After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing intrest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio.
Center around two key targets. In the first place, remain safeguarded by realizing when to offer stocks to cut misfortunes and catch benefits. Second, get ready to benefit when the market turns around.I suggest you look for the direction a representative or monetary consultant.
@Dragon Jee Much appreciated, I gazed her upward on the web and was profoundly dazzled by her qualifications; I reached out to her since I really want all the assist I with canning get. I just set up a call.
Glad I'm not the only one that has lost money. I've been coin collecting for 5 years. Finally tried auctions this last year. That was really a hard lesson. I think I made many mistakes on those. Giving them up for a while. Love the videos you do
It definitely is important (over the long run) to make mistakes... you learn from them, and then use the increased knowledge to do even better in the long run!
I am thinking silver bars are the way to go, the place I go does a pool buying allocation, $1.10 Australian dollars a gram & whenever you want you can ask for your grams total in physical silver so you can take it home, not such a bad idea but until you get the physical silver bars or coins it's still just on paper, however the company is very stable & not going under or bankrupt anytime soon, just keep depositing money until you want to withdraw your cash or silver.
My favourite are the Britannias, which I've for years struggled to buy a single coin due to its high premiums so I opted for alternatives ,until 2020 I finally bulk bought several hundreds Brits from central Europe tax free when the spot price last dipped. Nice range of coins there. 👍
There is a difference between stacking and collecting. If I was to stack, I would go all generic. Just bars of plain bars and as cheap as possible. I am a collector and will be willing to pay for beautiful artistry for me to enjoy. I enjoy art than just plain bars and rounds, but that is just me. Others just want quantity and lots of it.
Sometimes you can get sovereign coins for very little over the price of the cheapest rounds. I recently bought two tubes of Britiannias for $1 over the cheapest rounds on sale. That's on sale, not for sale ... on sale. I bought 175 ounces in January. I bought all of them, including a tube of Maples, on sale. It isn't about collecting, it's about stacking and using your brain. The nifty collectibles will eventually be sale priced. Okay, the Silver Eagle will always be ridiculously high, but early in my stacking I did find a sale, and I kick myself from only buying ten. I should have bought at least a tube, but I was a newbie and was being cautious. Now I never buy less than a tube of anything.
@@cephasmartin8593 I am limiting my silver this year but I will still buy more Britannias than others. Staying away from expensive eagles. Waiting for better gold prices like last year.
TreasureTown I know we have talked before through here and other plat forms. I don’t stack but collector of mostly everything. I don’t get duplicates. I enjoy my hobby and do research before making transactions. I find it fun when I finish albums and put it aside. The last Buffalo I need is that darn 1918d 18/17. One of which I am getting is 1k and graded. That’s my mission. And upgrade stuff along the way if I find it by luck. People call me nuts. I love legal sovereign coins and US bank notes. People call me nuts but I care less.
Nothing wrong having a few collectors items with a decent premium. Especially the Libertads increased in value during the past few months. Greets from GER, U.
I'm in Australia and I haven't found a place that pays less than $10 premium, the cheapest I have found are, Canadian maple, Kookabura, Krugerrand, Philharmonic going for $44, spot is at $33 Aud, it would be great if I could find closer to spot.
I totally agree. It is a good warning to guide others, but there is fiat cash to be made with some of those "collectibles." Selling them could be tedious, but could be worthwhile to sone.
I’ve purchased lots of collector coins and rounds knowing the premium was a killer. I didn’t buy to flip. I’m not a true stacker. Imma stacollector. I enjoy the various series I’ve collected. Made lots of mistakes. But, there have been some real winners too. I have sold some at more than double the purchase price that has helped to offset some of the klunkers. Awesome vid, my friend. Sound advice. Don’t do what I did. It might be okay for me but it’s definitely not for everyone lol
When the mint did the Morgans a year or two ago, I bought three of each and then immediately flipped the other two on eBay, with the net profit of the two effectively paying for the third for me. It was a good move as the value on eBay has since crashed - a better move probably would have been to have simply sold all three but I like Morgans and wanted them for my personal collection. While they'll probably hold their premium on eBay, I'm betting if I took them to a dealer he'd give me no more than he'd give for an Eagle or other government issued round.
