Paying Huge Premiums For Rare Silver, Rip-off or Not?
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- Опубликовано: 29 сен 2024
- Collecting vintage silver is on the rise and the prices are only going up! Is purchasing rare collectable vintage silver for a big premium over spot smart? Sometimes paying hundreds and even a few thousand for one one of silver sound insane, so why do we do it?
Watch the video and weigh in on the conversation! Straight stacking or collecting, what's the best way?
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I think being a "true stacker" would be pretty boring. Just buying the lowest premium silver and relying solely on the price of silver to go up as a hedge is something I'm glad I never stuck to. Collecting has not only been far more enjoyable, but also far more financially beneficial.
@@CyberCurtainTwitcher right, if you’re going to do that you might as well trade paper silver. Nothing is more fun than watching your stack tone over the decades
how often do you sell or have you sold the high premium silver and made a profit?
@@Tracy-wr7mj Just sold some over the past month. I keep a check of what's doing well and what's not. For example, I bought the first issue of the two coin mexican proof & reverse proof set around 2015 for $200. Sold it a couple years ago for $450. The original outlay usually goes back into metals.
Collectors don't sell so unless you sell its not financially benefiting at all. Collectors suck at security as well and will end up robbed because they want to look at it because it's shiny. Materialistic mindset is for peasant class.
100% agree CCT! The trick is collecting the silver that both makes you happy and will also provide some upside potential when it's time to sell, imo. Thank you for weighing in my friend.
It’s like the mafia. Once you’re in - your in. There’s no getting out.😁👍👊
Too funny but sure seems that way.
LOL, so true!!
Haha your right👏🏻
I have some high premium, even a couple of pieces that were $100 an ounce (no Germania), but I’m not foolish enough to think they are worth any more than spot.
Some collectable silver will fail in value over time while others soar in price. I've done better in peer to peer transactions then going to the LCS.
I haven't heard of some of those coins made by Engelhard. Nice pickup
It's amazing how many items Engelhard made. Normally we only see the well know silver from them but there is so much more out there.
@@SilverStruckSo true. The rabbit hole is very deep with Engelhard. From bars to rounds to promotional items. Hell they even made dental fillings and many other products.
I found another BACHE bar last week near Flint, Michigan. I've also slacked off stacking because of the price. I still grab a bar or round if they're old enough or unique enough.
Those Bache bars are pretty scarce now. I have also struggled with the current silver pricing but I keep going because I believe silver has a lot more upside at this level.
Appreciate the support, as always. You’ve got a nice stash of Everest rounds going now! I’ve gotta say, while stacking weight was initially quite important to me, I do believe I’m becoming more of a collector over time vs. a pure stacker. It makes stacking a lot more fun. 😊
I hope you get some business from this video SBS! You website and offering is top notch😊
Interesting rounds! Yeah, both stacking and collecting for me too. I really enjoy the lunar stuff from the Perth Mint. Silver is fun.
Perth has some great series to get into! Good to see you NE Stacker, cheers!
Stacking=boring. Collecting =fun. Dont get me wrong tho I own plenty of generic bars and rounds. The soul purpose of owning generic Ag for me is for trade or to play the GSR when its in my favor. Another great vid Struck👍 Really makes people think and thats my fav part of all of your vids. Well actually my fav part is all the dope *ss sh*t u show 😂😂😂 Love those Everest rounds. TY very much. I will b in touch soon.
Trading the GSR is something I have also been interested in! Unloading generic silver into gold is appealing. Haven't been able to make that play, as you know the gap has been too wide for a long while as we all wait for silver to catch up to gold. Thank you for the continued support my friend!
Great info on each slab sticker. Pretty cool. Congrats on another amazing segment of your collection. You know how to do it right 👊 I’m more of a collector as you know 😬
Thank you for the kind words CSAN! Collecting is by far a lot more fun. I do wish I added some more silver weight years ago but that feeling always comes up when silver is flying high, lol!
