Three questions on silver purchases....

There are many things you can buy besides silver eagles. There are silver rounds (1oz) (not numismatic and sorta plain but cheaper than eagles), there are 1oz bars, 10oz bars, the junk silver pre-1964 spoken alot about around here and 100oz bars. Silver Eagles demand a premium because they're really nice but the others are the same silver content and a bit less expensive. Except the old coins have less silver content.

i read this guy Don's Column every monday, wed, and fri. It is a great read. Anyway he seems honest and it is just him and his son dealing at
www.coloradogold.com. Check him out or just read his column.

with both Bullion Direct and Southern Coins and Precious Metals and Bullion Direct is usually a little cheaper, though both fill the orders fairly rapidly. The main difference between the two is SCPM buys back coins without having an account. They post their buy/sell prices on their web site (http://www.scpm.com). I have noticed that their buy price over spot has increased. Used to be they run spot plus $0.70 on silver eagles for the buy price, now they are showing spot plus $1.20. This tells me that they are not getting people to sell back to them as much as they used to get. This is also closer to true market value than the "paper" spot price. If I were going to sell right now, though, I would go through Ebay where you can get a much better price. As far as silver goes, I have a good bit of silver eagles AND 90% silver coins of different denominations and collector value.

If you ordered from APMEX you have no need to worry. Your order will show up. I have ordered from them numerous times, and so have many people I know.

Folks,
there is a silver shortage! we are in it... the price of silver you see on kitco is bull! soon the paper spot price won't be accurate.. it will be what someone will pay because they can't get it....buy all you can while you can! go read what ted butler has said about a silver shortage for the last 10 years.... www.butlerresearch.com

as for me and my home, we shall worship the LORD

Ruling by prayer
The apmex.com site is up and running.

NWT Mint is the best/cheapest place I've found on the net. It took about 3-4 weeks for them to fill the order and it was nerve wracking but it did finally come in.

Prices include shipping. Website is: http://www.nwtmintbullion...

They also have very fair repurchase prices. The local dealers are also fair, at least in my area. Best of luck. You may get nervous for the next couple of weeks as prices correct but it will come up as inflationary pressures take over. I'm looking for silver to slip to about 15.5/oz.

Take care!

thanks for the tips, and in response to crazycarman's question below, and in general....but I haven't gotten anything yet to store! However, I'm NOT putting it in my bank....but do you think we reallyneed to worry about confiscation?

You'll get your stuff.... it is nerve racking because you're out the $$$ and every day seems like an eternity.... you'll get it... but in the meanwhile.... GET MORE!!!!

This is probably the last buying opportunity before the mania phase...

Where are you storing it?? Hopefully not the bank!!

"Whether you think you can or think you cannot, you're absolutely right!"

I've bought over 400 "junk silver" dimes in the past four weeks from a coin shop at an average of just over $1.23 per dime. At that rate 500 dimes would have cost me $617.28.

Today a google search led me to a Web site (Lynn Coins) offering 500 "junk silver" dimes for $825.00 plus postage and insurance. That's a hefty markup!

Why dimes? My purpose is two-fold. First, the 90% silver coins could escalate in value rapidly depending on world events. Second, I can use the coins for small purchases in event of a thorough economic meltdown (depression), especially in the event of hyperinflation.

and they want $24.95 for a silver eagle.... and although I'm new at this...it seemed all their prices were really high compared to the cheat sheet I brought with me. There is one shop in town that acts like a broker and as long as I have a quote from another dealer, they will match it or beat it.
Why the silver eagles? I just know they are popular and harder to get right now....thought they'd be useful for future purchasing/bartering if necessary. I also got 90% silver coming -. Not sure how much I should continue as the economy is unpredictable right now - and because I don't have a surplus of wealth, I may be in a fix if I need dollars and only have silver. Right now, my college wants dollars, not silver!

Orders take varied amounts of time to receive depending on the vendor. The Eagles are in demand right now so likely you are in for a long wait.

I would question the APMEX "closure" and not send them (more) $$$ without a guarantee of some sort. What is you reason for wanting the Silver Eagles? They are nice coins but carry considerably more coinage load than other bullion. You will get more net ounces for your investment dollar by buying other generic bars and rounds that the coinage is only a few cents versus 'dollars'. "Junk" silver is a pretty good buy but typically 90% silver instead of .999. It comes in full bags of 715 ounces or 1/2, 1/4 or 1/10 bags with lesser quantities respectively. Also, you can pick up 773 oz. bags of 'junk' silver dollars but they tend to carry higher coinage. For sources of many products there are many. Also try coin shows and even gun shows usually have some coin dealers represented where I live, plus you can never have too many guns!

The Mint has been running low on silver for several years now. They are "out of stock" on many silver items and the shortage will only get worse according to most authorities. Silver has many commercial uses as well as intrinsic value for coins and jewelry and is being depleted more rapidly than it is replaced. Buy now and hold on to it for awhile!

local dealer for your coins. First, you can actually get to know someone you are dealing with. Second, if you pay in cash there is no record. Third, you get it in hand instead of waiting. You may pay a little more since the dealer has to make his mark-up, but the security is worth it for me. For instance my guy only charges $1 over spot for silver. Since he gave me two 2 gold chinese pandas 1/2 ounce for the same price of a whole ounce I am happy to pay $1 over spot for the relationship and getting better deals. In addition, if you need to cash in the silver who are you goting to go to? I know my guy will buy from me before he buys from a stranger.

I would buy from a local shop. Develop a relationship and support your local community.

You don't have to wait or wonder. You get the stuff immediately. Just my 2 cents.

Freedom is not FREE!!

I've purchased a gold liberty, 4 morgan silvers and 10 peace dollars. I was pleased with the results although I wsa persuaded to buy numismatic I think I will purchase $20 gold eagles in the future. Also more peace dollars. I will try other companies but was overall pleased with Swiss America.

It took about 2-1/2 weeks for the complete transaction. I sent a cashiers check but nothing will be shipped until checks clear. That is just the price of being safe. Do not purchase anything twice without recieving the first order. Don't be in too much of a rush depending on where you are in the country.

Keep an eye on everything going on and then decide being as careful as you can. Trust in yourself and whatever higher power you believe in and do nothing without being informed.

it's slow for everyone now ordering silver.

why did you order more if you haven't received your first order? i can guess that you wanted to get it low being afraid it will go high again. that said, it would have been best to wait. same people?
always go with someone you can trust.

it's a us mint issue and a shortage and a alot of orders now issue.

bump