Questions about US Silver Eagles . . .
 

I don't live in the US but for some physical silver I am seriously thinking about getting some US Silver Eagles. Maybe two new US mint boxes with 500 coins in each. I've seen them priced about $8,000 apiece. They seem to be the only silver coins that can be purchased in bulk and come sealed from the US Mint. If I could find a similar deal on Candian Silver Maples that would be great as well.

A couple of questions though . . .

Are they a reasonable way to get some pure silver (and non-gold WTSHTF money) without buying bars?

I'm not a coin collector so are there better, cheaper coins (deals) out there?

I've read the odd horror story about non-delivery of coins from some dealers - any one recommend a time-tested, true and solid dealer?

All thoughts much appreciated?

Re: Questions about US Silver Eagles . . .
 

You can get what you want here. Gold bullion, Krugerrands, American Gold Eagles, Canadian Maple Leafs, silver bars, 90% silver bags at www.golddealer.com | A...

Highly reputable. Get the Maples:bull-buddy-icon:

Re: Questions about US Silver Eagles . . .
 

Thanks BJ, this looks like a great dealer . . . why do you prefer Maples over Eagles? Just curious.

Re: Questions about US Silver Eagles . . .
 

I believe you can get monster boxes (500) of Maples from the Canadian Mint too ... but the box is red.

ASEs and Maples are a fine way to buy silver - although I would try to pay $1 over spot or less per coin. I slightly prefer ASEs to Maples, but some feel otherwise. I tend to see ASE prices a bit higher than Maples, so at the same price, I buy ASEs. But if the Maples are cheaper, I buy those.

If you're just looking for the most silver for the least money, 1 oz rounds and 10 oz bars are hard to beat - you can often get those very close to spot. But they won't come in pretty boxes sealed from the mint.

PS: CNI is a good dealer.

Re: Questions about US Silver Eagles . . .
 

Bought my box last year from monex. http://www.monex.com

Quick shipper, excellent prices but you have to buy a box of SAEs or 200 Maples at a time. I wired money to them to expedite the process.

The Great Ag

Re: Questions about US Silver Eagles . . .
 

ASE monster boxes are my favorite physical silver. The whole presentation is top quality and worth the premium if you can swing it.

Re: Questions about US Silver Eagles . . .
 

Thanks all for all the great advice.

Re: Questions about US Silver Eagles . . .
 

Why the hell do you have to call them!?! It's just as easy to do it by internet. I don't need to talk to some idiot on the phone, I just want to order. That's what I like about about Apmex.

Re: Questions about US Silver Eagles . . .
 

Hey Hugo, so are you saying that you get Apmex to ship PM's OS and you do it all over the net? That would be perfect for me.

Re: Questions about US Silver Eagles . . .
 

I am in Korea. I order by internet and have them delivered to a trusted person in Ohio. I have been doing so for years. Not once have I had to call and I have been ordering between $1.5-2k/month like clockwork. Once in a while I use a credit card, but mostly checks. It takes a bit longer to verify the funds on the check, but I'm in no hurry. Never had a problem with them at all.

They do send overseas, but it costs lots more unless you have an APO address, I don't. That's why it goes to Ohio.

Re: Questions about US Silver Eagles . . .
 

That's a LOT of Eagles, how are you gonna get 'em out of there . . .

I was thinking of using Mailbox.biz. as a forwarding agent. Or alternately I have a friend in Atlanta who would do it. I spoke to a guy at CNI today and he quoted me $7,565 for a box of 500 2007 Eagles. They had no boxed Maples. I think I'll go ahead and order some tomorrow - 35lbs though, I'm sure airfreight won't be too cheap.

Thanks for the info.

Re: Questions about US Silver Eagles . . .
 

Check . . . thats pretty much what I'm planning to do.

Re: Questions about US Silver Eagles . . .
 

or you can offer $7K for this lot and hope it happens.
http://cgi.ebay.com/SPECIAL-OPEN-BOX...QQcmdZViewItem

i bought my last box from them and then you can do credit card/paypal and have international shipping too.

Re: Questions about US Silver Eagles . . .
 

OMG . . . that's amazing. Pay your money - take your chances though . . . do you think?

Re: Questions about US Silver Eagles . . .
 

I'd probably go for it if I still lived in Atlanta but I don't. I like the still mint-sealed idea for a long distance, transcontinental delivery. Probably pass but someone else stateside should have a shot for sure.

Re: Questions about US Silver Eagles . . .
 

