My silver is about 50/50, half “coins” half “rounds”. The tiny island of Tuvalu is a good example. As it’s head of state is the queen, Perth mint (I think) pay them to use their name to release all sorts of “coins” with the queens head on the reverse, for the collectors market but it is actually legal tender. Although trade in Tuvalu is probably done with goats and chickens and small children. But technically it’s legal tender. Rounds on the other hand are made for collectors with loads of different interests, Britannia’s, maples, krugerrands, eagles, libertads etc are generally produced for stackers unless collectors go for date runs or proofs etc.So.. what does it cost to commission an image onto a coin? Can anyone just submit an image and get it stamped?
didn’t realise they had so many court cases. Franklin mint is just over priced tat. Lots of folk are disappointed when they try selling their collection on the secondary market. Collection / stacking investing in silver is fun but seems it won’t make you much money unless you invest in the first piece of a collection that suddenly becomes popular and others start to collect the set and they need the first one they missed out on. (Spider-Man in the marvel series is a great example of this) the scotiabank story is an interesting one. Here the royal mint produced a Big Ben £100 silver coin as a commemorative piece as legal tender. Essentially it’s just 1oz of silver. Various outlets sold them as a loss leader and the savvy were snapping them up and taking them to the banks and depositing the £100 into their accounts. Banks were a bit slow to catch on but eventually stopped taking them but the argument over the term “legal tender” still goes on. In simple terms. “Legal tender” can be refused unless it’s a debt, so once you offer legal tender to settle a debt is someone refuses to take it you are no longer responsible for that debt. The easiest one is a court fine. Courts have to accept legal tender once it’s been established that it’s a debt (hence the videos where disgruntled folk settle debts with 72 thousands pennies or something) more interesting are those folk who are bored and a bit of free time on their hands and decide to buy fuel with a commemorative coin. The argument is once you put your fuel in you now have a debt and the garage has to accept “legal tender” when you settle the debt.Consider myself educated
Didn't understand what was meant by 'quality', milk spotting explains that. Or the difference between a public or private Mint and what they produce. Just spent some time looking it up and the Franklin Mint's legal battles, particularly with Princess Diana's Trust are entertaining reading.
Only just saw this on the news the other day and my interest was piqued on your investments and how it worked:
https://toronto.ctvnews.ca/scotiabank-refuses-to-buy-back-ontario-woman-s-gold-and-silver-1.6033186
there's a while u derground market for silver, I've never dealt with the banks. It comes at a premium outside the banks. Silver actually goes for about 33-34 bux Canadian in reality when it comes to dealing with physical bullionConsider myself educated
Didn't understand what was meant by 'quality', milk spotting explains that. Or the difference between a public or private Mint and what they produce. Just spent some time looking it up and the Franklin Mint's legal battles, particularly with Princess Diana's Trust are entertaining reading.
Only just saw this on the news the other day and my interest was piqued on your investments and how it worked:
https://toronto.ctvnews.ca/scotiabank-refuses-to-buy-back-ontario-woman-s-gold-and-silver-1.6033186
didn’t realise they had so many court cases. Franklin mint is just over priced tat.
Yeah there’s no co-relation between Spot and physical silver (although new rounds spot is generally factored in when the price is released but it’s pennies per Oz usually) I think they have too tight a grip on spot at the moment for it to fly. I’ve expected it for a long time but it’s not happened. Didn’t Reddit readers try someone a couple of years ago that failed?there's a while u derground market for silver, I've never dealt with the banks. It comes at a premium outside the banks. Silver actually goes for about 33-34 bux Canadian in reality when it comes to dealing with physical bullion
there's a reason they're trying to suppress it, the same reason they phased it out in the first place from our coinage. they don't want the common idiot to figure out the game.
That Italian chef would be rolling in itThat said, I recently read that Come is down to only 53 Million ounces physical
Still don’t really understand why the price is being suppressed, what’s the benefit. Unless it’s being manipulated for a rainy day when all else fails.Remember back in 2011 silver did hit about 50 US but they squashed that rally flat.
and yes those redditora wanted to pull a Hunt brothers but nothing came of it
I used to stack, had over $ 10,000 in silver lying around
That’s the way forward and logical to me.Back in around 2008 I would have been considered a fucking lunatic, I had mostly stacks of silver, some gold, a Baretta semi auto shot gun and cases upon cases of shotgun shells in my apartment