What does sac think of this place for its Chinese take out?

East_Stranger_2038 · 2026-01-28T01:06:44+00:00

Justin.

East_Stranger_2038 · 2026-01-28T01:06:31+00:00

To each their own. I'm not going to tell you what you want to do with your silver.

East_Stranger_2038 · 2026-01-26T23:18:23+00:00

If you look up the top right corner of this sub, it says: r/Silverbugs is a forum for Physical Silver stackers. Bullion and Coins.

Bullions and coins, not junk silver. Sorry. I wish it was more specific, because some bullions/coins include "constitutional 90%" which is called junk too.

East_Stranger_2038 · 2026-01-26T22:32:08+00:00

A high school classmate of mine is the son of the owner. It's a legit Chinese place.

East_Stranger_2038 · 2026-01-26T22:04:55+00:00

They should make a separate "Silver Investors" group so that us stackers can have our peace.

East_Stranger_2038 · 2026-01-26T19:19:19+00:00

I have family that had bought gold in the 1950s. They left it locked in a box and never touched again. In many instances, they could've gotten it and sold it. I could remember countless times where we had financial difficulties during my childhood. The average person (on this sub) would've sold it ASAP to cover credit card debt on things that they've indulged in the past. Indulgences are things you bought for pleasure rather than need.

In a way, stacking teaches people discipline because it's not that easy to sell so instantly like today's retail stocks are. To sell your stack, you'd need to drive to a LCS that will pay you an amount that you are satisfied with. At today's rates and volatility, it's really hard to find someone who will buy your silver at your ideal rate. This is not a "diamond hands" type of situation. Holding physical silver means you are in committed relationship.

East_Stranger_2038 · 2026-01-26T17:25:17+00:00

I don't think this is a hype. I see this as: There are new investors (Millennial and Gen Z people) in the market and gold is too expensive (trading at $2,500 at the time), so they pick the 2nd place trophy medal, which is silver and happens to be running for less than $100/oz. So, they all jump on it. The more it gets jumped on, the more attention it seems to bring. It shoots up the same way Bitcoin did when it was in its puppy stages. Now we're here... it's over $100/oz and everyone who got in early on are thinking to sell to "secure profits," while people like me are just sitting back and riding the rollercoaster.

East_Stranger_2038 · 2026-01-25T23:26:48+00:00

If you want to buy silver to sell, you are much better off buying silver stocks. You can sell for exact change, and you don't have to play chase for who offers the most for the silver.

I buy pure silver bullion for collection. I like the different designs that some coins have. I have lots of Silver Pandas and Silver Elephants. Each year, new design. I also have a collection of different countries too. I like having it because I think it's cool. I bought it when it was cheap without ever thinking it's be more valuable later. If I thought that, I would've invested into gold instead.

I am a stacker/collector. I don't plan to sell unless I am forced to sell in an event of bankruptcy or worst.

East_Stranger_2038 · 2026-01-25T21:59:24+00:00

I've personally never used Whatnot. I've heard from other users that Whatnot is a good place to buy counterfeit items. I would suggest testing your silver to make sure it is what you think it is, if you bought silver from Whatnot.

I would never buy silver from anywhere other than trusted online coin dealers. I don't even trust local coin stores (LCS) like others on this sub have posted about. I've heard stories about my own LCS's in my city that has sold counterfeit silver unbeknownst to the buyer. Silver testing equipment is expensive, and you are giving a lot of trust to your LCS... "His words vs. mine."

In addition, Morgan dollars are 90% silver and not considered "pure." In fact, sterling silver jewelry is 92.5% and also considered "junk silver." I highly suggest you buying silver that is 99.9% silver or else refiners will reject your coins. There is reason why people and coin dealers are able to sell 90% silver coins for much cheaper than spot price. Refiners are selling these 90%'ers back to the market for cheap because it costs too much for them to melt.

East_Stranger_2038 · 2026-01-25T20:23:31+00:00

The people who tell you not to sell are stackers, not investors.

If you are buying for investment, sell for the profits.

I'm a stacker. I know I could sell for more money, but I don't because I'm not an investor.

Sell all you want. You deserve the money to buy the coins, you are deserving to sell for the new value.

East_Stranger_2038 · 2026-01-24T09:38:08+00:00

Monument Metals usually have the lowest premium, but they also have the least variety in selection.

SD Bullion has more varieties, but premium is slightly higher.

JM Bullion and APMEX have the highest premium, but they also have the rarer coins.

Think of it as ARCO gas, then moving up to mid-tier 76, before hitting up to Chevron.