@@SilverStruck isn’t that the truth. I bought a bunch of generic rounds years ago but melted quite a few. Wished I’d have stashed a few more tubes of generic. I found some partially scorched Buffaloes when searching for dragons lol
I love vintage silver
That’s why I love your channel
Another great video silverstruck 👍🏻
Great review SStruck. I think its good to stack both generic and collect high premium rarer pieces. Thats one way of diversifying ones investment. Cheers buddy and keep stacking 😊✌🏻
Always good to see you my friend! Us collector types need to stick together😊👍
There have been many times I regretted buying my 2nd piece of silver a vintage 1kg engelhard. afew years later it’s worked out the same as any 1kg bar. Nowdays I’d like to collect say 100 silver kangaroos which are well priced here in Oz
I've had similar regrets but have found that it all works out well over time! The Kilo bars are harder to move as silver goes up in price the smaller amounts do better, imo
I would say I am more of a stacker, but do have a few collections. Could be truly boring not to collect something! Ill admit watching your vids inspires me for more collecting. Enjoy the rest of your Sunday!
Happy Sunday! I think having a mix is wise- diverse stack with generics and collectables. Glad you find value in this content my friend!
I really like how SilverBarStacker packages and labels their coins. I don't care for flips. I recently purchased a one-ounce reverse proof 2024 Libertad. I paid a lot for that one ounce coin and am having buyers remorse. I hope it pays off.
If you are buying modern collectables the Libertad is a good way to go, imo. I stopped buying them myself just because my focus is on the older silver. I did grab the entire 2020 Libertad proof set 4 years ago and those values are way up. Reverse proof is a nice coin to have.
nice rounds. collector here 100%. ASE, maples, pandas, ect ect I get one for the year. I stay away from vintage as I have nothing except one prospector from 85 I think. I enjoy collecting the sets, 4 horseman, Queens beast ect
For modern collectables I collect the US mint's Morgan/Peace series, Komsco's Chiwoo and the Tudor 1/4 gold. Basically everything else is vintage for collection silver and gold. Thank you for watching S&C!
It all becomes vintage after you’ve held it for years✌️
@@Pureblood10000 Hard to argue with that, time weighs in too
Definitely NOT a rip off! Even the f it was it’s your money SS and who can tell another man how to spend his hard earned money! StackCollecting is the way! It’s like being married for a long time ya gotta mix it up to keep it fun and exciting, lol. Keep Hustlin
That's my view as well! Collecting keeps things interesting while offering a big upside gain in the future for certain pieces👍👍
I would like to think I am both, but have definitely been leaning more towards collecting. (LBS says I am stacking vintage). Great addictions to your collection!
Based on what I have seen from you sir- your a vintage stacker for sure!! Nothing wrong with that label, vintage silver is awesome- best upside collectable, imo.
Great pieces, great examples. And SBS's pseudo-slabs are a really interesting and welcome development for those of us who collect the scarce to rare pieces. I've always considered myself a stacker. But the truth is I'm more of a collector.
When I started picking up PM's again back in 2018- it was only full ounce gold coins and generic silver for me-straight stacking. Now I'm really just collecting and happy to be doing so!
I just picked up one of the Englehard Liberty trade units from SBS a few weeks ago.
I guess Englehard, JM and the Mexico City Mint also made them.
I don't go out of my way seeking vintage, but if I see a nice one... I will grab it. Thats what a base stack is for. Overpaying on something and only raising your cost average a few cents.
SBS's top loader idea with his labeling is very cool and a box for them is available at any collector card shop.
I still haven't picked up a card box for my SBS holders. Now, I have quite a few of them, so it might be time to get that box! Always good to see you here Don't Ask, thank you for the support my friend!
