Best Silver Coins To Buy

What Is The Best Silver To Own?

My favorite type of silver would be the 90% silver dimes. Why? Because, in the event of an economic collapse, it would be the best form of silver to own in my opinion; people may not be taking silver bullion right away, so even the 1/10 ounce rounds you may find feasible for economic collapse. People may not recognize those right away, but they will recognize your 90% silver. So, the reason I like the dimes is because if you go to spend them for goods or services, you will get less fiat currency back as change. You won’t have to worry about spending a one-ounce round if it was $250.00 and all you need is maybe $10.00 or $15.00 worth of goods or services. So, if you have your silver dimes, you can get a lot closer to the actual cost so you don’t have to worry about, like I said, the fiat currency coming back to you as change and you’d be out of metal.

I like them because you can get a descent bit of silver for around spot price, and I’ve got most of these under spot versus your 1/10 ounce rounds; they carry a pretty hefty premium sometimes. If you’re trying to find cheaper forms of silver – because remember, silver is silver – go with the 90% dimes. And don’t just buy from the first place you find either. I mean, I’ve seen sites that are selling these right now for over $115.00 a roll, plus shipping. That’s just ridiculous; you can beat that price on eBay. Shop around some of your forums or shop around on eBay – you might find a deal here and there. But go to your forums, you can check out bullionstacker.com.

Not a Fan of the Bigger Silver Bars

I had a 10-ounce bar of silver and I traded it for three rolls of dimes. I advise you go with one-ounce or smaller. If you want to hold a couple of 10-ounce bars or so, that’s fine. It’s not really going to hurt you. But I wouldn’t put a big chunk of my silver into 10-ounce bars; and I would definitely stay away from the 100-ounce bars, because when the price does skyrocket, you may have a hard time getting rid of them. All you’ll end up with is a nice, shiny 100-ounce door stop, and that’s no good. So, just stick with your one-ounce and smaller. I think you’ll be a lot better off. That way, when the time comes and you do need to spend them, you won’t have to worry about the fee fiat case back is changed. I also believe that they may not be accepting silver right away; it depends on how bad things go. But when fiat currency becomes so hyper-inflated that it becomes almost worthless you may need to sell some of your coins, either by going to a dealer, a forum or even on eBay. Just get the cash and then go buy your goods and services.

Buying off Silver Forums

If you have a dealer close to you, then that would probably be your best bet because you will get the money in hand. Otherwise, if you don’t need the money that fast – but you do have an upcoming purchase – then go to one of your forums. I’ve bought some silver off of forums; I’ve traded and everything. Just be sure to look at the person’s feedback. The one I deal with – bullionstacker.com – they’ve got a feedback system like that of eBay. They just say, “This person’s done 10 transactions and are a 100% –” or whatever the case maybe, so that’s a pretty good person to deal with. They’ve dealt with others, so, if you’ve got any doubts, just ask them for their phone number and give them a call. I always advise that you write down the person’s information that you sell to or buy from. That way, you can build you up a pipeline – kind of like a little black book. If you do this and you ever need to buy again, then you’ll know this person has whatever item you may be interested in. Or if you need to sell and you know that person bought from you before, maybe they will buy again. And the best people to keep track of are those you traded with. You may want to do another trade in the future and you know that that person will be more likely to trade with you.

Your forums are always a good place to go to buy your dimes. That would be the best bet for economic collapse, or even when silver prices skyrocket and there is no collapse. They’ll be easier to sell, because people will be looking for the small weights. They might not be able to afford, let’s say, $250.00 for an ounce of silver, so you can sell them a mercury dime. So, always buy your small weights. They’ll come in handy in the future; and if you don’t believe that a lot of people are getting out of the larger weights, go to that link bullionstacker.com and just browse around. You’ll see a lot of people in there. With gold and silver both, those who buy the 100 ounce bars end up trading or selling for a fraction of what they bought them for. I’ve seen guys try to trade 100-ounce for 90% silver. I mean, it’s a wise thing to do is to get your fractionals. Like I said, they’ll come in very handy when everything hits the fan.

