Gold $2,416.80   $34.30  Silver $31.58   $1.90  Platinum $1,090.70   $23.40  Palladium $1,020.00   $14.60

Stockpiling precious metals, a process referred to as “stacking,” has gained popularity in recent years through online communities where avid stackers present what they have and share tips. For other precious metals enthusiasts, collecting silver is done simply for the purpose of building an impressive collection that usually includes coins—although it’s possible to do this with bars, too. If you choose to invest in silver, make sure to work with a reputable precious metals dealer, such as First National Bullion and Coin. Scottsdale collectors should rely on advice from professionals with extensive market expertise. If you’re entertaining the idea of stacking silver, here’s what you need to know.

Benefits of Stacking Silver

Silver is more affordable than gold, so it’s easier to become a silver stacker if you’re just getting started. Collecting and holding on to silver also gives you a chance to pick and choose pieces of silver with uniquely appealing characteristics. With silver coins, this includes attractive design features like what’s common with American Silver Eagles. You may also prefer to collect silver and become part of the stacking community because of benefits associated with silver that include:

• Consistent long-term value
• Protection against inflation and economic fluctuations
• Widespread appeal if you prefer to trade or sell at some point

Options with Silver Stacking

There’s also a lot of flexibility when it comes to silver stacking, which makes it easy to choose a way of stockpiling silver that fits your needs and preferences. According to Coin Week, the most common way to stack silver is to regularly add to your collection over time. The consistent and ongoing approach to stacking can be appealing if your budget is somewhat limited. In this instance, you can make silver purchases based on what appeals to you and what you can afford. As you continue to do this, you’ll end up with an impressive collection.

Some silver enthusiasts prefer to focus solely on special features or qualities with silver stacking. In this case, what you’re doing is focusing on things like special mints or issues. While this type of silver stacking is more expensive, it can certainly reward you with a collection likely to be more valuable over time. Also, if you end up selling some of the special mints or limited designs later, you’ll likely get a very nice return on your investment.

One other option with stacking silver is more of a hybrid approach to collecting. What you’re doing in this instance is mixing things up with your purchases. In other words, you might have some limited mints combined with more standard issues.

Purchase Options

There are different ways you can purchase silver for your collection once you’ve decided to become a stacker. For example, if you prefer to go with silver coins, possibilities include:

• Individual coins
• Boxes containing multiple pieces, such as what’s available with American Silver Eagle or Canadian Silver Maple Leaf coins
• Multiple purchases of varying sizes from different sellers

With silver bars, stackers typically find it easier to stick with smaller-sized bars. The main reason is because it’s more practical, since silver bars can be more difficult to store than coins.

When they want to buy silver bullion, Scottsdale precious metals collectors reach out to the trustworthy professionals at First National Bullion. We can answer all your questions and help you find all the information you need on how precious metals can be a valuable part of your portfolio. Give one of our experienced dealers a call today at (480) 546-5089.

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.

By |2022-03-04T01:08:42-08:00February 21st, 2022|Miscellaneous|0 Comments