Silver Stacking - Buffalos VS. Eagles
ฝัง
- เผยแพร่เมื่อ 11 ก.ย. 2024
- In this video I compare two very popular silver stacking bullion products side by side! It's the Generic Silver Buffalo Rounds VS. The American Silver Eagle Coins. This silver stacking 2020 battle looks at which is better to stack between the two products. The American Silver Eagle is a coin and is minted by the United States Government. It contains 1 troy ounce of 999 fine silver and is a favorite among silver stackers. The Silver Buffalo is a generic silver round and is minted by many different private mints. The Silver Buffalo Coin is not actually a coin because it has no face value and is not backed by a government, but is does have 1 troy ounce of 999 fine silver and is extremely popular for silver stacking. I used the Silver Buffalo in this video because it is the most popular silver round, but you could really substitute any silver round for the comparison. One big thing that I mention in the video is the 1099-B IRS Form and how it applies to silver stacking. Here is my video covering taxes and precious metals:
Gold and Silver - Capital Gains Tax and IRS Reporting
• Gold and Silver - Capi...
My Website:
silverdragons4...
Check out SD Bullion for AWESOME Deals on Gold and Silver!
sdbullion.com/...
Below are some AWESOME products that I use:
Inexpensive Scale for Weighing Silver and Gold
amzn.to/35sgcQW
Black Ring Capsules for most Silver Bullion Coins (38mm)
amzn.to/37oARH7
Black Ring Capsules for American Silver Eagles (40mm)
amzn.to/2s79Wj3
Gloves for Handling Coins
amzn.to/2QGCKJx
Paypal/Email:
silverdragons47@gmail.com
Also check me out on Instagram:
/ silverdragons47
If you want to mail me anything here is my address:
S. Dragons
P.O. Box 304
Gresham, OR 97030
Thanks for watching!!
Disclaimer: Some of the links are affiliate links where ill earn a small commission if you make a purchase at no additional cost to you.
#silver #silverstacking #silverdragons
Topics I cover in this video: silver stacking, silver stacking 2020, silver stacking tips, silver stacking strategy, silver stacking eagles, silver stacking generic silver, silver eagles, american silver eagles, american silver eagle coins, buffalo rounds, silver buffalos, silver buffalo rounds, silver buffalo coin, generic silver, generic silver rounds, silver stacking buffalos vs eagles
It's ironic people trust coins b/c they're backed by the govt, but I stack silver b/c I don't trust the govt! Thx for droppin' knowledge. Very helpful.
This was exactly my thought process 🤣
Exactly the whole point for me. The gov't will collapse along with everything else.
@@blackhole6828 Wishful thinking. Gov't tyrants will revert to guns to maintain their rule....as is the current practice.
Lol
That’s true but there will be a lot of normal folk around who’ll trust a silver coin made in a government (or old gov) mint over a silver round.
Perceived reliability and quality is important in trade
Man, the good ole days of $17 silver, $1 premiums for generic and $3 premium for ASE.
More like 12 an oz. That's when I started.
Im just starting and woe!
Hahaha I remember $2.85 premium on eagles 😂. If the premium was over $3.50 we thought it was too expensive 😆
22 for generics now $4 premium
@@josephmac1137 crazy
A ounce is a ounce and the higher priced eagles are great but the premiums are lost usually lost if selling in desperation.
Premiums are lost on daily sales at this point. The returns on the premium have dropped quite a bit in the past few months.
Generic is my choice. I'm allergic to premiums.
HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
Hahhahhahhahhahhahahhah
my wallet is
90% has the benefits of both: rock bottom prices, backed by the us government, and something that these aren't- they're actually recognized by everyone as MONEY.
May the Schwarz be with you yes a quarter is recognized as a quarter and majority of the population will recognize it as being worth 25 cents . Junk silver also takes up way too much space and takes longer to transport but to each his own.
@@idobackflipzidk both ride the same speed in my truck
I like both generic rounds and bars. I don’t collect any eagles or any constitutional actually. I keep mine incase of hyperinflation, and I feel if we’re in that situation no ones going to care what the collector value is when bartering or trading, only the silver content. And it’s uniform so I can easily figure out what the value of everything is.
Love them both but stack what u can when u can 1 oz at a time
Just bought some buffalo's love them
I f I was dumb enough to sell silver and they handed me a tax form I would laugh and leave. The jeweler on the corner isn't gonna give me a tax form.
Ohio and some others just ditched the gold and silver tax
Wouldn’t it be nice if ASE still had a $2 premium.
Indeed, now it has a $10-13 premium
My LCS has a $3 premium on ASEs and I appreciate him!
