re: Gold/Silver buying

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The only coin I found which might be somewhat valuable is a 1883 silver dollar minted in New Orleans. It is in very good, if not excellent, condition. The "O" is very prominent under the eagle.

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An ungraded, circulated 1883-O Morgan silver dollar in great condition could fetch $50 or so on eBay.

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Eta: there was also a 1902 Indian head penny.

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Assuming it's a typical circulated coin, maybe a couple of bucks for that.

Those are both common mintages, so the only thing that will impart value is condition. It would be very unusual to find such a coin sitting around loose in a drawer that would grade highly enough to justify the expense of having it graded.

When you sell the gold do buyers actually pay market value?

They will pay you the bid price. There is a bid/ask price just like any other equity or security on a traded market. For example if the spot price is 1750, the bid is somewhere around or under the spot the ask is somewhere above that 1750, depending on demand, quality of coin ( ie Krugerrand vs. Gold Eagle), and supply. For instance, the spot price of gold could be at 1000$ an ounce but b/c of short term supply issues you might have to pay 1100$ an ounce. The premium is a very important aspect of buying any precious metal. In more liquid markets, the premium is much smaller. That is why when you buy a regular bullion bar or round, you pay closer to spot b/c it is not as unique (numismatic value), does not have as an elaborate stamping (usually), and is not given government assurance with a mint mark etc etc.

"not taking a chance on fake silver on ebay for the same price or more"

Actually it is pretty safe to sell and buy silver/gold on ebay. The rating system on ebay is priceless and you can really trust anyone that is a TopRated Seller.

I have been both a buyer and a seller on ebay, you might overpay by a few bucks on ebay but you will get your order much quicker than any large processor and get the chance to sell your silver/gold back in a very fast market.

Btw, many of the companies that sell from their site officially like Apmex, sell on ebay.

The only reason I do not buy on ebay is b/c I can find better deals elsewhere.

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Use FideliTrade

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Bingo.

Where can you get better deals than ebay?

It really depends on the circumstance you are in but if all things are equal Janky is right, in a depressed market, it is best to buy from FideliTrade or the others I mentioned as they are much closer to spot. However, when silver is bumping past 50$ an ounce and rising day in and day out, you might want to pay the premium at ebay which will always be a few dollars more than at the places I mentioned.

However, it will be worth it as the large processors can not send your order out as fast as an individual or small company on ebay will.

However, FideliTrade is unique in that you can store your gold and silver at their Depository (The First State Depository) and all them back the next minute if prices all of a sudden spiked, and sell your gold and silver, but of course it will be less than what you can sell it for on ebay but it will be seamless, and be back into your checking account in a matter of hours.

If you are buying silver and gold, I encourage you to open a FideliTrade account, it is really easy and quick. Here is a link to the order form for individuals:

FideliTrade

and then when you fill that out, send it to info@fidelitrade.com

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"I rather hold my silver/gold in my hands. Not looking to be on a daily trade. Buy it and keep it for some time.
I order it and it comes in few weeks later due to I go through a frind that has to go to his dads house to get it. Other than that it only takes a week at most to come in.
1.40ish over is not to bad for oz generic silver. Local shop is around $3 over "

I hear ya, but you can buy generic silver for .85 cents over spot at Gainesville for bankwires over $2k. That's 40% below the price you pay.

https://www.gainesvillecoins.com/

Btw, you can still take physical delivery with FideliTrade... Best of both worlds imo.

No shipping is a plus, but if you are ordering 2000$ worth of 1 Tr Oz generic silver coins that is approximately 58 coins which would result in a little over .34 cents a coin, which brings it closer to what you pay but still a discount.

So if you buy a 4000$ order you should get it for about .17 cents a coin w/ current prices.

Ya, I recomend GDXJ or GDX. Don't bother with the ETFs SLV, GLD, etc... I would stay away from something not backed 100% by physical.

Read this link if you do decide to go with an ETF before you buy.

https://www.caseyresearch.com/articles/danger-paper-gold

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there was also a 1902 Indian head penny

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Close, but 1909 Indian head is the one you need to find.

Matter of fact grab any 1909 penny you find grab.

1909 S VDB wheat penny is one of the rarest coins in existence.