Over the years I have heard a lot of people say "it wont matter what you paid for it" for a long time I believed this. I am not so sure that It is true though. You see I have been through all the phases of stacking, firs was the weight, then was the constitutional, then collectables.
Now we all know you can't go wrong with weight stacking, in fact this is what I recommend to every new stacker. Now for the non stackers that are reading this post, weight stacking is basically buying silver as close to spot as possible. Spot is the price of what silver is worth and over spot price is the price you pay for minting and producing of the piece you buy. It allows you to add more weight for less Money.
Constitutional silver is basically silver coinage that used to be minted by countries as forms of money. Example would be all quarters times and half dollars that where produce before 1965 in the United States contain 90% silver, half dollars produced between 1965-1970 contain 40% silver. Now a lot of times you can find constitutional silver (junk silver) pretty close to spot. For the most part this plays pretty well with weight stacking. But becareful you can get carried away and not all constitutional silver is good. I will give you an example of bad buys with constitutional silver. When I first started stacking it seemed like Apmex and Provident where always selling 40% halves at spot as long as you bought bu the roll which is $10 USD. Now this sounded like a good deal to me and every order I found myself picking up a roll. So over a period of about 6 months I manged to accumulate over 80 oz of 40% silver halves. Unfortunately the buy back is not that good and everytime I visit the LCS Or Pawn shop they don't want them and will not Buy them back. So was this a bad move? I think it was, 80oz of halves are heavy, bulky and takes up a lot of room. Plus they are to difficult to separate the silver at melt.
Collection stacking, oh how I have found myself indulged with collection stacking. This is where my biggest mistake was made. You see that figure 8 coin above, it is 2 oz of silver, and I paid $135 over spot. To make things worse I bought 2 of them. Now for the 4 oz of silver I bought between two of these figure 8's I could have bought over 20 oz of silver. Now I do love the figure 8 but I will never make my money back on this. Now collection stacking can be very profitable but you have to be conservative and set on over the spot limit and stick to it. You should also try for low mintage sets.
Always keep this in the back of your mind, its a race to have the most silver you can before the Markets finally correct.
So if anyone wants to buy some 40%ers and A badass figure 8, then hit me up, cause I am all about the weight now.
Well this was a little longer than I had planned, thanks for stopping by!!
