Gold and Silver Coins or Bars ???

[Celebrome]

Hi, i am about to invest in Silver but im not sure on what to invest yet. There are some Coins and bars that you can choose from but i was wondering wich one is more convenient ? Wich has the best reselling value and best for trade ? Im thinking about buying some 1.oz  1/2.oz and maybe some 10.oz.    I would like to have your opinions. thank you.

[Letsbereal]

Hi, i am about to invest in Silver but im not sure on what to invest yet. There are some Coins and bars that you can choose from but i was wondering wich one is more convenient ? Wich has the best reselling value and best for trade ? Im thinking about buying some 1.oz  1/2.oz and maybe some 10.oz.    I would like to have your opinions. thank you.

I scrolled trough the Silver topic for you also because I expect an other ralley and it's always nice to have some silver history in the back of the mind.

I suggest to start with this Vid to find some answers: How To Buy Silver & Gold - Mike Maloney Bonus Feature http://www.youtube.com/watch?v=TL8SbSpucDY

What kind of SILVER and why??? http://www.youtube.com/watch?v=CnZWuI4dmlo

Where to buy Silver?
2 December 2010, (silveristhenew)
http://silveristhenew.wordpress.com/where-to-buy-silver-as-an-investment/

Excerpt:

Where should I buy precious metals?

This is an important question that you should ask yourself when making an investment in precious metals.

This page has my suggestions. I will be updating it periodically as I come across more vendors and only after I try them out at least once.

Hopefully to save you some frustration.

Local over the counter, face to face ,cash and carry is best in my opinion.  That is what I do.

What type?  I believe 90% silver junk bags (pre-1965 half dollars, quarters, and dimes) are the best and easiest to trade. 

I personally like the half dollars because they are easier to count and deal with, but if none are available, I'll take quarters and dimes just as well.

I like the 10 oz bars too.  Easy to buy, sell, and count...

Simply put, I just want to trade the metal for it's silver value only and not fancy schmancy numismatic or semi-numismatic silver coins that carry premiums on them. 

Get the most silver possible, for as close to spot as possible.

For UK posters , this site was given to me by ukLYNN over a year ago , this is where we buy our Silver from http://www.bullionuk.com/

flicks http://maxkeiser.com/2011/04/15/max-keiser-theyre-terrorists-theyre-willing-to-kill-themselves-others-for-a-penny/comment-page-1/#comment-280975

For those of you in the UK who maybe thinking to buy silver but are put off by the 20%VAT, commentor Tony posted thsi a few days ago :-

“Flicks, I didn’t buy the monster box within the UK, because bullion dealers will automatically charge you the VAT on them , even if they are legal tender.

But if you import them, Customs cannot charge you the VAT as legal tender officially is VAT exempt. It’s as if you bought dollars at a Bureau De Change, there’s no VAT involved.

I phoned Customs on 0845 010 9000 and asked them for info on importing silver coins that are legal tender.

They gave me the telephone number of the Tariff Classification Department, which is 01702 366 077.

I called them up and asked for the Classification Number of silver coins that are legal tender. I was given this number: 7118900090.

I called back Customs and gave them this Class. Nr., and was told by them that it’s VAT exempt.

Get at this point the reference number of the telephone call with Customs, as it gets recorded and you’ll need it later on.

I then ordered my monster box at http://www.gainesvillecoins.com which is based in the US.

When the box arrived to the UK, the shipping company asked me about the tax.

I sent them an e mail with the reference number of my phone call to Customs and the instructions given to me by Customs, which was to order the shipping company to fill in their Customs Entry Form ticking the ” VAT exempt ” option.

The shipping company is obliged to follow your orders.

The box arrived shortly after with no problems and legally VAT exempt.

It felt so good!

All the info required is here. I’m not making this up. GuildF40 on youtube was absolutely right!

GuildF40: IMPORTING "SILVER" OR "CURRENCY" INTO THE U.K.(& A NICE SILVER MYTH'S LINK FOR INFO) http://youtu.be/5lj9PG8U7jw

Make the calls and check this out yourselves. This is real.”

He got Silver Eagles amongst others.

Dealers in the US need to be switched on to this and help out UK customers.

[Celebrome]

Thank you Very much, ill be reading this first thing in the morning.

[CheneysWorstNightmare]

Thank you Very much, ill be reading this first thing in the morning.

All I gotta say is load up on precious metals and don't be a sucker.  Here is a good youtube site: It's from SGTBull.  He has a LOT of videos about where gold and silver might end up.  Make sure you click on his "Video" part on youtube.

http://www.youtube.com/user/SGTbull07/videos

[Georgiacopguy]

Without delving deep into the links provided, i would think a mix of the two would be a good way to make sure you have differing amounts in order to pay for things. If you limit yourself to strictly bars, then you have to melt it down and get smaller amounts in order to make payment on smaller items. If you have different sizs of silver, you thereby have differing "denominations" as it were.

