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    United States
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    California, USA
  • Stacker/Collector

My Precious Metals

  • Metals I am interested in
  • I am interested in
    Collectible bullion & Semi Numismatics
  • My current Stack/Collection is mainly
  • What I am collecting / Investing in
  • Whats in my stack/collection
    Bars: 1 oz and 10 oz
    Coins: 1 oz Eagles, Maples, Britannias, Kangaroos, Philharmonics
    2 oz Queen's Beasts
    Rounds: 1 oz Engelhard, Sunshine Minting, various American generic rounds

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  1. Neither, but I like the Lighthouse Ultra Intercept much better than Air-Tites. Air-Tites suck. They're almost impossible to open, especially for men with trim fingernails. People use razor blades, box cutters, and scalpels to open them, all of which is absurdly dangerous. It's so easy to cut yourself when trying to pry open a hard, smooth, and slippery plastic bit with a blade. It's probably the single most dangerous blade work I've observed myself doing at home – the slipperiness and tiny size of the workpiece makes it difficult to make safe without a vise. Opening Air-Tites also di
  2. Hi all – I need a perfect definition of precious metals bullion for a tax reform project I'm working on. What comes to mind when you think of what bullion is, fundamentally, and how you'd define it rigorously? Note that I've sometimes seen people define bullion as exclusively the government minted stuff, or even coins specifically (coins being defined as having a nominal value). I mean bullion in what I understand as the more common definition that includes both government minted and privately minted products. But what is it, precisely? What makes an object "bullion"? Note
  3. Premiums are always crazy for fractional. Silver is too cheap to make fractional sizes economical – even gold has inflated premiums for fractional sizes, but silver is often through the roof. In normal times, according to my data, ¼ ounce silver premiums go as high as 43% in the US. ⅒ ounce premiums can exceed 100%. This is for privately minted rounds – we don't normally see government minted fractional silver coins, and I never heard of those ⅒ ounce Britannias until today. That was all before the pandemic, when premiums on Eagles could go as low as 16% for singles, less for tubes,
  4. But do you mean shut down right now? Or are you talking about some point last year? The only US Mint shutdown I know about was over a year ago. Almost everything shut down at some point last year, so I don't understand the particular importance of mints shutting down. They wouldn't have considered bullion production an "essential" service or product, so they behaved the same as most businesses.
  5. Problem: They didn't. The claim about the US Mint appears to be false. The only shutdown I'm aware of is the Mexican Mint. I'm not aware of any shutdown of the Royal Canadian Mint. I have no idea about an Australian shutdown, other than buzz about Perth and their allocated or pooled accounts or whatever. Is Perth production shut down? If so, what about RAM, the Royal Australian Mint in Canberra? Australia has two mints, not just Perth. The best measure of shortages is availability and price. By that measure, your conspiracy theory collapses. At SD Bullion, one of the best and lowest
  6. Disagree. It's common for folks to get out a scale or calipers when buying at a shop. Though realistically you're unlikely to ever receive fakes from reputable dealers. As far as testing, there are some other options. One is the Fisch, a nifty tool that measures both the dimensions of the coin and its weight at the same time. The weight is measured specifically matching that particular coin – the tool only works for some of the major coins, like Eagles. It uses a balance to give a yes or no on the coin, rather than being a scale with numbers. You'll have to check it out to understand how
  7. What's all this talk about the US Mint being shut down? Did I miss a news story? I'm not aware of any shutdown. They shut down West Point briefly last year, but they ended up making twice as many Eagles as they did in 2019 anyway. Why are people saying the US Mint is shut down right now?
  8. I don't think there's much brand differentiation for scales at this point. I bought mine on Amazon for $15.00 and it works great. The brand is some random Chinese firm that doesn't exist anymore apparently. The scales that measure hundredths of a gram are typically 50 or 100 gram scales, so that's what you're looking for. They will either be billed as "food scales" or "jewelers scales". I would go for the latter if there's a choice between the two. Mine came with a calibration weight, which is handy. That will tell you how off your scale is. If you want a higher end scale, look at sc
  9. CoinWeek and Coin World are good sources for US and Canadian mints, production, new releases, etc. There isn't much mystery for the US Mint. They've been producing Silver Eagles like mad, 30 million ounces in 2020, double what they did in 2019. They'll probably exceed 40 million in 2021. I'm surprised that they had enough silver to ramp up that much, even with the brief shutdown. They're legally required to source only American silver I think, like from Sunshine Minting in Idaho, one of their major suppliers of silver blanks. So there's not a supply shortage for them. I don't un
  10. It's probably a mistake to buy anything right now. Buy low, sell high. Don't buy high. Also, the premiums for retail silver bullion are terrible, making the "high" even higher. Silver isn't usually a good investment compared to other investments. If you thought silver was going to climb soon, it would make more sense to buy allocated or paper, since you can actually realize any profits from such a climb if it happens. If you buy retail bullion, the current premiums will destroy any potential profit unless silver climbs a lot, like more than 40%. I made money last year with OneGold, antici
  11. Ziploc bags don't contain PVC. They're made of Low Density Polyethylene (LDPE) and Linear LDPE. So they should be fine.
  12. Note that Britannia silver is 958 fine, not 985 as someone said above. Silver spot price stipulates 999 fine silver. Well, at least that's what COMEX's silver contact stipulates: https://www.cmegroup.com/trading/metals/precious/silver_contract_specifications.html Note that "silver spot price" is an interesting thing, abstraction, metric. I posted last year asking where people were getting their spot price, and I don't think anyone actually knew. I didn't mean which website – I meant which market, like where exactly, whose spot price were they using. Even the owner of this site didn't
  13. His numbers were inflation adjusted. Silver used to be less than a dollar an ounce in unadjusted dollars. It's not undervalued. It's just not as valuable as some people wish it was.
  14. Depends on the year of the coin, as far as how much I'd expect it to have "lived" out in the big bad world. Also, there are usually photos, so I would know in advance. If there are no photos, like if buying pre-owned coins from a big online dealer like SD Bullion or JM Bullion, then I know it's just random stuff they've bought from other individuals, so I have no expectations in those cases (like coins promoted as "Random Year"). I'd care more about scratches than milk spots. I suppose it's because milk spots can't be avoided – it's not like they did anything to cause them. We normal
  15. @Richym99 Well, receiving the silver from dealers in a capsule isn't actually an option, at least not without an upcharge for the capsule. I've never heard of a dealer throwing in a capsule for free, though I wouldn't be surprised if they did that for extremely expensive items like an ounce of gold. I prefer the packaging you received over the alternative, which is an unsealed flip. If you haven't seen flips, they're open plastic sleeves. They're open by design, permanently – there's no way to seal them without melting the edge or applying tape or glue. My first few ounces of silver
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