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Where does everybody buy their gold/silver?
- Thread starter Lorentzoe45
- Start date
The debate over PMs is like the old 9mm vs .45acp, it depends a lot on personal preference and what you think will happen. Some argue junk silver (pre-1965 Quarters/Dimes) as they are easily recognized as currency but the vast majority of people have no idea that these coins contain silver and only see their face value i.e. 25 cents, 10 cents. It’s much easier to store 10 oz of gold (approximately $20k) than 833 oz of silver ($20k) however if you are going to use it for barter silver will be much easier to trade. Think of it like trying to use a $10 bill vs a $1000 bill.
Silver dollars have a high premium price over spot but are recognized and minted as US Silver Dollars. The silver content varies so you must know your coins. Many silver dollars have a numismatic value that far exceed their melt value. There again the face value on the coin does not reflect the true value same for gold coins i.e $5, $10. Silver bullion such as bars or rounds have the troy weight stamped into them (1 oz, 10 oz) as well as the mint name but many people will not recognize them as they have never seen one and will think they are fake.
Do a lot of research, buy from reputable companies or shops and never take a wooden silver dollar.
Handy search tool:
findbullionprices.com
Find the Best Prices on Silver and Gold | Silver Spot Price deals
Find the cheapest prices from major dealers before you buy silver bars and rounds, gold coins, bars. Find the best prices on gold and silver. Silver at Spot Price Deals.
Roger that. Great feedback on this. Thanks for the info y’all. My coworker swears by this website, what do y’all think since we are having a discussion? What are things to watch out for when buying? I’m late to the party but completely sketched out with having so much cash that might be worthless one day. Hopefully not but man it seems like more now then before.
www.aydincoins.com
Aydin Coins and Jewelry - Roll of 25 - 2024 1 oz Canadian .9999 Fine Silver Maple Leaf $5 Coin BU
The Silver Canadian Maple Leaf bullion coin. First minted in 1988, the silver Maple Leaf is now one of the more popular members of the Canadian Maple Leaf family of bullion coins...besides silver, one-ounce Maple Leaf coins are also produced by the Royal Canadian Mint in gold, platinum and...
www.aydincoins.com
It's my understanding that bars have more value than coins in the long haul?
Correct me if I'm wrong and keep in mind I'm a neophyte.
Correct me if I'm wrong and keep in mind I'm a neophyte.
With bars you simply get more silver for your money. If you buy 1oz of silver bar you pay like $27 while a Canadian Maple is like $32 or a American Eagle is like $36-38.
Country minted coins always drive a high premium but if you are buying for volume just stick to generic bars and rounds. Let’s be honest, silver is silver in the long run.
I've normally gotten mine from some guy in the back of a pick up truck. JK, mine has come from different members. Is 7oz considered a hoarder?
