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Buying silver ... Brands

Posted on 3/10/16 at 7:14 pm
Posted by Teauxler
Baton Rouge
Member since Jan 2010
3286 posts
Posted on 3/10/16 at 7:14 pm
Can someone tell me why an ounce of silver is more because it's one brand versus another ? I would think an ounce of silver is an ounce of silver.
Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 3/10/16 at 11:12 pm to
quote:

Can someone tell me why an ounce of silver is more because it's one brand versus another ? I would think an ounce of silver is an ounce of silver.


The same reason any other item on earth has different prices from different vendors. Why is gas higher at one station than the other? Any business wants to extract the greatest possible value from it's product, kooky hunh
Posted by kiwitiger
New Zealand
Member since Jul 2011
24 posts
Posted on 3/11/16 at 12:23 am to
the more recognizable the brand the higher the premium in most cases. A potential buyer from you will have more confidence that what they are receiving is genuine without any type of testing. This is why coins from national mints are usually a good choice. You should get a large percentage of your premium back when you sell to a dealer and all of it if you sell to an individual.
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