Quick Survey: Which is the better long-term investment, Silver Bullion Coins or Silver Bullion Bars?
Hi @Steemit and @Steemsilvergold Community,
I am a long-time silver stacker of both bars and coins. I know what my personal belief is, but I am very interested to hear from the Steemit Stacker Community to find out which you believe to be the better long-term investment, Silver Bullion Coins or Silver Bullion Bars?
- Reply with :1: if your vote is Silver Bullion Coins?
or - Reply with :2: if your vote is Silver Bullion Bars?
| :1: Silver Bullion Coins | :2: Silver Bullion Bars |
|---|---|
 |  |
I believe silver bullion coins are more favored for stacking and collections, but the bullion bars are purchased for pure volume to be used for trade and barter, so I would say 1............
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Coins definitely do have an emotional advantage over bars with their great designs and the chase of collecting rare coins or completing a series. That being said a decent size bar is an impressive thing and with bars you get to actually touch the silver and not just the plastic capsule.
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2
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Thanks @pit-bullion for your vote for 'Bullion Bars'. Do you have a size preference of bullion bar that you like to stack? Also do you believe in the premium value of vintage silver bars from mints that are no longer around?
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Oh wow it surprises me that bars would incur VAT. What ia the rationale behind that?
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Basic EU principle : All metals are carrying VAT as they are used in Industry etc. (makes sense)
First exception is gold as it is mainly used as investment (tax free gold coins and gold bars are the result) or jewelry (taxed in the shop) ; After that exception - due to complainst - silver coins were also exempt albeit not for the premium on top of the spot price. Bars are not exempt but coin-bars are. Coin bars are therefore some 20% cheaper than standard silver bars.
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Thanks for the explanation @goldrooster. I used to trade with a lot of EU and UK stackers a few years ago, it explains to me why they were more interested in Coins and Coin Bars and not so much in higher ounce bars.
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2 - Silver is intrinsically valuable. Premiums added by world governments are not.
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@methus could you please elaborate a bit on your comnent about world governments adding premiums? In what context do you refer?
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Take a Silver Eagle, for example. A coin issued by the US Mint. You're going to pay $2-$3 over spot for it. But a generic bar or round you can get for as low as $0.49 over spot(lower if you hit upon a sale online). Governments rise and fall, but an ounce of silver is still an ounce of silver.
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Got it, I see where you are coming from. In fairness though it is not only governments that add premium to coins, there are many private mints that design rounds which are themed and have a higher premium. The thing I love so much about stacking is that your stacking strategy can be unique and personal to you. If you just want to invest in large ounce low premium silver bars, then great. However if you are into stacking for the investment and for the enjoyment of collecting unique coin designs from a wide-range of mints then you are able to do that too, but you need to realise that you will pay what I like to call a "collector's premium". I personally do love the thrill of finding a rare low mintage coin presented in a display box with a certificate. I know the purchase in not investing, but instead it is more of a hobby.
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Yeah, totally. It all just depends on what you're looking for. I'm partly stacker, partly collector. I have a bit of all types: generics, small mint and govt issue; rounds, coins, and bars.
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Thanks for the response @irminsoul82. Our first survey response has voted for 'Bullion Coins', will this be the trend or will 'Bullion Bars' provide some tough competition? Let's see!
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Yes counterfeit coins and bars is the bain of the stacker community. Always remember folks if the deal looks too good to be true it most likely is. I have been scammed once, not by counterfeit, but by some who took my money but never delivered the goods, I will write a post about it in the future. Be very careful out there and only trade with trusted sources.
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@strenue Silver Bars in 1 Oz. size especially with either Engelhard or Johnson Matthey stamped on them.
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Liquidity, liquidity, liquidity! Trusted brands in small ounces are always easy to move.
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Thanks @russellbury.
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1 - Coins are smaller, lighter, and easily liquidated.
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I do agree. Thanks @sunshinegold.
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