Can this conclusion be applied to generic vs. junk silver - mercs, rosey, morgans, peace $.....or is that a different story? Great vlog one of the best you've ever done IMO !
I've been buying Britannias almost exclusively lately. When they are on sale (which seems to be very often) they are usually less than 1% more premium per oz. My last purchase for a relatively small order was $3.14 over spot per ounce.
True, I love Britannias! Still, unless they are on sale, or any other minted coin I stick with generic rounds. The same applies for gold, I stick to bars as the minted coins have serious premiums and good luck recouping that when selling.
My LCS has always told me that generic silver rounds were the best option and your spreadsheet is proof of what they say. I have a mix, but my bulk is generic for this specific reason. Thank-you for your excellent video and spreadsheet, sir!
One of the best videos on silver stacking ever! That’s why someone that has been stacking for decades mostly buy generic and don’t get attached to their precious metals.
Variety is king. The relative premiums for generic, premium, and junk changes over time. If you buy for value, and stack a variety, you can sell what makes the most sense at the time you sell.
If there's any finance collapse, silver is silver, oz per oz. In other words, the currency could be just oz of silver no matter if its eagles or rounds.
This is actually a good video "it gets to the point and it's visual" giving easy to see different scenarios , every time I watch the other people videos explaining the difference they drag it on and it does not make any sense to a new person learning about stacking.. buying generic versus premiums etc etc
I started gathering silver in about 1973. I sold most after the 1980 peak. At that time we didn't have silver eagles, but just generic rounds. Premiums were not so high over spot for physical. In 2004, I started accumulating again. I was interested in eagles, Morgans, and Peace dollars. In 2014, I changed my strategy to seek lowest premium over spot. Between 2014 and 2020, I could get rolls of silver quarters or dimes for 49 cents over spot with SD Bullion and a few other dealers. In 2017, I could get 40% Silver Kennedy's at Apmex for zero over spot, and I picked up a kaboodle of $10 rolls around $37 each. Now, in 2022, those 40% Kennedys are selling at about $3 over spot. Meanwhile, silver 10 oz bars are just over $2 over spot at places such as Monument Metals. Well, I still seek the lowest premium over spot. And one more benefit.... Canada's Turd-o regime may try to freeze a bank account, but they cannot see your phyzz stack and they cannot freeze your phyzz stack. You know the saying, lost in a boating accident. ( Humor ).
I am much younger than you in terms of age and silver buying . Only recently got introduced to silver. It’s extremely difficult to find exchanges selling at a good price . I started buying out of the complete deterioration of Canada . I am also trying to pull out all my funds out of the bank as well as my retirement funds. F the liberals abs NDP
In the early 2000's I bought at under spot on eBay...averaged $11 per oz....Sold about 18 months later at spot and above...Some some for $45 per oz and most at $17 per oz. Nobody was concerned about fake in those days but I suspected some because of the ring test...I still wonder if it was all .9999...(the stuff I sold at $45 per was scrap coin....I think someone thought there was numismatic value in them...there wasn't)
Just awesome. You are a gift to the community. My LCS has always told me... What are you stacking ..silver or pretty pictures on silver. When you need to sell, most places will give you spot. Especially if you NEED to sell
Fantastic video as always. One other thing to consider is that here in the uk the market is significantly larger for minted coins than rounds so that makes it easier to sell at a better price. After watching this I’m definitely going to invest in rounds though (only got bars and minted coins atm) thanks for the great content!
I normally choose the lowest priced 1 oz sovereign coins to guarantee purity. Plus I hear when SHTF, more people who are not experts in silver will have confidence in bartering with coins that are gov backed
That's exactly right. There's a very good chance that a lot silver coins will exchange in the black market and if most people are indeed ignorant about minted PMs, they will always go with the most marketable coins first. Once these PM start circulating as money remember how money functions. The best ones are where people have the most confidence in. This will be Gresham's Law in reverse: good money chasing out bad.
Like how any good weed dealer has a scale to prove weight, so too should a holder of silver have the appropriate apparatus to prove legitimate product not just for oneself but also in the event the silver will be sold/bartered to someone.
This is very eye-opening I am somebody that has stacked for 10 years and always went for the best eagles top premium items an old man used to come in every time I did at my local coin shop and he'd always buy rounds I guess he did his math thanks for sharing this
Great video. Sunshine Minting Rounds and Silver Britannias are the best deal going in my opinion. Good security and quality on both products for comparatively reasonable premiums
Great Information... I do recall watching your earlier video and it really opened my eyes. Ever since that original video, I have kept my eyes not only on the type of silver one is acquiring, but also the premiums, and specifically how much of it you can expect to get back when it has to be sold. I do like sovereign coins as I think they do provide a little more comfort in knowing that you have good genuine government issues and backed silver and gold. Frequently, if you shop all the well known online dealers, one can pick up a tube of silver Britannias for almost the same price, and often times cheaper than buffalo rounds. I have done this myself recently. I guess they were just low on buffalo stock, but had lots of britannia's to move. Thanks for the spreadsheet, I'll definitely use it. Also, based on the tax issues, I guess one should keep good records of what they are buying, when they are buying it, spot price and premium at the time of the purchase, dates, qty etc. Can you suggest a good application that's free or cheap that can keep that info all in one place? It would be nice if it would also keep current pricing to show real time profit or loss on each purchase. Thanks again for the videos.
Great video! I really like stacking constitutional silver regardless of how much sense it makes. Generic silver is great till you get a bad bar or round. That 96% bar was very interesting.
Good info, however it does not take into account after SHTF when it is barter time. Premium will be much easier to trade as they are trusted, versus rounds that could be junk.
excellent video, thank you, another element to stacking silver and gold is where you buy it, we have one major bullion retailer in my area with various smaller hobby/coin shops, i buy mostly online because i buy fractional, and there is always another $50 or so tacked on for shipping and other costs, when i look at our local bullion retailer these days, the only thing they have that i would buy are 1oz rounds, i have only been to two different hobby/coin shops and they seem more suited for collectors, not stackers
We always bought the Govt gold and Silver, but as the prices and premiums go waaay up, we tend to go with big bars, or knockoff generic rounds that look really professional. Monarch metals, SD bullion rounds, Engrlhardt, Valcambi, Geiger, Manhattan Mint or the other various American mints are great for bars and rounds...
Love this video. I like to keep my stack diverse so I have some of many different stack types but generic rounds are by far the way to go when we talk value in and value out.
As someone who only recently started buying silver, I was going for the generic stuff since it made sense to me that I could afford more of it if I was not also paying for the branding. I am glad to see the math checks out.
I watched your video a second time! And this is my second comment….the more I learn about this, the more I think I should stick to “junk” or Constitutional silver. Now…I’m considering selling all my Morgan’s and Peace dollars….just to buy some silver, and maybe some gold. A “collection is a collection, by any other name”! My late father was a big time collector….building a beautiful collection…..buying Morgan’s and Peace dollars by the rolls, as far back as the mid-1960s, amassing a nice collection. One day, when we were discussing (probably while sipping scotch!!). Noting how amazed I was, at the value, he said “It’s only worth what someone is willing to pay”. I recall, more than one of his rare coins was worth close to several hundred dollars, as in a rare silver dollar that he paid only $50.00++ for 30 years ago! But at the end of the day, is still just worth “spot”….except to a knowledgeable collector. I’m unsure what to do, how to proceed…except to proceed very very slowly! And my collection of silver crowns that I built up in high school….I know I’m sitting in the “cat bird’s seat”…worse places to be, I guess.
Excellent video as always! I honestly don’t stack American Silver Eagles just because the premiums are way too high. However I still prefer a sovereign nation’s silver coins over rounds because I feel it’s overall a more secure purchase. My overall thoughts are as long as people are enjoying stacking then that’s what’s important!
Yeah I stopped buying American Silver Eagles too early in my collecting start because it’s waaay overpriced. It has no more silver than other pure silver coins of the same purity.
