I'm not sure I buy into the notion of everyone recognizing pre-65 silver coins. I'm thinking more and more folks would just think that 1950 quarter is a quarter...worth 25 cents. At least with silver eagles it says on it that it's silver.
i would agree not Everyone will recognize 90% silver......just like a lot have no clue was a ASE is now.....but buyers know and trust 90%....and you have to remember its easy to stamp "silver" on just about anything as the Chinese have proved ....personally i have a lot of 90% its a pain to store aint pretty or clean but i have never worried about finding a buyer for it... :)
Dont stress too much on what type to purchase. Your ideas will change as you go along. Have some fun with it at times. Different sizes, mints, foreign or domestic.. it's all good, just watch the spread. I have ended up with all kinds of shit. Stuffs I avoid.... Large anything and Numismatics (a lot of smart people make money on these, I just tend to keep it simple). Save all of your receipts, write more info on the back of them if need be. Silver is much more speculative than gold, I buy it with hopes of trading for gold at the right time..... Loose lips sink ships, tell no one. Buy lots of firearms, they're fun..... Sounds like yer on the right track.
Best of luck, smooth
Welcome to the board 80. Good to see someone new interested in real money.
I dipped my toes in November of 2012 when silver was around 32. My first purchase was 2 Canadian maples from jmb which costs me 77.11, still have the receipt.
Will prices go lower? Its possible but having purchased at much higher prices it would seem to me the last few years have presented us with pretty decent buying opportunities. Sub 16 silver has only showed its face a few times since I've been collecting and I say your timing is impeccable... could be wrong.
A few things I've learned. 1. Spot will always fall when your in a pickle and need cash. 2. Most local coin dealers pay a bit more for American coins such as Age's and Ase's. 3. If you hang out long enough here your bound to meet some great folks and make a few friends, who like yourself, get it!
My advise, buy what you like. I've dabbled in scarce coins with only a novice eye and made money. I've cherry picked from the generic bin at my local coin peddler and made money flipping.
Have made some great trades using silver as money with friends and neighbors. The size and make of my stack is always changing, for me that's been the only constant.
Go with the flow, one day we we're all gonna look like geniuses.
...Except for Irons because he won't have any swellver.
If you buy online pay via postal money order. They cost 1.60 per thousand dollars. The merchant treats like a cash deal. You at no time need to give anyone your name. It is anonymous through our government of all things.
"Scooping it up by the ounce for free"
After $1500 + detector, and $500 + - in accessories.
Boat to get to spots you dig now, extensive side noted costs available for boat operating.
Of course time spent searching for free metal.
The end result is so far in the red, consider claiming loss on your TAXES !
The true value in detecting, as I am a detector, is the enjoyment.
Anything above and beyond is a bonus.
The books do not record enjoyment value however.
So unless you find a 1807 militia belt buckle worth $1000+, or Au Seated Liberty $250, or cache, or rarererrerr coins !
One will not $ gain.
If I paid myself for detecting time, just the swinging of the loop, I would have sealed boxes of silver or gold.
Not a couple rings, a pendant, and cross or something.
I continue to love it and will dig until dead.
My numbered records I have kept, continue to show loss.
Just devils advocate delivery Irons.
Most "hobbies" have zero return in comparison, and are not for closet case... PIRATES !
$1.60 premium was 32% on the $5 ASE's; 40% on the $4 ones... yowza !
Freekin worth it though, even at inflationary loss today.
Real inflation numbers, not FED bs.
If you had bought Australia lunar series you could still be selling, with silver @ $16, for $80.
Maybe just $60 for faster sales, but how much would 2003 ASE's be going for ?
In a heavily manipulated market, where silver should NOT be @ $16 bucks, semi-numis do have a slight advantage.
Only however, if one intends upon utilizing such.
Otherwise, Dice Clay - " Forget about IT ! "
If you're going to buy ASE's at 2.99 over spot you might as well buy the latest ATB when it's on pre order for 2.99 over spot. You still get US Mint silver but you also get the numismatic potential with the puck.
As far as gold goes, I'd just buy the cheaper 1oz maples over the AGE's. I like the fact that the maples are .999 pure.