Buying Canadian Silver 1.5 oz. Snow Falcon

Discussion in 'Bullion Investing' started by Thorpeuser, Jun 24, 2018.

  1. Thorpeuser

    Thorpeuser Long time collector

    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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  3. Nathan401

    Nathan401 Supporter! Supporter

    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.
     
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  4. NLL

    NLL Well-Known Member

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

    Dillan The sky is the limit !

    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.
     
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  6. myownprivy

    myownprivy Active Member

  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    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 :)
     
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