Just up on Zero Hedge in relation to Gold:
Posted on 06/28/2013 7:05:12 PM PDT by ak267
Any recommendations for vendors who sell silver coins (1/10th to 1oz)? Just want to buy some to be prudent.
provident metals.
gainsville coins.
Or your local coin shop.
Bags of 90% silver dimes.
I like apmex.com and have used them several times
Always factor in shipping, insurance, and a premium to use a credit card from whoever you buy from online.
You’re unfortunately too late to use my strategy. I bought at the most recent peak and have been watching it crash every day.
Try to find a local dealer who will agree to selling at spot plus $2 or 2.50 and buy at $2 under spot, that give him a $4 hedge and you won’t have to pay shipping and insurance.
If there is a mine/refinery in your area you may be able to buy at $1.50 over spot and sell at $1.50 under spot.
If you must buy online try www.Kitco.com or www.apmex.com But buying local or from a mine/refinery is really your best bet.
Keep in mind, silver coins are not .999 fine, for instance a Morgan silver dollar is .77 of the one ounce price. A good melt calculator is found at: http://www.coinflation.com/coins/silver_coin_calculator.html
Hope that helps, by the way, with silver under $20 an ounce, this would seem to be a great time to buy.
why do you want to pay for the striking costs and other handling fees to buy coins? Silver troy ingots same stuff less intermediaries, more industrial demand, IE better faster cheaper.
That was my strategy, too!
OTOH, it will recover when the SHTF!
And then, we will be in tall cotton, particularly if we have a lot of .22 in the gun safe!
I buy my gold and silver at a local coin dealer. All you have to do is compare internet prices, delivered to your door, to the local prices. There are any number of coin dealers and pawn shops in every community who sell gold and silver coins.
Just up on Zero Hedge in relation to Gold:
buy from a vendor that doesn’t charge state sale taxes on PMs.
I don’t worry about. Bought gold for the first time years ago and it immediately lost $100 per oz. Still have it. Silver, I am still ahead, just not as much. Never put everything into one investment.
Ebay
I hold for the insurance aspect, not for investing - have gone Galt. That said, buy low and sell high - guess what, prices are at three year low!
“hold for the insurance aspect”
Yup. And I just like silver. It “feels” like money.
Good question. Here's one back at you. If you were buying something and silver was the means of payment, would you rather take a known quantity of silver such as an old silver coin or would you accept a silver ingot with a hedgehog on it? Seriously. Because I've been asking this question of myself.
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