I've been stacking peace and 21 morgans at $30 for awhile now from my LCS. I'm okay paying the bit of an extra premium over a generic round (which currently is about $35-37 an oz) because I have the added insurance of the rarity if spot drops
What your doing is almost numismatic stacking! Morgan/Peace almost have their own market.
I am a stackolector 🤔 i would guess ninety percent is of the collector variety. Like you, i love the vintage stuff, especially the englehards! Great vid. Keep up the great work! 👍👍👍
Of all the collectables I really think vintage silver has the best upside over time. Aside from that, I love this older silver- nothing like it produced these days!
I am first a Coin collector first then a Stacker second, but I do have huge collection of vintage Silver bars and rounds!!
I notice many coin collectors are also into vintage silver. I did the same thing, started with Morgan's👍👍
when i have had to sell i would not get anything more then spot for most rounds including kooks..thus its more difficult to recoop the higher dollar silver..but i get the desire to go beyond simple buffalos
If I can, I sell peer to peer to help retain the premium verse selling to the coin shop.
I think if you are willing to be patient and sell peer to peer or sell EBay / IG etc... premium rare vintage stuff can be a great investment. If someones only a emue to sell is a coin shop, then it is a horrible investment with little potential for return. For the smart collector (like you) I think they are great and will pay dividends for you Struck!
This type of silver is not good for trading to the LCS, very true! The collector market is doing very well and certain silver pieces will command a steep premium. Of course, I might have to sell most of this when I'm older like Skully did- that way the LCS doesn't get everything at spot, lol!
I believe it is almost impossible to be a true Stacker these days. To many goodies out there. Even if it's one special piece in the stack. Vintage silver over Novelty for me. Vintage definitely has that extra layer of value. I don't think I've seen a TRUE STACKER in the community in a long time
For content creators there are not many true stackers here anymore- totally agree. There are always some comments in the comment section leaning to the stacker mindset tho. Vintage is my fav too!
Very cool stack of rounds. I can't believe how high silver and gold got the other day. Highest I've seen it since I started stacking in 2018
2018 was when I got back into PM's myself. That was the year to get in- last of the low pricing my friend!
Stacking does get boring over time, so collecting spices it up a LOT!
I haven't added stacking weight in a long time, it's been a lot of collecting for me! I see you doing the same on your channel WMW😊👍
Another great video and history lessons , thank you Silver Struck
Thank you for watching and leaving a comment!
Sold most of my generic and Eagles I picked up for $15 - $17 and bought Engelhard poured and loafs. Paid about $4 over for the Engelhard and the generic was $2 - $4 over….much happier with the Engelhard. Love the hunt too, very boring walking into a shop and buying generic.
Most coin shops I go to have lists of people wanting to be contacted when vintage silver comes in….lots of generic sitting behind the counter though.
I see the same thing! When I go into the LCS, it's all generic or modern collectables. My store has a list of people that are called for the vintage stuff. I'm one of those on the list but I do not buy everything offered (you would need unlimited funds). He had 6 Engelhard Canadian Kilos come into the store four of which had sequential numbers- those have a heavy premium on them and you do not see that silver under the glass!
is there a big market for obscure rounds vs the more popular like perth or the somali elephant.
I haven't been into the modern collectables as much as the older silver. There are certain areas that have large followings like you talked about. Libertad's come to mind as another good example!
I'm both stacker and collector, more of a collector,generic is just to boring, very cool additions 👊👍
Yes, I love what you hunt down for collectables SAW, good work!
Yup, it’s a rip off. Don’t pay 39$/oz anymore
Thank you for weighing in with your opinion, much appreciated 😊👍
Curious if you've ever taken a low mintage in to your LCS to find out true value? Silver vs numismatic always a great question. Nice post!
The LCS and I often obtain the values the same way, from past auction results (again similar to coins). I'll go on Ebay, Mineral X and others to see what the rare silver sold for. I lean on the LCS for coin values- grey book etc but not so much for rare vintage.
