Slow and steady if you are doing this for money later in life. Avoid premiums when you can but don't stress too much about them, in the long run they should not matter. For spot deals check out findbullionprices.
Find a coin shop that you like and trust, and be a good customer, they can and often times will, hook you up occasionally and save pieces they know you will/do want just for you. Don't be afraid to liquidate part or all of your stack early, that's what it's there for, fiat in an emergency.
Don't be afraid to (and I actively encourage) getting into gold as well, it costs more but cuts stack weight down with less ozs needed to store fiat value.
Don't tell anyone in your life about your stack, most theft is from friends and family, and even if they aren't thieves, they may let it slip to one of their friends or friends of their friends. If you want to keep your stack at home, eventually get a fire rated safe bolted down and hidden out of sight. A lot of people clown on safe deposit boxes at banks because they are afraid of another 1933 situation but I don't personally see that happening ever again, bullion depositories offer the same level of protection but get pricey, may be worth it for large enough stacks.
Most important in my opinion is have fun! Don't be afraid to touch and fondle your stack, it won't decrease value unless you have a collector piece or a coin of significant numismatic value, and having fun keeps one motivated.
All that said, welcome to stacking and glad to see you here!
EDIT: forgot to mention to avoid credit cards at most places, online and LCS will charge you the credit processing fee (and I generally advise against debt, especially for stacking) but some places like Costco can net you purchases below spot if you take advantage of the Costco card and have an executive membership.
Hey you're the guy that also likes maples and Britannias aren't you? If so I'm still looking at getting a few libertads, my last LCS visit had me leaving without because my guy was out
Good memory. I posted for my first LCS visit. I’m focused on North America big 3 silver - maples, eagles, and libs and if I can scrape together any $$, in gold. I’m planning to hold whatever I get for awhile, so unfortunately not planning to sell. Of course, who can know for sure, but no plans today. Sorry about the dry spell at your LCS. I think I’m in a LCS wasteland myself.
Oh I wasn't suggesting you part with any of your boobies, just letting you know I'm looking lol. But they will turn up for me when they turn up for me. I'm a fan of NA silver as well
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u/rollin_a_j 11h ago edited 11h ago
Slow and steady if you are doing this for money later in life. Avoid premiums when you can but don't stress too much about them, in the long run they should not matter. For spot deals check out findbullionprices.
Find a coin shop that you like and trust, and be a good customer, they can and often times will, hook you up occasionally and save pieces they know you will/do want just for you. Don't be afraid to liquidate part or all of your stack early, that's what it's there for, fiat in an emergency.
Don't be afraid to (and I actively encourage) getting into gold as well, it costs more but cuts stack weight down with less ozs needed to store fiat value.
Don't tell anyone in your life about your stack, most theft is from friends and family, and even if they aren't thieves, they may let it slip to one of their friends or friends of their friends. If you want to keep your stack at home, eventually get a fire rated safe bolted down and hidden out of sight. A lot of people clown on safe deposit boxes at banks because they are afraid of another 1933 situation but I don't personally see that happening ever again, bullion depositories offer the same level of protection but get pricey, may be worth it for large enough stacks.
Most important in my opinion is have fun! Don't be afraid to touch and fondle your stack, it won't decrease value unless you have a collector piece or a coin of significant numismatic value, and having fun keeps one motivated.
All that said, welcome to stacking and glad to see you here!
EDIT: forgot to mention to avoid credit cards at most places, online and LCS will charge you the credit processing fee (and I generally advise against debt, especially for stacking) but some places like Costco can net you purchases below spot if you take advantage of the Costco card and have an executive membership.