where can I find cheap silver bars?

carterhaines · June 24, 2003 5:37AM

Does anyone know of a website that sells cheap silver bars? I am looking for a site which will sell 1, 5, and/or 10 troy oz silver bars. My problem is that I am only interested in small purchases (between $40 and $125), and shipping also becomes a problem. Does anyone know where I can make these small silver bar purchases the cheapest after shipping.

PS: Silver rounds and other bars are also okay as long as they are over 1 oz, and not more than 10 oz.

Louis · June 24, 2003 5:42AM

www.tulving.com is a good source for bullion but they do have minimums. Possibly you have friends that would go in with you to make the minimum. If I remember correctly shipping is included in thier price.

carterhaines · June 24, 2003 5:56AM

yeah, ive seen tulving before, but with minimums of about $2500 when buying silver bullion, my budget forces me to ignore their site.

topstuf · June 24, 2003 8:27AM

The quantity is the problem. Get them at your local shop for that many. Coin dealers need to eat, too.

FoundingFather · June 24, 2003 9:05AM

Carterhaines, the best prices I've found (from a place I have reason to trust) for silver near that price range are:

* MintProducts.com -- the cheapest I've seen for a mint roll of new Silver 1 oz. Eagles ($135 last I checked, s/h/i included). Not bars, I know, but high quality beautiful bullion.
* Northwest Territorial Mint (http://www.nwtmintbullion.com/SilverBullion.htm). 50 oz. minimum, so that's above your price range, but it might be worth saving up for. Their bars are well-known, mint and sealed in plastic unlike many others, they are reputable with Government contracts and such, and their price includes shipping (spot + 70 cents per oz).
* Try BullionDirect.com -- I can't confirm their shipping, but after playing with their Shipping Tools it seems reasonable.
* Ebay -- at your price range, you might want to go with a reputable seller. Ebay has some of the best deals going in your price range. You look to be buying between 10 and 20 oz. -- the 1 oz buys are too expensive due to shipping, but you should be able to pick up a 10-20 oz. lot for close to the BullionDirect.com price, delivered.

Let's be BullionBuds! Send me a PM if you ever find a good place worth checking out.

topstuf · June 24, 2003 10:04AM

The MOST a local dealer would make on a $40 purchase of silver is about 7 bucks.

Come ON! He may even give you a shot at a collector coin you need.

I was a dealer. They just can't AFFORD to do small lots on the cheap. The LIFEBLOOD of a dealer is having the ability to replace what he sells. If he doesn't, he will soon be out of stock and the metal may have moved against his position and now he would have to buy back at less than he sold for.

Bullion dealing is not a cut and dried simple matter. I finally limited my good price on gold to 10 oz or more as that was the MINIMUM I could order and not have to add shipping. I sold quantity silver at +40c and gold at $3 over cost. Whoooowieee!

Less than 10 oz of gold or less than 200 oz of silver and it really is a headache.

And if you have 7 oz of silver, the turnaround cost is prohibitive. It is cheaper to save YOUR money and make your buys when you can afford to.

Silver ....AIN'T going to be $50 this year.

FoundingFather · June 24, 2003 12:11PM

Topstuff, if you're ever in the mood, I'd love to hear your experienced view on the gold and silver markets of today.

airplanenut · June 24, 2003 12:23PM

PM ToneKiller on the boards- Texas Bullion Traders.

They have lots of bars for sale and I'm sure will help you out. Bryan is an exceptionally nice guy.

Jeremy

topstuf · June 25, 2003 4:42AM

Founding Father,

My ....experienced....view is that I have lost $2500 in a single day with my time tested infallible market predictions on metals. heh heh

My....gut .....feeling is that gold is dirt cheap in view of the enormous amount of money being pumped into the system and accelerated even more today with Greenspan's new 1/4 point cut.

The unknown factor is whether we head for inflation as we have in the past from lowering rates too far or if we kill the dollar's value, which is my opinion of what will happen.

I hold gold for insurance against the dollar's fall. And fall it is doing and it should fall further.

But it is all speculation.

I would not own silver under any circumstance. Personally, I believe I am too old to wait for it and it is a very THIN market and EASY to crush. Stories of shortages abound and I don't believe any of them. Silver SHOULD always have a medicinal and industrial use, but the photography is getting killed. I have 1000 oz just for beans and a reason to have something heavy and silly. In the shop, we bought silver by bucketfuls and more is always available. Paradoxically, a depression could help silver in a small way as since it is now only a byproduct of usable minerals, the supply could dry up if the world economy hit the skids. But then too, it would not be in much demand.

