I agree. It helps to buy things cheaper, like cents on the dollar then resell. Lots of people doing just that. One thing I learned as a young buck...if you buy it RIGHT you can sell it RIGHT QUICK
The catch -- one catch, anyhow -- is finding a way to "buy right" that isn't ripping off the people you buy from. And that's a very slippery slope. At one end of it, even cherry-picking isn't okay.
Last pick ups. Huge premium, not a lot of money but you don't see these often. Got another ounce I'm watching that is actually low mintage of 250 and local to me. Let see where the premium cost fall on that one. Might be able to save $5 on the shipping.
The purchase I got coming in at weeks end, the premium is huge and ridiculous but its a want item not a need item, so will pay the piper on this one....LOL
My upper limit for buying silver is $16-$17/oz with $1.49-$1.79/oz premium. If it never hits those prices again, I'm set with what I've got. No need for me to chase the rabbit. I've got all the silver I need to pass down to the lucky recipients (my kids and grands).
Don't care about spot - could be $15/oz or $50/oz. What I do care about is sky high markups for minted physical silver and so I am not buying. Not selling either - will hold my collection for now.
I say I am BUT every now and then there something, but have slowed way down and on HOLD WATCHING, HOPING, focusing on the gold somewhat now...
Picked up some 5 oz generic bars and I got some Buffalo generic 1 oz rounds that I’ve seen all over the place but never bought before. Both made by Sunshine Mint who apparently supplies planchets to the US Mint itself. If it’s good enough for silver eagles it’s good enough for buffalos xD They are actually really nice! I like them! I paid $25.41/oz for them which is about $3 over current spot but I bought them on May 12th when silver was $20.91 an ounce and it’s risen a bit since then so I did pay more than $3 per ounce premium.
Yup it’s because an ASE is legal tender for $1. A silver round cannot be made legal tender for any amount as only the government itself can issue legal tender money. Mostly they do it for taxes & export reasons. In Europe for example legal tender coins are exempt from certain taxes that buyers of bars & rounds must pay.