Need bit of advice

[K_theepan]

I just started with collecting or Stacking and need bit of advice 

 

So my Question is guys where i should concentrate on quantity or quality.

I like coins more bar.

Should i stacking gold silver what ever i get cheap or should i collect more proof coins and rare ones .

I spending all my spare money in the past in coins i have a staff budget to afford buying Coins.

Iam not looking to make money in couple of year, I want some thing as return in 10 or 20 Years.

I have spend more than a month in advance reading and one thing i learned is no point  to save up Money 

I hope you can give me some advice guys 

 

 

 

 

http://en.wikipedia.org/wiki/Pound_sterling

[Clens92]

 

I just started with collecting or Stacking and need bit of advice 

 

So my Question is guys where i should concentrate on quantity or quality.

I like coins more bar.

Should i stacking gold silver what ever i get cheap or should i collect more proof coins and rare ones .

I spending all my spare money in the past in coins i have a staff budget to afford buying Coins.

Iam not looking to make money in couple of year, I want some thing as return in 10 or 20 Years.

I have spend more than a month in advance reading and one thing i learned is no point  to save up Money 

I hope you can give me some advice guys 

 

 

 

 

http://en.wikipedia.org/wiki/Pound_sterlingmoney.jpg

 

 

You should make the distinction between stacking and collecting.  If you are stacking, I suggest you buy gold / silver for the lowest prices you can find - not worrying so much about condition / rarity etc.  If you are collecting - which may offer the prospects of better overall returns due to collector value for certain coins etc, then you should be more discerning with what you buy.

 

I guess another aspect must be your reason for stacking.  Silver is volatile; silver forums are generally biased - predicting massive increases in price.  It could just as easily go to £5/oz - the markets are educated guesswork, and often not all that educated.  If you're stacking against currency devaluation, you should probably concentrate on gold - it holds its value more consistently.

 

It seems you can afford to take some risks - maybe a combination of building a decent sized 'bullion-grade' stack coupled with some diversification into coins / rounds with more collector value may be a good strategy for medium / long term returns.

 

Silver is speculation; gold is insurance.  Good luck

[Pipers]

Ask yourself what is your exit strategy, selling to a dealer or selling to other collectors.

 

Even if you are stacking there are different bullion coins to collect. Believe me they do turn up at good prices but not always in good condition. 

 

 As a Gold to Silver ratio a good starting point is  20 silver to 1 Gold coin ratio.

 

You will get lots of different answers on this forum because most have different strategies and we all think we are right (well we would wouldn't we).

 

Don't fall into the trap from the RM of the nice box, if you go down the Gold proof coin path checkout the secondary market first to see if this is for you.  The silver proof market is different with some coins from Perth going for daft money here again there are a couple of avid collectors on this forum If you do become a collector you must know all mintages each year otherwise you may over pay and you may let a rare coin go by with out knowing how rare it is.

[SilverPirate]

I also think it depends on your exit strategy. If you have a core stack of generic rounds and government coins if the spot price climbs to a point where can make a profit after sales expenses and you want to dump it all quick you can. 

If you are looking for a slow sale of your metals, a drip feed of income in your retirement say, i would look at the Perth products,Panda's all those type of things.that creep up in value.

As a core stack i would have sovereigns.

[motorbikez]

You are going to get dozens of conflicting opinions here .You could do a bit of both I'm probably 80% collectable coins with a very heavy bias towards silver proofs and rarer coins. I am a collector and I buy the coins I do because I like them. I am not really interested in gold coins I buy them now and again as something I could dump at spot if needed.

 

If you start down the proof silver coins route buy the best you can afford  and unless you particularly like coloured or privy coins avoid them. You won't really go wrong buying Lunar proofs 1 &2 Perth mint & Royal mint as there is a good market in both. There are many other proof series as well just look at what you like.

[ArthGoch]

Reference the collecting; just a footnote that might help.

 

Even the richest man in the world has a budget, and when money is an object it might be best to remember never go back but always go forward.

 

Chasing back date of coins means that you inevitably starting paying more. Although in some cases this might be due to a low mintage, it is just as much a case of the general supply and demand. This year’s coins flood the market, last years are a little less easier to find, and the year before that less again; and so on and so on.

 

 If your buget allows or improves and you want to start date runs of coins, start with this year’s coin and work back one year at a time as well as buying subsequent years.  Try to be disciplined to buying the preceding year from the last coin that you have and continue from there. Harder said than done; ( I’m as guilty as the next man,) but it does mean that you can build a date run with both volume and quality and not paying over the odds.

 

One final thing – enjoy it! When the time comes that you open up a parcel of coins/rounds/bars etc and it does not give you something akin to that Xmas buzz that you had when you were a kid it is time to quit collecting. You then need to cross over to the dark side and take up bullion stacking and get your orgasmic kicks by drooling over your spreadsheet and the one hundredth of a penny that your average has reduced by due to your last purchase. Such feelings should be suitably accompanied by Scrooge like hand wringing and mutterings of ‘only another 1000 oz to go’ broadcasted to all and sundry.  

 

That said; there is a bit of the child and the miser in us all – enjoy!

 

[K_theepan]

Thank You guys for all your answer.

Like always in life the is not The  One solution for the question.

I was thinking about it for a while and my plan is 80% collectable coins 

and 20 % coins which i can dump if money needed , we never know what life bring and is good have coins you can sell quick.

Arthgoch I really enjoy it .I just don't collect this only for Money reason. I love it to wait for parcel and once arrived to open it up at look at them.

I spend  about a hour to look at my collection and read in Internet about it. When I started (was my new  neighbor fault  )my wife thought i gone crazy but once i explained her she understand it.

Once You started i dont think there is a going back lol 

[SilvergunSuperman]

I started off 100% intending to be a stacker interested only in weight and spot price. I soon realised how many different coins were available at similar prices so have ended up with a small varied collection, the idea being that I can build up a good value stack while also keeping it interesting.