The TRUTH About Generic Silver and Silver Eagles!

[@CoinsAZ]

I've been saying for decades that if someone is weight stacking Silver, it's virtually always best to buy generic rounds instead of Eagles. The only time that I'd buy Eagles for weight is if I can get the Eagles for as low as the least expensive generic rounds.......which is almost never the case.

[@davidw.5185]

If I want coin of the realm, I buy Constitutional. Otherwise its just bullion. The Eagles markup isn't worth it because at the end of the day, it's just another oz.

[@sailfly2869]

With patience, Silver Eagle can be a bargain and best of all easier to sell or pawn.

[@billseymourjr5472]

Merry Christmas Silver Seeker ! I hope you and your family have a wonderful day.

[@CuttinEJ]

At the end of the day, it’s all just bullion. Buy what costs the least.

[@CuttinEJ]

@, it’s your money, but if I melt an Eagle and a generic round, you can’t tell which is which. That’s because there’s no real difference between them. They’re both just bullion. What should determine whether you “like” them or not is how much weight you can get for your dollars.

[@Delasernafamily]

drives me nuts. I just can't understand why people buy rounds that they like. Who cares what they look like?do people lick it taste it smell it's money that's it. What do people go showing it off or something? Wow, look at it shine. Look how awesomely they struck it. Like most stackers, people stack silver for the lest price possible. Other wise your a collector .Go away

[@CuttinEJ]

@TravelingStacker, it was an exercise of the mind to demonstrate that you’re not getting any added benefit from Eagles over generic. There’s nothing special about Eagles. They just cost more for no good reason. Like I said, it’s your money. Spend it any way you like. But most people stack silver as a means of protecting their wealth, however much or little that may be. When I mentioned weight, I wasn’t talking about individual rounds. I was talking about the total weight of the stack. For every 7 or 8 Eagles, the difference in price is enough to account for one additional ounce of silver if the money was spent on generic instead. For those of us who don’t have a lot of excess money that we can afford to waste, that’s a big deal. Over the course of several years it’s a really big deal.

[@CuttinEJ]

@, I’ve said it twice now. It’s your money. Spend it any way you like. But if you’re really trying to stack silver, you’re not doing a very good job by only buying Eagles because of the way they look. Your money. Do as you please.

[@leonearly9593]

@@CuttinEJ I stick with the buffalo rounds

[@willloudner2789]

I just bought a few days ago, At my dealer, Rounds were $2.50 over and Eagles were $5 over, I went with Rounds.

[@Littlestacker-06]

Hey man sorry for such a high premium on eagles i thought 3.60$ for bu. was insane My local shop sell them +2 over spot but not bu

[@brucejeric6701]

Smart. That would be my choice to. Buy as close to spot as you can, for when you sell, it will be hell getting spot.

[@UnspokenWords2010]

Yeah but now you have tax implications for going cheap.

[@willloudner2789]

@@UnspokenWords2010 If the SHTF are you paying taxes?

[@willloudner2789]

@@Littlestacker-06 Well I don't do online dealers, so I have to deal with what I have. Sounds like you have a great dealer.

[@farmerbob7585]

All my silver is for my daughters. They’ll inherit it years from now. I don’t want them to have to dicker over premiums if/when they cash out. I buy only Buffaloes, Maple Leafs, or 90%. Nothing else.

[@Eric_A...]

good info, thanks seeker

[@ChrisnVirginia]

When eagles were 42.00 + I sold every ASE I could. I could not ignore that side of the near100% premium to not act. The advantage at the time was when these were purchased there was only 2.00 premium on eagles. These days I focus on sovereign coins and bars that I can get with a minimal extra premium. I dont do this necessarily to expect getting it back, but for ease in liquidation. Maples, Brits and Roos can frequently be found for very little over what one might pay for a generic round.

[@emilevoyer123]

THANKS FOR ANOTHER GREAT VIDEO. AND MERRY CHRISTMAS TO YOU AND YOURS. EMILE & KATHY FROM CT.

[@SirAlford]

When fiat collapses/depression than Coin Of The Realm will be used for goods/services on a bi-metallic standard, Generic will be traded back to the coin shop for Coin Of The Realm while receiving a major haircut. No more silly bars/rounds for this fellow...Be on the right side of history my friends!

[@Hawkeye2001]

Brits, Buffalos or Eagles. I'll pay a bit extra for the Sovreign coins.

[@DanCooper404]

I sold some silver a few months ago. I got spot for rounds, a bar, and a tube of eagles.

