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 Replies: 13 / Views: 1,083 |
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Valued Member
United States
458 Posts |
I am going to be buying some silver bars off of APMEX, and I was wondering if it is better to buy 1 oz or 5 oz bars? Or if it doesn't make any difference at all  These are for investment purposes only, looking to resell later in life  Thanks for the advice, and forgive me for not knowing it all yet  |
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Pillar of the Community
 United States
4618 Posts |
When silver takes off, it'll be easier to sell a 1 ounce bar for $5000 than a 5 ounce bar for $25000. Just kidding... sort of.
Really, it's up to you. If the cost is the same for 5 One Ounce bars as for One Five ounce bar, I see no real difference, but it might limit the number of buyers due to the price. When you want to sell, more people can afford the smaller bar price, even if the price is $40 per ounce. Having a big bar is impressive. If I had the money I'd have HUGE 100 ounce bars all over the house.
It's also easier to store small bars and you can handle the weight with less risk of droping the bar when you try to move it.
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!! 
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Valued Member
 United States
458 Posts |
Thanks for that advice Yokozuna :) Figured smaller bars would be easier to sell in the future...
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Valued Member
United States
362 Posts |
Well it depends. Generally smaller bars are better because they are more liquid and easier to sell. But these usually have a premium, that is cost more. If you want a lot of bars, 5 oz maybe the way to go, but if you are only getting a few the 1 oz might be better for you in the long run. I check APMEX daily for their quick silver and gold prices, but have never bought from them. Right now I'm looking at the silvertowne site, for their cheaper bars, and free shipping. Good luck! |
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Valued Member
United States
458 Posts |
I was looking at that site as well because I heard of the free shipping.
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Pillar of the Community
United States
3670 Posts |
I like to stay around 1 oz. mostly in size for the reasons mentioned above, as if silver even hit 1000 an oz., it would be tough to sell the larger bars....
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Valued Member
United States
458 Posts |
Very true. 1 oz bars it is! :) lol
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Bedrock of the Community
Australia
21788 Posts |
In Australia, it is better to buy in tiny amounts of $100 or less.
Because an item is that small or smaller, the tax man has no interest in you. Legally, he can ask for capital gains tax on coins or bullion that has turned an investment profit on sales over $100.
So buy lots of small items, sell individually.
Mind you, you can claim a loss against a gain on another investment for nil tax.
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Pillar of the Community
United States
1150 Posts |
I understand you are asking about bars, however my best advice would be to buy junk silver dimes and quarters. These will be much, much more liquid and tradeable when the US dollar collapses.
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Valued Member
United States
458 Posts |
And why is that Mitch? Seems like 1 oz bars would be about the same as my Morgan dollars :P |
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Pillar of the Community
United States
4008 Posts |
Quote:
Right now I'm looking at the silvertowne site, for their cheaper bars, and free shipping. I also looked there but found that on the 25 10-oz. bars I want, Provident was $225 cheaper in spite of the free shipping. Would like to see a brief pull-back in the price before committing to a substantial purchase, though. I like ASEs the most, Morgans second, then Walking Liberty halves, then bars, and then 90% silver coins. I agree that in a barter type situation, 90% silver coins are best because they can be used to buy things at close enough to the value of the item purchased that no change is needed. This is important because silver money cannot be divided smaller than a dime unless we start cutting them into smaller pieces ala the old Spanish "piece of eight" coins. I do like the 10-oz. bars but not as barter items, unless it is a LARGE item like a home or land, but as a store of value. Today, for example, we have about $36 / oz. silver. A 10-oz. bar can be had for around $375. If silver were to go to say $150, that would put the 10-oz. bar value at around $1560. This is probably too high to be of much use as money but it is not more expensive than most local coin shops can handle. It would also be more reasonable in price than the 1/2 and 1 oz. gold coins if they see the same gains from today's prices. |
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Valued Member
United States
458 Posts |
Another great post of advice :)
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Pillar of the Community
United States
648 Posts |
Keep the 5 oz bars for yourself to stack a personal collection. ( I like them a lot )
But stack some 1 oz bars as well for liquidity purposes.
90% to me is kind of whatever, because it's not .999.
A lot of members on this forum swear by 90% for many logical reasons.
I do collect some 90% but not as passionately as .999 silver.
Good luck.
Edited by tripncoins
07/14/2011 11:48 am
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Valued Member
United States
458 Posts |
Thanks for the post. I figured out that I would be collecting 1 oz rounds and bars (the cool looking ones, if they come up for a little over spot price). :)
And I collect Silver Quarters Dimes and Half Dollars. Always trying to fill my folders.
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Replies: 13 / Views: 1,083 |
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Posted 07/12/2011 12:19 am
