What was the spot price of silver when you started stacking

[68Cougar]

I'm curious as to what price point realcent members decided to enter the silver market and I also welcome comments concerning why you decided stacking silver was for you. As for me, I started in 2001 when I became interested in the ASE. It seemed to be a beautiful coin so I got one then another and another... Of course I soon discovered art bars/rounds and 90% "junk". That first coin spawned an addiction. I just lucked up that my addiction would prove profitable

The poll has been updated. Please feel free to re-vote.

[fasteddy]

1986 with the introduction of the silver eagle. I started buying one ASE a month after I was married in 1987. They stack well and after twenty five years it is quite a stack. Before then it was the commeratives from the mint but only bought what I liked.

[barrytrot]

I answered under $5 which is true (very close to $5, it may have been a bit over $5, not 100% sure). I was buying a lot of mercs at that time

But I didn't really have the stacker's mentality until years later. I didn't even know what spot price was I just knew I wanted to pay under $4 delivered per $1 face value of mercs.

[Verbane]

August 2001 Spot was $4.25. First piece added to the stack was a 10oz Engelhard for $60.00 at a coin show. I also bought 40 rounds and bars that day for $5.00-5.50 per ounce from various dealers.

I was between deployments and had a lot of cash on hand. At the time I was single and living in the barracks. Other than my IRA and mutual fund investments, my only monthly expenses were car insurance and Jim Beam.

[InfleXion]

I have bought at slightly under 10 but when I started it was 12. Rounded the bottom in 08 half due to dumb luck, but I had been watching the price since it was $5. It just took me a few years of research to get the conviction.

[silverflake]

I was semi-seriously stacking in the 90's. I remember one day in 1993 I was driving home from work listening to a business station on the radio and they quoted the price of silver at $3.98/ounce. That sticks in my head but as time passes, maybe that was wrong. I was just out of college and broke so my cash was slim but I remember buying rolls of B.U. Kennedy 90% halves for $37/roll. And I remember distinctly (still have the sales slip) buying 5 rolls of mercury dimes from Brooklyn Coin and Stamp gallery for $89 - total - for 5 ROLLS OF MERCS! So there.

Keep stacking.

[scyther]

Late March 2012, I think it was around $34 an ounce. I think there should have been an option for 40, 45+. I didn't enter at the top, I swear!

[68Cougar]

Late March 2012, I think it was around $34 an ounce. I think there should have been an option for 40, 45+. I didn't enter at the top, I swear!

I considered continuing in $5 increments on to 45+ but decided not to based on a hypothesis that has now been shot to hell lol not to mention laziness:) I will see if I can edit it later when I have a bit more time.

[68Cougar]

I didn't realize all of the previous votes would be erased

[Sheikh_yer_Bu'Tay]

You don't even want to know! Hahaha!

[frugi]

for me it was around $3.75/ozt., which was in the mid 1990's. I was half way through high school , and I also remember gas fluctuated between $0.74-$1.25 per gallon. Those were the good old days, thats for sure!

[aloneibreak]

I was busy filling holes in whitman books in late 02 early 03

buying junk silver by the bag, searching for dates then reselling

most of what I bought was around 3.5x face

I got hooked on the sound of silver coins and started filling rolls instead

ase's were going for around $5

unfortunately life happened and most of it left my weak hands

don't let these little dips get ya down guys - keep an eye on the big picture and keep stacking whatever you can !

[SilverDragon72]

I purchased my first ASE in 1999 I believe. I don't remember what the price was back then, but I've been collecting them every year since then.

For a while, the ASE's and the Silver Proof sets were all that I collected. No junk silver, but I did have a 10 ounce JM Matthey Bar and a some Silver 4 ounce currency replicas. Some really cool ones, too.

Sadly, I ended up selling some of my stack back when the price was like 17 per ounce, in order to finance a trip I took to San Antonio. It was fun.

However, during the last year, and especially since discovering the Realcent website, my stack has grown by leaps and bounds, and not just PMs either.....but a few CTU's worth of pennies
and nickels too!

So yes, I've been rather busy adding to the stack diligently, like a little squirrel!