As an american I just can't support that blatant US mint greed to me, silver/gold is silver/gold that being said I prefer the 4 9's fine stuff but won't pass up good deals regardless. If I can afford it, I'll buy it
Not to disagree, but to offer a ''beware'' notation. China has many counterfeit artists that are quite good at producing pot metal eagles and plate them with silver. Nowdays, they are also counterfeiting postage stamps as well. Facebook is fraught with ads for deeply discounted eagles, gold, and postage stamps. Imagine getting a silver eagle for ''just'' $19.95, or a half eagle gold for ''just'' $79.95, or a roll of postage stamps for ''just'' $39. All are fakes. And finally, a jeweler's scale is essential. There are those fools who have purchased fake gold or silver and are set on trying to pass it along as the real stuff.
I stack alot of silver maples and britannias lower premiums and both are beautiful coins sometimes my local buillon dealer will give me a deal on silver eagles and I'll pick up a few but other then that I would not buy them from an online dealer right now because of the high premiums
Excellent presentation. I have always compared one to one. I never thought about the increased ounces in the whole stack. Very enlightening. I have decided to make a healthy part of my stack junk silver. That give a government coin without all of the premium... and it will help in a shtf scenario. Other than that it's rounds and bars all the way. Also, $5000 is not a lot of money after a few years of stacking. Only 3 rounds per month. .
Hi. Just getting interested in this topic. Looks like I will be binge watching your channel. I really enjoyed this and appreciate the spreadsheet. It answered several issues I was concerned about. I appreciate you sharing it for no charge! I will definitely let the ads play through.
There is also the numismatic value which can be hard to quantify but it pays (literally) to keep the bullion coins in mint condition. Older Britannias seem to have quite strong prices over spot for this reason. The limited number of 2023 Britannias already struck with the Queens head "might" become quite collectable. (This also applies to Maples)
@@katiecoollady As a Brit I can tell you with absolute certainty the ones with Her Majesty will be favoured over His Majesty, today, tomorrow, and probably forever.
I disagree. My silver buyers don't care if my coins have been run over by a truck. I have yet to find one that that will pay me a premium for a mint coin or eagle or leaf over a banged up one. Buy junk silver for as low as you can.
I bought over a years time 2 monsters just to trade in the Parker Bros money. Now I will collect rounds and bars to augment ! Thanks for the enlightenment and spreadsheet ! I'll sub
This is an awesome video with the Excel spreadsheet downloadable. You're to be commended for your effort, professionalism and generosity. Thank you ... I buy bullion online. In the state I live in, bullion purchases are taxed at 6%, unless purchased in a volume of greater than $1K in sovereign coins only. Rounds and bars are always taxed at 6% to me, no matter the volume. ... I really like bars and the better quality, higher defintion rounds. Unfortunately, they're just not economical for me at + 6% each. ... Lowest premium sovereigns are always my best buy.
I just found this channel on other channels I’ve gotten coins sent to me. Just for my call on predicting price I saved a lot of people a whole bunch of money. Not too mention ideas for videos
Silver Seeker - you hit the ball outta da park on this. I stopped buying SAE's when the tube price hit over 500 USD, and changed my Silver stacking philosophy - switching to10 ounce bars and tubes of "brand" generics. The last couple of years, I only nibbled on Silver - a few coins here and there with my Gold orders. I took advantage of the APMEX Black Friday sales and bought bought tubes of their generic rounds and 10-ounce bars when they were at or under 25 per ounce. This works better for me than buying a little at a time. The last couple of years have been a nightmare for the average stacker - but if you play the dips and hit the sales - you can buy at pre-COVID prices. Eagles used to be fairly inexpensive pre- 2020, but they are no longer worth buying more than 1-2 for a collection. I switched my Gold and my Silver to British - just to keep from paying the ridiculous premiums. I'm glad you have posted this - people really need to wake up!
I think bc of what I’ve learned in this video I need to balance my collection and stack more between premium coins and rounds. I love to collect Eagles for just that reason, collectibility, but I’ve also always enjoyed knowing it is a hobby that will go up in value. This data proves if I want to stack some silver solely for the purpose of increasing value, I need to pick up more rounds! Thanks a lot for the lesson. New to this and it helps a lot.
I've watched you for a good while now, and I must say this is probably the best one of your videos I have seen. I was already preferring the silver rounds but it's nice to know it worked out better in your little experiment. Thanks for your great content.
It's true, new silver stackers will buy the sovereigns. I used to buy eagles, but the premium got too high, so I then decided to buy lower price sovereigns in philharmonics, and thought that was a great compromise. But I changed my mind on generics, and now I buy from sunshine minting in order to maximize my silver ownership.
Great video - at first I thought it was going to bash generic silver rounds which is all I stack. Very surprised! Sometimes I've felt 2nd or 3rd rate because I don't have the minted coins. Thanks, you earned my subscription.
THANK YOU, THANK YOU, THANK YOU! Finally someone speaks the truth. I've been buying and selling silver for 38 years. When i first started buying silver, I bought monster boxes of eagles and leafs. I looked at my stack and thought i was king of the world. Then when I wanted to put my 20% down on a house and had no other money, i went to sell. Uttt Ohhhh. I took a bath on the eagles and leafs and made out with the junk rounds and 90%. I now have a lot of money so don't have to sell anytime soon. I ONLY buy 90% and 40% junk and 100 ounce bars. BTW, 40% junk (these are half dollars from 1965 to 1969 are the absolute best buy. I buy them UNDER spot all day long from sellers). I caught a drop lost week for 100 OZ bars at a major online seller for $1.69 over spot. So I got many 100 OZ bars delivered for $22 per ounce (that's $2,200 per bar). Don't buy premium. Buy junk and big bars when price dips. You will win. Good video here!
Thanks for the informative video. I had bought some gold and silver from a major dealer. I then made the mistake of believing his BS about what a great investment deal some MS70 silver eagles were and how much they were going to go up in value. So I bought some. Several years later when I wanted to sell them I was offered little more than spot value.
I purchased silver back in 2012 and recently sold it because my income tax was so outrageous this year thanks to our feds allowing the pillage of the middle class. Overall, I lost a lot of money. The fees to buy sell are a joke. The snakes that enslave us also control the price of silver/gold. Right now silver should be at 50 but its value is artificially suppressed.
Very cool man. Thanks! I bought Silver Maples recently and it was good. I think that you've demonstrated that silver rounds are a better buy, now that I already have the Canadian Mint Maples as well.
We all always know this but this video did a great job. 184 generic silver vs 150 ASE would be a noticeable physical difference and monetary as well. The premiums on ASE are gross
Great video! Perfect explanation. I think this kind of goes to show that buying government rounds aren’t the best idea but there’s a few things we must consider. Government rounds are more recognized and may be more accepted meaning easier to sell. Where as generic rounds may be seen as easier to fake and not as widely accepted. There is also a collectibility factor that comes into play that also lessens the value you may get out of your coins. I think if you’re in it for investment only. Generic rounds are the way to go. But if you want to actually collect and also stack then a bit of both is nice.
Collector value only has value to the collector. Government rounds are the most faked and are getting harder and harder to spot..... get it? Spot? Silver can be tested. Doesn't matter if the silver is stamped in a govt round or a generic round, it all melts the same.
I agree, my first two rounds were an Eagle, and a Buffalo.I brought them home, admiring them both, and thought to myself, this is an investment, and the Eagle is nicer looking, but it costs more.since I am investing I chose the Buffalo, or generic because I want more silver, and as stated in the video, I would get more money back for the generic rounds, you all can keep your pretty birds, I am in this for profit, not the beauty of the round.
Another great resource. The extra silver does come with extra risk, I do like that I can tell if a Brittana is legit or not. I wouldn't be as confident that I'd spot a well made copy of an American Eagle, certainly not by just looking at it. The Security on those Brittana's is tight. I don't have any rounds but only because I believe I could have trouble moving them on if I had to whereas the Brittana's would be an easy sale. Just my opinion, I might be wrong.
Yeah the security features on the britannias are the best. I also think they can be sold anywhere. Shops in Japan buy and sell them no problem. Queen is very recognized everywhere. Rip
First time I’ve seen your channel and what a eye opening video. Most of my stacking is in generic rounds thankfully. I’m subscribed to your channel now. Keep up your good work.
this is all assuming that you're selling in a stable economy - i've bought eagles on the premise that after an economic collapse, most people are going to trust the eagles more than generic rounds. the implied trust in it being a sovereign coin means most will accept it without further testing, which few people will know how to do anyways. maybe i'm in the minority, but if someone were to come up to me and try to barter with generic rounds and someone else had eagles, i'd take the eagles every time...
