Looking for a bit of advice ... I’ve convinced my 6 year old daughter to not spend her savings on cheap, Chinese plastic things. She wants to buy silver. The wife and I support the idea. I think it’s a great way to teach her investing at a young age and it’s something tangible she can hold for her money.
I wanted to buy online by the fees and shipping are nuts for such a small order. What would be the best way to proceed? We live in a smaller area, I was thinking a coin collector shop or something like that would be the most economical. Pawn shop? Any advice?
Ebay!!! That’s where I buy my silver. I buy the older silver American coins minted before 1965.
Buy us coins on Ebay the shipping charges are clearly stated and once in a blue moon you can actually find some below spot.
Ask around for recommendations. When dealing with them be polite, honest and ask questions; if they don't respond well then you're probably at the wrong place. Keep in mind their lives are crazy now too with all this activity.
I don't have any experience in dealing with pawn shops and silver, but I can't imagine it's better than working with a coin dealer.
Good luck!