cougar14
US Veteran
Lowest it's been in a long time. I bought this morning from JM at 15.62 /oz.
Silver's cheap now
- Thread starter cougar14
- Start date
Register to hide this ad
Protocall_Design
Vendor
I never knew Jerry Miculek was a silver dealer!
THE PILGRIM
Member
zzzippper
Member
As I type the spot on silver is $15.01. Of course you would pay something over the spot price. I think some products can be bought for less than the 61 cent premium you paid if you watch for sales. I try not to exceed 29 cents over spot.
I invested in US silver dollars 25 years back. All are worth much more now. My Carson City dollars, halves, quarters, & dimes are out of sight.
italiansport
Member
I too have bought up American silver coinage and continue to do so. I believe it's an excellent hedge in the case our dollars head South in value.
Jim
Jim
I sold out all the silver I had back when the Hunt Bros. tried to corner the market and drove the price up to the high $50's, (I think was was $58 an oz when I sold). There was a line out the door at the dealer I sold to, waiting to sell.
As soon as there is an "outbreak" of werewolves the price of silver will skyrocket. 
Don
Don
I bought @ $7.20/ oz in 1981. I've doubled my money in less than 40 years. If'n I took that $760 ($40 assay fee too) and bought 58 shares of Disney when I was building the Mouse a new house (EPCOT), today I'd have about 2800 shares (with the 3 splits) worth over $300,000. Not going there again. Joe
crstrode
Member
40 years of inflation has left you in the red.
kwselke
Member
italiansport
Member
Once again: I do NOT consider the silver I've bought over the years an investment per se. I consider it a hedge if the dollar collapses and we have to go to a barter system. To me it's in the same category as the extra ammunition I keep on hand.
Jim
Jim
Back in the early 70's a wise old friend told me - no matter what happens to the paper money, you will always be able to take a silver dime and buy a loaf of bread and a silver quarter to buy a gallon of gasoline. He passed away 30 years ago, but he is still right.
JMBullion is selling one ounce Silvertowne St Gaudens rounds at .49 cents over spot.
I wish I had a little money to spend on silver. For the last 1 1/2 years, all my extra dollars have gone into my cow herd.
I like American Silver Eagles and US 90% coins. Dimes, quarters, halves, and some silver dollars. I bought most of what I have when silver was between $14.50 and $16.50 spot.
Not an investment. A store of value. If silver were to go to $25-$30, I would probably convert mine into heifers.
)
I wish I had a little money to spend on silver. For the last 1 1/2 years, all my extra dollars have gone into my cow herd.
I like American Silver Eagles and US 90% coins. Dimes, quarters, halves, and some silver dollars. I bought most of what I have when silver was between $14.50 and $16.50 spot.
Not an investment. A store of value. If silver were to go to $25-$30, I would probably convert mine into heifers.
)Ivan the Butcher
Member
In the 1920's in China (The Warlords period) U.S. and English coin silver was considered too political! So "Mexican Dollars" (real silver 5 Peso pieces) were an international standard of stability and trade (especially for arms shipments!).
There is some debate on bullion ingots, being accepted as payment in times of finical crisis (do to counterfeiting) and coinage is considered the standard for barter. That being said, I bought small (1, 5, & 10 ounce)certified ingots and put them away (and forget about them). My brother bought silver dollars. I really hope we never find out who is right!!!
Ivan
There is some debate on bullion ingots, being accepted as payment in times of finical crisis (do to counterfeiting) and coinage is considered the standard for barter. That being said, I bought small (1, 5, & 10 ounce)certified ingots and put them away (and forget about them). My brother bought silver dollars. I really hope we never find out who is right!!!
Ivan
Rock185
US Veteran
Years ago, I bought some one ounce silver rounds of some kind for $7.00/oz. Kept them several years and was happy to sell them at $7.00/oz. Big time investor here
Huskerguy
Member
As I type this at 7:23 CT, the price is bid 15.04 and ask 15.14.
Around January of 16 the price dipped briefly under $14 which is the five year low. August 2013 saw a high of just over $24 - all of this in the last five years.
Going back 10 years, the low was August of 2008 and was around the $10 mark and by Sept/August 2011 it a high of just under $50.
These are rounded numbers taken from kitco.com
Might be time to be a buyer or it may go lower. Who knows?
Around January of 16 the price dipped briefly under $14 which is the five year low. August 2013 saw a high of just over $24 - all of this in the last five years.
Going back 10 years, the low was August of 2008 and was around the $10 mark and by Sept/August 2011 it a high of just under $50.
These are rounded numbers taken from kitco.com
Might be time to be a buyer or it may go lower. Who knows?
Don't forget investments in brass, copper and lead.
THE PILGRIM
Member
I'll probably buy some more Silver.
I like the Buffalo- Indian Rounds.
