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New 10oz Bar.

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coincollect1's Avatar
Canada
1731 Posts
 Posted 06/04/2012  2:24 pm Show Profile   Bookmark this topic Add coincollect1 to your friends list Get a Link to this Message Number of Subscribers
Hey guys, I was off school today and I had an appointment near my silver/coin store. After I was done, we decided to go to the coin store to check out what they had for sale. I was just looking at bars and they were at a decent price.

I saw a silvertowne 10oz bar that caught my eye, so I grabbed it and bought it for $329. Was an OK price... but I'm not looking to sell anytime soon. But I think next time I might get the old poured 5oz bars. I didn't recognize the maker of the bars, but they were a little bit over 5oz of silver. But overall I thought it was a good buy, and it was nice to feel a 10oz bar in my hand. Maybe when I'm 20 (in 7 years) these will be double the value

New-10oz-Bar.

New-10oz-Bar.
Heres a pic of the size differences. 1oz,5oz,10oz
New-10oz-Bar.
Edited by coincollect1
06/04/2012 2:33 pm
Pillar of the Community
Namachieli's Avatar
United States
2120 Posts
 Posted 06/04/2012  2:46 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
$4 over spot per ounce seems a bit steep on a large bar.

But like you said, you aren't looking to sell, so it's a moot point.
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 06/04/2012  2:54 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
Nice looking bar CC!

Nice Purchase

What is your total stack up to now?
Pillar of the Community
coincollect1's Avatar
Canada
1731 Posts
 Posted 06/04/2012  2:55 pm  Show Profile   Bookmark this reply Add coincollect1 to your friends list Get a Link to this Reply
Silver prices in Canada is $29 and also he has given me great deals and also an error coin for free, so I'm not worried about $4
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 06/04/2012  2:59 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply

Quote:
so I'm not worried about $4

Technically $40 ($4 per oz)

I don't think the price is bad, you got a name brand bar and didn't have to pay any shipping.

Valued Member
Center Pin's Avatar
Canada
178 Posts
 Posted 06/04/2012  2:59 pm  Show Profile   Bookmark this reply Add Center Pin to your friends list Get a Link to this Reply

Quote:
Maybe when I'm 20 (in 7 years) these will be double the value


Sure wish I had been smart enough to spend my money like that when I was your age!
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 06/04/2012  3:03 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
Could be even more than double in seven years, if everything goes well
Edited by Canadian-Banknotes
06/04/2012 3:03 pm
Pillar of the Community
coincollect1's Avatar
Canada
1731 Posts
 Posted 06/04/2012  3:03 pm  Show Profile   Bookmark this reply Add coincollect1 to your friends list Get a Link to this Reply
$40 in total, but $4 per oz. but if silver goes past $33 its profit. And I think I'm around 35oz. I need to get more lol Personally I think $33oz is a great price... Sure its over spot but silver should go past 33. And I'm glad I started too, I've wasted so much money on pointless things
Valued Member
SilverCoinBoi's Avatar
United States
458 Posts
 Posted 06/04/2012  5:52 pm  Show Profile   Bookmark this reply Add SilverCoinBoi to your friends list Get a Link to this Reply
Glad to see ya starting young! I'm 20, and wish I woulda started earlier!

Great bar, btw.
Pillar of the Community
Ed_B's Avatar
United States
4008 Posts
 Posted 06/04/2012  5:58 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Could be even more than double in seven years, if everything goes well

Yep... also if everything goes poorly.
Pillar of the Community
coincollect1's Avatar
Canada
1731 Posts
 Posted 06/04/2012  6:52 pm  Show Profile   Bookmark this reply Add coincollect1 to your friends list Get a Link to this Reply
Yes hopefully its goes up
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 06/04/2012  7:35 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply

Quote:
Yep... also if everything goes poorly.

Also very true
Pillar of the Community
614 Posts
 Posted 06/05/2012  11:06 pm  Show Profile   Bookmark this reply Add tzarmarko to your friends list Get a Link to this Reply
Nice bar! I still think that coins are a better investment.

>:)
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 06/06/2012  12:05 am  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
Nice buys! I wished I had been buying silver back when I was 13.
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traevin's Avatar
United States
1454 Posts
 Posted 06/06/2012  12:44 am  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
When I was 13 I only had three things on my mind:

Girls, girls, girls.
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jokingjoker's Avatar
United States
2150 Posts
 Posted 06/06/2012  12:50 am  Show Profile   Bookmark this reply Add jokingjoker to your friends list Get a Link to this Reply
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