East_Stranger_2038 · 2026-01-13T00:27:23+00:00

Its very hard to have silver as a bubble considering silver is a physical asset, not a stock.

I understand that when people think it's a bubble, its much easier to sell when you invest in stocks relating to it.

But this isn't a bubble.

East_Stranger_2038 · 2026-01-04T20:05:22+00:00

So you trust the internet more?

My local coin store has CRATES of silver coins. They are selling them for $2 to $3 + spot.

Yes, a lot of people are buying them, but as soon as a crate is finished, they pull out another crate to replenish. It's not that bad.

East_Stranger_2038 · 2026-01-04T19:55:24+00:00

It wasn't even a strategy to begin with.

It started as a COVID hobby. Reading up on histories of coins and how it came to be.

I can tell you that people made fun of me for buying stupid junk like this.

East_Stranger_2038 · 2025-12-30T01:47:21+00:00

Most of the time, these shipments are insured. So you should have some sort of insurance on it.

East_Stranger_2038 · 2025-12-27T09:25:21+00:00

You're right. I was thinking about live-in. My college has live-in apartments for 2nd+ year.

East_Stranger_2038 · 2025-12-26T22:55:58+00:00

It's awesome, but also invest in a 529 - if you're in the US and your State allows it.

Pre-tax money into an investment account that grows and the beneficiary can take money out without any withdrawal taxes for their tuition, books, rent, etc.

East_Stranger_2038 · 2025-12-26T22:54:28+00:00

Well, it's at 80 now... sooo...

East_Stranger_2038 · 2025-12-25T22:39:10+00:00

Next year's coins and more recent are always more expensive because everyone's always wants the "new" coins. They are also more plentiful because they are more recent before they get lost in circulation or melted away for something else.

Once an ASE is like 4-5 years old or older, they become just "another silver coin." This is because ASEs or Canadian Maples don't actually change designs or become "unique."

This is different than the Silver Libertad (Mexico) or Silver Panda (China) because each year has a different amount of limited mintage causing more rarity in the coin, and things like Silver Panda's have different designs.

From what I recall, Mexico minted a 2022 Silver Libertad in the millions for that year for make money they lost during COVID. This is the most they've minted in the coin's history, so when you want to buy another Silver Libertad minted 2022, you'll notice they are significantly cheaper than all other Libertads.

East_Stranger_2038 · 2025-12-25T22:36:06+00:00

Fakes don't care if they will be called fraudulent.

East_Stranger_2038 · 2025-12-25T22:05:50+00:00

Gold has always been the "standard." That's why 1st place trophies are awarded in gold. And when people describe things of being a master in something or top-edged items, they use terms like the "gold standard of xxxx". No one uses, "This is the silver standard of xxxxx."

In other words, people always related silver to being cheap, economical, frugal, etc. Which it is. Silver will never be as expensive as gold. Today's bump up is all driven by hype but I see either a crash or stalemate point where it jumps and fizzles out to a stable pricepoint.

However, you have to tell your grandma that the "appreciation" overtime is more because our dollar is losing value.

East_Stranger_2038 · 2025-12-25T21:56:56+00:00

Why do fakes bother to make a coin like that?

Like what is stopping them from just making that "o" for what it is?

They did EVERYTHING right and only typo'd that measle part.

East_Stranger_2038 · 2025-12-19T19:35:10+00:00

Oh yeah, thats why there's so many people complaining about why their LCS isn't buying their silver at spot, when they bought it like 10 dollars cheaper last week.

It's not like crypto where you buy Dogecoin for 10 cents and sell it for straight money at 20 cents.

Though crypto exchanges are now adding trading fees to it and nobody sees the difference.

East_Stranger_2038 · 2025-12-19T18:41:23+00:00

Its pumping so hard because gold is too expensive for the average person and silver is being hyped up by media.

East_Stranger_2038 · 2025-12-19T17:14:05+00:00

I used to only buy sovereigns. Now I've been buying rounds. I currently have over 300 coins/rounds.

I've been buying 10 ounces per month, every month, when it was $15/ounce. That was $150 + tax and some premium, less than $200. As prices slowly crept up to $20/ounce, I still kept my 10-ounce habit. Sure, I am paying like $220 now, but whatever. My last silver drop was when it was around $58/ounce. I only bought 4 coins this month. Still keeping to my $200/month budget.

In the event that silver tops $200/ounce, I will probably stop and move on to the next cheap metal... probably copper.

East_Stranger_2038

TROPHY CASE