With the high premium for silver, yes I agree 100%, gold is the better choice. New stackers need to hear this. It took me a long time to to figure this out, even though it's very obvious. Thanks Mr. Powell.
The major obvious difference is that with gold, you always have at minimum the value of the gold if popularity drops off. With silver, if the popularity drops off you could lose a tremendous amount of value. High end silver collectible coins can have a higher risk. That happens often in the trading card market. Numerous people lost a small fortune on Barry Bonds and the other home run king cards of the steroid era.
This point is my main thought when buying coins and my I have moved almost exclusively to gold.. If the market tanks, what can I get out of this coin? I have a few thousand+ dollar morgans.. If the market drops off they're worth 20 bucks like the millions of other morgan dollars floating around. It's a bigger risk. And yes, I've been in the sports card industry for the past 10 years and in the end they're all cardboard with 0 actual value. Silver and gold will still have value as long as there is life on this planet
It depends which coins. For silver the morgan CC are very popular and highly liquid and for gold I like the St Gaudens. Totally agree silver is way over premium!
Yeah I agree, the price over the melt value is way higher for numismatic silver coins versus gold coins. So when you look at that, gold is a really good choice for collecting. The thing is demand is there for silver, like you said, people just like collecting silver, so rare issues are super expensive. I like the look of both 😅 🔥🦈🌊
I believe Silver has so much more upside potential compared to gold. But gold is alot better preservation of wealth, packs more punch in a smaller consolidated space, it's alot less volitale than Silver and is probably the better buy for people going to or in their retirement years
@@CampbellsCoins generally speaking, I'd say probably yes. Just because collectable gold is a much smaller market than Collectible Silver. Not everyone can even afford generic gold Bullion. But if we're strictly talking about a rise in percentages then I'd say Collectible gold will most likely do better than Collectible Silver. Great talk though
Excellent take on the subject, as with all collectibles, prices are dictated by DEMAND, not SUPPLY. It’s really hard to say whether there is a clear winner because spot plays very little role in investment grade numismatics.
Silver is easier to collect when you are new to make sure you don't put too much into it and they are cheaper even for rarer coins compared to gold counterparts similar to your example. Also it is easier to complete silver collections over gold just because the minimum cost for a gold coin will be higher on average compared to silver coins. Of course this is excluding the super rare key dates or varieties.
"Toning" is a form of damage to a coin. Such happens much more slowly to gold - and with little ill effect - at that (as compared to silver). But, forget all that! Margaret Hungerford, née Hamilton, (a lifelong resident of Ireland) - had it right when she first uttered those (to become) immortal words: "Beauty is in the eye of the beholder!" For many, unadorned gold coins in their natural, minted condition beats out fancy toned silver specimens most always. So be it!
Popularity is everything. The $10 indians are a decent bet going forward IMO. Also $10 Libs with PL surfaces are extremely rare and i think they are a good value from an investment perspective.
We share similar tastes in numismatics.....Morgans, (especially CCs and toners) $10 Indians and the 2016 gold commemoratives. As the knight in The Last Crusade said, "you have chosen wisely." 💪
I agree with much of what you explained, but I see another dynamic nobody mentions. The very wealthy among us put their money to real estate, yachts, airplanes and works of art worth $millions/billions, and probably gold and silver too. For us peons at the bottom, gold and silver give us the ability to save/invest in art; in the form of currency, an everyday item that passes through many hands, and still contains desirable numismatic items including those containing silver. We can accumulate these as we find them or can buy/sell/swap them on a number of sites/platforms, made more available by the internet. Silver is the cheapest precious metal for this purpose and, as you say, has many more varieties than gold coins, giving a broad choice for people with less resources. I live nowhere near USA, but my raw and graded silver US coins account for more than half the value of my whole stackcollection. So, continued high-premium/low-mintage silver accumulation is my pick for my legacy stack. Great question, mate.
I don’t think the metal matters. You’re talking about rare coins. It’s the coin that matters. Could be made of aluminum, but it’s rare and people want it, it’ll be worth it.
my eye always goes to the gold. that said, some silver can look great, if it's got that satin or burnished look. i tend to not like proof or proof like coins.
I think if you are collecting random individual coins, you are right. The gold coin will always retain the value of the gold, but because the spot price of gold is 80 times higher than silver, EVERY coin, in a gold series, you may want to collect, has a very high $ entry point. So, if you want to really get a collection going, it will be pretty hard for most people collect gold as a hobby. But for individual coins, there is great value in gold.
![Buying Gold and Silver For Beginners [How To]](http://i.ytimg.com/vi/qlLCuUJtw4w/mqdefault.jpg)
With the high premium for silver, yes I agree 100%, gold is the better choice. New stackers need to hear this. It took me a long time to to figure this out, even though it's very obvious. Thanks Mr. Powell.
Haha thanks. I'm sure you still collected some good pieces, even if the premiums were high.
The major obvious difference is that with gold, you always have at minimum the value of the gold if popularity drops off. With silver, if the popularity drops off you could lose a tremendous amount of value. High end silver collectible coins can have a higher risk. That happens often in the trading card market. Numerous people lost a small fortune on Barry Bonds and the other home run king cards of the steroid era.
Great point. However, I'd like to mention, this hasn't occurred with silver coins. 99.8% of the time, the values increase over the years.
This point is my main thought when buying coins and my I have moved almost exclusively to gold.. If the market tanks, what can I get out of this coin? I have a few thousand+ dollar morgans.. If the market drops off they're worth 20 bucks like the millions of other morgan dollars floating around. It's a bigger risk. And yes, I've been in the sports card industry for the past 10 years and in the end they're all cardboard with 0 actual value. Silver and gold will still have value as long as there is life on this planet
It depends which coins. For silver the morgan CC are very popular and highly liquid and for gold I like the St Gaudens. Totally agree silver is way over premium!
