I’m 25 years old, and recently I decided that I needed a hobby. So I came up with the idea to start a coin collection. I’ve been buying U.S. Silver Dollar Eagles (some slabbed some not), old Morgan Dollars, and 90% pre 1964 silver coins (junk silver).
I’ve been going to all of the local coin shops trying to find a dealer that I can trust. Well, today I went to a coin shop that I had never been to before. He gave free appraisals, so I decided to stop in to see what he thought of my collection so far. I explained to him that I was relatively new at this. Upon looking at my coins, he said that I had been overcharged because basically all of my coins were only worth melt value. It was very discouraging.
My question is; what coins should I buy in order to have a collection that I can be proud of? a collection that will hold it’s value? A collection that one day will be profitable?
Should I only buy slabbed coins? which ones? What silver coins should I buy? what gold coins should I buy? He said that I didn’t have any "special" coins? what did that mean?
Here is what I have managed to buy in one month:
slabbed 1986 Silver Eagle MS69
2008 Silver Eagle
1oz silver bullion bar
1 oz silver philharmonic 2008
1902-o Morgan Silver Dollar VG
1902 Morgan Silver Dollar VF
1901 Morgan Silver Dollar F
3oz of pre 1964 90% junk silver
1913 Type1 Buffaloe Nickle
1905 5 piece cent
Can somebody please help guide me in the right direction! Tell me what I should be looking for, and what I should be buying?
Thank You
Are there any books that you would recommend?
The most important thing you can know about silver is where to buy it safely, easily and at a good price. It can be quite hard to find silver in the UK at a good price as VAT (Value Added Tax) is applied to them which adds 17.5% onto the cost. Since CI Silver Bullion is based in the Channel Islands it is VAT free as long at the item is under a value of £18 – so they just send them out individually. Lately I’ve been buying most of my silver at CI Silver Bullion – no I don’t work for them. I just think they’re a great company so I want to recommend them to any silver buyers in the UK or Europe. They sell one ounce coins, rounds and bars including well known ones such as American Eagles, Canadian Maples and Mexican Libertads as well as a wide selection from private mints. Most items coin in small resealable plastic bags however some do come in coin capsules/plastic wallets. Delivery tends to take a 3-5 days (it has to go through customs which delays delivery) and I have never had any problems. Delivery within the UK is also free – which is nice. Visit CI Silver Bullion at www.silvercoinsbullion.co.uk (Please note silvernotpaper is in no way affiliated with CI Silver Bullion. Also prices may have gone up since this video was made and/or their selection may have changed.)
I’m starting to put a few dollars of my income into silver bullion and i have a few questions.
Are silver rounds better to buy than silver bars?
When does a person sell their silver?
What places around the house can you store your bullion (hidding spot)?
What’s the best amount with the least premium (1 ,5 ,10 ,50 , 100 oz)?
