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Silver bars

fleaseyelashfleaseyelash Posts: 14 ✭
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.

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    derrybderryb Posts: 38,651 ✭✭✭✭✭

    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.

    Governments can print currency. Only the people can print faith in it — and they’re running low on ink.

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    jmski52jmski52 Posts: 24,029 ✭✭✭✭✭

    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.
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    fleaseyelashfleaseyelash Posts: 14 ✭

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

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    coastaljerseyguycoastaljerseyguy Posts: 2,164 ✭✭✭✭✭

    @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.

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    derrybderryb Posts: 38,651 ✭✭✭✭✭

    @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.

    Governments can print currency. Only the people can print faith in it — and they’re running low on ink.

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