Hmmm. . . OS delivery is proving problematic. FedEx and DHL won't carry bullion coins ie: money. The USPS will send them insured and everything - but the trick is finding a reputable dealer who will ship OS. I spoke to nice guy (Gary) at Monex and he's checking to see what they can do, CNI wasn't too helpful.

Anyone got a sure answer on this problem?

Re: Questions about US Silver Eagles . . .
 

Aussie, I don't know if these firms will ship OS, but they are both reputable dealers...give them call.

http://certifiedmint.com/about.htm

http://www.scpm.com/goldsilverbullion.php

Re: Questions about US Silver Eagles . . .
 

Thanks - I'll check 'em both out :-)

Re: Questions about US Silver Eagles . . .
 

Anyone dealt with Barry Stuppler & Co . . . ? He will ship USPS overseas.

http://www.stuppler.com

Re: Questions about US Silver Eagles . . .
 

I don't know if APMEX ships overseas but I bought a monster box of SAE from them and it went down super easy. They came USPS Registered Mail and I had everything within 2 weeks.

Personally I like the SAE's better. Yeah you pay a premium for them, but you get that premium back when you sell them, especially if it's still a sealed box. And if TSHTF and I have to trade joe six pack a few ounces for a shovel or something, I figure SAE's will need the least amount of "convincing" that they are legitimate silver coins since they're from a US mint. Canadian silver maples would be right under that for me, but I can just picture people being more skeptical about them.

Re: Questions about US Silver Eagles . . .
 

Thanks Malthus, I'm still trying to get some. Waiting to hear back from a couple of dealers who may ship USPS OS :-)

Re: Questions about US Silver Eagles . . .
 

I've never heard of this firm, but that doesn't mean anything. My advise would be to contact the Better Business Bureau in the city the business is located...that should give you a good indication of past issues.

Re: Questions about US Silver Eagles . . .
 

Try to pm Joe the Jeweler. He could find out for you I would think.

Re: Questions about US Silver Eagles . . .
 

Thanks lhslancers, I'll give him a try. I am anxious to try and get this ball rolling.

Re: Questions about US Silver Eagles . . .
 

Aussie,

I'd go with having the friend in Atl do it for you. Like you said, the USPS will ship insured and everything. Seems the best way for me, that way all you have to pay is shipping to you. Buy from APMEX have them send to your friend, have said friend send to you. Also, if buying in Aus is so hard, if you can afford it, buy another box and flip it in Aus!

Re: Questions about US Silver Eagles . . .
 

Yeah, the dealer I spoke with today in CA who was interested yesterday, was suddenly very iffy about sending today. Another guy I spoke with at Monex said that there may be a problem delivering them to someone other than me . . . he said it all had to setup right . . . I initiate the order, I make the wire transfer, I have to be the reciever. Can it really be this hard . . .?

I will call Apmex.

Re: Questions about US Silver Eagles . . .
 

Got my order in today with Larry LaBorde at Silver Trading Company in Shreveport LA. Spoke to him on the phone and he made it real easy. Spelled out all the costs and will ship via FedEx, fully insured. Hopefully they will arrive without issues. If this works I think it could be the start of a good thing! US silver prices are MUCH cheaper than in my neck of the woods.

My sincere thanks to all who helped with great advice and genuine interest. This is what community is all about.

Re: Questions about US Silver Eagles . . .
 

What will the cost to ship it with FedEx be? Doesn't FedEx demand a third party insurance to ship PMs?

Re: Questions about US Silver Eagles . . .
 

Sorry I saw this thread late.

For future reference and if you want more bang for your buck, you may want to consider $1000 face value of pre '65 U.S. 90% silver coins. There are 712 to 723 ounces depending on wear.

I once got a whole bag of AU to BU '64 Kennedy's (from a local dealer).

Either way you get the most silver for your money and these coins are recognized around the world.

Check out: http://www.apmex.com/Category/17/90_...lls__Bags.aspx

Maranatha,

:smile:

Re: Questions about US Silver Eagles . . .
 

That's what he is doing. Shipped via FedEx and 3rd party insurance for 65c per ounce . . . so that's about $325. I'm happy with that.

Re: Questions about US Silver Eagles . . .
 

Nah, New Zealand Customs will charge a 12.5% tax on any coins or bullion that are less than .999. I ain't payin' that.

Re: Questions about US Silver Eagles . . .
 

Yikes!

Maranatha,

:smile:

Re: Questions about US Silver Eagles . . .
 

Really? I find this somewhat hard to believe....

