what is your favorite way to buy silver?

post an image of your favorite art bar ... i am curious to see it

 

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i just bought 2 rolls of mixed date 1878-1904 uncirculated morgans today
the dealer let me cherry pick through 6 rolls to make 2
i bought them for $629 per roll ($31.45 per coin)
(each coin contains nearly $18 of silver)
fairly pleased with the price and condition.

here is a sample of my lot

 

Wow! That is a tough one because I have a lot of favorite silver art bars. I like to collect mainly silver art bars that were minted in the 1970's. One of my many favorite '70's silver art bars is this one:





Coca-Cola silver art bars are my favorite silver art bars to collect. This one was minted by the World Wide Mint in 1977.

Here is a thread of mine that has some of the many silver art bars that I have in my collection.

http://www.cointalk.com/t55843/

 

wow ... that's nice! do these have a lot of value over melt?

 

It depends on the silver art bar. Some 1-oz silver art bars have a large rarity value over spot on ebay. Some silver art bars will bring over $3 to $8 over spot while there are some truly rare silver art bars that sell for $100's of dollars over spot.

 

I collect and invest in mainly older bars and rounds but I also choose graded ASE proofs that are 69 or higher, and some 5 & 10 ounce bars too. Strictly .999. No junk unless I can get them via a trade or for a really good price. I have never had a problem with any of my older bullion being fake or not pure. Most of the mints that produced them are indeed obscure, but are also documented and well known with Us collectors. (Silver Art can back me up on that) : )

 

I agree with that because I have been collecting old silver art bars for 2 years and there are many 1970's silver art bars that were minted by so many so private mints that went out of business a long time ago. These '70's silver art bars are indeed documented. They are documented in the various editions of Archie Kidd's silver art bar guide books. The Archie Kidd guidebook is the "Red Book" for silver art bar collectors. These '70's silver art bars are well known to people (such as myself) who collect old silver art bars.

 

my "favorite way to buy silver" is with depreciating FRNs at my local coin shop.

 

i had to google FRN to figure out what you were saying (i'm slow)

FRN = Federal Reserve Note

That's so true

And QE2 hasn't even started yet ... that's due to start in November

I wonder if we'll have a huge run up in metals towards Thanksgiving (like we had last year)
Then a big pull back in December

Last year it was the news about Kuiwait being bankrupt (or some such thing)
that caused a big drop in the metals and a rise in the dollar
the day after Thanksgiving.

Funny how Sept-Nov is usually a big run up time for metals
I wonder why that happens?

 

I am interested in buying some silver eagles for bullion purchase. Can anyone reccomend a good place to start?
With silver being so high now, is it a still ok to buy?

JFA

 

Justic4All,

This is my local dealer and can recommend them highly
I have been buying from them for years

http://www.goldeneaglecoin.com

They also have a great web site and you can get some ideas on the various silver products
and will also help you compare prices if you find a good dealer close to your home.

The ASE's have a pretty hefty premium over spot (I think around 14% or so for rolls)
but you also get more when you sell them

(And they are gorgeous to look at.)

Not sure how many Silver Eagles you want to buy but you get a better price if you buy a roll or a 5 roll lot ... or a box of 500!

Also if you do place an order from GEC ... be sure to put in the Promotion Code of SAVE20 when you check out to save $20 on every $1000 order

Note sure how much shipping for heavy lots (I think their standard ship rate is $24.95 per order)

Anyway that web site will give you some ideas on the various silver vehicles.

I personally think silver is going to over $30 an ounce in 2011 ... however nobody really knows.
I think that having a bullion hedge against dollar devaluation is a good idea

Don't worry so much about the zigs and zags of the silver price ... think about it as a 10 year + investment

Last Fall I bought a bunch of silver eagles when silver was around $18 an ounce ... then when silver fell down to $15 in the spring rather than get depressed, i bought more ... now its over $23

buy some now ... and every time the price of silver drops 10% ... buy more.

i think in 10 years you'll be happy

 

This is probably not a good rule of thumb because spot price on silver is based on 5000 troy ounces per single contract. i.e. You have to trade this amount to get spot. Everything smaller costs more. Now if one were to walk in with a few junk Morgans or even a tube of silver eagles, it's probably unreasonable to expect the coin dealer to pay spot for these. Coin dealers are not bullion sellers for the most part, and have an overhead to cover and might even want to make a profit. This isn't something done by paying spot for silver bullion in small amounts.

Note this is a totally different conversation when it comes to numismatic value.

 

My dealer charges $3 over melt for ASE's.

 

that's a good price

 

wait it is cheap and enter.

 

I`m not exactly sure..........but I think I agree.

 

My favorite way? As much as I can!

I like .999 rounds, gov and nice/unique generic. Maria Theresa Thalers and Morgans round it out. After that it's any interesting round "foreign and domestic" as long as it's ~0.75 ASW. Makes it easier to round out in my head how many raw ounces I have. Now on the numismatic side, that's a different ballgame...