Buying Canadian Silver 1.5 oz. Snow Falcon

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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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.

 

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

 

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.

 

Premium is too high.

But item is much cheaper at all the big bullion places (Apmex, Provident, etc.).
It is cheapest (just over $32) at JM Bullion.
https://www.jmbullion.com/2016-1-5-oz-canadian-silver-falcon-coin/
https://www.apmex.com/product/96416/2016-canada-1-5-oz-silver-8-white-falcon-bu
https://www.providentmetals.com/2016-1-5-oz-silver-snow-falcon-royal-canadian-mint.html

 

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