Silver Krugerrands/Austrian Phil, Perth Roos etc versus Walking Libs and Buffs...is it worth the extra $$

[Spear Dane]

As in the topic...is it worth, in the long run, paying a little more for the 'prettier' rounds vs the plain Jane Buffs and Walking Libs?

 

[Ingomike]

What was wrong with the silver thread?

 

[spencer rifle]

Short answer IMHO: no.

Unless you are collecting for numismatic value, or really like the design.
For exchange/barter/store of value/SHTF, junk silver or plain rounds/bars (as long as content is labeled) have smaller premiums, giving you more metal for the money.
Resale to a local or online dealer may preserve some of that premium (though the cash you receive will be further debased), but trade to SHTF survivors will probably not.

 

[snorko]

Short answer IMHO: maybe.

I think except for the extreme SHTF scenario, sovereign coins have an edge in value over generic rounds and bars. Often the difference can be minimal. Right now at Provident a new generic round can be had for $32.91. Phills, Britannias and Kangaroos are $33.55-$33.96. When I can get a .9999 sovereign round for $1.00 or less above a generic round I go that way. This gap has narrowed with the current higher premiums.

But I do agree with spencer rifle for the most part. I won't pass up common bars and rounds if they are significantly cheaper. Constitutional silver (junk silver) has gone up lately as well. $100 face of circulated Quarters is currently $35.97/oz. I remember not too long ago getting some from Provident slightly below spot.

 

[cosermann]

Depends how much extra. Precious metals from sovereign mints are recognizable and may be more readily accepted than generic rounds (unless maybe the rounds are from a well known minting company). Otherwise, some may doubt what kind/purity of metal that round actually is. I think a smallish premium for actual coins can be worth it for the increased recognition and thus liquidity. But like anything, it's "how much" of a premium, how much of an issue one thinks it might be, etc. You pays your money and takes your chances. Premiums on American Eagles right now are nuts.

 

[DoggyDaddy]

Premiums on American Eagles right now are nuts.

Agreed! I posted this in the other thread yesterday showing the differences even between sovereign coins:

American Eagle, type 2 - 2044.25
American Eagle, type 1 - 2134.25
Canadian Maple Leaf - 2024.25
Britannia - 1994.25
Australian Kangaroo - 1994.25
American Buffalo - 2074.25
Krugerand - 2014.25
Austrian Philharmonic - 2004.25

 

[spencer rifle]

If people who don't know much about PMs would question a content-labeled round or bar as possibly counterfeit, why wouldn't they do the same for Eagles or other sovereign mint products? A few have anti-counterfeit measures, but many don't and inexperienced people wouldn't know to look for them anyway.

 

[Magyars]

If people who don't know much about PMs would question a content-labeled round or bar as possibly counterfeit, why wouldn't they do the same for Eagles or other sovereign mint products? A few have anti-counterfeit measures, but many don't and inexperienced people wouldn't know to look for them anyway.

I suspect many people would be more inclined to accept something recognizable as an American coin over a round....junk silver seems ( to me ) to be the best, most easily accepted medium of exchange...dealers and people who dabble in precious metals are a different story