I've come to similar conclusions, but the premiums on Silver Eagles are nasty (I'm a penurious Scot) so I go for second best with Sunshine Minting rounds (U.S. producer) with their security indicia on every round. Yes, you have to buy Sunshine's "Mint Mark" reader ($18) which reveals the word "VALID" in the indicia, but, should someone question the authenticity of the round, I'll show that 'validation' (also with a sunburst in the 90 degree orientation) with whomever I'm bartering. They'll be on their own when they pass the silver on to someone else (I'll not be parting with my 'decoder'), but at least they can tell the tale from whence comes their own confidence.
In an economic collapse. 99.9% of the people will have no clue what is what. I'd almost exclusively trade the cheap junk until you come across someone that actually knows the difference.
I think the barter movie level collapse is largely a farce. And there will always be some industry, there have been global supply chains and networks since extremely ancient times. More recently-ish they've come to realize how trade between South and North America was far more robust than once thought. The fact is that whatever the prevailing currency is, you'll be able to get to SOMEONE who knows. The reason is that if there is money to be had, someome will show up. Period. The world is never "that" crazy, and even when it is, some fool will be riding his wagon across the sketchy roads to make trades between the relevant parties and collect a commission. The real question will be if there is a government rollback or not. So when you read the concept that people in like 1900 would live on a dollar a week, that's about the value of a Silver Eagle. Given the lack of taxes, insurances, insulation, energy, monthly bills, and the living on food bare staples, it's a bit like renting someone's shed with no utilities and lighting a candle and starting a fire in a wood stove, and eating by using flour and barely making it week to week. That's not far off $20-30 silver. No car, no insurance, no utilities, no eating out, no phones etc. So the point is that the "dollar" face value on the Eagle is close-ish. And so, if the government ever had to go back to real money, a Silver Eagle MIGHT be the defacto real dollar. It is still technically legal tender of 1USD. And it is what 1USD should be worth if not for devaluation. In such an event the Eagle would be maximum superiority. However, if some form of freak events occur to where the government had no real weight, or didn't do this, and silver is Silver, it won't be worth more per se. Because if the trade network is acquiring Silver for melt, essentially, then, they aren't going to pay a premium. However, if there is no collapse and government coins maintain their premiums, then you can sell at a better rate. But even this is a bit of a gamble, as the premium on eagles today is at an all time high over spot. The question is if that will go up, or settle back down. I bought eagles at $21 spot a good while ago and I think the premium was that they cost like $24. These days you're paying what? 30-35$ for hype? That's a real debate there on if you're going to be able to maintain that valuation. If it settles to historic levels and you pay $35 for 21spot, then if the premium drops and spot goes to 27, you might still lose. With generics there is less questions there, you don't get paid the premium, but you also don't pay the premium.
This is why I stack both, the generic rounds and 10 Oz bars are what I would sell if silver jumps and makes it worth while to sell. I stack the sovereign coins to maintain more of the premium. Cost average plays into this as well. If one shops around, one can find sovereign coins at the same price as generic or less. That will really help maintain the premiums.
One time i bought 2 silver bars. one was a nicer one so i paid more for it. when i sold it i told the person this one is a nicer one but it didnt matter. I got the same price for both bars
This is an interesting video for sure and I am glad that I watched it. That said, however, I prefer ASEs and Maples for both gold and silver stacking. I love their look and look at my stack from time to time with enjoyment. I don't care for the rounds, even if they are cheaper. But most of my stack was created when Eagles were $2.50-$3.00 over spot and spot was $14-$15 an oz. But for those who have started stacking recently or are just starting now, this is a good video on how to get more ounces for the fiat they have. Good job on that. But this does make me wonder whether the rounds will be acceptable in any sort of barter situation. I have a good amount of US 90% silver pre-1965 coins that should be good for barter. They are recognizable and people will quickly learn of their silver content and value for trades. An ASE looks a great deal like a Walking Liberty half dollar, only larger and shinier, so should be easily recognized as well. I don't go in for collectibles much but did get 40 of the 2017 1st strike MS 70 Eagles as a long-term investment. If they become more valuable, that will be good. If not, well, they are still beautiful slabbed Eagles.
Great spread sheet. I think you were very generous on premium prices when selling. If you get those premiums selling I want to go to your coin shop and when I sell. Eagles get $2.00 here, and it goes down from there. I think regarding selling value, generic is more profitable.
The best video I’ve seen on this subject! Thank you so much for doing this. The thing that doesn’t show up on the spreadsheet that investors in other assets is the compounding effect. By putting in more money up front with the premium silver you’re already deeper in the hole. That immediately sets you behind in the race. The thing that would be interesting to see in the future is whether the dollar value of the premium goes up with inflation. For instance if you bought silver eagles when they were $4.50 an ounce the premium you’d get now is actually double what you paid. What if the premiums in the future are $20? It’s not implausible if silver is $50/oz.
You are correct. Premiums are linked to the spot value as a percentage. The higher the value of silver increases, then US mint will adjust the premium to suit. Also, they will tell their Authorized bullion dealers to do the same!!!
@@acesmooth8292 You hit the nail on the head. It’s like the game has been rigged for you not to win. I have made a decision to never sell my premium silver back to brokers like APMEX, Provident Metals, or SD Bullion. Because the system is designed for you to barely break even at best. It’s the same with commemoratives as well. The only way to get your money back or preserve a profit is to sell it back on a secondary market.
This seems to work now because the premiums on Eagles are insanely high. So I ran the spread sheet as if it was 3 years ago with more in balance premiums. ( I had some historical data to use.) Generic still worked better but only slightly. The difference ended up being less than $100 between rounds and Eagles. Moral of the story is: the selling delta between between buy/sell premiums are the key. Nice job in pointing this out. FYI, I ran it with 25 spot to a 35 sell value which is more in line with reality. If silver goes to 50, god only knows what the buy premiums are going to be.
@@na6977 The premiums on Eagles were always higher. But there were times when that could be a little as a $1.25 difference, while Eagles could sell for $3+ more.
Thank for the info. As I was just asking dealers about buying Buffalos or eagles. He said Buffalos were better and now I have a unbiased third party backing up that claim with some great data. Much appreciated.
I really appreciate this breakdown and am pleased the Britannia didn’t fair too poorly. Those have recently become my absolute favorite to acquire. They are just gorgeous
What about the liquidity factor. Wouldn't it be easier to cash in those eagles than the generics? And wouldn't that convenience make it worth the premium?
Great video, I was collecting Silver Eagles over the years. I started to get serious about obtaining more sliver to my collection and found Silver Rounds were the best value and have been stacking Buffalo's. I'm still going to buy one or two Silver Eagles but not at the rate I did in the past. Thanks for putting in the work to show the difference!!
Australian Silver appears to be good value with low premium over spot. You can buy from the Perth Mint, and is ( though low denomination) legal tender in Australia.
Me too, allthough haven't bought constitutional in a few years since premiums went nuts. Haven't bought any silver lately due high prices. Put money in stocks , lol. Yeah I'm the guy that broke the stock market.
@@timothylongmore7325 I only buy a few hundred dollars worth every couple of months, or so. I find that buying about $10- face value is a little cheaper per "unit" than buying the $1-face or $5- face bags.
@@jackbartlett5460 I do like constitutional. Especially the early stuff ( 20 th century) Franklins , barbers and especially morgans and peace dollars. My wife found a 58 roosy in her coinstar rejects. I'd missed it going through them earlier. Bad eyes , bad light I guess. I pick out nickles and copper pennies.
Great video, and to emphasize the point; I've never had a dealer offer more than spot for anything. In fact dealers usually offer less than spot, regardless of high retail premiums across the board for physical metals.
