Moderate Mammal
2005-05-10 11:36:22 UTC
I'm having a bit of confusion on buying gold and silver, mainly of
coin bullion from local shops. Therefore, I have some questions.
-Buying silver rounds. Does is make much difference if one is
purchased minus the '.999 troy ounce' engraving on the coin?
-Finding a coin dealer that is interested in doing business. Went to 3
shops and told them I'm interested in spending about $100-200 week on
purchasing silver and gold rounds as well as some 90% pre-1965
quarters and dimes. None seemed too thrilled about my business. Plus
the aura, with all due respect, of sleaze. Kinda like a highway auto
dealer. And the insult of the inability of selling 90% coins by the
ounce. "We don't sell them that way". No? If the coins are sold for
there silver content only, why not?
-Pricing. What's a fair price for both the dealer and myself
concerning silver rounds over spot? Gold rounds? One dealer stated
that all his gold rounds are $20 over spot no matter what coin
fraction. I understand the logic of minting as presented but it seems
a bit silly to pay $20 over spot for 1/10 of an oz of gold. Say, at
$425 oz a coin with $42.50 spot gold costs $62.50.
-Purchases other than coin shops. Most Internet site offers are
negated by shipping, handling and insurance. For example, today I
bought 10 Englehard Silver rounds from a local shop at $1 over
spot(current price of market Silver).
A website will offer the same or other notable brands at $.50 over
spot. But charge $20 for shipping. And on Ebay one can find small
amounts for spot price but again shipping negates the logic of it all.
And the inherent risk of E-bay purchases. I'm unwilling to purchase a
$1000 at a time.
-Numismatics(The art and science of a coins' value other than mineral
content) Although the more I educate myself on coins and the art of
collecting seems like a hell of a lot of fun; I'm mainly interested in
coins as an alternative investment especially since the oligarchy is
bent on sending us to hell with their sleaze economics, illegal
immigration, outsourcing and slave labor model. OTOH, is there some
value in combining both methodologies of coin investing? A simple
example would be buying a government minted Silver round such as the
American Eagle, Canadian Maple Leaf...which carry a premium over their
spot mineral content. Or other coins that may have both numismatic
value along with the metal. I don't of course want to have to sell a
rare coin just for its silver content.
-Okay, let's cut to the chase besides my whining. What is a
reasonable offer to a local coin dealer for silver/gold rounds,
generic, name brand and government issued that is both fair for the
dealer and myself. And 90% silver coins, quarter and dimes.
Thank
--
Keith
-------------------------------------
Fed up with illegal immigration?
_____
http://idexer.com
http://www.libertypost.org/cgi-bin/listarticles.cgi?117
http://www.saveourstate.org
http://www.newswithviews.com/Wooldridge/frostyA.htm
http://www.americanpatrol.com/LINKS/LINKS.html
http://www.vdare.com/links.htm
http://www.stoptheinvasion.com/links/
http://fairus.org/
http://numbersusa.com/index
_____
"Cosmic upheaval is not so moving as a little child pondering the death
of a sparrow in the corner of a barn." -Anouk Aimee, French Actor
_____
"Death is better, a milder fate than tyranny", Aeschylus (525BC-456BC),
Agamemnon
_____
"I wear no Burka." - Mother Nature
----------
To send mail: remove hutch
coin bullion from local shops. Therefore, I have some questions.
-Buying silver rounds. Does is make much difference if one is
purchased minus the '.999 troy ounce' engraving on the coin?
-Finding a coin dealer that is interested in doing business. Went to 3
shops and told them I'm interested in spending about $100-200 week on
purchasing silver and gold rounds as well as some 90% pre-1965
quarters and dimes. None seemed too thrilled about my business. Plus
the aura, with all due respect, of sleaze. Kinda like a highway auto
dealer. And the insult of the inability of selling 90% coins by the
ounce. "We don't sell them that way". No? If the coins are sold for
there silver content only, why not?
-Pricing. What's a fair price for both the dealer and myself
concerning silver rounds over spot? Gold rounds? One dealer stated
that all his gold rounds are $20 over spot no matter what coin
fraction. I understand the logic of minting as presented but it seems
a bit silly to pay $20 over spot for 1/10 of an oz of gold. Say, at
$425 oz a coin with $42.50 spot gold costs $62.50.
-Purchases other than coin shops. Most Internet site offers are
negated by shipping, handling and insurance. For example, today I
bought 10 Englehard Silver rounds from a local shop at $1 over
spot(current price of market Silver).
A website will offer the same or other notable brands at $.50 over
spot. But charge $20 for shipping. And on Ebay one can find small
amounts for spot price but again shipping negates the logic of it all.
And the inherent risk of E-bay purchases. I'm unwilling to purchase a
$1000 at a time.
-Numismatics(The art and science of a coins' value other than mineral
content) Although the more I educate myself on coins and the art of
collecting seems like a hell of a lot of fun; I'm mainly interested in
coins as an alternative investment especially since the oligarchy is
bent on sending us to hell with their sleaze economics, illegal
immigration, outsourcing and slave labor model. OTOH, is there some
value in combining both methodologies of coin investing? A simple
example would be buying a government minted Silver round such as the
American Eagle, Canadian Maple Leaf...which carry a premium over their
spot mineral content. Or other coins that may have both numismatic
value along with the metal. I don't of course want to have to sell a
rare coin just for its silver content.
-Okay, let's cut to the chase besides my whining. What is a
reasonable offer to a local coin dealer for silver/gold rounds,
generic, name brand and government issued that is both fair for the
dealer and myself. And 90% silver coins, quarter and dimes.
Thank
--
Keith
-------------------------------------
Fed up with illegal immigration?
_____
http://idexer.com
http://www.libertypost.org/cgi-bin/listarticles.cgi?117
http://www.saveourstate.org
http://www.newswithviews.com/Wooldridge/frostyA.htm
http://www.americanpatrol.com/LINKS/LINKS.html
http://www.vdare.com/links.htm
http://www.stoptheinvasion.com/links/
http://fairus.org/
http://numbersusa.com/index
_____
"Cosmic upheaval is not so moving as a little child pondering the death
of a sparrow in the corner of a barn." -Anouk Aimee, French Actor
_____
"Death is better, a milder fate than tyranny", Aeschylus (525BC-456BC),
Agamemnon
_____
"I wear no Burka." - Mother Nature
----------
To send mail: remove hutch