Or as you PC guys would say, the Native American - Bison Discs.
I won't post any pics, but trust me just this one time, I have plenty of ammo.
I don't have any cows.
A few ago I passed on an opportunity 'once in a lifetime?' To buy a Dairy Herd.
If I had writ that check, 300 Holsteins would have been mine!
No, I wouldn't need those rubber boots to wade through the stuff.
A dairy family South of here would have been the herd leasee 'operator.'
I have invested in a lot of different things, but so far no cows.
There is the saga of the Overseas Shipping Containers.
That's a Soap Opera that cost me money!
Maybe I'll do a thread on that fiasco!
I like the Buffalo- Indian Rounds.
Or as you PC guys would say, the Native American - Bison Discs.
I won't post any pics, but trust me just this one time, I have plenty of ammo.
I don't have any cows.
A few ago I passed on an opportunity 'once in a lifetime?' To buy a Dairy Herd.
If I had writ that check, 300 Holsteins would have been mine!
No, I wouldn't need those rubber boots to wade through the stuff.
A dairy family South of here would have been the herd leasee 'operator.'
I have invested in a lot of different things, but so far no cows.
There is the saga of the Overseas Shipping Containers.
That's a Soap Opera that cost me money!
Maybe I'll do a thread on that fiasco!
Last edited:
DWFAN
US Veteran
I stick to coins. Value will always go up.
DW
DW
squidsix
Member
I buy Canadian Maples. I have used them many times to trade for guns. The great part about Maples is that the lowest they will ever go is 5 Canadian dollars, and the highest they go is however high silver goes. Also: It's a technicality, but the US Gov isn't supposedly able to confiscate, since its a sovereign nation's currency.
It's amazing how many people don't know the value of silver.
There was a video on You Tube awhile back when silver was around 20$$ something an oz. He was standing outside a coin shop offering people a oz. of silver or a candy bar for free. Can't believe how many took the candy bar. Said the video was not edited, only a foreigner took the coin.
There was a video on You Tube awhile back when silver was around 20$$ something an oz. He was standing outside a coin shop offering people a oz. of silver or a candy bar for free. Can't believe how many took the candy bar. Said the video was not edited, only a foreigner took the coin.
Years ago, I bought some one ounce silver rounds of some kind for $7.00/oz. Kept them several years and was happy to sell them at $7.00/oz. Big time investor here
My brother has been a coin collector since the 1950s. He started buying silver, scrap, coins, rounds, bars, etc., in the early 1990s. He told me he had several 100 oz bars he paid $4.00 an ounce. He accumulated a bunch just buying a few ounces here and there, @nd buying coins etc at shows. When silver got in the $40 range a few years back, he sold out. He paid cash for a very nice ocean front condo in Panama City, Fla with the proceeds.
The point is that silver isn't something you are going to get rich overnight with, but if you accumulate a little along, you will probably have opportunities to "cash in". from time to time.
LoboGunLeather
US Veteran
Just about a year ago a friend told me of an acquaintance who needed to move some silver quickly due to a family emergency. Three 100-oz. bars, serial numbered, with assay certificates, well known US producer. Market value at the time was just over $15 per oz, so I was looking at about $4500 total fair market value. Asked the man what he would take, he first said $4000, then went down to $3600 for immediate sale ($12 per oz). It took me about 4 months to find a buyer with the market just over $16 per oz, at which time I sold for $15.50 ($4650 total with me paying $48 for insured delivery via FedEx).
What I learned: (1) 100-oz bars are much more difficult to liquidate than smaller pieces; (2) very few knowledgeable folks routinely pay spot (or premium over spot) prices, with lots of folks looking for bargains; (3) don't invest in such things with an expectation of quick and easy liquidity.
For most "investors in precious metals" I would suggest that a little premium over spot value is to be expected at purchase, a little discount against spot is to be expected upon sale, and such investments should be looked at only as long-term rather than quick-turn.
I made a thousand bucks, but it took several months and required some effort. Your experiences may vary.
What I learned: (1) 100-oz bars are much more difficult to liquidate than smaller pieces; (2) very few knowledgeable folks routinely pay spot (or premium over spot) prices, with lots of folks looking for bargains; (3) don't invest in such things with an expectation of quick and easy liquidity.
For most "investors in precious metals" I would suggest that a little premium over spot value is to be expected at purchase, a little discount against spot is to be expected upon sale, and such investments should be looked at only as long-term rather than quick-turn.
I made a thousand bucks, but it took several months and required some effort. Your experiences may vary.
italiansport
Member
I agree regarding the beauty of the St Gaudens $20. However, for us regular collectors it's hard to beat the beauty on the Morgan silvers dollars!
I try to buy some at every gun show I attend!
Jim
I try to buy some at every gun show I attend!
Jim
Similar threads
