Would You Go For It?

Its local

It all seems to be just bullion with no added value, I wouldn't pay more than a couple dollars over spot.

I always look at it as , how much does silver have to go up for me to break even, or a profit ? And when do I think silver is going to get there.

If I pay $32.50 for these, spot is $28.69 , I will be $152.40 in the hole until when ? Next month ? Next year ? How many investments can I make at a deficit over the next year ,until they go up.

$3.81 per coin over spot is a lot for a private sale, unless you think spot will be over $32.50 with in the next month or so.

Tell him to go to the coin shop and see what they will pay him, then come back and talk to you.

For $4 over spot you should be able to go pay retail and buy what you want and in what quantity you want.

I picked up 25 ASE for spot +1 a few months back. I wasn't in the market for that many coins in one buy, but the seller was so agreeable it worked out well.

I said lets do a deal that makes us both feel good. That many coins is not my typical buy, and he didn't want to go to the coin shop to sell because he got them given to him and was worried about taxes so I told him I pay $3 over spot from the shop, the shop will give you -$1 under spot, so lets split the difference.

A month later my friend asked how I felt about the deal (we met at his place) and I said I felt good and asked what his dad thought, and he said he was really happy with how it went too and told me his dad had mentioned that he's got another 60 or 70 that he inherited and would like the money to give his kids for college money and would like to sell them this summer and said if I would do the same terms he would be interested. My friend said he also has an uncle that also inherited about 100 that was asking if someone would want to buy them at a fair deal.

I'm rambling but my morel of the story is don't rip people if you have the chance to, but don't be a patsy if someone is trying to screw you either. Find out what the coin shop will give him and find a number in the middle.

Good call meagan1823, you'll find more and better deals down the road.

I pay $1.50 over spot for painted ASEs and wouldn't pay more. On the other stuff--why pay more than you'd pay Goldmart or Provident for new coins?

You did well to pass this one up.

"I'll give ya spot for it."

I offer this a lot. I don't collect rare coins, I'm just stacking bullion. Don't get many takers, but when I do, I feel good.

My analysis indicate that silver will drop to $20 and later rebound back to the $35 region with support being around $25.
The economy is currently spurring, but only temporarily, I recommend buying tech and base metal stocks which would allow you to have a greater return than silver which would promise a meager 25-50% even if prices spike.
$4/oz is way too much, you'd be better off with silver ignots with reputable names but never generic silver (no name).
Hope this helps.