Bars or coins

[needler420]

Which do prefer?

[PennyBoy]

coins or rounds due to ease of familiarity.

[rexmerdinus]

I do some of each, each for their own reasons.

I like bars because it's a convenient way to store value that is independent of FRN's. I do them in 10-oz. increments because a.) it's what I can afford, a few at a time, and b.) they stack nicely when they're all the same square size and shape.

I like coins primarily as a hedge against the possibility of a "zombie apocalypse" situation. Coins are small, portable (read: concealable in a pocket), incremental and (ignorong wear and tear) guaranteed in their metal content as "coins of the realm," making them convenient for trade or barter on a daily basis where a 10-oz. bar would be inconvenient. Also, if precious metals get confiscated and you don't surrender yours, and then the Gubbment comes a-knocking, your coins are just coins with a face value equal to the same ones minted yesterday. They're not an investment or a hoard, they're just coins you found in your change and set aside because they looked a little funny or something--no violation of law there. Though I'm sure they could find one...

[needler420]

I do some of each, each for their own reasons.

I like bars because it's a convenient way to store value that is independent of FRN's. I do them in 10-oz. increments because a.) it's what I can afford, a few at a time, and b.) they stack nicely when they're all the same square size and shape.

I like coins primarily as a hedge against the possibility of a "zombie apocalypse" situation. Coins are small, portable (read: concealable in a pocket), incremental and (ignorong wear and tear) guaranteed in their metal content as "coins of the realm," making them convenient for trade or barter on a daily basis where a 10-oz. bar would be inconvenient. Also, if precious metals get confiscated and you don't surrender yours, and then the Gubbment comes a-knocking, your coins are just coins with a face value equal to the same ones minted yesterday. They're not an investment or a hoard, they're just coins you found in your change and set aside because they looked a little funny or something--no violation of law there. Though I'm sure they could find one...

What do you think of 1 ounce bars? I was thinking of getting the randoms from provident for the lowest premium.

[68Camaro]

Develop your own rationale that makes sense for you personally, for your situation.

For me, and possibly many others:

• focus is on coins, split between the major recognized 1 oz silver coins and full-weight AU to BU US 90% halves
  
  • In 1-oz coins: Major focus is ASE. Minor focus on Maples. Tertiary amount of Libertads.
  • In US 90%: , Major focus is 90% full-weight halves, especially 64 JFKs. Secondary significant position in full-weight quarters and dimes, for use as "change".
• secondary to coins, some of the major 1-oz bullion mint rounds
• tertiary to coins, a few .999 bullion bars of various sizes

[needler420]

Develop your own rationale that makes sense for you personally, for your situation.

For me, and possibly many others:

• focus is on coins, split between the major recognized 1 oz silver coins and full-weight AU to BU US 90% halves
  
  • In 1-oz coins: Major focus is ASE. Minor focus on Maples. Tertiary amount of Libertads.
  • In US 90%: , Major focus is 90% full-weight halves, especially 64 JFKs. Secondary significant position in full-weight quarters and dimes, for use as "change".
• secondary to coins, some of the major 1-oz bullion mint rounds
• tertiary to coins, a few .999 bullion bars of various sizes

I'm from central FL also.

[68Camaro]

Well welcome, needler. I'm on the northeast side, in south seminole. Don't know if you're a penny sorter, but I dump at TD bank (now), so don't think we will have any territorial issues. I know there are other local sorters out there of various types - I run into their signs from time to time - but haven't actually met any.

[Mossy]

Something I realized going through T&A in Seattle: Gold coins probably look a lot like clads on the x-ray, so the T&A crowd will probably leave them alone (small amounts, anyhow). Bars will show up as something to be investigated.

[IdahoCopper]

I looked at a 10.12 TrOz ingot today. It was roughly poured, stamped with a logo, .999 silver, and the weight. I offered the guy 80% of spot, and he turned it down. He said he would call me back i he changed his mind.

But from him I did get some old silver US coins, eight .999 standard 1oz rounds, a 1oz rectangle, and two small thick 1oz rounds, for $445; it was 14.74 TrOz, at $19.75/oz. From my craigslist ad offering 23x face.