@@SilverSeeker Thanks for the reply! Would you please name a dealer who pays well over the spot price for physical metals? I would sincerely like to meet them. I am a student of the industry, not an expert by any means. I have been told by a retail dealer that the dealer will never pay a customer more than what the wholesale buy price happens to be on any bullion. And there are only a very small number of wholesalers in the US. So, I guess if you're lucky enough to sell at a time when the wholesaler is offering a price above spot, then you're in luck. But, I've never been so lucky. I would love to see an episode about the wholesale side of the business on Silver Seeker. That aspect of the bullion industry seems esoteric. I'd be very interested in a deep dive of their pricing and business practices. It appears wholesalers have a lot of influence on the price of bullion, and I think savvy consumers would do well to be informed.
@@e-vd There are plenty... here's one in St. Louis that posts their buy/sell sheet on their website, it updates automatically with spot and if you look they pay over spot for quite a few things on the sheet. www.scoins.com/pricelist/tradingsheet.aspx
That’s was a great example and a clear example for everyone to see from a no frills point of view. Took all of the emotional collecting out and went to bare numbers which is why most people stack in the first place. Awesome work man.
Awesome video as always!! I believe that each person should stack what they like and enjoy but more importantly stack what you can afford. I am a firm believer that you need to do what makes you happy and not worry what others are doing. Each to his/her/their own.
100% which is why at the beginning of the video I was very clear I'm not talking about collectible Silver Coins that I love to add to my collection. :)
This was an awesome video. Well done and thank you for doing a simple excel spread sheet for this. I always look for deals on silver, but tend to buy mainly minted coins vs. rounds. This may have just changed my mind to get more rounds. I usually get generic 10oz bars and my one splurge item is the scottsdale 10oz stackers where I pay more in premium. Next silver buy I'm going to get rounds, especially since silver is going to go up in price from here.
I like how you generate videos with the community in mind. I prefer sovereign but not eagles anymore. I'm more partial to 10 oz bars than 1 oz rounds or sovereign. Informative, well done, thank you.
I live in Canada. Canada has tax rebates regarding your silver aswell. If you sell 99.9 or purer coins, you don't have to pay capital gains if you make less than $1000
I bought 90% silver coins 25 years ago 25 lb bags. With those prices I’m almost tempted to go up into my attic and carry the bags down 13 of them. My intention was to have relatives discover them when cleaning out my house. I wrote on the bags “you can’t take it with you” I melted some of it and cast bullets, silver coins don’t make good bullets too light but pretty.
Great video. I have heard from some coin shops that it will not matter what it is 1 oz is 1 oz and spot only once it gets to $50 or $100. I am for more silver at the least cost.
Ten Commandments for Buying Gold and Silver: I. Always take delivery. II. Never buy premium if you can avoid it. III. Buy bullion for business, numismatics for fun. IV. Buy silver first, then gold. V. Buy small gold first, then large. VI. Never buy exotic coins or modern rarities or anything you don't understand. VII. Know your dealer. VIII. What governments can't find, they can't steal. IX. Never swap bullion coins for U.S. $20 gold pieces. X. Never break the law.
Never break the law? So if critical thinking is made unlawful? Most "laws" are immoral, and I refuse to comply with immoral laws. "NO VICTIM, NO CRIME" and "LIBERTY" is the foundation of our Constitutional Republic.
The problem with rare coin collecting for me is in a drastic down turn, a depression or a catastrophic failure of society etc. People won’t care how rare or collectible a silver or gold coin is. The value of the metal will be what’s important. So I just stack easily recognizable silver bullion or rounds. I don’t go with bars though due to its hard to recognize fake bars from legit. And large bars would be harder to use as currency in a catastrophe, coins will be easier to spend. Great video by the way I agree with you 100%.
you are right on track i've been buying morgans peace dollars and mercury dimes for 50 years,i don't own any new money,weight is all that matters,and hiding it in more than one place,gold and silver will not melt in a house fire,that's another plus,valuables have always been a pain in the ass storing them ,never banks,they change the names on banks more often ,and you are the last to know
I agree but only downside is if you need to buy something through the system, and say silver has gone up in price then you will have to pay capital gains tax on that silver unless it's one of the big named coins like the Brittanias which are capital gains tax free. Keep those to cash up when going thru the matrix and use the others for all other trade when the time comes
Great info here, exactly the type of stuff I like to see. I create similar spreadsheets also. Only way to make informed decisions is to see the DATA. Thanks
Thanks again Seeker! You really go the extra mile and do all the leg work and hard thinking for us! Haha. What a huge difference in possible profit margins once you start talking any type of significant volume. Sometimes even knowing the generic is a better deal it's hard to buy it over the premium stuff especially when it's just a few rounds/coins at a time. Clearly it's always better to think of the stack as a whole not just the individual purchase. Thanks for sharing with us!
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That's impressive
Can this conclusion be applied to generic vs. junk silver - mercs, rosey, morgans, peace $.....or is that a different story? Great vlog one of the best you've ever done IMO !
This is the kind of research, data compiling and quality presentation that makes this one of the best silver channels on UA-cam.
No joke
Completely agree
What's not mentioned is when you sell you'll get less for generic rounds than for the eagles. You either lose up front or you lose later.
@SellsWithDips Says the person with no videos. 🤷♂️
@@Zman82 Didn't got see his final example? He addressed that very question.
As someone who can't wrap their head around numbers , that was brilliantly demonstrated . A big thank you! Just subscribed!
I've been buying Britannias almost exclusively lately. When they are on sale (which seems to be very often) they are usually less than 1% more premium per oz. My last purchase for a relatively small order was $3.14 over spot per ounce.
True, I love Britannias! Still, unless they are on sale, or any other minted coin I stick with generic rounds. The same applies for gold, I stick to bars as the minted coins have serious premiums and good luck recouping that when selling.
@@ShadyD365 I stick with Monument Metals and SD Bullion, will go APMEX or JM Bullion if I'm going specialties, or specific coins.
That’s way more than 1%!!! More like 10% today
My LCS has always told me that generic silver rounds were the best option and your spreadsheet is proof of what they say. I have a mix, but my bulk is generic for this specific reason. Thank-you for your excellent video and spreadsheet, sir!
I always liked the Buffalo but have a lot of maples
Yep, I started buying bars for this very reason
@@dr.vonslifeinvesting6485 how can I know if the generic are counterfeit? from one dealer shop take to another to have them checked maybe?
@@na6977 there’s a tester you can get
Not if you live in Australia. Cheaper to buy numismatic directly from the mint.
Thanks for explaining this in a simple way! I was actually very confused on this subject matter and this clears a lot up for me. Fantastic content!
Don't listen to this guy, incorporate taxes into the equation
One of the best videos on silver stacking ever! That’s why someone that has been stacking for decades mostly buy generic and don’t get attached to their precious metals.
Exactly, plus you get more silver for the money. Now if maples or Brits are the same price as rounds, then I buy those.
Watching your videos for the last 2yrs ! Most definitely the best education that I could've ever ask for! I'm almost up to 100ozs now 👌
Variety is king. The relative premiums for generic, premium, and junk changes over time. If you buy for value, and stack a variety, you can sell what makes the most sense at the time you sell.
If there's any finance collapse, silver is silver, oz per oz. In other words, the currency could be just oz of silver no matter if its eagles or rounds.
Diversifying your portfolio
This is actually a good video "it gets to the point and it's visual" giving easy to see different scenarios , every time I watch the other people videos explaining the difference they drag it on and it does not make any sense to a new person learning about stacking.. buying generic versus premiums etc etc
I have been stacking for over 35 years and most have been rounds for the value. Love the download Excel spread sheet ! thanks.
The spreadsheet alone deserves a follow. You are brilliant man! Thank you!
Thank you Seeker. Honestly, that made Britannia’s more appealing to me when you add in their extra security
Totally agree!! Stacking as much pure Silver as I can. Things like Silver Eagles are neat, but don't care to own more than a few just for fun!
I started gathering silver in about 1973. I sold most after the 1980 peak. At that time we didn't have silver eagles, but just generic rounds. Premiums were not so high over spot for physical. In 2004, I started accumulating again. I was interested in eagles, Morgans, and Peace dollars. In 2014, I changed my strategy to seek lowest premium over spot. Between 2014 and 2020, I could get rolls of silver quarters or dimes for 49 cents over spot with SD Bullion and a few other dealers. In 2017, I could get 40% Silver Kennedy's at Apmex for zero over spot, and I picked up a kaboodle of $10 rolls around $37 each. Now, in 2022, those 40% Kennedys are selling at about $3 over spot. Meanwhile, silver 10 oz bars are just over $2 over spot at places such as Monument Metals. Well, I still seek the lowest premium over spot. And one more benefit.... Canada's Turd-o regime may try to freeze a bank account, but they cannot see your phyzz stack and they cannot freeze your phyzz stack. You know the saying, lost in a boating accident. ( Humor ).
