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Posted: 3/14/2011 7:02:33 PM EST
[Last Edit: 3/14/2011 7:05:17 PM EST by hooah]
I just got randomly selected to buy these five 5oz silver coins (25oz total) from A****. I can buy these for $875.33+$99S&H or $974.33 total ($38.97/oz) and I see them going from around $1800 today. Should I commit?

Here is an already completed auction for the EXACT same thing that sold for $1800 today.
http://cgi.ebay.com/America-Beautiful-2010-Silver-5oz-5-Coin-Set-Sealed-/300536819558?pt=Coins_US_Individual&hash=item45f963ef66#ht_718wt_892

And one from yesterday that sold for $1875.
http://cgi.ebay.com/2010-America-Beautiful-5-oz-Silver-PCGS-BU-FS-Coins-/120694560410?pt=Coins_US_Individual&hash=item1c19f4d69a#ht_615wt_892

*Left cold for a reason.

I have only two hours to commit. Thanks for the help.
Link Posted: 3/14/2011 7:12:50 PM EST
Link Posted: 3/14/2011 7:15:09 PM EST
First, they're not coins. They're silver. I'd rather get silver coins and not silver made to look like coins.
Link Posted: 3/14/2011 7:22:21 PM EST
[Last Edit: 3/14/2011 7:23:36 PM EST by David14]
Silver is at $34.96/oz right now.

$34.96 x 25oz = $874.00

Purchasing at this price is a good deal only if you believe silver will continue to increase in value, AND if you believe it should cost $99 to ship something that weighs 25oz.

By way of comparison, just prior to the Y2K hype, silver was barely over $5/oz. And I'm reasonably sure it shouldn't cost $99 to ship something that weighs just over 1.5 lbs.
Link Posted: 3/14/2011 7:31:27 PM EST
They're just bullion and have no numismatic value, so there's no point in paying anything above spot for them.

Apmex is your friend.
Link Posted: 3/14/2011 7:39:37 PM EST
I'd skip 'em and get some eagles or maples. They are hella raping you on shipping

Posted Via AR15.Com Mobile
Link Posted: 3/14/2011 8:43:07 PM EST
Originally Posted By phurba:
They're just bullion and have no numismatic value, so there's no point in paying anything above spot for them.

Apmex is your friend.




Originally Posted By Star_Scream:
I'd skip 'em and get some eagles or maples. They are hella raping you on shipping

Posted Via AR15.Com Mobile



If I bought 25 Silver Eagles from APMEX, it would cost $1,031.00 plus $19.95 S&H or $1050.95 ($42.04/oz). There is a premium associated with all silver bullion that I am finding. I am looking for an immediate turn-around and all the offers on 'the auction' site has them going for a significant premium. Some have over 25+ bids and there are multiple purchases which decreases my fear of shill accounts.
Link Posted: 3/14/2011 8:46:59 PM EST
Originally Posted By hooah:
Originally Posted By phurba:
They're just bullion and have no numismatic value, so there's no point in paying anything above spot for them.

Apmex is your friend.




Originally Posted By Star_Scream:
I'd skip 'em and get some eagles or maples. They are hella raping you on shipping

Posted Via AR15.Com Mobile



If I bought 25 Silver Eagles from APMEX, it would cost $1,031.00 plus $19.95 S&H or $1050.95 ($42.04/oz). There is a premium associated with all silver bullion that I am finding. I am looking for an immediate turn-around and all the offers on 'the auction' site has them going for a significant premium. Some have over 25+ bids and there are multiple purchases which decreases my fear of shill accounts.


Silver Eagles are also inflated. Some people like them and feel that they're worth a premium. I don't - to me they're just bullion. They're not official coinage; they just look cool.

