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If you currently don't have silver coins, should you buy some now?

The answer is yes.

But not for the reason you might expect.

Silver is severely under priced at the moment, and all of the talk about silver shortages is basically bullshit. There is no sustainable shortage of real silver at this time, hence the price. Silver is now in surplus. There are reductions in refined silver bullion output of new coins and bars, but not enough to radically alter the price.

This is not why you should buy the silver coins.

The powers that be - Aka central banking globalists - are moving on our personal bank accounts - and introducing new digital currency systems, with associated cash control systems. They are moving for complete control over the access to your money. They will also be looking to completely phase out cash.

We have seen the tyranny of restricting our access to communications and freedom of speech. Now they want to restrict our access to our own wealth. This system, just as the other, will of course be abused just as soon as it is operational.

This is where silver coins come in. On the street, a silver one ounce coin will always retain a trading value. These coins may become the default black market currency under the new financial regime. They will become the only real cash available, and we will always have a need for money, especially with our black markets.

You can get 50 coins right now for roughly $1000. A one troy ounce, 0.999 silver coin, of nearly any vintage, is basically interchangeable for any other. At the current price - between $20 to $25 each, they are already at a bargain basement price. You are not buying them as an investment. You hold them against currency collapse, or an attempt to take the system cashless and shut us out of our own economy.

They are insurance.

Put them in a sock and hide them under your bed. Don't keep them in a bank or other institution.

If you currently don't have silver coins, should you buy some now? The answer is yes. But not for the reason you might expect. Silver is severely under priced at the moment, and all of the talk about silver shortages is basically bullshit. There is no sustainable shortage of real silver at this time, hence the price. Silver is now in surplus. There are reductions in refined silver bullion output of new coins and bars, but not enough to radically alter the price. This is not why you should buy the silver coins. The powers that be - Aka central banking globalists - are moving on our personal bank accounts - and introducing new digital currency systems, with associated cash control systems. They are moving for complete control over the access to your money. They will also be looking to completely phase out cash. We have seen the tyranny of restricting our access to communications and freedom of speech. Now they want to restrict our access to our own wealth. This system, just as the other, will of course be abused just as soon as it is operational. This is where silver coins come in. On the street, a silver one ounce coin will always retain a trading value. These coins may become the default black market currency under the new financial regime. They will become the only real cash available, and we will always have a need for money, especially with our black markets. You can get 50 coins right now for roughly $1000. A one troy ounce, 0.999 silver coin, of nearly any vintage, is basically interchangeable for any other. At the current price - between $20 to $25 each, they are already at a bargain basement price. You are not buying them as an investment. You hold them against currency collapse, or an attempt to take the system cashless and shut us out of our own economy. They are insurance. Put them in a sock and hide them under your bed. Don't keep them in a bank or other institution.

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[–] • 1 pt

For someone who has never purchased silver, how do you go about learning enough to not get scammed?

[–] • 2 pts

I got into it when COVID tanked metals in March/April. If I wasn't so broke at the time I would have purchased WAYYYY more. It's not that complicated if you keep it simple.

For all PM products there are only 2 variables that determine value/cost. There is SPOT and PREMIUM. Spot is that raw metal value, if you melt it down how much X do you have. And premium is the extra on top of that. If you have a melted blob of silver and the same weight in a nice new shinny silver eagle. The eagle has "artistic" value over the blob and so it has a premium value above it's spot price. The blob should never have a premium and only the bare spot value. I bought capsules for all my coins, and avoided touching them because finger prints leave oils that will create imperfections. I'm not putting them in a sealed inert gas container at -40f. But I want them to remain and clean and new as possible to retain their premium value. But I have some which I do not protect also.

Also with PMs, if it's a round disk like a coin there are COINS and there are ROUNDS. A coin is made by government banks and is legal currency. While rounds are not and are usually made by very reputable companies all the way down to backyard hobbyists who melt down scrap silver or gold. Coins should have a higher premium than rounds. Coins also are treated at face value when crossing the border. I flew with over €10k in PM recently but I had it all counted out and the face value was something stupid low like a few hundred €. They tried to make a fuss but eventually the older supervisor knew what was up. That's because they were all COINS and not ROUNDS or BARS.

