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Started By
Message
Need Help Buying Silver
Posted on 4/10/13 at 5:52 pm
Posted on 4/10/13 at 5:52 pm
Yes I searched, but a lot of the threads I found were older.
I'm looking to purchase silver coins just to have in a SHTF scenario. Not really looking for any type of special commemorative coin, just pure silver.
What is a good % above spot to buy at?
What is a good online/local place (New Orleans area) to do so?
Anything else I need to know since I have no experience with precious metals?
Not really looking into this as an investment, just a hedge against life as we know it going up in smoke. Unless the value of silver tanks ridiculously, I'm not too worried about the slight price fluctuations.
I'm looking to purchase silver coins just to have in a SHTF scenario. Not really looking for any type of special commemorative coin, just pure silver.
What is a good % above spot to buy at?
What is a good online/local place (New Orleans area) to do so?
Anything else I need to know since I have no experience with precious metals?
Not really looking into this as an investment, just a hedge against life as we know it going up in smoke. Unless the value of silver tanks ridiculously, I'm not too worried about the slight price fluctuations.
This post was edited on 4/10/13 at 5:54 pm
3
Posted on 4/10/13 at 6:11 pm to TigerTatorTots
apmex.....buy no more than $5K worth, the economy will never truly tank and our dollars be worthless....thats just a joke to consider bc if that happened your silver bars would be worthless
Posted on 4/10/13 at 6:18 pm to ThaBigFella
Looking at Apmex right now. The markup is saddening 
Silver would need to rise 8.6% just to break even on their basic Apmex 1 oz silver coin
Silver would need to rise 8.6% just to break even on their basic Apmex 1 oz silver coin
Posted on 4/10/13 at 6:22 pm to TigerTatorTots
silver dollars on ebay
/thread
/thread
Posted on 4/10/13 at 6:22 pm to I Love Bama
People gonna sell me some fake shite?
Posted on 4/10/13 at 6:24 pm to TigerTatorTots
just like anything else, use a reputable seller. I go to local coin auctions with my gradfather and buy every now and then. He is a gold/silver horder though.
Posted on 4/10/13 at 6:30 pm to I Love Bama
Damn, those ebay people think silver is still over $30! Granted, I'm not looking through 10,000+ listings, but every one I see is $32+
Posted on 4/10/13 at 7:06 pm to TigerTatorTots
I bought from Monarch Precious Metals.
I had no problems.
I had no problems.
Posted on 4/10/13 at 7:30 pm to TigerTatorTots
I buy silver eagles from Gainesvillecoins.com They seem to have the best prices.
Buy professionally graded coins by PCGS or ANACS(the top of the line service). There are other grading services such as ICG that are decent graders.
Be careful from buying off Ebay or other unknown sources, scam artists have found an alloy that passes the old magnet test.
ETA: HSN, Thecoinvault, amoung others are real pricey...
Buy professionally graded coins by PCGS or ANACS(the top of the line service). There are other grading services such as ICG that are decent graders.
Be careful from buying off Ebay or other unknown sources, scam artists have found an alloy that passes the old magnet test.
ETA: HSN, Thecoinvault, amoung others are real pricey...
This post was edited on 4/10/13 at 7:33 pm
Posted on 4/10/13 at 7:33 pm to Reubaltaich
quote:Since I'm new to the metals game, my question is why buy Silver Eagles when it is the same amount of silver, yet higher price than the other 1oz silver rounds?
Reubaltaich
Posted on 4/10/13 at 7:44 pm to TigerTatorTots
Sorry I ran off for a bit but it looks like you got your answer.
Posted on 4/10/13 at 7:54 pm to TigerTatorTots
quote:
Since I'm new to the metals game, my question is why buy Silver Eagles when it is the same amount of silver, yet higher price than the other 1oz silver rounds?
I purchase sliver eagles more for their looks and intrinsic value.
And in the event of a 1930s Germany type devaluation of our currency, it would be easier to barter/sell an actual coin rather than a 'round'.
Most people purchase PMs as a store of value or a hedge against inflation
I have several 'semi-rare' coins
and their value has more than doubled in the last few years. Its hard to get that rate of return in the stock market. Plus, they make nice Christmas and other special occasion gifts. Give a child a silver eagle, they have stars in their eyes. It will be something they will cherish the rest of their life.
Good luck.
Posted on 4/10/13 at 7:55 pm to TigerTatorTots
silver eagles are the most common form of silver so I guess in a SHTF scenario they would be more tradeable...
I actually sold a few silver eagles I had sitting in a drawer for 32+ on eBay a few weeks back, transaction was quick and painless
I actually sold a few silver eagles I had sitting in a drawer for 32+ on eBay a few weeks back, transaction was quick and painless
Posted on 4/10/13 at 8:43 pm to jso0003
I need to decide if $31.48 for the Silver Eagles is worth it more than $28.77 for the silver rounds.
This post was edited on 4/10/13 at 8:58 pm
Posted on 4/10/13 at 9:00 pm to TigerTatorTots
well I'm not a PM guy, but I would think the silver eagles are your best bet. they are theoretically more tradeable, and the price premium isn't really a big issue because you would most likely benefit from the same price premium in a sale/trade..
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