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re: Buying Silver?

Posted on 4/8/16 at 9:39 am to
Posted by kjacksonp
Mobile, AL
Member since Dec 2006
1067 posts
Posted on 4/8/16 at 9:39 am to
If you are going to buy from anyone other than a dealer like APMEX, MONEX, Provident Metals (my favorite), etc., get a magnet for testing authenticity. It is not fool proof but many scam attempts with silver dollars are made from metals that magnets attract.

The only items I consider on Ebay or collectible silver coins issued by mints such as Perth, etc. Any coins in bulk such as eagles or any other government or private issue coins and rounds are nearly always cheaper on dealer sites than Ebay. Provident is nearly always competitive and offers free shipping if >100 bucks purchased. JMBullion similar. APMEX still charges for shipping, I think but are competitive on pricing most of the time.

I like the suggestion about buying silver options.
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