SAE or straight bullion
 

I recently traded all my 90% silver coins to SAE. I am into silver for the long term investment. I am now thinking that i should trade my SAE into stright bullion bars becaue once silver goes way high that premium wont be there...or not as much.

Any thoughts?

Re: SAE or straight bullion
 

I dont buy junk silver, but some people like the idea of having some for trade if we get bombed back to the stone age or whatever.

I go with rounds, SAEs and other recognizable state-minted coins, and a small assortment of representative silver coinage of the past, just for fun. But mostly SAEs for hold, the ETF for paper.

Re: SAE or straight bullion
 

I would say keep what you have now and buy what you want going forward. When you sell/buy is when people make money off of you. You already have the SAE's, hold them so you don't get more yield taken from you through additional transaction costs. By cheap generic rounds/bars going forward if you think that is better.

Re: SAE or straight bullion
 

Bars are problematic, too big to use as currency if you must. Also, depends on who assayed it.

Re: SAE or straight bullion
 

I say go with what scott said. Curious why did you switch from 90 percents to SAE's ?

Re: SAE or straight bullion
 

I think I understand what your asking,and yes I would off the SAEs (been meaning to do it myself) and buy more (read more weight) generic rounds for exactly the reason you stated. Try selling them on ebay and pad the shipping(not alot) then pick up your generics. :beer:

Re: SAE or straight bullion
 

I made my 1st silver purchase a week ago. Spot price had dropped from $14.04 to $12.81 and I bought. I split it 50/50, eagles and rounds. While I cannot see paying the premium for eagles. There is a possibility of increased numismatic value with the eagles. Remember the value of gold today is less than it was in 1980 and if you factored in inflation, wow what a loser! I would keep the eagles you currently have and buy rounds in the future. Accumulate a variety of PM's. Buy them over time. Save up your $$ so you can pull the trigger when the price is right. Then buy whenever there is a significant price drop. I'll buy some more between $12.25 and 12.40 I bought gold in early October when spot was $561. I waited and waited, drooling on my keyboard and finally the price dropped and I caught it $2 above the bottom. Be patient!

Re: SAE or straight bullion
 

If you've already bought them, I would hold them. There's a cost to every transaction you make. The way I see it, when silver takes off, the small premium won't matter all that much. And there are some who believe that they will be easier to sell given their wider recognizability and acceptance. But if you're not comfortable with this reasoning, you can always buy generics here on out. Personally, I go with mostly SAE's and 10 oz bars.

Just my 2c

ST

Re: SAE or straight bullion
 

Problem with SAE is that they have a higher premium than any other coin, it seems. That means you can also sell them for more... but I like simpler coins, like Engerlhards.

Plus, ASE are of non-standard size, 40mm and don't fit into tubes for generic 1 oz rounds.

Re: SAE or straight bullion
 

I dumped my 90% and got SAE because you get raped when you try to sell 90% coins. I found a guy that is a reputiable dealer and he made it not so bad for me to trade. Im not sure why i turned then into SAE but now im kinda regretting it. I think that i might just hold then and buy bars and rounds from now on but idk....might try ebay out and see if i can get a premium!

Re: SAE or straight bullion
 

As for buying generic rounds. Does it really matter what brand they are. Or should i watch out for some companies?

Re: SAE or straight bullion
 

With 90% stuff, I don't think you even get spot price.

with generic 1 oz stuff, they are all equally good in the sense of they all have 9999 purity. I cannot stand sports stuff or Christmas or various pop culture figures minted on there.

Re: SAE or straight bullion
 

For every dollar face you get .715% of an ounce....no where near face!!

Re: SAE or straight bullion
 

There's another type of bullion. About 60% of my silver is in 100 oz bars, mostly Engelhard.

Re: SAE or straight bullion
 

Getting to love those bricks myself.:birthday:

Re: SAE or straight bullion
 

Bought some 2006 SAEs for Christmas gifts - ouch:thumpdown

Cost me $17 each and spot is around $12.50 - whatsup with that????

Re: SAE or straight bullion
 

No way I would pay that.

Re: SAE or straight bullion
 

It sounds like you are selling your 90% silver to the wrong people. 90% has the tightest spread between what you pay and what you can sell it for. The other major advantage is you can often (like at Apmex today) buy it for $0.25 under the spot price of silver. You cannot argue with the numbers. That is more silver for your investment dollar.

For example, the spread at Apmex today is $0.35 per oz between what you pay for 90% silver bags and what you can sell them for. That is only $250.00 per bag. If there is a more cost-efficient way to purchase physical silver, please advise. Thank you.