non-numismatic collectible,
average circulation,
silver coins,
in bulk
Maybe you should consider getting a ton more lead. If your neighbors find out you have gold and no lead, you will end up with no gold and possibly worse
Brass and lead will be the only precious metals for a while. And things you can barter with will be more valuable than gold.
Have a nice long talk with yourself
as to if you do buy them,
what do you think you are going to do with them???
-
...pass them to your descendants???
...barter with them???
...sell them later for more than you paid for them???
-
...don’t forget the buying “premium”...
...and the selling “premium”...
Coins are minted by a gvmt and have a face value
Rounds are round also but are made by private mints
Bars are like rounds except not round
If you’re just looking to stock up on silver, I’d recommend staying away from Silver Eagles. The premium on those hover around $15-19 over the spot price of silver.
If you’re looking to buy a lot of silver, the larger bars are the best bang for your buck. Lower premiums the more troy ounces in the bar.
Yes, that is a fact. Only government issued metal discs denominated in the native currency of that government should be called coins. Metal disks not issued by a government are called rounds.Rounds and bars are also called “generic(s).
As to which flavor one should accumulate should you wish to gather up silver, I think silver bugs should buy 5 or 10 or a dozen or 20 silver eagles because they are beautiful coins and everyone should have some. As to whether you should buy only Eagles, That is not what I have done.
The reason being, they are simply a lot more expensive. For most people, once they get the novelty of buying silvbro out of their system, most people gravitate to generics, whether one ounce Or 10 oz Bars.
The reason I like this approach is, in the scenario you bring up, suppose you. Want? To buy a car, and the seller wants 400 oz of silver. Would you rather pay him in generics, or in the more expensive silver eagles? That is an obvious question. From that viewpoint, having generics actually protects the value of your silver eagle.
Right now, the premiums on silver are very high, indicating a lot of newbies are getting into this market.
Coins because they are readily identifiable.
I guess it depends on how you intend to use them, and what the exchange rate for those goods would be. Smaller “denomination” would be best if you need to buy food with them, assuming people would part with food at any price. Though with the right tools you could be like an 1849er and slice pieces off of silver and gold bars and weigh them out. Going back 1000s of years, from Rome to the Ottomans, people were known to shave a little off their coins too :-) So you could scam a few people who don’t have the old fashioned balance scale.
Others probably mentioned, however, you will have to be careful about where they are stashed and be prepared to defend them. In a less than total SHTF scenario, think about the old west or any of those zombie shows. You’ll have to find and protect your metals, barter for them, and be prepared to shoot someone in the saloon. You’ll need to be able to hunt for food and maybe team up with trusted compatriots to ward off other tribes.
SHTF bookmark.
If SHTF, silver will only be worth spot price per ounce...or whatever you negotiate selling it. I think it is better than gold, because it is much cheaper easier to trade by the ounce.
BTW...buying government minted silver coins from the government is a ripoff...you will spend many times the spot price for plain silver.
For 30 years I’ve been of the opinion that investing in 9mm is one of the keys to future purchasing power, happiness, & security...
Gold was a great buy in the late 1990s and early 2000s when it was around $250 an ounce...
The next best investment item in the late 1990s was joining FreeRepublic...
9mm, gold, FreeRepublic: Screw the communists bastards...
You are more likely to accidentally spend a round or coin than a bar. I have both. Have not tried to trade with either at this point. I have been buying Canadian mint coins because of the higher face value and the stamped 99.9% silver content. US Mint is good too.
US Silver eagles are the best choice, IMHO. When buying or selling silver, it’s easy to fall prey to counterfeiters, however, there is a substantial cost to counterfeiting eagles. Generally, bullion dealers have any sales, or purchases, assayed before doing so. With US Eagles, they are simply traded at about a 10% premium to the cost of silver. It’s like insurance.
I have to agree with many others here. In a SHTF situation, ammunition will be the best currency.
Once you have a decent hoard of ammo, food. You need at least one growing season of food to give the situation time to even out and new food time to grow. You can carry enough ammo for bartering without others being able to detect it. .22lr, .223, 9x19mm, 38/357, and 45ACP will all be in demand. You can protect your food and buy more with the ammo.