Interesting - a good point, though I guess the drawback would be for the average person, spending $2,500 is a fair amount and then not being able to cut back incrementally could pose an issue. But for deeper-pocketed individuals that certainly makes sense.
Good of you to share your experience and warn others. It all depends on when, where, and how you sell. A good rule of thumb for me is to realize and accept that you are immediately down 30% once you buy any silver piece. Similar to buying a brand new car.
Two thoughts my friend, First for me, I have a Stackin side which is 90% silver and silver rounds, and a collectible side which is stuff I like. I thought about my own situation if I were to sell my collecting side go to a local coin show set up a small booth or in your case you could sell to your viewers.Keep Stackin bro
You missed the happy times, my man. All sovereign silver was like 4-5% over spot, getting tubes of eagles and maple leafs for like 3-5% over spot; getting generics for 1-2.5%. I look at the current premiums, dry heave, and just go look at numismatics with an upside.
Here recently I am paying just a little over round prices for government coins for stacking no harm in a few pieces for fun. But i primarily like Sovereign Government Coins…. My favorites are Krugerrands, Maple Leafs, Kangaroos, Britannias, and Philharmonics… Luckily since I have started premiums on those coins have been under a dollar over most rounds…
the LCS in my area charge like 28.50 for silver rounds so I just buy Britannia's on sdbullion because they are around the same price. They were supposed to be BU but some were scratched but not too bad for the most part I was just hoping for BU but still better than a used round.
OK here's my stacking. I got into it around 2016. Silver was in the $13 to $14 range. I asked the LCS what should I buy? They said always stay closest to spot. I only bought bullion and junk. In 2019 a bad thing happened in life. I needed cash. Spot jumped to $19.25 had to sell most. They were super cool. Started buying a few months later when could. Then covid hits then silver jumps to $28 ish and eagle premiums were crazy and I was laughing cause re sold what I'd accumulated again. Did good. Bought some back when silver dropped again but mostly waited. Last Oct or Nov when it hit $18.50 bought a ton cause instead of FOMO I'd been stacking fiat. Inflation can't hurt your dollars if they are being saved. I also believe it's heavily manipulated. So I figured I'd wait till it got beat down.,now recently it hit $24 and I've been trying to tell ppl it's coming back down. No one listens I guess. I'll buy again when it drops below $20. Never have lost with silver. Silver has taught me to save more than anything on this planet. Also never in all that time have I ever bought an eagle. Us poor ppl should only want weight. Unless an ebay flipper. Stick to bullion.
You're smarter than most of these youtubers then as they all claim they never do stuff like that when metal dips and peaks - they've stopped becoming stackers and turned into dragons, sitting on a hoard of metal they'll never be willing to part with.
I still swear by constitutional silver/gold and a few rare numismatic coins. I have one rare coin that’s gained almost 1,000 per year. Basic silver rounds is the way to go
Your voice and hands look young to me. (I'm 67). When I was young I wish I'd purchased more of the shinny regardless of type, quality or premium instead of blowing all my money on smoking, drugs, drinking and ladies. Stay the course and buy what pleases you. Then Hold.
I don't buy expensive silver or gold bullion coins because the spread virtually guarantees a loss for years. I do have ONE each ASE, Britannia, CSML, and an Australian Kangaroo because I think they are attractive. But that's it, one of each is enough. My stack consists of generic rounds and common 10oz bars purchased at the lowest possible premium. My gold is all low premium 1 oz. branded bars in assay cards. Premiums have been ridiculous for years with limited opportunities to recoup the costs. I don't plan on getting more than spot when and if I decide to sell. Numismatic coins are a completely different kettle of fish, of course.
For 1oz bullion, brittanias, roos, and phill harmonics have the lowest premiums, but for just silver weight 10oz bars have a fairly low premium and relatively affordable
Went to a lcs a few days ago. Say an aussie emu coin (my favorite bird lol) and was SOOO tempted but it was $45. Couldn't bring myself to pay that much so i just ended up with 2 generic buffalos for a little more
Just curious if you often handle your silver by the edge like that? b/c I'm noticing alot of milk spotting or frosting just around the rim of your coins. Happy Stackin eh!