You can buy them online. If you find a good local dealer it's probably best. If you can get a relationship with them and know the market values you should get a better deal locally. For the rest of us there are some good online dealers which are blowing up on popularity.

Provident Metals and SDBullion are both good choices. They'll come by mail in discreet packages, I never buy more than 500.00 or so at a time so the packages are small and innocuous.

[–] • 1 pt

Thank you.

Would you mind sharing which online dealer you like most?

[–] • 1 pt

Provident Metals and SDBullion are both good choices. They'll come by mail in discreet packages, I never buy more than 500.00 or so at a time so the packages are small and innocuous.

[–] • 1 pt

You need to deal with a reputable dealer. Internet discussion is usually best for checking out those nearest to you.

At $20 an ounce, there's simply not a lot of incentive for silver scammers, although it has occurred in the past. It's just not really profitable. When it does happen it is usually the larger bars. Fake gold is much much more common among scammers.

I usually stick to national mint coins from reputable dealers - like maple leaf bullion coins from the Canadian mint authorized distributors. However, with silver especially, there are many private bullion coin mints out there making their own 1 ounce silver rounds and bars of equal quality to that of any of the national mints.

Reputable dealers have a lot to lose should their reputation become tarnished, which is so easy to happen in our internet era. That means if you do have a problem, they will usually make it right. With these guys, silver is usually the bottom tier asset they handle anyways. The big money is in gold, platinum, etc. You don't trade that hard earned reputation for some lowly fake silver profits.

[–] • 1 pt

Ok thank you. So just search for an authorized dealer.

Buy in smallest coins possible for increased trade potential?

I never considered buying it because I can't eat it. But your idea is sound in needing an alternative currency when they take the bank access. So thank you, again.

[–] • 1 pt

You can buy silver in all different sizes and shapes, but the one troy ounce coin is the most common international silver bullion minted product. After that it is probably the large silver bars.

The one troy ounce coin is the rough equivalent to the original Spanish piece of eight silver ounce coin in 1700's use as a global trading currency. The original US dollar was first issued against this currency. That's why the original quarter dollar was also known as two bits = one quarter of eight bits. This was done to give the US dollar legitimacy as an international trading currency. The US dollar could be exchanged at the mint for one ounce of silver bullion, on demand.

You can buy the coins individually. However, tubes, (or sleeves,) of 25 coins are very popular, as are boxes containing multiple tubes of coins. As with anything else, quantity earns a small discount on your per unit price, not to mention your per unit shipping costs.

.999 refers to the purity of the silver. Some mints refine silver coins with other metals mixed in. So you can get say .997, or .500. The Kennedy half dollars were .500 silver I believe, (50% silver.)

I stick to bullion coins, and .999 fine purity. This is the best you can get and is the most common modern standard.

Numismatic coins are a different animal entirely. They are minted with a dollar denomination stamped on the coin - so it has a numerical dollar value on it's face as well as a metal content value. Numismatic coins, theoretically, are for use as coinage in the general day to day economy. Their metal content is often mixed with other metals, like steel, aluminum, nickel, or copper, even tin. The idea is to improve their durability. These are the coins that coin collectors commonly buy and trade. Like stamp collectors collect stamps. Many numismatic coins go from production straight to the collectors, which also happens in the stamp world.

The numismatic coin's value tends to increase over time, especially with limited production runs. However, the value also degrades with the loss of fineness of the coin over time, and numismatic coin trades are usually taxable.

Bullion, on the other hand, is simply just metal. The fineness is important, and quality of appearance is nice, but bullion coins generate no collector premium values unless they are very old and very rare, like old Roman coins, or recovered Spanish treasure bullion. Bullion is often tax exempt for purchasing and trading, including across many borders, (but certainly not all.) Bullion trading is very heavily regulated in India, for example.

With bullion coins, what you are paying for is the metal itself. With the right equipment, you could melt down a silver Canadian .999 maple leaf bullion coin, and forge an American .999 silver eagle coin. They have the same metal content, and usually sell for a similar price..