Survivalist Forum

Advertise Here

Go Back   Survivalist Forum > Survival & Preparedness Forum > Financial Forum
Articles Chat Room Classifieds Donations Gallery Groups Links Store Survival Files



Financial Forum Economics and Precious Metals

Advertise Here
Reply
 
Thread Tools Display Modes
Old 05-05-2011, 04:20 PM
NonTimboMala's Avatar
NonTimboMala NonTimboMala is offline
Practical Tactical
 
Join Date: Jan 2011
Location: KS
Age: 29
Posts: 303
Thanks: 792
Thanked 368 Times in 166 Posts
Default Coins VS Bars (Silver)



Advertise Here

I have noticed on APMEX that their 1 oz Silver Eagles cost more than their 1 oz bars, my question is why would you go with the Silver Eagles when the Silver Bars cost less and have the same amount of silver in them. Is it just collector value?
Old 05-05-2011, 04:23 PM
FarmerJohn FarmerJohn is offline
This is a great survival forum
 
Join Date: Nov 2009
Location: North Carolina
Posts: 19,302
Thanks: 6,762
Thanked 26,427 Times in 10,443 Posts
Default

no silver eagles are minted by the us government and have a face value the other does not so is not as expensive

that said I just sold over half my silver as its losing value right now do to the speculators jumping ship

if i were you id wait a little bit to buy anything once it drops a lil more ima buy back my silver and more due to the lower price
Old 05-05-2011, 06:54 PM
NonTimboMala's Avatar
NonTimboMala NonTimboMala is offline
Practical Tactical
 
Join Date: Jan 2011
Location: KS
Age: 29
Posts: 303
Thanks: 792
Thanked 368 Times in 166 Posts
Default

That was the plan Farmer John, i think i will be going with the bars as I won't be spending the eagles for the $1 face value.
Old 05-05-2011, 07:02 PM
FarmerJohn FarmerJohn is offline
This is a great survival forum
 
Join Date: Nov 2009
Location: North Carolina
Posts: 19,302
Thanks: 6,762
Thanked 26,427 Times in 10,443 Posts
Default

Quote:
Originally Posted by NonTimboMala View Post
That was the plan Farmer John, i think i will be going with the bars as I won't be spending the eagles for the $1 face value.
lol im hoping it drops to the mid $20s and ill jump back in and order more or if it starts rising again but if it goes to 24 ill be able to buy back everything i sold for 32 an ounce + lot more
Old 05-05-2011, 07:58 PM
MIL-DOT's Avatar
MIL-DOT MIL-DOT is online now
huh......what?
 
Join Date: Nov 2008
Location: "...front row seat for the end of the world."
Posts: 11,301
Thanks: 14,446
Thanked 31,348 Times in 7,779 Posts
Default

Quote:
Originally Posted by FarmerJohn View Post
no silver eagles are minted by the us government and have a face value the other does not so is not as expensive....
True, but coins like Eagles,Maples,Britainias, Kooks,etc. also have very intricate details that make them nearly impossible to be believably counterfeited. A bar usually just has large,generic lettering/logos that would be much easier to fake.
The Following 6 Users Say Thank You to MIL-DOT For This Useful Post:
Old 05-05-2011, 09:27 PM
MR_SLOW's Avatar
MR_SLOW MR_SLOW is offline
Survivor
 
Join Date: Jan 2008
Posts: 2,737
Thanks: 8,918
Thanked 1,688 Times in 939 Posts
Default

I think the price will be back to normal in a few days.The price is going back up as we speak.As fast as it went down it can go up. You better buy quick at these low prices.The price is now 35.54 and climbing. I'M BUYING MORE
Old 05-05-2011, 09:41 PM
FarmerJohn FarmerJohn is offline
This is a great survival forum
 
Join Date: Nov 2009
Location: North Carolina
Posts: 19,302
Thanks: 6,762
Thanked 26,427 Times in 10,443 Posts
Default

Quote:
Originally Posted by MR_SLOW View Post
I think the price will be back to normal in a few days.The price is going back up as we speak.As fast as it went down it can go up. You better buy quick at these low prices.The price is now 35.54 and climbing. I'M BUYING MORE
how do you figure?

its been dropping like $3-4 a day the entire week
Old 05-05-2011, 09:45 PM
escape's Avatar
escape escape is offline
Sic semper tyrannis.
 
Join Date: Mar 2011
Posts: 6,591
Thanks: 12,428
Thanked 13,861 Times in 4,337 Posts
Default

Quote:
Originally Posted by NonTimboMala View Post
I have noticed on APMEX that their 1 oz Silver Eagles cost more than their 1 oz bars, my question is why would you go with the Silver Eagles when the Silver Bars cost less and have the same amount of silver in them. Is it just collector value?
Whether true or not, my local PM supplier told me that ASEs are harder to come by even through the US Mint and they are getting charged a little more for them. They raised their spot price by one whole dollar. Who knows if this was a reaction to the declining price lately.
Old 05-05-2011, 11:11 PM
NonTimboMala's Avatar
NonTimboMala NonTimboMala is offline
Practical Tactical
 
Join Date: Jan 2011
Location: KS
Age: 29
Posts: 303
Thanks: 792
Thanked 368 Times in 166 Posts
Default

Yeah it seems like if the price went 'back to normal' it would be dropping another $15 or so, but who knows with all the factors that go into the pricing.
Old 05-05-2011, 11:14 PM
Branned Branned is offline
Survivor
 
Join Date: Mar 2010
Posts: 2,051
Thanks: 3,131
Thanked 1,774 Times in 857 Posts
Default

Quote:
Originally Posted by MIL-DOT View Post
True, but coins like Eagles,Maples,Britainias, Kooks,etc. also have very intricate details that make them nearly impossible to be believably counterfeited. A bar usually just has large,generic lettering/logos that would be much easier to fake.
If they are counterfeite the Eagles, Maples, Britainias, Kooks, etc. the Gov't's will come down on them hard. Counterfeited private Mint silver is like counterfeited toys.
Old 05-05-2011, 11:18 PM
Bosco Warden Bosco Warden is offline
I love this forum
 
Join Date: Dec 2008
Location: Reno, NV
Posts: 6,421
Thanks: 9,554
Thanked 8,242 Times in 3,855 Posts
Default

Anyone wants to sell there junk silver coins you just let me know. Im looking to buy NOW.



