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Need Help To Find The Lowest Price For A 10 Oz Silver Bar.

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Spider5689's Avatar
United States
2269 Posts
 Posted 05/14/2012  7:29 pm  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
I just got off the phone with Goldmart. I placed an order for one 10 ounce NTR .999 Silver bar and three 1 ounce Johnson Matthey .999 Silver bars. The total cost for the order was $379 plus $8 for shipping and a $12 fee for purchasing with a credit card. The total cost for the entire order of 13 ounces was $399. Since the entire order is in stock, Goldmart will ship it out within the next 3 to 5 business days. I should get the order by Wednesday of next week. I think I placed the order at today's lowest price since the recent market has been showing a 20 cent rise.

Thanks again to everyone who helped me make my first 10 ounce silver bar purchase. I appreciate all the help from everyone.
Edited by Spider5689
05/14/2012 7:44 pm
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 05/14/2012  9:54 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Thirteen oz. of silver at 399 bucks is 30.69 per oz., and with silver setting at around 28.20 when you ordered that, you did real well at just right at 2.50 over spot per oz., on nice high quality silver. And that is just about as good as one can hope to do. Well done an nice score....
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Spider5689's Avatar
United States
2269 Posts
 Posted 05/15/2012  12:15 am  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
Thank you Silverhawk. I will continue to look for a 10 ounce poured bar. There is something about a poured bar that is so appealing.
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Spider5689's Avatar
United States
2269 Posts
 Posted 05/19/2012  9:35 pm  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply


Today the mailman just delivered my order.

It took 5 days from the time I placed the order with goldmart, to the time I received it.

I am extremely pleased to have my first 10 ounce silver bar. I am afraid I have become somewhat hooked, immediately after I opened the package, I started looking for a nice 50 ounce bar and a nice 10 ounce poured bar.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 05/19/2012  11:36 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
"I will continue to look for a 10 ounce poured bar. There is something about a poured bar that is so appealing"

And more importantly many collectors of silver do as well as they bring high premium an always get attention an bids....

Why waste ones time investing in something only I or you like, but no one else does, as that does us both little good. That has happened to me before, not often but times I have let my emotions steer me in the wrong direction, or overspend on something that I liked but others turned out not as much, lol....

Even checking the last five sells transactions is not a bad plan of say a particular item (10 oz. old pour say for example) that you want, an take that average an you have a pretty good idea what that item is worth....

Now, your plan should be at that point to get it for less then that average sell price to leave you some meat on the bone, say 20 to 25 percent less if possible if not more. Not easy but if it was everyone would be doing it, keep hunting as there in lies the challenge....

There are people out there wanting out of silver wanting to sell. An if one always used that simple system, they would rarely loose money an worst case break even I figure. just gotta hunt a little an not be afraid to toss out an offer you feel is reasonable...
Edited by Silverhawk74
05/19/2012 11:38 pm
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Ed_B's Avatar
United States
4008 Posts
 Posted 05/21/2012  9:48 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
There is something about a poured bar that is so appealing

In most cases, the poured bars do not look as good to me as do the better finished bars. The one exception to this is the 100 gram poured PAMP gold bar. I am fascinated with these and would really like to buy a few of them. Yeah, I know... most people prefer gold coins to bars but, hey... to each their own.
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