British Silver: .500 or .925?

[Carpe Diem]

Anyone here picking up old British coinage either pre 1947 (.500 silver) or Pre 1920 (.925)?  

 

I've got a bit and think it's a great way to reduce your average silver price (in addition to being able to hold a bit of history which I like), but I've not seen much chat on here about it.

 

HawkHybrid - I saw on a recent thread you mention junk silver which prompted this post so I'd be interested to hear your story about the old British stuff you've been collecting.

 

 

[garthy]

I've purchased a few from ebay, the first were .500 but I try to stick to the .925 threepence, I have about 100, someone on here mentioned they may be a great bargaining tool in the future if you believe in the demise of the dollar/pound.

[Ares]

It is tempting to keep checking eBay and see if any can be picked up roughly for spot.

[HawkHybrid]

sterling silver is preferred/more valued.

 

threepence are a little small for my liking.(I own 2)

 

they are a widely recognised silver content item so can potentially be re-used as currency

should shtf scenario. they are great value for their silver content but I don't include them

in my £/oz just as I don't include silver gifts. I consider shillings and florins the best. I plan

to get a few more scottish shillings whenever I can, as if scotland goes independent it would

add more historical value to these coins.(great for story telling)

 

bargain silver buckets available sometimes at coin fairs/markets are lots of fun cos you just

don't know what you'll find.(found a gothic florin in one, rated maybe a bit off almost fine )

they are priced at or very close to melt but can be a little dirty and you need to know a little

about the coins to make sure you pick out genuine silver coins (I don't think they purposely

put none silver ones in there though) tip is if you see our queen on an old circulating coin then

it won't have silver content.

 

HH

[johnno]

What are the best junk silver coins to buy

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[Keithoil]

I do hold some pre 1947 and 1920 coins but as HH stated I do not add them to my silver £/oz. I have about 2lbs in total ish.

 

I tend to get mine from eBay as when I have seen them at boot fairs they tend to be over priced.

 

I would just look at pre 1947 (.5% silver) or as stated previously Pre 1920 (92.5%) silver. These are for UK coins.

[HawkHybrid]

 

(excuse my poor quality phone camera,)

 

the coins in bargain bins are likely to be more worn than others that

are selling individually. It would have cost me 50% or more above melt

for those similar to the coins pictured, if bought individually. I normally

look for older coins and ones that have just missed the entry level of

collectable grade, of course those that look interesting and/or have

character are always welcome.(note that collectable grade allows for

more wear on older/rarer coins)

 

HH

[Carpe Diem]

Keith and HH why don't you both add the pre 47/20 silver to your calculations for average £/toz value?  Is it because those coins, due to their condition, are only worth spot, whereas others have a premium and so you want to be consistent?

[HawkHybrid]

my £/oz help me to gauge when to buy and maybe what to buy.

it's also useful if I need to quote someone a price when selling

1 oz coins. junk silver skews the results and is traded differently.

I also don't include the £20 coins as I see it as simply a £20 note

in coin form.

 

HH 

[Keithoil]

I am exactly the same as HH, I do not add them as I see them as surplus type coins. I started to enter them into my spreadsheet then stopped.

 

I also do not add in my £20 coins of which I have 12.

[HighlandTiger]

I have three columns on my spreadsheet. 

 

1. Silver Bullion 0.999

2. Other Silver 0.500 - 0.925

3. Total Silver 0.500 - 0.999

 

I can then keep an eye on everything