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re: Buying silver online?
Posted on 11/27/12 at 5:25 pm to OnTheBrink
Posted on 11/27/12 at 5:25 pm to OnTheBrink
quote:
I was going to ask a similar question. What do you guys buy/collect? I have mostly 1 oz. bars, but have recently added two 1 oz. coins.
I usually purchase 1 ounce silver rounds (mostly Silver American Eagles), 1 ounce bars (I stay away from the "sexy" silver producers due to additional premiums for the name. Silver is silver, I don't care who poured it) and Morgan silver dollars. Morgan's (depending on quality, but again, silver is silver) are typically great bangs for your buck since they are 90% silver. If you buy Morgan's and don't care about quality/grade, make sure you check the price of the individual Morgan and then multiply the spot price at that time by .7142 (1 morgan = 5/7 ounces) and If the morgan price is equal to or Less than the actual silver value, buy as many as you can afford. If its more, then you need to determine if the difference in the calculated value is proportionate to that of the premium being charged on 1 pure ounce.
This post was edited on 11/28/12 at 7:39 pm
1
Posted on 12/1/12 at 4:25 pm to drewnbrla
I tried to sell some silver junk jewelry to the guy at the coin shop. He ended up wanting a "comission" for lack of a better word. I was dissappointed in his offer. Do you just collect or do you sell some too? Just curious.
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