Good video SD! I like the fact that I can get 21 generic rounds for the price of 20 ASE’s!
I ordered the 1 ounce buffallo coin roll , such a bad quality , compare to the American silver eagles , but I would rather ordered the 2021 Brittania silver one ounce coins , superb quality , sexy looking coins , many security feautures , more bang for tbe money .
I like both the Silver Buffalos and the Silver Eagles and have bought both but prefer the Silver Eagles the most The reasons you mention in your concise and excellent report are the reasons why. Thanks. Out.
My advisor told me to buy precious metals: Brass, Copper & lead:..I bought a case of 5.56mm ammunition.
I'm from Canada. I bought a small amount of colletor and 80% Silver coins a few Scotiabank Silver bars. Their value has increased by 14%. Since November I have been on a tear buying Buffalo silver rounds and a 10 oz bar, and I also been buying. 925% and 80% have circulating coins some graded. I also found some Silver Eagles and Maple Leafs. My favorite are Canada 50 cent pieces and Buffalo's!! They feel nice in your ha!
Wow, I didn't know about that 1099-B form! Thank you so much for informing us!🔥🔥🔥🔥
Another great video. I stack both, along with bars and other things. BTW, I know when you were talking about Buffalos in this vid, you were really just referring to all generic silver rounds, but the U.S. Government did mint a Buffalo silver dollar. It was issued in 2001 and is 90% silver. I have one, graded and slabbed. They are a very attractive coin.
If you could buy buffalos cheaper you could also hypothetically buy more silver for the same amount of money. Maybe you could buy 12 buffalos to 10 eagles or whatever the conversion would be.
Buffalo or Eagle? It's a trick question. The answer is both, both are the best for stacking.
That's right stack Beagles 🐕
🤪
Like them both, after my maple monster box im gonna go for a buffalo one 👍
I'm not sure if this is what normally happens, but silver rounds seem to be cheaper as the silver prices drop. ASE coins seem to stay at higher prices as the prices drop. So stacking rounds seem to be better to buy as the prices drop and coins seem to be good to buy when the silver price goes up, because then the rounds come back up in price back to where the coins are.
I just got my first buffalo. I will be getting more every pay.
I hope you bought a lot !!! You’d be up HUGE right now
@@joaquinbarocio5320 I'm working on a tube.:)
I’m jealous!!!!! I just bought my first 12 silver rounds AND I CANT WAIT !!!!
Just started Silver Stacking and my Local G&S Shop suggested I started with the Buffalos. So I got my first Silver 1oz Buffalo. After I get my 20 Buffalos I will stack American Eagles next. I will rotate between the two. Also to add a funny thing, Two years ago I got a 1oz Silver Round for Christmas of Baby Yoda (Grogu) from the Mandalorian.
All in All thanks for all your tips and tricks for silver stacking.
Being in Oregon you might not have run into this particular advantage of Silver Eagles over Buff's...when you buy eagles you're buying "money"...and there are no taxes on buying "money" HOWEVER if you buy Buff's which are NOT "money"...you (at least in Washington where I live) have to pay (in my case 10.9%) TAX on the purchase. Personally I don't like the large premium placed on Silver Eagles so most of my purchases at my LCS are of constitutional silver; dimes quarters and halves. Premiums are arbitrary and nowhere is it given that you'll get that premium back...so in my opinion it's just "smoke money"...above spot...I don't mind paying a bit over spot, even for junk silver, that's sort of part of the deal and dealers live off that margin; buy a little under spot, sell a bit over spot. I (and you as well I imagine) want to do the same, pay less and sell for more. When I have "let go" of any of my silver it's more often been in a barter situation than at a coin shop...I try to NEVER sell to a coin shop...nothing against them but they are in business to make money off my trade, I know they'll pay me less and charge me more...and that's sort of a "never win" scenario in my book. Concerning the 1099-B...just never sell more than 950 silver rounds to a coin shop. ALWAYS look for that private deal. Everyone has their own particular way of stacking and collecting, there are as many ways to do it as there are people trying to get it done! I like eagles...but don't want to pay "extra for the privilege"
Hap Newsom yeah no taxes on anything here 😏🔥🐉
Good vid. I’m forever seeing videos on TH-cam of people saying that Silver is silver is Silver buy which ever one is cheapest. I guess the fight continues.
