Loading ...Silver Coins
Needed to feel less guilty about not owning any precious metal (other than paper), or a few Royal Canadian Mint proof sets from the 1990’s…
Headed to Kitco offices in down town Montreal and fetched some half-dollar Koala’s (2011).
And this set minted by First Majestic (also 2011).
I can now sleep better…
There is nothing wrong with paper silver – in the end you want to cash out and make a profit and I think certificates are
Perfectly fine for that
Ya but Physical Silver coins Feel a whole lot better that paper or cyber certificates
The whole point is counterparty risk…If you hold paper and the whole system implodes you got S%^&*t
Plus these coins are beautiful !
You Go Sir Patrick
Nice, Patrick. Don’t spend them on beer or ice cream. 🙂
Besides owning phys gold, I bought many silver dollars cheap for they’re silver content.
Where do you put them? (It’s more a rhetorical question than not, but you, Patrick, or anyone else can feel free to answer if you are so moved).
I’m so disorganized, messy, and absent-minded that I can’t locate my coins for the most part (not that I had all that many to begin with). I suspect a contractor made off with a bag of junk silver coins while “cleaning up” a portion of the basement where they were hidden. A certain family member may have disposed of a carton of old stuff in which I not so cleverly put some (I guess this is why they call it junk silver?). I just hope not too much has been thrown out and someone in the family will get it. In any case, the metal itself is not safe with me. Silver is so bulky that it’s not too practical for a safe deposit box unless it’s rare coins I think.
An equivalent gold story is an aunt of mine buried all sorts of gold in and possibly outside her micro hobby farm decades ago. I think she had a map with a code, probably disguised as something else and hidden far too cleverly because that’s the way she was. She did tell me something about a special grid on her map with special points on it, perhaps coded. (She was not the sort to trust bank safety deposit boxes especially after memories of the gold confiscation of the 1930s when safe deposit boxes were inspected after the big bank holiday in the US.) After she died in the 1980s I don’t think her kids could find most of the loot, metal detector technology notwithstanding.
I’d like to have the coins and for that matter the certificates, but I’m just not responsible enough.
certificates =>stock certificates (as opposed to having the brokerages hold the shares for me)
I haven’t thought too much where they will be put. Right now, most likely with my other collectibles, my penny collection, comic books, and other dust collectors. However, if my precious metals holdings increases, I’ll have one of my kids draw up a PawPatrol map to find their hidden location. No robber will give a second thought to a child’s hand drawn treasure map!
Patrick, did Kitco have those Koalas on sale? APMEX is asking $21 for them. Pretty large premium for silver over melt value.
https://www.apmex.com/product/59019/2011-australia-1-2-oz-silver-koala-bu
JS, yes, when you go directly to their offices, there are deals not available on the web (plus you don’t pay shipping)! The salesmen let me know they will soon have “local deals” displayed on their website. The Koala’s were spot+0.83 usd.. so exactly 9.45 usd for each one.