Dean100

15 minutes ago, KDave said:

I found I had more luck if buying by weight - occasionally you get an auction for pre-1920's silver and it usually bids to spot plus a premium depending on whats in the pictures.

Something I found was that I had my maximum bid price based on spot silver, but then the coins when weighed would be worn to the point that I had paid much higher premiums for the weight of silver, if that makes sense. That is why I gave it up in the end and bought bullion for weight, but I kept the crown collection going.

I'd only buy pre 1947 at spot or below as the coins I buy are worn, I do have a 1 oz 2020 Britannia  and a 2oz canada coin with george v on. May get more in the future if the price is right. Never took them out of capsules so shouldn't tarnish much I hope.

2 minutes ago, KDave said:

When I first started I bought a decent weight of 'scrap' silver 2014-2015, I bought the tubes to keep them, kept a spreadsheet working out how much each coin was worth as scrap and what my maximum bids should be (premium I was willing to pay). It was very fun but getting a good deal was few and far between. In the end it turned into a sterling silver crown collection and I sold the rest, did alright and made a little profit from them. 

Its not a bad way to stack silver if you can find the coins for low enough premium. 

Edit to add - I only bought .925 sterling silver coins nothing after 1919.

Yes 

Not had loads of luck getting cheap pre 1920 coins, managed a while back to get 30 pre 1920 silver threepences not too bad I guess

1 minute ago, tallthinkev said:

For complete scrap, it's not too bad at all. In fact that is 'rip their arm off time' it's under spot.

Thanks alright then, been buying very worn coins more florins than anything,  managed to get loads of worn  sixpences 3 for £1 

On 26/04/2020 at 08:35, tallthinkev said:

Half Crowns, stacked over 120, 50% so far. Some you can get lucky with as they can count as numismatic, meaning a few quid extra.

Is £2.50 per scrap  half crown and £1.85 per florin too much?

4 hours ago, Russell said:

The spot price is moving that is what I am referring to.  I just posted on the deals thread that I bought a 1kg casting bar of silver from Baird in London 3 weeks ago for a total including VAT and delivery for £496.  This morning I did a fake buy for the same bar and it is now £530.  Same with junk silver pre 1947 are 0.5 % silver if spot moves up to twice its posiiton now then it is all relative 🙂

Do you think silver prices will increase in the years to come let's say 5 years?

17 hours ago, Russell said:

Good luck getting them for spot price I have paid over spot on Ebay but demand is getting hot.   I keep mine in a zip bag that came with one tranche I bought from Ebay.   I am in the UK so I am buying pre 1947 Crowns/half crowns, Florins/two shillings, shillings, sixpenses and threepences.  The rules I go by are:

1/ I look at the sellers feedback, it must be 100% positive, must have mainly dealt in silver and especially pre 1947

2/ I take a price I am aiming for and establish a target and divide it by the weight (grams).  I do not go over that price and my aim is always to average down my main price per gram.

e.g.  someone is selling 800g and the price is already up to £209 (including postage!) So 20900 / 800 =  26.125‬p per gram.  This is a no buy for me as my total stack of pre 1947 coins is at 24.5p per gram.

3/  If a coin seems expensive and says something like "rare" I look to see if there are other bidders for it.  If there are a few bidders for it then it gives me confidence that the coin is indeed worth the money.  In other words I don't have the knowledge and experience in coins as I do in guitars so I am relying on other peoples expertise.

4/  As soon as I buy I do the weight magnet and ping test and satisfaied with that then add that weight to my stack and work out the new average price per gram

Thanks for the message,  very helpful. I also seen 800g of pre 1947 sell on ebay the other day for £265 I wouldn't spend that much but it just shows you people on ebay will pay whatever. 

1 minute ago, SilverPirate007 said:

Be careful sir

Its mainly from the same guy, I make sure I weigh them and test them, dont know where else to get them from at spot price

2 minutes ago, SilverPirate007 said:

Where are you buying them from?

Buying off ebay

1 minute ago, SilverPirate007 said:

Absolutely!

Thanks, how do you store your  pre 1947 coins?

1 hour ago, Russell said:

I am a new stacker and still working towards my target of 200oz I am 2/3 there.  I did not anticipate that I would fall in love with pre1947 coins.  I thought I would have trouble resisting pretty coins like my painted eagles but I swiftly started stacking a lot of junk silver but not pre 1920, for some reason I love the pre 1947 over everything else.  Although I have started buying more tubes of coins got a few more orders in at Baird now that my 1kg bar has been delivered 🙂

Is it worth buying pre 1947 scrap condition coins if you can get them under spot?

5 minutes ago, tallthinkev said:

In one word, no. Try some plastic pipe from places like B and Q, or roll them up in cling film. I just use a padded A4 enevlope

Okay thanks 

5 hours ago, tallthinkev said:

Half Crowns, stacked over 120, 50% so far. Some you can get lucky with as they can count as numismatic, meaning a few quid extra.

Do you know where you can get coin tubes for the pre 1947 coins? They take up loads of room without them

Is it worth stacking  .500 silver coins if you can get them at spot or should you stick with .999 silver