Have to agree ...
Yeah I agree, the price over the melt value is way higher for numismatic silver coins versus gold coins. So when you look at that, gold is a really good choice for collecting. The thing is demand is there for silver, like you said, people just like collecting silver, so rare issues are super expensive. I like the look of both 😅
🔥🦈🌊
Haha totally agree. I certainly couldn't pick one over the other. Diversification is key after all lol. Thanks Oceans, good to hear from ya!
Fantastic reasoning. I'm loving this Jerome bit.
I believe Silver has so much more upside potential compared to gold. But gold is alot better preservation of wealth, packs more punch in a smaller consolidated space, it's alot less volitale than Silver and is probably the better buy for people going to or in their retirement years
Collectible silver has more upside than collectible gold?
@@CampbellsCoins generally speaking, I'd say probably yes. Just because collectable gold is a much smaller market than Collectible Silver. Not everyone can even afford generic gold Bullion. But if we're strictly talking about a rise in percentages then I'd say Collectible gold will most likely do better than Collectible Silver. Great talk though
would love to see a clip about which gold coins best to start collecting.
Noted! Thanks for watching!
Excellent take on the subject, as with all collectibles, prices are dictated by DEMAND, not SUPPLY. It’s really hard to say whether there is a clear winner because spot plays very little role in investment grade numismatics.
Thanks! I'd like to shift demand; we shall see how it takes. Also I agree, it's tough to pick a winner as there are many factors affecting them.
Me personally, I’m drawn to the allure of Gold.
However, I can’t resist the draw of Silver either.
I’m just an Addict 🙉
HAHA! We share the same crippling addiction bro! Thanks BA!
As much as I love collectible gold coins, I can’t argue with your facts. You’re spot on once again. I guess now I can’t decide. Why not both? Haha.
Haha, I have both and so should everyone. One is just a little better premium wise, if they can afford it. Thanks bro!
I think....that was a damn good video! Great info and insight....thanks!
Much appreciated! 😎🙏
Silver is easier to collect when you are new to make sure you don't put too much into it and they are cheaper even for rarer coins compared to gold counterparts similar to your example. Also it is easier to complete silver collections over gold just because the minimum cost for a gold coin will be higher on average compared to silver coins. Of course this is excluding the super rare key dates or varieties.
thank you for a great clip !
"Toning" is a form of damage to a coin. Such happens much more slowly to gold - and with little ill effect - at that (as compared to silver).
But, forget all that! Margaret Hungerford, née Hamilton, (a lifelong resident of Ireland) - had it right when she first uttered those (to become) immortal words: "Beauty is in the eye of the beholder!" For many, unadorned gold coins in their natural, minted condition beats out fancy toned silver specimens most always. So be it!
I will always get both of them!
Man, u got any 3 cent silver pieces! They are so cool looking. I’m gonna put together a type set soon
Not yet but I like them too. I'm hoping to find a good one just to have. Good luck with your set!
Thanks for your epic posts
Thanks for watching!
Popularity is everything. The $10 indians are a decent bet going forward IMO. Also $10 Libs with PL surfaces are extremely rare and i think they are a good value from an investment perspective.
That's a good choice too.
We share similar tastes in numismatics.....Morgans, (especially CCs and toners) $10 Indians and the 2016 gold commemoratives. As the knight in The Last Crusade said, "you have chosen wisely." 💪
I agree with much of what you explained, but I see another dynamic nobody mentions.
The very wealthy among us put their money to real estate, yachts, airplanes and works of art worth $millions/billions, and probably gold and silver too.
For us peons at the bottom, gold and silver give us the ability to save/invest in art; in the form of currency, an everyday item that passes through many hands, and still contains desirable numismatic items including those containing silver. We can accumulate these as we find them or can buy/sell/swap them on a number of sites/platforms, made more available by the internet.
Silver is the cheapest precious metal for this purpose and, as you say, has many more varieties than gold coins, giving a broad choice for people with less resources.
I live nowhere near USA, but my raw and graded silver US coins account for more than half the value of my whole stackcollection.
So, continued high-premium/low-mintage silver accumulation is my pick for my legacy stack.
Great question, mate.
Yes, I agree. Thanks for stopping by!
Great tip, thank you.
You're welcome! Thanks for stopping by!
I just picked up a 1908 Saint gaudens for $2,100 yesterday
Nice!
I don’t think the metal matters. You’re talking about rare coins. It’s the coin that matters. Could be made of aluminum, but it’s rare and people want it, it’ll be worth it.
i have been stacking morgans and quarters this yr. I just wish i got in on stacking these in 2017
Good argument and points.
Cheers 🥃
😎🍺
Love those indians, good video...
Thanks 👍
Excellent video. I love those $10.00 Indians.
Awesome video
my eye always goes to the gold.
that said, some silver can look great, if it's got that satin or burnished look.
i tend to not like proof or proof like coins.
😎
I think if you are collecting random individual coins, you are right. The gold coin will always retain the value of the gold, but because the spot price of gold is 80 times higher than silver, EVERY coin, in a gold series, you may want to collect, has a very high $ entry point. So, if you want to really get a collection going, it will be pretty hard for most people collect gold as a hobby. But for individual coins, there is great value in gold.
Great 2 Cents ,CC
Thank you! 😎
Agree 🪙
🙌
Vs Rare Cahds
Ha!