with your other observations.
31.1 grams to a troy ounce which is what is used for precious metals, not the 28 gram normal ounce used for everything else
Silver eagles premiums are insane. I0-15 years ago, I thought $3-4 over spot was crazy. At least you could sell them back for a little premium as well so it really was about the same investment premium difference as regular bullion.
At these premiums, I am avoiding pretty much all silver coins. I feel it is bordering on gouging. Premiums on junk silver are just stupid. No thank you!
Gotta hit up your local shops that go with competitive pricing. The one in my area is selling generics at 21.90 oz right now. Just bought a kilo for 718 too 🙌
@@sawyer3119 - yep one of these days I’ll visit my LCS again, but I don’t think I’ll get any better deal really. I don’t really have any great LCS in my area. When premiums online went up, so did theirs. I don’t trust anybody any more. I think I’ll end up sitting tight with what I got.
@@exmarine268 How much are we talking? Imo now is the time to balls out an buy what you can. Just 6 months ago I couldn't find silver any lower than 27. Now I'm buying at 22, an the retirees I know liquidating are selling at spot in a panic. It's been pretty great for long term stackers
@@sawyer3119 - I just retired but I’m not selling. I’ve never sold 1 single oz. It’s just a different market than it was 5 years ago when spot deals were common. I think silver may go up a lot soon as all other investments tank. I may buy some more but only if I find a good deal.
yeah even junk silver has a high premium now at most places 🔥🐉
Your rhyming, slab, flab, crab....was perfect!
Please keep in mind that "slad" coins are simply their way of guaranteeing authenticity.
As a collector (vs. stacker), I would never ever ever buy an MS 69. I would only buy a 70 for a modern coin - or not buy it at all. (I actually don’t like buying modern coins anymore.) For an ancient coin, all your slab did was authenticate that it is genuine. It is basically of zero quality. For ancients if it is only “genuine” or Good or Fine - it’s pretty much crap. As a collector, my goal is always to get gem mint state quality in vintage or older coins. If I can’t afford higher quality, I just won’t buy that particular coin. High quality will almost always retain value. Low quality numismatics won’t at all. When it comes to collecting (as opposed to stacking), it is better to have fewer really high quality coins rather than a boat load of crap. It’s pretty much the opposite of stacking where one wants mass of volume - whether it’s an eagle or a round or a bar. The overlap is the metals themselves and the desire for easy sale ability.
If it comes in a slab, it's still better then taking a JAB! (in the arm, that is)
Haha well it's not a lie 🤣
😂😂😂🔥🐉
I must be honest, the Marvel themed coins makes the silver look cheap.
Also the plastic slab things just doesnt look good at all.
My opinion.
Have a look at Kuger Rands - silver and gold.
SD is consistently the highest online dealer.
Premiums means nothing if you’re not selling them for 20-30 years.
I love the China Silver Panda Im getting a good price online, and i cant stop wanting them
100% agree on slabbed coins. I do place the 999 in capsules, which takes up space already.
The best silver to stack is it the highest premium perception for the lowest premium out of pocket. Collectibles are great when you buy them right in bulk. If you are a coin dealer it doesn't matter how nice the coin is you're buying at spot or close. Obviously there are some exceptions.
always exceptions no doubt 👍🏽🔥🐉
Thanks for so much reliable information.
I’ve bought some of those fancy coins for my kids to get them interested in silver…it’s worked…
I purchased some Britania's from SD Bullion. The premiums for purchasing gold/silver is ridiculous right now. And not just from SDB but also every other gold/silver dealer. If/when you buy/sell a home you pay ~6%. Sometimes a little more Sometimes a little less. But 14% premiums is absolutely crazy. Instead of bullion I'll look to changing my dollars for other currencies that will weather the economic collapse of the dollar. Risky? Maybe. But even with exchange rates I'll be money ahead rather than throwing money away with premiums.
I appreciate your work Silver Dragon, I'm just starting out and your videos really helped.
American silver eagles are not too high in price.
Dealers are buying them over the spot price .
Even at $35/ oz., silver is still at a terrific bargain price.
Silver Dragon is very wrong about ASE. They are still the most desired .999 silver coin in the world.
Thanks for the informative video Silver Dragons!
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Great job explaining to basics to people.
I think that those who stack generic rounds in lieu of ASEs are going to be disappointed when they have to sell or use as currency.
U.S. minted stuff is always going to be worth more.
Brand new stacker here. Haven't even received my first ounce yet. I picked up 10 silver eagles because they are beautiful. But after that nope not buying. Those gold eagles though. Not sure if I can avoid those or not.
I've been stacking for about 18 months. I've acquired about 500 oz. I figure in about 5 years I'll be doing something.
There are 28.35 grams in an ounce, the Panda is slightly more than an ounce, not less.
Maples and Eagles only for me, depending on spot. Maples are my favorite
The old European coins like the swiss one on the right is 90% silver and can be a great buy if the price is right.
In France we don't have 100% silver coin content. The most they have is 90% and the biggest one is the 50 Franc Hercules which contains 90% silver and depending on the year (last batch came out in 1980 but only a few hundred thousand were made) are now collectives but you have the ones prior from 1974 to 1979 and you can get them (as of writing on 16th of june) at 24€ on Ebay which makes this coin a bargain at that price as it weights 30g but it makes the coin at spot with it's weight and silver content (+ it's a beautiful coin).
Great video - i just went into the coin store last week and the owner advised against me getting for investment purposes grading for silver coins - makes sense with what you were saying! B
Agreed the US Silver Eagles are not bullion. The premium will go down someday.
Excellent video Sir. Thank you from a newer stacker. 👍
you are very welcome and thanks for watching! 🔥🐉
Educational as usual 🙌🏾
I totally agree with the presentation and I’ve dealt on an of with the Ag (silver) off an on for years. With eagles you have a beautiful coin but for stacking your really paying a con premium!
Very good advice for people who want to stack bullion silver. Thank you!!
Also American silver eagles have a missing flute which is a sign of a tracking device.