Where is the best place to buy silver?
Justintime
Posts: 152 ✭
Ok im a card guy not a coin guy so I need some help. Im looking to spend a couple grand and invest in some silver coins. My question is should I buy old 90%silver coins or buy silver eagles. whats the best place and price to buy them. Thanks
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Comments
My preference is American Silver Eagles from dbscoins.com when I can't find them cheaper on ebay.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I like 90% silver for the numismatic aspect, but ASE are visually more appealing for many.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
As derryB mentioned...major dealer eBay sales are good.....good at triggering a sharp drop in silver prices the next day that is!
"POLL: Re. SILVER...I must know where folks stand and why!!"
Within there is an excellent discussion with treatise on silver eagles
and 90% silver. Be sure to read the linked older thread on why one
member prefers 90%. I don't recall if it addresses the question of where
to buy but if you spend some time on the forum, people who are dialed
in regularly post where there are good deals at the major bullion dealers.
Also, I recommend you take the time to spread your purchase out over
a period of at least several months. One does not want to go "all in" on
ASEs only to discover later they've developed a preference for 90% U.S.
silver...or vice versa. Trust me, I have experience in the wavering dept.
and of all the choices I made the smartest one was to slow down and take
my time. Developing a relationship with a local dealer was the best choice
of all.
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
Great place for 90% silver is on the BST, but use reg. PP to make your purchase.
<< <i>I've had good transactions with JM Bullion and Provident Metals. When buying I obviously look for the best deals but I only buy from well established dealers. I like APMEX but their prices are normally on the high side. >>
I had someone at the coin show tell me that he buys silver only from APMEX.
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<< <i>I've had good transactions with JM Bullion and Provident Metals. When buying I obviously look for the best deals but I only buy from well established dealers. I like APMEX but their prices are normally on the high side. >>
I had someone at the coin show tell me that he buys silver only from APMEX. >>
Did you ask him why he limits himself to only one source?
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
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<< <i>
<< <i>I've had good transactions with JM Bullion and Provident Metals. When buying I obviously look for the best deals but I only buy from well established dealers. I like APMEX but their prices are normally on the high side. >>
I had someone at the coin show tell me that he buys silver only from APMEX. >>
Did you ask him why he limits himself to only one source? >>
Nope. Figured his mind was made up and he had no interest in my stuff.
<< <i>Ok now one more question as a card guy we have a national convention every year that I buy tons of stuff. If I get the coin bug and im sure I will. What is "THE" coin show to go to each year >>
Most would say FUN Florida Unified Numismatics in January each year. The various ANA money shows or Baltimore shows will be close seconds.
<< <i>Ok im a card guy not a coin guy so I need some help. Im looking to spend a couple grand and invest in some silver coins. My question is should I buy old 90%silver coins or buy silver eagles. whats the best place and price to buy them. Thanks >>
If you can buy ASEs in 500/monster box quantities, your best bet would be the APs/authorized purchasers. They are essentially the Mint's distributors. Jack Hunt has a small minimum order of just 100 coins/5 rolls, but to get free shipping you'd need to buy at least 500 coins.
<< <i>compare >>
That is a pretty cool site..... thank you for sharing
Coin Club Benefit auctions ..... View the Lots
And for the OP, I happen to like Baltimore as it is has been the only one geographically feasible for me to attend. I can't make up my mind between 90% or ASE, so I get both whenever the mood and funds strike. I have some bars but won't add to them. Personal preference only, and trying to keep things simple so if I'm not around it's easier for the offspring (and/or spousal unit) to figure out what to do with all my stuff.
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<< <i>compare >>
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The best place to buy silver is where there is silver.
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<< <i>compare >>
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The best place to buy silver is where there is silver. >>
Great answer. Of course the silver has to be reasonably priced. I've gotten good deals on silver bullion at flea markets, local and major coin shows, the local coin shop, the BST Forum here, eBay, internet bullion dealers, etc. I've also seen overpriced silver at these same venues.
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>
<< <i>
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<< <i>compare >>
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The best place to buy silver is where there is silver. >>
Great answer. Of course the silver has to be reasonably priced. I've gotten good deals on silver bullion at flea markets, local and major coin shows, the local coin shop, the BST Forum here, eBay, internet bullion dealers, etc. I've also seen overpriced silver at these same venues. >>
Edited my post and that was all I could come up with on short notice.
<< <i>Ok im a card guy not a coin guy so I need some help. Im looking to spend a couple grand and invest in some silver coins. My question is should I buy old 90%silver coins or buy silver eagles. whats the best place and price to buy them. Thanks >>
There was a fair deal from APMEX on eBay that just ended.