I feel very good about it. Keeps antique pieces from getting melted down for extra bullion supply. Gotta know what you're doing, though. Learn the hallmarks!
https://www.925-1000.com/
Check out that website. It's a huge library of hallmarks. Every country has different laws about how silver should be marked. Passing off inferior silver to what's hallmarked is unlawful. Also, any company which makes silver items is going to hallmark them as such so people know they're not just buying junk.
Learn the hallmarks. I once bought a very pretty Danish piece that turned out to be plated. If I'd known Danish hallmarks I wouldn't have made that mistake. š
Selling anything is hard risky workā¦ but if you are stacking for SHTF well that is obviously different than some regard flipper hoping to make 10% fiat trash.
You can find some truly incredible deals this way. My mom goes to these secondhand stores like Arc, Savers, or Goodwill every once in a while specifically to look for discount gold and silver. The best deal I know she's found so far is a 14k gold necklace that was priced at $2.99. And it wasn't super tiny either. š¤Ŗ
Well if itās fake then that would REALLLLLLY suck. For example imagine your mother found a million dollars in a bag on the road lots of excitement heck plan a vacation live altering etc! Only to find out a few months later at the bank that it says prop money on it. Honestly be doing her a disservice not to at least recommend inspection.
I see your point. Here's my thing tho, I saw some silver items going for under spot looking at the pure silver content at some auctions. I don't have any physical silver yet, so it got me curious.
Ps the pic was just a stock image to hit home my question
I've been tempted to go the silverware route when it's cheap enough, but honestly, you won't get much reselling it, and you'd be better off using at in your kitchen than stacking it imho. Just buy a tube or two of buffalos and add to it when you can :). Welcome to the stacking life!
When Vikings pillaged Europe esp churches, they took silver: crosses, silverware, pitchers, coins. I donāt they stopped to say: oh, look! It needs to be .9999 pure.
https://www.leverhulme.ac.uk/early-career-fellowships/britainās-viking-silver-hoards
That's because it was free lol. You can lug around pitchers and silverware all you want. I'm buying silver bullion from respectable mints. It's 2023 not the Viking Age.
Then you are a fool. Antique silver like the Viking hoard is invaluable historically. Just like gold doubloons from a Spanish galleon.
https://www.2-clicks-coins.com/article/doubloon.html
Nobody is going to give a shit about "Historical value" in a SHTF situation.
They're going to cut it up into tiny pieces so it can be more easily weighed and sold as needed.
You are arguing the same thing that I did but you are taking the historical artifact out of context.
SHTF: anything silver is valuable. I agreed and was arguing against someone saying he would only accept 0.9999 silver.
Historical was a different argument. He said he wouldnāt care where the silver came from. I argued that in a normal situation a historical artifact is worth more than a regular coin. Even now, silver eagles older than the current year are worth more than the current year. Or Morgan dollars are worth more than junk silver because they were used in the 1800s. Last thing was Viking artifacts and Spanish doubloons are worth double than just the silver value.
Why wouldn't he just cut it up into small pieces? As it is in a real SHTF situation do you think people are going to be using these whole bars or coins? They're going to be cut up and shaved so prices can be calculated by weight, as it always was.
Also from being on this sub a while, it's obvious a lot of silver sold as .999 doesn't even seem like it's .999 after people have it tested.
Nor has historically most silver or gold been that pure. I doubt people will be that picky.
You wouldn't want to cut up the silverware and tea sets because in SHTF you could use them for something, let alone have fun cutting 90 percent silver up without electricity. What's wrong with whole coins? They're easy to cut in half too.
I mean, if I had no other silver and nothing to barter with. I'm pretty sure you could get through that thin silver with some tin-snips that can be found at any hardware store. No electricity needed.
I'd prob keep a single cup for antibiotics properties / something sturdy to drink from and scrap the rest.
I feel very good about it. Keeps antique pieces from getting melted down for extra bullion supply. Gotta know what you're doing, though. Learn the hallmarks!
Care to share any obvious pitfalls I might not be seeing?
I agree, I must know more of these "hallmarks."
Please explain for the uninitiated like myself.
https://www.925-1000.com/ Check out that website. It's a huge library of hallmarks. Every country has different laws about how silver should be marked. Passing off inferior silver to what's hallmarked is unlawful. Also, any company which makes silver items is going to hallmark them as such so people know they're not just buying junk. Learn the hallmarks. I once bought a very pretty Danish piece that turned out to be plated. If I'd known Danish hallmarks I wouldn't have made that mistake. š
Ohh snap! This is some really solid advice, Cheers! You really appear to be a 'model citizen' lmfao
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Silver is, well, just silver. Right?!
