Looking to Snap Up Some Silver This Weekend: Questions

ChuckC

I'm heading to the Ohio coin show tomorrow, and I am consindering buying a few ounces of silver given today's precious metals boom. First, is this the right time to buy? Second, what price should I expect assuming I buy silver in the form of common SAEs.

ricko

Silver is at it's high point right now... should have bought a year ago.... that being said.. no one knows where it will peak.. so, do what feels right... buying as it is going up obviously reduces profit margin. Cheers, RickO

ChuckC

<< <i>Silver is at it's high point right now... should have bought a year ago.... that being said.. no one knows where it will peak.. so, do what feels right... buying as it is going up obviously reduces profit margin. Cheers, RickO >>



I only wonder if this is the beginning of the incline.

OPA

<< <i>I'm heading to the Ohio coin show tomorrow, and I am consindering buying a few ounces of silver given today's precious metals boom. First, is this the right time to buy? Second, what price should I expect assuming I buy silver in the form of common SAEs. >>



ASE's...with silver spot at around $14.50...expect to pay about..$15.75 - $16.00....

ScarsdaleCoin

Silver spot is over $15.50 you should be looking at $17.50 per coin

with that said.... if your looking for silver just buy 10 oz silver bars which you should find around $160 each

good luck

ricko

ChuckC - very good point... you could be right... wish I knew. Cheers, RickO

lkrarecoins

i just bought about $150 dollars face of 90% silver....If Silver goes to $20 an oz, I am a genius.

If Silver goes back down to $11 bucks, I am the village idiot!!!!

Good luck

TwoSides2aCoin

I'd suggest forgetting silver by the ounce and see if you can't pick up a nice bust half or two. The extra money spent will be worth it if you can pick a cherry up.

Bochiman

<< <i>

<< <i>I'm heading to the Ohio coin show tomorrow, and I am consindering buying a few ounces of silver given today's precious metals boom. First, is this the right time to buy? Second, what price should I expect assuming I buy silver in the form of common SAEs. >>



ASE's...with silver spot at around $14.50...expect to pay about..$15.75 - $16.00.... >>



Around here, at most of the dealers that set up, expect to pay ~$18-$20 per SAE (hey, they have to make a living too, right? ).

HonoluluDude

The longer it stays above $15, the more likely it is to shoot through $20. I would think a stock market collapse would bring silver back down, albeit temporarily.

Deadhorse

Keep in mind the current year SAE will have a small premium over older years. Even if both are clearly fresh out of mint tubes. So if you want SAEs, then you might consider those a few years older just for bit of cost savings.

I'd agree that if it were me, I'd just buy a 10 ounce name brand bar for around $160. You could probably do a bit better at a show, although we are only talking a buck or two on a 10 ouncer.

ChuckC

Yeah, I'm starting to like the 10oz bar idea.

tbarreca

I agree with those who would have you buy decent coins rather than bullion.
I believe that if silver continues its rise, the numismatic premium will grow even
more quickly. After all, buying silver coins remains the most common way of investing
in silver.

sumrtym

Just curious, but why are all the recommendations for SAE's or bars? Is there a reason you're choosing that over 90% junk silver, other than the purity?

HonoluluDude

<< <i>Just curious, but why are all the recommendations for SAE's or bars? Is there a reason you're choosing that over 90% junk silver, other than the purity? >>

Just FYI, not that I buy into it-- some believe that as silver gets more costly the gov't will eventually stop minting the Eagles, adding a numismatic premium to the bullion.

StampAlarm

<< <i>Just curious, but why are all the recommendations for SAE's or bars? Is there a reason you're choosing that over 90% junk silver, other than the purity? >>





Because, a lot of the 90% junk silver is worn. When time to sell, the going price of 'times' face value
may not hold true. The silver coinage may get weighed and you'll get docked. The only 90% silver
I'm buying is 64/64-D halves.



Jerry

yellowjacket

Buy high, sell low.

Garrow

StampAlarm

<< <i>Buy high, sell low.

Garrow >>





When you hear or see people say....pm's are for long term, then what you just said
happens a lot.

sumrtym

<< <i>

<< <i>Just curious, but why are all the recommendations for SAE's or bars? Is there a reason you're choosing that over 90% junk silver, other than the purity? >>





Because, a lot of the 90% junk silver is worn. When time to sell, the going price of 'times' face value
may not hold true. The silver coinage may get weighed and you'll get docked. The only 90% silver
I'm buying is 64/64-D halves.
Jerry >>



Weigh it in person. Works for me.

ChuckC

I ended up sticking to collecting and bought some nice lincoln singles for my album as well as a lovely ice blue and lavendar toned 1938-D PCGS 66 Buffalo nickel for my type set. FYI - I saw dealers selling ASEs for between $16 and $18 per. Same guy with the $16/ea eagles was selling raw 20th anniversary sets for $370.