Anyone Buying Silver Mint Proof Sets As A Bullion Investment

I have been buying US Mint Silver Proof sets for bullion. So far my average delivered price has been 98% of spot. You just have to be ready to lose a lot of auctions, I doubt I win 5% of what I bid on.

I purchased about 20 sets! years range from 2002-2006. I bought during the run up to about 41-42 dollars an oz last year. The kicker? I was getting them for about $30/oz!

You have to look at some really obscure places that might sell them. I found 6 of them from an online garden variety store?, few from Amazon.com from small vendors that didn't change the price during the run up. Got some other ones from a sort of American souvenier store type place. Most places have caught on now, but still some deals to be had!

I buy one every year for my kids, but not really as an investment. There are better ways to put your money in silver IMO. Seems like I never have a problem buying junk silver at 90-95%, just have to be patient and do the "roadwork"

I'm not sure what you mean by "skunked" If you mean cheated the answer is no. If you mean failed to buy anything, then yes, many times.

I've had very good luck buying on ebay and ebay has a good buyer protection policy. I worry more about selling on ebay than buying. I've been burnt by a buyer that filed a non-delivery complaint 3 days after the auction on a item that was shipped ground. When it arrived he refused to withdraw his claim. It took 3 months of fighting and threatening to turn him in for mail fraud to get my money.