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<p>[QUOTE="Cloudsweeper99, post: 123426, member: 3011"]One additional point I'd like to make about silver coins as investments....</p><p><br /></p><p>Part of the process is to understand that buying and selling silver coins is sort of an arbitrage process. You want to buy them at a place and time where/when they are cheap, and sell them at a place and time where/when they are dear. If you buy and sell the same coin from the same dealer on the same day, the bid/ask spread will obviously make this a losing transaction, as others have pointed out. But if you hold the coins a few years, there is the chance [but never the guarantee] that they will go up in price enough to offset the spread. Or the spread will decrease. Or if you find a way to buy them below melt value [similar to what dealers often can do], it may be possible to sell them above melt at a flea market, through Ebay, by becomming a dealer yourself, or at a time in the future when silver coins might be more highly valued than they are now. This obviously takes a little patience, work, creativity and luck; but that's what is required to "invest" in silver coins. I also don't think that knowing exactly how you will sell the coins has to be determined at the time you buy the coins. If you buy well, and are patient, eventually the marketplace will enable you to sell well. People sometimes get into a fixed mindset that the way things are now is the way they will always be. That isn't necessarily true. So look for bargains and have some fun.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 123426, member: 3011"]One additional point I'd like to make about silver coins as investments.... Part of the process is to understand that buying and selling silver coins is sort of an arbitrage process. You want to buy them at a place and time where/when they are cheap, and sell them at a place and time where/when they are dear. If you buy and sell the same coin from the same dealer on the same day, the bid/ask spread will obviously make this a losing transaction, as others have pointed out. But if you hold the coins a few years, there is the chance [but never the guarantee] that they will go up in price enough to offset the spread. Or the spread will decrease. Or if you find a way to buy them below melt value [similar to what dealers often can do], it may be possible to sell them above melt at a flea market, through Ebay, by becomming a dealer yourself, or at a time in the future when silver coins might be more highly valued than they are now. This obviously takes a little patience, work, creativity and luck; but that's what is required to "invest" in silver coins. I also don't think that knowing exactly how you will sell the coins has to be determined at the time you buy the coins. If you buy well, and are patient, eventually the marketplace will enable you to sell well. People sometimes get into a fixed mindset that the way things are now is the way they will always be. That isn't necessarily true. So look for bargains and have some fun.[/QUOTE]
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