To much emotion that are attached with these coins man lol
@@kenishaward7309 They do latch on to them, heavily
I have a few issues with the government backed "coins". However, my #1 issue is: I remember what the federal government did during the depression. When they outlawed the ownership of gold, they forced the American people to sell their U.S. coins at face value (not at market value). Then afterwards... upped the price of gold. They effectively robbed the American people of 40% of their wealth in one fell swoop. That means that if they do the same to silver (we are after all, $30 trillion dollars in debt...) , holding those Eagles, could be quite costly, as their face value is "One Dollar". The "Buffalos", have no face value and are valued by weight only. Don't think that it can't happen... it already has...
What about gold? The gold buffalos have a face value of $50. Do the gold eagles have that too?
Good video my guy.👍...more about the taxes involved with stacking, is what I'd like to know more about
wood beez check out my vid on it link in description 🔥🐉
Ive been melting them all recently. They are just silver to me. Gotta make that Crystal Mac 😬
cecil236 I paid $17 each. And melted them down and sold them for $30 each. That’s a 57% profit. Not a 30% loss. 👍🏻 Not to insane in my opinion
Either one is just fine for me, I love them all.
Hello, new silver investor here... Where are some of the best places to buy online for cheaper? I see them for $35-38 everywhere but silver is $27 an oz. I want to buys close to spot as I can ie. $29 or $30
I know it’s 3 years late bro, but try Money Metals Exchange, Gold Club Direct, BOLD Precious Metals, or JM Bullion are my dealers of choice
My dude! Love your enthusiasm in these videos. Just followed you on IG. I've been purchasing SilverTowne & HM Buffalo Rounds. I love and own a few Buffalo Nickels. Unfortunately the silver Buffalos are not legal tender like you said. Keep investing!!
Do you have an updated video on this topic for 2022? Because the American Silver Eagle prices are bonkers. The premiums are absolutely insane for them. The premiums are really high for everything but especially more so for the eagles.
ASEs for me. But if the US Mint ever made bullion Silver Buffalos, ooh boy! I would buy both!
Thanks for another great video!
Some LCS's in my area (Denver) keep track of what you sell to them and once you hit 10k per year you get the 1099 tax form.
The $10,000 doesn't matter what item is sold to them. It's anything. I don't do business with those shops.
Thanks for sharing, didn't know about the 1099b but now I do ,not that I plan to sell my stack will be left to my grand children but I will school them in case they have plans to sell in the far future
Now it's october 2021 and times have sure changed. I've been buying silver eagles all year and the cheapest I've found were about $11 over spot for random year, and usually they're $11 over spot for 2021. Even higher for a few years old. The first one I bought were I paid shipping was $41. The cheapest has been about $31
Now I feel less beaten up for paying 35$ a piece for 4.
Great video as always! A point that makes the ASE a winner for some is that you can buy US mint produced bullion with a self-directed IRA
THEY SURE AREN'T 3 DOLARS OVER SPOT ANYMORE!!
Who mints the Buffalo's with United States on the back?
I’m not a fan of the buffaloes, but I do have lots of 1oz generic. I also have ASE. I buy generics so that I can sell, or flip into gold if the silver to gold ratio tightens. My ASE are deep stack material. I don’t plan on selling them until retirement age.
My question is, if the economy crashes, and we have precious metals for wealth after fiat currency crashes as well, silver will always be silver, so if all that crashes doesn’t matter which one you have they will both have that wealth factor right ???
Wow only $3.00 over spot, no wonder people are staking silver coins, as of Feb 2021 in Australia a Silver Eagle is $50.00AUD and silver is $35.00AUD.
I’m in the uk and can get 10 kangaroos £40-50 cheaper than Britannia’s. Crazy.
If I had your furnace I would melt them all and make a huge millennium falcon! 😝 I lean toward generic but have both. If both are found for the same price, then I’ll buy the ASEs but generally I refuse to pay the extra premiums for them. In my area, I can’t recoup the premiums except through the occasional private sale.
Ask your LCS if they pay any premium over spot for ASE . Then ask does the premium change if each stack of 20 is mixed years or all they same year or if some are culled/minor damage? This is information is for your plan later in life to sell (or sooner if needed) . Do not use your emergency fund for stacking. Having a solid E fund will ensure that you will not be force to sell before you want to or reduce the likelihood of that.
the eagles are 8 dollars over spot as of today.
Ase easily trumps the round if your patient and find them at a decent price, gov bullion has such a keen edge against rounds
I would take a silver maple over either of these
I have some silver buffalos from various mints.. is it normal that some have the traditional high pitch silver ring (ping test) but others sound dull? All ordered straight from GSM or other mints.
