Here is what I have now, any thoughts on it? leave a comment on here or on the video, also what else should I buy? Ive been getting alittle of everything lately, should I continue what im doing or get big bars or different rounds
Buy whatever you like. A mix of 90% silver coins, .999 bullion coins (ASE's, Maple Leafs, Pandas for example), rounds, 5 and 10 ounce bars gives you a bit of variety instead of everything the same.
Your knowledge about the silver bullion market puts me to shame. I don't know what you should continue to get but what I do know is that you need to keep making videos and share your expertise on how to make money with silver to the world
I think you should put that US90% in some tubes, for organization's sake. And get that 10% Peso out of there! Silvered, not silver. Also, 90% isn't commonly melted, it just gets relegated to bags of $500 or $1000 FV and traded. It really wouldn't make much economic sense to melt it, it is already a known, relatively high purity and easily identifiable.
I agree with the points below. In addition, I have found it very hard to find a LCS interested in buying foreign (non-US) silver coins. I even have Israeli coins in holders, silver content clearly marked, as well as some canadian coins, all of which I found out I can not easily "cash in" like I can my US coins. Food for thought.
Check out your local pawn shops the one I go to has a bucket of 90% coins to choose from and its .10 over spot
10 cents over spot? Come on man. Then what do they pay, how much below spot? Do the math, that's selling them at $13.60 for $13.50 average melt value per dollars worth at current market value. The best I can remember in recent history was 30 cents over melt (they paid melt value to get them), but now it is hard to find better than 10% over at the lowest price dealers due to supply and demand. That's right, you can buy regular bullion at a lower premium than 90% coins. I am saying that dealers are not stupid. For example, I can sell all the halves I can find for $8 each all day long at any local flea market, heck the regular sellers there will pay that much for them. So why would any dealer sell them to me for $7 each at the current market valuation? I could also list them for $9.99 including shipping on eBay and sell every one of them, some will be bid up higher. Less all my costs I'd still make over $8 each.
I've found that much of a LCS buy/sell spread depends on the local economy and local buy/sell trends. In a depressed economy where people are selling bullion to make ends meet, you'll often see a buyers' market. In a good economy where people are buying bullion to stack, you'll often see a sellers' market. Of course the Internet is helping to even out markets, but LCS tend to prefer buying and selling in person for the quick turnaround and lower expenses. In the same week, I visited coin stores in three different cities and I was looking for ASE at the time. In my city, they were $4.50 over spot. In Helena, MT, they were $3 over spot. In Billings, MT, they were $10 over spot. The dealer in Billings was offering $5 over spot, which was more than he'd pay if he bought them through one of the major dealers, so I asked him why are his prices so high for both buy and sell. He said he'd rather pay $5 over spot and have them in hand immediately than pay $3 over spot and have to wait a month, because even at $10 over spot, he was out of stock more often than not.