Send me a PM, I got paypal!
Old 05-05-2011, 11:54 PM
wsarris424's Avatar
wsarris424 wsarris424 is offline
Μολὼν λαβέ
 
Join Date: Jun 2009
Location: Baton Rouge, Louisiana
Age: 30
Posts: 1,198
Thanks: 1,334
Thanked 1,206 Times in 523 Posts
Default

I've been buying ASE's. They are easily recognizable and being minted by a government will have more merit when using it for trade. I have the feeling there will be a lot of counterfeit silver running around whenever people are trading it.
The Following User Says Thank You to wsarris424 For This Useful Post:
Old 05-06-2011, 03:38 AM
Sundsvall's Avatar
Sundsvall Sundsvall is offline
Hunter
 
Join Date: Oct 2010
Posts: 1,205
Thanks: 139
Thanked 944 Times in 504 Posts
Default

I like the ASE, Canadian and the Australian Perth mint coins.
Old 05-06-2011, 04:43 AM
Jash's Avatar
Jash Jash is offline
Patiently Waiting
 
Join Date: Dec 2010
Location: Bris-Vegas, Australia.
Posts: 4,300
Thanks: 4,737
Thanked 8,690 Times in 2,915 Posts
Default

Quote:
Originally Posted by NonTimboMala View Post
That was the plan Farmer John, i think i will be going with the bars as I won't be spending the eagles for the $1 face value.
The eagles will maintain their premium over generic bars, and be much easier to sell due to their recognizability.
The Following 2 Users Say Thank You to Jash For This Useful Post:
Old 05-06-2011, 05:50 AM
jeeperNY jeeperNY is offline
Junior Member
 
Join Date: Mar 2011
Location: NY
Posts: 136
Thanks: 48
Thanked 61 Times in 49 Posts
Default

A search online for "how to spot a fake Silver American Eagle" will return a couple of excellent detailed write-ups of the 'tells' - the shine and luster, weight and size, ring tone, beading, stamped detail etc and a trip to a Chinatown souvenir shop or Ebay will show you the ASE fakes, I agree there are poor fakes and good fakes but its still interesting to see them - the ones I saw for $1 each were horrid.

I've been skeptical of silver bars but there must be 'tells', anyone else know ? The weight is obvious so bring an accurate weighing scale, is the bar size standardized also ?
Old 05-06-2011, 05:58 AM
McLovin's Avatar
McLovin McLovin is offline
Organ Donor
 
Join Date: May 2009
Location: 892 Momona St, Honolulu, HI
Posts: 644
Thanks: 182
Thanked 847 Times in 303 Posts
Default

>I think the price will be back to normal in a few days.

The normal price of silver over the last 50 years has been around $5 an once. Just sayin.


McLOVIN
Old 05-06-2011, 06:39 AM
NonTimboMala's Avatar
NonTimboMala NonTimboMala is offline
Practical Tactical
 
Join Date: Jan 2011
Location: KS
Age: 29
Posts: 303
Thanks: 792
Thanked 368 Times in 166 Posts
Default

to detect fake silver you can measure its density, we identified elements alot using this method in my chemistry course
Old 05-06-2011, 09:37 AM
MrMorden's Avatar
MrMorden MrMorden is offline
Ooh, pancakes!
 
Join Date: Mar 2010
Posts: 3,041
Thanks: 561
Thanked 5,337 Times in 1,730 Posts
Default

Quote:
Originally Posted by McLovin View Post
>I think the price will be back to normal in a few days.

The normal price of silver over the last 50 years has been around $5 an once. Just sayin.

McLOVIN
And in 1950 a dollar was worth 4x or more what it is now...your point?
Old 05-06-2011, 10:17 AM
MR_SLOW's Avatar
MR_SLOW MR_SLOW is offline
Survivor
 
Join Date: Jan 2008
Posts: 2,737
Thanks: 8,918
Thanked 1,688 Times in 939 Posts
Default

People who sold at 32.00 are now looking at 36.33 and climbing.The 32.00 spot is history.
The Following User Says Thank You to MR_SLOW For This Useful Post:
Old 05-06-2011, 10:43 AM
dnj42230 dnj42230 is offline
Newbie
 
Join Date: Feb 2010
Posts: 5
Thanks: 0
Thanked 3 Times in 2 Posts
Default

Where is a good source to buy silver? Are there any good deals still to be had at estate sales etc... or is everyone on board already and I'm late to the show?
Reply

Bookmarks



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Calculator For Actual Silver Content Value of US Silver Coins XS29L General Discussion 10 05-08-2012 11:22 AM
Silver Bars Chin Disaster Preparedness General Discussion 13 11-19-2010 04:31 PM
Silver bars or coins shrink Financial Forum 54 02-02-2010 06:32 PM
Silver Coins/Bars AzFirearms Financial Forum 6 08-20-2009 12:30 PM
Gold and Silver "shot" instead of coins/bars SMM123 Disaster Preparedness General Discussion 17 03-09-2009 10:19 PM


All times are GMT -5. The time now is 12:04 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.
Copyright Kevin Felts 2006 - 2012,
Green theme by http://www.themesbydesign.net