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$1000 Silver Bags
jpkinla
Posts: 822 ✭✭✭
Who likes silver bags? I understand they weigh about 50lbs and have about 715 ounces of silver. Discuss the pros and cons as a way to own physical silver!
Bulky? Obviously!
But seems to be the way to own silver without paying huge premiums for rounds, bars or silver dollars.
Bulky? Obviously!
But seems to be the way to own silver without paying huge premiums for rounds, bars or silver dollars.
0
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Are you going to pretend you're LaVere Redfield and start buying 100s of bags of silver and throwing them down your coal chute into the basement?
<< <i>jpkinla,
Are you going to pretend you're LaVere Redfield and start buying 100s of bags of silver and throwing them down your coal chute into the basement?
That's a peachy idea!
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
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Maybe you can hold them for me?
$20 Saint Gaudens Registry Set
<< <i>I live on the West Coast......NO BASEMENT!
Maybe you can hold them for me?
Sorry man......my whole basement is already loaded with mint bags of better date Saints I've been importing from Swiss banks.
#1 Lowest in and out premium of all popular recognized silver products.
#2 Refined by the best refiner in the world.,no authenticity problems.
#3 They have a US Legal tender status, so therefor exempt to many state sales tax.
#4 Easier to store anywahere as ypu can pour them into bottles or Odd shaped areas, try and do that with bars!
#5 When your bored you could search thru them for dates someone may have missed
#6 If a Silver Meteorite landed on earth and Silver became worthless you could still spend your silver coins for face
#7 Your buying American
#8 You could sell just One silver dime or the whole deal, try sawing your bars or coins in half.
#9 They cannot be drilled and filled with lead as easy as bars (surprisingly not uncommon) and not worth tampering with or faking like silver rounds or bars.
Thats Just to name a few. By far the best bet for ANY silver investor on all levels and Its what I recomend and put my customers into.
Much Regards to all
Brian Kuszmar
Second Generation Coin, Currency and Precious Metals Dealer
Full time Since 1977
219 Commercial Blvd
LBTS, Fla. 33308
Questions? Call me anytime.
954-493-8811
Second Generation Coin, Currency and Precious Metals Dealer
Coin, Currency or Bullion Questions?
Call anytime 954-493-8811
Good taste in Icons <grin>
Second Generation Coin, Currency and Precious Metals Dealer
Coin, Currency or Bullion Questions?
Call anytime 954-493-8811
A few years ago, I went through a Franklin bag with my daughter and we pulled out about 250 S-mints. At the time, Littleton was paying about a buck-and-a-half premium on them ( I paid ~3X face). Profit, $375. Time spent with my daughter, priceless.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i>I get the feeling that right now, silver is about as cheap as it will ever be. I like 90% bags for all of the reasons posted by Brian, especially the divisablity. If you buy well (Walkers versus Franklins and Kennedies, Mercury dimes versus Roosies), you can also pick up a little premium on selling.
A few years ago, I went through a Franklin bag with my daughter and we pulled out about 250 S-mints. At the time, Littleton was paying about a buck-and-a-half premium on them ( I paid ~3X face). Profit, $375. Time spent with my daughter, priceless. >>
Keep up the good work
<< <i>What if the bag has all heavily worn coins-how does that affect the silver value? >>
A full bag of BU coins with no wear should contain 720 oz .999 Silver //
A circulated Bag is Figured at 715 oz .999 silver
Typicaly it is figured a circ bag should contain between 715-720 ozs .999 silver, Most all bag prices use the 715 figure, but another advantage of having a Bag is that you might get an extra 5 ozs you didnt pay for..heh
Also, Bags ARE the best and cheapest weigh to buy silver, Silver Eagles, MAples being the worst premium followed by recognized brand .999 Bars
Many times you can buy 90% silver bags near or less than melt!
If your dealer is putting you into eagles,maples,.999 bars than he is not doing you any favors.
Regards to all
Brian Kuszmar
Second Generation Coin Dealer
219 Commercial Blvd
Lbts. Fla. 33308
Questions about Coins ,Currency, Bullions
Call me anythime!
954-493-8811
Second Generation Coin, Currency and Precious Metals Dealer
Coin, Currency or Bullion Questions?
Call anytime 954-493-8811
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>When you buy $1000 silver bags, do you run them through a counting machine? Do you check for clads mixed in? >>
Typicaly we always run them trhough a counting machine and spot check for clads which 1 or 2 will pop up occaisionaly.
Regards
Second Generation Coin, Currency and Precious Metals Dealer
Coin, Currency or Bullion Questions?
Call anytime 954-493-8811
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