Buying Canadian Silver 1.5 oz. Snow Falcon

Discussion in 'Bullion Investing' started by Thorpeuser, Jun 24, 2018.

  1. Thorpeuser

    Thorpeuser Long time collector

    l have an offer from Lear Capital to buy the silver coins at around $40. Considering the spot market on silver is around $16.35 an oz., that equals about $24.52 per coin. My question, is the numismatic value worth the added cost to buy them? Also what has been you experience with Lear Capital? Good or bad?
     
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  3. Nathan401

    Nathan401 Quis custodiet ipsos custodes?

    My opinion is no, in the future you would be offered spot price (or less). Of course you could sell for a premium on eBay, but after fees from eBay, PayPal, and shipping, you'd be closer to spot. And that's without putting a value on your time ( taking pics, listing, taking offers, packing, drive to Post Office, etc.)
    Don't get me wrong, they are beautiful, and a quick online check says that people are buying them... However, your odds of making a profit are small. With such a large premium the spot price would have to rise significantly.
     
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  4. NLL

    NLL Well-Known Member

    Lear capital and other places like it are a ripoff. Avoid them like the plague.
     
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  5. Dillan

    Dillan The sky is the limit !

    I would suggest you check out some of the Canadian auctions, your dollar has a great exchange rate, At times I have seen very nice silver items go for about the same number in the US and in Canada, and at almost 30% you can gain by purchasing some of the items in Canada because of the dollar .Shipping is more but if you were purchasing enough the spread over a number of items reduces the final cost by a fair amount. If you want a few names of Reputable auctions, message me, and I will give you some of the places I buy at. You have a good advantage over the Canadian bidders , and this could get you the items your looking for at a much better price.
     
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  6. myownprivy

    myownprivy Well-Known Member

  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    You have to weigh the fact that anything over spot is going to be a crap shoot
    To get a return on that premium, on silver i would try and stay under $20 if at
    all possible from a possible investment standpoint however if you like the the coins
    and dont really care about that aspect, i always say buy what you like :)
     
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  8. Caren Danneman

    Caren Danneman New Member

    Hi Dillon, My father purchased the Canadian White Snow Falcon from Lear at $50 each. It was a terrible purchase. My father hired an attorney to get his money back. That was 3 years ago. Today, Lear has offered me a laughable $23 each as a buy back. With the stock market going down, I assume silver prices will continue to rise. It is a good time for someone if they purchase them now???
    However, I really need to get $30 each. Can you advise me? Canadian Auctions?
    Thank you, Caren
     
  9. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    First, welcome to the neighborhood, Caren!

    You do realize that this thread goes back to June, 2018 don't you? ~ Chris
     
  10. Dillan

    Dillan The sky is the limit !

    Hi Caren, Welcome to Coin Talk. I have not been on the site much lately. This thread is from a while back as noted above. If I was you I would try to sell privately first if possible. Sorry to hear your dad got scammed at such a high price . Silver has not done well lately . If you were buying I would recommend buying in Canadian Auctions but selling is another story because of the dollar difference. I think your asking price of 30.00 is more then fair , so they should sell . I will ask around for you to see if I can help you a bit but cannot promise as the market is so up and down . I think however you should be able to get what your asking , the coins hold a bit of a premium over just silver because of the art work on them . hang in there things always have a way of working themselves out . Dillion
     
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