Your priorities have simply changed. You’re shifting from a collector to a stacker mentality. If your goal is to attain as much silver for your money as possible then generic rounds and bars are definitely the way to go. However, it appears that you were also buying heavily in the last couple of years, when premiums on everything was high. Even now, generic rounds are fetching premiums as high as American Eagles were getting pre-pandemic. I think it’s important to remember that when you factor in inflation, silver is an extremely under priced commodity. Timing is everything. Buying last year was a poor time to purchase. Selling right now is a poor time to liquidate. The spot price will inevitably, (not to be confused with imminence), adjust accounting for inflation, and that will be the opportune time to sell.
I recommend getting half dollars 1964 Kennedy and Franklin halves you can get in unc. condition for " junk" premiums.. and also some circulated walking liberty halves.. Check with an honest local coin shop.. usually the best place to buy.
When you buy it's important to look at it from a long term investment. If you are looking with the intent of making money then buy as a dealer and flip it. Keep what you can afford or buy what you can afford as a collector. Dealers will take advantage of you with premiums. You could have done worse. Seeing you already know, just improve on your methods and don't get desperate on gains. Your character is your wealth.
I bought a lot of beautiful silver coins that cost more than $100 an ounce . I enjoy looking at them everyday to admire the amazement and beauty of them. I also purchased some silver bars with very good deals. I bought many sets of Hamilton silver bars I think I can make a lot of money when it’s time for me to sell. Last week I paid $1000 for 38 US President 1oz silver with a beautiful box and $600 for 24 different states silver bars. They both designed in the year of 1975. I believe the people who sold them are the people who bought silver in 1975 for $5 an ounce. Now they sell them for $26 an ounce. They made $20 profit for one ounce. Yet they could enjoy the beauty of those bars for 50 years. I will not sell my beautiful coins till the silver price reach $300 maybe in 20 years . I don’t think there is a right or wrong way to stack silver. But rather there is a different way for different people to stack silver. I paid high price for my beautiful coins to support and encourage the artists who designed those magnificent coins.
It seems like your learning curve should include listening to your own advice. I never paid a crazy premium on Philla or Kruger’s Britannias or even Maples. I have stayed away from ASE because of the high premiums.
I'd be proud to own ur collection mybe not the best to stack with but they are good for collecting I keep the two separate so if emergency comes or what not I can cash in the some of what I stack I also have a paper bill collection I keep separated from the others also hopefully one day it will all come together and amount to something but for now it's fun and I still keep a savings of bouyin
I think the coins you bought are pretty cool. The collector side of me has started to buy one sovereign coin from each country that i can find, so that i have a variety of world coins. I will only buy one of each. The stacker side of me will only stack generics, bars, and some constitutional. I would like to stack government coins one day, but the premiums are too high right now. Of course i would love to stack eagles but not at the premium costs of today.
I'd don't think there's much silver bullion that is good for a quick turnaround.. Silver bullion is a long term investment.. Some of the collector pieces in my opinion are way over-priced.
That macaque is a $50 coin, and the Ukraine silver is on fire lately, if you’re not making money selling those coins, you’re doing something wrong, check sold listings on eBay, price accordingly and don’t sell unless you make a profit, what’s the rush, don’t be so impatient.
I buy whatever is cheapest and whatever I like. I try and keep my numismatics to 30% of my stack. Im skewed a little over 30% now but its because I started buying my 3 daughters a numismatic ounce for holidays and birthdays instead of a bunch of crap they will break or grow out of. Trying to get them to start purchasing their own silver while the are young and have disposable income instead of wasting it all on crap like robux...
Have them graded, it may meant to be for future generations to come and you like them when you bought them, totally ok!--- You define the moment or the moment defines you.
Your just impatient. Silver is a slow slow play. We've all watched dedicated silver stackers live and die by their hunch on silver. How did the they benefit from it ? Other then it's pretty the silver didn't love them back
@@TreasureTownCoins appreciate your hard work to share your experience with us. None of us are perfect investors if we were... there'd be a Warren around every corner (that's a creepy thought)
You might get your money back on the Ookraine coin after Russia obliterates the place. It will be a sovereign coin from a country that no longer exists. It will be BlackRockistan or something.
Doesn't matter what the cost as long as you like them it's still better in the long run than fiat...much rather look at that stack than a bunch of generic..but that's just me
Thanks again, Christian. We all make mistakes. Sharing your experiences with us will help to educate.
Thanks!
