Quote:
Originally Posted by onwebcam
Silver here.. mostly coins and bars. I've seen a 400+% return on the money since last Jan when I got in on some .999 1oz silver rounds for $8.50. For those who don't have a lot of money a cheap way to buy silver is to hit the thrift stores and look for silver flatware, platters, jewelry etc. (look for .925 or Sterling markings) The people running most of these places don't have any clue as to the value.
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Any local Coin Shop should have silver rounds/bars for sale ... most will readily sell for around $2-3 over spot on JM and/or Englehard rounds/bars ... Silver Eagles will probably cost you $4-5 over spot. Major Government distributors that have to buy in HUGE lots from the Gov't have to pay $2+ over spot from them. They sell it to dealers like myself for $.50-1.00 over their cost + postage. Then, of course, we have to mark it up from there.
Sidenote: Most storefront dealers (unless they are unethical) will buy Eagles @ full melt and non-Eagles at minus $1+/- for nice looking generic silver. Beat to hell silver they usually buy @ $2-3 below melt as usually their market for the scabby stuff is a smelter. I usually get around 97% of melt from smelters.
And, that's the way it is, March 14, 2011 ... I think.
