Should I stack these silver old coins? [solved]

There is a coin shop in my area that is selling some cheap WWII era silver coins, he sells it at around 19,7%-18% over spot for AU to UNC ones, and 2% below spot for circulated ones (the shipping fee is free btw)(and yeah, the coins are THAT common in my country), the fineness of these coins are around ~70% or so.
(Weirdly, bullion coins - even generic ones - are so expensive.)

I did some test, from the "soft" tests (ping test, magnet test, weighing it, relative gravity, etc) and some terrible ones (cutting it out and pouring some acid on it) on some random samples, all of them are legit.

The question is, should I stack these?

If you were me, what would you do?

If you have the extra money to spend I would say go for it. If your able to get silver coins for a relatively low premium it’s never a bad deal. Worst case scenario down the road you can always resale them for the silver content at minimum and I’m sure there are members that would happily swap you other coins that you might not already have.

Matt

It depends what you're after from your collection. If you just want to amass a bullion value collection and you can get the used ones for below spot then go for it. If you want to build a collection of world silver then grab as many of the AU/UNC ones as you can afford and use them to trade for world silver coins from other members who may not have ready access to those types.

70% silver would these be the German 5 Marks of 1951 - 1968 or the French 10 Franc coins of the 1930s?
Or possibly the pre WW2 Dutch Guilder coins.

Either case, I would go for the AU ones, as in many places like here in NZ and especially in Australia/GB there is a HUUGGGEEE price differential between coins in AU and G condition, to have a 19% spread would be a dream come true, plus AU/EF Silver coins look very nice and shiny, you can look at them, worn silver is ugly and generally hard on the eye.

However if you are really broke, buy the circulated, its better than nothing.

I'd wait till silver drops, then buy the whole lot. 2% is a steal deal, depending on what country we're talking about (sterling/US/anything over 85% - yes!)

if you like them, you should buy all you can afford.

Silver spot price is high right now, relative to last few years, but we can only guess if it goes down again, or up more.

I agree with Neil, ask yourself why your collecting?

Kenny, he probably wont be selling if silver goes down... its hard to find bulk deals on silver when the price drops, it all goes to the dealers I assume.

Mr. Midnight, we don't need to guess, silver will go both up and down. However we should not bet on this, we are not a commodity forum, we are a coin collection forum.

I would recommend collecting the nicest coins you can find for a good deal. They will look great in your collection and, like others have said, you can easily swap them for other coins you need.

Now don't get me wrong, I have some bullion value coins sitting around for that day (10-20 years from now) that silver skyrockets again. But if your stacking, you might not want anything below 90%, and you would prefer all the same type, its better to resale 100 US quarters then a pile of different sizes, purity's, and nationality's.

Just some thoughts. If you are in fact a "broke student" and currently going to University, stacking should be out of the question. Silver is relatively high right now and there are no assurances it will go up . You probably will have student debt which you will most certainly pay interest on. Pay school related items first to minimize your debt. If you want to purchase occasional AU/UNC coins at a little over spot, you should treat yourself and while you may not make a profit, at least you get the satisfaction of owning some very nice coins without breaking the bank.

-Your dad

Quote: "harryg"​Just some thoughts. If you are in fact a "broke student" and currently going to University, stacking should be out of the question. Silver is relatively high right now and there are no assurances it will go up . You probably will have student debt which you will most certainly pay interest on. Pay school related items first to minimize your debt. If you want to purchase occasional AU/UNC coins at a little over spot, you should treat yourself and while you may not make a profit, at least you get the satisfaction of owning some very nice coins without breaking the bank.
​
​-Your dad

​Wisest advice so far. the most powerful economic device you have at this time is AVOIDING DEBT!

What does it profit to make $500 on a great silver investment, but pay $5000 in loan interest?

I'll do the math for you.... —$4500

Quote: "harryg"​Just some thoughts. If you are in fact a "broke student" and currently going to University, stacking should be out of the question. Silver is relatively high right now and there are no assurances it will go up . You probably will have student debt which you will most certainly pay interest on. Pay school related items first to minimize your debt. If you want to purchase occasional AU/UNC coins at a little over spot, you should treat yourself and while you may not make a profit, at least you get the satisfaction of owning some very nice coins without breaking the bank.
​
​-Your dad

​Haha, thanks for your opinion and concerns
Fortunately, tuition fee is not that much here in my country, unlike in US, it's quite affordable (waaay affordable than US uni, Lord, how could it be THAT expensive there?) + we are not obligated to have textbooks, it's even recommended to have e-books instead of paper-printed ones (it's against the uni to force the students to buy basically anything aside from alma mater jacket)... so yeah i'm quite lucky on that.

I also like to buy my silver as close as it can be to its melt value, but sometimes I just can't resist USD 3,56 (including shipping) black patina (somehow it looks lighter in this photos, VF-XF 1941 Mercury dime with minimal scratches.


Anyway, in the end I do stack silver for my own satisfaction, I mean, it's just nice to look at my small collection of silver coins every time i need some instant entertainment. I also like to clean some low-value coins (I've ever done it to one of my preWW2 half gulden coins, just to see how cleaned silver looks, and oh my lord it was so bad. Not doing it again since), just to see it shine and then seeing it getting re-toned as the time goes on (bronze coins are the best).

Thanks for all of your replies

But that dime is overpriced, it has 80 cents of silver in it and 1940s Barbers are common below AU, Ideally such a coin should not cost over $1.50. Quality MS examples are very cheap and the commonest dates would cost you what you paid.