Alternate ways of buying cards

[parkplace33]

In the last week on the internet, I was offered two non standard ways of paying for cards. One person wanted to send me crypto currency and another wanted to send silver. Is this something new?

[Johnny630]

I don’t know what’s going on…..I do think stuff is being bought on margin and leverage with assets other then cash. I’ve never seen people at shows spend the kinda cash in person comparable to what cards are selling for in PWCC, Goldin, and ML.

The auction houses have the market cornered.

[swarmee]

The crypto request is not really new. There are a ton of crypto millionaires that are trying to get rid of having to convert to cash, and just turn it into other investments. Not sure if it's to get out of paying taxes somehow or just because they hate using government dollars.
I believe there are a couple of large auction houses that now accept bitcoin for payment on sports card auctions.

[oldeboo]

Originally Posted by parkplace33

Is this something new?

Nah, silver has been used for several thousand years as a form of payment and long before the dollar bill. I know I'd rather have a handful of silver than a handful of dollar bills, especially over any significant duration.

[Peter_Spaeth]

If thirty pieces of silver were good enough for Judas...

[Aquarian Sports Cards]

Originally Posted by oldeboo

Nah, silver has been used for several thousand years as a form of payment and long before the dollar bill. I know I'd rather have a handful of silver than a handful of dollar bills, especially over any significant duration.

I would be worried someone is trying to pass fake silver

[vintagetoppsguy]

Originally Posted by oldeboo

I know I'd rather have a handful of silver than a handful of dollar bills, especially over any significant duration.

+1

Originally Posted by Aquarian Sports Cards

I would be worried someone is trying to pass fake silver

You just have familiarize yourself with what to look for...like cards or any other item that's faked.

[nat]

"I know I'd rather have a handful of silver than a handful of dollar bills"

I dunno man, silver is trading at $26/oz, I bet dollars are going for more than that.


__________________________________________________ ___________________
Edit: okay, so I did the calculations, and it's closer than I thought. A dollar weighs one
gram, so an ounce of dollar bills is going to be worth a bit more than $28.

[vintagetoppsguy]

Originally Posted by nat

Edit: okay, so I did the calculations, and it's closer than I thought. A dollar weighs one
gram, so an ounce of dollar bills is going to be worth a bit more than $28.

Silver is still more. Your $26/oz point of reference is the spot price - paper silver - mining stocks, ETFs, etc. Physical silver isn't tied to spot price in any way. I bought some bullion just today. I paid $31/oz.

[Peter_Spaeth]

Originally Posted by vintagetoppsguy

Silver is still more. Your $26/oz point of reference is the spot price - paper silver - mining stocks, ETFs, etc. Physical silver isn't tied to spot price in any way. I bought some bullion just today. I paid $31/oz.

Does the spot price exist anywhere such that you can actually buy at it? In gold for example people are always advertising best price only x dollars above spot. Makes me want to buy at spot.