[Celebrome]

Something funny happened to me today that made me choose wich one i would go with.  I was watching Pawn star on T.v. i  do not watch lots of show on T.v. but Pawn star and Auction hunter are kind of fun to watch. They always find weird stuff or historical stuff that sometime are worthless but other time..... they make lots of money.  Anyway, a guy come in the store with a Coucou clock that someone decorated with 5 1.oz Silver Dollard. The guy said that the guy who put thoses silver dollard there tried to clean them the wrong way and even scratch the surface so they lost lots of value since they were collectible coins. They were still worth something since they were made of Silver but less.... So i guess ill be going with Silver Bars since they are worth what they are worth and not evaluated on the design or the number of thoses coins in circulation.  Plus i watch some of the video from Letsbereal and they convince me to go with bars. Must be awesome to hold in your hand that 100.oz bar lol but i would go with  1.oz and 10.oz for now.

[platinumpi4u]

If you're following Lindsey Williams, who has been right on for so long for so many times, he is saying pre 1933 US MINT gold.

He is also saying the Shit Storm will be here in September, with the banks announcing to the public their losses in the derivatives, the Euro crashing, and then US crashing 2 weeks after the euro. This guy has been right so many times to the T, so they are saying gold up to 2200 and maybe still 5 or 6k an oz, with silver going to $80, possibly higher.

Get in now before late August, because by then it will be too late!!

[empire]

If you're following Lindsey Williams, who has been right on for so long for so many times, he is saying pre 1933 US MINT gold.

He is also saying the Shit Storm will be here in September, with the banks announcing to the public their losses in the derivatives, the Euro crashing, and then US crashing 2 weeks after the euro. This guy has been right so many times to the T, so they are saying gold up to 2200 and maybe still 5 or 6k an oz, with silver going to $80, possibly higher.

Get in now before late August, because by then it will be too late!!

What sources are the best place to follow Lindsey's predictions?
Does he have a site?

[empire]

If you're following Lindsey Williams, who has been right on for so long for so many times, he is saying pre 1933 US MINT gold.

He is also saying the Shit Storm will be here in September, with the banks announcing to the public their losses in the derivatives, the Euro crashing, and then US crashing 2 weeks after the euro. This guy has been right so many times to the T, so they are saying gold up to 2200 and maybe still 5 or 6k an oz, with silver going to $80, possibly higher.

Do you really think silver will jump that dramatically?

[resist.tyranny]

My suggestion would be to get mostly smaller bars, since they're already in a standard, convenient size, for easier pricing.  Definitely stay away from coins, unless you only pay for the spot price on the metal.  If it's a 1oz pure coin and you only pay the spot price for the quantity of gold/silver it contains, then that would be OK.  Don't pay a premium for any numismatic value.  Not even coin experts can tell you what will go up or down if the economy fully implodes.  A rare, expensive coin in today's economy would be worthless (other than the value of the metal) if 200 million people are out of work and hungry. 

[Celebrome]

My suggestion would be to get mostly smaller bars, since they're already in a standard, convenient size, for easier pricing.  Definitely stay away from coins, unless you only pay for the spot price on the metal.  If it's a 1oz pure coin and you only pay the spot price for the quantity of gold/silver it contains, then that would be OK.  Don't pay a premium for any numismatic value.  Not even coin experts can tell you what will go up or down if the economy fully implodes.  A rare, expensive coin in today's economy would be worthless (other than the value of the metal) if 200 million people are out of work and hungry. 

Thats why im going with 1.oz, 10.zo bars  and maybe some 1/2.oz and 100.oz but im not sure yet. But one thing is certain, next week im gona order lots of 1.oz bars.
I was thinking about this website. I made a little research on them and they have good rating with the BBB and customer reviews.
http://silvergoldbull.com/

[platinumpi4u]

Do you really think silver will jump that dramatically?

I never thought it'd go past $20. And when it hit $25 I bought the book (creature from jekyl isle, which includes 1 free silver liberty) so by the time the book arrived, silver was at 33 ro so, and the coin was worth more then what I paid for the book, by the time it came in the mail.

Also, what lindsey is saying, he has been right too many times in the past, on gold, silver, and oil, and the middle east.

What sources are the best place to follow Lindsey's predictions?
Does he have a site?

http://www.youtube.com/watch?v=uDppA3mMBas

Nevermind the fluff / filler stuff, just listen for the key facts.

[New Whirled Order]

There are pros and cons associated with each form of silver.  I sold a 100 oz bar once that was suspected of being one of these...



