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searching4silver
Penny Pincher Member
111 Posts |
 Posted - 01/15/2009 : 11:42:29
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I am trying to find a good place to buy silver near to the spot price. Any suggestions?
I have been searching rolls for a while and have a bunch of pennies and a handfull of silver halves and nickels. Alot of time invested and not much return thus far.
Do any of you guys sell your silver finds?
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misteroman
Administrator
USA
2565 Posts |
Posted - 01/15/2009 : 11:46:53
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Best your going to find now is 10X.The occassional 9 or 9.5 may come up every now and then but get snagged up quick usually.Last one was 8.9X but was gone in 2 mins by some sneaky mod.
Some on here will do a lil find and sell every now and then.
Good luck and keep up the good work |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 01/15/2009 : 12:08:29
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The best place I have bought from recently is:
You must be logged in to see this link.
The prices are more than twice spot, but on the other hand I can have the silver in hand. I only buy a few pieces at a time, all I can afford, but they get it to me pretty quick. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 01/15/2009 : 14:26:15
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Hi there-
I would think that most of the "easy pickings" are gone by now and most anybody who holds precious metals knows by now how close we may be to the brink- so, I think 10X face is THE BEST anyone can get on 90%, and about $14/oz on all other silver. Unless you find a crazy old lady or do roll hunting, you might have to bite the bullet and buy high.
Don't be put off by finding only a little silver so far. If you found ANY silver in roll hunting, you're way ahead of the game.
Price also depends on how much you're ready to invest. If you call up a dealer and tell them you want to buy $10K worth of silver, I'm sure they'll give you a better rate than just a roll of dimes.
JMO.
wags
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Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 01/15/2009 : 15:23:08
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tulving and apmex have 100 oz bars. I have seen them at 1.29 over spot. that's under 12.00 an ounce!
of course, a 100 bar is a big investemnt and not very divisible. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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misteroman
Administrator
USA
2565 Posts |
Posted - 01/15/2009 : 16:22:16
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quote:
Originally posted by Cody8404
The best place I have bought from recently is:
You must be logged in to see this link.
The prices are more than twice spot, but on the other hand I can have the silver in hand. I only buy a few pieces at a time, all I can afford, but they get it to me pretty quick.
Cody,For the prices they are charging you I'll ship them next day to you and pay shipping |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 01/15/2009 : 17:00:23
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| I work in a grocery store and I have told all the managers,bookkeepers, and cashiers that I am paying 8X face for any silver coins they find. One manager is thinking about selling me $200.00 face for $1600.00. I might need to carry some flash cash to get them to sell. Has anyone ever put a ad in the classifieds saying you are buying silver coins at # X face? |
You don't have to be the BEST you just have to be.......SLICK
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natsb88
Administrator
USA
1850 Posts |
Posted - 01/15/2009 : 19:00:19
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| 90% is running about 9.5x face before shipping on Bullion Direct's Nucleo. BD also has 10 ounce bars for $125 right now and generic rounds/bars for under $12. |
Nate
The Copper Cave
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CajunCoin
Penny Sorter Member
USA
26 Posts |
Posted - 01/15/2009 : 19:02:47
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quote:
Originally posted by slickeast
I work in a grocery store and I have told all the managers,bookkeepers, and cashiers that I am paying 8X face for any silver coins they find. One manager is thinking about selling me $200.00 face for $1600.00. I might need to carry some flash cash to get them to sell. Has anyone ever put a ad in the classifieds saying you are buying silver coins at # X face?
I have bought silver and gold on the open market so to speak, putting in adds in the papers. I usually pay less than the dealers and never buy over 600 at a time as to avoid being classified as a dealer in Louisiana and to avoid IRS complications. Bank Tellers usually are my best customers followed by Conveince store folks. I only deal at the bank and get the stuff into the Sd box, don't need a hassle with crazies and hustles. |
Real Money Rings True. |
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marklarpants
Penny Sorter Member
USA
58 Posts |
Posted - 01/15/2009 : 20:36:39
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apmex has war nickels...
You must be logged in to see this link.
$1.00 over spot, 49 cents over spot if you buy a large amount.
cody8404 - a local coin dealer has 90% at 9.5-10.5x face(depending on the spot price), there must be one around you. paying twice the spot price doesnt make sense. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 01/15/2009 : 21:54:29
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quote:
Originally posted by marklarpants
apmex has war nickels...
You must be logged in to see this link.
