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 Replies: 14 / Views: 1,980 |
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Pillar of the Community
United States
4870 Posts |
Edited by TheForce
09/24/2016 5:13 pm
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Pillar of the Community
United States
572 Posts |
Gov't issued bullion always carries a bit of a premium. Might be better off looking for a deal on a 5oz silver bar or going with generic rounds.
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Pillar of the Community
 United States
4870 Posts |
Actually I was looking at some generic silver rounds from JM Bullion...they have an eagle and are reverse proof. Quite attractive really. If paid by check it would be $107.60 for 5 rounds or pay $5 more if using a credit card. http://www.jmbullion.com/1-oz-jm-bu...ilver-round/UPDATE: I ended up buying the JM rounds. Paying by check. Edited by TheForce
09/24/2016 6:46 pm
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Pillar of the Community
United States
4333 Posts |
$112.70 for 5 silver maple/free shipping
Provident Metals
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
408 Posts |
That is too high. You should be paying around $110 with free shipping. Don't get jipped.
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Pillar of the Community
United States
4870 Posts |
What I am finding is that a lot of these places offer free shipping but usually there is a $100 minimum order. That kinda hurts small time collectors like myself.
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Pillar of the Community
United States
4333 Posts |
Quote:
What I am finding is that a lot of these places offer free shipping but usually there is a $100 minimum order. That kinda hurts small time collectors like myself. True, but free shipping with a min. $100 order is a great deal. Some are as high as $3,000 min on free shipping. They already operate on a slim profit margin, they deal in volume. Just my 2c When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
4870 Posts |
What is nice about the rounds I ordered is that they aren't tied to numismatics...just straight up bullion. These will be my first ever generic silver rounds.
I do like government issued silver because they are backed by their respective governments, however the premiums are usually higher. Further since they are coins the various years will be a different value based on numismatics rather than it's bullion value. That fact alone makes it tougher to collect a series at a low cost.
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Moderator
 United States
54282 Posts |
"I do like government issued silver because they are backed by their respective governments"
Exactly what benefit does one derive from something "backed by" a government? I hear this a lot in people explaining why they pay more. But what exactly does the government do to "back" something? Is it just -- oh we say it is .999 silver so you better believe it!
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
United States
4870 Posts |
I just mailed out my check. I'll post pics when my rounds arrive.
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Pillar of the Community
Norway
1358 Posts |
Those rounds actually look quite nice.
I'm wondering if people mistake 'issued by a government' for 'backed by a government'. Just the fact that a government asks a mint to issue a certain series of coins in a specific type of metal doesn't automatically mean that you'll also get a lifetime warranty by that government, neither does it mean that you get better or worse quality precious metal than on privately issued rounds. Keep in mind that a lot of mints worldwide are now privately operated and are just executing orders for governments and other parties.
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Pillar of the Community
United States
4870 Posts |
They just received my check yesterday. Hopefully they will ship soon. But in the future I think I'll just pay by credit card or PayPal...much faster turnaround that way.
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Pillar of the Community
United States
4333 Posts |
What's the rush?
I always like to save a few bucks on PM purchases, the price is locked, there going nowhere but here.
Not planning on flipping 'em, so I can wait weeks.
But that's just me.
May the force be with you.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
4870 Posts |
I guess I am just spoiled with fast shipping since I am used to having it on Amazon...lol |
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Pillar of the Community
United States
4870 Posts |
Just an update, the silver rounds have not arrived as of yet. But my 5 silver maple leafs came today!
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Replies: 14 / Views: 1,980 |
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Posted 09/24/2016 6:01 pm