I am much younger than you in terms of age and silver buying . Only recently got introduced to silver. It’s extremely difficult to find exchanges selling at a good price . I started buying out of the complete deterioration of Canada . I am also trying to pull out all my funds out of the bank as well as my retirement funds. F the liberals abs NDP
NOBODY know how the silver demand will shake out AFTER the great reset.....therefore stack 50% generic and 50% Minted Silver Coinage
In the early 2000's I bought at under spot on eBay...averaged $11 per oz....Sold about 18 months later at spot and above...Some some for $45 per oz and most at $17 per oz. Nobody was concerned about fake in those days but I suspected some because of the ring test...I still wonder if it was all .9999...(the stuff I sold at $45 per was scrap coin....I think someone thought there was numismatic value in them...there wasn't)
Also, some scandalous and unscrupulous folks might not report the profit from metal sales on their taxes. The nerve of those scoundrels!
@@BrockOBauma As greta, the actor fencing the climate change baloney, ''how dare you ! ". ( humor ).
Just awesome. You are a gift to the community. My LCS has always told me... What are you stacking ..silver or pretty pictures on silver. When you need to sell, most places will give you spot. Especially if you NEED to sell
Can you add a constitutional/junk section to that calculator? Maybe face value?
Yea I can update the sheet when I have some time. :)
@@SilverSeeker Thank you looking forward to that :)
Turn it into an app for 99 cents or a free app with in-app purchase upgrades
Custom grow legend.
CustomGrow420 is a silver stacker, no wayyyy!
Fantastic video as always. One other thing to consider is that here in the uk the market is significantly larger for minted coins than rounds so that makes it easier to sell at a better price. After watching this I’m definitely going to invest in rounds though (only got bars and minted coins atm) thanks for the great content!
Depending on the state when selling, tax reporting can come into play if its a generic round vs a ASE or Britannia.
Really? You must love bearing ur soul to the government.
NOBODY know how the silver demand will shake out AFTER the great reset.....therefore stack 50% generic and 50% Minted Silver Coinage
All my gold and silver was lost in a boating accident. How could of I sold it?
Bahahaha, not in Texas , no tax on silver, buy in person with cash, and the taxman Can Suck A D.
I sold it for $1 an oz. I'm a terrible negotiator.
Got my first rounds this last weekend. The store owner guided me towards generic rounds. Glad he did
I normally choose the lowest priced 1 oz sovereign coins to guarantee purity. Plus I hear when SHTF, more people who are not experts in silver will have confidence in bartering with coins that are gov backed
That's exactly right. There's a very good chance that a lot silver coins will exchange in the black market and if most people are indeed ignorant about minted PMs, they will always go with the most marketable coins first. Once these PM start circulating as money remember how money functions. The best ones are where people have the most confidence in. This will be Gresham's Law in reverse: good money chasing out bad.
Like how any good weed dealer has a scale to prove weight, so too should a holder of silver have the appropriate apparatus to prove legitimate product not just for oneself but also in the event the silver will be sold/bartered to someone.
Excellent information and presentation. Thanks for sharing the spreadsheet!
This is very eye-opening I am somebody that has stacked for 10 years and always went for the best eagles top premium items an old man used to come in every time I did at my local coin shop and he'd always buy rounds I guess he did his math thanks for sharing this
Went on your website and downloaded your spreadsheet-
THANK YOU!
Subscribed. Liked. Commented.
Great video. Sunshine Minting Rounds and Silver Britannias are the best deal going in my opinion. Good security and quality on both products for comparatively reasonable premiums
Great Information... I do recall watching your earlier video and it really opened my eyes. Ever since that original video, I have kept my eyes not only on the type of silver one is acquiring, but also the premiums, and specifically how much of it you can expect to get back when it has to be sold. I do like sovereign coins as I think they do provide a little more comfort in knowing that you have good genuine government issues and backed silver and gold. Frequently, if you shop all the well known online dealers, one can pick up a tube of silver Britannias for almost the same price, and often times cheaper than buffalo rounds. I have done this myself recently. I guess they were just low on buffalo stock, but had lots of britannia's to move. Thanks for the spreadsheet, I'll definitely use it. Also, based on the tax issues, I guess one should keep good records of what they are buying, when they are buying it, spot price and premium at the time of the purchase, dates, qty etc. Can you suggest a good application that's free or cheap that can keep that info all in one place? It would be nice if it would also keep current pricing to show real time profit or loss on each purchase. Thanks again for the videos.
Great video! I really like stacking constitutional silver regardless of how much sense it makes.
Generic silver is great till you get a bad bar or round. That 96% bar was very interesting.
That blew my mind! As a new stacker, this confirms my beliefs of stacking as much as I can, for as little as I can.
Good info, however it does not take into account after SHTF when it is barter time. Premium will be much easier to trade as they are trusted, versus rounds that could be junk.
Wrong, Even a silver Eagle could be fake as well.
TY for this - this was awesome. I downloaded the spreadsheet. Love the work here. Great video and excellent demeanor.
You have earned my subscription sir, this is the kind of content needed to truly help people, 👏👏👏
excellent video, thank you, another element to stacking silver and gold is where you buy it, we have one major bullion retailer in my area with various smaller hobby/coin shops, i buy mostly online because i buy fractional, and there is always another $50 or so tacked on for shipping and other costs, when i look at our local bullion retailer these days, the only thing they have that i would buy are 1oz rounds, i have only been to two different hobby/coin shops and they seem more suited for collectors, not stackers
We always bought the Govt gold and Silver, but as the prices and premiums go waaay up, we tend to go with big bars, or knockoff generic rounds that look really professional. Monarch metals, SD bullion rounds, Engrlhardt, Valcambi, Geiger, Manhattan Mint or the other various American mints are great for bars and rounds...
Caroline, Thanks for your information I recently came across the Monarch metals, do you own the bar for the coin?
Thank you so much. You absolutely answered my questions about generic rounds. You do an excellent job in explaining the differences.
Love this video. I like to keep my stack diverse so I have some of many different stack types but generic rounds are by far the way to go when we talk value in and value out.
I have been stacking for 30+ years you have A new fan Good Job Silver Seeker Thank You !
As someone who only recently started buying silver, I was going for the generic stuff since it made sense to me that I could afford more of it if I was not also paying for the branding. I am glad to see the math checks out.
I watched your video a second time! And this is my second comment….the more I learn about this, the more I think I should stick to “junk” or Constitutional silver. Now…I’m considering selling all my Morgan’s and Peace dollars….just to buy some silver, and maybe some gold. A “collection is a collection, by any other name”! My late father was a big time collector….building a beautiful collection…..buying Morgan’s and Peace dollars by the rolls, as far back as the mid-1960s, amassing a nice collection. One day, when we were discussing (probably while sipping scotch!!). Noting how amazed I was, at the value, he said “It’s only worth what someone is willing to pay”. I recall, more than one of his rare coins was worth close to several hundred dollars, as in a rare silver dollar that he paid only $50.00++ for 30 years ago! But at the end of the day, is still just worth “spot”….except to a knowledgeable collector. I’m unsure what to do, how to proceed…except to proceed very very slowly! And my collection of silver crowns that I built up in high school….I know I’m sitting in the “cat bird’s seat”…worse places to be, I guess.
Excellent video as always! I honestly don’t stack American Silver Eagles just because the premiums are way too high. However I still prefer a sovereign nation’s silver coins over rounds because I feel it’s overall a more secure purchase. My overall thoughts are as long as people are enjoying stacking then that’s what’s important!
Yeah I stopped buying American Silver Eagles too early in my collecting start because it’s waaay overpriced. It has no more silver than other pure silver coins of the same purity.
