[MalachiFourSix]

Where do you invest in silver?

[cc2k]

MalachiFourSix wrote:

Where do you invest in silver?

First, know what it's worth.

For ounces, this is a good reference (click the chart to go to a web page you can bookmark):

For US 90% silver coins, this page is a better resource: Silver Coin Melt Values (from coinflation.com).

Once you know the price to bid. Try these links.

• "1 Troy Ounce 999 fine silver"
• 90% silver dimes
• 90% silver quarters
• 90% silver dollars (includes half dollars)
• 90% silver coins

Don't bid to where bid+shipping is over melt value or spot price. You'll win some. Try to deal with people with good feedback.

Don't be afraid of the term "junk coins." That means the dates might not be readable, the coins may be worn and or such common dates that they have no numismatic value. Those are the coins that sell for their silver value only.

[Atlas Sneezed]

Large amounts (>~$10k) get great prices at tulving.com, nwtmint, and such.

Small amounts, buy on ebay or pay a premium to nwtmint. Or get a club of pals to do a group buy (but watch out for privacy and security issues when your friends blab).

Honestly, I think some clever Freeper should retail to fellow freepers for half the markup nwtmint charges on small orders, and have a nice little business.

If you want to have as an investment, not crisis insurance, buy SLV ETF if you have faith in the financial professionals making those promises in exchange for your money.

[rface]

SLV is the ETF stock symbol for silver. GLD = gold. JJC = copper.

I use Scottrade.