Junk Silver vs Bullion

[NoOneButPaul]

I recently decided to invest all my savings into silver. I was then faced with the decision between bullion or junk silver.

After careful consideration I bought a little bit of both but would ultimately like to stick with one or the other in the future.

Does anyone have any concrete advice on the matter? Right now i've got some bars and a bunch of Kennedy half dollars (some I bought and some I already had).

Would it be wise to trade in one for the other, or stick with both? I'm pretty new to investing in physical silver so I would love any input.

Thanks.

[KEEF]

I buy both. Some say junk Ag so that you are not breaking pieces off of the larger bullion when the collapse comes (which is why I buy junk Ag). I buy the bullion for the quantity and it is easier to keep track of.

My 2 cents

[MoneyWhereMyMouthIs2]

I recently decided to invest all my savings into silver. I was then faced with the decision between bullion or junk silver.

After careful consideration I bought a little bit of both but would ultimately like to stick with one or the other in the future.

I would rethink that. My concrete advice (consider it my opinion) is to diversify, at least some.

I think the decision between junk silver and bullion depends on 1 - what bullion (how easily is it identified or assayed?) and 2 - how much portability matters to you.

If you need to jump in the car and leave, junk silver weighs a lot more, takes more space, and more time to screw with. However, it will likely be easily recognized for quite some time and people may readily accept it for silver content without being metal experts.

Either way, if it were me, I would at least throw some gold in the mix for the extreme difference in portability. No matter what happens, you can always trade it for silver later.

If I had to get the fuck out of town the heaviest things I want to carry are gasoline and water.

[NoOneButPaul]

I would rethink that. My concrete advice (consider it my opinion) is to diversify, at least some.

I think the decision between junk silver and bullion depends on 1 - what bullion (how easily is it identified or assayed?) and 2 - how much portability matters to you.

If you need to jump in the car and leave, junk silver weighs a lot more, takes more space, and more time to screw with. However, it will likely be easily recognized for quite some time and people may readily accept it for silver content without being metal experts.

Either way, if it were me, I would at least throw some gold in the mix for the extreme difference in portability. No matter what happens, you can always trade it for silver later.

If I had to get the fuck out of town the heaviest things I want to carry are gasoline and water.

I would be all for diversifying if I didn't think silver was one of the safest bets around, and I would include gold with my bulk silver purchases except I feel like silver may end up being the safer bet (and trying to barter with 1Oz Gold would be near impossible imo). I like having the junk because if the collapse comes it will hold a lot of value and be much easier to trade, but I also tend to think the collapse will not be the anarchy most people think it will AT FIRST.

I tend to think the government will enact more and more laws and regulations to keep the currency afloat and that's when Silver will hit 400-500$ an OZ.

I think i'll keep buying both but I want to hear your guys input because I know a lot of you have been doing this much longer than I have.

What I would do to go back 12 years and stock up... on the other hand I still don't think the upward trend is close to finished and in 12 years I don't want to be saying the same thing all over again with Silver is 200$

[Deborah K]

We bought mostly junk silver for trading in the event shtf. When we bought, silver was around 9.50 an ounce so we're pretty happy about that. We've also invested in items for barter such as hygiene products, liquor, and so on.

I recommend buying seeds too. You can store them in glass jars in a cool dry place and they'll keep for years. Small seeds for a few years, larger seeds for up to twenty, so they say. Buy them from an heirloom company like Bakerscreek. These could turn out to be the most valuable thing you have. http://rareseeds.com/

[McChronagle]

unless you can get a pretty sizable amount of silver id get silver eagles instead of bars and 90% junk silver instead of stuff like 40% coins, also i would get at least some gld. just my opinion but i dont see any reason to hold 40% coins if you have them for metal value. i dont know of any reason why a kennedy half would be better but i havent put too much thought into it. id also continue getting .999 and 90% coins instead of sticking with one over the other.

[NoOneButPaul]

^That leads me to another question... are all pre-1965 coins 90% silver or only some of them? Which coins only have 40%?

Honestly it doesn't bother me too much because I look at it like silver is silver and if it's only 40% then it's going to be much cheaper than 90% but I really would like to know which coins have which just incase my mindset changes or a dealer tries to sell my 40percenters for a 90% price.

[LibertyRevolution]

^That leads me to another question... are all pre-1965 coins 90% silver or only some of them? Which coins only have 40%?

Honestly it doesn't bother me too much because I look at it like silver is silver and if it's only 40% then it's going to be much cheaper than 90% but I really would like to know which coins have which just incase my mindset changes or a dealer tries to sell my 40percenters for a 90% price.

This is my problem with junk silver.. people just don't know its value anymore..

If shtf, you really think people are going to want to check dates on 100 of coins during barter?
I wont, I will tell you to come back with .999 or better if you want my goods.

I went with 1oz silver maples and 1oz name recognized bullion for when SHTF.

[brandon]

"Investing" all of your savings in silver is an absolutely terrible idea. Especially at these current prices. I don't know your financial situation. If you share some more info on your income/savings rate/assets I can help you come up with a better idea.

As a general rule of thumb, I wouldn't put more than 10% of your total net worth into gold/silver. Your first priority should be an emergency savings in cash. Next priority, make sure you are contributing to tax advantaged accounts and putting the money into funds that reflect your current age and risk tolerance. I suggest you do some serious research into personal finance before making this decision.

[Shane Harris]

This is my problem with junk silver.. people just don't know its value anymore..

If shtf, you really think people are going to want to check dates on 100 of coins during barter?
I wont, I will tell you to come back with .999 or better if you want my goods.

I went with 1oz silver maples and 1oz name recognized bullion for when SHTF.

This was my rationale as well. I do the same. Maples, Eagles, Libertads, Philharmonics, Brittanias, and Buffalo Rounds are what I buy.