A Brief Guide to British Silver Coins - Physical Silver Investment

[danthegunman1]

how do u store your coins

[InsaneSeer]

@danthegunman1 Nothing elaborate just a bog standard storage box.

[hathigmonorow]

Nice to see some coins. Here in Canada we have .800 silver from 1920 - 1967. I just bought some British .500 silver because I was tired of seeing the same old US and Canadian coins in my stash.

[brightsun23]

Great video. Thanks.

I've a few questions if I may...

For investment and/or "emergency money" purposes which Pre-1947 (1920 to 1946) coin is the best value for money when buying?

Is it true that coins dated 1919 and earlier are .925 and those dated 1920 to 1946 (inclusive of those years) are .500 silver and any with dates 1947 and later are cupro-nickel? I've bought shillings described as pre-1947 from eBay and received some 1947 coins!!! Is this legit? Could they be 50% silver? Thanks.

[InsaneSeer]

@brightsun23 Thanks, I guess the best 20-46 silver t go for would be florins, half crowns and crowns as they have more silver content overall. Also try and buy them for as little over spot as possible. Numismatically the coins in better condition will be worth more. So if you are just going for the silver then worn out ones are fine. the rule I go by is anything dated 1920 to 1946 is .500 and anything dated 1947 onwards is 0.000 silver. Could test them I guess to be sure though!

[raspberrybaggio]

I've got a 1950 half crown. Is there much silver content in that please?

[InsaneSeer]

@raspberrybaggio None, it's just cupro-nickel!

[raspberrybaggio]

@InsaneSeer Doh !

[raspberrybaggio]

How many grammes in an ounce please?

[InsaneSeer]

@raspberrybaggio 31.1 grams in a troy ounce and 28 grams in an avoirdupois ounce, but for silver and gold use troy ounce.

[raspberrybaggio]

@InsaneSeer Thanks for replying. So 31.1 divided by 2.59 grammes=12. So 12 sixpences roughly equals a Troy ounce of silver.  I just saw some for £1 each. They really are worth roughly £2 each right? If silver spot price is about £24 an ounce.

[InsaneSeer]

@raspberrybaggio Only if the sixpences are dated 1919 or earlier, anything after that up to 1946 is 50% silver.

[InsaneSeer]

@silvercelli I'm not too sure on the Indian Rupees but would say that Crowns are a good investment both numismatically and for silver content. You can pick up some bargains as well especially if the crown is rather worn, you can pick them up well under spot.

[AnnoyedDragon]

I buy for silver content. Which is a bugger; because a lot of these coins sell well above their value in silver content, even if they are junk silver. So I average between spot price and what you pay for the bullion equivalent in weight. I do like their appearance so I don't buy coins too warn down though.

I'm quite jealous of America where they can buy so close to spot price, I wish they sold those great big silver coin bags our end that you see over there.

[InsaneSeer]

@AnnoyedDragon A job lot of worn silver coins can be got fairly cheap, sure they are not so aesthetically pleasing but the silver content is still there!

[jnadreth]

@InsaneSeer I can speak to that....I just bought 51x Post 1920 Silver Sixpences for £16 :D...2.3 oz of Silver total

[AlamoCityCello]

I'm looking to invest in some UK silver coinage. Something "off the beaten path".

Any recommendations?

Thanks, John

[InsaneSeer]

@AlamoCityCello well there is a vast diversity from the UK stretching back thousands of years. Are you thinking to invest for silver or numismatic reasons?

[AlamoCityCello]

Great Vid!

Thanks for sharing

[InsaneSeer]

@AlamoCityCello thanks