Silver Satin

Discussion in 'Introduce Yourself' started by Silver Satin, Sep 5, 2017.

  1. Silver Satin

    Silver Satin New Member

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    Reciently semi-retired, health care provider.
    Started with a set of silver plated dinner ware.
    Liked the shinny stuff. Found JMB 10 oz SMI
    rounds special. Then got hooked!
    Now at about 100 toz mixed silver. Small
    fractional gold. Plan to stack and hold/trade.
    Learning a lot. Knowledge is power.
     
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  2. eddie01

    eddie01 Well-Known Member

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    Welcome aboard Silver Satin. If you have a few years or for your estate, I think Silver/Gold Bullion has a future. On top of that you can get into semi-numismatic silver coin collecting for a small premium and add to the fun. But keep in mind, don't touch, or polish raw collector coins.
     
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  3. Silver Satin

    Silver Satin New Member

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    Thank you for the response. What is the definition of "semi- numismatic?
     
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  4. eddie01

    eddie01 Well-Known Member

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    Well there is Bullion (bars or rounds) which usually sells/resells close to the spot price of the precious metal.

    Then there is Numismatic, which is coin collecting and a coin has value due to it's collect-ability and often value increases with rarity and desirability and history.

    Next there is some combination of the two above with varying percentages given to each as far as value.

    When i used the term semi-numismatic concerning silver I'm mostly thinking something like a 1 oz silver bullion coin or round that has only a little value over the spot price of silver and is often but not always collected.

    Next up the semi-numismatic ladder would be something like a 1 oz Perth mint collectible series issued each year that has more value over the spot price of silver than a bullion round. You get the idea.
     
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  5. Silver Satin

    Silver Satin New Member

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    Yes. Is the ASE on this catagory?
     
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  6. SilverPIC

    SilverPIC Well-Known Member

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    Hi and welcome @Silver Satin. Glad you are here.
    Good question - I would say yes, the ASE is semi-numismatic in that it is a legal tender issue from a mint and has a face value and date so it is subject to value fluctuations due to mintage numbers (1996 ASE is generally significantly higher than other ASEs due to it's low mintage in relation to the others), quality of strike, and overall condition. However it's price is more greatly affected by spot price of silver as a regular bullion round would.
     
  7. Silver Satin

    Silver Satin New Member

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  8. Manfred Schmidt

    Manfred Schmidt Member

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  9. Silver Satin

    Silver Satin New Member

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    Thank you, Sir. What is your strategy?
     
  10. Manfred Schmidt

    Manfred Schmidt Member

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    I'm collecting ... mostly circulation / proof coins (1892 - current) from South Africa.
    Also buying any gold, silver and coin sets (mint & proof) from all over the world when available.

    This might sound strange but bought my first 1 ozT Platinum round today. Paid 20% below spot. :D
     
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  11. SilverPIC

    SilverPIC Well-Known Member

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    Wow! - was that from a local shop or online?
     
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  12. Manfred Schmidt

    Manfred Schmidt Member

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    Hi, will post pictures and reply under "Post your world (not US) coins!! (That you have bought recently)"

    Don't want to "hijack" Silver Satin's welcome thread :)
     
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  13. Silver Satin

    Silver Satin New Member

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    My name is not Jack...it's Arnold.
     
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  14. Manfred Schmidt

    Manfred Schmidt Member

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    Hi Arnold :D
     
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  15. Silver Satin

    Silver Satin New Member

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    Hello Manfred. I stack mostly Ag. Have a box of foreign coins. All mixed up. Save for my 8 yo grandson. He likes to look at them and we talk about them. Good learning experience.
     
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  16. Manfred Schmidt

    Manfred Schmidt Member

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    Nice.. one more Numismatist

    I normally also buy all the old South african silver coins (below good and damaged) and dump them in an old metal baby bath tub. Too heavy to even move now. The idea is to melt them all at some stage. Well since i'm in a country with rich resources but very limited opportunities to melt that will have to wait or become "someone else's" problem. *lol*

    Also the content of the coins differ, pre 1950 = 80% and up to 1964 = 50%

    Please send your grandson over to Africa for sorting purposes :D (joking)
     
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  17. Silver Satin

    Silver Satin New Member

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    I'll check my stash for any S. African coins.
     
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  18. Phillip Meade

    Phillip Meade Well-Known Member

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    Welcome to the forum Silver Satin!

    Plenty of good stuff here in terms of knowledge and expertise! In here, I mean the forum in general, not me :p
     
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  19. Silver Satin

    Silver Satin New Member

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    Thank you Sir.
     
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  20. Silver Satin

    Silver Satin New Member

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    How do I start a new thread?
     
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