Shiny New Bullion or Old silver.

[Gary5566]

Should I save up for Nice new coins (that always have massive Premiums whenever I look) or keep going to my local coin shops and buying any random silver of varying purity (as long as it’s a reasonable price)

[Rains]

7 minutes ago, Gary5566 said:

Should I save up for Nice new coins (that always have massive Premiums whenever I look) or keep going to my local coin shops and buying any random silver of varying purity (as long as it’s a reasonable price)

Or buy off here members are great and deals are good i would stick to 999 unless it a piece you really like 

Edited April 11, 2022 by Rains

[Gary5566]

5 minutes ago, Rains said:

Or buy off here members are great and deals are good i would stick to 999 unless it a piece you really like 

That’s a good idea! 
I’m new to this so I’ll keep an eye out now

[Rains]

Just now, Gary5566 said:

That’s a good idea! 
I’m new to this so I’ll keep an eye out now

 Welcome  Gary Its a lot cheaper then the main dealers and you would need a min of silver membership to view the deals that are listed in the first 3 days as you can imagine the good deals go fast 

[James32]

@Rainshas made two excellent points, stick to .999 until you find your feet ( easier to move on in the future without trying to explain the history of coin and purity etc)

The membership will serve you very well and likely pay for itself monthly depending on purchase rate.

This next bit is subjective but in my personal opinion £25/£26 per oz is your top buy price for 1oz coins in the current climate, yes you will see many priced higher due to rarity and imports etc,but until you find your own personal direction,I'd stick to standard bullion. 

[Arganto]

Stacking old currency silver for weight alone can cause issues come resale time, you'll often find that unless you got it cheap realising the same value out as you put in could be problematic. The exceptions appear to be .900 American or .925 British coins which always seem pretty fluid at a "junk" or stacking silver level, ideally close to spot although buying it for that price isn't super common any more. As you're in Germany your domestic market may be different mind you.

Things change when you move into numismatics, but you will then be considering a specific audience and may struggle to sell quickly if that's a priority. It sounds like you're looking at using the metal as a store of value so most likely you're after bullion. I would say get the best deals you can on recognisable products, whether by brand reputation (Royal Mint Britannia, Krugerrand etc) or some other means such as hallmarking. Cost averaging is a method that takes some of the angst out of paying more than you'd like on the odd occasion and as long as you inventory your stuff and balance your costs I wouldn't stress over getting that couple of percent premium better deal when something decent is in front of you.

Just my two pennies worth.

 

[Bigmarc]

I use to work in cologne quite a bit and didn't think the premiums were that bad. What's the price difference between buying from bullion shop and selling in the second hand market there? Because here it's the difference of probably £1 per ounce. As for what is better? Not sure it matters really but someone once said her only buy something with the view of "how do I sell this". My collection is 25% 999 and 75% old silver. My 999 will be sold first.