Silver bars

fleaseyelash

Do you get a better price for silver bars than 90% coins when selling to a coin shop. How close to spot if so.

derryb

My go to online dealer is buying $100 face .90 coins for $3858 and 10 oz. .999 generic bars for $597. Do the math and let us know the results.

jmski52

Are you talking generic bars or name brand, what size bars and what quantity? Those factors matter.

fleaseyelash

Both types of bars.generic and name brand. Mostly 1-5 ounce bars.I want to hold on to 100 0unce .

coastaljerseyguy

@derryb said:
My go to online dealer is buying $100 face .90 coins for $3858 and 10 oz. .999 generic bars for $597. Do the math and let us know the results.

Just to compare apples to apples, since 90%, excluding dollars, is .715 troy ozs, at $59.7, its worth $42.68. So you are getting a 10% haircut on the 90%, not a 35% cut.

derryb

@coastaljerseyguy said:

Just to compare apples to apples, since 90%, excluding dollars, is .715 troy ozs, at $59.7, its worth $42.68. So you are getting a 10% haircut on the 90%, not a 35% cut.

I don't take haircuts, I'm the barber.

MsMorrisine

@fleaseyelash said:
Both types of bars.generic and name brand. Mostly 1-5 ounce bars.I want to hold on to 100 0unce .

don't get 100 oz. they don't resell for as much as 10 10oz.

feel free to fact check as my info is 5 years old or more

as silver moves up, if you're not gettting 1 oz silver eagle then get 1oz generic buffalo/indian rounds that are very popular

getting 1oz will be easier to move at $100 oz than a 5oz for $500 in one transaction