Loving my LCS

Discussion in 'Bullion Investing' started by alucard86, Apr 26, 2017.

  1. alucard86

    alucard86 Active Member

    Today I picked up a UNC close to BU 1985 Mexican Onza/Libertad for $0.90 over spot ($18.50 - silver was 17.60 ask). They know Libertads carry $4-5 over spot premiums. I guess b/c I'm a frequent buyer from them he likes to help me out. Also picked up some silver maple leafs for the same price as the 1 Onza. And a few BU '64 Kennedys for $7 each.
     
    ddddd, tommyc03, dwhiz and 1 other person like this.
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  3. Congrats that's a decent deal. TC
     
  4. goldcollector

    goldcollector Member

    Dont kid yourself. He isn't giving you a deal just because you have a special bond. Its business. Silver inventories are massive and for all the big silver talk its not selling at $19. Premiums are non existent everywhere. Still that's a good deal you got if you like the coin. I think its a bumpy road ahead for gold and silver. Especially silver.
     
    Santinidollar likes this.
  5. ddddd

    ddddd Member

    That is a good price! The only Libertad that I purchased from an LCS was a toned 1992 and it was $2 over spot (very fair for the color).
     
  6. FryDaddyJr

    FryDaddyJr Junior Member

    Onzas are just junk silver compared to Libertads
     
  7. sakata

    sakata Devil's Advocate

    You are lucky to have such a store. The only two LCS close to me (both over two hours away) are run by surly guys who have no interest in you if you don't want to buy Morgans.
     
  8. FryDaddyJr

    FryDaddyJr Junior Member


    as bullion??
     
  9. Jason Hoffpauir

    Jason Hoffpauir World Coin Collector

    Onza's junk = LOL. Anything that has silver in it is NOT junk IMHO.
     
  10. Aquahollic

    Aquahollic ֍ E Pluribus Unum ֎

    He said junk silver not junk.
     
  11. myownprivy

    myownprivy Well-Known Member

    Me too.

    It's great to support local coin shops and come into contact with other people in the hobby. I'd hate living in an area where I couldn't have real interaction with other coin people and bullion investors.

    I have many dealers around but prefer one in particular. The main reason is pre-64 silver US coins are often sold for right around spot. However, government bullion coins are pricier than buying online.

    You've got to do what you can and buy where it's cheapest. Sometimes that's online, sometimes it's in person.
     
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