How much are you willing to pay per oz over spot for silver?

Discussion in 'Bullion Investing' started by Gam3rBlake, Aug 12, 2021.

  1. Gam3rBlake

    Gam3rBlake Well-Known Member

    That’s still a pretty good deal.

    JM Bullion is known for having pretty fair prices and they sell them for $700+ and they actually sell.
     
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  3. rte

    rte Well-Known Member

    You can't just ask how much over without saying how cool the piece is.
    2x spot isn't out of the question.
    3x spot for a silver eagle is probably the worst I've paid and in my defense I threw my bid out for a place holder bid and thinking it was gold.

    We wont discuss the cool factor pricing of my Dan Carr stuff :D
     
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  4. Gam3rBlake

    Gam3rBlake Well-Known Member

    In this case I am just taking about for regular generic bullion.

    Like a barebones standard bar with “1 oz .999 fine silver” on it and nothing else.
     
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  5. Copper lover

    Copper lover Well-Known Member

    Depends on how bad I want that particular one ounce. I try to consult my red book before buying constitutional silver and an occasional ASE. For other rounds, I get whatever is cheapest at moneymetals.com.

    However, I will pay more for certain Morgans, Barbers and Commemoratives.
     
  6. rte

    rte Well-Known Member

    I'm not really a plain bullion collector.
    I like a little oddity, one of everything philosophy works as well :D
    Somewhat generic that I can get in the $1 over spot box is usually a strong buy.
     
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  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    You pay what spot is are you go home empty handed...LOL
     
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  8. rte

    rte Well-Known Member

    Better yet have the local casino donate to the cause, always nice to get paid for a few minutes work. 20210805_170728.jpg
    I bought in with $60.
    Less then 5 minutes later up to $95.
    I cashed out and the dealer said leaving already?
    I said YUP.
    I had a $100 goal, BUT I'm smart enough to know that chasing that last $5 will cost me $50.
     
  9. Gam3rBlake

    Gam3rBlake Well-Known Member

    I’ve always wished the US Mint would do 1/10, 1/4 and 1/2 oz Gold Buffalos. The 1 oz is .9999 fine.

    If Britain, Canada, Australia and even little Austria can do fractional gold then the US Mint definitely should be able too.
     
    Last edited: Aug 13, 2021
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  10. runninghorse1

    runninghorse1 Member

    Paid $11 each for 5 Franklin halves recently from a flea market seller because I was determined to "fill a tube." This was in late June, early July when melt value was between $9.40 and $9.60 each. Have been buying a few 5 gram gold bars to add to the stack while I keep on working on paying down all bills and praying that the world does become more stable / "normal".
     
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  11. Gam3rBlake

    Gam3rBlake Well-Known Member

    So did you just buy those for the silver though?

    Or were they like BU Franklins with some numismatic value too?

    I have some 40% & 90% JFK halves but I have no idea what to do with them :/.

    Found them when I bought $150 in halves for coin roll searching.

    1826C3F1-C4D5-466C-9DAD-92FF83B6C5F7.jpeg
     
  12. runninghorse1

    runninghorse1 Member

    just bought them for the silver content. Not BU. I'd say that you got really lucky with your coin roll hunting efforts! I'd put these in tubes and stack them away for safe keeping. Possibly they will be useful in "off the grid" commerce, barter, or just trade them in to a LCS towards the purchase of a numismatic item that you collect!
     
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  13. Gam3rBlake

    Gam3rBlake Well-Known Member

    Yeah surprisingly the bank teller said they were all brought in by the same man so I asked to buy every roll he bought in and they were ALL silver. Not a single non-silver one in the lot.

    I’m running out of room in my safe since I bought the 1 kilo silver Queen’s Beast so I was thinking of doing a trade for gold since gold allows me to store a very high value of precious metal in a very small space.

    A single 1 oz American Gold Eagle is about equal to 2 kilograms of silver but can fit easily in a capsule.
     
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  14. terky

    terky Active Member

    Well I love Australia, I taught school in QLD. in the mid 70-late 70's.
     
  15. rte

    rte Well-Known Member

    Keeping in mind, a small safe can be picked up and or carted off.
    Secure or hide it wisely.
    Depending upon your surroundings, a larger safe may be the ticket...or 2 or 4 etc.
     
  16. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    ......or securing the small safe to your concrete foundation or to a wall and framed floor.
     
  17. rte

    rte Well-Known Member

    Keep your safe in a safe :D
    Like this random picture on the internet :p
    Resized_20210807_142209_87201905034355.jpeg
     
  18. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    That's done for a very specific reason. If the intruder was really persistent and got into the big, heavy, steel, combination safe, the owner wanted to let them know that they really really don't want them to break into the key locked safe! :banghead:
     
  19. ZoidMeister

    ZoidMeister Hamlet Squire of Tomfoolery . . . . .


    This should be the "mascot round" for this thread . . . . .

    Z




    IMG_2446.JPG


     
  20. Garlicus

    Garlicus Debt is dumb, cash is king.

    Nice!!
    What does the reverse look like?
     
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  21. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I just added this one, a snipers tale
     
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