As of this writing, that is the live price of Silver/USD stats by www.kitco.com.
Disclaimer: this is not an investment strategy advice, but a personal opinion for educational purpose only especially for those who have interest into silver stacking and other precious metal.
Either you are for crypto, stock market, bonds, commodities, precious metals etc., its always better to Do Your Own Research to what ever type of investment you are willing to get into because knowledge is the best investment you can ever have that no one can ever take it away from you.
Today, i want to share to you some important points to consider base on my personal experience being into silver rounds stacking.
Why silver Coins instead of Silver Bars?
i prefer coins because i am a numismatist (coin collector).
they are easier to dispose or sell than bars (base on my experience in online selling).
most money exchanger shops sell silver coins but not silver bars. (i prefer purchasing on coin shops to avoid paying the premiums when you purchase it online)
its easier to detect fake silver coins than silver bars (if you don't have enough tools to detect real silvers).
Why silver instead of other precious metal like gold or platinum?
its more affordable than gold and platinum. So you don't need much capital to start investing.
its industrial demand is way higher than gold (most gold are for jewelry stuff)
Upon purchasing online, its premium is lesser than gold (if you purchase online you dont only pay for per ounce of silver or gold you will also be paying the so called premiums, the bigger your purchase the lesser your premium.
Cash conversion in case of emergency
Unlike gold, you will be having hard time to pawn your silver coins to any pawnshop most of them don't accept silver coins nor silver jewelries so your most option is to sell and wait until its sold.
Some silver coins are more valuable than its metal content
Rarity of your coin can greatly elevate the price of your coin. (see photo below)
Image Credit: Numista
This is a 50 Piso commemorative coin
(40th Anniversary of Bataan-Corregidor)
Featured Coin: 50 Piso
Country: Philippines
Year: 1982
Value: 50 Piso
Composition: Silver(.925)
Weight: 27.4 g
Diameter: 40 mm
Thickness: 2.7 mm
Shape: Round
Source Credit: Numista
This coin has a rarity score of 90 (the higher the score the harder to find) its bullion value base on its silver metal content would be at around $14.00 but its numismatic value would range to $80 - $120.
So, before you decide either you are for silver rounds or not, better to study first the pro's and con's if it suits you. The most important thing is that you decide to invest either silver rounds or bars.
Thats all folks! peace and keep safe...
Thank you for dropping by and spending your precious time. 😉