| Author |
Replies: 4,802 / Views: 395,004 |
|
|
|
Bedrock of the Community
 United States
12886 Posts |
Paying immediately works out nicely when silver spot is languishing at $14 or is in the middle of an uptick. I'll always opt to save the 3-4%.
|
|
Pillar of the Community
United States
1817 Posts |
@angel: You're welcome. Generally, I have not found the premiums on bullion products at brick & mortar LCS to be anywhere competitive with the mail order APs. Prior to the opening up of the interwebs I had a collection that was underwhelming and very likely was cleaned or otherwise overpaid for inferior material through the dozen or so LCS that existed in my town at the time. The majority went out of business because of the quality of the items on web and they could no longer sell inferior items at inflated prices because they were no longer the only game in town. Thanks to the web, prices have gone down for average and above average material across the board and there is a great deal more fair play available now than with the LCS that went out of business. Those LCS that survived to this day have valued customer loyalty and fair dealing. Ironically there's only one LCS left in town and that dealer is well into his 70's now and he has a very limited supply of bullion (what customers bring him) and has never had a bullion puck for sale.
Edited by Bizybackson 08/06/2016 06:35 am
|
|
Bedrock of the Community
 United States
12886 Posts |
@Bizy... by "Paying immediately" I meant paying immediately at the online guys/APs such as JMB. I didn't make that clear, but I meant that I don't mind paying up front for bullion and waiting to receive.
I usually only go to the LCS for silver if I have an itch I can't scratch by waiting for a few days to have the silver in hand. Or if I need to find a used Dansco.
|
|
Pillar of the Community
United States
1817 Posts |
@CelticKnot: The above comment was directed primarily at angel as she doesn't seem to trust web based Internet businesses other than the US Mint, which I find unfortunate as it limits the type of numismatic and bullion based material you can buy for your collecting or stacking needs. Many of the Internet businesses do not have physical storefronts. Rent or leases for commercial space is the highest overhead cost for brick and mortar stores after salaries of paid and contract staff. By immediate delivery with mail order bullion I generally mean it to have a 14 calendar day turn around. The TR pucks are too far out to buy a roll of 10, physical delivery is 35 days, and like you've said only buy now if silver is languishing under $15 or is on the move upwards. It dropped nearly 75c per oz yesterday, so no deal yet.
|
|
Pillar of the Community
United States
2168 Posts |
Thanks. And I only buy through the mint the items basically not available at the local stores. I like cash and carry for my purchases. I don't buy online in general not just PMS. Thanks again
|
|
Pillar of the Community
United States
2168 Posts |
Also I can't think of much I would buy and pay for that far in advance. I guess it is to hold the price but as all know we never know about that. And I recall a company last year I think that was taking orders and not fullfilling for very long periods. Just the chance to take that a company will do as it says. I know these companies have been around but I just prefer to pay upon receipt or at least shipment
|
|
Pillar of the Community
United States
4901 Posts |
I have bought ATB rolls from JM Bullion, Provident, BGASC and MCM and have sent a check for all purchases to save the CC charges. I have had no issues with any orders. I also have no issues with waiting 5 days for the check to clear and the free shipping included. I consider the coins mine on the day of purchase...just not in my possession yet My cost depends on spot silver at the time of purchase and doesn't change after the order is placed....and re: reliability...believe me these one roll orders are chump change for these big boys. They are VERY reliable My opinions only
|
|
Pillar of the Community
United States
7390 Posts |
 I have bought many rolls of ATB pucks mainly through JMBullion. I've always paid with a check but I do have the option of using an e-check to get the coins faster but I like paper check better for records. I just send it in a priority envelope for $5 and they get it in a day or two and I get the coins in a week or two. Easy peasy
|
|
Bedrock of the Community
 United States
12886 Posts |
 I don't do a lot of volume but I've purchased enough times from JMBullion that I qualify for the e-check option as well. It's smooth, fast, and easy. My purchases from JMB are limited to rounds and bars and I've never had an issue. With perennial free shipping and their frequent sales of silver at $0.80 over spot per ounce (or less), it's a great option for adding bullion. I have yet to get any bullion ATB pucks and I'm not sure I will at this point. But if I were ever to do so, I wouldn't hesitate to use JMB or any other reputable online bullion dealer.
|
|
Pillar of the Community
United States
1817 Posts |
Thank you for proving my point, all, that e-commerce has made the trading of physical precious metals relatively painless. I get angel's position of not trusting the Internet with horror stories of the famous AP last year that held on customer funds with no actual bullion in its vaults or getting shorted by paper efts, but these are far from the mainstream activity of the recognized and legitimate APs. My point is even for someone like angel who does not buy mail order, the Internet has leveled the playing field by winnowing profit driven only LCS and dealers overcharging for overpriced junk by putting them out of business. It has left only those dealers willing to deal fairly, honestly and with integrity. Doing shady business today on the Internet is a risky endeavor, IMO. News of bad apples can spread like wildfire and some company's previous hard earned sterling reputation can in be tatters within a week. This discussion has pretty much gone off topic, but I will say bullion puck buyers either like to stack shiny plates of metal or as a hedge against a fiat based economy and the resultant rise of inflation. However you spend your dollars with mail order or at the LCS, that trading world is far different place than say 25 years ago when there were far limited options.
|
|
Pillar of the Community
United States
4901 Posts |
Quote: With perennial free shipping and their frequent sales of silver at $0.80 over spot per ounce (or less), it's a great option for adding bullion. Speaking of which, my present order with them has, in part, a brand name 10 ounce silver bar for spot price...no premium. (one per) Now THAT's a sale 
|
|
Pillar of the Community
United States
2168 Posts |
There may be some lesser premiums since spot has increased quite a bit rather fast. I noticed that happen back a few yrs ago when silver climbed high quickly. Dealers may have purchased while lower thus still are making $$ plus moving inventory
|
|
Pillar of the Community
United States
2764 Posts |
I have also bought from JM Bullion and other mentioned AP. The only online dealer I had problem with is Gainsville (they left finger marks on the surface of the coins I bought, which only became evident after 1+ year in the airtite capsules. Btw, Foxwoods Man mentioned about JM 10oz @ spot price offer, I bought one (at $204 shipped), sent in the check and my bar in on it way over. A few days ago, while my check was in transit, the price drop to $198 (since spot price drop). The offer is still available here: http://www.jmbullion.com/starter-pack/Regarding TR bullion, I will take my chance and wait until next month to buy (despite a high chance that spot price will move up in Sept).
|
|
Pillar of the Community
United States
4901 Posts |
Back to $202 now..if anyone wants 10 oz of silver at spot with zero premium, enclosed in protective plastic, and sent in a velvet pouch...AND free shipping...go for it...great offer
Mine will be here tomorrow
|
|
Bedrock of the Community
 United States
12886 Posts |
I'm going to pull the trigger on this one at some point. Note that it's: Quote: Deal limited to one per household forever. Guess I need to wait for spot to drop a bit and call in some favors from friends and relatives. 
|
| |
Replies: 4,802 / Views: 395,004 |