Quote:
Originally Posted by homerunhitter
after researching it, my concern is spot price for silver is currently $25, you cant find them anywhere on ebay for less than $40 and when it comes time to sell dealers are buying them for $12-15, so paying $40 for a $25 coin to just sell for $15 doesnt seem like a good investment to me!
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The spreads are not nearly that bad for bullion coins or bars. If you have American eagles or Canadian maple leafs, there is a premium for the minting costs, like maybe $100 for a gold ounce, or $3.00 for silver, when you buy them, but reputable coin dealers will buy them back for spot or pretty close. Bars have an even smaller spread (they'll cost less, but you might get a bit under spot when you sell.) I'd recommend buying and selling from the same dealer when possible.
There is no way you'll pay $40 for coins you'll sell for $15, unless spot drops 50%.