I started out buying silver from the big cos here in U.K. Didn’t realise how much more I was paying for these coins. Mostly Eagles and Maples.
Then I started to do a tonne more research and realised how silly it was to buy silver cons at 20% premium plus 17.5% VAT (back then).
So i sold it all on eBay, lost 10-12% of what I paid but used that to stack scrap/junk silver coins, buying them individually on eBay one by one. Soon enough I had more silver weight for the same money.
I quickly learnt that research is a good thing. So for the long game (retirement funds) I stack mostly “junk silver” when I can get it at spot or lower, Silver Brits as they have a capital gains tax advantage and half sovereign and full sovereign.
i will often trade or sell any coins with a higher numismatic value over metal and stack more metal, however I do collect some stuff that is for me, rather than investment. These include interesting poured items, 1oz silver manufactured bars, certain circulated coins such as silver crowns, silver Indian rupees and some semi numi series like the lunar 1/2 oz, interesting Britannia and German silver. I also collect odd silver items like ingots, pendants, interesting spoons, bullets etc. However I know what limits I have set myself on the premiums, and what prices I am willing to pay overall.
I also found it highly educational selling coins on eBay, as well as watching hundreds of auctions to know what retail prices you could achieve. That knowledge goes into buying stuff from dealers who don’t have websites and then trying to flip it for more weight.
Great post Pampfan, thank you. I've gone through several phases like you. The milk spots issue really turned me off on slabbed "premium" bullion, which is probably a bad idea all-together. Some Pandas and maples spotted on me, and I hated to look at them + they lost value. Partially why I prefer gold nowadays.
I do love collecting coins. A great hobby and potentially a good investment if I can figure out how to "do it right", if that makes sense. I guess I want my cake and eat it too.
I have found that my collection started out as a mishmash of pre- 1964 90% silver, and a few odd silver bars and 1 ounce coins. I didn’t really no much of anything except that I was spending a lot more money than what I received when I went to sell. There was no real reason to my collection - as funds were very limited. I was quite scared of buying a fake coin - so my logic was to buy ngc graded coins - since they were in a nice holder - I could have the piece of mind the coin was real.(not going to get into fake holders coins - yes I know they exist.) my first big purchase was a 1 ounce gold American eagle ms70 by ngc. Considering the price I paid for it - $1425- I wasn’t going to be able to continue with 1 ounce gold coins - so I had the idea of buying limited edition silver eagle sets from the mint with the intent of getting the coins graded and then selling them off to earn enough funds to make other purchases. That idea came crashing down when some of the coins didn’t grade out. So I decided to buy unopened silver rolls from all the mints in the world. Picked up a roll of snake privy britts, libertads, maples, eagles,philly’s, and about 5 others. Had them stored away - until one day I looked at a few of the rolls and they had milk spots - I sold them off at a loss just to get rid of them, meanwhile - I had seen a YouTube video of some guy in Britain who had the pamp suisse silver family, all the bars in all the different sizes - I said to myself - that was cool - maybe I could do it in gold. So at that point I shifted my stacking to a collection of pamp gold fortuna bullion bars and 1/10 oz gold coins from around the world) So I started selling off all the silver and gold I had to get the pamp collection. Took me 4 years to locate all the bars, and pick up about 20 different 1/10 oz gold world coins. I sent them all off for grading and got 10ms70 and 10ms69. I said that sucks - I really did not like how that was turning out and I also realized with my failing eyesight 1/10 oz coins are just to small. So I decided to only buy ms/pf70 1/4 oz gold coins when they come up for sale on eBay. Sold off all the 1/10 oz and managed to accumulate about 14 1/4 ounce coins in ms/pf70 condition. So my gold stack consists of my pamp gold bars and some graded numismatic gold.
I still wanted to have a position in silver and I wanted to teach my kids something about silver - so whenever we went to the coin shows - the dealers would sell me colored 1 ounce silver eagles at spot for my kids. So probably at this point they have about 250 in total. I also only stack silver eagles at this point - cause I can sell them in an instant -
to end my story - I collect world gold 1/4 oz gold coins - (if they go up or down I don’t care) pamp suisse bars ( if they go up or down I don’t care because I will never sell them anyway) and colored and regular silver eagles - cause my kids like em - you really can’t lose if you love what you collect and that is what many years of collecting has taught me.