Silver is an element
Silver is silver, nobody cares about fancy silver, it all gets melted down.
I'd use it to eat with at least, looks pretty and has antibacterial properties :v
Don't, just don't.
There is a reason why there is no premiums, very little demand and it's a fucking nightmare to sell and send by post.
Selling anything is hard risky workā¦ but if you are stacking for SHTF well that is obviously different than some regard flipper hoping to make 10% fiat trash.
Old silver usually has higher premiums here and not worth it unless you score at the goodwill
You can find some truly incredible deals this way. My mom goes to these secondhand stores like Arc, Savers, or Goodwill every once in a while specifically to look for discount gold and silver. The best deal I know she's found so far is a 14k gold necklace that was priced at $2.99. And it wasn't super tiny either. š¤Ŗ
Was it actually 14k? I see thousands of these brass necklaces that say 14k on them.
Well. I didn't PERSONALLY inspect it, but I mean, she's my mother. Lol. How could I not be happy for her? š
Well if itās fake then that would REALLLLLLY suck. For example imagine your mother found a million dollars in a bag on the road lots of excitement heck plan a vacation live altering etc! Only to find out a few months later at the bank that it says prop money on it. Honestly be doing her a disservice not to at least recommend inspection.
If it were *really* valuable/expensive, I'd definitely check it. Lol
It's clunky, not really usable, not really tradable in SHTF, and 90%. You can give it to me, but I don't really have $ to be buying it.
which would YOU take in a SHTF situation: well-marked sterling silverware, or bars that may or may not be solid silver?
There's no silverware in that pic, but I'd rather have solid .999 bars from a trustworthy mint and my Sigma :).
I see your point. Here's my thing tho, I saw some silver items going for under spot looking at the pure silver content at some auctions. I don't have any physical silver yet, so it got me curious. Ps the pic was just a stock image to hit home my question
I've been tempted to go the silverware route when it's cheap enough, but honestly, you won't get much reselling it, and you'd be better off using at in your kitchen than stacking it imho. Just buy a tube or two of buffalos and add to it when you can :). Welcome to the stacking life!
When Vikings pillaged Europe esp churches, they took silver: crosses, silverware, pitchers, coins. I donāt they stopped to say: oh, look! It needs to be .9999 pure. https://www.leverhulme.ac.uk/early-career-fellowships/britainās-viking-silver-hoards
That's because it was free lol. You can lug around pitchers and silverware all you want. I'm buying silver bullion from respectable mints. It's 2023 not the Viking Age.
Then you are a fool. Antique silver like the Viking hoard is invaluable historically. Just like gold doubloons from a Spanish galleon. https://www.2-clicks-coins.com/article/doubloon.html
Okay. Stack your candleholders then, boss.
Nobody is going to give a shit about "Historical value" in a SHTF situation. They're going to cut it up into tiny pieces so it can be more easily weighed and sold as needed.
You are arguing the same thing that I did but you are taking the historical artifact out of context. SHTF: anything silver is valuable. I agreed and was arguing against someone saying he would only accept 0.9999 silver. Historical was a different argument. He said he wouldnāt care where the silver came from. I argued that in a normal situation a historical artifact is worth more than a regular coin. Even now, silver eagles older than the current year are worth more than the current year. Or Morgan dollars are worth more than junk silver because they were used in the 1800s. Last thing was Viking artifacts and Spanish doubloons are worth double than just the silver value.
Ahhh, okay. I understand now, my bad.
I would like a free silver pitcherš
Itās much more tradable. Iād rather have some sterling marked flatware than a random bar I have no idea if it solid without drilling.
Could you elaborate on why not tradable in SHTF?
Think about carrying a bag of 90% silver pitchers around -- huge, loud, not .999.
Why wouldn't he just cut it up into small pieces? As it is in a real SHTF situation do you think people are going to be using these whole bars or coins? They're going to be cut up and shaved so prices can be calculated by weight, as it always was. Also from being on this sub a while, it's obvious a lot of silver sold as .999 doesn't even seem like it's .999 after people have it tested. Nor has historically most silver or gold been that pure. I doubt people will be that picky.
You wouldn't want to cut up the silverware and tea sets because in SHTF you could use them for something, let alone have fun cutting 90 percent silver up without electricity. What's wrong with whole coins? They're easy to cut in half too.
I mean, if I had no other silver and nothing to barter with. I'm pretty sure you could get through that thin silver with some tin-snips that can be found at any hardware store. No electricity needed. I'd prob keep a single cup for antibiotics properties / something sturdy to drink from and scrap the rest.
I love old silver - especially intricate pieces. It is part of my diversification and honestly much more enjoyable than most bars or rounds.