Augusta Precious Metals - My thoughts on silver coins after a year

Janet Cook

Back to forum

🥈 Silver Coins

Augusta Precious Metals - My thoughts on silver coins after a year

janet_cook📊Growing (50-100k)

about 2 months ago

Key Takeaways

•Okay, so I've been meaning to post about my Augusta experience for a while now, especially regarding the silver coins.
•I'm a jewelry store owner here in Providence, so I'm pretty familiar with precious metals, the market, the whole nine yards.
•My main focus was on silver, mostly for the perceived stability and the lower entry point compared to gold right now.

See what your 401(k) could look like in gold

Okay, so I've been meaning to post about my Augusta experience for a while now, especially regarding the silver coins. I'm a jewelry store owner here in Providence, so I'm pretty familiar with precious metals, the market, the whole nine yards. I decided to diversify my retirement a bit last year, pulled about $75k out of some tech stocks that were getting a little too wild for my comfort, and rolled it into a Gold IRA with Augusta. My main focus was on silver, mostly for the perceived stability and the lower entry point compared to gold right now.

The onboarding was pretty smooth, I'll give them that. The team was helpful in explaining the custodian and storage options, which was new territory for me even with my background. They didn't push super hard on anything specific, which I appreciated. My main beef, if you can even call it that, was just getting used to the premium on the silver coins. When you're used to buying raw metal or scrap, seeing those markups for specific sovereign coins takes a minute to adjust to. I ended up mostly going with American Silver Eagles and some Canadian Maples. The physical delivery process to the depository was flawless, which was a huge relief.

It's only been a year, and I'm not looking to get rich quick, obviously. But seeing how gold and silver have held up, especially with all the economic uncertainty, it just feels safer than my stock portfolio right now. I was actually playing around with that "Gold vs Stocks Comparison" tool on Gold IRA Blueprint (the one at https://goldvsstocks.goldirablueprint.com/?period=10Y) the other day, looking at the 10-year chart. It really hammers home why traditional assets just feel less reliable sometimes. While my stock portfolio has seen some dips and rebounds, my physical silver just... sits there, appreciating slowly. It’s a nice steady heartbeat in my retirement plan.

Anyone else here with Augusta for silver? What are your thoughts on the coin selection and premiums? And for you long-term investors, how has your silver performance tracked compared to your expectations over, say, 5+ years? I'm debating adding another $25k next year and curious how others are feeling about their allocations.

182

7 comments

The biggest mistake retirees make with their 401(k)

Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

Under $100k? Compare options →

600 people viewed this today79 members requested a free kit this week118 investors bookmarked this

Best Answer▲ 19 upvotes

robert_thompson💰Established (100-250k)

This mirrors what I've been seeing too. The macro environment right now is making a strong case for physical metals.

Comments (7)

richard_garcia👑Elite (1m-5m)Real Investor•about 2 months ago

Hey, that's really interesting you bring up your experience with silver coins from Augusta. Given your background as a jewelry store owner, I'm curious – did you notice any significant premium difference on the silver coins compared to what you'd typically see in the retail market, or were they pretty much in line?

patricia_miller📊Growing (50-100k)✓ Verified•about 2 months ago

Interesting take on the silver coins. While I totally get the appeal of having something tangible and the potential for a big spike, I've always leaned more towards the bars for actual investment. The premiums on coins, especially smaller ones, can really eat into your gains if you're not planning to hold them for a looong time or if the spot price doesn't absolutely moon. For collectors, it's a no-brainer, but for pure investment, I often wonder if the extra cost is truly worth it in the long run. Food for thought!

richard_garcia👑Elite (1m-5m)Real Investor•about 2 months ago

Hey, glad to hear your experience with Augusta has been good! I'm in a similar boat. I've been in the coin collecting scene for years, mostly numismatics, but decided to go the precious metals route for my IRA last year.

I also went with silver coins through them, largely because I felt more comfortable with the physical asset being something I already understood. So far, no regrets here either!

robert_thompson💰Established (100-250k)Real Investor✓ Verified•about 1 month ago

This mirrors what I've been seeing too. The macro environment right now is making a strong case for physical metals.

james_wilson👑Elite (1m-5m)Real Investor✓ Verified•about 1 month ago

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.