After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing intrest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio.
Center around two key targets. In the first place, remain safeguarded by realizing when to offer stocks to cut misfortunes and catch benefits. Second, get ready to benefit when the market turns around.I suggest you look for the direction a representative or monetary consultant.
@Drago250 Could you please leave your investment advisor details here? I need it urgently.
@Dragon Jee Much appreciated, I gazed her upward on the web and was profoundly dazzled by her qualifications; I reached out to her since I really want all the assist I with canning get. I just set up a call.
I believe Obeah man Dr. BUJUMBURA can help you with this and a most sexiful love life, to boot. Gaze upon him within the Internet and be dazzled.
Thanks for sharing your mistakes. We all make them. In the long run I am confident you will come out on top.
I appreciate that!
Glad I'm not the only one that has lost money. I've been coin collecting for 5 years. Finally tried auctions this last year. That was really a hard lesson. I think I made many mistakes on those. Giving them up for a while. Love the videos you do
It definitely is important (over the long run) to make mistakes... you learn from them, and then use the increased knowledge to do even better in the long run!
I am thinking silver bars are the way to go, the place I go does a pool buying allocation, $1.10 Australian dollars a gram & whenever you want you can ask for your grams total in physical silver so you can take it home, not such a bad idea but until you get the physical silver bars or coins it's still just on paper, however the company is very stable & not going under or bankrupt anytime soon, just keep depositing money until you want to withdraw your cash or silver.
Its always good to reassess investments. You are either making money or learning. Your shows on whatnot have been great.
I appreciate that! Thanks for joining over there!
Thanks for sharing both your wins and losses! Appreciate the transparency.
Always!
Silver is a long term investment that pays off big but infrequently
My favourite are the Britannias, which I've for years struggled to buy a single coin due to its high premiums so I opted for alternatives ,until 2020 I finally bulk bought several hundreds Brits from central Europe tax free when the spot price last dipped. Nice range of coins there. 👍
There is a difference between stacking and collecting. If I was to stack, I would go all generic. Just bars of plain bars and as cheap as possible. I am a collector and will be willing to pay for beautiful artistry for me to enjoy. I enjoy art than just plain bars and rounds, but that is just me. Others just want quantity and lots of it.
I fully agree!!
Sometimes you can get sovereign coins for very little over the price of the cheapest rounds. I recently bought two tubes of Britiannias for $1 over the cheapest rounds on sale. That's on sale, not for sale ... on sale. I bought 175 ounces in January. I bought all of them, including a tube of Maples, on sale. It isn't about collecting, it's about stacking and using your brain. The nifty collectibles will eventually be sale priced. Okay, the Silver Eagle will always be ridiculously high, but early in my stacking I did find a sale, and I kick myself from only buying ten. I should have bought at least a tube, but I was a newbie and was being cautious. Now I never buy less than a tube of anything.
@@cephasmartin8593 I am limiting my silver this year but I will still buy more Britannias than others. Staying away from expensive eagles. Waiting for better gold prices like last year.
TreasureTown I know we have talked before through here and other plat forms. I don’t stack but collector of mostly everything. I don’t get duplicates. I enjoy my hobby and do research before making transactions. I find it fun when I finish albums and put it aside. The last Buffalo I need is that darn 1918d 18/17. One of which I am getting is 1k and graded. That’s my mission. And upgrade stuff along the way if I find it by luck. People call me nuts. I love legal sovereign coins and US bank notes. People call me nuts but I care less.
Nothing wrong having a few collectors items with a decent premium. Especially the Libertads increased in value during the past few months. Greets from GER, U.
Right on - I agree!
Love these videos on precious metals. Please more like this. thank you
Beauty & variety are not mistakes!
I'm in Australia and I haven't found a place that pays less than $10 premium, the cheapest I have found are, Canadian maple, Kookabura, Krugerrand, Philharmonic going for $44, spot is at $33 Aud, it would be great if I could find closer to spot.
You only lose when you sell them so hold on to them if you can .
I totally agree. It is a good warning to guide others, but there is fiat cash to be made with some of those "collectibles." Selling them could be tedious, but could be worthwhile to sone.
True! Though if I can convert to more silver, may be better from a stacker approach / mentality.
