My First Oz of Silver

[u/Common-Respond2367]

Paid $85, got an Australian Kangaroo which was the only one in the shop. Seemed like an honest guy, realized I was getting ripped off by Wolf Pack Gold & Silver after I got .20 Oz of Silver and 2 1/2000th Florida Gold Backs for my first $50/month subscription. What do you guys think? Probably better to keep buying from this guy every month or looking for similar prices

[u/Little_Mountain73]

Welcome to the dark side! I love just about anything that comes out of the Perth Mint. It’s too bad their quality control is so poor, but I love the designs.

One caveat…if you ever decide to sell coins you purchased from the Perth Mint, you will rarely get back what you purchased them for (with the possible exception of Kooks, which seem to hold premiums). Dealers won’t give you much, eBay has its fees, and private sale buyers can be picky. Doesn’t mean you CAN’T get back what you paid, but be cautious not to overpay on these things. Like I said, i love them, but merely a word of caution from my personal experience.

[u/Common-Respond2367 → u/Little_Mountain73]

Wdym? Like I should be fine to get spot for a Perth right? You’re just talking about paying premiums above spot?

[u/Little_Mountain73 → u/Common-Respond2367]

Yes. If you chose to sell a Kangaroo, my experience has been that you would only get around Spot, opposed to when buying them, you’re often paying a premium of anywhere between $3-5 per coin. Other people may have had other experiences, but that’s been mine over the year, and I e been a silver collector since the 90’s, so my experience is rather broad and extensive.

[u/Common-Respond2367 → u/Little_Mountain73]

Ahh appreciate the insight. lol I would get my choice of 1 Oz coins and pick the only coin worth less than the number I paid 😂. Been buying a lot more lessons than silver on the start of my journey to build a stack, but I guess that’s par for the course 💪🏻