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My favorite 1970's silver art bar "finds"
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<p>[QUOTE="cpm9ball, post: 903901, member: 24633"]I'm not a collector of silver art bars, but lets examine some of the specifics.</p><p> </p><p>You paid $1.50 over melt, so if silver rises to that level ($19.87), you would be at the break even point on paper. Unfortunately, most dealers would not pay you much more than 20% back of melt for them, so silver would have to rise to almost $25/oz. for you to really break even.</p><p> </p><p>Private mints like Hamilton, Danbury & Franklin have been selling these at substantial premiums for decades, and their so-called "investment spiel" is about as truthful as those you hear on Coin Vault. The fact that <b>only 10,000</b> were made is just a lot more of the garbage, and thousands of people have woken up to the harsh reality that they would never ever get their money back.</p><p> </p><p>If you are collecting them just because you like them, that's fine, but please, don't think that this is a good investment.</p><p> </p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="cpm9ball, post: 903901, member: 24633"]I'm not a collector of silver art bars, but lets examine some of the specifics. You paid $1.50 over melt, so if silver rises to that level ($19.87), you would be at the break even point on paper. Unfortunately, most dealers would not pay you much more than 20% back of melt for them, so silver would have to rise to almost $25/oz. for you to really break even. Private mints like Hamilton, Danbury & Franklin have been selling these at substantial premiums for decades, and their so-called "investment spiel" is about as truthful as those you hear on Coin Vault. The fact that [B]only 10,000[/B] were made is just a lot more of the garbage, and thousands of people have woken up to the harsh reality that they would never ever get their money back. If you are collecting them just because you like them, that's fine, but please, don't think that this is a good investment. Chris[/QUOTE]
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My favorite 1970's silver art bar "finds"
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