Discussion in 'Bullion Investing' started by RaceBannon, Apr 9, 2011.
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7 Maria Theresa's and a partrige in a pear tree. :smile
Panamian hockey puck !!! :devil:
At this point, I was deciding to get it but I was not sure yet because, from what I have seen in the past, these Lunars usually have high premiums over spot silver and I was not sure how much he was asking for it. I asked him how much he wanted for it. When he told me, I was surprised when he told me that he was asking $40 for it. At that point, I told him that I was going to buy it. Even though he was asking $40.00 for it, I ended up paying a total price of $43.70 for it because of a sales tax. Spot silver closed today at $40.66/oz (Kitco Quote). Since this dealer was located in Tennessee, a sales tax was applied to this purchase. Despite the sales tax, I still thought this was a good price for an NGC MS-69 slabbed Lunar Snake silver coin.
It is very rare that I buy 1-oz gov't minted silver coins because I am a silver art bar collector and I usually buy 1-oz silver art bars. This is the only slabbed bullion coin that I have in my silver stack. I like this coin a lot. Here is what it looks like. Sorry for the small picture but I had to upload it in the forum because photobucket is offline.
Beautiful snake BTW.
I think most posters on this thread have their bullion well protected, I know I do.
By the way...Peace to you brother.
ftr, I was being sarcastic...
Now how can anyone argue with that?
That was the only silver that I picked up this week at the local dealer. So far this week, I did not find any silver art bars that were on my "wish list" when I went to several local coin dealers this week. Most of the local coin dealers were saying that they are not able to keep silver in stock because a lot of people are buying it up as soon as they get it. Silver is in such high demand here in my local area and I do not think that this will change anytime soon since silver is continuing to rise. I am surprised that I was able to snag the graded Lunar Snake for such an excellent price from a local coin dealer.
Ripley, these are my favorites! They are beautiful, and I'm hoping to acquire one soon, if it comes in.. Very pretty coins. A very nice collection you have.
Appeals to me as a saver AND a collector. :thumb:
Claygump, Beautiful commemeratives. Are those the 5 oz. ATB's I've been herein' about? Wasn't much interested in them til I saw yours. WOW!
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