Exactly how many dealers are desperate enough to dump it at that price? I wager not many. Unless it is a bankruptcy. I've checked a few coin dealers in my area over the past couple of months and they were sold out of all silver. They may acquired a bit since then but I haven't checked. Recently visited a larger dealer in Tucson and he had maybe 100 ounces of miscellaneous bars, rounds, 90%, and some slabbed coins. Call a dealer in your area and ask him if he is willing to sell at that price. Then get back to me with a phone number. I will gladly buy his Morgans @ 18 bucks.According to Coinflation melt value is a dealer price.
I see no advantage to paying a bigger premium on dollars than Eagles, when buying for bullion.
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1. well said - whether metals, guns, knives, cars, significant other.Buy whatever turns your crank.
Couldn't agree more. If maximizing one's financial position is the goal, I'd take generic or junk silver over the eagles too.I see no advantage to paying a bigger premium on dollars than Eagles, when buying for bullion.
And I'm sure an equivalent rate of return long term too!At least my 401k provides me with a 1099 so I can make sure I pay my taxes properly.
I’m bitter.I recently lost all my silver eagles in a boating accident. My goal, before the boating accident, was when I retire To take a hundred ounces here and there to a coin shop and trade it for cash. I could then use that cash to take Mrs Mantooth out once a month for a nice seafood dinner.
besides being heavy (silver sinks fast when it falls overboard), the worst thing about silver is the stupid coin shop doesn’t even have the courtesy to give me a 1099 when I sell. They pay me in cash and then I have to “self report” my gains. At least my 401k provides me with a 1099 so I can make sure I pay my taxes properly.