I am curious about this. I got GSM. They seem genuine but can’t confirm 100%.
i have a goverment issued silver buffalo. they did make them
I have 2 ASE's, both MS70 certified...and thats the only ASE's I have. I'm not really a fan of them. I do have a variety of silver...maples, generics, 70's art bars, 10 oz bars, Perth, SBSS, etc etc, my favorite silver is dimes, quarters, and half dollar 90% constitution coinage from when our country was strong and had morals.
Amen on the Junk!
I love the maples also more , and theyre cheaper in my country than eagles
@@papaxxbear I live in the U.S. and I agree. The Maples are just a little bit cheaper, and have the security features. I prefer them over ASE also.
Bob Silver I need more junk lol 🔥🐉
Silly question but when stacking Buffalo rounds with the intention to fill a tube is it best to complete the tube with rounds from one mint? Or can the tube be buffaloes from various mints?
I just picked up 40 buffalo's for $0.39 over spot. ASE's were +$2.19.
Last time I sold, eagles went for melt, generic was $92%
Yeah see that is basically what goes on around here except it's more like 85-90% of spot for all silver you might get melt for eagles but I wouldnt count on it him saying he sells his generic silver for 100% of spot and gets 1 dollar over for eagles is just unreal to me I'm gunna move out to wherever it is he lives because I'm wanting to leave my area anyway and where he is sounds great to me
@@stackingpoints417 I've been buying and selling since 1980. Never got paid over spot in Michigan.
Wow, never heard of the 1099-B, great information and very important for when i am ready to trade up. Do you know if there are any taxes to be paid if you buy bars and sell them?
Couldn’t you just sell 900 buffalos Every other day to avoid the hassle of filling out the form?
12-20-22 silver spot 24.30 buffalo rounds are 27.36
ASE 34.00 10 BUCKS OVER SPOT
Are Silver Rounds shielded from Government confiscation since they are privately minted?
ASE's being government money carries a much greater penalty for counterfeiting. Making it less counterfeited.
Making it easier for the Government to confiscate
You got me wondering how the capital gains tax might apply to coin ring makers...
Dang it Dragons! You made me think!
I'll be hitting the books now. Thank you. Sincerely.
Rocky Mountain Bear lol good luck 🔥🐉
I like them both, here lately I'm on the s scotsdale tombstone nuggets
They're my favorite mint.
gene Pohlemann nice those are cool! 🔥🐉
@@SilverDragons47 what's your take on silver crashing
gene Pohlemann gonna go down more and then go up over the next few months
Right on bro with Scottsdale! Most local shops treat them as a premium so probably best to go through their website .. every once in a while you can get them at generic price
Wow, those were the good ole days, lol.
The Buffalo round made by the Sunshine mint is the best to stack.
Okay, why?
Because of the security feature that Sunshine uses in their rounds and bars.
Sara Winters what security feature is that?? Sounds interesting
@@swjackson917 what security feature?
They use a mint mark and a hologram. You have to buy a decider lease and you can see the security mark
They’re not backed by the gov. They’re minted by the government
Is there a difference in quality between 2021 American silver eagle (type 1) vs the American silver eagles of past years? I notice on reputable coin websites that older years tend to have an increase in price compared to newer year coins.
I don't have either, ... I've got a few tubes of the Morgan rounds, and two tubes of the Aztec. And then, several tubes of the 1.25 rounds.
Buffalo (and any other round) over the ASE. If SHTF then premiums wont mean crap!! Just stack the silver folks.
Eagles are selling $8 over spot online. What a ripoff
Another fun and informative video thank you 🏁
I'm not a fan of owning something worth like $25 that declares itself worth $1. If someone inherits it and knows nothing about silver, they might assume they were once worth only a dollar and gladly sell them for anything over that. With the buffalo they'd have to do some research or take it to a coin shop and there's a bit less chance of the ignorant getting taken advantage of. That said, if someone knew nothing about metals or coins, they probably wouldn't expect either to actually sell for $25.
Haha, I thought you were going to say buffalos were the way to go now that I’m almost 3/4 of the way through a monster box
Exactly
Thanks for another great video.✅ Silver eagles are my favorites. 👍Thanks for sharing.😎👌👌👍👍⛏⛏
Commenting from 2023!
In 2020. $17 /oz and $3 premium on eagles!
I paid $5 over spot for generic Buffalos in 2022!
Great
If Silver goes up exponentially it will pay to have Silver Eagles. They can always change the law to if your selling 1 oz. of bullion for a taxable event to occur.
HI Neighbor!
