My coin dealer had a $5 4.04 oz Buffalo Indian Head bar for spot +$20. Would have been $156. The bar was the same size as a $5 bill. I didn't buy it because of the $20 over spot and the fact that it was not marked with the total weight. It was maked as .999. Did I make a mistake not buying it or was I right to walk away?
I think you made the right decision. Stick with easily determinable PM with low premiums. THat combo will lead to the highest PM return. WHen buying, think of when it comes time to sell. Anything unusual a dealer will want to discount on you.
I would recommend against buying bars unless you are getting it from trusted source simply because it is easier to counterfiet them.
in canada bars go for about a dollar over spot on any weight. 1oz maples and eagals go for 4 dollar over spot... spot + 20 for 4 oz bar is a big rip off, and the fact that it dosnt say the weight is even worse. and also no tax on silver or gold in canada
you can get 4oz silver $100 bill bars from westminister mint for $1 over. they have franklin on them like the paper one and are marked 4oz .999 silver. they stack easy. lol