$1.00 over spot, 49 cents over spot if you buy a large amount.
cody8404 - a local coin dealer has 90% at 9.5-10.5x face(depending on the spot price), there must be one around you. paying twice the spot price doesnt make sense.
I wouldnt recomend buying war nickles. Theres such a small amount of silver in them that you never get near what they are really worth |
Copper Penny Investing
www.portlandmint.com |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 01/16/2009 : 10:50:28
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quote:
Originally posted by slickeast
I work in a grocery store and I have told all the managers,bookkeepers, and cashiers that I am paying 8X face for any silver coins they find. One manager is thinking about selling me $200.00 face for $1600.00. I might need to carry some flash cash to get them to sell. Has anyone ever put a ad in the classifieds saying you are buying silver coins at # X face?
Yes, I have been doing ads on Craigslist for about a year now and so far have done over 20 buys. I check with my local coin shops on a regular basis to see what their buy prices are and I offer a little more. For example, they are buying 90% at 7.8-8.0 x face right now so I put my floor at 8.0 x face for Kennedy's and Roosies, and a little higher for Mercs, Franklins, and Walkers. I offer even more for Barbers. I also buy wheats, Indians, Buffalo nickels, Liberty nickels and bullion as part of my buying.
Customers are happy because they get cash on the spot, it's anonymous, and they get a little more than they would from the coin shop. So it's a win-win situation. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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marklarpants
Penny Sorter Member
USA
58 Posts |
Posted - 01/16/2009 : 11:43:58
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quote:
Originally posted by highroller4321
quote:
Originally posted by marklarpants
apmex has war nickels...
You must be logged in to see this link.
$1.00 over spot, 49 cents over spot if you buy a large amount.
cody8404 - a local coin dealer has 90% at 9.5-10.5x face(depending on the spot price), there must be one around you. paying twice the spot price doesnt make sense.
I wouldnt recomend buying war nickles. Theres such a small amount of silver in them that you never get near what they are really worth
I suppose people should avoid the 40% also? 35% vs 40% what's the difference right? |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 01/16/2009 : 12:01:03
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quote:
Originally posted by marklarpants
quote:
Originally posted by highroller4321
quote:
Originally posted by marklarpants
apmex has war nickels...
You must be logged in to see this link.
$1.00 over spot, 49 cents over spot if you buy a large amount.
cody8404 - a local coin dealer has 90% at 9.5-10.5x face(depending on the spot price), there must be one around you. paying twice the spot price doesnt make sense.
I wouldnt recomend buying war nickles. Theres such a small amount of silver in them that you never get near what they are really worth
I suppose people should avoid the 40% also? 35% vs 40% what's the difference right?
More so 35% because the war nickels are mixed with magnesium and another metal so from what I hear it's harder to get the silver out of it than it would be for 40% copper-silver halves. People still actively trade 40% on the major bullion markets, while 35% war nickels are not. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 01/16/2009 : 14:29:58
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Yes, by all means don't save War Nickles, put them back in circulation.
(That way I have a better chance of adding them to my hoard!)
!!!!!!!Allways keep any and all Silver you can get!!!!!!!!!!! |
There's profit if you melt things!!
8{> |
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novillero
Penny Sorter Member
USA
86 Posts |
Posted - 01/16/2009 : 16:01:33
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A buddy and I are buying silver from Apmex - a new thing for us, he orders one month, I order the next (small amounts - a roll of bullion each time). We will meet exchange coins, and pay the difference in any payments made by the other. Last month he bought 2008 Maples, this month I bought 2009 ASEs.
I have also looked buying from Kitco. Kitco had lower prices, but higher S&H charges; Apmex has slightly higher prices, but lowere S&H. At the end of the day, we both registered at Kitco. I just made my first purchase and am awaiting for them to mark my payment as received and then to ship the coins.
I had heard about delays, by last month my friend got his coins pretty quickly.
Apmex also a bigger selection. Kitco just has bullion, while Apmex also sells 90% bags, and rarer coins (saw a cool set of certified Roman coins in a nice box).
I don't have much silver to sell, but may wind up selling some of my non-bullion coins that are duplicates (as I collect in books). |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 01/16/2009 : 18:00:45
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if you can cobble together a big order - 500 oz ag - try tulving or monex.
[/quote] |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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n/a
deleted
15 Posts |
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vrbsroma
Penny Collector Member
394 Posts |
Posted - 03/26/2009 : 13:24:41
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quote:
Originally posted by CoinHunter53562
quote:
Originally posted by slickeast
I work in a grocery store and I have told all the managers,bookkeepers, and cashiers that I am paying 8X face for any silver coins they find. One manager is thinking about selling me $200.00 face for $1600.00. I might need to carry some flash cash to get them to sell. Has anyone ever put a ad in the classifieds saying you are buying silver coins at # X face?