If I were in a buying mood I'd buy Random generic rounds or bars or junk silver. Last time I was paying attention you could still make some money buying junk silver on ebay.
Link Posted: 3/14/2011 9:00:38 PM EST
[Last Edit: 3/14/2011 9:01:29 PM EST by hooah]
Originally Posted By phurba:
Originally Posted By hooah:
Originally Posted By phurba:
They're just bullion and have no numismatic value, so there's no point in paying anything above spot for them.

Apmex is your friend.




Originally Posted By Star_Scream:
I'd skip 'em and get some eagles or maples. They are hella raping you on shipping

Posted Via AR15.Com Mobile



If I bought 25 Silver Eagles from APMEX, it would cost $1,031.00 plus $19.95 S&H or $1050.95 ($42.04/oz). There is a premium associated with all silver bullion that I am finding. I am looking for an immediate turn-around and all the offers on 'the auction' site has them going for a significant premium. Some have over 25+ bids and there are multiple purchases which decreases my fear of shill accounts.


Silver Eagles are also inflated. Some people like them and feel that they're worth a premium. I don't - to me they're just bullion. They're not official coinage; they just look cool.

If I were in a buying mood I'd buy Random generic rounds or bars or junk silver. Last time I was paying attention you could still make some money buying junk silver on ebay.


25oz from that would cost $959.00 + $19.95 = $978.95 ($39.16/oz)

Your recommendation would actually be $4.62 MORE expensive, for silver that carries no premium if I want to sell (unlike the ATB coins which seem to be selling for almost 2x), not minted by the US government in a aesthetically pleasing manner, and not guaranteed by the US government of its weight and purity.

Why would I want to purchase that silver over what I originally purposed?
Link Posted: 3/14/2011 9:26:34 PM EST
[Last Edit: 3/14/2011 9:26:58 PM EST by www-glock19-com]
haven't looked at ebay lately
know where to sell my kookaburras if I decide to

1300-1500 for a kilo? Jesus Christ

too bad ebay/paypal takes 10%
Link Posted: 3/15/2011 6:12:27 AM EST
Originally Posted By www-glock19-com:
haven't looked at ebay lately
know where to sell my kookaburras if I decide to

1300-1500 for a kilo? Jesus Christ

too bad ebay/paypal takes 10%


The ebay and paypal fees will cut into the profits.
Link Posted: 3/15/2011 11:16:10 AM EST
Originally Posted By phurba:
Originally Posted By hooah:
Originally Posted By phurba:
They're just bullion and have no numismatic value, so there's no point in paying anything above spot for them.

Apmex is your friend.




Originally Posted By Star_Scream:
I'd skip 'em and get some eagles or maples. They are hella raping you on shipping

Posted Via AR15.Com Mobile



If I bought 25 Silver Eagles from APMEX, it would cost $1,031.00 plus $19.95 S&H or $1050.95 ($42.04/oz). There is a premium associated with all silver bullion that I am finding. I am looking for an immediate turn-around and all the offers on 'the auction' site has them going for a significant premium. Some have over 25+ bids and there are multiple purchases which decreases my fear of shill accounts.


Silver Eagles are also inflated. Some people like them and feel that they're worth a premium. I don't - to me they're just bullion. They're not official coinage; they just look cool.

If I were in a buying mood I'd buy Random generic rounds or bars or junk silver. Last time I was paying attention you could still make some money buying junk silver on ebay.


I don't pay a premium on eagles and stick as close as possible to spot prices and even have kitco bookmarked on my phone for negotiations.

what I like is they are easily identifyable and easy to trade and sell.

Posted Via AR15.Com Mobile
Link Posted: 3/15/2011 11:18:33 AM EST
if you can't afford a green monster then don't waste your time, and save up to buy a monster
Link Posted: 3/15/2011 11:33:46 AM EST
[Last Edit: 3/15/2011 11:35:02 AM EST by The_Reaper]
Originally Posted By phurba:

Silver Eagles are also inflated. Some people like them and feel that they're worth a premium. I don't - to me they're just bullion. They're not official coinage; they just look cool.



They are legal tender, worth $1.00 face value.
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