Buying Silver

[Sailor]

True, I just was getting the impression that you were saying the cost per troy oz of junk silver was less than silver in rounds.

 

[rhino]

I go with whatever I can get at the lowest cost per oz. of Ag.

A couple of years ago at a shop I used to frequent, the junk silver pre-1964 coins were a better deal on a particular visit on that basis since the shop set the price at a multiple of face value vs. $3 added per oz. of bullion.

Most of the time, bullion has been a better value. Some dimes and quarters are very handy to supplement the bulk. Plus, it's easy to carry a stack of pre-64 dimes for emergencies!

 

[prescut]

In the name of accuracy I should state that I have made more money in the last 5 years investing in Lead than in silver or gold. It's not considered a precious metal, but the prices on .22 are 3 and 4 times what I paid for it.
The problem is like owning an ice cream store and eating up all the profits. I just keep eating up all my lead.
Lost

 

[CountryBoy19]

In the name of accuracy I should state that I have made more money in the last 5 years investing in Lead than in silver or gold. It's not considered a precious metal, but the prices on .22 are 3 and 4 times what I paid for it.
The problem is like owning an ice cream store and eating up all the profits. I just keep eating up all my lead.
Lost

If you're a good scrounger there is quite a bit of money to be made in scrounging scrap lead, melting into ingots, and selling to casters... but it's also labor intensive.

 

[darend505]

Question on silver bars. I unfortunately have to sell what silver I have left to pay off some debt. I have 5 (10) oz, 2 of which are Englehard, why does this mint carry such a premium, I am seing P series, 11th series bars, 2 of which I have sell continually well over the spot price. They are selling 200 plus while other bars are priced just over spot.

 

[Brandon]

I don't buy silver bars that carry a huge premium over what others go for. To each their own, wish I could answer your question but I do not have an answer.

 

[rhino]

Question on silver bars. I unfortunately have to sell what silver I have left to pay off some debt. I have 5 (10) oz, 2 of which are Englehard, why does this mint carry such a premium, I am seing P series, 11th series bars, 2 of which I have sell continually well over the spot price. They are selling 200 plus while other bars are priced just over spot.

I don't know the answer to your question, but given the low price of silver now, be glad you'll get a little more for yours!

 

[snorko]

Question on silver bars. I unfortunately have to sell what silver I have left to pay off some debt. I have 5 (10) oz, 2 of which are Englehard, why does this mint carry such a premium, I am seing P series, 11th series bars, 2 of which I have sell continually well over the spot price. They are selling 200 plus while other bars are priced just over spot.

The original Englehard bars are considered to be of superior quality and the ORIGINAL company is out of business. So folks who collect silver will pay a premium, especially for the poured bars and odd sizes and weights. The name has been licensed now and you can get new production bars and rounds from Provident and others with the Englehard name, but it does not carry the premium.

So if you can find a buyer who appreciated the collectability, you'll get the premium.