Silverware vs. Bullion

[DTL1982]

I buy govt issued silver coins (both bullion and old circulated) as do most on here. In addition to being a store of wealth, they can often be beautiful to look at as part of a collection. I would say I’m a collector more so than a stacker in that sense. I’m not prepping for Armageddon; I just enjoy the beauty of silver coins (and gold of course) and enjoy collecting them. The fact that they hold some intrinsic value in the form of precious metals is important as they will always be worth SOMETHING even if it’s just spot price. Other “collectibles” often wind up being worthless after a fad dies down but coins are an exception. 
 

That said, I’m curious as to why sterling flatware doesn’t get more love from the overall silver community. I realize it’s only .925 fine but it is still sellable (often times close to spot and sometimes more for desirable patterns). Also, it’s practical. It’s something that can be used and enjoyed everyday so there is the usage value of it as well. All our flatware is sterling and we use it daily, put it in the dishwater, etc. So even if I needed to sell some of it years from now and only got spot for it, I was using and enjoying it for possibly decades as well. 
 

With the extremely high premiums on many silver coins, I was thinking about this lately. Preowned silverware can often be found with less premiums than coinage/govt bullion and you get the added value of being able to use it. We all needs forks and spoons after all. 

Edited June 13, 2023 by DTL1982

[Mobius]

I would always choose silver flatware/Holloware over bullion coins or bars, if I can find it at the right price (and there's no VAT).

If I was in the market for a kilo of silver I'd buy a large Victorian salver👍

Edited June 13, 2023 by Mobius

[FriedrichVonHayek]

34 minutes ago, Mobius said:

I would always choose silver flatware/Holloware over bullion coins or bars, if I can find it at the right price (and there's no VAT).

If I was in the market for a kilo of silver I'd buy a large Victorian salver👍

I think eventually some of the Silver Bullion Stackers will see the light.

If Silver takes off the only thing that matters is how many ounces you have got and not how pure it is or if it has a picture of a Panda or a Kookaburra on it.

[Mobius]

Just had a quick look on eBay and found this;

https://www.ebay.co.uk/itm/Sterling-Silver-Salver-10-Mirrored-Footed-Carr-s-Sheffield-92-Hallmark-539g/404281465172?hash=item5e210d9954:g:PWYAAOSwC5JkWgfF&amdata=enc:AQAIAAAAwFGwPgHBlRu7eX2Hpyojy/h/QV4hQiJqN2qkFusjQqbZM92eXIWZSm1sUIsVjeNU+jwLrZok7y//yNPaPa2v17AWJbXZGtyhuqYBNZxGa5Bm0gGJHlwEyuowMj4t6547K+zyOKnN+y3FjA2BAlm94FeQaCCQSidNAXdXz1t5RmKLS+ivM0XRaQW+08G4ww0iOxxKeeDBQfZEm7eT264jU7yHP7nR163egv1tmga8GX+EHAjXPkzUuFuvR94j9JUIvA==|tkp:Bk9SR5C21u6WYg&pageci=ccdc5b33-c235-4375-81c8-adf56ffa974e&redirect=mobile

Some lucky soul got half a kilo of silver for £274. Cheapest 500gm bar at Atkinsons is £437.

Edited June 13, 2023 by Mobius

[FriedrichVonHayek]

The only Coins I stack are Pre 1947 that can be bought for around spot. 

I also think the argument for buying CGT free Silver Bullion coins is moot, I use the Gold/Silver ratio so my scrap Sterling wouldn't necessarily go up much in price and trigger a Capital gain if the ratio dropped in my favour.

Edited June 13, 2023 by FriedrichVonHayek

[DTL1982]

1 hour ago, FriedrichVonHayek said:

I think eventually some of the Silver Bullion Stackers will see the light.

If Silver takes off the only thing that matters is how many ounces you have got and not how pure it is or if it has a picture of a Panda or a Kookaburra on it.

I do quite like the Pandas and have a few in my collection but again, it’s for collecting rather than thinking they’ll make me rich. 

1 hour ago, Mobius said:

Just had a quick look on eBay and found this;

https://www.ebay.co.uk/itm/Sterling-Silver-Salver-10-Mirrored-Footed-Carr-s-Sheffield-92-Hallmark-539g/404281465172?hash=item5e210d9954:g:PWYAAOSwC5JkWgfF&amdata=enc:AQAIAAAAwFGwPgHBlRu7eX2Hpyojy/h/QV4hQiJqN2qkFusjQqbZM92eXIWZSm1sUIsVjeNU+jwLrZok7y//yNPaPa2v17AWJbXZGtyhuqYBNZxGa5Bm0gGJHlwEyuowMj4t6547K+zyOKnN+y3FjA2BAlm94FeQaCCQSidNAXdXz1t5RmKLS+ivM0XRaQW+08G4ww0iOxxKeeDBQfZEm7eT264jU7yHP7nR163egv1tmga8GX+EHAjXPkzUuFuvR94j9JUIvA==|tkp:Bk9SR5C21u6WYg&pageci=ccdc5b33-c235-4375-81c8-adf56ffa974e&redirect=mobile

Some lucky soul got half a kilo of silver for £274. Cheapest 500gm bar at Atkinsons is £437.

Wow!

[Bigmarc]

19 hours ago, FriedrichVonHayek said:

I also think the argument for buying CGT free Silver Bullion coins is moot

Last year the CGT threshold was £12000. This year £6000 and next year £3000. The way it's going it may become relevant to everyone. 

https://www.thetimes.co.uk/money-mentor/article/guide-capital-gains-tax/

 

[FriedrichVonHayek]

4 minutes ago, Bigmarc said:

Last year the CGT threshold was £12000. This year £6000 and next year £3000. The way it's going it may become relevant to everyone. 

https://www.thetimes.co.uk/money-mentor/article/guide-capital-gains-tax/

 

The Government are determined to keep the Welfare State going as long as possible by taxing the productive to give to the feckless.

CGT coming down and income tax rates frozen until 2028 are designed to extract as much cash as possible from the Workers.