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Fellow silver enthusiasts I have a question...I have only purchased silver sovereign coins to date. SD Bullion has one ounce silver rounds at an attractive price at the moment. Since SD Bullion is a well known precious metals dealer, I really can't see a downside when compared to sovereign coins. Am I missing something? | ||
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Victim of Life's Circumstances |
I buy junk silver, especially quarters and halves. ________________________ God spelled backwards is dog | |||
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Member |
Buy them. Junk silver is nice in the US because everyone knows they are 90 percent except 40 percent for some Kennedy’s. | |||
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Conservative Behind Enemy Lines |
claythingyfingy (CTF) is talking about SD Bullion's .999 % silver rounds. They're a good investment, but their only value is their silver content, where as American Silver Eagles, for example, have the value of their silver, but added to that is the fact that they're ASEs. The condition of an ASE will affect its worth, while the generic silver rounds are worth whatever the market value of silver happens to be regardless of their condition. Of all the enemies the American citizen faces, the Democrat Party is the very worst. | |||
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Member |
There is not drawback to buying silver rounds/bar, there are some exceptions as far as being collectible silver round or bar but that is a different question all together. When you go to sell depending on demand there is no added or lost value to a silver round or bar. I buy a lot of silver bullion and I could care less who produced them just buy based on the silver content. Eagles,maples,kangaroos and so on they do carry a small premium to buy but when you go to resell you would find the spread it about the same when compared to generic rounds or bars.There are times when the premium on eagles was very high and many of my customers took advantage of the large spread and traded in their eagles towards generic rounds. They essentially took the premium and turned into additional rounds or bars for their stack. Develop a plan to buy, say 1oz,2oz a week,month or whatever is within budget and stick to it. Shop around and take advantage of online dealers competing for business. Ideally if you have a local dealer start there if you are not looking to make a smaller buy. Online problem for online is most online dealers have a min. purchase for free shipping but if your budget allows for that amount stick to it. | |||
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Itchy was taken |
All of this is good advice. I also watch the classified section for reasonable deals. Metals are a hedge against inflation, and a lot of us simply like shiny things. I tend to invest when I have an extra 1k or 2. (I get an allowance). My next buy will be junk dimes. My holdings are small, about 260 ounces, but, I am a bullion buyer. Silver content and price. I really like Golden State Mint's round strikes. To me, they are attractive. _________________ This space left intentionally blank. | |||
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