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Should I buy silver coins at melt value?
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<p>[QUOTE="tradernick, post: 2529644, member: 648"]Guys keep in mind premiums have fallen lately. Paying melt for 90% is a good deal, yes...but not a steal. I've sold this week in the shop in $100 increments at melt but that's in the shop. No fees or shipping expense, just over the counter. Several months ago I was paying $1 over and selling for $2 over. I should point out that's "in-house prices", if I have to buy from another dealer or wholesaler my cost would be higher. So buying it at melt is attractive, in the hopes that the premiums may move upward again soon. The only problem is that spot might move down in the near term and melt might be way less than what it is now. Today is a good example of that. So for the long term outlook, I'd say yes, buying silver at melt is generally safe. If you're buying to try and resell it next week...well that can be difficult. Hope this helps![/QUOTE]</p><p><br /></p>
[QUOTE="tradernick, post: 2529644, member: 648"]Guys keep in mind premiums have fallen lately. Paying melt for 90% is a good deal, yes...but not a steal. I've sold this week in the shop in $100 increments at melt but that's in the shop. No fees or shipping expense, just over the counter. Several months ago I was paying $1 over and selling for $2 over. I should point out that's "in-house prices", if I have to buy from another dealer or wholesaler my cost would be higher. So buying it at melt is attractive, in the hopes that the premiums may move upward again soon. The only problem is that spot might move down in the near term and melt might be way less than what it is now. Today is a good example of that. So for the long term outlook, I'd say yes, buying silver at melt is generally safe. If you're buying to try and resell it next week...well that can be difficult. Hope this helps![/QUOTE]
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