I bought (20) 2010 silver pandas from a private seller at $21 per coin when silver was just above $19. They were retailing for $6 over if I remember correctly, but this guy wanted to turn them into gold so he sold them to me cheaply.
If I had bought eagles from him, I would have paid the same price . . . $21 per coin. I chose the pandas. Today, if I sold 20 eagles, I'd make $40 profit - shipping. Selling the pandas at $36 each, I'd make $300 profit -shipping.
Am I missing something, or were pandas the better choice?
(Even if I'd bought them for spot plus $10 back in 2010 ($29 per coin), I'd be looking at $140 profit -shipping)