Stacking, collecting, or both? What is your objective in buying Silver or precious metals? Investment, Hedge, savings, or for fun? Do you have a Stacking plan?
I've asked myself these questions early back in 2015 when I started. Understood why was doing this. Budgeted accordingly, then started out simple until I achieved a few financial objectives before becoming more specialized.
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Well I just want to have something that's tradeable in case of emergency down the road. My great uncle died and left three chests full of silver and gold coins for his kids but it was for an emergency. He didn't trust the banks very much and when he died there was $140000 in coins in these chests. I am just thinking that if I pick up some affordable silver that I could put away, it would be a good thing to have on hand. I do like a lot of the coins but I was thinking of silver for trading as silver, not as a piece of art.
Sorry for the delay.
I started out with Maple Leafs back in 2014 and at the time the premiums were much lower than today. They are Legal Tender, recognized by banks and financial institutions being backed by the RCM and therefore very liquid and less hassle in Canada.
The next best option would generic silver, lower price but may be subject to some Buyer scrutiny.
Sometime the Retailers would have deals of Legal Tender coins selling at decent prices compared with generic.
Stay away from Numismatic and semi-numismatic.
I just looked up numismatic and I will stay away from that. I think the ones I have, are all numismatic. I just find it weird that a coin containing an ounce of silver can be a $2 or $5 coin. I think I will probably buy some generic silver as well as some Canadian coins. I heard there is a card and collectibles shop in town that sells coins so I will check it out tomorrow when we go in. I imagine the prices will be high because it's an oilfield town but you never know. I will check the pawn shops too. If nothing else it will let me know if I am getting a deal online.