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Survival and Preparations Long and short term survival and 'prepping'.

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  #1  
Old 05-16-2018, 8:57 AM
harbormaster harbormaster is offline
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Default Review of Silver coin - don't recommend

https://www.ebay.com/itm/2017-10-oz-....c100012.m1985

A few weeks back I asked about a high dollar value coin. In searching for that I bought one of these. The $50 face value doesn't compete with the 5 ounces of silver .9999 and from the Canadian mint. Still some face value has meaning to me though I gathered from the thread it has little value to others. Still I wanted to review this coin because I don't recommend it.

I don't recommend this coin because its freekin HUGE. What'd I expect - 5 ounces of silver - its not going to be little. Being a prepper I like my bullion to be a SHTF kind of commodity and this massive bugger isn't going to be good for that. Just FYI.
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Old 05-16-2018, 9:08 AM
ef9boy88 ef9boy88 is offline
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The link is to a 10 oz coin. I recommend Provident metals. $20/ oz seems high to me.
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Old 05-17-2018, 4:25 AM
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Bars (including 1oz) usually carry a lower premium (stamped generally lower than poured?), unless you are getting 10oz Scottsdale Stackers (which carry a higher premium).

I understand the big stuff (>1ozt) can be a hard sell, especially when it goes up substantially.
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Old 05-17-2018, 5:23 AM
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My ex Father-in-law collected this type of bullion. In his guest room there were 10-15 of these 5 and 10 ounce coins as well as a number of the 4oz $100 bill replicas. They were neat to look at for about a minute.

I have some silver ASEs and Canadian maples that I give to my daughter when she looses a tooth. She has a leather booty bag full of silver now. When she plays the pirate, she attaches this bag to her belt or wears it around her neck (for about 2 minutes).
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Old 05-19-2018, 8:02 AM
harbormaster harbormaster is offline
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Default Bars...

Just have never been able to feel safe / trust a third party mint. I prefer state minted coins and the Canadians use the best at .9999 while the US and others do just .999. Third party one's I have no idea what they are at in terms of the quality but they have no legal tender value.

My bad I said 5 oz - its a 10 oz coin and its just too damn big for SHTF purposes which is 99% of the reason I buy metals.

Quote:
Originally Posted by the86d View Post
Bars (including 1oz) usually carry a lower premium (stamped generally lower than poured?), unless you are getting 10oz Scottsdale Stackers (which carry a higher premium).

I understand the big stuff (>1ozt) can be a hard sell, especially when it goes up substantially.
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Old 05-19-2018, 9:14 AM
Mr. Beretta Mr. Beretta is offline
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I really never felt comfortable with Bullion (bars, coins, etc.)

I prefer 90% junk silver U.S. coins.

Morgan & Peace dollars plus Kennedy, Franklin or Walking Liberty half dollars.

They're very liquid, readily acceptable and counterfeiting is very low.

IMHO
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Old 05-19-2018, 1:53 PM
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A silver bar kept in the freezer makes a great 'ice pack' when needed.
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Old 05-19-2018, 1:58 PM
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Silver Dollars are fun...
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Old 05-19-2018, 2:45 PM
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I used to get the Scottsdale Stackers. Nice milling job.
Today, if I had the money I would go for pre-1964 coins.
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Old 05-22-2018, 5:51 PM
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You can get Scottsdale Kit Kats and stackers on sale from time to time on Ebay for a very low premium.

I'm actually not sure why people wouldn't trust a third party mint like Scottsdale, Sunshine or Silvertowne... they've been around for years and everyone trades it like money. If they were selling fake silver they would have been busted for it long ago, and it's certainly easy enough to weigh it.
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