We received some circulated American Silver Eagle coins from some customers to be re-melted and made into new generic bullion rounds. Is Silver Just Silver or does it matter what type of silver you buy? These people believe it deosn’t matter!
I think silver is silver to some extent, i personally buy the Australian Perth Mint Kookaburra 1oz Coins as they are well recognised even internationally, another aspect is that they are known for their quality and lack of counterfeits.
When it comes to the day where i need to sell the Silver away, i need to know it will be recognised internationally and that it is well known amongst Silver stacker’s and the like.
@PraviBosanac I think you hit the nail on the head when you visualize being able to liquidate your silver when you buy it. I think everyone should do exactly the same when buying silver.
What kind of premiums do you pay on the perth mint products?
i have a lot of silver maples. too much premium. silver’s for traders, a paper game. i expect it to get dumped down huge in a few months. within ten years i’d hope it gets to 25 but may sit in another 20 year coma at 12. silver sucks but is a cheap way to track gold. i have no faith in silver but a lot of faith in super criminal government and inflation. if dollar tanks gold rises and it’ll drag Ag, kicking and screaming in protest, with it.
@QualitySilverBullion
As i am typing this spot price is $19.70 AUD, i have just purchased 10 X 1oz Kookaburra Coins for $25.50 AUD, Which is a 22% Premium, having said this an Australian Bullion Dealer is Selling them for an Average of $29 AUD a Coin, I Consider myself lucky because i can source them a little cheaper then most Bullion Dealers advertise them for.
Either way im happy with my purchases as they come in a coin case straight out of the mint, to help keep them in Prime condition
@PraviBosanac A 22% premium is pretty high in my opinion, but then again I don’t know the market very well in Australia. Glad you are pleased with the purchase!
@QualitySilverBullion What is the average premium for the American Silver Coins? i.e Silver eagles.
Keeping in mind the Kookaburra coins come individually encapsulated, so they keep in mint condition from my knowledge the American silver eagles do not.
@QualitySilverBullion
Gov’t has no such “right” to recall
- though a lack of legal basis has never stopped them before.
“Legal tender” coinage does not mean gov’t ownership.
Though sometimes the gov likes to assume ownership.
Constitutionally, money belongs to the people.
Problematic with legal tender laws.
Gov likes the current lack of clarity and public ignorance.
If they clearly said, “it’s ours” then who would want to keep their wealth in it?
YES..silver is silver .If it has .999 pure of fine stamped on it then it doesnt matter where its from or what it says.If you dont like the design or its not youre style,just go on ebay and buy a ingot mold and crucible and make your own bullion.Good luck everyone
Hey, I’m in Peru and I’m trying to buy Silver here from some local sellers as making silver jewellery is a big industry here. I can get the highest quality silver made into bars but I would like to know if this is going to serve me in the event of the coming financial collapse, will it be recognised for its value compared to minted silver coins?
@pokermon919
Certification is good for A coin or small set for investing and trading. Stacking silver for wealth storage calls for generic bullion. Why build a premium stack when you can get a generic stack. If the time ever comes to liquidate or melt down, you will get below spot whether it be Perth Mint, U.S. Mint, or Private Mint. Water is water and silver is silver.
That might be true in the very distant future, but in this video ppl are melting their tarnished and circulated Silver Eagles for a generic round. Thats a big no no. QSB rounds are very nice though.
Silver is silver. But I love historical silver. Dont get me wrong, I am not a collector for numismatics. But I love old silver. And would hate to see something like old coins destroyed for something new. I love history. And so therefor, old silver is more than silver to me. Even though non numis graded coins arnt worth more than the silver content. The historical value to ME is worth something. Heres an idea. You should make a silver round, with the old Seated Liberty design. I would buy those!
Hi Mate,
Loved the video,
I think silver is silver to some extent, i personally buy the Australian Perth Mint Kookaburra 1oz Coins as they are well recognised even internationally, another aspect is that they are known for their quality and lack of counterfeits.
When it comes to the day where i need to sell the Silver away, i need to know it will be recognised internationally and that it is well known amongst Silver stacker’s and the like.
Lemme know what you think?
PraviBosanac
Hi
Silver is Silver
But i prefer Australian Perth Mint 1oz Kookaburra coins as they are well recognised and known internationally.
