Can’t justify spending £150 on an Oz of silver.

So.. what does it cost to commission an image onto a coin? Can anyone just submit an image and get it stamped? :unsure:
 
sabredunce said:
So.. what does it cost to commission an image onto a coin? Can anyone just submit an image and get it stamped? :unsure:
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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.
not sure of the cost but yes, anyone can design a round or a series of round and have them made. If it’s not your bag you won’t know but the amount of silver (and gold) coins that are made for the collectors market is unreal. The Royal mint is usually shit quality with milk spitting but have released some interesting stuff over the last few years. “Rock Legends” Queen, Elton John, The Who, and David Bowie. Myths and legends set is the Robin Hood characters. Perth mint had released different sets for years Kooks, kangaroos, birds of prey etc too many to mention but I stay clear of them as they are faked to fuck being so close to China. Shit loads of Disney stuff out there. Sets im collecting at the moment. Black flag series, Pirates of the Caribbean, lion king, league of justice set. That round I uploaded of the queen is called “Nazi bride” from silver shield. They started the set in 2013 with “Slave Queen” think there’s 7 or 8 or so in the set (which I have) others include “big mother” “royal invader” Silver shield is by far the most political out there although I like the few that crescent city silver do. I bought a two ounce proof Nazi bride around three years ago for £45. They want over £400 for it on eBay now.
 
Consider myself educated (y)
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
 
sabredunce said:
Consider myself educated (y)
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
Click to expand...
😳 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.
It usually ends in plod being called, conversations between the all three party’s, coins being confiscated and taken away in evidence. Said coins being returned to the original owner, an apology issued to the original owner and the petrol station being told it’s legal tender to pay the debt and it’s up to them to either accept the coins or take a legal route to get their money back as it’s a civil matter not a police matter and the petrol station telling the folk to shove the coins up their arse and banning the folk from every petrol station/ store they own in the UK. Although some actually apologise and say they were in the wrong an admit that as the law stands they should have accepted the coins in the first place. I guess some folk have lots of time on their hands or do it for click bait. Generally though, Brits, maples, eagles etc had a legal tender value of 2, be it pounds dollars etc etc so if you’re using them you would be mad to spend £2 on something that’s cost you £20 ish
 
0A71B018-8064-4A11-BD98-8EF89CC463DC.pngGood example of “legal tender” from Tuvalu and Spider-Man. It cost around £20 to £25 to buy new in 2017 from dealers. Live on e-bay at the moment with 8 bids, I reckon it’ll go for £140. Sitting at £112 at the moment with 13 hours left.

67C3CAA9-F190-4F2C-90E5-D716D50D0664.png
 
There’s a guy in the UK who must have loads of time on his hands. It seems to be his hobby buying legal tender coins on the secondary market and then trying to spend them on fuel. This is part one of a saga that went on for a couple of years. The copper is a typical one here in the UK. Size of his ego far outweighs the size of his intelligence. This is part one, the other parts are out there on his channel. But basically the copper arrests him, he’s interviewed, released, after a few months he’s told he won’t face charges but the police believe he knowingly tried to leave without paying for fuel. He Sue’s the police for wrongful arrest and wins £5’000 in compo. The video is the start of the saga.

 
sabredunce said:
Consider myself educated (y)
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
Click to expand...
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.
 
Richardvanles said:
😳 didn’t realise they had so many court cases. Franklin mint is just over priced tat.
Click to expand...

True, but they always seem to win. Diana's Trust tried to copyright her image, the Franklin Mint said 'f*ck you' and started churning out dolls, dinner plates etc. The trust sued them and lost, wound up paying £17,000 in damages. They churn out sh*t the Americans love so much. Norman Rockwell coins, kittens stuck in trees and LOTS of 9/11 stuff. However their solid silver die-cast 'Great Aircraft of WWII' collection is cool as all hell.

So really, it's no different than the 50's after the Bretton Woods Agreement. Gold was deflated and sold at a fixed rate, so you just went to India or Macao to get round it and cashed in instead.
 
Big Knob Joe Gooner said:
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.
Click to expand...
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?
Problem is they’re selling a never ending paper supply of silver at a spot price they determined, what is it now, five times the amount of paper silver owned that there is physical silver above ground. But try to turn your paper into physical and they point you to the small print. They have the right to refund you in cash at the spot price at the time so you’re stitched up both ways. Optimistic stackers (like I used to be) think that one day the chain will be broken and physical will fly but I’m not so sure now. Historically, an ounce of silver should be a days pay generally. Gold to silver ratio was around 16/1 in 1980. Nowadays is between 80 to 100/1.
There are those that believe that if everything goes tits up silver will be the most important metal to own for trading etc but that will only take place once you’re out the other side and you’ll need food, water, shelter and guns to make sure you get through the other side and keep hold of your silver.
The key is technology, how much physical silver will we need for the future, batteries solar panels hard drives etc etc. But don’t forget most of the silver mines world wide have closed as it’s not profitable mining for the spot price, generally mined silver is a by product of something else being mined, if the demand for physical silver rises sharply there’s enough mothballed silver mines to reopen and while spot would have to rise to make it worth mining it wouldn’t be massive. Maybe one day they will invent some synthetic replacement with the same properties of silver to screw silver up also. I’ll still collect/ stack it but more for fun rather than expectation of a big pay day.
 
Jesus VanLes, you sound like me. Everything you said is correct. I used to stack, had over $ 10,000 in silver lying around. Now I just started again with a goal of 100 oz physical just in case
 
Big Knob Joe Gooner said:
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
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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.
 
If the paper owners of silver outnumber the amount of physical silver by five, that's a classic pyramid scheme.

I used to stack, had over $ 10,000 in silver lying around
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What's that in Pound sterling? £2.50? You need to buy Tielemans with your investment money, Joe. He's worth every penny.
fo6qxef.gif

Personally, I'm investing in endangered species. Supply and demand dictates that the less of an item is available, the greater the demand for it. I secure as many of these endangered creatures as I can and stockpile them in my basement or toolshed. I have no expenditures aside from the cost of traps.
Then I wait.
When I hear about extinction, I'll make my move.
 
Two years since this happened. Although 2 employees have just been jailed over it. Silver has to boom at some point you would think.


www.reuters.com

JPMorgan to pay $920 million for manipulating precious metals, treasury market

JPMorgan Chase & Co has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the U.S. authorities said on Tuesday.
www.reuters.com www.reuters.com
 
they say that silvers use in high tech will go from 35% to 80%, not sure if they can keep the price down then or not. I've got both legs in on silver, and I'm sure it will come good. The thing is, if it is released there is no limit to where it could go.
 
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
 
Big Knob Joe Gooner said:
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
Click to expand...
That’s the way forward and logical to me.
Think we’re into the great reset. Not guaranteed who will win yet. Them or us.
 
And spot has just dropped to £15:50. ☠️
Shame it means absolutely nothing to physical price else I’d be filling my boots at that price.
 
Something's up, I'm definitely getting nervous. Don't have the shotgun any more but I have a fully-automatic pellet/BB gun that I certainly wouldn't want to get shot with.

Imagine getting hit with 30 BB's at 400+ fps, that would sting I imagine.

Check silver price it's $7.89 over spot per physical ounce, yikes.
 
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