Silver Bullion

[Step N. Mud]

Recently got into silver stacking with my son who is 25 and almost like a competition. I had a forced sale of most of my coin collection back around 2008,09 to pay the rent and bills for a few months and lost interest in rebuilding the collection. Glad I had what I had to survive so at least that served its purpose.
Now times are better and the son and I work together in the construction trade and doing very well. My son lives with us and pays rent and insurance and ain't got a girl friend. He has developed a another interest after several other hobbies like blacksmithing, making his own forge and metal working.
So now both of us are watching silver spot prices and setting goals for silver bullion stacking. I'm more for stacking Silver Eagles and generic 1 oz rounds and he is keying in on the lowest premium over spot prices. Sometimes we split the cost to get the best price on whats on Sale. Anyway, it's been fun just to see him doing something that could benefit him in someway down the road. I can't help but think I should buy a bag of 90% silver like half dollars or silver dollars just to enjoy the last of American silver coinage.

 

[Kanewpadle]

Nice that you have something you both enjoy. But why?

Silver does nothing for you in the short term. It just sits there waiting for the market to turn. Usually when there's a recession. But who knows when that will be?

If it's a hobby you both enjoy then more power to you. But if you're hoping to make money, there are better investments.

 

[Step N. Mud]

My past investments were Honky Tonking and didn't pan out all that well.

 

[THE PILGRIM]

I Love the Silver Rounds!
My fav is the Buffalo and the Indian.

 

[Golddollar]

Anyway, it's been fun just to see him doing something that could benefit him in someway down the road. I can't help but think I should buy a bag of 90% silver like half dollars or silver dollars just to enjoy the last of American silver coinage.

I think the Morgan silver dollars are one of the most beautiful coins ever made.

I tell everybody that my practice of paying tips and bar bills with the Golden Dollar coins is in my blood, literally. My late mother loved coins. The history of her family talks about how when her father's family moved from Schuylkill County, PA (county seat Pottsville, PA, home of Yuengling beer) to outside of Punxsutawney, PA back in the 1830's they bought their new farms with silver money carried in bushel baskets, supposedly hidden under the vegetables.

 

[STCM(SW)]

The best I have are Morgan silver dollars.
Lots of pre 1964 silver coins but not what I would call collectable.
My problem is who would want such metal? You can't eat it, burn it or anything else.....

 

[BAM-BAM]

I inherited a couple dozen commemorative silver coins, along with some junk silver and a 1/10oz gold coin my Grandfather held on to in the 1930s from my Dad.

About 20 years ago I started giving/adding "dated" Silver Eagles as part of gifts for birthdays, Christmas,anniversaries and Weddings..... over the years extras have added up.

My view is Silver is just another "arrow in my quiver".....just like my water filter and stash of .223..... probably never need any of them ... but hey.... doesn't hurt to have the option.

 

[redlevel]

Nice that you have something you both enjoy. But why?

Silver does nothing for you in the short term. It just sits there waiting for the market to turn. Usually when there's a recession. But who knows when that will be?

If it's a hobby you both enjoy then more power to you. But if you're hoping to make money, there are better investments.

You know what?
One could say exactly the same thing about "accumulating " S&W revolvers.

 

[THE PILGRIM]

Oh man!
I hope you guys don't take off on other things, like maybe Knives.
Then there are my hammers.
A few ago I saw my SIL doing some work with a marginable hammer.
So I gave him 2 hammers.
He says, can you spare 2 hammers?
I reply, when I'm 2 hammers down, hard to actually miss just 2!

 

[ben_g1]

Silver can go up just as fast as it goes down, even faster.

Whenever JP Morgan decides they have enough physical silver stocked piled ( they are one of the biggest buyers of physical silver) they will send prices higher.

Now is a good time to buy silver if that's your thing. First time I've noticed that premiums have not been raised with the lower price.

 

[pharmer]

Once again, 1981 100 oz. = $760 = 58 shares Walt Disney co. Fast forward, 09/ 2018 100 oz = $1400 = (Buy and hold) 2800 shares Disney (2 4 for 1 and one 3 for one split) = $300,000 @ $112/ share. No further comment. Joe

 

[Step N. Mud]

ENRON was a good deal at one time.

 

[Old Arkansawyer]

Back in the 90's I bought silver dollars for $3.50 each and gold double
eagles for $400.00-$500.00 each. Have since sold all gold at over $2,000.00 each and most silver at $20.00 plus. Kept some collectable
silver dollars and some junk dimes, quarters and half dollars.
Both of these metals are in limited supply and used in many electronic
devices so there is a demand. When comparing stocks of 1980's why
not look at Enron, how much for a share of that today?

 

[Old Arkansawyer]

I'm glad your son is getting into blacksmithing, a very useful talent.

 

[jag312]

When they stopped minting silver coins, my mother started looking through her change to keep any silver coins. After she passed away, I found that she had hidden sacks of silver coins. I have never weighed them, but I estimate about 60 pounds of silver coins.

 

[Step N. Mud]

60 pounds equals 960 oz. and @ 90% silver content would be 864 oz. of silver with current spot silver price of $14.24, might be $12,303.36 would be a tidy some.

Wanna sell a few pounds?

 

[chaparrito]

I make my own bouillon. Free range chicken...

 

[chaparrito]

But seriously. My father in law passed a couple of years ago. He was a well known Native American silversmith. We ended up with all of his workshop and I have been slowly going through all his tools and work stuff and so far have a pickle bucket with about 8 lbs of sterling scrap. There's at least twice as much more to be sorted through. A little 18K sheet gold here and there too. I think I checked the spot price on scrap a few months ago and it was about $11.

 

[e3mrk]

I found a great place to find silver at the grocery store.They have a coin machine that you dump your coins in and it gives you a slip to take to the office for paper money,The thing is the machine rejects foreign and silver coins and most people never look in the coin return. I have about twenty dollars in silver coins I found there and a lot of foreign coins also that are silver so next time you go to the store check the coins return in the machine and maybe you will find the coin that lets you retire.

 

[Auburn4]

If you buy Auto/Home/Life insurance, why not Gold/Silver? There is no sure thing.