Yes, I have been doing ads on Craigslist for about a year now and so far have done over 20 buys. I check with my local coin shops on a regular basis to see what their buy prices are and I offer a little more. For example, they are buying 90% at 7.8-8.0 x face right now so I put my floor at 8.0 x face for Kennedy's and Roosies, and a little higher for Mercs, Franklins, and Walkers. I offer even more for Barbers. I also buy wheats, Indians, Buffalo nickels, Liberty nickels and bullion as part of my buying.
Customers are happy because they get cash on the spot, it's anonymous, and they get a little more than they would from the coin shop. So it's a win-win situation.
Note to self... |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
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n/a
deleted
64 Posts |
Posted - 03/29/2009 : 11:37:59
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| I run ads in local paper emphasis on "fast cash", pay from 5x to 9x for anything, 12x for dollars, smallest purchase so far; quarter and a dime! Ask what they need out of the coins before you offer X....you can buy for lots less than you think. By avoiding advertising what I pay, I don't get shopped. When asked what I pay, I say, "bring it in and let's see what you got". Then ask what they need. It is often far less than melt. I never discuss X face, again to avoid pegging my buy price to get shopped latter. Return sellers are happy to bring in small amounts. It's win-win again. I am in a small town, closest dealer/ buyer is 45 minutes away. |
"it is the tradition that a Kentuckian does not retreat, he does not have to" |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 03/29/2009 : 13:04:03
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quote:
Originally posted by windage
I run ads in local paper emphasis on "fast cash", pay from 5x to 9x for anything, 12x for dollars, smallest purchase so far; quarter and a dime! Ask what they need out of the coins before you offer X....you can buy for lots less than you think. By avoiding advertising what I pay, I don't get shopped. When asked what I pay, I say, "bring it in and let's see what you got". Then ask what they need. It is often far less than melt. I never discuss X face, again to avoid pegging my buy price to get shopped latter. Return sellers are happy to bring in small amounts. It's win-win again. I am in a small town, closest dealer/ buyer is 45 minutes away.
I understand you want to get it as cheaply as possible, but it would seem unethical... |
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 03/30/2009 : 04:08:15
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| I am still buying scrap sterling on Ebay for a buck an ounce below melt value. I win about $100 a week, so it's not a high volume business like it was two years ago. |
A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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vrbsroma
Penny Collector Member
394 Posts |
Posted - 03/30/2009 : 12:29:54
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quote:
Originally posted by Saul Mine
I am still buying scrap sterling on Ebay for a buck an ounce below melt value. I win about $100 a week, so it's not a high volume business like it was two years ago.
What's the silver content of sterling? How easy is it to refine? What do you plan on doing with the junk sterling? I believe you can send it to small/private refiners for a fee and they'll pour ingots for ya. Just an idea... |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 03/30/2009 : 19:49:39
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| .925 VB... Usually, there are lower grade alloys, but I wouldn't call that sterling.. Just my opinion |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 03/30/2009 : 20:14:29
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| If you are planning on selling it to dealers when the time comes to sell I would reccomend staying away from sterling |
Copper Penny Investing
www.portlandmint.com |
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n/a
deleted
64 Posts |
Posted - 03/30/2009 : 22:23:01
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oober, or anyone else thinking about buying silver (or anything else off the market, whether public or private).
I didn't mean to offend your sensibilities in any way and those were my opinions only.
One man's "ethics" are another man's poor business plan (wittness the White House cabinet and stimulus plan debacle).
What is unethical about not tipping off a competing buyer with your open advertising? What is unethical about increasing a seller's financial means and happiness in a freely entered and open business transaction? You can always pay more than someone else if you know what they are paying to get certain coin. Is that practice "unethical", or is that business? No one has to sell to me, this is still a "free market" (until Obama sticks his hand into our little world). Sellers can always drive somewhere else and make their deal. My post was how I have learned to do it. It works for me and may give others without the experience some ideas to get started. Reader of this post; pick your own avenue.
After reading how several others did it, I had to post a differing point of view and experience.
Legal Disclaimer; "The opinions expressed in this post are the personal ethical beliefs of the author and may not reflects the opinions of the moderators, host site, webmasters or anyone at ForumCo/ Snitz Forums". |
"it is the tradition that a Kentuckian does not retreat, he does not have to" |
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Where can I buy silver near spot??
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