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ColonelMustard

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    Ireland

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    Europe
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    Stacker

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  1. Thanks for your well wishes! The vast majority of my silver holdings were purchased between 14-17 USD per ounce so it's only willingness to accept cost averaging that allows me to consider buying at current prices. I've seen countless internet nay-sayers who bought into silver at $50 back in 1980 or 2011 and are still waiting to get their investment back into the black which puts the current spot price into better perspective. Additionally, as the spot price and actual in-your-hand price continue to drift apart, it would seem that the spot price itself is no longer a meaningful indicator of value. Thanks for putting these coins on my radar but are they really so easily accessible? No European dealer I've seen offers face value junk silver bags like the big North American outfits. (My choices are limited further by having a moral objection to forking over an extortionate 20% VAT!) Are the European circulated silver coins you mentioned primarily available via Ebay, the trading forums here, or local coin shops? I really like the idea of a diversified portfolio so see the value in products from a variety of mints and of varying sizes. In the European context, only silver coins make sense as even Estonia charges VAT for silver bars and rounds. Amongst coins, the two or ten ounce options from the Royal Mint and the Aussie kilo coins all cost more per ounce than a standard one ounce coin but with less liquidity at resale. These 1/4 ounce Britannias are also more per ounce but with three times the minting fees for the same amount of metal it doesn't strike me as too egregious. To my mind, they occupy an interesting niche in the middle ground between circulated junk silver and the traditional one ounce bullion coin.
  2. Thanks for your comments! There was certainly a quarter ounce Britannia released in 2014 produced with silver recovered from the wreck of the SS Gairsoppa. Indeed, there was that special edition 1/4 ounce Britannia minted as a one-time commemorative but it seems more of a numismatic piece than bullion. The current release is nearly identical except for an updated portrait and no text on the sides of the coin. (Also, I don't think this coin has the new security features seen on the 2021 1oz Britannia.) I have to tell you there are not such things as sovereign 1oz coins, so I hope you haven't been buying any non-existent coins. 33% premium reasonable - not totally unreasonable, but why pay so much for bullion? I meant sovereign in the general sense of being issued by a government mint, not the Royal Mint's specific Sovereign gold coin. As for justifying the cost, that's why I came to seek some perspectives here. In my mind the smaller size could fill the niche left vacant by the lack of easy access to junk silver and in the current environment, I think the increased premium would be recouped on resale. Additionally, if indeed there's a sliver of a chance the value of silver does actually "go to the moon", owning smaller increments than one ounce could prove advantageous. I am just curious, but why stack silver and worry about the premiums on it, when the premiums on gold are much lower? What are you hoping to achive with your stacking? I try to maintain a balanced stack of all four precious metals in specific percentages and this go-around is simply silver's turn come around again. I'm not particularly worried about the premiums per se but was trying to suss out if an extra ~2.50€ per ounce for fractional coins is worth it versus the standard one ounce coin. As for what I'm hoping to achieve, it's multi-faceted: long-term savings, SHTF insurance, accumulation of intergenerational wealth, and, last but not least, collecting shiny things is fun!
  3. Greetings all - longtime lurker, first-time poster. I've been stacking silver since 2015 and initially favored 100oz RCM bars but lately have added a variety of sovereign 1oz coins. I've recently become enamoured with the notion of further diversifying my holdings with fractional silver coins. Though I seriously considered importing junk silver from the US, a 17% premium plus the extra cost and hassle of shipping to Europe left me unwilling to pull the trigger. In exploring other avenues, I've come across a newly minted 1/4 ounce silver Britannia which, when bought in bulk, can be had at ~33% premium compared to ~22% over spot for a standard tube of 1oz Britannias. A few points upon which I seek your collective counsel: - Is there a compelling rationale for owning fractional silver versus 1oz coins or larger bars? - Do you find the 33% premium reasonable compared to the 22% required to get a 1oz coin? - Would you consider this 1/4 ounce Britannia an approximate stand-in for junk silver in one's precious metals portfolio? - Does anyone have any specific reviews of the coin itself? (2021 is the first year of issue and it doesn't seem to have gotten much traction in the stacker community as of yet.) - Anything and everything you might have to say on this issue. Thanks in advance for your advice and expertise!
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