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 Replies: 11 / Views: 1,864 |
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Pillar of the Community
United States
2269 Posts |
This weekend I picked up my first silver bar at my coin shop. It was a one of those 4 ounce bars that look like bills. I paid 1 dollar over spot for the bar. So far this is the lowest I have paid for silver over spot. Ordering online and buying on ebay have proved to be more than a dollar over spot once you figure in shipping costs. I am curious to know what everyone pays for for silver over spot? I think I got a good deal, but I am always on the lookout for a better deal if there is any. Christopher |
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Pillar of the Community
United States
808 Posts |
Occasionally when the silver price is really volatile I'll pay as low as .5% below spot for 90% junk silver. Private label rounds, around .50 cents over. ASE's and SML's $1.50 over. The problem is finding volume. Most of my best deals are for very limited purchases. Edited by coinwatch
06/19/2012 11:32 pm
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Pillar of the Community
United States
1454 Posts |
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Valued Member
United States
272 Posts |
I like to use SilverTowne because they have free shipping on what I order.
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Pillar of the Community
Japan
666 Posts |
999 bullion - at 20% premium or more.
900-925 silver (junk, commemorative, proofs, etc) sometimes at 30% discount. Sometimes because I got too many of this silver and trading it for pure bullion.
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Pillar of the Community
United States
2120 Posts |
I have been paying about $1.25 over per ounce for AMARK, APMEX, Englehard, JPM, and Libertads. Been soaking it up. |
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Valued Member
Canada
321 Posts |
the only silver I hoard is junk silver coins I find in rolls, change, tills, etc. I may have the date already in my collection but acquiring any silver coin at face value is always a good feeling :)
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Pillar of the Community
Mexico
1304 Posts |
For recognized bullion rounds I pay a 12% premium (in part because it has a guaranteed buyback spread)
For unrecognized rounds (sterling) I have paid an average of $13.50 over the past year with the latest pickup costing $15.50/oz of ASW.
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Pillar of the Community
United States
2130 Posts |
When I first started buying pm's I bought 100 oz's at $11.50 per oz. I wish I had some extra cash then.  |
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Valued Member
United States
90 Posts |
Which websites do you use. I have been paying 1.49 over spot for 1 oz bars
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Pillar of the Community
United States
808 Posts |
For me the best deals are though my LCS. However, of the major online dealers, I tend to rely on Provident Metals or Goldmart for the lowest commissions. APMEX also runs great specials but you have to follow their Twitter feed and keep dry powder ready for unexpected opportunities. |
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Pillar of the Community
United States
808 Posts |
I also picked up some more 90% silver today for right at spot. My junk silver stack alone is now over 55 oz total silver weight! Woohoo!
Edited by coinwatch
06/20/2012 10:46 pm
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Replies: 11 / Views: 1,864 |
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Posted 06/19/2012 11:28 pm
