Contact Us/Help!
Handle:
Password:
Forget Your Password?    Join for FREE!
gilbert33
Fountain Valley, OC, CA
84 blogs/859 comments
since Feb 7 2012

Level 2
AttributeLevel
Overall2
Safety3
Compliance3
Integrity3
Reliability2
Karma3
See Photo Albums
People paying too much for silver
Mar 22 2020 11:42AM more by gilbert33
Tags: Orange County, Random (All tags)

Today silver is approx. $12.63 a troy ounce. I have been purchasing precious metals for years. My favorite is silver because it comes in so many different ways. Bars, rounds, coins, skulls, lions, bullets..... all made out of .999 or .9999 silver measured in troy ounces or gram weight. Some of the items I have purchased were $2 or more over spot price but the items were neat designs: dragons, lions spiders...... Typically for rounds or bars you would pay 69 cents to 99 cents above spot price with no tax.

I have recently searched the 3 main manufacturers or mints to purchase at a lower price but they all have basically say out of stock. They are not out of stock it is because those mints purchased silver at a much higher price then today's spot price and to sell would mean a big loss.

Searched eBay and have been watching people purchase silver for over $20 ounce for rounds, bars and coins.

I can sell my own silver on eBay, I have been selling on eBay for about 10 years, for more now then I could when silver was $17 an troy ounce. i understand supply and demand but this still makes no sense to me.

      
There are 7 comments on this blog.
gilbert33
Fountain Valley, OC, CA
84 blogs/859 comments
since Feb 7 2012

Level 2
AttributeLevel
Overall2
Safety3
Compliance3
Integrity3
Reliability2
Karma3
See Photo Albums
Mar 22 2020 12:36PM     link to this

Thanks i will check these.
artnjazz
Santa Monica, LA, CA
LA, CA Today!
19 blogs/5284 comments
since Aug 10 2015

Level 5
AttributeLevel
Overall5
Safety5
Compliance5
Integrity5
Reliability5
Karma5
See Photo Albums
Mar 22 2020 12:49PM     link to this

Lol...cranny_op, you can't even afford fx points lol
billinirvine
Irvine, OC, CA
88 blogs/1903 comments
since Jan 25 2008

Level 3
AttributeLevel
Overall3
Safety3
Compliance4
Integrity3
Reliability3
Karma3
See Photo Albums
Mar 22 2020 04:14PM     link to this

Those who buy expensive silver now, did not buy cheap lead in the past.
Galen
Chatsworth, SFV, LA, CA
52 blogs/993 comments
since Oct 1 2009

Level 3
AttributeLevel
Overall3
Safety3
Compliance0
Integrity3
Reliability3
Karma3
See Photo Albums
Mar 22 2020 05:21PM     link to this

I use Golddealer, but their buy spread between buy and sell right now is crazy.

Still their price for an ounce of gold is ~$60 less than I bought last month. Would hate to have to sell though.
gilbert33
Fountain Valley, OC, CA
84 blogs/859 comments
since Feb 7 2012

Level 2
AttributeLevel
Overall2
Safety3
Compliance3
Integrity3
Reliability2
Karma3
See Photo Albums
Mar 22 2020 05:28PM     link to this

The most I ever purchased at once was 100 ounces. The last several purchases I made was through Silvertowne and Scottsdale. Silvertowne used to have really good prices on 90% unk silver bags and secondary market rounds and bars. all secondary markets rounds or bars were guaranteed to be the correct weight. Scottsdale was good because what you purchased from them they would buy back at the current bid price.
The least expensive was to purchase by check. You called and put a deposit down with a credit or debit card and then mailed a check. If the price goes up or down you buy at what you agreed to. If you back out then you lose your deposit. .
sleepyone
CA
62 blogs/950 comments
since Feb 27 2012

Level 2
AttributeLevel
Overall2
Safety3
Compliance1
Integrity2
Reliability2
Karma3
See Photo Albums
Mar 22 2020 08:29PM     link to this

$20 is cheap now. Most places selling for $25 now. That'll be a steal in 3 months.
AFMadness
Inland Empire, CA
264 blogs/5900 comments
since Aug 17 2009

Level 5
AttributeLevel
Overall5
Safety5
Compliance3
Integrity5
Reliability5
Karma5
See Photo Albums
Mar 22 2020 11:52PM     link to this

Liberty coin in Long Beach , behind Turners.
.
Kitco.com , where i find the spot price and barrel of oil.

Hard to believe $12 oz and 20 a barrel roughly.
There are 7 comments on this blog.