Buy gold now!
- Thread starter hornedfrog2000
- Start date
jeff f
New Member
hey ND, where/how do you recommend buying silver? never bought any before and might just get me some.
hit me with a pm if you think that would be more appropriate. thanks
IMO the best place is a Coin shop or bullion dealer. You might possibly get a better deal from APMEX or KITCO, but you will wait months for your metal to be delivered. At the coin shop you can feel and select each coin/bar/round yourself. personally I like the designs some rounds have over the straight forward bullion, so i buy both. I also buy quite a bit of "Junk" silver which isn't junk at all, its just a name for old American 90% silver coinage that was minted prior to 1965. You will pay a little bit more than spot price because there is a premium for Physical, sometimes as much as 7%. Junk silver seems to have the least premium.
I also go into the thrift stores and check out all the old silverware. I have found about $2000 worth of 92% silverware and probably didn't pay more than $20 total. You can also go into banks and request rolls and rolls of Kennedy Half dollars. I usually find one or 2 silver halves in 10 rolls of them. I go to the bank and I always ask them if they have any old silver dollars. One time the bank had 15 silver dollars which i purchased for $15 in paper currency. About $450 worth of silver for $15. Another time I went garage saleing and found a guy selling his families old worn and heavily tarnished silver medallions. he had 20 of them and wanted $5 each. I had no problem giving him a Benjamin for what is $600 worth of silver.
I also go into the thrift stores and check out all the old silverware. I have found about $2000 worth of 92% silverware and probably didn't pay more than $20 total. You can also go into banks and request rolls and rolls of Kennedy Half dollars. I usually find one or 2 silver halves in 10 rolls of them. I go to the bank and I always ask them if they have any old silver dollars. One time the bank had 15 silver dollars which i purchased for $15 in paper currency. About $450 worth of silver for $15. Another time I went garage saleing and found a guy selling his families old worn and heavily tarnished silver medallions. he had 20 of them and wanted $5 each. I had no problem giving him a Benjamin for what is $600 worth of silver.
MuyLocoNC
Well-Known Member
When you're buying silver half dollars at your local coin shop, take a few minutes and have them weigh the coins. They can lose a remarkable amount of their weight over the years. It may feel weird paying a $100 for a small handful of half dollars and a couple of dimes, but it's a great way to get started.
It has been between $250 and $450 for about 20 years total out of the last 40. Its been above $450 for the past 6 years, where have you been? 6 years is not a "Sudden" thing.
jeff f
New Member
well i took your advice and bought 2 troy ounces. one in the shape of a bar and one round coin.
yea yea yea i know, its only 2 ounces, but its a start
anyway, i plan on trying to dollar cost avg and buy some every week. just get ready, cuz since i am in the market, prices are guarenteed to plummet.
The path to greatness begins with one step.well i took your advice and bought 2 troy ounces. one in the shape of a bar and one round coin.
yea yea yea i know, its only 2 ounces, but its a start
anyway, i plan on trying to dollar cost avg and buy some every week. just get ready, cuz since i am in the market, prices are guarenteed to plummet.
beardo
Well-Known Member
I would compair ir to Gas prices, which go up and down and have cycles but allways end up going up more than coming down over the long term