Which coin would YOU buy?

[forgottenmemorie]

Hi All,

Question: If you were going to start buying a single silver coin every month.

End goal: Sell the coins in 10 years time.

 

1. Which silver coin would you choose?
2. Why did you choose that coin?

 

Can this be moved to silver section please.

[Roy]

1. The cheapest (but buying 1 coin a month is uneconomical 'cos of postage)

2. Because of 1

[Micky9776]

For me I wouldn't just choose the same single coin each month, I would mix it up a little and get a different one each month, try and get one from each mint or even a series etc. But like Roy has just said, the postage will hit you hard and will eat into your future profits

[jayboat]

1/ Pandas

2/ First coin that came to mind 

Outcomes after 10 years, 

Silver goes up and you win

Silver goes down and cash in the premiums and you win. (unless silver goes to under £10)

[Pete]

If silver spot ever picked up in price ( £25 / Toz  ) I would be happy to sell you one every month for your 10 year period postage free.

ASE's, Maples, Libertads, Phillies, Lunars, Britannias, Kooks, Pandas, Koalas, Roos ....

[sixgun]

In 10 years i expect the world will be a very different place. At some point precious metals, especially silver will come into their own. 

You don't give an amount you are willing and able to spend. 

Let's assume silver increases in price with inflation and let's assume inflation is 5% or less per year. The reason i say that is, if we see hyperinflation the price of silver could go up to £1000's per ounce, that is assuming the GBP survived. There may be new uses for silver and silver suddenly becomes more vital and scarce. In such circumstance getting as much silver as possible will have been the best policy. Silver could become so valuable the actual coin becomes irrelevant.

However let's assume things potter along as they have up to now.

A coin has two value elements. The value of the silver and the value of the coin. Coins with the same silver content have different prices and this is due to the value of the coin, the collector [numismatic] value.

I would look closely at the selling side of this forum. You will find some very good value coins appear here. i have bought lots of coins here. What comes up is a bit random but you are about spotting good value coins with potential. From your question it seems to be you are looking to have a stack of maximum value in 10 years time. In that case i would not restrict myself.

Certainly Pandas have been a good buy in the past. You usually get best value in recent years before the numismatic value of the coin increases. The problem with Pandas is their mintage numbers aren't known exactly but the potential mintages are very large. Having said that there are enough Chinese to swallow the mintages many times over. So if you were buying a coin from a dealer, getting Pandas would be a good choice but getting single coins is generally uneconomic when it comes to dealer postage charges. Buying silver from UK dealers is also lumbered with VAT which makes it more expensive - another reason to buy off this forum. This forum is generally better value and much surer than ebay.

If you are collecting a small number of coins i would not bother with basic bullion coins - Philharmonics, American Silver Eagles. I would not get anything Canadian b/c of milk spot. i have had problems with milk spot with Somalian Elephants. I believe Armenian Noah's Ark coins have above average trouble with milk spot.

From the view of tax - although it does not seem this would be an issue with 12 coins per year, buying UK coins exempts you from Capital Gains Tax.

Buy coins you like the look of.
Don't buy gimmicky and generally coloured coins.
Get proof coins with COA's if you can find good value coins.
Get coins in a series even if you don't intend to get the whole series.
Get coins with lower mintage that collectors might want if they are completing a series - you might get 2oz or 1/2oz coins which are produced in much smaller numbers than the 1oz.
Do some research by looking at how prices vary over time and between mintages - 
https://www.gold.de/kaufen/silbermuenzen/ 
This is in German but it is not hard to follow and you can look at how different weights, mintages and mints vary.

Perth Mint publishes mintage numbers

http://www.perthmint.com.au/investment-bullion-bars-and-coins-mintages.aspx
http://www.perthmint.com.au/numismatic-mintages.aspx

There is more to it than this but it is a start.

[Niels87]

I would buy a 1kg lunar coin every month. 

[Niels87]

9 hours ago, Roy said:

1. The cheapest (but buying 1 coin a month is uneconomical 'cos of postage)

On goldsilver.be you van choose for combined shipping.

You pay postage on your first order.

They keep the coins for free untill you send a message they must send them.

As long as they keep your order you dont pay shipping costs on your next order.

They keep it max 18 months.

I just start doing this now, every 6 months i let them send my orders. 

[dancavendish]

As was said one coin is expensive to their values, the option with gold silver.be it's very interesting, worth checking.

Definitely go for series, they increase better in price.

And I was told go for Australian, they nice and this make them even more valuable in time.

[fehk2001]

i would say Australian LUNAR coins

1) it has a track record on performance 2) easier to keep because not likely to have milk spots or tarnish too easy good make 3) after 10 years you will have ten different pattern coins

[forgottenmemorie]

Awesome advice in this thread. will take a look at the resources you've included.

 

Question: If you wanted to sell  1kg of silver coins would a dealer buy them all? anyone tried?

[Stu]

Most will buy as much as you have got, a good % below the market price however. Bullion for selling quickly to dealers and realising money. Semi numi for hedging and seeing a reasonable return if spot price falls

[sixgun]

1 hour ago, forgottenmemorie said:

Question: If you wanted to sell  1kg of silver coins would a dealer buy them all? anyone tried?

1

Why sell to a dealer when you could sell here?

[forgottenmemorie]

Just now, sixgun said:

Why sell to a dealer when you could sell here?

I just wanted to know all the options when time to sell. 

[jayboat]

57 minutes ago, forgottenmemorie said:

I just wanted to know all the options when time to sell. 

Dont worry about selling, just plan what your going to buy and focus on that. 

You'll have 10 years from you place your fist order to learn about selling. Its silver, it will always be worth something and someone will always want it, so dont sweat about selling right now 

Lunar's are good also but you will do the same as the rest of us and mix it up, a few a this, a couple of those,  then you'll start date runs as the years begin to roll by. Then your hooked. This is the elevation of the stacker. Welcome aboard matey 

[vand]

If it was ONE coin only then I would stack the cheapest - Maples, as the primary role of PMs is to preserve purchasing power over the long term. Any stack that places premium appreciate above this is one that is more of an investment than an insurance policy which is putting the cart before the horse.