What's Your Preference?
Posted: Sat Jan 24, 2015 4:06 pm
Although the silver price fluctuates in sometimes radical swings, the premiums above the POS remain somewhat more predictable. ASEs, Maples and, to a lesser degree, some other 1 TOZ recognizable .999 coins generally add another $3-5 to the price of each coin. (In many states, too, you're paying sales tax on the silver itself plus the premium.)
Following the "silver is silver" line of thinking, do you opt for generic 1 TOZ silver bars or rounds instead? When buying these, you might end up with 1 saying "Merry Christmas 1989" or "Easter 2002." Others could be practically any subject. The purchasing advantage here is you can buy the identical silver content for a premium of 50% less than the more well known (and recognizable by everyone) ASEs, etc.
A third choice is foreign silver coins. I've been able to purchase a generous quantity of silver Mexican 100 Peso coins (minted in the late 1970s). These are a little larger than the size of a US silver $ and brilliant unc. Each has .6429 oz of silver and I was able to acquire them at melt during the silver doldrums pricing around Christmas time.
I was an adult during the great silver run of the Hunt Bros in the 1980s. Silver of any fineness and in any form was in high demand. That's what makes me think these lower-premium silver coins or bars will be scooped up and sent to the smelter when (not if) the next big run begins.
Following the "silver is silver" line of thinking, do you opt for generic 1 TOZ silver bars or rounds instead? When buying these, you might end up with 1 saying "Merry Christmas 1989" or "Easter 2002." Others could be practically any subject. The purchasing advantage here is you can buy the identical silver content for a premium of 50% less than the more well known (and recognizable by everyone) ASEs, etc.
A third choice is foreign silver coins. I've been able to purchase a generous quantity of silver Mexican 100 Peso coins (minted in the late 1970s). These are a little larger than the size of a US silver $ and brilliant unc. Each has .6429 oz of silver and I was able to acquire them at melt during the silver doldrums pricing around Christmas time.
I was an adult during the great silver run of the Hunt Bros in the 1980s. Silver of any fineness and in any form was in high demand. That's what makes me think these lower-premium silver coins or bars will be scooped up and sent to the smelter when (not if) the next big run begins.