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To: zek157

People buy and sell silver dimes by the pound, not per coin...or so I’m told.


38 posted on 03/23/2009 5:36:39 PM PDT by mamelukesabre
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To: mamelukesabre

The average bag of 90 percent junk silver contains 715 ounces of pure silver (after accounting for wear). $1000 face value dimes and quarters are currently trading around $11980, which means you are paying $16.75 per ounce of silver. Silver is currently selling on the spot market for $13.74, which means you are paying a $3 per ounce premium or about %22 which is quite high. My belief is you buy silver at the cheapest premium you can. You can buy 1 ounce rounds from an outfit called First Majestic Silver, direct from the producer, online, at $1 per ounce premium, one of the lowest premiums around. They limit your purchase to 200-300 ounces per purchase, but they are honest and ship pretty quickly, depending on demand. They are publicly traded on the Frankfurt exchange TSX: FR and operate out of Canada. I have ordered from them a lot and they have fulfilled orders flawlessly. A first rate operation.


41 posted on 03/23/2009 5:56:43 PM PDT by appeal2 (Brilliance is the act of an individual, but great stupidity is reserved for the Government)
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To: mamelukesabre

All silver coins are struck in 1964 or earlier with 90% purity. Each bag contains either all dimes, quarters, or half dollars. No mixed bags. For all dollar bags, call for price and availability. Full bags with $1000 face may be shipped as 2 sealed half bags.

Don’t buy dimes.


50 posted on 03/24/2009 9:12:06 AM PDT by zek157
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