Silver for Xmas

Discussion in 'Bullion Investing' started by abuckmaster147, Dec 6, 2012.

  1. abuckmaster147

    abuckmaster147 Well-Known Member

    I know this probably has been discussed a million times but I would like for my upcoming B day and maybe Xmas like around $100.00 of bullion or rounds even 90% would do. My Wife is very disgusted on searching and prices and then shipping. Places want X amount for checks then X amount for Credit, But she is not sure if the check will get there and clear in time.
    So could you good folks help a gal out that does not have much for money but wants to make me happy with as much silver that she can buy for what is in her budget? Probably around $115.00
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  3. Tinpot

    Tinpot Well-Known Member

    best option for a small silver buy is probably silvertowne, they offer 1 oz bars for less than $3 over spot with free shipping and you can use a cc

    You could get (3) silvertowne 1 oz bars for less than $108 shipped currently....
  4. rockyyaknow

    rockyyaknow Well-Known Member

    I know in my area a cash for gold place sells ASE and other rounds for only $2 over spot. Also many LCS will sell close to spot on junk silver if not spot.
  5. easj3699

    easj3699 Well-Known Member

    can't go wrong supporting local business and they usually have better deals then on the internet. but a lot of dealers also only accept cash
  6. abuckmaster147

    abuckmaster147 Well-Known Member

    What is : LCS will sell close to spot on junk silver if not spot.

    Sorry for the ignorance.
  7. Tinpot

    Tinpot Well-Known Member

    90% silver U.S. coinage at spot. A dealer typically uses .715 oz of silver in $1 face value to calculate the silver content. For example if the dealer was selling 90% at spot and you wanted $5 fv here would be the calc.

    $5 fv x .715 oz of silver, 3.575 oz of silver x 33.00 (current spot) = your price $117.975
  8. easj3699

    easj3699 Well-Known Member

    local coin store lcs
  9. fatima

    fatima Junior Member

    Indeed. My recommendation is do a search for local coin shows. For small amounts it's your best choice as you don't have to pay for shipping, insurance and other fees.
  10. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    When my wife and kids ask me what I want for any occasion, I always tell them an ASE or maple leaf, and advise them to just go to the local coin store and buy it. It makes it easy on them.
  11. abuckmaster147

    abuckmaster147 Well-Known Member

    Can anyone tell me if there is a local coin store with gold folks in Central NY???
  12. rickmp

    rickmp Frequently flatulent.

    Central NY is quite a big area. You might want to narrow your search area a little bit.
    Then, too, you might want to try Type what you are looking for and your zip code into the search box. If it exists, it'll show up there.
  13. silverfool

    silverfool Active Member

    there are coin shows every month in Syracuse and Rochester where dealers set up. that might be a start. but as posted central NY is a wide area, depends on where your at.
  14. Jwt708

    Jwt708 Well-Known Member

    Absolutlely find a LCS. If you find a good one, they'll take care of you because they'll want you to keep coming back. Heck, the one I've been going to gives me a 10% discount on coins now. They sell junk silver only slightly above melt and generic rounds and "circulated" ASEs with a very small premium.
  15. Tinpot

    Tinpot Well-Known Member

    Depends what state your in as well, if your in a state that charges sale tax it will be hard for an LCS to compete with online pricing......

    Looks like you have to buy over a $1,000 worth of bullion to be exempt in New York, when you factor in gas and sales tax you are almost certainly better off buying from a good online seller

    New York

    Coins and Paper Money are Taxable, Bullion is Exempt when over $1000.
  16. eddiespin

    eddiespin Fast Eddie

    All I want for Christmas is my two front teeth.

    PS: It's an old song, kids. :)
  17. Chiefbullsit

    Chiefbullsit CRAZY HORSE

    Here be mine. I melted a 2008-W 1/4 ounce Buffalo and had my dentist make it.

    . Gold-Tooth-Cap.jpg
  18. InfleXion

    InfleXion Wealth Preserver

    For $100 you're looking at about 3 oz of silver. Not worth the shipping fees IMO. What I would do first is decide if you want generic bullion or government bullion. Then call the local coin shops in your area and price check. You should be able to get eagles and maples for $3-4 over spot, and generic for $1-2 over spot. Shops in my area tend to be on the high end of those numbers. For generic, sometimes you can find neat Christmas bars on the cheap.
  19. InfleXion

    InfleXion Wealth Preserver

    I actually found some eagles for $2 over spot today, tarnished or scuffy, but I was happy to take them home :)
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