Official ODT Silver Thread

[BigMike]

I sold some foreign coins that were either 92.3% silver, sterling silver, or some other circulated coins never intended for collectors that were either 50% or 80% silver. I took these coins to four different dealers and called another three or four and spoke to them over the phone without making the drive.

One dealer paid a little bit less than that day spot price for them,

while another dealer paid just a little more than spot because I also threw in various proof sets of foreign
{theoretically collectible} coins that included many non-silver coins.

I still think that .999 pure silver bullion in the form of 1 or 2 ounce coins
and 1 to 10 ounce bars is your best bet.

Unless you just enjoy the research behind coins, or you like to play the market with complex calculations of multiple variables,

and you see that as a hobby to derive pleasure from above and beyond how it may increase your wealth.

Bars and rounds, it's always been bars and rounds, 1 to 5 oz with spot over 30. A 10oz bar is out of most people's price range making it a melt only piece ( they are always on sale with the big guys.)

 

[MRM]

I'm interested in a sterling pitcher trade. Maybe post a few photos?

 

[GAgunLAWbooklet]

A 10 oz bar at today's spot price
would be good for private party purchases of things like guns, farm and yard equipment, tools, vehicles, appliances, right?

I mean we're not talking about paying for your dinner and drinks with a 10 ounce bar, but there may be other types of expenses that involve a few hundred dollars at a time.

 

[BigMike]

A 10 oz bar at today's spot price
would be good for private party purchases of things like guns, farm and yard equipment, tools, vehicles, appliances, right?

I mean we're not talking about paying for your dinner and drinks with a 10 ounce bar, but there may be other types of expenses that involve a few hundred dollars at a time.

I can't answer that one. I've not had luck trading for much by way of silver. Gold, but not silver. I was speaking on cash liquidity on the secondary market. Someone could rake and scrap, or skip coffee for a week for a 1oz bar. A 10oz is knocking on double digit percentage of someone's paycheck every week. Just like gold eagles, except the premium changes by denomination. A 1/10th ounce used to carry a 15-20% premium because it was affordable, while a 1oz was at 5%. Most dealers I visit and the last three shows, un-graded gold is just not there. Hell I saw one dealer selling some graded gold at melt. I think you get my jist. If you can trade it, sure. But back into cash takes a hit.

 

[BigMike]

I see what you are saying but if we/the wife is to melt grandmas and great granny's stuff, we still have it. We have no Baisis in it. Have it reported?

Re-poured

 

[wolfmanrogers]

A 10 oz bar at today's spot price
would be good for private party purchases of things like guns, farm and yard equipment, tools, vehicles, appliances, right?

I mean we're not talking about paying for your dinner and drinks with a 10 ounce bar, but there may be other types of expenses that involve a few hundred dollars at a time.

The issue that I'd have with accepting it, is guaranteeing it's authenticity.

 

[fz1boxer]

The issue that I'd have with accepting it, is guaranteeing it's authenticity.

many ways to test,first would be a specific gravity test,then sigma,then drill it.you can always heat it because not all metals expand the same this is used on big bars to expose any plugs hiding lead

 

[wolfmanrogers]

many ways to test,first would be a specific gravity test,then sigma,then drill it.you can always heat it because not all metals expand the same this is used on big bars to expose any plugs hiding lead

It's the level of extra authentication that would prevent me from doing this. I don't want to meet up with someone and have to heat silver bars or measure and weigh it. It's just not a viable solution for 99% of folks.

 

[thevalueman]

you gotta have one of these.....

PMV Original

Get the gold standard in precious metal verification with the PMV Original, delivering trusted accuracy and efficiency in assessing the authenticity of coins and bars without compromise. The PMV Original is the cornerstone of non-destructive precious metal verification. With its groundbreaking...

www.sigmametalytics.com

 

[lostchild]

It's the level of extra authentication that would prevent me from doing this. I don't want to meet up with someone and have to heat silver bars or measure and weigh it. It's just not a viable solution for 99% of folks.

Where's your trust in your fellow man? If he says it's .999...