By the way, having the SWEOT in my possession has only added to my insanity!

[cesariojpn]

I stacked a few bars around the $5-$10 mark near the beginning of the century. Ouncers. Wish I stacked more. 10 ounce Bars for around $50.......damn.

[Sheikh_yer_Bu'Tay]

I stacked a few bars around the $5-$10 mark near the beginning of the century. Ouncers. Wish I stacked more. 10 ounce Bars for around $50.......damn.

Yeah, I hear ya! If we had only known then what we know now!

[jmaii]

Just got started in the Spring; spot was a bit over $23.

[angel2004]

Well I was a very young child in the 1960s and we did keep any and all silver! So I guess you can say at face value! But I didn't buy any until around 3 years ago. I roll search as well at times, so again at face. Now it is nickels turn to save at face! Who knows what will or won't happen but I do it.

[scyther]

Well I was a very young child in the 1960s and we did keep any and all silver! So I guess you can say at face value!

Do you still have it, or did you sell it at some point?

[angel2004]

Well I was a very young child in the 1960s and we did keep any and all silver! So I guess you can say at face value!

Do you still have it, or did you sell it at some point?

Still have! Not much, but I kept it since it was kind of sentimental as well since it was one of the things I did with my Dad! He got a roll each of Kennedy halves in 1964 and 1965 from the bank. Still have those as well!

[chefdan311]

It was @ 32 when i started a few months back and it started dropping the next week lol

[Recyclersteve]

It was too late for my vote to be added to the poll, but I thought I'd add my two cents worth. (CORRECTION: My vote did finally get added to the poll- I used the $12+ price instead of the $5+ price because that was the price when I became SERIOUS about stacking) I began stacking a long time ago. I remember buying some silver in late 1995 when silver closed was $5+/oz. But I didn't become a serious stacker until July, 2007 when I made a commitment to either find (for face value) or buy at least some silver every month. In July, 2007 I bought silver when it was $12+ an oz. and have bought some (and sometimes a decent amount) each and every month since then. This included some bad times like 2008-09 when the stock mkt. crashed and 2010 when I was very ill for an extended amount of time. (Also, let me add that I was fortunate enough (I still have the records) to trade all 90% junk silver I had (except the good dates which I saved) on Saturday, January 5, 1980. That turned out to be great timing for silver I'd gotten when the price averaged abt. $3 an oz. I exchanged the silver for five new suits for my first job after graduating from college. How about that for a nice barter?!?)

[Hawkeye]

It was between $8 and $9 when I started. The thing that got me started was this - several years ago, a friend who didn't have internet asked me to look up the spot price of silver. I did and was surprised to see that it was under $10 an ounce. That seemed incredibly cheap to me. I started poking around online and was shocked to see that I could buy beautiful 1 oz silver rounds for just over $10 a piece. I always thought of pms as being a "rich man's game," and it never occurred to me until then to buy some of my own. Which I did, and I haven't looked back since.

[InfleXion]

I got my first CML in 1991 and a 64 Kennedy proof around the same time if not sooner, but at the time I was just a coin collector, along with my rock collection, baseball cards (Griffey for president!), Legos, all that kid stuff.

It wasn't until 2008 that I really started stacking, as luck would have it was the bottom at the time (when I realized IOUs are not a solid foundation) so I did get some generic at $10/oz out of pocket but most was a little over $12. I was eyeing silver since it was $5-6 sometime around 2005 which is when I first learned the GSR was way off historical norms (and still is). It just took me a few years to get my conviction which only came with ardent research.

[wheeler_dealer]

My first silver was a Beautiful Sesquicentennial half I received for a birthday gift in 1978. I didn't understand why it was worth so much. Thankfully I became curious. I started collecting at face value when I worked collecting (cashier) for a parking garage in 1985. I started buying at $5.00 per ounce and have since (yes all the way to the top at $48.00) I still buy a little but the floor is cracking and I'm worried about a sink hole LOL. My safety deposit box is almost full.

[SilverDragon72]

Well, my stack still grows....just a little slowly these days. I still manage to grab some shiny from time to time.....silver rounds, ASE's and some 90% once in a while.