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PM bugs: American Silver Eagles, or Generic Silver Rounds?

Just looking to gather thoughts from the crowd. ASEs more expensive but more recognizable (also still 'legal tender'); while generic rounds are more, well, generic, but no less silver.

If you're a post-SHTF merchant, what are your thoughts? Do you trust the ASEs more to the tune of a ~5%-10% premium over generic silver rounds?



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let's say you buy 1000 silver

let's say you buy 1000 silver eagles and your buddy buys 1000 silver rounds. You both decide to sell your silver to a dealer.

The dealer must send in a 1099 form on your buddy to the IRS. His transaction was reported and he has to pay taxes on the gain.

Your transaction is exempt from reporting...

http://goldsilver.com/article/privacy-facts-on-selling-gold-...

You are still supposed to pay taxes on your capital gains, but it's not a reported transaction as silver eagles are exempt.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

robot999's picture

THANKS for sharing this

I did not know it before you posted it.

"Government is the entertainment division of the military-industrial complex". - Frank Zappa

That's if you look at it like

That's if you look at it like an investment rather than money and play the buy-low-sell-high game.

Please come join my forum if you're not a trendy and agree with my points of view.

You'll get

better deals on generic rounds, but they won't be as readily accepted in a SHTF scenario.

US silver eagles, Canadian Maple Leafs, and 'Junk Silver,' 90% U.S. pre-1965 half-dollars, quarters, and dimes IMO are best.

When a true genius appears in the world, you may know him by this sign: that the dunces are all in confederacy against him. ~J. Swift

You can do better than

You can do better than rounds. Those premiums will never increase. You'll get the premium back...and then some...when you sell silver Eagles and other minted coins.

these are the only things I buy...

bags of pre 1965 90% silver US coins, silver eagles, silver maples,kukaburros, silver Chinese pandas, and the silver Canadian wildlife coins (wolf, bear, antelope, moose, cougar, bison).

The premiums on the Canadian wolf and bear have jumped big since they came out in 2011. Buying the Moose at less than $3 over spot is one of the best deals going right now...along with the Chinese Pandas and the new Bison coin coming out in a few weeks (the 6th and final coin in the Canadian Wildlife Series).

http://www.providentmetals.com/2012-canadian-moose-wildlife-...

http://www.providentmetals.com/2013-1-oz-chinese-silver-pand...

http://www.providentmetals.com/2013-canadian-wood-bison-wild...

One other thing very few people know about...

http://goldsilver.com/article/privacy-facts-on-selling-gold-...

When it comes to Eagles, you have more privacy when it comes to your sales being reported. The rounds would have to be reported when you sell and a 1099 generated.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

90% pre 1965 US silver dimes,

90% pre 1965 US silver dimes, quarters, halves,, along with your eagles. buy as amny as yoiu can as fast as you can. By the end of April, silver will be on it's way to 100.00 an ounce.

Why April?

Why April?

Debt ceiling deal probably.

Debt ceiling deal probably.

Southern Agrarian

My main focus is on 90%

My main focus is on 90% silver US coins. I also save to buy rolls of Silver Eagles once in a blue moon. I am trying to get rid of all of my generic silver for stuff that is recognizable as money. I also sort pennies and save all nickels. My take is, if you are going to just buy groceries, what cashier is going to sit there and figure the value and authenticity of some generic piece of silver? Currency silver is unlikely to be counterfeit (small gain, high risk of getting caught) and all they have to do is look at the date, look at the edge, swipe it over a magnet, and maybe let it fall on the counter to hear how it sounds.

Please come join my forum if you're not a trendy and agree with my points of view.

I'd go with what is below,

I'd go with what is below, split them. On a parabolic graph, rounds and silver eagles will have almost equal value the further the economy tanks and at that time you will have made a wise investment in rounds, because 1oz of silver = 1 oz of silver. If the economy is saved from major tanking, Fed abolished, monetary reform, your eagles will be worth more.

Southern Agrarian

When the Treasury finally

When the Treasury finally runs out of readily available silver for good, the premium on Silver Eagles will shoot to the moon. Within the next few years, I'd be willing to bet the Silver Eagle program is suspended.

When they ran out of silver in January, Eagles went from $2.50 over spot to $5 over spot at Apmex and other large dealers. Rounds were still the same price.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

They don't have the silver.

They don't have the silver. The mint buys the blank rounds already made from another party and all they do is stamp them. This is how they mint all coins.

Please come join my forum if you're not a trendy and agree with my points of view.

Sorry...when the MINT runs

Sorry...when the MINT runs out of readily available silver...as they did in January...but this time, for good.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Yeah, their demand spiked big

Yeah, their demand spiked big time. I wonder if every month from here on will be a record-setter.

Please come join my forum if you're not a trendy and agree with my points of view.

I do 50/50 rounds and

I do 50/50 rounds and eagles.I buy half of my silver in eagles because they are easier to sell to local dealers if I need some quick cash.Check with your local dealers,many will not buy third party rounds and also be sure they pay by cash and not a check for tax purposes.Third party rounds can be sold to most online dealers but you will have to pay to ship them and they will send you a check.
So my advice is eagles for short term profit taking if you need the cash,if you don't then keep those too.Rounds mostly for long term savings as insurance from hyperinflation,shtf or dollar collapse.

Having sold some silver the last few years

the dealer I used paid the same for SE's and rounds, spot rounded down to the whole dollar. His view was silver is silver.

In a SHTF scenario I think the same thought would apply.

The only downside is that if the price or barter value was extremely high, counterfeit clad silver rounds could be a problem but as always...buyer beware.

AEs or rounds? Yes.

Or both.
At this point, you are going to get "collecting styles." Both sides have valid point that you seem to be aware of, so now it is which of those arguments resonates with you.
We took the "both" option.

Love or fear? Choose again with every breath.