Can you buy bullion ingots at coin shows

jessewvu

Does anyone sell bullion ingots at coin shows, say the Baltimore show coming up this march? If so, do they sell for spot or close to it?

GoldenEyeNumismatics

I would imagine so.

Prices are usually a hair over spot, unless you know a few guys.

DaveG

If I recall correctly, there are at least one or two bullion-type dealers at Baltimore, but I'm not sure if they sell ingots or just coins.

I have certainly seen ingots at other coin shows, especially silver (10 oz. and 100 oz. bars) and occasionally gold (usually 1 oz.).

And, yes, they sell for spot plus a small premium.

Your best bet might be to contact dealers who are regulars at Baltimore (such as board member Julian) and ask for recommendations.

CaptHenway

<< <i>Does anyone sell bullion ingots at coin shows, say the Baltimore show coming up this march? If so, do they sell for spot or close to it? >>



If you wish to buy gold at spot, purchase a 100 ounce contract through a commodities broker (who gets a commission) and take delivery.
If you wish to buy bars smaller than 100 ounces, expect to pay private mint fabrication fees and a dealer commission. The dealer cannot tie up $900+ in capital and pay himself or his employees for their labor just to break even.

fc

i just call the local dealers once a week when i am in search of silver
or gold.

i also ask them how much they will buy them for at the same time
to get the feel for them.

for example a 10OZ silver bar 3 blocks away from me at a coin store
will cost 16.80 x 10 at the moment assuming silver is around that price.
this same dealer would probably buy them for 16.10-16.20 x 10 OZ.

the thing is they sell them so fast.. as soon as they get them.. you
need to call once a week and get lucky.

they always have gold rounds... rarely gold bars.

garsmith

Heritage quite often has a few listed and there has got to be others. At the last LBC&SS there where a few people selling bullion in rounds, bars and ingots

tightbudget

Yes

PerryHall

If you want gold bullion, forget ingots and buy AGE's and buffalos.

vplite

<< <i>If you want gold bullion, forget ingots and buy AGE's and buffalos. >>



That's the ticket!

And don't forget milk spotted ASE and 90% for silver. Well under spot. There should be good pickings for the bullion types at the coming shows.

They won't want to get stuck in what looks like a weakening market, and have picked up inventory off the street.

Coxe

Careful with the big bars. After the drill and fill stories, I am not sure I'd trust that one wasn't a raped and plugged one. Not sure why one would want that anyway with some numismatic equivalents selling close enough to melt and being reasonably liquid.

jmj3esq

I have not been to many shows, but the few I have attended had plenty of bullion bars and ingots for sale.

PerryHall

<< <i>Careful with the big bars. After the drill and fill stories, I am not sure I'd trust that one wasn't a raped and plugged one. Not sure why one would want that anyway with some numismatic equivalents selling close enough to melt and being reasonably liquid. >>



Agree. Also, if you need to raise some cash, it's easier to sell one or two AGE's than it is to carve off and sell a piece of a large ingot.

Fountainhead

You may not always be able to find 100oz+ silver bars at shows. Too much trouble. Though at one show I do remember a dealer who displayed a much-tarnished 1000oz silver bar at his table. That was foolish. Who would want to buy such a thing?

If you're looking for palladium bullion at shows it may be difficult to find as well.