[@jake8077]

so you are only down a few hundred dollars ... you are doing great!!

[@Just2aguy]

ASE all day everyday for me. Sealed tubes & monster boxes. Buy right, sell right & you’re always ahead; always. Time in the market beats timing the market everytime. As to rounds here in the USA anything aside from ASE is bullion rounds at many LCS when selling including foreign sovereigns in my experience. YMMV. This excludes Perth Lunar, Libs & some others.

[@JoeBilello1969]

An Eagle monster box is going for 18 to 19 grand but yet if you try and sell one your lucky if you can get 16.2😮

[@sailfly2869]

I ran into that same problem with last year purchases of a monster box of Canadian Silver Maples in the mid summer months last year. Even my LCS said I should wait, but I told him that I had the money today and may not later-on. So if you are just a stacker than a collector I would suggest just buying weight versus premium silver. Anyway you have to have a good reason to purchase PMs in the first place.

[@gluedown7]

Best to get more silver. I just get bored buying the same thing.

[@ejbusby8634]

You can get “off quality” toned eagles for $2 over spot. A little ez-est and they’re good as new. Personally, I think it’s a waste of money to only buy BU

[@brentfoster8024]

I buy mostly rounds, but I like to buy constitutional coins and eagles too. Should the SHTF, I'd like to have some of the recognizable, possibly easier, spendable stuff too.

[@briankerr4512]

depends on if you want fungibility and recognition or not. Rounds are less fungible and Eagles are certified as silver by being a government issued coin

[@Hawkeye2001]

That's my theory

[@jeromeprzybilla9999]

It seems silver eagles are a good buy while premiums are under $5 over spot and then easily sell them when premiums are over $20 again.

[@DSilverman59]

Silver Seeker I've asked several sites like yours for opinions on the new silver eagles with the privy mark in the sealed tubes eligible for NGC ratings as long as the tube remains sealed these are a 500,000 vintage is it worth to buy like $900 a tube I've got no response from any of them

[@SilverSeeker]

I kinda talked about things like that near the end of the video... I like them as collectibles but I wouldn't "stack" them

[@maxfury8193]

The failure here is Mr Seeker's assumption that he's going to get spot for his generic silver rounds.

[@SilverSeeker]

If i can't get spot for rounds I likely also can't get 2 over for eagles...

[@maxfury8193]

I see what you're saying now, My apologies

[@richardladow4734]

What if nobody excepts your silver round for bartering or trade was it such a good deal then?

[@justintaylor7837]

When Hurricane Helene knocked out all utilities in my small hometown, the local CES electrical supply accepted cash gold and silver for generators.

[@UnspokenWords2010]

Well what else do you have to offer Richie?

[@willloudner2789]

Brass and Lead..... the other 2 precious metals.

[@TheMostSlyFox]

Love when people threaten violence when they are told they made bad financial decisions that will cause them hardship lol

[@happymood888]

I was at a jewelry shop I have no money but I had silver on me so I traded it for a gold necklace

[@camelotcandle]

I enjoy all of your videos i learn alot

[@jake8077]

But I miss the ads for some crappy stock that will cost me hundreds of dollars of my money ..its the adds that make the channel so great

[@corvairvert]

good one seeker, thank you

[@tjfultz3818]

I'm with you on this strategy. I did that for my metals IRA, too. More metal for generic and bar pricing vs. less metal for "premium" coins. I believe that the price of silver and gold will rise further over time and presently has more than covered any premiums I paid to get the metal. The bet here is on the metal price alone and not on the market premium.

[@Rufferto12]

I agree, but the numbers would be closer if the difference in the premiums was greater.

[@CoralTheWitch2023]

I was debating which I should buy … Silver Eagles or silver rounds. This video is definitely helpful for my decision! Thank you!

[@poppapawn7535]

YOU CANT RULE OUT THERE IS SOME COLLECTIVITY IN ASE AND PREMIUNS WERE HIGH ON ASE COUULD RETURN SOMEWHAT DEPENDS SOMEWHAT ON WHAT YEARS YOU BUY IN ASE OLDER EAGLES WITHOUT MISSING REED WORTH MORE TO ME AT LESS THAN 2 DOLLARS PER COIN I WOULD BUY EAGLES

[@willloudner2789]

I just bought a few days ago, At my dealer, Rounds were $2.50 over and Eagles were $5 over, I went with Rounds. 90% of what I have in in Buffaloes. However if you want something with US mint, go with Junk pre-64 coins, they're going for about $23 for a dollars worth of dimes or quarters, Trade or barter in junk will be your best option. I really like Morgans too, just for the history, but they tend to go around $31 each at my dealer here in OKC.

