How to buy silver...

[teh nzectar]

I'm wanting to buy some silver, and I was wondering whether I should buy junk coins, or silver bars or rounds. If I should buy junk silver, is there a certain type of coin that is preferable? Thanks

 

[arkhunter]

all types have good/bad points.

so...research...and get some of several types

 

[mistergee]

as far as coins i know they recommend morgans especially AU62 or better...they do well over time...

 

[bradyboy]

I prefer bars

 

[MUD(S.W.A.T)]

Get AU-BU 90% Silver Coins... They have more numismatic value over time...

Keep @ It and HH!!

 

[bradyboy]

I'm on Eagles and bars, if you can by them right
watch out for the coin stores - rip off
Try flea margets and haggle
Must know what the spot is when you go to buy
Brady

 

[jernigan00]

In a hypothetical "dooms day" scenario, if you want to hedge against a devalued U.S. dollar, load up on any silver coins or rounds. Their easier to trade/barter/buy with. Same goes for gold coins (smaller denominations instead of the big 1 oz rounds).

BU, AU, MS will mean nothing then.

Anyone else notice when the value of the $ decreases, gold and silver market value increase. Something to keep in mind........

J.

 

[mistergee]

Anyone else notice when the value of the $ decreases, gold and silver market value increase. Something to keep in mind........

i think its because everyone pulls thier money out of stocks and start buying up gold and silver...i could be wrong...i'm no expert

 

[chong2]

jernigan00 is right. if your worried about a collapse, which seems very very near, buy rounds and bars, alot of people prefer more famous brands. englehard, johnson matthews, a-mark. pretty much anycoin shop will carry these. i know locally we have a shortage. so call around and ask how much abouve spot they are selling for. sucks cause i just paid 2.00 above spot the otherday. i remember in 2004 i was paying .25-.40 above spot.

 

[bradyboy]

Im with you guys
cant go wrong with bars or eagles
Brady

 

[chong2]

true on silver is silver and just get some, but alot of people dont know the 64 and earlier contains silver. i might cause some to be safe i would just stick with bars and rounds.

 

[chong2]

no prob TT.
i should have mailed u my scrap i just sold the other day. they wanted to pay .25 a gram, i was like um no....... so they gave .28 . still sucks. i sold around 600-900 grams. turned around and got rounds.

 

[bradyboy]

you have to be careful whem you buy silver online
the issue the the shipping costs
many dealers will grab you on the Shipping & Handling
I prefer to hunt locally at fleamarkets