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buy silver for close to cost

coinspeculatorcoinspeculator Posts: 209
in U.S. Coin Forum
look at link does this look like a good deal
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this seller has many proof coins for close to silver spot with a small shipping fee.

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this guy ownes yahoo with 60 pages of auctions.

Comments

  • granddadgranddad Posts: 966 ✭
    For 40% silver coins, I would pass.

    Have a Great Day!
    Louis
  • coinspeculatorcoinspeculator Posts: 209
    what would you pay for this?

    close to dealer prices?
  • DNADaveDNADave Posts: 7,309 ✭✭✭✭✭
    I can buy all the silver rounds I want for excatly spot at a local pawn store. Trouble is, I'd rather be buying coins, not bullion.
  • DeadhorseDeadhorse Posts: 3,720 ✭
    Not such a great deal.

    40% coins have a greater reduction back of spot when you sell them. Some dealers don't even want to mess with them, same with the war nickels.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff

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