Investing in Silver

[Guest Se7en3]

Hey

Aside from purchasing a 1oz Gold Eagle last year and 1oz silver liberty (I think it was) I have no experience of coins at all. My aim is that I want to invest in physical silver and get the best deal possible naturally. So I am really only interested in buying "junk" silver coins.

One thing that I did learn was that buying silver in the UK is very expensive - the 1 oz coin cost me £18. From what I understand though it is possible to buy pre decimal silver coins like shillings, florins and half crowns without VAT added so I can get much closer to spot price. Is this correct?

"The main thing to know about UK coins is that before 1947 silver coins are actually silver : 50% silver from 1920 - 1946, almost full silver pre-1920." I found this going through the site. I assume then that coins after 1947 contain no silver at all and should be avoided?

How to value the coins? Is it a matter of knowing the weight of the coin, the silver content and todays spot price? Is this the price I am likely to get it at or will I more than likely pay a premium on top of that? Assuming this is so are there any resources where I can see the weight of each coin?

I'd appreciate any advice you could give or maybe point me in the direction of some good resources (books,links).

Thank you

Se7en3

[choolie]

Hey

Aside from purchasing a 1oz Gold Eagle last year and 1oz silver liberty (I think it was) I have no experience of coins at all. My aim is that I want to invest in physical silver and get the best deal possible naturally. So I am really only interested in buying "junk" silver coins.

One thing that I did learn was that buying silver in the UK is very expensive - the 1 oz coin cost me £18. From what I understand though it is possible to buy pre decimal silver coins like shillings, florins and half crowns without VAT added so I can get much closer to spot price. Is this correct?

"The main thing to know about UK coins is that before 1947 silver coins are actually silver : 50% silver from 1920 - 1946, almost full silver pre-1920." I found this going through the site. I assume then that coins after 1947 contain no silver at all and should be avoided?

How to value the coins? Is it a matter of knowing the weight of the coin, the silver content and todays spot price? Is this the price I am likely to get it at or will I more than likely pay a premium on top of that? Assuming this is so are there any resources where I can see the weight of each coin?

I'd appreciate any advice you could give or maybe point me in the direction of some good resources (books,links).

Thank you

Se7en3

If you want bullion silver coins try coininvestdirect

My link

They will recommend this site on investors websites as well. You have to pay VAT on silver but not on gold. you can buy bullion bars from that website as well which sounds like it might be better for you

Old coins in good condition will have value greater than their silver content.

The others on this website might help you with that.

[jago]

Actually I heard there are some coins that ARE worth the effort; 50% silver, very common AND no VAT because they are previous tender/collectors coins.

I can't remember off the top of my head which ones they are but the problem I ran into was that I wanted to buy tons of them and I couldn't find anywhere to do that.

So annoyingly so far I have to pay VAT...

until I can get this British solution to work.

If you find any info please let me know!

Hey

Aside from purchasing a 1oz Gold Eagle last year and 1oz silver liberty (I think it was) I have no experience of coins at all. My aim is that I want to invest in physical silver and get the best deal possible naturally. So I am really only interested in buying "junk" silver coins.

One thing that I did learn was that buying silver in the UK is very expensive - the 1 oz coin cost me £18. From what I understand though it is possible to buy pre decimal silver coins like shillings, florins and half crowns without VAT added so I can get much closer to spot price. Is this correct?

"The main thing to know about UK coins is that before 1947 silver coins are actually silver : 50% silver from 1920 - 1946, almost full silver pre-1920." I found this going through the site. I assume then that coins after 1947 contain no silver at all and should be avoided?

How to value the coins? Is it a matter of knowing the weight of the coin, the silver content and todays spot price? Is this the price I am likely to get it at or will I more than likely pay a premium on top of that? Assuming this is so are there any resources where I can see the weight of each coin?

I'd appreciate any advice you could give or maybe point me in the direction of some good resources (books,links).

Thank you

Se7en3

If you want bullion silver coins try coininvestdirect

My link

They will recommend this site on investors websites as well. You have to pay VAT on silver but not on gold. you can buy bullion bars from that website as well which sounds like it might be better for you

Old coins in good condition will have value greater than their silver content.

The others on this website might help you with that.

[jago]

If anyone would like to sell me any 1920-1947 poor condition coins get in touch with us both.

Actually I heard there are some coins that ARE worth the effort; 50% silver, very common AND no VAT because they are previous tender/collectors coins.

I can't remember off the top of my head which ones they are but the problem I ran into was that I wanted to buy tons of them and I couldn't find anywhere to do that.

So annoyingly so far I have to pay VAT...

until I can get this British solution to work.

If you find any info please let me know!

Hey

Aside from purchasing a 1oz Gold Eagle last year and 1oz silver liberty (I think it was) I have no experience of coins at all. My aim is that I want to invest in physical silver and get the best deal possible naturally. So I am really only interested in buying "junk" silver coins.

One thing that I did learn was that buying silver in the UK is very expensive - the 1 oz coin cost me £18. From what I understand though it is possible to buy pre decimal silver coins like shillings, florins and half crowns without VAT added so I can get much closer to spot price. Is this correct?

"The main thing to know about UK coins is that before 1947 silver coins are actually silver : 50% silver from 1920 - 1946, almost full silver pre-1920." I found this going through the site. I assume then that coins after 1947 contain no silver at all and should be avoided?

How to value the coins? Is it a matter of knowing the weight of the coin, the silver content and todays spot price? Is this the price I am likely to get it at or will I more than likely pay a premium on top of that? Assuming this is so are there any resources where I can see the weight of each coin?

I'd appreciate any advice you could give or maybe point me in the direction of some good resources (books,links).

Thank you

Se7en3

If you want bullion silver coins try coininvestdirect

My link

They will recommend this site on investors websites as well. You have to pay VAT on silver but not on gold. you can buy bullion bars from that website as well which sounds like it might be better for you

Old coins in good condition will have value greater than their silver content.

The others on this website might help you with that.