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Buying Silver, what should I know?
#8057802
11/20/20 07:34 PM
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Joined: Jul 2011
Posts: 1,491
BearkatHunter2011
OP
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OP
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Posts: 1,491 |
Thinking of buying some silver coins. What should I know?
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Re: Buying Silver, what should I know?
[Re: BearkatHunter2011]
#8057809
11/20/20 07:40 PM
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Joined: Jan 2010
Posts: 4,006
Stevarino
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It’s hard to sell at face value.
Last edited by Stevarino; 11/20/20 07:41 PM.
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Re: Buying Silver, what should I know?
[Re: Stevarino]
#8057811
11/20/20 07:42 PM
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Joined: Jan 2010
Posts: 22,997
fadetoblack64
giddyup
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giddyup
Joined: Jan 2010
Posts: 22,997 |
Buy ya a bag of pre 64 change and be done with it.
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Re: Buying Silver, what should I know?
[Re: BearkatHunter2011]
#8057823
11/20/20 07:55 PM
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Joined: Dec 2013
Posts: 101
Zipster
Woodsman
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Woodsman
Joined: Dec 2013
Posts: 101 |
Try to buy maple leafs or Morgans if possible. Generic rounds are harder to prove they are real. Also watch the spot price. You will pay spot on top of the going rate. Ex: if market is 23.00 ounce and Spot is 2.00 bucks, you will pay 25.00 per ounce. Spot can flux with the seller so shop around.
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Re: Buying Silver, what should I know?
[Re: BearkatHunter2011]
#8057825
11/20/20 07:56 PM
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Joined: Mar 2005
Posts: 3,261
Sniper.270
Veteran Tracker
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Thinking of buying some silver coins. What should I know? Depends on what you mean when you say “coins.” If you are going “Junk” silver like TWYC mentions, that’s one thing. If you want .999 silver you can get coins, bars, and a variety. You can get fractional coins etc. you can also go metric and do grams and such. If you are just getting started and don’t know, I would suggest the secondary market. Tons of options and it’s very easy to get started and not drop a ton of money. If you are going to do it long term I would also suggest picking a theme. Lastly, if this is a short term, in and out, I wouldn’t do silver.
Proverbs 2
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Re: Buying Silver, what should I know?
[Re: BearkatHunter2011]
#8057866
11/20/20 08:33 PM
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Joined: Sep 2004
Posts: 12,426
RedRanger
THF Celebrity
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Joined: Sep 2004
Posts: 12,426 |
I always confer with the Hunt Brothers when trying to corner the silver market.
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Re: Buying Silver, what should I know?
[Re: BearkatHunter2011]
#8057955
11/20/20 09:50 PM
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Joined: Aug 2008
Posts: 14,953
don k
THF Celebrity
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Posts: 14,953 |
You should have bought 8 months ago.
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Re: Buying Silver, what should I know?
[Re: don k]
#8057974
11/20/20 10:09 PM
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Joined: Jan 2010
Posts: 22,997
fadetoblack64
giddyup
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giddyup
Joined: Jan 2010
Posts: 22,997 |
It's going to 4.....he has time.
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Re: Buying Silver, what should I know?
[Re: Stevarino]
#8057993
11/20/20 10:19 PM
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Joined: Sep 2007
Posts: 7,636
Nathan at Fork
THF Trophy Hunter
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THF Trophy Hunter
Joined: Sep 2007
Posts: 7,636 |
It’s hard to sell at face value. Really? I think it would be pretty easy to sell silver coins at face value.
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Re: Buying Silver, what should I know?
[Re: fadetoblack64]
#8057994
11/20/20 10:19 PM
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Joined: Dec 2011
Posts: 1,749
fredeboy
Pro Tracker
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It's going to 4.....he has time. I hope there is a 0 on the end of that 4
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Re: Buying Silver, what should I know?
[Re: BearkatHunter2011]
#8057996
11/20/20 10:20 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
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They. Will either go up or down.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Buying Silver, what should I know?
[Re: Nathan at Fork]
#8058001
11/20/20 10:21 PM
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Joined: Dec 2011
Posts: 1,749
fredeboy
Pro Tracker
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It’s hard to sell at face value. Really? I think it would be pretty easy to sell silver coins at face value. Sure I will give you a dollar a piece for all the silver eagles you have!!
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Re: Buying Silver, what should I know?
[Re: don k]
#8058044
11/20/20 10:55 PM
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Joined: Mar 2005
Posts: 3,261
Sniper.270
Veteran Tracker
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Joined: Mar 2005
Posts: 3,261 |
You should have bought 8 months ago. This is true. Very.
Proverbs 2
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Re: Buying Silver, what should I know?
[Re: BearkatHunter2011]
#8058101
11/20/20 11:53 PM
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Joined: Sep 2018
Posts: 1,051
Old Shakie
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Prices are somewhat high now....I personally would not be buying. If I were buying I would buy common or junk pre 64 U.S. coins or new Silver Eagles....easier to sell if you need to. I would avoid buying so called collectable coins....easy to over pay for mis-graded coins.
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Re: Buying Silver, what should I know?
[Re: Nathan at Fork]
#8058102
11/20/20 11:53 PM
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Joined: Jan 2010
Posts: 4,006
Stevarino
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Posts: 4,006 |
It’s hard to sell at face value. Really? I think it would be pretty easy to sell silver coins at face value. Maybe not coins but I was thinking along the lines of silver bars. Who do you sell to based on the current price of silver
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Re: Buying Silver, what should I know?
