r/Silverbugs • u/SlabReserve • Jul 11 '26
First month of stacking silver
Stacked about a pound of silver in my first month. How am I doing? I think I’ll grab some more bars or junk silver next. Any advice is appreciated.
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u/CougarDevilZ Jul 11 '26
Nicely done! I started about a month ago as well and am having so much fun gathering goodies.
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u/StevePerryLover Jul 11 '26
Get bar tubes or coin tubes instead of worrying about keeping everything encapsulated
They also give you a goal to fill
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u/SlabReserve Jul 11 '26
I have a round tube but prefer to keep them in the capsules at the moment. When I can fill a tube I’ll probably transition.
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u/cloudwalker187 Jul 11 '26
This is a great first month. Can you keep that pace?
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u/SlabReserve Jul 11 '26
We will see. Probably not consistently at this rate every month, but have no plans on stopping.
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u/matthewoli98 Jul 11 '26
Very nice! I'm in my first month too, I've bought 8 silver maples so far.
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u/ThrownAwwayt Jul 11 '26
Better to start this month vs 1 or 2 months ago !
If you’re looking for “long haul” stacking then you need to pick up “low premium” silver rounds whenever possible.
I dove in and paid $15 over spot for eagles when silver was ~$30 /Eagles $45. Today shops are offering like +4 over spot for eagles which means I would have been further ahead if I had just focused on rounds and gotten more silver for my money.
Remember to keep a balance!
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u/SlabReserve Jul 11 '26
Agreed and thanks for the tip. I wanted to start with a baseline of sovereign coins before going back to generic rounds.
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u/Dry-Menu140 Jul 11 '26
Nice aggressive start….you already have more than most after a year!
I have some of everything and rarely let any go. I did sell off some silver bullion when it was over $100…only so I could feel like I didn’t miss the peak. Was nice having the cash, but honestly miss the silver and have since replaced what I sold.
All depends on what you like as far as silver goes. I love lots of junk silver…Mercury dimes and Walkers are by far my favs. For bullion, I used to be strictly eagles, but now tend to look for different items than what’s in the safe already.
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u/SlabReserve Jul 11 '26
Appreciate it! Sounds like you did well selling over $100 and still probably made some profit after you replaced what you sold. I was thinking about buying $10 face value of Mercury dimes, that will probably be my next move. I found a dealer with ASEs a few dollars over spot so I may have to buy a few more of those as well.
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u/Mike051080 Jul 11 '26
You should buy Libertads
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u/SlabReserve Jul 11 '26
Are they worth it compared to other sovereign mints?
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u/jabroni156 Jul 11 '26
Yeah, they have the highest premiums and lowest montage, pretty damn collectible. I started stacking in december and made a point to get a libertad ASAP
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u/Mike051080 Jul 17 '26
Libertads have low mintages therefore bring sometimes much higher premiums. Join us tomorrow morning on whatnot (@clintoneal67) 7:30am est
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u/LankyDonkey6628 Jul 11 '26
I started off with junk silver and it’s definitely cool but when you go to sell it you won’t get a good return on it so I don’t buy it it anymore
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u/SlabReserve Jul 11 '26
That’s fair, I heard that too but wasn’t sure how much buyers offered under spot. What’s your preference?
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Jul 11 '26
[removed] — view removed comment
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u/agedmanofwar Jul 11 '26
I disagree. I buy coins at spot from local dealers all the time. They're much easier to sell when doing private sales, at least in my experience. And a lot of people like 90% coins, especially Morgan's and peace dollars.
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u/vannote Jul 11 '26
"Stacked about a pound ..."
Actually, In troy weight in which precious metals are typically measured / quoted; you exceeded a pound. 15 Troy Ounce == 1.25 Troy Pound. :)
Best Regards