[@lewis7394]

Honestly my favorite silver to stack is sovereign bars. Something like 10 oz or kilo silver bars from the Canadian Royal mint are the best of both worlds. The US mint needs to get in on it

[@lawrencecole6527]

The red arrow on the thumbnail looked like an Orville Redenbacher tie. Looked good on you. =D

[@bigdaddyhoffman1911]

Merry Christmas!

[@wasillastacker]

Out of all the Oz in my stack the eagles are the worst milk spotted and toned

[@PatriachalRain]

I couldn’t find the spread sheet. Nice video anyway!

[@matthewp5478]

Costco 2024 ASEs, mint sealed tube: Premium: $2.99/ozt ($1.59/ozt after cashback)

[@richg8529]

How do you buy eagles at Costco? I searched their site and they didn’t come up.

[@TRM83]

The way I buy through Costco my eagles cost about 2 over spot. Very simple decision for me.

[@bensherman8976]

Ive got over 30 BU 1986 ase. Ive got at least 3 of every year all the way up to this year. Been getting them for 32$ a pop as of recently. Thats pretty dam good if you ask me. I was getting those 86s for 45$ a piece at BU. Those babies are 75$-80$ ms . Im actually a 90% guy. I recently reached my 250$ roll goal . Im passed that mark the other day. Ive got over 50$ BU merks and Rosie's git them on the cheap. Got 86 rolls of Washingtons and 17 BU rolls. Thats about a tenth of my collection.

[@charleswest6728]

I’ve seen online dealers paying $1 to $2 back of spot for rounds and $2 to $4 for eagles over spot, eagles are monetized and the coming political environment might want to nationalize silver and gold, being more prone to eagles. But we don’t know yet and I hope you are right.

[@Northland11899]

I live in one of those states that levies sales tax (5.5%) on bullion but not bullion coins. I stick with bullion coins and shop sales to level the playing field.

[@williammcghee267]

Merry Christmas

[@rara1996]

Honestly, i think if you try to sell back generic to a dealer if silver spikes expect that dealers would have to pay back of spot. It will depend on the retail buy demand for silver is at that time or what refineries are paying to melt it down and send to China/India for industrial use (especially if retail demand to buy at those prices drops and everyone is just cashing out or trading up for gold). I think some collectible silver is still worth buying if you are selling directly to collectors. It's all about minimizing premiums on the buy side and maximizing it on the sell side. You would have to market your silver specifically (generic, sovereign, or premium) to what you have and not just donk if all off to a bullion dealer. They will certainly undercut you to ensure their bottom line makes sense to them.

[@ronaldfauver1469]

When I first started i fell pray to lcs's selling me milk spotted and flawed eagles,be careful

[@travdripdrip382]

So here in Florida if i buy rounds there's sales tax until i get past $500 so that comes into play for me personally.

[@sailfly2869]

Since the beginning of September 2024 to now I haven’t stop my buying of slabbed eagles either cost averaging or newly released from the mint., but to my surprise I started buying raw silver again buying mostly Engelhard 5 t.oz vintage loaf bars and Engelhard vintage rounds and lately I have gotten so bored I’m now collecting Silver towne vintage 5 t.oz loaf bars with serial numbers only.

[@michaelminauro4180]

Good stuff

[@gluedown7]

Thank You

[@garyhurd932]

People of all ranks have collected many different things in life even money , so they can leave it to somebody else this is not a good plan , people that earn things this way usually don't respect what's given to them my way I believe you have to earn it then you treasure it. Collecting is usually a waste of time if you're born in money what's wrong with collecting better sense and passing that on .

[@cephasmartin8593]

Watch your online bullion dealers (JM Bullion, etc) for sales or deals. Recently I've bought a bunch of Australian Kangaroos for less than regular rounds. That said, one online bullion dealer offered a great deal on secondary market rounds ... and I bought 60. The Kangaroos were cheap enough that I bought 100 (4 tubes).

[@Just2aguy]

Most LCS buy rounds $2-3 under spot not @…. Most pay +2 today for ASE (dramatically higher in years past) & premiums are low. Math is dramatically flawed for this example.

[@BiggyBollocks]

This is excellent advice as always. Love how you break down the math. The people who pay exorbitant fees for the eagles have never made any sense to me, especially given they’ll never recoup that if selling them. I have a couple of tubes of eagles and they’re beautiful coins, but not worth several dollars an ounce more than the other sovereigns or even rounds.

