Would you buy silver coins (0.835 pure) for slightly less the current value of the pure metal content?

Question

Or would it be a mistake, and hard to sell later on? I hope there are some collectors among you =)

Answer 1

True coin collectors collect coins for several reasons, but the silver content is not one of them. Investors buy bags of silver coins and put them away hoping the price will keep going up and up. Remember that when you sell, you will get less than spot value. The middleman needs his cut, plus it cost money to melt the coins and get the pure silver out. It will cost more for your coins, since they are not pure silver. In the long run if silver keeps going up and I don't see a change in that for the near future plus you can afford to tie the money up, you will do okay. It also depends on just how good of a deal you get.

Answer 2

let me see if I understand you correctly...are you saying you want to buy silver coins made prior to 1964 and are going to pay less than the spot price of pure silver but more than the face value of the coin? If that is the case,I can only say only if you are willing to hold onto the coins for a very long time and even then you may never recoup your money. In the early 80s the spot price of silver went up to 50 dollars an ounce and speculators scooped up all the silver coins they could find thinking the price would go through the roof. They got stuck with all those coins when the price went down to 6 dollars an ounce a few years later. The price is going up again ( around 11 dollars an ounce ) but it probably won't get back up to that crazy 50 dollars again. Coin silver is probably not a good investment. If you really want to make money in precious metals you'd need lots of money to invest to begin with and invest in silver and gold futures, not the actual coinage. The actual metal market is just too volatile for the average investor. Sorry.

Answer 3

I have a ton of them suckers. Mostly I just like looking at old coins and remembering when I was young and all coins were like that. As for selling, that is the problem my heirs will have to sort out. All my money is in savingsbonds (so they have to sign about a thousands to get their money), gold and silver coins of various types.

Answer 4

For the percentage of silver in there, the only thing they'd be good for metalwise is reticulation (complicatied process that makes a nifty texture), and the area of a silver coin isn't big enough to really do much with. Now, if they were fine silver, that would be one heck of deal.