Is Silver next?

[nonobaddog]

I do not have any metals but am interested. Where does one go to get the best deals? I see silver going at 21+ but the major sellers online sell them for 26+; is that good?

Another option is to go to some coin shows and try to meet a private coin collector/metal dealer type person. I have a friend like this and he deals closer to spot than any store or commercial dealer ever would.
You would have to get a little lucky to find a guy like that but they do exist.

Indiana Coin Shows 2023 - IN Coin Shows

Current list of coin shows in Indiana including dates, times and locations for 2023.

www.coinshows-usa.com

 

[ancjr]

People from all over the world are putting capital in the dollar right now cause of all the uncertainty going on with geopolitics. Making the dollar stronger

The interest rate is catching up to people's ability to pay for their debt, with more rate hikes on the way. Selling to pay the bills.

 

[Ziggidy]

Thanks for the info. Are than any online sellers on e should be weary with? The best prices are wire/echeck and I’m weary of echecks.

 

[ancjr]

Thanks for the info. Are than any online sellers on e should be weary with? The best prices are wire/echeck and I’m weary of echecks.

I don't like them either.

I've not had any issues with Silvergoldbull, SD Bullion or Monument. Those are all the ones I remember dealing with. SGB did take a very long time to ship (about a month) both times I ordered.

 

[rdbs505]

Thanks for the info. Are than any online sellers on e should be weary with? The best prices are wire/echeck and I’m weary of echecks.

Another vote for monument. Libertycoin, herobullion also without issue

 

[nonobaddog]

Thanks for the info. Are than any online sellers on e should be weary with? The best prices are wire/echeck and I’m weary of echecks.

If a seller only takes wire and/or crypto I just move on. I have seen ammo sites like that too but I wouldn't buy from them.

 

[DoggyDaddy]

If a seller only takes wire and/or crypto I just move on. I have seen ammo sites like that too but I wouldn't buy from them.

I use e-checks with Monument and love it. Very convenient and gets me the cash discount without having to mail a check and the additional time that that takes.

 

[nonobaddog]

I use e-checks with Monument and love it. Very convenient and gets me the cash discount without having to mail a check and the additional time that that takes.

Yes, echecks are very convenient, I use them every month to pay some bills. But I didn't mention echecks. My comment was about sites that only take wire and/or crypto - they seem to be pretty shady sites.

 

[snorko]

Received my order of Germania 10oz bars. They come shrink wrapped in very thin film with a holo sticker inside the wrap and the bar in a box. Very nice packaging. Interestingly these and the Italpreziosi 10oz bars are smaller in length and width but are much thicker. I kinda like that. They obviously take up the same volume but stack in storage better.

 

[DoggyDaddy]

Yes, echecks are very convenient, I use them every month to pay some bills. But I didn't mention echecks. My comment was about sites that only take wire and/or crypto - they seem to be pretty shady sites.

Right, but you were replying to Ziggidy who mentioned wire/echeck, so I just piggybacked onto your reply.

 

[spencer rifle]

Report on Libertycoin:
Shipment arrived two days ahead of time, well packaged, return address was simply "Liberty Co" and street address.

Really like Liberty at present. Have done successful business with LCS, Provident (and JM, which are the same), SD and Monument. Best strategy is to shop around- the location of the lowest price changes daily.

 

[Leo]

I have never mail ordered precious metals, (unless you are talking Sierra MatchKIng bullets) If I understand, you are paying Spot price, plus premium plus shipping. Doesn't that further complicate your break even point?

Also; On a basic order, say 100 silver Maple leafs, isn't shipping that a big risk? How would you recover a loss?

 

[Leo]

Just out of curiosity, have any of you purchased metals while traveling abroad? I'd be specifically interested if you got a better deal in Mexico on silver bullion or not.

I've never considered it before, but have some traveling ahead of me in the near future.

I am no expert, but my local friend does not even like Mexico Constitutional Silver. He feels that the purity is way too variable, and is seldom as good as it is supposed to be.

 

[nonobaddog]

I am no expert, but my local friend does not even like Mexico Constitutional Silver. He feels that the purity is way too variable, and is seldom as good as it is supposed to be.

Right. Try making lists of things you trust in Mexico and things you don't trust in Mexico. Then compare lists.

 

[Milo]

I have never mail ordered precious metals, (unless you are talking Sierra MatchKIng bullets) If I understand, you are paying Spot price, plus premium plus shipping. Doesn't that further complicate your break even point?

Also; On a basic order, say 100 silver Maple leafs, isn't shipping that a big risk? How would you recover a loss?

Most if not all online dealers offer free shipping after a certain purchase amount. Usually $199.
The also ship the items insured.

 

[spencer rifle]

Most if not all online dealers offer free shipping after a certain purchase amount. Usually $199.
The also ship the items insured.

This.
But be aware that most places now charge Indiana tax on anything less pure than .999 or so. Any world coins, etc. that are .900 or crown gold will be taxed, which cuts into your margin. US coins, both gold and silver, including commemoratives, are not taxed.

 

[ancjr]

Bottom or bounce? Stay tuned to find out!

 

[Milo]

I use findbullionprices.com

For example you can choose to look up what a 1oz bar is going for:

Compare 1 oz Generic Silver Bar or Secondary Market dealer prices

Buy 1 oz Generic Silver Bar or Secondary Market lowest silver price available from trusted and reputable online precious metals dealers

findbullionprices.com

Looks like around $24.38 right now.

The best deals I've found are from local auctions. The catch is that you have to watch out for auction fees. Even so, I've gotten some very good deals.

findbullionprices is a great website. Thanks for the tip

 

[ancjr]

Sale is over for now, folks...

 

[snorko]

Sale is over for now, folks...

Wheeeee!