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  1. #1
    mts
    mts is offline
    us
    May 2009
    Tesoro Vaquero, Tesoro Silver ÁMax, BH Tracker IV, Garrett ProPointer
    1,179
    4 times

    What's the best source of silver coins, rounds, and bars?

    I've always heard that APMEX has pretty good prices. However, I went to a local coin shop today that sold me rounds and bars at significantly less than what APMEX is charging. He also sold me some decent silver dollars (probably only Good quality) for much less than what APMEX charges for their cull coins. Plus, he didn't try to charge me an additional fee for using a credit card. I didn't have to pay shipping but I did get hit hard with sales tax though so that was probably a wash.

    Anyway, is there someone online that people would recommend over APMEX? I'm looking to buy around $5000 worth of silver in the next few months so I'd like to get the best price possible. I'll also be watching the price of gold closely and I'll pick up some of that as well if the price is right. Any recommendations you can make would be appreciated.

    If you have any other places that you'd recommend (Craigslist, etc.) then I'd be happy to hear those too. I've looked out on Craigslist and there are a few people in my area selling silver dollars for a decent price. But you pay such a premium for them that I'm not really sure I want to go that way. One guy in my area has 264 silver dollars for $4000. That's $15.15 each. Not too bad but my assumption would be that they are all probably cull quality so they may not be worth the extra premium above spot that he is asking.

    Thanks!

  2. #2
    Charter Member
    us
    Dec 2008
    St. Augustine, FL
    3,298
    737 times

    Re: What's the best source of silver coins, rounds, and bars?

    First, you need to avoid the tax. Buy from dealers that are located where bullion is not taxed. Some states restrict the tax threshold at $1000.

  3. #3
    On extended Holiday.

    Dec 2008
    10,709
    37 times
    All Types Of Treasure Hunting

    Re: What's the best source of silver coins, rounds, and bars?


  4. #4
    mts
    mts is offline
    us
    May 2009
    Tesoro Vaquero, Tesoro Silver ÁMax, BH Tracker IV, Garrett ProPointer
    1,179
    4 times

    Re: What's the best source of silver coins, rounds, and bars?

    Quote Originally Posted by Diver_Down
    First, you need to avoid the tax. Buy from dealers that are located where bullion is not taxed. Some states restrict the tax threshold at $1000.
    Good point. Our local sales tax is 6.75% which would be an extra $337.50 on a $5000 purchase.

  5. #5
    Charter Member
    us
    Dec 2008
    St. Augustine, FL
    3,298
    737 times

    Re: What's the best source of silver coins, rounds, and bars?

    Some states there is no tax. Some tax purchases under 1000. Some waive the tax when the purchase exceeds 500. Of course, going to a coin show with cash in hand can be very persuasive.

  6. #6
    us
    Apr 2009
    copperopolis ca.
    119
    1 times

    Re: What's the best source of silver coins, rounds, and bars?

    Buy from a shop. What state are you in?

  7. #7
    us
    Mar 2009
    New Hampshire
    Minelab E-trac
    1,293
    412 times

    Re: What's the best source of silver coins, rounds, and bars?

    PCGS.com has a Buy, Sell and Trade forum where people sell common silver coins, rounds, etc. for reasonable prices. Might be worth a shot.

 

 

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