I’ve purchased lots of collector coins and rounds knowing the premium was a killer. I didn’t buy to flip. I’m not a true stacker. Imma stacollector. I enjoy the various series I’ve collected. Made lots of mistakes. But, there have been some real winners too. I have sold some at more than double the purchase price that has helped to offset some of the klunkers.
Awesome vid, my friend. Sound advice. Don’t do what I did. It might be okay for me but it’s definitely not for everyone lol
That is fair - and how I view it!
When the mint did the Morgans a year or two ago, I bought three of each and then immediately flipped the other two on eBay, with the net profit of the two effectively paying for the third for me.
It was a good move as the value on eBay has since crashed - a better move probably would have been to have simply sold all three but I like Morgans and wanted them for my personal collection.
While they'll probably hold their premium on eBay, I'm betting if I took them to a dealer he'd give me no more than he'd give for an Eagle or other government issued round.
100 oz bars are a sweet spot, low premium and very liquid. Good video. I've made this mistake, too, back in 2010.
Interesting - a good point, though I guess the drawback would be for the average person, spending $2,500 is a fair amount and then not being able to cut back incrementally could pose an issue. But for deeper-pocketed individuals that certainly makes sense.
I don’t see a problem with having a few coins that you like if you’re just going to collect them with the intention to keep them.
Totally agree.
Good of you to share your experience and warn others. It all depends on when, where, and how you sell. A good rule of thumb for me is to realize and accept that you are immediately down 30% once you buy any silver piece. Similar to buying a brand new car.
Great point!
Two thoughts my friend, First for me, I have a Stackin side which is 90% silver and silver rounds, and a collectible side which is stuff I like. I thought about my own situation if I were to sell my collecting side go to a local coin show set up a small booth or in your case you could sell to your viewers.Keep Stackin bro
I didn’t see any American Eagles in that pile. To me they are the biggest rip off for premiums
Especially these days!
You missed the happy times, my man. All sovereign silver was like 4-5% over spot, getting tubes of eagles and maple leafs for like 3-5% over spot; getting generics for 1-2.5%. I look at the current premiums, dry heave, and just go look at numismatics with an upside.
Here recently I am paying just a little over round prices for government coins for stacking no harm in a few pieces for fun. But i primarily like Sovereign Government Coins…. My favorites are Krugerrands, Maple Leafs, Kangaroos, Britannias, and Philharmonics… Luckily since I have started premiums on those coins have been under a dollar over most rounds…
the LCS in my area charge like 28.50 for silver rounds so I just buy Britannia's on sdbullion because they are around the same price. They were supposed to be BU but some were scratched but not too bad for the most part I was just hoping for BU but still better than a used round.
The Gibraltar coin is a beauty, I'd pay a premium for that one..
I did too!
the premimums still suck today
OK here's my stacking. I got into it around 2016. Silver was in the $13 to $14 range. I asked the LCS what should I buy? They said always stay closest to spot. I only bought bullion and junk. In 2019 a bad thing happened in life. I needed cash. Spot jumped to $19.25 had to sell most. They were super cool. Started buying a few months later when could. Then covid hits then silver jumps to $28 ish and eagle premiums were crazy and I was laughing cause re sold what I'd accumulated again. Did good. Bought some back when silver dropped again but mostly waited. Last Oct or Nov when it hit $18.50 bought a ton cause instead of FOMO I'd been stacking fiat. Inflation can't hurt your dollars if they are being saved. I also believe it's heavily manipulated. So I figured I'd wait till it got beat down.,now recently it hit $24 and I've been trying to tell ppl it's coming back down. No one listens I guess. I'll buy again when it drops below $20. Never have lost with silver. Silver has taught me to save more than anything on this planet. Also never in all that time have I ever bought an eagle. Us poor ppl should only want weight. Unless an ebay flipper. Stick to bullion.
You're smarter than most of these youtubers then as they all claim they never do stuff like that when metal dips and peaks - they've stopped becoming stackers and turned into dragons, sitting on a hoard of metal they'll never be willing to part with.
Usually buy off JM and I always go to the size I want and check rounds and bars. And buy the cheapest available.
What's the coin with just the TRIDENT on it it's in between the Canada Buffalo coin and the Cameroon Baboon coin
👍👍👍nice video
Love Brittania's and Maple Leafs. Never paid over 6$ spot, for either.