As an american I just can't support that blatant US mint greed to me, silver/gold is silver/gold that being said I prefer the 4 9's fine stuff but won't pass up good deals regardless. If I can afford it, I'll buy it
My one exception may be the occasional 2021 type 1, for limited mintage ressons alone, same regarding libertads, but me no stack either lol
Not to disagree, but to offer a ''beware'' notation. China has many counterfeit artists that are quite good at producing pot metal eagles and plate them with silver. Nowdays, they are also counterfeiting postage stamps as well. Facebook is fraught with ads for deeply discounted eagles, gold, and postage stamps. Imagine getting a silver eagle for ''just'' $19.95, or a half eagle gold for ''just'' $79.95, or a roll of postage stamps for ''just'' $39. All are fakes. And finally, a jeweler's scale is essential. There are those fools who have purchased fake gold or silver and are set on trying to pass it along as the real stuff.
I stack alot of silver maples and britannias lower premiums and both are beautiful coins sometimes my local buillon dealer will give me a deal on silver eagles and I'll pick up a few but other then that I would not buy them from an online dealer right now because of the high premiums
Loving your videos, I’m going back and enjoying even your older videos
Excellent presentation. I have always compared one to one. I never thought about the increased ounces in the whole stack. Very enlightening. I have decided to make a healthy part of my stack junk silver. That give a government coin without all of the premium... and it will help in a shtf scenario. Other than that it's rounds and bars all the way. Also, $5000 is not a lot of money after a few years of stacking. Only 3 rounds per month.
.
Hi. Just getting interested in this topic. Looks like I will be binge watching your channel. I really enjoyed this and appreciate the spreadsheet. It answered several issues I was concerned about. I appreciate you sharing it for no charge! I will definitely let the ads play through.
There is also the numismatic value which can be hard to quantify but it pays (literally) to keep the bullion coins in mint condition. Older Britannias seem to have quite strong prices over spot for this reason. The limited number of 2023 Britannias already struck with the Queens head "might" become quite collectable. (This also applies to Maples)
I think people will prefer the queen to the king...
This, this is why I said as long as you are buying new and you keep the coins in mint condition, you are good to go.
@@katiecoollady As a Brit I can tell you with absolute certainty the ones with Her Majesty will be favoured over His Majesty, today, tomorrow, and probably forever.
@@katiecoollady. King who ? Ha.Ha.Ha
I disagree. My silver buyers don't care if my coins have been run over by a truck. I have yet to find one that that will pay me a premium for a mint coin or eagle or leaf over a banged up one. Buy junk silver for as low as you can.
I bought over a years time 2 monsters just to trade in the Parker Bros money. Now I will collect rounds and bars to augment ! Thanks for the enlightenment and spreadsheet ! I'll sub
This is an awesome video with the Excel spreadsheet downloadable. You're to be commended for your effort, professionalism and generosity. Thank you ... I buy bullion online. In the state I live in, bullion purchases are taxed at 6%, unless purchased in a volume of greater than $1K in sovereign coins only. Rounds and bars are always taxed at 6% to me, no matter the volume. ... I really like bars and the better quality, higher defintion rounds. Unfortunately, they're just not economical for me at + 6% each. ... Lowest premium sovereigns are always my best buy.
is this an ad?
@@na6977 ... Just the straight skinny
I just found this channel on other channels I’ve gotten coins sent to me. Just for my call on predicting price I saved a lot of people a whole bunch of money. Not too mention ideas for videos
Silver Seeker - you hit the ball outta da park on this. I stopped buying SAE's when the tube price hit over 500 USD, and changed my Silver stacking philosophy - switching to10 ounce bars and tubes of "brand" generics. The last couple of years, I only nibbled on Silver - a few coins here and there with my Gold orders. I took advantage of the APMEX Black Friday sales and bought bought tubes of their generic rounds and 10-ounce bars when they were at or under 25 per ounce. This works better for me than buying a little at a time. The last couple of years have been a nightmare for the average stacker - but if you play the dips and hit the sales - you can buy at pre-COVID prices. Eagles used to be fairly inexpensive pre- 2020, but they are no longer worth buying more than 1-2 for a collection. I switched my Gold and my Silver to British - just to keep from paying the ridiculous premiums. I'm glad you have posted this - people really need to wake up!
Sterling coinage and medallions as well as cutlery can give you even better bang for your back as they can be still found below spot.
I think bc of what I’ve learned in this video I need to balance my collection and stack more between premium coins and rounds. I love to collect Eagles for just that reason, collectibility, but I’ve also always enjoyed knowing it is a hobby that will go up in value. This data proves if I want to stack some silver solely for the purpose of increasing value, I need to pick up more rounds! Thanks a lot for the lesson. New to this and it helps a lot.
I've watched you for a good while now, and I must say this is probably the best one of your videos I have seen. I was already preferring the silver rounds but it's nice to know it worked out better in your little experiment. Thanks for your great content.
It's true, new silver stackers will buy the sovereigns. I used to buy eagles, but the premium got too high, so I then decided to buy lower price sovereigns in philharmonics, and thought that was a great compromise. But I changed my mind on generics, and now I buy from sunshine minting in order to maximize my silver ownership.
Great video - at first I thought it was going to bash generic silver rounds which is all I stack. Very surprised! Sometimes I've felt 2nd or 3rd rate because I don't have the minted coins.
Thanks, you earned my subscription.
THANK YOU, THANK YOU, THANK YOU! Finally someone speaks the truth. I've been buying and selling silver for 38 years. When i first started buying silver, I bought monster boxes of eagles and leafs. I looked at my stack and thought i was king of the world. Then when I wanted to put my 20% down on a house and had no other money, i went to sell. Uttt Ohhhh. I took a bath on the eagles and leafs and made out with the junk rounds and 90%. I now have a lot of money so don't have to sell anytime soon. I ONLY buy 90% and 40% junk and 100 ounce bars. BTW, 40% junk (these are half dollars from 1965 to 1969 are the absolute best buy. I buy them UNDER spot all day long from sellers). I caught a drop lost week for 100 OZ bars at a major online seller for $1.69 over spot. So I got many 100 OZ bars delivered for $22 per ounce (that's $2,200 per bar). Don't buy premium. Buy junk and big bars when price dips. You will win. Good video here!
Thanks for the informative video. I had bought some gold and silver from a major dealer. I then made the mistake of believing his BS about what a great investment deal some MS70 silver eagles were and how much they were going to go up in value. So I bought some. Several years later when I wanted to sell them I was offered little more than spot value.
Seeker thank you for proving my method of stacking for best return! Generic Rounds and bars is what I stack!
just looking at getting into stacking, your videos are really good
I purchased silver back in 2012 and recently sold it because my income tax was so outrageous this year thanks to our feds allowing the pillage of the middle class. Overall, I lost a lot of money. The fees to buy sell are a joke. The snakes that enslave us also control the price of silver/gold. Right now silver should be at 50 but its value is artificially suppressed.
You are 100% correct
2012...So you bough one year after the peak. Roughly in the 30s then? high 20s?
That's a rough one.
@@snickle1980 silver was supposed to go up to 50 so “experts” said.
Bummer you had to sell... when it skyrockets you will want to eat a bullet lol
@@morpheus587 How is that sky rocketing going?
Very cool man. Thanks! I bought Silver Maples recently and it was good. I think that you've demonstrated that silver rounds are a better buy, now that I already have the Canadian Mint Maples as well.
We all always know this but this video did a great job. 184 generic silver vs 150 ASE would be a noticeable physical difference and monetary as well. The premiums on ASE are gross
Awesome video. I have been banging my head against the wall over this topic thanks for the help
Great video! Perfect explanation. I think this kind of goes to show that buying government rounds aren’t the best idea but there’s a few things we must consider. Government rounds are more recognized and may be more accepted meaning easier to sell. Where as generic rounds may be seen as easier to fake and not as widely accepted. There is also a collectibility factor that comes into play that also lessens the value you may get out of your coins. I think if you’re in it for investment only. Generic rounds are the way to go. But if you want to actually collect and also stack then a bit of both is nice.
Collector value only has value to the collector. Government rounds are the most faked and are getting harder and harder to spot..... get it? Spot? Silver can be tested. Doesn't matter if the silver is stamped in a govt round or a generic round, it all melts the same.
