Vanity: Recommendations for silver coins (1/10th to 1oz).

self | 6/28/2013 | AK267

[ak267]

Any recommendations for vendors who sell silver coins (1/10th to 1oz)? Just want to buy some to be prudent.

[RugerMini14]

Those premiums are large. Provident will sell you private mint 10oz bars at slightly over a buck/oz premium. Or 1 oz coins on occasion. To me bullion is bullion. Get it cheap, lay it away, and hope you never need to sell it. But I like gold better.

In a true SHTF situation .22lr is probably worth its weight in silver anyway.

[MSF BU]

My guess is most people would take the old coins. Nobody is counterfeiting them either. Dealers will take your ingots.

[Errant]

I like the pre '64 stuff. Brings back memories of being a kid and filling my
scooter for a quarter. Now it costs 12 bucks.

[GGpaX4DumpedTea]

Later, and thanks for stimulating some conversation on this subject.

[VerySadAmerican]

I let someone talk me into buying a bunch at the wrong time. The first batch I bought several years ago and now it’s even worth less.

I just keep reminding myself that I haven’t lost a dime until I sell. And hopefully I won’t have to for a while.

[Scrambler Bob]

Later, too

[null and void]

waynesa98 ~ why do you want to pay for the striking costs and other handling fees to buy coins? Silver troy ingots same stuff less intermediaries, more industrial demand, IE better faster cheaper.

VeniVidiVici ~ Good question. Here's one back at you. If you were buying selling something and silver was the means of payment, would you rather take a known quantity of silver such as an old silver coin or would you accept a silver ingot with a hedgehog on it? Seriously. Because I've been asking this question of myself.

Second thought; would you rather be seen as the guy who has precious metal ingots or the guy who is reduced to reluctantly spending the pitifully few silver coins his saintly aunt Maude left him?

Who's more apt to get targeted for robbery?

[null and void]

Meant to ping you to post #27

[Jet Jaguar]

Blanchard and Company.

[Jet Jaguar]

Goldbug ping.

Silver question.

[Taxman]

Well, I believe in dollar cost averaging, so I have bought at the low points and at the high points, and in between them. But I have never sold, so I am comfortable with the long run scheme of things.

[jiggyboy]

https://comparesilverprices.com/

I don’t think you’re going to find big dealers that even carry 1/10 oz silver bullion coins. Even half-ounce silver bullion coins are probably hard to find.

[JSDude1]

apmex.com

[PA Engineer]

I have used APMEX. My purchases have been a mix of one ounce bullion, ingots and junk silver.

One purchase I have made was war nickels. These were produced during WWII because of shortages of nickel for war production and were produced with 35% silver. They are easy to identify with the large mint mark above Monticello on the back.

The reason for this was so that after the war the mint could pull them quickly from circulation. I believe because of the gold seizure many Americans bitterly had the same idea.

I have read on many forums how many like the junk silver dimes, but at the same time there is an admission that the coins have not held up well in circulation and have significant wear reducing the weight and silver content.

The nickels have held up much better and up to recently 15¢ (3 nickels) could still purchase a gallon of gas (based on silver content). The same price as when the nickels were minted.

Just something to consider if we go back to a bullion exchange system supplementing fiat currency. JMHO and YMMV.

P.S. For a long while they became very popular and were unavailable. They are finally back in stock.

[PA Engineer]

Oops. They are out of stock again. Definitely something to grab when they become available. Looks like I dithered too long.

[Monterrosa-24]

http://www.southerncoin.com/

I think you’ll find these folks very competitive in their pricing.

[SilverMine]

By the way, I agree, ammo is getting to be great barter or money substitute.

Remember, when buying local you pay no shipping, no insurance, just the per ounce bid plus 1.50 to 2.50 over spot.

[SVTCobra03]

Provident Metals

Apmex

Mercury dimes, Walking Liberty halves and Franklin halves.

American Silver Eagles

[suthener]

I’m not worried about it. It was just a few thousand split between gold and silver, and it was money that would otherwise have been sitting in the bank. I believe the value will recover.

[Errant]

I believe the value will recover.

So do I, to the point I don't see how it could not with continued printing of the dollar for the foreseeable future, in order to fund out of control governments worldwide. And I think it might just be an explosive rebound at that.