Message:

<p>[QUOTE=&quot;cphine, post: 757784, member: 20940&quot;]Welcome to the wonderful (and sometimes frustrating!) world of precious metals investing!</p><p>&nbsp;</p><p>Ditto what everyone else has said thusfar.</p><p>&nbsp;</p><p>Regarding what to buy, it really is personal preference. Silver Eagles will have the highest premium, but will also probably be the easiest to sell and will always be worth at least a dollar (because they&#039;re coins!). </p><p>&nbsp;</p><p>Generic bars/rounds have less of a premium, and the larger the bar the smaller the premium. Englehard and Johnson-Matthey are the standard bearers in this dept and will have a higher premium than any other generic bullion. I prefer rounds to bars, though bar storage is easier. When it comes to selling, I also prefer smaller sizes because your perspective selling audience is greater. With a 100 oz bar, you need to find one person willing to spend $1800 (or so). With 100 1 oz rounds, it can be broken up amongst many buyers.</p><p>&nbsp;</p><p>Junk silver is great. I&#039;ve been roll searching from banks for months and have found about $100 face value of silver coins. I think the pickings are getting slimmer by the day though! </p><p>For selling it, please, please, please stay off of craigslist, etc. I&#039;m getting frustrated by the out and out fraud taking place there. People buying at &quot;10 times face value!&quot; and calling it a great deal. Sad really.</p><p>&nbsp;</p><p>Check out <a href="http://www.coinflation.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinflation.com/" rel="nofollow">http://www.coinflation.com/</a> for what the pricing actually comes to via the silver content of various coins. Junk will usually sell at around spot or even under if you catch it at a good time. 90% has a higher premium than 40%. (Or should I say 90% sells at a greater price per ounce than 40%...neither really has a premium)</p><p>&nbsp;</p><p>Check reputable local coin stores prices first. What may seem like a slightly higher price than you see on the Internet can be justified depending on the size of your purchase due to shipping and handling fees. Small orders will kill you in shipping charges. Plus, always good to support your local coin store and local economy. </p><p>&nbsp;</p><p>If there are none available, I love bulliondirect.com (their Nucleo trade is a live market) and you can store your purchases until ready for shipment. Also, Apmex.com and Kitco.com are highly reputable and will give you tremendous value.</p><p>&nbsp;</p><p>feEbay if you can find a steal, or utilize the Bing.com cashback 8% to make it a good deal. </p><p>&nbsp;</p><p>Thats some food for thought. I haven&#039;t been doing this long myself, just keep reading and researching and asking questions. That&#039;s how to learn!</p><p>&nbsp;</p><p>Good luck with the snow. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>&nbsp;</p><p>~Christian[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in