I still swear by constitutional silver/gold and a few rare numismatic coins. I have one rare coin that’s gained almost 1,000 per year.
Basic silver rounds is the way to go
That's incredible! Well done.
I love to collect. Never buy the year they are released. Value always drops. When you sell you are lucky to get spot. It really sucks.
If you like them then it’s ok. I got some that are graded and I like them a lot.
Agreed!
Your voice and hands look young to me. (I'm 67). When I was young I wish I'd purchased more of the shinny regardless of type, quality or premium instead of blowing all my money on smoking, drugs, drinking and ladies. Stay the course and buy what pleases you. Then Hold.
ASE'S are probably about the worst silver to be stacking. Good luck recuperating the insane premiums later.
I don't buy expensive silver or gold bullion coins because the spread virtually guarantees a loss for years. I do have ONE each ASE, Britannia, CSML, and an Australian Kangaroo because I think they are attractive. But that's it, one of each is enough. My stack consists of generic rounds and common 10oz bars purchased at the lowest possible premium. My gold is all low premium 1 oz. branded bars in assay cards. Premiums have been ridiculous for years with limited opportunities to recoup the costs. I don't plan on getting more than spot when and if I decide to sell. Numismatic coins are a completely different kettle of fish, of course.
Makes a lot of sense to me!
For 1oz bullion, brittanias, roos, and phill harmonics have the lowest premiums, but for just silver weight 10oz bars have a fairly low premium and relatively affordable
Good point!
Right now finding a store that sells single oz under $29 damn near impossible maybe I’m just going to the wrong spot
Today i paid for an American Eagle 1986 in silver 38 swiss francs. It's high but under 40 swiss francs like the new ones.
I'll have one 25ct tube of mixed world bullion coins, then the rest will be generic
Went to a lcs a few days ago. Say an aussie emu coin (my favorite bird lol) and was SOOO tempted but it was $45. Couldn't bring myself to pay that much so i just ended up with 2 generic buffalos for a little more
Just curious if you often handle your silver by the edge like that? b/c I'm noticing alot of milk spotting or frosting just around the rim of your coins. Happy Stackin eh!
Same here. I went to a LCS and got taken advantage of.
Aw man
Thanks for sharing Christian! Do you think it better to buy when the metal prices are high or when the premiums are high?
Neither! I'd say develop good relationships with coin shops and try to buy their low premium stuff that walks in the door.
So why are you selling at a loss? Do you need the money and there is no other way to get it?
I feel as though I could use the money better elsewhere - will elaborate in further videos!
Your priorities have simply changed. You’re shifting from a collector to a stacker mentality. If your goal is to attain as much silver for your money as possible then generic rounds and bars are definitely the way to go. However, it appears that you were also buying heavily in the last couple of years, when premiums on everything was high. Even now, generic rounds are fetching premiums as high as American Eagles were getting pre-pandemic. I think it’s important to remember that when you factor in inflation, silver is an extremely under priced commodity. Timing is everything. Buying last year was a poor time to purchase. Selling right now is a poor time to liquidate. The spot price will inevitably, (not to be confused with imminence), adjust accounting for inflation, and that will be the opportune time to sell.
That is a good point!
You have some beautiful silver.
Thank you!
I'm going to make my first silver purchase soon. I think constitutional coins maybe first purchase.
I recommend getting half dollars 1964 Kennedy and Franklin halves you can get in unc. condition for " junk" premiums.. and also some circulated walking liberty halves.. Check with an honest local coin shop.. usually the best place to buy.
I echo what Michael says!
@@Michael-Philip thanks for the advice.
When you buy it's important to look at it from a long term investment. If you are looking with the intent of making money then buy as a dealer and flip it. Keep what you can afford or buy what you can afford as a collector. Dealers will take advantage of you with premiums. You could have done worse. Seeing you already know, just improve on your methods and don't get desperate on gains. Your character is your wealth.
That is very fair.
I think buy silver and gold as close to spot because when you sell, that's what they give you.
How Can I Sell my Old Dollar To you?
