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Do you buy 1oz silver based on spot chart or retail?
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<p>[QUOTE="1970 Silver Art, post: 992144, member: 18828"]When I go to my main local dealer to buy 1-oz silver art bars, I will pay between $1.00 to $1.50 over spot for them since my local dealer treats (and prices) silver art bars as .999 generic bullion. When I go to a coin show, I will pay a premium ranging from spot to as much as $2.50 over spot for silver art bars. Buying local is generally cheaper than buying online since you do not have to pay shipping. </p><p><br /></p><p>The only other thing to watch out for when buying bullion locally is the sales tax rate in your state (if there is a sales tax in the state where you are buying PM's from). If you live in a state that charges a sales tax on bullion and you live close enough to another state that does not charge a sales tax on bullion, then you should go to that state that does not charge a sales tax on bullion to buy silver. Do this only if it you are close enough to that neighboring state. If you live too far away, then it is not worth the gas expense.[/QUOTE]</p><p><br /></p>
[QUOTE="1970 Silver Art, post: 992144, member: 18828"]When I go to my main local dealer to buy 1-oz silver art bars, I will pay between $1.00 to $1.50 over spot for them since my local dealer treats (and prices) silver art bars as .999 generic bullion. When I go to a coin show, I will pay a premium ranging from spot to as much as $2.50 over spot for silver art bars. Buying local is generally cheaper than buying online since you do not have to pay shipping. The only other thing to watch out for when buying bullion locally is the sales tax rate in your state (if there is a sales tax in the state where you are buying PM's from). If you live in a state that charges a sales tax on bullion and you live close enough to another state that does not charge a sales tax on bullion, then you should go to that state that does not charge a sales tax on bullion to buy silver. Do this only if it you are close enough to that neighboring state. If you live too far away, then it is not worth the gas expense.[/QUOTE]
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