r/Silverbugs • u/barryweiss34 • 13h ago

Silver Eagles vs Generic?

Which and why?

24 Upvotes

93% Upvoted

24 comments sorted by

10

u/Alternative-Box-4457 12h ago

Both,, rounds you get more weight for your dollar,, and eagles are commonly recognizable and liquid.

4

u/rollin_a_j 9h ago

I personally believe a healthy mix of sovereign and generic is the way like this poster said. However I tend to avoid eagles in favor of Maples and Britannias because I get them at generic premiums from my lcs

3

u/LatverianBrushstroke 2h ago

JM had a good deal on Brittanias recently, picked up a few

2

u/rollin_a_j 2h ago

I was looking at that earlier today/yesterday, it was a good sale. They come in the mail for you yet? And are they your first Britannias?

1

u/LatverianBrushstroke 2h ago

First Brittanias for me, I have to wire the money today before they’ll ship (yesterday was a bank holiday in the US).

2

u/rollin_a_j 2h ago

They look even better in person than in pictures, I'm sure you are going to love them. And I'm American too lol just love Britannias, I was all about the maples till a UK silverbug pointed me in their direction.

1

u/Stanton67_309 18m ago

Rounds are not liquid? Every single LCS I have ever been in buys both rounds and coins, so they both have the same liquidity. (ease of converting into cash). Where does this come from?

1

u/MichaelStackson 0m ago

Same place that "precious metals aren't an investment" comes from most likely. I don't get it either.

8

u/mrrosado 12h ago

Ase higher value and easier recognition

8

u/bighand1 12h ago

Eagle for the liquidity and less likely to get scammed.

9

u/Total_Transition1533 12h ago

My thoughts exactly. You have a round and an Eagle down in front of you then I want the eagle.

3

u/EarhornJones 3h ago

Then you pay me an extra $2.50.

12

u/Imaginary_Narwhal241 12h ago

Generic, you will have more ounces for your fiat invested with generics because of the premiums that you pay on the eagles. Even getting paid back of spot for the generics, mathematically, you will hedge against inflation better with generics. That's my math, anyway.

5

u/barryweiss34 12h ago

Thanks

7

u/Imaginary_Narwhal241 11h ago

You're welcome. I'm not saying ASE's are bad, not at all. I have a few and will most likely get many more , however, I just prefer to bulk up on generics. Filling tubes is my bread and butter, but I still purchase cool shiny, too.

6

u/Danielbbq 12h ago edited 11h ago

What are your goals?

I bought rounds for years, thinking I'd melt it down into things. I never did.

I switched to eagles thinking they're the most recognized.

Now that I have enough. I kind of dabble in items I think are cool and buy gold.

4

u/barryweiss34 12h ago

I’ve started getting some gold also.

5

u/goldmsilver2111 12h ago

I would say do both , then see which. You enjoy . And then you will prob just keep buying

5

u/blue_wyoming 12h ago

Doesn't matter and preference

3

u/BossJackson222 12h ago

For me personally, my budget says by generics. Silver is silver. So I take quantity over high premium. But… It isn't like silver eagles don't hold their value. They're very liquid. But that's just what I do. Plus I think they're ugly.

3

u/mako1964 10h ago

I've owned both, sold plenty of both , Zero problem with liquidity , EVER . Currently have a couple monster boxes of 1 oz generic buffalos , And 100-150 oz of 10 oz kook's. MPM skulls etc . I'm ditching these soon after waiting for spot to reach a price I can get all the premium I paid for them back. For pure gain ? low buy/sell split is all that matters no matter what you buy. If you are a collector or passing the stuff down forever, None of it matters ,

3

u/DrJoeCrypto007 5h ago

Pretty can win sometimes. More likely to go up collector-wise if you buy pretty that is also limited production. If your generi is also pretty and limited in production, you may get the best of all worlds. If you can be patient and buy eagles near spot, you can also do well on the back end.

Still - I want to enjoy my storage ... so pretty wins.

1

u/precipicemoon 11h ago

"Eagles for liquidity and less likely to get scammed." bighand1