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I Want To Purchase My First Silver Bar Online, Thoughts?

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Valued Member
United States
421 Posts
 Posted 01/08/2012  09:46 am  Show Profile   Bookmark this reply Add mariospaghetti to your friends list

Quote:
Better deal to go to my local screwjob coin dealer and pay 40 an oz


This line sounds funny but it is true. My local coin/hooby/ metal buyer has gotten a bit wiser and decided to drop the prices on ase/ run of the mills morgans and piece dollars because he wasn't selling any. He still mwants $6.00 over spot for ASE and $7.00 over spot for the later 2 items. OUch!
Pillar of the Community
United States
5866 Posts
 Posted 01/08/2012  10:08 am  Show Profile   Bookmark this reply Add barryg to your friends list
I'm sorry, but I keep getting distracted by this part:

Quote:
I have a massive pile of silver coins and gold from my grandparents

Valued Member
United States
362 Posts
 Posted 01/08/2012  11:32 am  Show Profile   Bookmark this reply Add ICanSeeYou7687 to your friends list
I want some pictures!

As far as silver bars, at least in my opinion, you should get the bar with the lowest premium (that is, additional cost over the spot price of silver).

Things that should have premiums are things with history and other value which in my head means coins or other memorabilia. The englehard bars have always had a good name, and sought after which is why they usually cost more then the base price of silver.

But to me, if you are buying a bar you should not be paying to much over spot. Which is why I like silvertowne.com a lot. You can get bars at a great price with free shipping! Where APMEX has good prices, but expensive shipping which makes it almost not worth it unless you are getting bulk items.

And remember, buying these arent spending money they are simply reallocating it! Just my opinions of course, you or others may feel different
Valued Member
United States
318 Posts
 Posted 01/08/2012  3:20 pm  Show Profile   Bookmark this reply Add SilverEye to your friends list

Quote:
And remember, buying these arent spending money they are simply reallocating it! Just my opinions of course, you or others may feel different


Tell that to my wife! She calls all my silver "shiny trinkets". Does anybody else not get a lot of support from their spouse?
Pillar of the Community
United States
1510 Posts
 Posted 01/08/2012  3:56 pm  Show Profile   Bookmark this reply Add Coinstar to your friends list
yes silvereye I get dogged out too.


Quote:
Does anybody else not get a lot of support from their spouse?



Retired USAF 1983-2003
Edited by Coinstar
01/08/2012 3:56 pm
Rest in Peace
United States
9104 Posts
 Posted 01/08/2012  4:01 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list
, crystalH!
Pillar of the Community
Canada
1733 Posts
 Posted 01/08/2012  5:47 pm  Show Profile   Bookmark this reply Add Ugly to your friends list
My spouse has been FANTASTIC with everything except my wish to buy the 1921 Specimen set. That did not go over well at all.

I buy a lot from JM in Vancouver, trust has a value and I trust them. I don't buy silver per se but I buy a lot of gold with silver if you know what I mean.
Pillar of the Community
United States
4008 Posts
 Posted 01/08/2012  8:53 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list

Quote:
I have a question Ed B...

One of the great things about collecting coins and bullion is the amazing variety of things available to buy. Items with great designs / artwork are likely to cost more than a simple 1-oz. silver round or bar. In some cases, it is worth the extra cost if we REALLY like the design. Otherwise, stick to the basic bar or round and get the most silver for your money.


Quote:
Does anybody else not get a lot of support from their spouse?

My wife doesn't really care if I buy silver or not. It's pretty much my thing and not hers. I am spending my own money, which we keep separate. We have a hers, mine, and ours thing going as far as money is concerned. As long as I can fund the "ours" fund that pays the household bills, she doesn't care what I spend on my hobby.


Quote:
And remember, buying these arent spending money they are simply reallocating it! Just my opinions of course, you or others may feel different

Amen to that, Bro! Buying silver, for me anyway, is not spending money. It is merely converting one form of money into another. Uncle Ben notwithstanding, silver and gold ARE money... and have been for thousands of years. If I convert $1000 worth of intrinsically worthless Federal Reserve Notes paper into $1000 worth of REAL money silver, it is a terrifically good deal, IMHO.


Quote:
Im finding most places don't ship to Canada, or they want waaaayyyy to much for it.

Yes, that can be a problem but it is one that is easily understood. Cross border shipping is a genuine pain in the neck, so lots of places are either not willing to do it at all or they want to be paid for their extra effort. Not sure what the problems are but probably have to do with differences in shipping rules between USA and Canada requiring more forms or some such before the package can get from here to there. Both governments should address this so that shipping across the border is no different than shipping the same items in-country.


Valued Member
Canada
85 Posts
 Posted 01/09/2012  9:11 pm  Show Profile   Bookmark this reply Add crystalH to your friends list
I did some research and the closest dealer to me is a 25 minute drive. So these days with gas prices I may as well just pay $12-$20 in shipping. I still havent purchased any. I'm still looking around at the sites suggested here. I'll probably only spend $200ish on my first purchase.


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United States
3670 Posts
 Posted 01/09/2012  10:21 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list
I figure Silvertowne with free shipping on these miner bars 5 oz. are the best bang for your silver bar buck....

If you want to spend 200, you could get another 1 oz. bar taking your total to 6 oz. at right at 200 bucks....

http://www.silvertowne.com/p-11651-...ver-bar.aspx
Valued Member
Canada
85 Posts
 Posted 01/09/2012  11:08 pm  Show Profile   Bookmark this reply Add crystalH to your friends list
thanks silverhawk for providing that. I just purchased it now. Just went with that 5 oz bar :)

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United States
16679 Posts
 Posted 01/09/2012  11:25 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
swcoin.ecrater.com
Rest in Peace
United States
9104 Posts
 Posted 01/10/2012  03:52 am  Show Profile   Bookmark this reply Add biggfredd to your friends list
Doesn't tulving have a $5000 minimum?
Valued Member
United States
333 Posts
 Posted 01/10/2012  05:39 am  Show Profile   Bookmark this reply Add BuffaloBonehead to your friends list
Tulving has a minimum on each product. For 1000 ounce bars, the minimum is 1. So have at it!
Valued Member
Canada
85 Posts
 Posted 01/12/2012  11:46 pm  Show Profile   Bookmark this reply Add crystalH to your friends list
Well I see the bar I purchased is a little bit more now. Instead of 159 its 163.50. Just to add, I went to the casino yesterday and won $75 and put it on my credit card to help pay for the silver bar. Soo it makes me feel like I only paid $84 for the 5 oz silver because it was freeeeee money!
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