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What are your thoughts on collecting gold shot and silver shot

What are your thoughts on collecting gold shot and silver shot

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  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Waist of time

    @Meteorman85 ... Welcome aboard. A lot of work reclaiming very little PM. Cheers, RickO

  • taxmadtaxmad Posts: 960 ✭✭✭✭
    Waist of time

    Unless you want to make jewelry as a side hustle, buy name brand stamped bullion from a reputable source.

    When it comes to liquidate the shot you would be offered well back of spot - and some stores may pass. Are they going to test each bb?

  • PerryHallPerryHall Posts: 45,202 ✭✭✭✭✭
    edited February 14, 2022 2:31PM
    Waist of time

    Gold shot and silver shot is normally bought because it's easy to melt for the manufacture of jewelry. Stick with name brand bars and coins for investment purposes.

    Worry is the interest you pay on a debt you may not owe.

  • OPAOPA Posts: 17,103 ✭✭✭✭✭
    Waist of time

    I suppose it's good for homegrown experiments in making silver rounds or bars, but not for stacking.. ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Jzyskowski1Jzyskowski1 Posts: 6,651 ✭✭✭✭✭
    Waist of time

    These are cute 😉. At $20 for 1/4 oz. that’s US Mint prices. 😸

    🎶 shout shout, let it all out 🎶

  • derrybderryb Posts: 36,022 ✭✭✭✭✭
    Waist of time

    poor investment, lacks proof of purity in most cases

    The decline from democracy to tyranny is both a natural and inevitable one.

  • element159element159 Posts: 493 ✭✭✭
    Great idea

    Collect, yes. I have some Ag and Au shot, as part of a display of the chemical element, and I like em. But for stacking/investing/saving, no.

  • tincuptincup Posts: 4,722 ✭✭✭✭✭

    IMO buying silver shot is foolish... unless you plan to use it for casting, jewelry, etc.

    While it may be a cheap way to buy silver... wait until you have the fun of trying to sell it. The purity will always be in question, and some may even question whether it is actually silver. Likely will have to sell to a smelter.

    ----- kj
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