I agree, my first two rounds were an Eagle, and a Buffalo.I brought them home, admiring them both, and thought to myself, this is an investment, and the Eagle is nicer looking, but it costs more.since I am investing I chose the Buffalo, or generic because I want more silver, and as stated in the video, I would get more money back for the generic rounds, you all can keep your pretty birds, I am in this for profit, not the beauty of the round.
@@helenbrooks4787 but what if they are counterfeit, generics are easier to be counterfeit I hear. This is assuming they are not.
I like your spread sheet approach. I would like you see you add constitutional / junk silver to such a comparison.
Another great resource.
The extra silver does come with extra risk, I do like that I can tell if a Brittana is legit or not. I wouldn't be as confident that I'd spot a well made copy of an American Eagle, certainly not by just looking at it.
The Security on those Brittana's is tight. I don't have any rounds but only because I believe I could have trouble moving them on if I had to whereas the Brittana's would be an easy sale. Just my opinion, I might be wrong.
I bought a ping tester, and found some fake rounds I bought a local coin shop.
@@silverlion5384 exactly! But the content maker will tell you how easy it is to spot a fake. It is not easy and it's devastating.
Yeah the security features on the britannias are the best. I also think they can be sold anywhere. Shops in Japan buy and sell them no problem. Queen is very recognized everywhere. Rip
First time I’ve seen your channel and what a eye opening video. Most of my stacking is in generic rounds thankfully. I’m subscribed to your channel now. Keep up your good work.
I'm new to this gold and silver world but am loving it so far. Does the same concept hold true for gold then (rounds vs. minted coins)?
Great explanation. I have never bought a coin for more then an extra 3 dollars per ounce over rounds...
this is all assuming that you're selling in a stable economy - i've bought eagles on the premise that after an economic collapse, most people are going to trust the eagles more than generic rounds. the implied trust in it being a sovereign coin means most will accept it without further testing, which few people will know how to do anyways. maybe i'm in the minority, but if someone were to come up to me and try to barter with generic rounds and someone else had eagles, i'd take the eagles every time...
I've come to similar conclusions, but the premiums on Silver Eagles are nasty (I'm a penurious Scot) so I go for second best with Sunshine Minting rounds (U.S. producer) with their security indicia on every round. Yes, you have to buy Sunshine's "Mint Mark" reader ($18) which reveals the word "VALID" in the indicia, but, should someone question the authenticity of the round, I'll show that 'validation' (also with a sunburst in the 90 degree orientation) with whomever I'm bartering. They'll be on their own when they pass the silver on to someone else (I'll not be parting with my 'decoder'), but at least they can tell the tale from whence comes their own confidence.
My line of thinking exactly
In an economic collapse. 99.9% of the people will have no clue what is what. I'd almost exclusively trade the cheap junk until you come across someone that actually knows the difference.
I think the barter movie level collapse is largely a farce. And there will always be some industry, there have been global supply chains and networks since extremely ancient times.
More recently-ish they've come to realize how trade between South and North America was far more robust than once thought.
The fact is that whatever the prevailing currency is, you'll be able to get to SOMEONE who knows. The reason is that if there is money to be had, someome will show up. Period.
The world is never "that" crazy, and even when it is, some fool will be riding his wagon across the sketchy roads to make trades between the relevant parties and collect a commission.
The real question will be if there is a government rollback or not. So when you read the concept that people in like 1900 would live on a dollar a week, that's about the value of a Silver Eagle. Given the lack of taxes, insurances, insulation, energy, monthly bills, and the living on food bare staples, it's a bit like renting someone's shed with no utilities and lighting a candle and starting a fire in a wood stove, and eating by using flour and barely making it week to week. That's not far off $20-30 silver. No car, no insurance, no utilities, no eating out, no phones etc.
So the point is that the "dollar" face value on the Eagle is close-ish. And so, if the government ever had to go back to real money, a Silver Eagle MIGHT be the defacto real dollar. It is still technically legal tender of 1USD. And it is what 1USD should be worth if not for devaluation.
In such an event the Eagle would be maximum superiority.
However, if some form of freak events occur to where the government had no real weight, or didn't do this, and silver is Silver, it won't be worth more per se. Because if the trade network is acquiring Silver for melt, essentially, then, they aren't going to pay a premium.
However, if there is no collapse and government coins maintain their premiums, then you can sell at a better rate. But even this is a bit of a gamble, as the premium on eagles today is at an all time high over spot. The question is if that will go up, or settle back down. I bought eagles at $21 spot a good while ago and I think the premium was that they cost like $24. These days you're paying what? 30-35$ for hype? That's a real debate there on if you're going to be able to maintain that valuation. If it settles to historic levels and you pay $35 for 21spot, then if the premium drops and spot goes to 27, you might still lose.
With generics there is less questions there, you don't get paid the premium, but you also don't pay the premium.
In a true collapse, no one will care about premiums, silver is silver
Excellent! Proof I've been right all along. THank you so much for this confirmation.
This is why I stack both, the generic rounds and 10 Oz bars are what I would sell if silver jumps and makes it worth while to sell. I stack the sovereign coins to maintain more of the premium.
Cost average plays into this as well.
If one shops around, one can find sovereign coins at the same price as generic or less. That will really help maintain the premiums.
where can i look
@@twotex4235 check out online dealers. They will typically run sales
@@westtexasprepper thanks
@@westtexasprepper i just checked AMPEX and i can get buffalo 1oz coins for 30 bucks. i think im going to buy online, instead.
One time i bought 2 silver bars. one was a nicer one so i paid more for it. when i sold it i told the person this one is a nicer one but it didnt matter. I got the same price for both bars
This is an interesting video for sure and I am glad that I watched it. That said, however, I prefer ASEs and Maples for both gold and silver stacking.
I love their look and look at my stack from time to time with enjoyment. I don't care for the rounds, even if they are cheaper. But most of my stack
was created when Eagles were $2.50-$3.00 over spot and spot was $14-$15 an oz. But for those who have started stacking recently or are just
starting now, this is a good video on how to get more ounces for the fiat they have. Good job on that. But this does make me wonder whether the
rounds will be acceptable in any sort of barter situation. I have a good amount of US 90% silver pre-1965 coins that should be good for barter.
They are recognizable and people will quickly learn of their silver content and value for trades. An ASE looks a great deal like a Walking Liberty
half dollar, only larger and shinier, so should be easily recognized as well. I don't go in for collectibles much but did get 40 of the 2017 1st strike
MS 70 Eagles as a long-term investment. If they become more valuable, that will be good. If not, well, they are still beautiful slabbed Eagles.
Great spread sheet. I think you were very generous on premium prices when selling. If you get those premiums selling I want to go to your coin shop and when I sell. Eagles get $2.00 here, and it goes down from there. I think regarding selling value, generic is more profitable.
The best video I’ve seen on this subject! Thank you so much for doing this. The thing that doesn’t show up on the spreadsheet that investors in other assets is the compounding effect. By putting in more money up front with the premium silver you’re already deeper in the hole. That immediately sets you behind in the race. The thing that would be interesting to see in the future is whether the dollar value of the premium goes up with inflation. For instance if you bought silver eagles when they were $4.50 an ounce the premium you’d get now is actually double what you paid. What if the premiums in the future are $20? It’s not implausible if silver is $50/oz.
You are correct. Premiums are linked to the spot value as a percentage. The higher the value of silver increases, then US mint will adjust the premium to suit. Also, they will tell their Authorized bullion dealers to do the same!!!
@@acesmooth8292 You hit the nail on the head. It’s like the game has been rigged for you not to win. I have made a decision to never sell my premium silver back to brokers like APMEX, Provident Metals, or SD Bullion. Because the system is designed for you to barely break even at best. It’s the same with commemoratives as well. The only way to get your money back or preserve a profit is to sell it back on a secondary market.
This video is so good, I just watched it in full a second time. Excellent work, thank you for the knowledge
This seems to work now because the premiums on Eagles are insanely high. So I ran the spread sheet as if it was 3 years ago with more in balance premiums. ( I had some historical data to use.) Generic still worked better but only slightly. The difference ended up being less than $100 between rounds and Eagles. Moral of the story is: the selling delta between between buy/sell premiums are the key. Nice job in pointing this out. FYI, I ran it with 25 spot to a 35 sell value which is more in line with reality. If silver goes to 50, god only knows what the buy premiums are going to be.
yeah the premiums will rise along with spot, and supply would have to diminish in order for spot to go that high
so there is a time that the premium government backed were about the same as the generic?
