Buying Silver/Gold @ Spot

Boy, McIntosh Collectibles at the shows are the only ones who have sold me silver at spot.

That's amazing.

No where online can I find silver for spot or even a little tiny premium.

For example, Apmex wants $45 extra on top of shipping to process 50 oz of silver so the total is well over $900.

Yikes.

Anyone have luck with finding bullion at very fair prices online?

 

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Spot price is for 1000 ounce bar in US dollars. It costs money to make it into smaller coins and collectibles. The best bet to buy at spot is eBay.

 

It depends on whether you are buying to resell in the near future or buying to hold. If you are buying to hold, I consider ASEs for any price less than $20 to be a good deal. The premium is worth it for the ease of resale and potential future numismatic value. If you are buying to resell, you are correct that there doesn't seem to be anything out there at spot.

 

or a show, no shipping that way

 

Or just buy from fellow collectors who are selling. Many will be willing to sell at spot because 99.9% of dealers will pay them below spot if they sold that way. I've bought lots of silver/gold that way at or below spot. Mostly in the form of 90% junk silver. Try the open forum here, maybe post a wanted to buy post, or try the buy, sell trade forums of other sites you use. cut out the middleman!!!!!!

 

Excellent idea....BNB have you had any success getting the benefits of being a [online] dealer vs. a B&M dealer...or are you just treated as a retail customer?

 

anyone know where I can sell large quantities of silver coins at spot?

 

try the BST (buy sell trade) forum after you get 10 posts.

 

Selling Silver/Gold @ Spot or over

Where do I find that? Thanks for your help

 

What do you consider "large quantities" of silver coins?

 

Classifieds - in the top blue navigation bar. Nice thread necro, by the way, and welcome! =)

 

Starting at $1000 bags or more.

 

Nope. :smile

 

Sorry, don't understand the Nope?

 

I dont know any places to get silver cheap....original post answer! :smile

 

oh, ok, no, sorry, I was wondering if there are alot of people who buy large quantities -- like around $1000 face value bags?

 

Oh.......Yeah....I think maybe........doubt it!

 

ok, well thanks, do you know anywhere to sell large quantities?

 

Your local coin shop!

 

Many people buy in those quantities. The classifieds here aren't a bad bet. Also, the BullionStacker.com forums have many members who don't shy away from purchases of that size or larger. Ebay will probably net you the highest sell price, but once fees are taken into account you may be better off here or on BS.