Whats the best source of silver coins, rounds, and bars?

[mts]

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!

 

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[Diver_Down]

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.

 

[DigginThePast]

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

www.tulving.com

 

[mts]

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.

Good point. Our local sales tax is 6.75% which would be an extra $337.50 on a $5000 purchase.

 

[Diver_Down]

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.

 

[dunc]

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

Buy from a shop. What state are you in?

 

[testing123]

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.