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<p>[QUOTE="SilverSurfer, post: 1034298, member: 21603"]If you want the physical silver, and you want it immediately, any local coin shop should have some bullion for you to buy. I can explain silver better than gold, because that's what I mostly invest in. I agree that ASE are a good way to start. I recommend buying a whole roll of ASE that come in a tube of 20. The dealer will charge you a premium on each coin you buy. A good premium at this time is $2.50 or less. So, with silver at $27.30 and the premium, the tube will cost you around $600. If you buy less coins that a whole roll, they usually cost more (have a higher premium ~$3.00) and will be harder to store, without the tube.</p><p><br /></p><p>If 20 ounces of silver ($600) is too much for you at this time, another good way to invest is in junk silver coins (any dime, quarter or half dollar dated 1964 or earlier). When asking to buy these, ask for the coin type and state you want bullion. "Do you have any Franklin half dollars bullion style?" I recommend buying at least $10 face value. So, 20 Franklin half dollars makes $10 face. $10 face value has 7.26 ounces of silver and usually sells for a few percentage over spot. 7.26X$27.30X1.02=~$200, or 1/3 the cost of the ASEs.</p><p><br /></p><p>SELLING. When you go to sell the ASE, you will most likely get either spot or a few percentage less. $27.30X.98=$26.75. So, at current prices you can expect to buy ASE for $30 and sell them for $26.75. </p><p><br /></p><p>When you go to sell your junk silver (pre '65), you will most likely get around 90% spot for it. 7.26X27.30x.90=$178. So, at current prices you can expect to buy $10 face for $202 and sell it for $178.</p><p><br /></p><p>You might be able to get better percentages then what I have given, but the numbers I've given are typical. For instance, you can get better percentages on line than from a coin dealer, but then you have to have an account and have it mailed.</p><p><br /></p><p>The price difference between the buy and sell means you will have to wait for silver to rise about $3-$4 before you make any profit at all, hence, this is a long term investment.[/QUOTE]</p><p><br /></p>
[QUOTE="SilverSurfer, post: 1034298, member: 21603"]If you want the physical silver, and you want it immediately, any local coin shop should have some bullion for you to buy. I can explain silver better than gold, because that's what I mostly invest in. I agree that ASE are a good way to start. I recommend buying a whole roll of ASE that come in a tube of 20. The dealer will charge you a premium on each coin you buy. A good premium at this time is $2.50 or less. So, with silver at $27.30 and the premium, the tube will cost you around $600. If you buy less coins that a whole roll, they usually cost more (have a higher premium ~$3.00) and will be harder to store, without the tube. If 20 ounces of silver ($600) is too much for you at this time, another good way to invest is in junk silver coins (any dime, quarter or half dollar dated 1964 or earlier). When asking to buy these, ask for the coin type and state you want bullion. "Do you have any Franklin half dollars bullion style?" I recommend buying at least $10 face value. So, 20 Franklin half dollars makes $10 face. $10 face value has 7.26 ounces of silver and usually sells for a few percentage over spot. 7.26X$27.30X1.02=~$200, or 1/3 the cost of the ASEs. SELLING. When you go to sell the ASE, you will most likely get either spot or a few percentage less. $27.30X.98=$26.75. So, at current prices you can expect to buy ASE for $30 and sell them for $26.75. When you go to sell your junk silver (pre '65), you will most likely get around 90% spot for it. 7.26X27.30x.90=$178. So, at current prices you can expect to buy $10 face for $202 and sell it for $178. You might be able to get better percentages then what I have given, but the numbers I've given are typical. For instance, you can get better percentages on line than from a coin dealer, but then you have to have an account and have it mailed. The price difference between the buy and sell means you will have to wait for silver to rise about $3-$4 before you make any profit at all, hence, this is a long term investment.[/QUOTE]
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