Quote:
Originally Posted by vintagetoppsguy
Tom,
The site in my signature line is a great place to buy junk silver (from individuals, not dealers). They have a great B/S/T section and members earn feedback from their transactions.
I think junk silver is going for about 12X to 13X FV (face value) right now, so it seems to me like you could buy a Morgan in the $12-$13 range. I don't buy much junk silver, so I may be off a bit, but I think I'm pretty close.
If you're seeing them on eBay in the $18-$19 range, it's either way overpriced or maybe the coins have some collector value???
Other than that, I don't have any sources for junk silver. I buy mostly bullion and I get it from SilverTowne.
www.silvertowne.com
My personal favorite are 1oz silver bars (in lots of 5, 10 or more)...
http://www.silvertowne.com/p-23736-s...-bar-10pc.aspx
I like 1oz bars because I think the'll be easier to sell when I am ready. If the price of silver went back to $48 an ounce, it stands to reason that 1oz bars would be easier to sell (open to more buyers - maybe in small lots) rather than trying to sell a 100oz bar @ $4800 (which would eliminate many buyers just because of the price point). |
David, I agree with a lot of what you are saying. But if you can buy Morgans for $12-13 each I'll take all of them. In fact, unless they have holes in them I would say $18-20 isn't a bad price. Which just confirms your stand to buy the non collectible bullion.