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<p>[QUOTE="1970 Silver Art, post: 905709, member: 18828"]When you sell silver art bars to a dealer, you will get only the metal value (minus a discount) regardless of "rarity" values. The local coin dealer is not going to care if what is on the art bar or its "rarity" value. The only thing that the dealer is going to care about is the silver content. If a person wanted to sell silver art bars, then ebay is the best option because collectors are willing to pay a much larger premium over spot silver. </p><p> </p><p>With that said, most local dealers, will put their silver art bars in the same bucket as their generic .999 silver rounds and they will price their silver art bars at the same premium as their .999 generic silver rounds. If you can buy from a local dealer, then that is the best option because you can save on premiums as opposed to buying on ebay or anywhere else online. </p><p> </p><p>Why pay $5-$6 over spot for a "common" 1-oz silver art bar when a person can get it ,for example, for $1.50 (or better) over spot? Buy locally (if you can at a decent premium). </p><p> </p><p>This is how I buy silver art bars and that was been a very good method for me to save on premiums. </p><p> </p><p>However, there are certain silver art bars that are hard to find locally because of relative scarcity as compared to other types of silver and sometimes if a local dealer recognizes that, then they will price them accordingly but if you are familiar with certain silver art bars, then you can recognize if it is a good deal or not <u>ONLY IF</u> you know what you are buying. I have said in my previous post on this thread to avoid local dealers who price their silver art bars higher than their .999 generic silver and that is a good idea <u>ONLY IF</u> you do not know what you are buying. </p><p> </p><p>I will use myself as an example of what I am talking about.........</p><p> </p><p>I like to collect '70's silver art bars in general and I especially like to collect the Coca-Cola silver art bars. Earlier this year I was able to buy several Coca-Coca silver art bars from a local dealer for $25.00 each when spot was in $16's range. On an absolute basis, that is a high premium over spot silver, however, on a relative basis, that is a very good deal because on ebay, those same Coca-Cola silver art bars that I bought from the local dealer for $25.00, cost anywhere between $35 to $100 on ebay. I saved between $10 to $75 on "collector" premiums. I also wanted to say that it took patience to wait for some Coke bars to show up locally at a good price. Since I started collecting silver art bars in August 2008, the highest price that I paid for a Coke bar was $31.00 and the lowest price that I paid for a Coke bar was $17 (spot silver was in the $13 range at that time). </p><p> </p><p>My main point here is that doing research on particular silver art bars that you are interested in collecting will go a long way in avoiding overpaying on certain silver art bars. My research involves looking at ebay prices for certain art bars and reading my guidebooks to become familiar with certain silver art bars. </p><p> </p><p>I have also bought some art bars on ebay in the past but not much because good deals on silver art bars are very hard to come by on ebay. </p><p> </p><p>DYODD = Due Your Own Due Diligence.[/QUOTE]</p><p><br /></p>
[QUOTE="1970 Silver Art, post: 905709, member: 18828"]When you sell silver art bars to a dealer, you will get only the metal value (minus a discount) regardless of "rarity" values. The local coin dealer is not going to care if what is on the art bar or its "rarity" value. The only thing that the dealer is going to care about is the silver content. If a person wanted to sell silver art bars, then ebay is the best option because collectors are willing to pay a much larger premium over spot silver. With that said, most local dealers, will put their silver art bars in the same bucket as their generic .999 silver rounds and they will price their silver art bars at the same premium as their .999 generic silver rounds. If you can buy from a local dealer, then that is the best option because you can save on premiums as opposed to buying on ebay or anywhere else online. Why pay $5-$6 over spot for a "common" 1-oz silver art bar when a person can get it ,for example, for $1.50 (or better) over spot? Buy locally (if you can at a decent premium). This is how I buy silver art bars and that was been a very good method for me to save on premiums. However, there are certain silver art bars that are hard to find locally because of relative scarcity as compared to other types of silver and sometimes if a local dealer recognizes that, then they will price them accordingly but if you are familiar with certain silver art bars, then you can recognize if it is a good deal or not [U]ONLY IF[/U] you know what you are buying. I have said in my previous post on this thread to avoid local dealers who price their silver art bars higher than their .999 generic silver and that is a good idea [U]ONLY IF[/U] you do not know what you are buying. I will use myself as an example of what I am talking about......... I like to collect '70's silver art bars in general and I especially like to collect the Coca-Cola silver art bars. Earlier this year I was able to buy several Coca-Coca silver art bars from a local dealer for $25.00 each when spot was in $16's range. On an absolute basis, that is a high premium over spot silver, however, on a relative basis, that is a very good deal because on ebay, those same Coca-Cola silver art bars that I bought from the local dealer for $25.00, cost anywhere between $35 to $100 on ebay. I saved between $10 to $75 on "collector" premiums. I also wanted to say that it took patience to wait for some Coke bars to show up locally at a good price. Since I started collecting silver art bars in August 2008, the highest price that I paid for a Coke bar was $31.00 and the lowest price that I paid for a Coke bar was $17 (spot silver was in the $13 range at that time). My main point here is that doing research on particular silver art bars that you are interested in collecting will go a long way in avoiding overpaying on certain silver art bars. My research involves looking at ebay prices for certain art bars and reading my guidebooks to become familiar with certain silver art bars. I have also bought some art bars on ebay in the past but not much because good deals on silver art bars are very hard to come by on ebay. DYODD = Due Your Own Due Diligence.[/QUOTE]
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