[@sailfly2869]

Stacker or collector your choice, but either way I always do a little research on eBay so to have confidence in my purchases. eBay tools are a must if you want to survive the ups and downs of the PM markets.

[@TheQuickSilver101]

I like silver Eagles and I have a fair number of them. That said they aren't necessarily the best deal out there most of the time. Besides recognizably their biggest advantage comes only when you're selling 1000 ounces of silver at a time or more and most folks don't sell that much at once

[@blakekogut3045]

I like to have both in my stack more sovereigns for sure but 90% bars rounds numismatics & coins are a good 5 pillar way to diversify your silver stack there's a lot of cool interesting designs for rounds but coins are more well known so it depends on what you want

[@walterswanson3867]

I go with the rounds because I can get more silver for the buck. Another reason is that there seems to be more fake Eagles out there than rounds.

[@johnsanford3596]

yeah, it really sucks when you find out that the premium you paid for that Eagle that turned out to be fake is the entire cost, and you won't be getting any of it back.

[@JoeStacks419]

Seems a few years ago dealers were happy to pay extremely high premiums to get eagles. Why? Because people were standing in line to buy them. Their phones were ringing all day for eagles. $5, $10, $15, $20 over spot and more. SOLD OUT

[@sailfly2869]

I’m curious about how people here do their research before buying or do they when making a decision to purchase PMs. For me I like using eBay tools like sold & completed, filters like most recent & lowest or highest first, population of that category either listed or sold and even looking at bid history to see how many different bidders or is it just between two people. Just stacking or even collecting can be boring at times.

[@ronaldperry]

Thanks

[@happymood888]

I started stacking silver for months ago I started out buying 20 of those Buffalo silver 1 oz coins after that I bought 20 Silver Eagle coins I was not satisfied with what I bought so I started to buy the gold buffalo 1 oz coins next I'm going to buy me a silver gold Eagle 1 oz coin

[@Spearhead-lz1oq]

Generic silver is just less desirable to me.

[@StephenKozlowski]

Thanks for sharing

[@kcnthebay1369]

Questions is really anything called a premium 🙄? Spot 16 we paid 21 at 24 we paid 28 spot 29 we pay 33 so tell me why we not paying spot???? Price gouging is all I see.

[@63dmt]

I prefer official silver (Eagles or junk) to rounds as it will be easier to barter if it comes to that. Also, the premiums on Eagles are more volatile than rounds. So buy when the Eagle premium is relatively low like now and sell when it is high

[@jayybird0096]

This is my method as well. 👌

[@leonearly9593]

Keep stacking no matter how much the price of silver drop?

[@Countywatch]

All true. But I still prefer eagles. In a world of using them as my only currency, there would be no haggling or mystery if they are real.

[@brianm-g6l]

Regarding rounds and bars: Is there any point or value buying .9999 vs. .999?

[@JoeStacks419]

I find no difference in value or popularity between them.

[@johnsanford3596]

Most stackers who put an emphasis on weight are going to be getting primarily 10oz bars as opposed to 1oz rounds. Note that I say "emphasis", not "Weight Above All Else". The WAAE folks will simply get the biggest, cheapest silver they can, i.e. they'll be buying secondary market kilos and 100oz bars if possible. Let's simply ignore them for our discussion, they won't mind. So when you get your mitts on the spreasheet, run it with ASEs vs 10oz bars, round out with 1oz rounds. Again though, spread. Sure, the buy premium on 10oz is less 1oz, but so is the sell-back. So it may or may not work out being better financially going with 10oz. Ya gotta run the numbers, with the recognition that you are merely PREDICTING future sell-back premium.

[@randalldare4027]

What about the tax ''?? They tax bars and rounds??

[@MichaelBrown-x4t]

What's the most common winning investment strategy for a new beginner

[@willloudner2789]

Depends on how much you have/intend to spend on metals. I'm a poor boy, little at a time for me, since time seems to be growing short having something is better than Nothing. As he says in the video,,,,,, in the end Silver will be Silver which ever you get.

[@eldermabrylester7087]

Hahaha the way he said if silver goes to forty or fifty dollars. More is always best. But eagles are the coin of the u.s. so your state government being paid in eagles is accepted for property tax as an example and generic will probably not be, do your research An that's even being marked 999 fine & 1oz. This is great to do all other things and stuff.

[@SilverSeeker]

They'll be accepted at $1 face value bud... you gonna give up your Silver Eagles for $1 each?