Make your own 'Ben Franklin' list. (pros and cons)
ASE's = "Constitutional" silver = coin + round = better re-sell value
"Black Diamond" Bison = 1 oz generic .999 silver = Spot or below re-sell value = Not as recognizable as ASE
ASE's win! Stacking is long term just like the 'old' banking savings account. Take some out if you need to. Put some in when you can. - Joey From Seattle
omg. Comparing this video to NOW---April 2022!!! Spot is..hmmm...maybe $24.87 today? It went over $25 a couple of weeks ago. That 2020 Silver Eagle you're holding is now considered "Pandemic Year" Silver when mints were partially closed....ACCKKKK!
Thanks Dragons. Good to see you
Can you explain how a precious metal coin is backed by the US Govt? What do they back the precious metal coin with? Fiduciary issue?
Here is my situation now with my LCS I counted on for 12 years since I started collecting they pay a dollar under spot and usually sell generic silver a dollar over spot except the silver eagles buy back for a little bit more now one thing you have to keep in mind my LCS they are going to be selling the place I hope who ever buys it keeps it a coin shop so you said your LCS buys back at spot what if they close
With current ASE premiums you may want to look at Philarmonics for lower premiums and government backing
I am seeing silver eagles selling for almost 100%over spot price. Is this normal or am I looking on all of the wrong places?
Silver Dragons. You forgot to mention the collectablity of the American Silver Eagles!
why not both, picked up a couple tubes of Buffalo today, nice coin
-- Form 1099b, is for selling precious metals AND seller gets CASH for it in amounts of $10,000 or more. If you get a check for the purchase there is no 1099b req. A check issued also creates a paper trail which is what the government wants.
-- If your looking to sell toward the end of a year and really prefer cash you can sell
@@trp2413 I will have to check out the information. Thank you
Hey Stackers and Collectors!
I hope you can help me out....
I bought a few american silver eagles a couple days ago. I saw that not one single of them got a hallmark.
Why are there Eagles with hallmark S,P,W and Eagles without any hallmark?
thank you
Greetings from Germany
LCS is getting $7 premium on ASE as of 5-28-21. 😥. In Texas just for reference
I'm poor and make little money (despite college), so for me its better for rounds as they are cheaper to acquire, as my goal is for 500-800oz total; so I don't have to worry about the tax form. I just want some of my money in silver as a physical medium in the event of serious issues and to feel the wealth... that and I want to put it in a pirate chest and play with it. That's normal, right? :p
Ye want dabloons ay?
So is that any coin that is IRA-Approved Silver and don't need a 1099 form.. Would I have to pay tax on Maples or any of the other ones
Does anything stop me from selling 999at one shop and 999 at another shop without filling out a 1099b?
You shouldn't sell your 1oz coins for $17.
I sell pure silver 1/4 oz wedding band rings for $50 everyday so don't give away your silver cheap
What's $50 today? A nice meal? $17 doesn't even cover the cost of an event parking spot, no way.
I personally like the buffalo more, and they look cooler when aged or used
I believe that, for the majority of silver stackers, American Eagles are a horrible purchase. They are overpriced and offer no real compensation to the buyer for that mark-up in price. Not all shops will pay a premium for them. I have been to dozens of shops that will only pay spot price for eagles or generic. Unless you are rich, just buy generic silver rounds.
ZenMaster first place I called offered a dollar over spot for eagles
Learned something new because I had not heard of the 1099-B Form. Do you know if the form has to be completed for coins of the sovereign governments, such as Silver Maples?
Eagles are the best. But stack 20-50 Buffalos. They are attractive silver maybe the best rounds in the world.
So do you only have to fill out the 1099-B if it 1000 rounds or more? Or is it period? Also since the gold Buffalo is backed by the USA no 1099-B form required???
I love Buffalo rounds and other types of Generic rounds.
Great video.. Question
I am seeing the price of Silver as today is $22.76 (10-10-2021) , according with your video in a LCS you can buy ASE for something around $25.76 oz , I am trying to stack silver and seeing everywhere online, around $35 oz for many years of SAE, do the year matters in the price ?, if all the LCS have something around the price you stated is much better to buy silver with them. I never been in a coin shop.
im in the middle east, and im ordering 8oz of the buffalo ones, what do u think about that> i dont want to sell them ever. stacking for inflation and crises.... hope i could get a reply bro
The rounds are much less expensive, but anyone will buy your ASE's. *I've never seen a date on a round, interesting.
*Since posting this I've come to understand that is the reason it is called a round.
I been stacking buffalo 🐃 rounds
Purchased ngc pr silver eagle how to recuperate my money silver at $ 24 0z and pr coin cost $ 100..? Thank you
Great information I didn’t know that
Fairly new sub here, thanks for the info. Keep up the good work!