|Money and Finance Because you have to save money to spend it on new paintball stuff!|
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|05-12-2014, 01:46 AM||#11 (permalink)|
Sorry, that's classified.
Join Date: Sep 2011
Location: SoCal, USA
Most of the time it's at cost. I've had my dealer run favors, like getting specific coins from certain mints or someone who had a connection. She up charged me 50 bucks for the leg work.
In my case the benefit is purchasing in batches of $1000 or more to avoid certain fees. The final price would would include spot pricing and any collector value involved for certain coins. We've not dealt in bullion yet. Her usual clientele prefers coins.
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Last edited by Donut SD; 05-12-2014 at 02:01 AM.
|05-12-2014, 09:13 AM||#12 (permalink)|
Join Date: Mar 2013
If you're only in it for the silver, not the coins, I would go the ETF route through a brokerage firm. If you look around at the different brokerages you can find ones that have ETFs you can trade without any transaction fees (or a certain number of free trades per year). If you've really got a read on the silver/metals market (I don't pretend to - I use bear/bull triggers for metals), ETFs will let you short it on the downside.
|05-12-2014, 08:48 PM||#13 (permalink)|
here is a good info site.
Silver Coin Melt Values with Live Silver Prices - Coinflation
Do not yearn too much for a sword made by a famous smith. This is because even if you give a good man a sword worth ten thousand coppers, he will not be able to beat a hundred men each holding a spear worth a hundred coppers. - Asakura Takakage Toshikage, 1462-1482
Whatever your hand finds to do, do it with your might; for there is no work, nor device, nor knowledge, nor wisdom, in the grave, where you go.
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|09-27-2014, 09:53 PM||#15 (permalink)|
Join Date: Jul 2012
There is good info in this thread. I helped liquidate a fairly large collection last year. There were quite a few dealers in the three large cities I searched, but I found that the best and biggest dealers seemed to all know each other across the country. I had a much better experience when dealing with png dealers:
Find A PNG Dealer | Professional Coin Buyers & Sellers
The two dealers I used that were png members used a no haggle formula based on a weekly price sheet.
In my opinion, there are three reasons people buy coins:
1. to invest in gold and silver
2. numismatic value (apparently some people buy coins like paintball guns)
3. when the zombies come.
If the reason is number 1, I think trading on an exchange is preferable to actually owning the coins. I had to hide the coins, worry about the coins, and never talk about the coins. In addition, the transaction cost on an exchange should be lower than actually dealing with the metal.
If the reason is number 3, I think older american silver currency that is only about 90% silver is the best option. You don't need people to break a super valuable piece, and it is inexpensive to hoard.
btw don't buy anything that is pumped up like the morgan silver dollars...
|09-30-2014, 08:41 AM||#16 (permalink)|
I like Guns and Cigars.
Join Date: Jul 2008
|09-30-2014, 09:50 AM||#17 (permalink)|
Where do you guys buy your silver from? Do you experience much of a markup on silver bars in your area?
username: bacreman, 100+, 100% positive
|11-03-2014, 08:35 PM||#18 (permalink)|
monex or gainesville coins
The est cost to produce an ounce of silver is $20, it has alot of industrial uses that are growing. The recent fall has surprised me.
I have been watching it for a while, maybe time to jump in. Right now, you are grabbing a falling knife. Fall is typically rally time for metals.
Maybe everyone that jumped on the bandwagon is jumping off?
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|11-04-2014, 04:33 PM||#19 (permalink)|
Splash mag hunter
Join Date: Jul 2011
Recently sold a collection of Swedish gold coins. As I see it, it's not a particularly good investment. Collecting coins is fun but as I see it, you will not get rich on this. There are much better ways to invest money.
|11-04-2014, 04:55 PM||#20 (permalink)|
Join Date: Oct 2007
Location: A2, Michigan
I'll pick up random bits at a discount but I agree it's a tough market which has done nothing but decline for the last year or two. Should have dumped when silver was at 35 or so. :\
I just like having a bit of stuff that has the possibility of gaining value vs. cash which will absolutely not. Plus it's shiny. I like shiny things.