I bought a lot of beautiful silver coins that cost more than $100 an ounce . I enjoy looking at them everyday to admire the amazement and beauty of them. I also purchased some silver bars with very good deals. I bought many sets of Hamilton silver bars I think I can make a lot of money when it’s time for me to sell. Last week I paid $1000 for 38 US President 1oz silver with a beautiful box and $600 for 24 different states silver bars. They both designed in the year of 1975. I believe the people who sold them are the people who bought silver in 1975 for $5 an ounce. Now they sell them for $26 an ounce. They made $20 profit for one ounce. Yet they could enjoy the beauty of those bars for 50 years. I will not sell my beautiful coins till the silver price reach $300 maybe in 20 years . I don’t think there is a right or wrong way to stack silver. But rather there is a different way for different people to stack silver. I paid high price for my beautiful coins to support and encourage the artists who designed those magnificent coins.
You don't "stack Pandas". I spent four days at the last FUN show trying to explain this to buyer.
Why even sell though?
bullion is long term.
Exactly, why...?
It seems like your learning curve should include listening to your own advice. I never paid a crazy premium on Philla or Kruger’s Britannias or even Maples. I have stayed away from ASE because of the high premiums.
Agreed!
I'd be proud to own ur collection mybe not the best to stack with but they are good for collecting I keep the two separate so if emergency comes or what not I can cash in the some of what I stack I also have a paper bill collection I keep separated from the others also hopefully one day it will all come together and amount to something but for now it's fun and I still keep a savings of bouyin
I think the coins you bought are pretty cool. The collector side of me has started to buy one sovereign coin from each country that i can find, so that i have a variety of world coins. I will only buy one of each. The stacker side of me will only stack generics, bars, and some constitutional. I would like to stack government coins one day, but the premiums are too high right now. Of course i would love to stack eagles but not at the premium costs of today.
I'd don't think there's much silver bullion that is good for a quick turnaround.. Silver bullion is a long term investment.. Some of the collector pieces in my opinion are way over-priced.
Agreed!
Why are you keep calling coins rounds?
The only way to really make money is to not sell to a coin shop, sell it yourself ...and only buy silver rounds
Good point!
That macaque is a $50 coin, and the Ukraine silver is on fire lately, if you’re not making money selling those coins, you’re doing something wrong, check sold listings on eBay, price accordingly and don’t sell unless you make a profit, what’s the rush, don’t be so impatient.
I buy whatever is cheapest and whatever I like. I try and keep my numismatics to 30% of my stack. Im skewed a little over 30% now but its because I started buying my 3 daughters a numismatic ounce for holidays and birthdays instead of a bunch of crap they will break or grow out of. Trying to get them to start purchasing their own silver while the are young and have disposable income instead of wasting it all on crap like robux...
WHY ARE YOU SELLING???
I love the Ukrainian St. Michael coins since my family is from there. Good advice as always.
Very cool!
They are pretty . They’re is lots of hobbies where it’s 100% waste of money.
True!
If you pay $10 above spot for a $25 silver coin you got taken! I can buy silver 1% above spot and receive it in 2-3 wks.
Low premium Bars and rounds bro.. anything else and you're going to either make less or lose more.
I buy what’s beautiful to me. I also buy generics. I guess I’m in the same boat. Oh well.
Have them graded, it may meant to be for future generations to come and you like them when you bought them, totally ok!--- You define the moment or the moment defines you.
Interesting - though I'd caution on grading $30-$40 items. Makes more sense for $100+ non-bullion!
So basically in your stacking journey you should have just bought the cheapest available round at all times.
If you are stacking for value appreciation, yes! Along with 90% junk silver.
you dont lose till you sell
Did you get tall? You look like you're almost going to hit the ceiling.
I filmed at a standing desk!
Your just impatient. Silver is a slow slow play. We've all watched dedicated silver stackers live and die by their hunch on silver. How did the they benefit from it ? Other then it's pretty the silver didn't love them back
Fair!
@@TreasureTownCoins appreciate your hard work to share your experience with us. None of us are perfect investors if we were... there'd be a Warren around every corner (that's a creepy thought)
👍👍👍👍💪
You might get your money back on the Ookraine coin after Russia obliterates the place. It will be a sovereign coin from a country that no longer exists. It will be BlackRockistan or something.
stop buyin government mint stuff your more of a collector then a stacker i prefer bars and rounds
Doesn't matter what the cost as long as you like them it's still better in the long run than fiat...much rather look at that stack than a bunch of generic..but that's just me