@@na6977 The premiums on Eagles were always higher. But there were times when that could be a little as a $1.25 difference, while Eagles could sell for $3+ more.
Thank for the info. As I was just asking dealers about buying Buffalos or eagles. He said Buffalos were better and now I have a unbiased third party backing up that claim with some great data. Much appreciated.
I really appreciate this breakdown and am pleased the Britannia didn’t fair too poorly. Those have recently become my absolute favorite to acquire. They are just gorgeous
They’re half gorgeous half hideous lol
This is the most helpful thing I've seen on silver channels! And I'm subscribing, Thanks
I started with government rounds but have moved to generic. This convinces me even more.
What about the liquidity factor. Wouldn't it be easier to cash in those eagles than the generics? And wouldn't that convenience make it worth the premium?
Very interesting spreadsheet info ! Always thought this would be the case without researching. Thanks !
Great video, I was collecting Silver Eagles over the years. I started to get serious about obtaining more sliver to my collection and found Silver Rounds were the best value and have been stacking Buffalo's. I'm still going to buy one or two Silver Eagles but not at the rate I did in the past. Thanks for putting in the work to show the difference!!
Australian Silver appears to be good value with low premium over spot. You can buy from the Perth Mint, and is ( though low denomination) legal tender in Australia.
they have some great products
I buy 90% U.S. silver, and Silver Maples and Sunshine Mint rounds because of the security features.
Me too, allthough haven't bought constitutional in a few years since premiums went nuts. Haven't bought any silver lately due high prices. Put money in stocks , lol. Yeah I'm the guy that broke the stock market.
@@timothylongmore7325 I only buy a few hundred dollars worth every couple of months, or so. I find that buying about $10- face value is a little cheaper per "unit" than buying the $1-face or $5- face bags.
@@jackbartlett5460 I do like constitutional. Especially the early stuff ( 20 th century) Franklins , barbers and especially morgans and peace dollars. My wife found a 58 roosy in her coinstar rejects. I'd missed it going through them earlier. Bad eyes , bad light I guess. I pick out nickles and copper pennies.
Great video, and to emphasize the point; I've never had a dealer offer more than spot for anything. In fact dealers usually offer less than spot, regardless of high retail premiums across the board for physical metals.
Glad you liked it! For the record, there are plenty of dealers that pay well over spot, even today now that premiums are coming down.
@@SilverSeeker Thanks for the reply! Would you please name a dealer who pays well over the spot price for physical metals? I would sincerely like to meet them. I am a student of the industry, not an expert by any means. I have been told by a retail dealer that the dealer will never pay a customer more than what the wholesale buy price happens to be on any bullion. And there are only a very small number of wholesalers in the US. So, I guess if you're lucky enough to sell at a time when the wholesaler is offering a price above spot, then you're in luck. But, I've never been so lucky. I would love to see an episode about the wholesale side of the business on Silver Seeker. That aspect of the bullion industry seems esoteric. I'd be very interested in a deep dive of their pricing and business practices. It appears wholesalers have a lot of influence on the price of bullion, and I think savvy consumers would do well to be informed.
@@e-vd There are plenty... here's one in St. Louis that posts their buy/sell sheet on their website, it updates automatically with spot and if you look they pay over spot for quite a few things on the sheet.
www.scoins.com/pricelist/tradingsheet.aspx
@@SilverSeeker Thank you for the reference! 👍🏻
That’s was a great example and a clear example for everyone to see from a no frills point of view. Took all of the emotional collecting out and went to bare numbers which is why most people stack in the first place.
Awesome work man.
Great eye opener. Thanks for looking out. We all need to maximize our options.
Awesome video as always!! I believe that each person should stack what they like and enjoy but more importantly stack what you can afford. I am a firm believer that you need to do what makes you happy and not worry what others are doing. Each to his/her/their own.
100% which is why at the beginning of the video I was very clear I'm not talking about collectible Silver Coins that I love to add to my collection. :)
This is the info that makes me hit subscribe. Thank you so much for diving in and doing the research and putting in your time.
This was an awesome video. Well done and thank you for doing a simple excel spread sheet for this.
I always look for deals on silver, but tend to buy mainly minted coins vs. rounds. This may have just changed my mind to get more rounds. I usually get generic 10oz bars and my one splurge item is the scottsdale 10oz stackers where I pay more in premium.
Next silver buy I'm going to get rounds, especially since silver is going to go up in price from here.
To me a government minted coin is basically worth a $1. an oz more then a round because of popularity.
Wow! I wish I would have seen this before buying all of my silver eagles! Awesome information! thank you very much.
I like how you generate videos with the community in mind. I prefer sovereign but not eagles anymore. I'm more partial to 10 oz bars than 1 oz rounds or sovereign. Informative, well done, thank you.
I live in Canada. Canada has tax rebates regarding your silver aswell. If you sell 99.9 or purer coins, you don't have to pay capital gains if you make less than $1000
Glad to know! Hi from Alberta 😊
I bought 90% silver coins 25 years ago 25 lb bags. With those prices I’m almost tempted to go up into my attic and carry the bags down 13 of them. My intention was to have relatives discover them when cleaning out my house. I wrote on the bags “you can’t take it with you” I melted some of it and cast bullets, silver coins don’t make good bullets too light but pretty.
Great video. I have heard from some coin shops that it will not matter what it is 1 oz is 1 oz and spot only once it gets to $50 or $100. I am for more silver at the least cost.
Ten Commandments for Buying Gold and Silver:
I. Always take delivery.
II. Never buy premium if you can avoid it.
III. Buy bullion for business, numismatics for fun.
IV. Buy silver first, then gold.
V. Buy small gold first, then large.
VI. Never buy exotic coins or modern rarities or anything you don't understand.
VII. Know your dealer.
VIII. What governments can't find, they can't steal.
IX. Never swap bullion coins for U.S. $20 gold pieces.
X. Never break the law.
I strongly disagree with the 10th commandment
@@darkscope2
How so? I have presumption where you might be coming from.
@@darkscope2 exactly, particularly unconstitutional laws.
Never break the law? So if critical thinking is made unlawful? Most "laws" are immoral, and I refuse to comply with immoral laws. "NO VICTIM, NO CRIME" and "LIBERTY" is the foundation of our Constitutional Republic.
@@darkscope2 if you don’t get cough, do it 😉
So much more explained in a simple manner. Thanx.
The problem with rare coin collecting for me is in a drastic down turn, a depression or a catastrophic failure of society etc. People won’t care how rare or collectible a silver or gold coin is. The value of the metal will be what’s important. So I just stack easily recognizable silver bullion or rounds. I don’t go with bars though due to its hard to recognize fake bars from legit. And large bars would be harder to use as currency in a catastrophe, coins will be easier to spend. Great video by the way I agree with you 100%.
08 Taught us that. You are correct.
you are right on track i've been buying morgans peace dollars and mercury dimes for 50 years,i don't own any new money,weight is all that matters,and hiding it in more than one place,gold and silver will not melt in a house fire,that's another plus,valuables have always been a pain in the ass storing them ,never banks,they change the names on banks more often ,and you are the last to know
I agree but only downside is if you need to buy something through the system, and say silver has gone up in price then you will have to pay capital gains tax on that silver unless it's one of the big named coins like the Brittanias which are capital gains tax free. Keep those to cash up when going thru the matrix and use the others for all other trade when the time comes
Great info here, exactly the type of stuff I like to see. I create similar spreadsheets also. Only way to make informed decisions is to see the DATA. Thanks
Thanks again Seeker! You really go the extra mile and do all the leg work and hard thinking for us! Haha. What a huge difference in possible profit margins once you start talking any type of significant volume. Sometimes even knowing the generic is a better deal it's hard to buy it over the premium stuff especially when it's just a few rounds/coins at a time. Clearly it's always better to think of the stack as a whole not just the individual purchase. Thanks for sharing with us!
Thank YOU for watching my friend!
Thank you for doing the homework and sharing with the class.