British pre1947 Circulated Silver

[Arbkev]

Hi all

Is it worth having the above in your stack if you can pick it up at spot or below.

I know "junk silver" is popular in the states, but is it easy to sell on in the uk and what sort of percentage of spot could you expect to sell it for.

Thanks

Arbkev

[Fadeingstar]

I think it changes hands for almost spot value to be honest. I am no expert though as I don't own any.

[Tjhooker]

I've been dabbling in buying pre 1947 silver. I've been getting it at spot + postage for a bigger lot. I do only have part of my silver in it but I (personally) would only work out its value versus scrap weight when it comes to it.  Not an expert though 

[Arbkev]

Thanks for the replies 

[Peterheat]

I've got a few hundred grams and I find them great to look at as you can actually hold them without worrying about damaging them I just see them as a fractional silver not sure how easy they would be to shift though I might put some on here today as an experiment but they usually sell for around half of spot per gram as they are 50% silver but if they are nice ones you can get more like the rocking horse crown that definitely fetches a premium with it the same with the gothic Victoria too 

[greendragon]

I started to collect a few

then i realised that half silver took up twice as much room!

silver takes a large amount of room as it is, so 925 and above only for me now

hope you have a very large safe?

[Arbkev]

8 minutes ago, Peterheat said:

I've got a few hundred grams and I find them great to look at as you can actually hold them without worrying about damaging them I just see them as a fractional silver not sure how easy they would be to shift though I might put some on here today as an experiment but they usually sell for around half of spot per gram as they are 50% silver but if they are nice ones you can get more like the rocking horse crown that definitely fetches a premium with it the same with the gothic Victoria too 

Nice coin

7 minutes ago, greendragon said:

I started to collect a few

then i realised that half silver took up twice as much room!

silver takes a large amount of room as it is, so 925 and above only for me now

hope you have a very large safe?

I won't be buying much but I'd like a few ounces as I like the history of the circulated coins. 

[Peterheat]

11 minutes ago, greendragon said:

I started to collect a few

then i realised that half silver took up twice as much room!

silver takes a large amount of room as it is, so 925 and above only for me now

hope you have a very large safe?

Yeah your right there they do take up some room but we can always afford to be buying bigger shiny silver so these allow you to buy close to spot if not below in some cases 

[Peterheat]

10 minutes ago, Arbkev said:

Nice coin

I won't be buying much but I'd like a few ounces as I like the history of the circulated coins. 

Always good to have a few of them just so your stack is varied eh but you can't beat a nice bar eh 

[Arbkev]

@Peterheat I'd love a nice chunky bar, my stack is mainly 1oz coins with a small collection of @StBeesSilver 1 and 2oz bars. I think a 10oz bar is next on the list

[Silverman1985]

I am a big fan but appears most people care little for it, hence its price only really going over spot for rare dates or where condition is very good. 

[Peterheat]

39 minutes ago, Silverman1985 said:

I am a big fan but appears most people care little for it, hence its price only really going over spot for rare dates or where condition is very good. 

I find them pretty cheap to get hold of not tried selling much yet though maybe I'll have a go and see how the market is with a small amount first eh 

[Murph]

Selling to dealers usually results in prices well below spot.  Maybe with the latest price increases it might do a little better.  I do have a few kilos but have usually paid well below spot when spot was much lower than it is now.