More Reasons To Stay Way From BIG Silver Bars

If you ever need to get away from where you’re at, it would be a lot easier to grab some small gold coins, if you’ve got any, or some 90% silver than it is to have to grab a bunch of 100-ounce bars and move those around. If you have a family, you’ll all have to walk to wherever you’re going; but if you have small coins then you can split them up. You can share the load with everyone carrying what they can. Now, if all you have is a 100-ounce bar, then your STUCK carrying a 100-ounce bar!!  So, I would just advise that you stay away from the large stuff. The 100-ounce bars are not bringing in as much money per ounce as your one-ounce rounds.

Should You Buy American Silver Eagle’s?

Those that say, “Oh, in an economic collapse, all you want is the American Silver Eagle.” Well, I don’t believe that a tiny bit – for the simple fact that – even if we would get all the Silver Eagles ever minted and bring them back to the United States (because a lot of them are overseas and in different places) there’s still not enough of them for each person in America to own one.

So, if they say that all they want is the Silver Eagle, don’t believe that. I mean, buy what you like, but I would not put my money out there on the government rounds and pay that high premium because they’re all going to go to the melting pot. I don’t care if you’ve got generic round with a frog(ph) or a gold on it, or if you’ve got a Silver Eagle, Canadian Maple, or Philharmonic. Whatever it may be, it’s all going to get melted. When the industry wants it, they’re going to get it and they’re not going to care whatsoever; they’re going to melt it down into thousand ounce bars and then whatever they want to make out of them. That’s what they’ll do because silver is in everything – from your cell phones, your camcorders, your laptop, computers. It’s in everything. The application of plywood, the windshield in your car, silver is in just about everything.

So, when the industry needs it, they’re going to get it and they’re not going to care what’s on it. It’s all going to go in the same melting pot and they’ll make their products. So, that’s why I would advise buying your cheapest forms of silver. Why do I like the 90%? Because it’s cheaper. You’ll pay a lot less premium for it. So, would you want to put an extra $2.00 or $3.00 an ounce there, then when you go to sell it, that’s $2.00 to $3.00 extra that you could have put toward generics and added more ounce weight? So, I would just stay away from the government stuff. I know I’ll probably get a lot of slack from people out there for saying this, but I would stay away from the government stuff. If you like it, fine, stay with what you like. But like I said, why would you want to put extra money out there if you really don’t have to just for a certain design. Silver is silver, it’s all the same.

Years of Silver Coins

The 90% silver coins are from 1964 and earlier, your dimes, your quarters, your halves, silver dollars. I’d also like to bring up the 35% war nickels – those were only minted from the years ’42 to ’45. You will notice those easily because on the reverse side where it’s got the Monticello (the building on the back) right above that would be the mint mark, PDRS. That lets you know that you’ve got a 35% war nickel. Other than that, your coins are 90% silver and that’s what I would advise.

How Many Silver Coins Should I Own?

If anybody is wondering how many dimes you should get for the economic collapse, that’s kind of a hard question for me to answer. But my personal goal, not to say that I’m going to quit once I reach this goal, would be 1000 dimes which would be twenty rolls.

Half Ounce Silver Coins

Now, maybe you already own enough silver dimes, nickels and quarters. I would then focus on owning Half oz silver coins because it will complete your fiat portfolio. This is what I’m currently focused on acquiring. I really like Ed’s silver snowball program for the sole purpose of being able to get silver under spot price. Now Don’t take me wrong here.. I’m not saying this is for everyone. I just like the convenience of having half ounce silver coins shipped to my home.

Conclusion

I’m not a finical advisor nor do I claim to be one. Buy what you can afford. I know a lot of you have families out there, so you can’t put all of your money into it. Buy whatever you can afford each pay day, put it in the cheapest form of silver and you won’t go wrong. I don’t know anybody that’s ever really lost money in silver. Don’t expect to be able to buy it on a Monday and sell it on a Tuesday, it just doesn’t work that way. This is for long term.

If you want to sell any silver anywhere, I wouldn’t advise selling anything right now. But if you had to, then I would sell maybe a 10-ounce bar if you have one; or if you really need the cash, you can sell just one-ounce rounds. But at all cost, try your best to keep your 90% silver. That way, you’ll be protected in the economic collapse. I’m not saying it’s going to happen, but it’s best to be prepared. So, I would just advise getting all the silver dimes or half ounce coins you can afford and get them at the best price possible. I think you’ll feel a lot safer. And you’ll be able to sleep a lot better at night, knowing that you’re protected.

Got any question or comments, feel free to leave me one below.

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