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 Replies: 10 / Views: 1,323 |
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Pillar of the Community
United States
834 Posts |
Can someone please tell me who has the best price on buying silver eagles, silver rounds, and silver bars ?
BRUCE.
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Pillar of the Community
United States
4867 Posts |
There is always ebay but there is quite a markup plus the shipping charges. You may end up paying $30 for a 1oz bullion coin when it's only worth less than $14/oz. I just don't think such a markup is worth the investment. It could be years before a 1oz coin is actually worth more than what you originally paid. |
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Bedrock of the Community
United States
14454 Posts |
The reason silver is having such a hard time making it over the 13-15 dollar hump is because all the people that bought silver 15 or so years ago at 14 dollars+ are finally able to dump their silver and not lose on their investment. If these people would hurry up and dump all of their stash the 20 dollar mark could happen pretty fast, but until that happens you either have to use ebay or some of the other bullion dealers and pay the shipping or find a local dealer that sells a little over spot and save the shipping both ebay and online bullion dealers charge. Then there is the option of a silver pool which is where you buy the silver at their prices and they keep it in an account (like a savings account) for you at their facility and you save the shipping charge but you do not have the silver in hand you just have it in an account. I used to do a silver pool with kitco, I bought when silver was 5.50 an ounce and sold when it went over 14.00 the first time earlier last year. Most people don't like this way but it seemed to work pretty well for me because I had access to sell at any time and never had to touch the silver itself |
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Valued Member
United States
455 Posts |
quote Bryan1315: "..all the people that bought silver 15 or so years ago at 14 dollars+ are finally able to dump their silver and not lose on their investment.."
Anyone who bought silver at $14 dollars 15 years ago as an investment is already way behind. I like to buy silver eagles, maple leafs, pandas, etc., but not for the investment purpose, I buy them because they look great and I truly enjoy owning them. I buy from Coast to Coast. I know they've gotten some bad press on their raw coins but I'm comfortable buying silver bullion pieces from them.
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Pillar of the Community
United States
1626 Posts |
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Pillar of the Community
 United States
834 Posts |
Thanks everyone for you ideas.
Bruce.
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New Member
United States
13 Posts |
I suggest you check out bulliondirect.com/ they have many different kinds of silver coins and bars at very good prices.
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Pillar of the Community
United States
751 Posts |
Here are some results of junk silver from last night at a local auction: 282 dimes (Merc/Roos) final price $242 (8.58x face, 89% of melt) 201 Wash quarters final price $423.50 (8.43x face, 87% of melt) 139 halves (Walkers and later) final price $585 (8.42x face, 87% of melt) 20 40% Kennedy half dollars final price $30.80 (3.08x face, 78% of melt) 20 dollars (21 Morgan and Peace) final price $187 (9.35x face, 91% of melt) |
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Valued Member
United States
98 Posts |
I always thought that to fairly value silver you were supposed
to use a 40:1 ratio gold to silver, in this regard, the current ratio
is 49 which means that either gold is overpriced at $665 or silver
is overpriced at $13.32. Can someone shed the light on this?
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Valued Member
United States
455 Posts |
quote Tpatna: "I like https://www.goldcentral.com"Tpatna, I checked the 2007 ASEs prices on goldcentral.com ($15.18) and Coast to Coast ($15.75). I've never bought from goldcentral. You'd say they're a class act? I saw an order form on their site for the fractonal AGEs with no indication of issue date. I'm getting a sense they're more of a trading house, bullion pieces changing hands frequently, maybe being handled carelessly, etc. I remember back in the 80s I bought some Krugerands from a bank in NYC that were pretty well circulated." What do you think? |
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New Member
United States
48 Posts |
If you have access to a local dealer, or coin shows, that is probably where you can get your best total price. It may be a little higher for the base coin price, but then there would be no shipping. It is where I've found the best prices, but I live in Massachusetts where there are a number of dealers and shows.
If you don't live near a dealer or have access to a show, then you will have to find your best mail-order place.
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Replies: 10 / Views: 1,323 |
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Posted 03/31/2007 10:59 am