[Re: fadetoblack64]
#8058178
11/21/20 12:51 AM
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Joined: Oct 2008
Posts: 15,202
Tbar
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Posts: 15,202 |
Make America Great Again
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Re: Buying Silver, what should I know?
[Re: BearkatHunter2011]
#8058218
11/21/20 01:12 AM
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Joined: Nov 2017
Posts: 19,316
Biscuit
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Joined: Nov 2017
Posts: 19,316 |
Wouldn’t buy right now. Peak price . CR coins in NRH is good
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Re: Buying Silver, what should I know?
[Re: BearkatHunter2011]
#8058250
11/21/20 01:30 AM
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Joined: Nov 2005
Posts: 5,656
Ox190
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2005
Posts: 5,656 |
I think silver will go even higher if Biden ends up in office. There is already impending inflation, with the Democrats liberal agenda inflation with go through the roof and devalue the dollar. Gold and silver will climb.
"There has never been an occasion where a people gave up their weapons in the interest of peace that didn't end in their massacre." Louis L'Amour
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Re: Buying Silver, what should I know?
[Re: Zipster]
#8058269
11/21/20 01:46 AM
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Joined: Aug 2009
Posts: 3,124
postoak
Veteran Tracker
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Posts: 3,124 |
Try to buy maple leafs or Morgans if possible. Generic rounds are harder to prove they are real. Also watch the spot price. You will pay spot on top of the going rate. Ex: if market is 23.00 ounce and Spot is 2.00 bucks, you will pay 25.00 per ounce. Spot can flux with the seller so shop around. What's the difference between market price and spot price?
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Re: Buying Silver, what should I know?
[Re: Sniper.270]
#8058274
11/21/20 01:48 AM
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Joined: Aug 2009
Posts: 3,124
postoak
Veteran Tracker
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Posts: 3,124 |
Thinking of buying some silver coins. What should I know? Depends on what you mean when you say “coins.” If you are going “Junk” silver like TWYC mentions, that’s one thing. If you want .999 silver you can get coins, bars, and a variety. You can get fractional coins etc. you can also go metric and do grams and such. If you are just getting started and don’t know, I would suggest the secondary market. Tons of options and it’s very easy to get started and not drop a ton of money. If you are going to do it long term I would also suggest picking a theme. Lastly, if this is a short term, in and out, I wouldn’t do silver. What is the "secondary market"?
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Re: Buying Silver, what should I know?
[Re: postoak]
#8058365
11/21/20 03:41 AM
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Joined: Mar 2005
Posts: 3,261
Sniper.270
Veteran Tracker
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Veteran Tracker
Joined: Mar 2005
Posts: 3,261 |
Thinking of buying some silver coins. What should I know? Depends on what you mean when you say “coins.” If you are going “Junk” silver like TWYC mentions, that’s one thing. If you want .999 silver you can get coins, bars, and a variety. You can get fractional coins etc. you can also go metric and do grams and such. If you are just getting started and don’t know, I would suggest the secondary market. Tons of options and it’s very easy to get started and not drop a ton of money. If you are going to do it long term I would also suggest picking a theme. Lastly, if this is a short term, in and out, I wouldn’t do silver. What is the "secondary market"? In simplest terms it’s second hand buying. Not from a particular vendor, but maybe a vendor selling for someone. APMEX usually has decent secondary options. It’s just a bit cheaper, but stamp will be random.
Proverbs 2
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Re: Buying Silver, what should I know?
[Re: Old Shakie]
#8058375
11/21/20 03:51 AM
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Joined: Mar 2005
Posts: 3,261
Sniper.270
Veteran Tracker
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Veteran Tracker
Joined: Mar 2005
Posts: 3,261 |
Prices are somewhat high now....I personally would not be buying. If I were buying I would buy common or junk pre 64 U.S. coins or new Silver Eagles....easier to sell if you need to. I would avoid buying so called collectable coins....easy to over pay for mis-graded coins. Prices are high right now. The pre 64 coins are a good option if you are going to hold, or collect coins. Depends on what your goal is in silver. Silver Eagles are always safe. I don’t collect them, but many people do and you can always move them. The collectible coins I would agree with, stay away from those. But there are some series which are good. I have an Egyptian series that is crazy good. But that’s really not collectibles. You can get some good themed/series coins which have better than average value.
Proverbs 2
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Re: Buying Silver, what should I know?
[Re: BearkatHunter2011]
#8058415
11/21/20 04:23 AM
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Joined: Jan 2012
Posts: 29,167
TXHOGSLAYER
THF Celebrity
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THF Celebrity
Joined: Jan 2012
Posts: 29,167 |
LETS GO BRANDON
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Re: Buying Silver, what should I know?
[Re: BearkatHunter2011]
#8058636
11/21/20 02:38 PM
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Joined: Feb 2008
Posts: 14,149
glens
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THF Celebrity
Joined: Feb 2008
Posts: 14,149 |
Have a Crown Royal bag full of Peace and Morgan Silver Dollars Wifey inheirted years ago. A few pounds worth. Grandaughter will get um when it's time.
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Re: Buying Silver, what should I know?
[Re: TXHOGSLAYER]
#8058665
11/21/20 02:51 PM
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Joined: Jan 2007
Posts: 15,525
reeltexan
THF Celebrity
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THF Celebrity
Joined: Jan 2007
Posts: 15,525 |
"If we ever forget that we are One Nation Under God, then we will be a nation gone under." Ronald Reagan
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