As far as i know there is no Counterfeits of the Perth Mint Coins.
When it comes down to the day when i need to part with my silver i like to know that it will be easy to sell due to reputation of the coin.
Lemme know what you think
PraviBosanac
@PraviBosanac I think you hit the nail on the head when you visualize being able to liquidate your silver when you buy it. I think everyone should do exactly the same when buying silver.
What kind of premiums do you pay on the perth mint products?
i have a lot of silver maples. too much premium. silver’s for traders, a paper game. i expect it to get dumped down huge in a few months. within ten years i’d hope it gets to 25 but may sit in another 20 year coma at 12. silver sucks but is a cheap way to track gold. i have no faith in silver but a lot of faith in super criminal government and inflation. if dollar tanks gold rises and it’ll drag Ag, kicking and screaming in protest, with it.
@QualitySilverBullion
As i am typing this spot price is $19.70 AUD, i have just purchased 10 X 1oz Kookaburra Coins for $25.50 AUD, Which is a 22% Premium, having said this an Australian Bullion Dealer is Selling them for an Average of $29 AUD a Coin, I Consider myself lucky because i can source them a little cheaper then most Bullion Dealers advertise them for.
Either way im happy with my purchases as they come in a coin case straight out of the mint, to help keep them in Prime condition
@PraviBosanac A 22% premium is pretty high in my opinion, but then again I don’t know the market very well in Australia. Glad you are pleased with the purchase!
@QualitySilverBullion What is the average premium for the American Silver Coins? i.e Silver eagles.
Keeping in mind the Kookaburra coins come individually encapsulated, so they keep in mint condition from my knowledge the American silver eagles do not.
did you keep any 1996 you found?
@QualitySilverBullion
Gov’t has no such “right” to recall
- though a lack of legal basis has never stopped them before.
“Legal tender” coinage does not mean gov’t ownership.
Though sometimes the gov likes to assume ownership.
Constitutionally, money belongs to the people.
Problematic with legal tender laws.
Gov likes the current lack of clarity and public ignorance.
If they clearly said, “it’s ours” then who would want to keep their wealth in it?
Nice informative video (and the host is super cute, wow) , I just started collecting Silver Eagles.
YES..silver is silver .If it has .999 pure of fine stamped on it then it doesnt matter where its from or what it says.If you dont like the design or its not youre style,just go on ebay and buy a ingot mold and crucible and make your own bullion.Good luck everyone
Are you able to reclaim the gold from the plated coins?
@PraviBosanac i could kookaburra coins for 23 us you got ripped off
Thanks for the vid, i plan on investing in silver.
Hey, I’m in Peru and I’m trying to buy Silver here from some local sellers as making silver jewellery is a big industry here. I can get the highest quality silver made into bars but I would like to know if this is going to serve me in the event of the coming financial collapse, will it be recognised for its value compared to minted silver coins?
@pokermon919
Certification is good for A coin or small set for investing and trading. Stacking silver for wealth storage calls for generic bullion. Why build a premium stack when you can get a generic stack. If the time ever comes to liquidate or melt down, you will get below spot whether it be Perth Mint, U.S. Mint, or Private Mint. Water is water and silver is silver.
@andrewrosso
The Perth has high premiums but I would and do pay it simply for show. Its looks better than any jewelry I ever seen.
@Anothercoilgun
That might be true in the very distant future, but in this video ppl are melting their tarnished and circulated Silver Eagles for a generic round. Thats a big no no. QSB rounds are very nice though.
Lulz. Silver maples are purer.
I checked your web site. Cool. I like the Indian Head round, thinking of purchasing.
Silver is silver. But I love historical silver. Dont get me wrong, I am not a collector for numismatics. But I love old silver. And would hate to see something like old coins destroyed for something new. I love history. And so therefor, old silver is more than silver to me. Even though non numis graded coins arnt worth more than the silver content. The historical value to ME is worth something. Heres an idea. You should make a silver round, with the old Seated Liberty design. I would buy those!
Can you melt Walking libery coins? i believe they are 90% silver and look similar to this coin.
What did u melt the silver into? I was looking forward to see what you melt it into and yet you did not show it….
Do you melt Morgan Silver Dollars into new rounds? What do you do with the Copper?
I would never melt a coin in good shape