Money and Finance Because you have to save money to spend it on new paintball stuff!

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Old 05-12-2014, 01:46 AM   #11 (permalink)
Buying Bankruptcy Kits
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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.

Last edited by Donut SD; 05-12-2014 at 02:01 AM.
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Old 05-12-2014, 09:13 AM   #12 (permalink)
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Originally Posted by MarkT View Post
The website says "Buy Price: $21.11 * This is the price APMEX will pay you when selling your items to APMEX. Subject to certain minimums."

What are the "certain minimums"?
I've sold to APMEX a few times; they have a $1000 minimum when you sell to them. I picked up a few big lots of coins from estates for face value and sorted them for the silver.

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.
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Old 05-12-2014, 08:48 PM   #13 (permalink)
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here is a good info site.

Silver Coin Melt Values with Live Silver Prices - Coinflation
Ecc. 9-10
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Old 09-27-2014, 08:35 PM   #14 (permalink)
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Silver has reached a 4 year low. Any guesses on which direction it is heading?
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Old 09-27-2014, 09:53 PM   #15 (permalink)
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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...
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Old 09-30-2014, 08:41 AM   #16 (permalink)
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Originally Posted by MarkT View Post
Silver has reached a 4 year low. Any guesses on which direction it is heading?
Lower. It still hasn't stabilized from the crash.

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Old 09-30-2014, 09:50 AM   #17 (permalink)
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Where do you guys buy your silver from? Do you experience much of a markup on silver bars in your area?
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Old 11-03-2014, 08:35 PM   #18 (permalink)
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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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Old 11-04-2014, 04:33 PM   #19 (permalink)
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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.
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Old 11-04-2014, 04:55 PM   #20 (permalink)
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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.

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