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-   -   Where to buy silver? (http://goldismoney.info/forums/showthread.php?t=313715)

renegade_01 10-17-2008 03:49 PM

Where to buy silver?
 
Found a guy on ebay that has rolls of 20 Silver 1oz eagles for 400$ OUCH! That is a hefty price compared to spot.

I need guidance. Mentor me. :10_1_19:

CoinHunter53562 10-17-2008 03:51 PM

Re: Where to buy silver?
 
Have you tried Bulliondirect.com? Plenty of ASE's on there but still looking at $16.45 each or more.

By the way, spot is a joke and is the paper price.

HistoryStudent 10-17-2008 04:11 PM

Re: Where to buy silver?
 
APMEX

CNI


do google search:yes:

Drumblebum 10-17-2008 04:14 PM

Re: Where to buy silver?
 
Sun City Coin in Sun City CA... has boatloads of SAEs, call for price...

(You asked! :biggrin:)

AlwaysWrite 10-17-2008 04:20 PM

Re: Where to buy silver?
 
Ignore eBay unless you get lucky with a fantastic deals or have one of those 20-30% off coupons I hear about.

And paying $6+ over spot (let alone more than DOUBLE spot) for silver is just silly to me (lunars and Britannias notwithstanding if that's your thing). Before you say "BUY AT ANY PRICE," there are 1,000 oz bars for 60 cents to $1 over and rounds for about $2 over if you look around.

Saul Mine 10-17-2008 07:18 PM

Re: Where to buy silver?
 
How about a hint re where to look? Nobody else seems to know about such a deal.

AgAuGal 10-17-2008 07:31 PM

Re: Where to buy silver?
 
Quote:

Originally Posted by renegade_01 (Post 1364985)
Found a guy on ebay that has rolls of 20 Silver 1oz eagles for 400$ OUCH! That is a hefty price compared to spot.

I need guidance. Mentor me. :10_1_19:

guy walked into dealer a couple of hours ago - heard the dealer tell him $450 a roll or $25 per SAE. So I quess that means $400 is a blue light special :sarcasm:

lhslancers 10-17-2008 08:37 PM

Re: Where to buy silver?
 
How about this idea. If you don't have 10K get a few friends and split a mini contract on the Chicago Board Of Trade. 1000 ounce contract take delivery. Very little premium.

mike77777 10-17-2008 08:40 PM

Re: Where to buy silver?
 
1000 oz. bar on apmex, penole hallmark. another choice in case the cbot or nymex are a tad too slow for you.

Willie Peter 10-17-2008 09:30 PM

Re: Where to buy silver?
 
Quote:

Originally Posted by Drumblebum (Post 1365009)
Sun City Coin in Sun City CA... has boatloads of SAEs, call for price...

(You asked! :biggrin:)

I called Sun City Coin earlier today, Randy told me 2008 SAE's were $20, next week he said they'd be $25...prior year SAE's he said were $18, had some generic bars (+/- 10 Oz) for $3 over

lhslancers 10-17-2008 09:49 PM

Re: Where to buy silver?
 
The coins are nice and some of the bars are too but it is never a good idea to pay premium for bullion.

Drumblebum 10-18-2008 12:22 AM

Re: Where to buy silver?
 
Quote:

Originally Posted by Willie Peter (Post 1365487)
I called Sun City Coin earlier today, Randy told me 2008 SAE's were $20, next week he said they'd be $25...prior year SAE's he said were $18, had some generic bars (+/- 10 Oz) for $3 over

Jeez...I didn't even ask him about the price of the SAEs... was afraid to hear it actually! $25 next week?? Sheesh... I'm going to have to wait for the spreads to settle down. My gut feeling tells me paying spreads like this may be pi$$ing into the wind. Bought a little gold today from him at about the same as Apmex, so I'm happy.

EDIT: although $3.00 over for 10 ozers doesn't sound too bad. Hmmm...

Willie Peter 10-18-2008 09:04 AM

Re: Where to buy silver?
 
I'd say in these current times $3 over spot for generic 10 Oz bars isn't bad at all, be much better if they were JM or Engelhards though....LOL

AlwaysWrite 10-18-2008 01:39 PM

Re: Where to buy silver?
 
Quote:

Originally Posted by Saul Mine (Post 1365275)
How about a hint re where to look? Nobody else seems to know about such a deal.

They're all over these boards. Tulving is selling 1,000 oz bars for 59-79 cents over. APMEX has some for 59 cents over.

AJPM has rounds for $2 over. APMEX has the GIM rounds at $2 over (they seem to make a batch, then they sell out fairly quickly, though).

Let alone if you visit local coin shops and shows.

It is out there. Paying $6-$10 over spot is just lazy IMHO.

MerryL 10-18-2008 01:52 PM

Re: Where to buy silver?
 
Quote:

Originally Posted by AlwaysWrite (Post 1366196)
It is out there. Paying $6-$10 over spot is just lazy IMHO.

Well, Tulving is offering Jason Hommel $4 over spot for the 90% bags Jason is selling at seekbullion.com.

budfox 10-18-2008 01:55 PM

Re: Where to buy silver?
 
Quote:

Originally Posted by Willie Peter (Post 1365487)
I called Sun City Coin earlier today, Randy told me 2008 SAE's were $20, next week he said they'd be $25...prior year SAE's he said were $18, had some generic bars (+/- 10 Oz) for $3 over

What was his case for them being $25 by next week??

Willie Peter 10-20-2008 02:01 PM

Re: Where to buy silver?
 
You know Bud, I didn't ask him...maybe just speculation on his part

I still don't understand why 2008 SAE's seem to command such a premium...the mint lists sales of the '08's so far this year at: 14,702,500, according to their statistics, that's more than ANY other year since the program began

Twisted Avatar 10-20-2008 02:40 PM

Re: Where to buy silver?
 
Quote:

Originally Posted by Willie Peter (Post 1368839)
You know Bud, I didn't ask him...maybe just speculation on his part

I still don't understand why 2008 SAE's seem to command such a premium...the mint lists sales of the '08's so far this year at: 14,702,500, according to their statistics, that's more than ANY other year since the program began

People are buying them like hotcakes.

And there is some premature buzzing that this could possibly be the last year (highly unlikely)

But the fact that nobody can keep them in stock is more then enough reason why the spread is so high on them.


T


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