Re: Questions about US Silver Eagles . . .
 

Silver coins of any country actually tend to stand out.

You know how the FBI/Treasury learn to spot phony $100 bills?

They spend many hours studying the real thing.

Same with silver. Those of us that grew up with silver money or just folks that have been studying and collecting silver know it when they see it.

Also with the advent of the TWA Constellation passenger plane in post W.W.II, Americans flew all over the World. They had silver money in their pockets.

Just as I have recognized British, Austrian, Australian, Portuguese, Spanish and many other coins of gold and silver from other countries. I'm sure they all can do the same.

After all, I'm no nuclear surgeon.

Maranatha,

:smile:

Re: Questions about US Silver Eagles . . .
 

Yes, but few if any countries have issued silver coinage during the last 30 or 40 years, and the remaining old silver coinage was removed from circulation in the early eighties, so the majority of the world population has no experience of silver coins whatsoever. So at present I don't think that you would be able to use US 90% coinage anywhere in the world. This may of course change, e.g. after a fiat meltdown.

People around the world that came in contact with US silver coinage after WWII and until the late sixties are mostly dead by now, BTW.

Re: Questions about US Silver Eagles . . .
 

Yes, it's call GST (goods and services tax) same as VAT in the UK. Pure gold and silver are exempt from GST - has to be .999.

Re: Questions about US Silver Eagles . . .
 

My "...hard to believe" was a comment on the statement about the universal recognizability of US 90% silver coins, not NZ VAT:D.

The EU also has VAT on silver (but not on gold, fortunately). The VAT on silver bars is 17-22% (the general VAT rate) depending on country, but my latest, as yet unconfirmed, information is that the VAT on silver coins is only 7% (at least in the UK).

Re: Questions about US Silver Eagles . . .
 

Ooouch! Best to get all I can before something changes down here.

Re: Questions about US Silver Eagles . . .
 

Was in New Zealand this year - DONE EATIN'; Christ Church, Tauranga, Auckland, & the waterfalls in the South on a cruise ship.

Nice place. At the airport they wanted to charge an extra $600 for the overhead airplane carry-on. It was the same one we used flying in on United; United had Air New Zealand take the ball and they were a TAD strange.

We worked it out after they took my TWO - $20 a bottle wine from Australia AWAY! I think they drink it for lunch!

Re: Questions about US Silver Eagles . . .
 

Well how do you get on with import duty,i can understand the no gst ruling,but are'nt you limited in the amount of imports to bring in,then there is the question of a customs agent to clear your parcel,i know here in Autralia we can only get $1000 in which includes the postage

Re: Questions about US Silver Eagles . . .
 

Well I don't know about Australian customs - haven't lived there a little while. I have imported all sorts of different things from cameras, computers, software etc. worth several thousand dollars into NZ, paid GST and that's all. In this case for PM's there is no GST. I spoke with Customs, all they are concerned about is whether the metals are .999.

Re: Questions about US Silver Eagles . . .
 

The Silver Eagles are a better way to hold silver than just bars. With bars you always can run into having to get them assayed when you decide to sell them. Another thing owning the coin allows you are the legal tender status and the numismatic value that might accompany it in the future. Look how much 1996 American Silver Eagles have gone up.

There are cheaper ways to own Silver out there but cheaper is not always better. You could go with rounds, but they are not legal tender. So it�s better to pay a few dollars more to get coins that have more than one way to perform.

I�m with a company called Millennium Metals; we have been talked about on this site so I thought I would check it out. You are more than welcome to give us a call or go to our website at www.millenniummetals.net. We would gladly help you make sense of what you want to do.

Re: Questions about US Silver Eagles . . .
 

Thanks Platinum, I have 500 ASE's arriving Tuesday and will likely order more - probably Silver Maples actually. So I'm quite pleased with the way this has all worked out. Thanks to all who contributed and helped me in this process :-)

Re: Questions about US Silver Eagles . . .
 

It's PAYDAY . . . the ASE monster box arrived in New Zealand today, no taxes, duties or hassles.

Thought I'd share a few pics. Special thanks to Larry at Silver Trading Co. in Shreveport LA for making it possible - send him some business. Big thanks to all you GIMer's who contributed to this thread.

Re: Questions about US Silver Eagles . . .
 

How the heck does he make it look so light?

My box of 500 eagles weighs a ton.......I can lift it but not walk far with it! *l*

Re: Questions about US Silver Eagles . . .
 

LANKY young punk like you!!! :D