Sourcing pre 1920 silver currency

[Richhutcho]

Hello

 

I've started investing in tubes of 10 1oz coins

 

Also looking to stack pre 1920 old currency silver, but having a hard time sourcing it, ebay an obvious site but as you all probably know end up paying over the top, any hints or tips or general pointers in sourcing old silver coins like three pennys etc

[swanky]

26 minutes ago, Richhutcho said:

ebay an obvious site but as you all probably know end up paying over the top

If the market price is consistently above your valuation then you need to reassess your valuation. I buy pre-1920 on ebay frequently, at a premium I am confident of getting when I sell.

Edited December 7, 2021 by swanky

[Richhutcho]

Would love to learn a few people's valuations as a guide to a new buyer. 

[swanky]

1 minute ago, Richhutcho said:

Would love to learn a few people's valuations as a guide to a new buyer. 

In my experience average premiums are:

• Crowns - 90%
• Half-crowns - 50%
• Smaller denominations - 25%

[Richhutcho]

Thank you much appreciated 

[SidS]

I've bought loads of pre-1920 silver on eBay and yes it is always above 'spot' price, but when I've pulled out the better grading stuff and resold the battered/worn stuff, I've always got my money back - minus eBay fees etc. But to be honest, that doesn't bother me because I've kept the mid grade stuff I've acquired.

[Arganto]

The premiums for half decent pre-1920 stuff is often comparable to that of new bullion. If I'm buying anyway I often like to buy old sterling coins, they look great and have been around so long...coins that are a solid EF or thereabouts are usually vastly more insofar as their price against spot, but you're firmly in numismatic territory at that point so it's not really about that for these types of coins.

It is still possible to get low/no premium scrap from this era though, but it's usually true scrap (smooth coins/holes/chewed up).  When it turns up on the forum it is vacuumed up almost instantly.

[Junior]

I’m going to assume that because you live in the U.K., you probably only want to stack British silver coins.

But if you aren’t oppose to other countries’ silver coins, then I would suggest U.S. and Canadian coins. U.S. coins were silver up until 1964 and Canadian coins were silver up until 1967. I only suggest these because they are plentiful and no other reason. And I have a love for the older Canadian silver dollars.