How do you trust silver bars?

Discussion in 'Bullion Investing' started by genuinem356, Jul 7, 2014.

  1. risk_reward

    risk_reward Active Member

    So, what happens when you decide to sell. Are you a reputable seller?
     
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  3. medoraman

    medoraman Supporter! Supporter

    Does it matter if all of your items are real silver? The person you sell to could test them all they want, as long as its real silver you are in good shape. The real danger is spending good money today for an item that is fake silver, but not finding out about it until it comes time to sell. That is what buying from a good seller will do for you. :)
     
    rzage likes this.
  4. rzage

    rzage What Goes Around Comes Around .

    I mostly buy 90% silver US coins and a few smaller 5 oz and 10oz bars all Silvertowne bars . Most people can tell real 90% silver US coins and can easily check small bars .
     
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  5. risk_reward

    risk_reward Active Member

    If that's true why did no one in this thread mention testing the silver they buy?
     
  6. rzage

    rzage What Goes Around Comes Around .

    I can see testing bars if bought off of ebay from someone you don't know . But do you think testing bars bought directly from Silvertown or any large seller/smelter is necessary ?
     
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  7. medoraman

    medoraman Supporter! Supporter

    Who wants to ruin an ASE today or have time to test all of the silver they buy? I just bought about 100 ounces of junk silver last week. I am not going to sit there and test every dang one, I go to a reputable seller who I can trust and just buy.
     
  8. medoraman

    medoraman Supporter! Supporter

    Plus, if its bars, how are you going to test? The only true way to test is to melt it. Kind of defeats the purpose, doesn't it? Silver is VERY, VERY easy to fake for sg, so how would you know that bar is not just pot metal coated with silver short of cutting it in half or melting it?

    I would rather just buy from a reputable dealer and be able to sleep at night. Maybe I didn't get the absolute cheapest price, but I know its real.
     
  9. risk_reward

    risk_reward Active Member

    So, what happens when you go to sell? Are you a reputable dealer?
     
  10. rzage

    rzage What Goes Around Comes Around .

    Let the people test it all they want , though Most people can tell if 90% pre '64 US coins are real or not .
     
  11. risk_reward

    risk_reward Active Member

    You are avoiding the question. We aren't talking about silver coins. If testing is an answer for when you sell, then why does no one actually suggest doing it when you buy?
     
  12. rzage

    rzage What Goes Around Comes Around .

    I'm not trying to avoid your question as I thought I answered it by stating if you buy brand new sealed bars from a reputable firm there should be no need . Now if you buy fro JoeShmo on ebay you should at least do an acid test if you feel uncomfortable with them .
     
  13. risk_reward

    risk_reward Active Member

    Once again, if the best way to get reliable silver is to buy from a reputable dealer, doesn't that present a real problem when it comes time to sell and you're not a dealer?
     
  14. rzage

    rzage What Goes Around Comes Around .

    I wouldn't think so if most are US pre '64 coins or ASEs . Also I really don't plan to sell any , and if I do sell it'll be to Harlen Berks where I'm known . Now with larger or poured bars if I had to sell , they could test them .
     
  15. risk_reward

    risk_reward Active Member

    If testing them is such a good answer, why does no one give that advice for buying? If testing is not a significantly worse option, then why does everyone recommend "buy from a reputable dealer" and never recommend testing?

    I really don't understand. There seems to be a real breakdown in logic and I'm trying to find the source of it.
     
  16. rzage

    rzage What Goes Around Comes Around .

    I guess the logic is why a big firm like Englehard or Silvertowne is , why would they rip a customer off . It's like going to Sears and buying a lawnmower , you expect it to be what they say it is or word would get around and they'd not only lose business , they'd go broke .
     
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  17. risk_reward

    risk_reward Active Member

    You are not reading my entire point. What about when you SELL? An individual does not have the reputation of silvertowne. If someone should only buy from reputable dealers how can an individual who has bought eventually sell? Someday the silver has to be sold.
     
  18. rickmp

    rickmp Frequently flatulent.

    When selling whether to the brand name company you bought from or your neighborhood dealer, the bars with the brand name will be trusted more than the no name bars. Happy now?
     
    rzage likes this.
  19. medoraman

    medoraman Supporter! Supporter

    But you are not reading MY entire point sir. It does not MATTER when you sell if someone considers you a reputable seller. Your silver is REAL, they can test it to their hearts content. By buying from a reputable seller you KNOW your silver is real, and will be valuable when you go to sell it. Buy some junk on Craigslist, and you are risking holding pot metal for 30 years before you find out you were swindled.

    You buy from a reputable dealer for YOUR sake, not to add resale value.
     
  20. Galen59

    Galen59 Gott helfe mir

    I've a friend who calls them loafs, and he slices them like bread, yes he saves the dust, He would say now they can see for themselves. I am not suggesting this to anyone, odd thing is, he has never had a problem with resale.
     
  21. JBGood

    JBGood Collector of coinage Supporter

    I like silver bullets and an occasional silver vampire stake. Form and function is my game.
     
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