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Re: Buying Silver, what should I know? [Re: Sniper.270] #8058669 11/21/20 02:53 PM
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Originally Posted by Sniper.270
Originally Posted by Old Shakie
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.


Agree silver eagles always move

Re: Buying Silver, what should I know? [Re: glens] #8058727 11/21/20 03:31 PM
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Originally Posted by glens
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.


This is not a critique, but if stored that way where they touch metal to metal, it will tremendously devalue them. If they are in individual plastic packages, then it’s good to go.


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Re: Buying Silver, what should I know? [Re: BearkatHunter2011] #8058810 11/21/20 04:41 PM
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I recommend educating yourself on spotting fakes. Google and YouTube is your friend there.. Two of the four pictured are fake. One I am sure the seller knew it and immediately refunded me. The other was mixed in some real ones and I doubt the seller knew. It even got by me for a couple months. The Chinese have flooded the US with fake silver eagles and morgans. A high percentage of those sold on eBay are fake. Starting out stick with places like apmex, jm bullion, and texmetals. Or individuals you know and trust.

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Re: Buying Silver, what should I know? [Re: Sniper John] #8058831 11/21/20 04:56 PM
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Originally Posted by Sniper John
I recommend educating yourself on spotting fakes. Google and YouTube is your friend there.. Two of the four pictured are fake. One I am sure the seller knew it and immediately refunded me. The other was mixed in some real ones and I doubt the seller knew. It even got by me for a couple months. The Chinese have flooded the US with fake silver eagles and morgans. A high percentage of those sold on eBay are fake. Starting out stick with places like apmex, jm bullion, and texmetals. Or individuals you know and trust.

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Yep I have heard that

Even the graded ones are now faked.

Re: Buying Silver, what should I know? [Re: BearkatHunter2011] #8058944 11/21/20 06:08 PM
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Re: Buying Silver, what should I know? [Re: Sniper John] #8058947 11/21/20 06:14 PM
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Originally Posted by Sniper John
I recommend educating yourself on spotting fakes. Google and YouTube is your friend there.. Two of the four pictured are fake. One I am sure the seller knew it and immediately refunded me. The other was mixed in some real ones and I doubt the seller knew. It even got by me for a couple months. The Chinese have flooded the US with fake silver eagles and morgans. A high percentage of those sold on eBay are fake. Starting out stick with places like apmex, jm bullion, and texmetals. Or individuals you know and trust.

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which two are fake? The ones with the most detail?


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Re: Buying Silver, what should I know? [Re: Tin Head] #8058955 11/21/20 06:19 PM
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Originally Posted by Tin Head

which two are fake? The ones with the most detail?


Top left and bottom right maybe.....


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Re: Buying Silver, what should I know? [Re: BearkatHunter2011] #8058977 11/21/20 06:37 PM
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Top Two. Both thud with no ping when dropped. Also, one is off in dimensions, one is off in weight. One has the wrong font or size for date. One or both, can't remember did not show to be diamagnetic to a rare earth magnet.

Re: Buying Silver, what should I know? [Re: BearkatHunter2011] #8059092 11/21/20 08:05 PM
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I still have my coin collection from the late 1950's. No idea what to do with it. I don't want to mess with trying to grade them or find out which ones might be more collectible. And, I don't know of anyone reliable enough to grade them got me. I have rolls of dimes and quarters, pennies, etc.

Conundrum: I don't need the coins or the money they would bring.


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Re: Buying Silver, what should I know? [Re: Sniper.270] #8059100 11/21/20 08:12 PM
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Originally Posted by Sniper.270
Originally Posted by glens
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.


This is not a critique, but if stored that way where they touch metal to metal, it will tremendously devalue them. If they are in individual plastic packages, then it’s good to go.

These have been in the Family since the 50's and 60's. Thank's for the tip and will let the grandaughter know about it when I give um to Her in about 10 or 15 years. Give um to her now and the Little Barrel Racer will buy something for Her Horses.

Re: Buying Silver, what should I know? [Re: Dave Davidson] #8059115 11/21/20 08:24 PM
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Originally Posted by Dave Davidson
I still have my coin collection from the late 1950's. No idea what to do with it. I don't want to mess with trying to grade them or find out which ones might be more collectible. And, I don't know of anyone reliable enough to grade them got me. I have rolls of dimes and quarters, pennies, etc.

Conundrum: I don't need the coins or the money they would bring.


Story time with the grandkids about them. The kid(s) who like it and pay attention can get the bug to collect.

My grandfather did that with me. I collected in the late 70s to mid 80s.

My dad has his father's coins. I will get them eventually. I hope a long time from now.

Re: Buying Silver, what should I know? [Re: Dave Davidson] #8059168 11/21/20 09:13 PM
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Originally Posted by Dave Davidson
I still have my coin collection from the late 1950's. No idea what to do with it. I don't want to mess with trying to grade them or find out which ones might be more collectible. And, I don't know of anyone reliable enough to grade them got me. I have rolls of dimes and quarters, pennies, etc.

Conundrum: I don't need the coins or the money they would bring.


Might touch base with the OP........


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Re: Buying Silver, what should I know? [Re: BearkatHunter2011] #8059185 11/21/20 09:40 PM
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I bought a good bit from Apmex last year. Mostly silver eagles. Back when spot was 14 to 17, should have sold when it reached 29 a
While back. If it gets over 30 , I am selling.

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Re: Buying Silver, what should I know? [Re: Sniper John] #8059490 11/22/20 02:39 AM
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Very interesting.....thanks for posting!

Re: Buying Silver, what should I know? [Re: BearkatHunter2011] #8059841 11/22/20 03:08 PM
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Good info here

Re: Buying Silver, what should I know? [Re: RedRanger] #8060846 11/23/20 04:28 AM
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Originally Posted by RedRanger
I always confer with the Hunt Brothers when trying to corner the silver market.

I had a boss that was dealing silver dollars back then. He would use us as couriers at times on business trips. I will never forget going through security at O'Hare when the lady at the xray machine blurted out loudly "holy [censored] look at all those coins". I told my co-worker to get the [censored] moving.


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Re: Buying Silver, what should I know? [Re: Stump_jumper] #8060884 11/23/20 04:58 AM
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Originally Posted by Stump_jumper
Originally Posted by RedRanger
I always confer with the Hunt Brothers when trying to corner the silver market.

I had a boss that was dealing silver dollars back then. He would use us as couriers at times on business trips. I will never forget going through security at O'Hare when the lady at the xray machine blurted out loudly "holy [censored] look at all those coins". I told my co-worker to get the [censored] moving.


I brought back 200 ounces in my backpack on an airplane and had a few questions to answer. roflmao


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Re: Buying Silver, what should I know? [Re: postoak] #8061164 11/23/20 02:52 PM
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Originally Posted by postoak
Originally Posted by Zipster
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?



I mis-spoke. Spot is market price, but the seller usually charges a "fee" in addition to spot.

Re: Buying Silver, what should I know? [Re: Zipster] #8061224 11/23/20 03:21 PM
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Originally Posted by Zipster
Originally Posted by postoak
Originally Posted by Zipster
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?



I mis-spoke. Spot is market price, but the seller usually charges a "fee" in addition to spot.


Thanks, that matches my understanding of things.


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