[@sailfly2869]

Folks on buying premium Silver if you haven’t noticed things do go up and things do go down, especially premiums and when your LCS gets overwhelmed, guess what Silver they are going to buy. 2024 is a great time period to do your research, for me I buy what I like and have no plans on selling and if I do I will pawn my silver instead of selling.

[@CoinsAZ]

8:48 I've happily bought silver at thousands of $$$$ per ounce....... and have no regrets. That's the going market price for old pieces where the mintage is not in the hundreds of millions like Morgan's (nearly 700 MILLION Morgan's were minted prior to 1922 😲 😱) & ASE's, but less than 100 ever minted!

[@justsomeone6835]

You can get 50 cents above spot on rounds so no on eagles unless you want them they both have the same amount of silver and thats what you selling if need be

[@jaynawilliams8923]

I compromise with silver Krugerrands

[@daviddavey1727]

Rounds for weight

[@AnthonyFryman]

It is always better to get the most silver you can for the money.

[@eaglesavage4929]

10 oz Sliver Bars vs 10 Silver Eagles?

[@jessegomez842]

Lately I am leaning to silver rounds and constitutional dimes. If I find a decent priced random year silver bullion I will jump on it. Use to be Armenian Noahs ark were the lowest. Not anymore. Then silver Philharmonics and Krugerrands yet they have gone up as well. AE have come down but still higher premiums. Silver Red Kangaroos seemed to be the lowest priced bullion currently. You don't mention shipping costs. That's a big deal to me. I like Golden Eagle Coins they are priced competitively and have free shipping for $99+ minimum orders. Disclosure I buy in small quantities. Never a tube in one shot.

[@SSHill-s6t]

The term fiat value has always been considered a mental discrepancy.

[@markhellman-pn3hn]

Michael Jordon sneakers are regular sneakers with a fancy name (hint-hint-hint)

[@sailfly2869]

Pedigree is a big deal to collectors. If you don’t like or understand I would suggest looking into eBay sold sales and paying attention to the population of that category in both listed and sold.

[@markhellman-pn3hn]

@@sailfly2869 now you explained it properly - silver is more expensive if John Lennon used to own it !!

[@sailfly2869]

@@markhellman-pn3hn even George Washington silver was used to mint the first American coinage

[@sailfly2869]

Anyway, like everything else you need to do your homework, eBay has the tools to research with as well as past KZbin videos. For me I have raw silver to sell or pawn locally and certified silver to sell online as-well as building a inventory for a future business say selling at coin shows. Another thing I do at coins shows and LCS is I pay attention to what people are buying. No matter what better to have than not.

[@garyhurd932]

Your channel is very informative, but I have always bought rounds silver is silver eagles just make others rich

[@dukenukem001]

thanks

[@oliver882k]

@0:20 You would be able to get more money for the currency you have***

[@marcusrobinson3054]

I just got eagles for 34.00

[@mykittenisagrandmaster4381]

To me I'd rather have basic silver rounds because it's the same amount of silver just at a cheaper price me personally I think silver eagle's are overpriced because they're a US Mint coin shouldn't mean anything people are not paying more for a silver Britannia that is the same amount of silver the only difference is minted at a different place same with maple leaf coins all the same just made at a different Mint company and country

[@johnsanford3596]

Sovereign coin bullion gets different tax treatment in many jurisdictions and some situations, so it can make sense.

[@NickelNationCoinsMore]

👍

[@titiung]

Generic Silver rounds all the way, the CHEAPEST silver is what you should buy. A dollar now is worth MORE Than a dollar 1, 2, 5, 10, or 20 years from now when you need to cash out your silver. So if you pay more premium for your silver eagle then later on down the road hoping to get some of your premium back, you will NEVER get back your premium because the value of your $3 premium now is worth more than $3, $5, or even $7 premium 10 years from now. ALSO, the future is uncertain, coin shop might not even care about silver eagle vs round in the future and it all boils down to the price per oz.

[@sailfly2869]

Just being a smart buyer sometimes isn’t enough, sometimes time isn’t always on your side.

[@gregorygibson5455]

Hello Silver Seeker

[@livinthedream7714]

Buy Au

[@garyhurd932]

Quit buying eagles and the prices will come down be smart don't feed the mega companys

[@SW-rb9cr]

👏 👏 👏 👏 👏 👏 👏

[@williamfender661]

If you are not buying eagles, you are making a big mistake.

[@PlasmaBurns]

from looking at your left eyelid I can tell you got the Jab and the booster.

[@TheMostSlyFox]

Premiums still too high