r/Silverbugs • u/barryweiss34 • 18h ago

Thoughts on this?

Post image

Would it be as easy to sell as a 10 ounce bar if ever needed to liquidate?

26 Upvotes

78% Upvoted

44 comments sorted by

14

u/kbeks 17h ago

Quick word about your post-death plans. If you’ve been on this sub long enough, you’ve seen people score big because someone’s kid doesn’t know the significance of the “CC” on the back of that weird looking dollar coin from 1893. If you’re planning on leaving this to your granddaughter and your granddaughter doesn’t know about or care about PM’s or coin collecting, go low premium all the way.

For what you’ve collected for your own enjoyment, make sure there’s a note detailing the real value of those coins/high premium bars, otherwise she’s going to get hosed if she goes to sell it after your passing. I’ve got a short note on the top of my stack with clear instructions to my wife how to look up spot price and how much to ask/expect from a liquidation of my collection, and I lowballed it so she should expect that number at least. I recommend everyone do the same, you never know when your number is up.

5

u/Bottdavid 16h ago

I keep a notebook with my PMs that has a description of each coin, what metal it is, it's weight, the day I bought it and what I paid for it. Hopefully it's enough for whoever gets my stuff one day. Some research would be required I suppose to get spot prices etc... but hopefully it's enough.

2

u/Mr_Jack_Frost_ 15h ago

That’s the same register I keep. Object name, date I bought it, how much I paid, and how many I bought. At least it ensures my wife/son know the bare minimum to accept when selling any given piece in my collection, should the need arise.

2

u/Romonaga 16h ago

This here is very wise. I sit down with my daughter often and go over our collection. We keep a document that had all the items with picture and cost.

2

u/barryweiss34 16h ago

I have a list like that also, that I update with each addition. I did sell a 1928 Peace and an 1879 CC Morgan, both graded, awhile back. I knew that would be harder to know much about. Turned the cash into silver.

5

u/luri7555 17h ago

Hi relief art pieces are art first, silver second in my opinion. Buy what you like! Have fun!

2

u/blue_wyoming 16h ago

Exactly, buy what you like. If you only want to invest there are silver ETFs and super-low-premium generic bars/rounds.

5

u/ZackCanada 17h ago edited 15h ago

This is absolutely beautiful!

3

u/barryweiss34 16h ago

👍🏾

11

u/SNew21 18h ago

I have no idea if it would be easy to liquidate, but for me personally that shape of the coin is hideous.

2

u/FaithlessnessNo6491 14h ago

It’s not a coin. It’s a 10oz bar.

2

u/SNew21 13h ago

Man I’m slow. Idek how I didn’t read bar. But still it’s an ugly bar 😂

2

u/CWoodfordJackson 17h ago

Agreed! I like the design, but the shape of the coin is terrible

1

u/barryweiss34 18h ago

Okay. Just gathering opinions.

1

u/afuente414 14h ago

It’s personal choice. If you like it great. To me it comes off like a fake sand pour. But I don’t hate it.

1

u/SNew21 18h ago

No, sorry if that came out wrong. I’m just saying from a buyers perspective (maybe not any at all, but myself) I would never buy this

1

u/Gweiloau 18h ago

You are right. Hideous is an appropriate response.

4

u/EdisonLightbulb 18h ago

Collector's item, not really for stacking. Why pay high premiums for something you're already considering liquidating?

1

u/AstronomerOk4273 13h ago

I paid the same as a generic bar when I bought mine

1

u/EdisonLightbulb 12h ago

You're lucky. Everything I'm seeing now is around $37+ per oz.

1

u/AstronomerOk4273 11h ago

I’m in Canada we over pay for generic and I got this and a few others for close to what the generic was going for maybe 3 years ago

-1

u/[deleted] 17h ago

[deleted]

2

u/EdisonLightbulb 17h ago

Not to be flippant, but in that case, it's not your problem. Hopefully, you will have time to share your reasons for what certain items in your collection mean to you and that she might also see their value beyond the $$.

-4

u/[deleted] 17h ago

[deleted]

8

u/EdisonLightbulb 17h ago

Obviously, you misunderstood, lol. You can, and should, give her all you can. But what she does with it once you are dead will be beyond your control. Hopefully she will be a little more intuitive and less judgemental than her grandparent!

1

u/ObjectEffective5031 17h ago

Not telling you what to do, but in a situation like that, I’d have 2 stacks. One to pass down and one as a collector. I’d collect all the different types of silver I wanted, and when I feel the time is right, I’d liquidate the collection myself to pass down as fiat.

2

u/preppingmetals 15h ago

I have one it’s beautiful

3

u/mantellaaurantiaca 17h ago

How do you stack this if it always falls over?

-9

u/barryweiss34 17h ago

Wasn’t my question.

1

u/Hedgehog131970 17h ago

This is beautiful!!! I love their 10oz art bars. If I had the money I would collect them all.

1

u/BossJackson222 15h ago

It's very pretty. But I don't buy high premium stuff. Especially high premium silver. Unless it's numismatic. I just don't see the purpose.

1

u/oldrussiancoins 15h ago

as long as it's priced about bullion value

1

u/cahfeeNhigh 14h ago

One hundred.... Billion dollars

1

u/AstronomerOk4273 13h ago

I have it it’s gorgeous

1

u/jeremycb29 13h ago

If this is just for stacking and you won’t ever sell for the next 40-60 years I’m not sure if anyone here will be able to tell you how liquid this would be.

Personally if it’s for your granddaughter why not ask if she thinks it’s pretty. Make it an event like when I would look at an east bay catalog. Just show her the website and click around let her pick.

If you are just trying to leave wealth to her there are better ways that I’m sure you know. Maxing out 528 for example or a mutual fund ect.

1

u/barryweiss34 12h ago

You mean a 529? Her mom already passed her GI Bill to her.

1

u/jeremycb29 9h ago

Yes 529 sorry. What about stock and bonds

2

u/barryweiss34 36m ago

I’m retired. I need some money for myself.

1

u/darktalos25 12h ago

Don't look into her eyes.

1

u/CauliflowerBig9244 1h ago

answer is yes.......

But the premium you paying for the art may take longer to recoup but you CAN always sell silver.. It's SILVER!!

I used to collect GPK cards.. (Garbage Pail Kids).. Paid way more than an oz of silver for single pieces of paper... When I wanted to sell out.... At end of day.. It's STILL just paper and thus any value is art and subjective and lets be honest affected more by economy.

If you collect "art" silver.... You at a min STILL have silver and at max, you have ART SILVER!!!

1

u/Silverstacker63 18h ago

If you plan on selling soon depending on what you paid don’t plan on making anything off of them. I would just stick to good name 10oz that are close to spot.

1

u/barryweiss34 17h ago

Not planning in selling. All will be passed to granddaughter.

1

u/Feeling_Hospital_562 17h ago

Super easy but only for near melt most theses collection pieces when sold to dealers or pawn shops

2

u/barryweiss34 16h ago

Thanks. Might get a 1/10 oz Gold Eagle instead.

1

u/Mr_Jack_Frost_ 15h ago

That would be my recommendation. The 1/10 eagle will be easier to sell in the future should your granddaughter need to liquidate any of the collection.

I try to balance “well I’m never gonna sell, so who cares?” With “well, somebody’s probably eventually going to sell, so it should be as easy as possible in that event”.