@@SilverStruck I started collecting back in 2017; primarily coins with a few rounds, with the goal of testing the theory that they will appreciate on two fronts: numismatic and pm values. while watching the market I am bewildered; i.e. APMEX vs. EBay pricing. guess I won't know until its time to sell. 8)
How do I ping test my 10 oz bars? 🤔
Start by putting it in between your legs and........😂😂😂
That's an interesting question. You could clank a couple bars together, silver has a unique sound. For me, I use a metal analyzer. so I verify the silver bars on the analyzer.
@@SilverStruck thank you
Profit is definitely a bonus. Truthfully I started filling Witman book's when I was younger My grandmother got me interested but I got lazy. 🙄 Nice looking Stack of Silver. I got a few Buffalo Rounds. Keep Stacking 👊
Yes sir, keep stacking! I started out pretty young in coins as well but when I hit my teens and twenties I was too busy with cars and girls to care about silver anymore, lol! Back on track now😊👍
@@SilverStruck I can relate with The distraction's 😂
Stacking and collecting are two very different paths. Stacking is the purchase premium that is essential but for collections, the value is the condition and rarity. Some bronze coins can be more expensive than a gold coin. Nothing comparable.
HI NC! You have a great collection going. It's fun to watch the progress you make! Collecting the rare stuff is challenging but very fun as you know😊
@@SilverStruck That's true. Besides, I've neglected collecting a bit too much in favor of stacking.
Congratulation of being a collector (self admission to being materialistic (opposite of wealth) you will wonder the afterlife for eternity continually searching for material items in a non material world. (Hell)
Well this is a cheerful comment, lol! Silver and gold is gods money and used against the future mark of the devil (opposite of Hell). Having a reasonable amount of material wealth to support a family is not a sin.
That's a bit extreme 😂😂😂
@@AGAUaddict I get comments like this every so often🤣🤣😊😊
Shoutout to silver bar stacker
Great store! SBS does a great job with what he does.
@@SilverStruck most definitely but all of you stackers on RUclips do a great deal by educating us virgins😂😅
@@goldsilverjunkie 🤣🤣
I guess I call my self stacker collector lol
That's a good way to look at it- stacking but some silver with a collectable upside 😊👍👍
First!!!
Jk in the house!
And as always, more awesome 👌 additions to the collection.
Cheers 🍾 🔥 SS.
Thank you BA! Waiting for Oct to get my modern collectables going😁😊
@@SilverStruck nice! 👍
Awesome stack-ollection!
Will you be buying the $100 1 Oz silver Trump “coin?” 😂
Not sure on that only because it's a modern collectable. Good question tho!
@@SilverStruckI would consider getting them regardless of my politics if I thought they were a good investment. However, the premium is sky high right off the bat and I don’t think it will ever sell on the secondary market for anywhere close to that. Rather they will probably end up in the melt bin in a few years. They’re more of a campaign donation than a collector’s item. I won’t be buying one.
The 100k watches are interesting. I did a little research on them because I know nothing about watches and couldn’t fathom how one could cost so much. It turns out a Swiss made watch of the same type can fetch something like 50k, and it has 30 grams of gold and some tiny diamonds, so it’s not entirely a hunk of junk. But from what I’ve read, watch experts have said the mechanism is likely assembled in China with only a few parts being of Swiss origin, making the watch much closer to melt/diamond weight value. Again, appears to be more of a donation than a product worth anything near the asking price. I just hope no one buys one thinking they can flip it ever.
think its meant to be more of a donation to his campaign.
@@Tracy-wr7mj I agree with you that they’re probably meant to be a donation, but if so, there is fraud going on. According to the website where these are being sold, “The coins are not political and have nothing to do with any political campaign.”
Silver is silver.
Thank you for the comment!
Great video
Thank you for watching!
PRETTY COOL SS
HI James! Thank you for watching my friend!
@@SilverStruck AND FROM A HOSPITAL BED LOL BUT TRUE