Buying silver coin?

[Cpt Caveman]

Simply looking for the real value with in the silver itself, not interested in the collectability of a certain kind of coin. It could just say "silver .999 pure" on it alone and that would do for me. Proofs or rounds are the way to go right?

 

[jamstutz]

That would be the way to get the most silver for your bucks, but there's something to be said for recognizability of what you've got when it comes time to trade or barter. Circulated silver coins are easily identified, but silver bullion--rounds or bars--may require assay if their value increases to the point that counterfeiting becomes an issue. Today that may sound far-fetched, but at one time counterfeiting of precious metals was quite common. That's not to say the same thing couldn't be done with coins, but it's a lot less common since the buyer would presumably know what the coin is supposed to look like and would require a lot more skill and time to produce than a bar or disk of white metal stamped .999 fine.

It depends what's important to you. If this is not a concern for you, silver rounds or bars have less of a premium and are usually a better buy.

 

[readyfireaim]

Check out http://realcent.forumco.com - Powered by ForumCo.com - The Forum Company. I peruse that site quite a bit and have bought silver off of some of the members. I might be interested in buying silver from you as well. PM me and let's talk. Another pretty interesting site listing daily silver prices and the silver value of pre-1965 coins is Current Melt Value Of Coins - How Much Is Your Coin Worth?.

 

[rambone]

Its a worthwhile investment no matter which denomination. "Watch" auctions for a particular type of coin or bar, figure out what the going rate is on ebay. Then you won't make any unreasonable bids. And so your collection begins. Its addicting.

 

[Bear Poop]

You might try this link too: Gold Coins & Bullion | Double Eagle Gold Coin | Rare Coins | Wholesale Coin Dealer | GainesvilleCoins.com

Prices seem better than most places and shipping is not all that bad at least per my retired Postal Worker family member

 

[musclebeach191]

After having read "Patriots" by James Wesley, Rawles I began stocking up, slowly, on "junk" (pre-1965) silver coin and the occasional Walking Liberty half, Franklin half, and Morgan dollar. I have purchased nearly all off eBay by keeping an eye out and "watching" potentially promising auctions. With the exception of a few of my earlier purchases I have purchased the silver for less than market value (even taking into account 90% silver makeup of the coins). I highly recommend keeping a close eye on eBay auctions.

I like others keep an eye on CoinFlation to view regular updates of coins melting values.

-Jeff.

 

[cb1776]

i do well going to auctions and watch craigslist

 

[Disposable Heart]

I am not a fan of buying gold or silver, particularly right now. In bad economic times (like right now), silver and gold prices go up. Getting into the market now is just like trying to get an AR during the scare. You will overpay and does little good if prices go down (trying to get one's investment back).

BUT! In a SHTF environment, who knows? Gold and silver may be a good "strategic" investment, but a short term (food, ammo, shelter) investment, there are better ones. But if a system of trade and barter is established after a crash, then and only then would silver or gold be good (requires an economic system to function or have worth).

My two cents (only copper! ).

 

[Bear Poop]

Disposable Hear, DON'T look at as an investmet but more as insurance against a total meltdown

 

[rambone]

is it better to buy silver or gold coins?

I'd get both if I had the money. I can only afford silver.

 

[Bear Poop]

Its a worthwhile investment no matter which denomination. "Watch" auctions for a particular type of coin or bar, figure out what the going rate is on ebay. Then you won't make any unreasonable bids. And so your collection begins. Its addicting.

Just got off eBay. 1 gram ingots are freaking to high!!! Current price of silver is about 45 cents a gram. Starting bids are 99 cents a gram. Current markup should place the max at 54 cents a gram and some are asking as much as $4.95 a gram. NUTS!!!!!!!!!!!!!! That's $153.96 and ounce. If your really want to spend that much I have 1 TOZ Eagles I'll sell you for the basement price of $125 and throw in free shipping

 

[indysafe317]

Any update on silver coins, how about just silver punch outs. What's the best place to buy

 

[Archbishop]

[FONT=Verdana, Helvetica][FONT=Verdana, Helvetica]Silver Price (Jun 26, 2009 NYMEX closing price): $14.10
U.S. Silver Coin Melt Value Calculator - Coinflation.com
[/FONT][/FONT]

 

[nova512]

the problem with buying currency coins are they are not pure silver,unless your buying investment coins.that are made for collectors and not cost effective.if your going strictly for the value of the metal you need to go with troy once ingots 99.999 fine . or fine silver casting grain ,its not 99.999 but its very usefull for other asspects .everyone is going to mark stuff up so getting it for market price doesnt happen unless you buy some stupid amount then you still will pay more sso they can get thier profit.im a jeweler

 

[indysafe317]

That's what I've read on other sites as well. Good info, Thanks

 

[Archbishop]

For complete disaster prep. I think having a some silver coins on hand is warranted. While I agree there are better ways to "invest", Having dimes quarters what not will probably be an "every day" trading advantage.
Just my thoughts.

 

[Jed]

Yes, the coin shop in Franklin i was referring to is on Main Street just past the court house. He has a great selection of .999 silver rounds and even some "junk" silver coins for those of you who like them. Once in a while he has small silver bars as well... but for silver bars you can't beat the Coin Exchange in Greenwood {857 North Madison Avenue • Greenwood, IN 46142}
Tel: (317) 885-8066 • Fax: (317) 885-8065
The coin exchange has higher prices but carries an excellent selection up to a 100 ounce bar of silver!!! He also has a very good gold selection {but again his prices are higher than the Franklin shop.}

 

[Keith H]

Surprised nobody has mentioned this Indiana Company
Liberty Dollar

 

[Manan]

Do you think silver will be a currency if everything goes south? Food, water, ammo, etc. will be bartered back and forth. I dunno, I can't eat silver.

 

[Libertarian01]

If you are in NE Indiana I was at A-Z Coins & Stamps in Glenbrook Mall in the last 10 days.

They are selling 1oz Silver bars for $1.50 over spot. This may(?) help save S&H along w/ delays if anyone is interested.

Regards,

Doug