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Silver bars

fleaseyelashfleaseyelash Posts: 7 ✭
in Precious Metals

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

Comments

  • derrybderryb Posts: 38,314 ✭✭✭✭✭

    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.

    Gold does not need to replace currencies to reshape financial power. It only needs to replace collateral.

  • jmski52jmski52 Posts: 23,739 ✭✭✭✭✭

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

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • fleaseyelashfleaseyelash Posts: 7 ✭

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

  • coastaljerseyguycoastaljerseyguy Posts: 1,924 ✭✭✭✭✭

    @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.

  • derrybderryb Posts: 38,314 ✭✭✭✭✭

    @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.

    Gold does not need to replace currencies to reshape financial power. It only needs to replace collateral.

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