Buying and selling silver - Survivalist Forum
Survivalist Forum

Advertise Here

Go Back   Survivalist Forum > >
Articles Classifieds Donations Gallery Groups Links Store Survival Files


Notices

Financial Forum Economics and Precious Metals

Advertise Here
Similar Threads
Thread Thread Starter Forum Replies Last Post
The Truth About the Gold and Silver Scam Finmac Financial Forum 289 01-06-2020 10:30 PM
What would you trade for 1oz silver Beans4breakfast Disaster Preparedness General Discussion 61 01-09-2017 02:34 PM
How, what & why - buying gold Backyardcreek Financial Forum 20 12-03-2016 12:29 AM
2 questions?? ECF Financial Forum 20 12-02-2016 08:52 PM

Reply
 
Thread Tools Display Modes
Old 03-12-2017, 03:14 PM
Hobb Hobb is offline
Newbie
 
Join Date: Jun 2015
Posts: 29
Thanks: 540
Thanked 52 Times in 14 Posts
Default Buying and selling silver



Advertise Here

I am thinking about buying silver rounds and some american silver eagles for a small investment and for shtf. I know the ASE's would be better for trading and buying stuff. In the event that the economy doesn't collapse and I need to sell the silver rounds will they be worth the 1 oz price of silver or will they be discounted for not being ASE? I ask because I went to ampex and looked on their sell and buy list. They had the sell price on silver rounds but on the buy price they had call for price? I would think that they should be worth whatever price silver is worth at today's price?
Quick reply to this message
The Following User Says Thank You to Hobb For This Useful Post:
Old 03-12-2017, 03:19 PM
Deadmeat99's Avatar
Deadmeat99 Deadmeat99 is offline
Survivor
 
Join Date: Feb 2010
Location: Northern Nevada
Posts: 5,251
Thanks: 6,761
Thanked 9,464 Times in 3,504 Posts
Default

It depends on who you're selling them to. Typically Eagles and similar can be sold for at least spot or spot+, while rounds or other non-government mint silver will go for spot or spot-. Like most things, selling them privately will generally get a better return than selling to a dealer who has overhead.
Quick reply to this message
The Following 2 Users Say Thank You to Deadmeat99 For This Useful Post:
Old 03-12-2017, 03:44 PM
Kalashnikov47's Avatar
Kalashnikov47 Kalashnikov47 is offline
Trump is Treasonous
 
Join Date: Feb 2015
Location: US-Deep South
Age: 59
Posts: 6,615
Thanks: 1,000
Thanked 19,299 Times in 5,084 Posts
Default

I wanted to know this myself I bought 4 1oz sunshine eagle bars and 1 2oz hand poured monarch bar both are .999...

From what I've read it seems to be the consensus that bars are better because they aren't (generally) being sold to collectors which is a smaller market, bars are (generally) sold for industrial use and are melted down...

Is this correct?
Quick reply to this message
The Following User Says Thank You to Kalashnikov47 For This Useful Post:
Sponsored Links
Advertisement
 
Old 03-12-2017, 03:57 PM
fistfulladirt fistfulladirt is offline
Survivor
 
Join Date: Sep 2013
Posts: 2,395
Thanks: 2,952
Thanked 2,367 Times in 1,230 Posts
Default

Agreed, depends on who you are selling to. My local LCS will pay about 70% of spot on generic rounds and bars. He sells ASE's at spot + $5, and will buy back possibly at spot.
A private deal such as Craiglist might get you spot on generic bars and rounds, but I don't relish those kind of deals.

I consider US junk silver being more recognizable than ASE's. I carry an ASE in my pocket, and rarely does anyone I show it to identify. OTOH, they don't recognize a silver quarter over clad either, as far as that goes.
Quick reply to this message
The Following User Says Thank You to fistfulladirt For This Useful Post:
Old 03-12-2017, 05:06 PM
LordOpie's Avatar
LordOpie LordOpie is offline
I love this forum
 
Join Date: Feb 2012
Location: denver
Posts: 8,064
Thanks: 19,872
Thanked 14,930 Times in 5,133 Posts
Default

I use the small amount of silver i buy as "insurance", not an investment at all. So, I'm risk averse. I only buy ase and Canadian maples since I'm only concerned with safety and reliability.

If the gold-silver ratio goes down, i will trade ase for age
Quick reply to this message
Old 03-12-2017, 08:25 PM
Hobb Hobb is offline
Newbie
 
Join Date: Jun 2015
Posts: 29
Thanks: 540
Thanked 52 Times in 14 Posts
Default

Quote:
Originally Posted by LordOpie View Post
I use the small amount of silver i buy as "insurance", not an investment at all. So, I'm risk averse. I only buy ase and Canadian maples since I'm only concerned with safety and reliability.

If the gold-silver ratio goes down, i will trade ase for age
I think the Canadian maples were the best buy but was put off by all the negative feedback on milk spots. I am new to this and just want something to have in case of an emergency. What is your opinion on eagles vs maples?
Quick reply to this message
The Following User Says Thank You to Hobb For This Useful Post:
Old 03-13-2017, 02:37 AM
Deadmeat99's Avatar
Deadmeat99 Deadmeat99 is offline
Survivor
 
Join Date: Feb 2010
Location: Northern Nevada
Posts: 5,251
Thanks: 6,761
Thanked 9,464 Times in 3,504 Posts
Default

Quote:
Originally Posted by Hobb View Post
I think the Canadian maples were the best buy but was put off by all the negative feedback on milk spots. I am new to this and just want something to have in case of an emergency. What is your opinion on eagles vs maples?
Never had any discoloration on the Maples I have but that's anecdotal. Personally I think the newest silver Maples with the radial reeds and micro-engraved markings are stunning but in the end, they aren't Eagles.
Quick reply to this message
The Following User Says Thank You to Deadmeat99 For This Useful Post:
Reply

Bookmarks



Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Survivalist Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
Gender
Insurance
Please select your insurance company (Optional)

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Display Modes

Posting Rules
You may post new threads
You may 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


All times are GMT -5. The time now is 05:11 PM.


Powered by vBulletin®
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Search Engine Optimisation provided by DragonByte SEO (Lite) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.
Copyright © Kevin Felts 2006 - 2015,
Green theme by http://www.themesbydesign.net