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beekeeper | 09-20-2008 05:20 PM
2008 Silver Philharmonics and newbie question Started with stacking of gold and silver but I am wondering and decided to ask here for some guide. I have access to 2008 Silver 1oz Philharmonics in any quantity I want ( I can buy those in a bank that is couple of miles from me ) but since I am new to this and I like coins I want to stack some other silver coins which are more expensive here in Europe. Now my dillema is this. Should I stick with Philharmonics and buy all 2008 I can since this is the first year for those and maybe buy other coins later ( or even exchange for Phils ). Should I expect higher value of 2008 Philharmonics in coming years ( Like Koala 2007 is priced higher zthan 2008 ) ?

SilverTrees | 09-20-2008 07:21 PM
Re: 2008 Silver Philharmonics and newbie question It really depends if you are getting the phils for a good price or not. How much over spot price are you paying? I would go for the cheapest government issued bullion you can get. Phils are a good choice. As far as value goes, it really comes down to how many they make in 2008 versus 2009 and after. If the number is smaller in 2008 they will be more valuable and the "rookie year" would be desirable. Gov't sealed boxes are nice to have. Also, minting errors make for a more valuable coin.If you are looking for more valuable coins I would try to collect OLD coins and not modern bullion. When buying bullion stick to the cheapest available...

beekeeper | 09-21-2008 01:45 AM
Re: 2008 Silver Philharmonics and newbie question Paying quite over spot as with every coin you can buy here in Europe. Over spot price for Philharmonics is around $4. For other silver coins over spot price is even higher ! They mint Philharmonics as per demand so no fixed amount. But considering it is getting popular and that coins are available from February 1st 2008 I would think less coins are going to be minted this year than in the future.

j-son | 09-21-2008 11:24 AM
Re: 2008 Silver Philharmonics and newbie question when they came out in february the premium was quite high....then as time went onward the premiium dropped to be one of the lowest and now the premium is pretty equal with maple leaf coins.

eyeofliberty | 09-21-2008 11:36 AM
Re: 2008 Silver Philharmonics and newbie question Quote:
Originally Posted by beekeeper (Post 1303606) Paying quite over spot as with every coin you can buy here in Europe. Over spot price for Philharmonics is around $4. For other silver coins over spot price is even higher !
$4 over spot is pretty steep. I just bought a bunch from Bullion Direct at $12.80 each. They are a great coin, and still underrated, but I don't think they will remain so. The core of my silver coins are these: Silver Eagles Mexican Libertads Maple Leafs Philharmonics Engelhard Prospectors I buy whichever one I can find the best deal on at the time. And as naccarato is fond of saying, "Buy 10 oz. bars!" :wink:

SilverTrees | 09-21-2008 12:59 PM
Re: 2008 Silver Philharmonics and newbie question Quote:
Originally Posted by eyeofliberty (Post 1304020) $4 over spot is pretty steep. I just bought a bunch from Bullion Direct at $12.80 each. They are a great coin, and still underrated, but I don't think they will remain so...
When did you buy from BD at that price? I thought they have a $3 premium over spot...when did silver go below $10?

SilverTrees | 09-21-2008 01:05 PM
Re: 2008 Silver Philharmonics and newbie question Quote:
Originally Posted by beekeeper (Post 1303606) Paying quite over spot as with every coin you can buy here in Europe. Over spot price for Philharmonics is around $4. For other silver coins over spot price is even higher ! They mint Philharmonics as per demand so no fixed amount. But considering it is getting popular and that coins are available from February 1st 2008 I would think less coins are going to be minted this year than in the future.
I think $4 over spot in EUROPE is a good deal for silver bullion, especially at the current deflated spot price. Like I said before, when buying bullion always go for the cheapest gov't issued coins available at that moment. Prospectors are also a good coin to buy if the price is right.

j-son | 09-21-2008 01:41 PM
Re: 2008 Silver Philharmonics and newbie question Quote:
Originally Posted by SilverTrees (Post 1304162) When did you buy from BD at that price? I thought they have a $3 premium over spot...when did silver go below $10?
i paid $13.18 on 9/14 and their premium used to be less than $3

eyeofliberty | 09-21-2008 03:16 PM
Re: 2008 Silver Philharmonics and newbie question 1 Attachment(s) Quote:
Originally Posted by SilverTrees (Post 1304162) When did you buy from BD at that price? I thought they have a $3 premium over spot...when did silver go below $10?
On 9/11 I bought at $12.83, missed an even $12.80 by seconds... :banghead: The premium was not $3 yet, it was $2+ change.

Twisted Avatar | 09-21-2008 03:24 PM
Re: 2008 Silver Philharmonics and newbie question Quote:
Originally Posted by SilverTrees (Post 1304182) I think $4 over spot in EUROPE is a good deal for silver bullion, especially at the current deflated spot price. Like I said before, when buying bullion always go for the cheapest gov't issued coins available at that moment. Prospectors are also a good coin to buy if the price is right.
I agree with the vat +tax the price for bullion can be murder. Phils are excellent and widely recoginzed. Get as many as you can. if you want "rare" coins pick up proof sets anything else is just plain BULLION. T

Br� na B�inne | 09-21-2008 03:36 PM
Re: 2008 Silver Philharmonics and newbie question Heading to Vienna on Saturday. Any of the EU gimmers here know of reputable shops/dealers there? Would be greatly appreciated.

beekeeper | 09-21-2008 06:04 PM
Re: 2008 Silver Philharmonics and newbie question Quote:
Originally Posted by Br� na B�inne (Post 1304472) Heading to Vienna on Saturday. Any of the EU gimmers here know of reputable shops/dealers there? Would be greatly appreciated.
You can buy Philharmonics in most banks in Austria :) I would go to official Austrian Mint shop. They have one in Vienna and one in Innsbruck. http://www.austrian-mint.com/shop_lokale?l=en

Br� na B�inne | 09-21-2008 06:14 PM
Re: 2008 Silver Philharmonics and newbie question good man. thank you very much.

beekeeper | 09-22-2008 03:18 AM
Re: 2008 Silver Philharmonics and newbie question Ah just saw you are going there on Saturday :( It seems Austrian Mint shops are closed during the weekend. Check in some bank if those are opened on Saturdays. Maybe we have some austrian guys here. Of small, local coin shops I am unaware of :(

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