Sybilla

14 hours ago, Centauri167 said:

Your welcome and if you are looking for a shop to buy, check out: www.goldsilver.be for the lowest prices on silver and gold.

They are cheap, but the reviews are bad... I never saw a webshop with so many customer complaints before.

22 hours ago, Centauri167 said:

As you are from Holland, check this site from a store in Belgium: ( which I will never buy from but it gives a good idea which coins to buy or not )

https://www.europesegoudstandaard.be/nl/inkoop-goud-en-zilver?field_edelmetaalcategorie_inkoop_tid=46

 

The worst coin to buy is the American Silver Eagle, you got the same amount for it as a Kangaroo or Philharmonic ...

Thank you, that is very helpful

5 hours ago, LemmyMcGregor said:

I have done the maths with Sovereigns for obvious reasons, being UK based they are common and they're useful when it comes to capital gains, this said, yeah, any coin with a low premium is good. But do make your own research, write stuff down, play with excel, I'm just a newbie myself

I already have a bunch of Google Sheets  
I am just going to add gold to them too now. I looked into silver because everyone is talking about the gold/silver ratio being favorable for silver. I guess I shouldn't have overlooked gold.

4 hours ago, LemmyMcGregor said:

No idea on Silver, had some discussions on the bigger bars, but for a beginner stacker I don't really see the point of getting a kilo of silver which you can use for training in the garden when the same money can buy you a double Sovereign that you can hide in the cookie jar.

On the topic, just got a couple of 2022 quarter sovereign, in the future I'll stick to full and halves, but I really wanted a couple of 2022 quarters as in the long run they might appreciate due the Jubilee design and could consider selling them a few years down the line as a set with a half and a full one, anyway, they're hilariously small.

The Sovereigns are difficult to find in my country, but I assume the gold coin with lowest premium will do?

I started to read more about gold as well. 

1 hour ago, FourNinesFine said:

Welcome.

I remember my first purchase very well. That feeling of being like a child on Christmas morning, unwrapping something shiny, special; while simultaneously feeling all grown up... making investment decisions and spending my money 'sensibly'.

Have a good look around the forum, there's plenty to help new stackers. Special mention for the threads that detail different members' thoughts on the merits of gold over silver and vice versa.  Concepts such as 'VAT', 'CGT', 'premiums', 'liquidity' etc. It helped me a lot and was a good early grounding in the world of PMs. One example:

 

 

FNF.

That is a very intestering topic! Thank you for sharing it with me. 

You are also the first one to share his first experience with buying silver. The whole market seems a little bit overwhelming to me. There are so many things to learn still. 

16 hours ago, LittleMan said:

I think these guys will give you spot for silver coins.

https://www.bullionbypost.co.uk/sell-to-us/

But as others have said you could get better prices selling on here, or even on ebay after fees. Even if you wanted to unload in a hurry.

Regarding what coins are worth the premium. I think the Pert mint stuff is, not because of future re-sell, but because the quality is good and none of my perth coins have any milk spots or other issues.

I like the Congo Silverbacks too, good packaging and quality.

 

 

You just taught me about milk spots being a thing 😅
I came across perth mint a lot. I have to say I am not a huge fan of the lunar serie though.

7 minutes ago, Gordy said:

Where are you looking to sell? as no silver should be sold under spot unless its to a pawnbroker 

All local silver and gold shops, coin shops and even a few online coin shops (in the Netherlands and Germany) only seem to purchase coins slightly under spot. I have been making a lot of inquiries everywhere 😅

The shops do seem to offer worse prices than collectors though. From what I see here on the forum, people pay a much more realistic price.

22 minutes ago, stefffana said:

Hi, Sybilla!

It is very difficult to predict how your silver will sell in the future and how much from the premium you have paid will be recovered when you will sell. It is a lottery.

All of us been fascinated about shiny and beautiful coins and all of us have overpaid at beginning for first ounces of silver.

All of us have learned quick that stacking silver and collecting coins are two different leagues.

Stacking is accumulating for weight at the best price possible, collecting is paying sometimes high premium for our pleasure and/or vanity. 

My advice is to start accumulating first looking at the best price possible, and in time, after gaining more experience in coins and precious metals you can start buying what do you like.

Keep an eye on Buy/Sell UK section. Because it is the most active section on forum, you will check and learn very quick about the real market prices for silver bars and coins. You will see that the correct priced coins will sell in minutes and others will not sell. You will see also in real time the real demand for silver.

Good luck in your journey!🤗

Stefan.

 

Thank you Stefan! That is very helpful advice  

I have been researching silver coin prices for multiple brands for a few days now. To me it seems that some silver coins are worth a higher premium, because they will likely also sell above spot price. 

Maple leafs, Brittania, Philharmoniks seem to have the best deal, because these coins have the lowest premiums... However when I look at selling these coins, they always go below spot price. Which is the case for most silver of course. These brands give me the impression that it is just a matter of stacking them en selling them when the price of silver goes up.

I also came across a few others brands which seem to be worth a higher premium, because they are more desirable or part of a collection. For example Kookaburra. A lot of people seem to collect every year of this coin. Older years of this coin seem to sell for an even larger premium.

Please keep in mind that I am very new (I might be completely wrong) and I researched the prices in my country, which might differentiate from the prices in other countries. However what I would like to know... Which silver coin (brands) could possible be a better investment and are worth a higher premium, because they will likely also sell for a higher price.

Thank you all for the warm welcomes

Hi everyone! 

I am very new, but also very enthusiast about all the new things I am learning. I am mostly gathering information at this point and thinking about what I want to do for my first purchase. Does anyone here remember the thrill of their first purchase? Feel free to share stories! 

I would really enjoy finding some people to talk to, I hope I came to the right place for that