to keep myself from wondering off too far im trying to focus my collection on silver dollars, i.e., morgan dollars. peace dollars, silver eagle dollars. I prefer to collect certified dollars because they are easier to store for me. which is more of a better investment to focus on?
2006-11-19 09:40:38 · 2 answers · asked by curious 1 in Business & Finance ➔ Investing
silver eagle dollars
2006-11-19 11:32:16 · answer #1 · answered by kam_1261 6 · 0⤊ 0⤋
As an experienced coin collector, gold and silver trader, I really recommend staying away from certified silver dollars. This is NOT the best way to make money. If you want to make a return and like storeablility, try 10 oz silver bars. Sure, right now, they are $130, but they offer the greatest benefit of the price of silver. Old dollars don't change in price due to silver rising as much as coin collector demand. Trust me, I've tried. If you really can't afford 10oz bars, then do eagles or rounds as suggested by the previous poster. However, if you can buy bars in quantity, go to www.coloradogold.com. These are some of the greatest prices you'll find, near wholesale. Stott, the dealer will add 1.5% commision when you call. But this will be a great deal. If you can't do this, go to a local coin dealer and buy eagles individually. Get some plastic flips to store them in. Just note that eagles have a typical $2.00 per ounce premium attached to them.
2006-11-19 17:45:35 · answer #2 · answered by Ryan W 2 · 0⤊ 0⤋