In the end mine turned out NOT to be a drill-and-fill, but I had to absorb the cost for the assay to determine that the bar was indeed 100% silver.  I can't say that I blame the dealer for being suspicious about it.  The bar didn't "ring" correctly and sounded like a dud when they pinged it with a hammer, especially when compared side by side with another bar that did have a perfect ring to it.

Also, 100 oz bars are not divisible.  If the price of silver goes exceptionally high, you may wish you had something in smaller denominations. 

Just a couple of things to think about concerning 100 oz bars...

[Celebrome]

There are pros and cons associated with each form of silver.  I sold a 100 oz bar once that was suspected of being one of these...



In the end mine turned out NOT to be a drill-and-fill, but I had to absorb the cost for the assay to determine that the bar was indeed 100% silver.  I can't say that I blame the dealer for being suspicious about it.  The bar didn't "ring" correctly and sounded like a dud when they pinged it with a hammer, especially when compared side by side with another bar that did have a perfect ring to it.

Also, 100 oz bars are not divisible.  If the price of silver goes exceptionally high, you may wish you had something in smaller denominations. 

Just a couple of things to think about concerning 100 oz bars...

Thank for the Info. That made me realise that I live like an 1hour and half away from The Royal Canadian Mint so i might try to contact them. I saw on there Website that they do not sell to the general public but can give us a list of place where i can buy Gold and Silver bar from the Canadian Governement. I found out that they are making Silver Bar for the year of the Dragon and since mi Girlfriend is asian and that we just had our first child i might buy her one for when shes older hehe.

[empire]

Something funny happened to me today that made me choose wich one i would go with.  I was watching Pawn star on T.v. i  do not watch lots of show on T.v. but Pawn star and Auction hunter are kind of fun to watch. They always find weird stuff or historical stuff that sometime are worthless but other time..... they make lots of money.  Anyway, a guy come in the store with a Coucou clock that someone decorated with 5 1.oz Silver Dollard. The guy said that the guy who put thoses silver dollard there tried to clean them the wrong way and even scratch the surface so they lost lots of value since they were collectible coins. They were still worth something since they were made of Silver but less.... So i guess ill be going with Silver Bars since they are worth what they are worth and not evaluated on the design or the number of thoses coins in circulation.  Plus i watch some of the video from Letsbereal and they convince me to go with bars. Must be awesome to hold in your hand that 100.oz bar lol but i would go with  1.oz and 10.oz for now.

I had the complete opposite experience
Was planning on getting bars, but decided on old silver coins (at spot or below, no collectors value) instead.

Bars are fine as an investment, but in terms of practicality, coins seem like the better bet to me.

Besides which, all the places I've tried to source bars, they usually go above spot, whereas you can usually find coin based bullion below or at spot.

The coins I have (from about 1928 - 1964) are also legal tender. I don't live in the states though so it might be different in the US.

[empire]

I never thought it'd go past $20. And when it hit $25 I bought the book (creature from jekyl isle, which includes 1 free silver liberty) so by the time the book arrived, silver was at 33 ro so, and the coin was worth more then what I paid for the book, by the time it came in the mail.

Also, what lindsey is saying, he has been right too many times in the past, on gold, silver, and oil, and the middle east.

http://www.youtube.com/watch?v=uDppA3mMBas

Nevermind the fluff / filler stuff, just listen for the key facts.

Thanks.
Well either way, if it's even half of what's predicted, we'll be sitting pretty

[New Whirled Order]

I had the complete opposite experience
Was planning on getting bars, but decided on old silver coins (at spot or below, no collectors value) instead.

Bars are fine as an investment, but in terms of practicality, coins seem like the better bet to me.

Besides which, all the places I've tried to source bars, they usually go above spot, whereas you can usually find coin based bullion below or at spot.

The coins I have (from about 1928 - 1964) are also legal tender. I don't live in the states though so it might be different in the US.

My experience has been similar to yours.  There is a dealer here in Austin, Texas that sells pre-1965 junk silver coins for their melt value.  The word "junk" simply means they have no numismatic value over their silver content for those who aren't aware of that term.

I have a few 10 oz bars, but the majority of my silver stash is old pre-1965 coins.  If this economic collapse finds us in a situation where silver is used for barter, what better form of money could there be than that which already WAS circulated money?

[empire]

My experience has been similar to yours.  There is a dealer here in Austin, Texas that sells pre-1965 junk silver coins for their melt value.  The word "junk" simply means they have no numismatic value over their silver content for those who aren't aware of that term.

I have a few 10 oz bars, but the majority of my silver stash is old pre-1965 coins.  If this economic collapse finds us in a situation where silver is used for barter, what better form of money could there be than that which already WAS circulated money?

Exactly what I was thinking.

[Celebrome]

I just found out something special on a website that sells gold and silver.

Silver grains.....

http://www.apmex.com/Product/44273/10_oz_Bag_Silver_Grain_Silver_Shot_999_Fine.aspx