What is Silver Stacking?

What does it mean to be a silver stacker?

Being a silver stacker means committing to collecting physical silver, usually as part of a long-term strategy. Silver stackers usually choose to stack silver coins or bars to diversify their portfolio and protect their future wealth, by holding physical assets that have proven intrinsic value. Many stackers also enjoy the historical or aesthetic qualities of silver, especially silver coins, and sometimes choose to collect pieces that are rare or beautiful.

Some people may be silver stackers without realising it. Anyone who regularly buys silver coins or silver bars is essentially a silver stacker. Whether a person chooses to buy silver for investment purposes, or due to a passion for collecting, they become part of a community of silver stackers. This community often includes collectors who share tips and advice, and have created a large supportive network of like-minded people around the world.

Advice for silver stackers

Rule number one is that silver stacking should ideally be a private practice - keeping your silver stack hidden will help to ensure its security, and it is important not to disclose information about your collection to others, where possible. Discretion is key, as public knowledge of your silver holdings and where they may be kept can make you a target for theft or fraud. Here are some more pieces of advice to help you stack silver effectively and securely:

• Purchase from reputable dealers: Always buy from a well-established and trustworthy precious metal dealer as this will reduce risk. Look for dealers with many positive reviews and a strong reputation.
  
  
• Start small: Begin your stack with silver coins, rounds, or bars that are affordable to you, so that any mistakes made due to inexperience are not too costly.
  
  
• Monitor silver prices: The price of silver fluctuates constantly, and can be volatile, so keeping an eye on market trends is essential. By monitoring the price of silver regularly, you can make much more informed decisions about when to buy or sell.

• Maintain detailed records: It is a good idea to keep thorough records of all your silver purchases, including receipts and any other documentation that verifies the quality and origin of your silver items. Detailed records will also help you to track your portfolio, as well as calculate the value of your stack and provide proof of ownership if needed.
  
  
• Research the market: Educate yourself on the factors that can influence silver prices, such as economic indicators, geopolitical events, and current supply and demand. Understanding these can help you anticipate movements in the price and make better decisions.
  
  
• Set goals: Whether you decide that your goal is to collect a total target weight of silver, or a total target value, having a clear plan based on your financial goals and current budget can help you stay focused and disciplined.
  
  
• Diversify your collection: Many stackers choose to buy a mix of different types of silver, such as coins, bars, and rounds. Each of these types has its own advantages and having a mix can enhance the value and liquidity of your collection.
  
  
• Look out for deals: Many bullion dealers will offer special deals or discounts, such as lower premiums when buying in bulk. It is also a good idea to look out for pre-owned silver coins and bars as these are often cheaper, with some also offering tax benefits.
  
  
• Join the stacking community: Getting involved with the silver stacking community can help you connect with others and gain the opportunity to learn from experienced stackers, as well as share experiences with others. A quick online search will help to find social media groups or forums.

How to safely store your silver

Silver is not something you simply keep lying around your home. Storing silver safely is a key concern for stackers, and there are a few different options to consider when it comes to keeping your bullion safe and secure. Here are some tips on the best way to store your stack:

• Use a safe: Invest in a high-quality, fireproof safe for home storage. Ensure it is securely bolted to the floor or a wall. Another option is to consider renting a safe deposit box at a bank.
  
  
• Find a discreet location: Avoid obvious hiding spots and consider hidden compartments or secure offsite locations.
  
  
• Control the climate: Store your stack in a dry, cool place to help prevent premature tarnishing of the silver. Many stackers also use silica gel packets to control humidity.
  
  
• Use gloves: When handling your coins or bars, using cotton gloves can help to protect them from marks and damage.
  
  
• Remember insurance: Ensure your silver stack is fully insured to protect against theft, loss, or damage.

Selling silver as a silver stacker

Some stackers choose to sell all or part of their silver collection when the silver price is high, while others decide to sell to free up some cash when needed. By keeping the following tips in mind, you can ensure the process of selling your silver bullion and coins is as secure and smooth as possible:

• Stay informed: Stay up to date with current silver market prices to determine the best time for you to sell.
  
  
• Choose a reputable dealer: Ensure you sell to a reputable dealer to guarantee a secure and trustworthy experience.
  
  
• Check prices: Compare several different places and the prices they are currently paying to ensure you get the best price for your items.
  
  
• Be aware of tax: Some silver items will be subject to Capital Gains Tax (CGT), so ensure you are aware of any tax obligations related to selling your silver and contact a professional if necessary. UK coins struck by The Royal Mint are always exempt from CGT 

You can sell your coins and bars to Atkinsons with confidence. For those looking to sell their silver items, we offer competitive prices and a straightforward process, ensuring you get the best value for your coins and bars. Whether you are looking to sell a few pieces, or liquidating your entire stack, our experienced team can assist you in achieving an easy sale. See our ‘Sell to Us’ page for more details or call the team on 0121 355 0620.