1 oz Silver Rounds with No Private Mint ID

Discussion in 'Bullion Investing' started by Bman33, Dec 1, 2017.

  1. Bman33

    Bman33 Well-Known Member

    I am seeing good deals out there on rounds that have no private Mint Mark. I am hesitant to buy because their is no recognition of where they came from. Anyone feel the same way?
     
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  3. Bman33

    Bman33 Well-Known Member

  4. sakata

    sakata Devil's Advocate Supporter

    I'm willing to buy them but only at a lower premium.
     
    asheland likes this.
  5. Bman33

    Bman33 Well-Known Member

    $.29 over is not bad for some fresh ones.
     
  6. TheFinn

    TheFinn Well-Known Member

    Not thrilled unless I can prove who issued them. Silvertowne has the poorest designs and dies in the bullion industry, so they're not proud of them and don't want to sign them.
     
  7. Bman33

    Bman33 Well-Known Member

    Makes sense. Those are pretty ugly.
     
  8. losthomer

    losthomer Active Member

    U-G-L-Y you ain't got no alibi. Slump buster at best. Better be cheap.
     
  9. myownprivy

    myownprivy Active Member

    Why would you bother, guys?

    Why create a hassle for yourselves when it comes time to resell or trade?
     
  10. Careful. My neighbor bought 2 silver bullion coins at a flea market and they were fake. Weight test, magnet test or paper scrape for lead test. JM Bullion wouldnt sell you fakes though. I'd skip the no mint hassel altogether.
     
  11. asheland

    asheland The Silver Lion

    I'd pick them up at spot or slightly over, but only when they are cheap.
     
  12. myownprivy

    myownprivy Active Member

    I'd encourage you to take a few of those random, unmarked silver rounds to a coin shop and sell a few. Then report back with what you get paid.

    hahahahahahahahahaha
     
  13. Bman33

    Bman33 Well-Known Member

    Yeah, the point of this thread was to see who would buy these. I wouldn't but at $.29 over it crossed my mind. Is it that hard for a private mint to put some sort of mark ID on it?
     
  14. losthomer

    losthomer Active Member

    myownprivy likes this.
  15. myownprivy

    myownprivy Active Member

    Coin shops will likely still underpay for these, BUT this is a great suggestion because the average buyer you would directly sell to can verify it is real (ebay, in person, etc). So, depending on your selling plans, if you plan to go the ebay route, this is a good generic buy.
     
  16. baseball21

    baseball21 Well-Known Member

    It’s not hard at all. It’s just whether or not they want to
     
  17. ldhair

    ldhair Clean Supporter

    Fakes could be made with the same marks.
     
  18. myownprivy

    myownprivy Active Member

    What marks?

    Your language use is imprecise and you do not quote a post when responding, so what marks are you talking about? Are you talking about private mint marks? If so, yes, those could be faked.
    Are you talking about the Sunshine bars discussed in the posts above? If so, those security marks can not be as easily faked.
     
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