Any silver stackers on the board?

[bbcard1]

The last couple of years, I've tried to buy an ounce of gold and a little silver. I usually like the Australian stuff...it's pretty.

[vintagetoppsguy]

Anybody able to find any silver at their LCS or elsewhere? My LCS sells it as quickly as he gets it. If you've bought some, what kind of prices are you paying? I see it for sale on eBay and generic 1 oz bars and rounds seem to be going for about $24-$28 delivered. I just can't see paying that much. Then again, I may be looking back in a few months from now and be wishing I'd picked it up at that bargain price. Who knows?

My LCS has plenty of junk silver (90% silver coins). Last week, I purchased some Peace Dollars and Mercury Dimes. I paid $18 each for the Peace Dollars so 18X FV, and I paid $1.50 each for the Mercury Dimes so 15X FV. How much is junk silver going for where you live?

I'll probably go back to my LCS this weekend and hopefully he has some bullion but, if not, I'll buy some more junk...maybe some halves.

What are your recent experiences?

[Mikehealer]

David, I would say that's a good deal on the silver dollars. From my experience
silver dollars usually sell for a little more than the ounce spot price. I had a good friend a couple of years ago selling his mom's silver coins and the local coin shop offered $17 each for the dollars, silver at the time was between $14-15.

[ronniehatesjazz]

Originally Posted by Mikehealer

David, I would say that's a good deal on the silver dollars. From my experience
silver dollars usually sell for a little more than the ounce spot price. I had a good friend a couple of years ago selling his mom's silver coins and the local coin shop offered $17 each for the dollars, silver at the time was between $14-15.

This is correct. Typically spreads are ~$1 over spot for rounds and $2-4 for eagles (over the recent 10+ years... obviously a percentage is more useful for spot prices significantly less than or greater than they are today). Right now spreads are wild but to mitigate it you could buy at basically spot with GLD or SLV. I think there is still a lot of value in having physical bullion (just my opinion with unfortunately no insight to the future of gold and silver prices) but if it's for purely an investment a mix of one of the ETF's and physical could be a nice play (in case something happens to the ETF... delivery issues, unlikely government confiscation, etc.) as the physical will still have a spread over spot on the bid side. If it's more from a collecting aspect, I would hold off for spreads to drop or just buy a small amount at today's prices.

[Mikehealer]

I buy gold and silver that I like. The same way I buy cards. As for gold, the $10 gold Indians are easily my favorites.
I like silver dollars and halves, especially the walkers as well as old silver bars.

[vintagetoppsguy]

Finally picked up some silver today from US Coin and Jewelry here in Houston. I paid $20.50/oz. I thought that was a pretty good price. It seems like the premiums are back to where they were pre-pandemic.

I picked up (10) 1oz Merrill Lynch bars and (2) 5oz SilverTowne bars.

[Snapolit1]

Granted these bars are kind of cool, but why not just plow money into a ETF or fund specializing in silver, and not have to worry bout storing bars in a shoebox in your garage and having to sell them some day?