If you have silver and try to sell it to certain Asians, they will laugh at you.

Hard money is gold. Always has been.

"Poor man's gold" is a VERY apt name for silver.

FoundingFather · June 25, 2003 4:45AM

Thanks, topstuf. I appreciate that view. Out of curiosity, why don't you believe the supply and storage records indicating there is a shortage -- mostly due to how it is not worth miners to mine the stuff at this price level per oz.? I am asking because if there is a set of date you rely on, that you feel is more accurate, I would love to get in on that. More information is always needed for something like this. At least for me, at this stage. Thanks in advance.

topstuf · June 25, 2003 4:54AM

What they say is correct ..... IF .....one needed any silver to sell it. But, all you need is a margin deposit.

Mr. Foundingfather could sell 20,000 oz of silver tomorrow whether he had it or not.

The same applies to gold, but gold is a far more liquid market. (more traders)

Here is a link to the commitment of traders in silver......most are holding short positions.

link to COT report

The price is determined by how much guts (and money) you have to continue "selling" it whether or not there is any to sell.

BOTH metals would go to the moon if it were required that you had to have some to sell it.

the interesting part is that the sellers are the c ommercial silver traders. The plain ol speculators are net long. It's a battle.

I still like gold better.

tizofthe · April 29, 2006 4:42AM

Carterhaines. Give me a PM and I will help you out. I have approx 150 so I can stand to get rid of a few dupes that I have. They are 1oz art silver .999 bars.

PerryHall · April 29, 2006 5:10AM

If you are looking for cheap silver, try some of the e-bay sellers from China.

KoinDawg · April 29, 2006 6:21AM

You can try www.APMEX.com. They sell bullion.

Note: APMEX has all kinds of Name Brand silver bars, rounds. You can also buy silver circulated coins by the roll or bag just slightly above spot. You should really check them out.

Longshot · April 29, 2006 7:11AM

<< 
I would not own silver under any circumstance. Personally, I believe I am too old to wait for it ... I have 1000 oz just for beans and a reason to have something heavy and silly. >>

So let me get this straight...
You are holding over 60 pounds of silver you do not want to own and you think the price is going to stagnate?

Sounds a little contradictory.

HonoluluDude · April 29, 2006 12:02PM

<< 

<< 
I would not own silver under any circumstance. Personally, I believe I am too old to wait for it ... I have 1000 oz just for beans and a reason to have something heavy and silly. >>

So let me get this straight...
You are holding over 60 pounds of silver you do not want to own and you think the price is going to stagnate?

Sounds a little contradictory. >>

It's a "just in case I'm wrong" stash.

nankraut · April 29, 2006 12:16PM

"where can I find cheap silver bars?"

Now there's an oxymoron!

Compa · April 29, 2006 2:29PM

A resurrected 3 year old thread ... shouldn't they lock these old threads from new posts?

pharmer · April 29, 2006 2:34PM

<< A resurrected 3 year old thread ... shouldn't they lock these old threads from new posts? >>

Some threads are timeless. Plus everything said here is destined for the Breen Wing of the Museum of Internet Coin Forums. It must be saved for posterior.

Anyway. Cheap silver bars?

Checked out any low-rent werewolf prisons?

cullenbryant · April 29, 2006 2:41PM

I was beginning to wonder when FoundingFather quoted a roll of eagles for 140 dollars what was up.

morgannut2 · April 29, 2006 2:48PM

Since this guy bought silver futures instead of raw silver in 2003 and rolled over his purhases, I think he should send us all a nice 1794 Chain Cent with part of his profits.

Mercury · April 29, 2006 3:36PM

Do you think tizofthe might have some silver he/she is looking to unload? Just a thought.

Mercury

PerryHall · April 29, 2006 8:01PM

<< Since this guy bought silver futures instead of raw silver in 2003 and rolled over his purhases, I think he should send us all a nice 1794 Chain Cent with part of his profits. >>

I'd love to just see a 1794 chain cent.

Steve27 · April 29, 2006 8:09PM

From Carterhaines profile: Last Visited On: July 31st, 2003 10:24 PM

Let's see if tizofthe can raise the dead.

tizofthe · May 3, 2006 3:58AM

I thought I would just pass on something that someone else would be interested in. I am not hoard but I love the hobby and if this is what it takes to let someone else have enjoyment out of it then I am up to selling a few bars. At the going rate of course. Yes and I am legit. Just check me out on ebay at corptkm. I dont sell coins (have in the past) but I like to buy them!

where can I find cheap silver bars?

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