Silver: Bars, Rounds, or Eagles?

[MunkyMan95]

Which do you prefer? If I had $100 to spend on silver, which one should I buy? If I buy rounds, should I buy random rounds or Silver Eagles?

[chinook]

In 1986 I had $1500 to spend on silver. I bought 2-100 oz bars.

 

I sold 1 in 1992 for a 50% loss and the other last year for a $100 loss.

 

Coulda bought MSFT at the same time and been retired now!!!

[Jazzy]

I'd buy a high-grade Franklin Half Dollar with nice eye appeal.

[MunkyMan95]

In 1986 I had $1500 to spend on silver. I bought 2-100 oz bars.

 

I sold 1 in 1992 for a 50% loss and the other last year for a $100 loss.

 

Coulda bought MSFT at the same time and been retired now!!!

 

MSFT?

[chinook]

In 1986 I had $1500 to spend on silver. I bought 2-100 oz bars.

 

I sold 1 in 1992 for a 50% loss and the other last year for a $100 loss.

 

Coulda bought MSFT at the same time and been retired now!!!

 

MSFT?

 

Microsoft. It went public in 1986.

[MunkyMan95]

I read about that somewhere. Something like if you invested $84 in 5 shares in Microsoft in 1986 you'd have something like 1500 shares worth $30,000 by now. Something like that.

[1BigMo-migration]

Well that depends:

 

For investment i'd buy 100 oz bars .999 fine silver.

 

To buy goods if the USD falls on its face,90% silver US coins.

 

PS: Bill Gates bought a silver mine if that means anything.

 

....Tony....

[cladking]

For a short term purchase buy whatever has the lowest spread. For a long term purchase buy whatever is most interesting or is cheapest.

[MunkyMan95]

Well that depends:

 

For investment i'd buy 100 oz bars .999 fine silver.

 

To buy goods if the USD falls on its face,90% silver US coins.

 

PS: Bill Gates bought a silver mine if that means anything.

 

....Tony....

PS: Bill Gates bought a silver mine if that means anything.

 

YEAH.... I'll go ahead and buy a silver mine with my $100

[michael]

dont talk to me about silver

 

i lost my in a half bag of silver circ merc dimes back in the 1990's

[MunkyMan95]

Tell us the story. I've got time.

[michael]

but if i was doing silver i would buy the cheapest silver american eagles i can get

 

they are somewhat collectible and easy to sell and pretty

[jtryka]

I'd buy some of the early Mexican onzas from 1982 or 1983, they are a full ounce pure, extra fat with a lettered edge and a gorgeous design. And on top of all thay, they rarely sell for more than $1 above spot!

[MunkyMan95]

OOOOOOOOOH...........

[jtryka]

I recently decided to put together a set of onza/libertad coins, here's a photo of the 1989 I just got a few days ago:

Some of the key dates are tough to find and pricey, but the common ones from 1982 and 1983 are pretty darn cheap. There was a guy at our local coin club meeting a few weeks ago that had several rolls, selling them for $10.25 each, which was spot at the time!

[MunkyMan95]

We don't have many coin shows where I live. There's a few coin shops, but they specialize mostly in US coins. Where might one find a place to get these at a nice price? Obviously eBay, but the bidding wars exhaust me.

[jtryka]

Most coin shops carry these, even if they focus on US issues, why not just ask the next time you go in?

[MunkyMan95]

Will do. Now I have another question. If I wanted to buy a bar from one of the major precious metal websites (kitco, apmex, etc.) which one should I choose? I can't spend too much... Or should I go through eBay or one of my dealer friends?

[jtryka]

For buying small amounts of bullion, I would go through a local dealer as postage for delivery will kill you! A dealer will likely charge a small premium over spot for a 10-oz bar, and you carry it out with no postage. Most eBay or mail order buying will result in at least $5 shipping which automatically adds 50 cents an ounce to your cost for a 10-oz bar.

[crazyboutcoins-migration]

I once had three 100oz bars. I had to unload 2 (at a profit) years ago. Still have 1 and do not plan on getting rid of it. I've got to say if you've never held one in your hand, you need to. Cold and heavy. Just plain cool! Then you start dreaming "if only this was gold"!!!

[Jazzy]

These aint bad either if you like big chunks of silver barely over spot.

 

 

[MunkyMan95]

I was planning on buying a 10 oz. bar from apmex.com, but they sold out today! So now should I go through eBay and buy a 10 oz or 2 5 ozs, or something else? They had 117 bars yesterday at ampex and now they have 0.

[rons]

I am still more the bar type ................... but don't tell my wife

[cpm9ball]

I am still more the bar type ................... but don't tell my wife

 

I won't if you pick up the tab!

 

Chris

[MunkyMan95]

I just bought a 5 oz Johnson Matthey silver bar for around $73. Should I have payed this much, or not? Do you guys think it will be a good investment for the future, meaning do you think that in the future I can sell it again for over $73, or will silver plunge on me?

[zrlevin]

I just bought a 5 oz Johnson Matthey silver bar for around $73. Should I have payed this much, or not? Do you guys think it will be a good investment for the future, meaning do you think that in the future I can sell it again for over $73, or will silver plunge on me?

 

Murphy's law, man! I expect to see silver back at $4.50 an ounce tomorrow.

 

Zach

[MunkyMan95]

In that case, I'm screwed.

[MunkyMan95]

I'm lovin the success of this thread! Keep up your posts and your votes!

[Here]

The only way to go with investing with silver is pools.

 

 

 

Jerry

[jtryka]

I have a little 5-oz bar that I've had for probably 15 years, I think I paid like $25 for it. Of course around that time I kept that one and sold the 100 oz bar for a loss! Did your price include shipping? If it did that sounds fair, if shipping was on top of that price I think you paid too much, especially since someone on the marketplace was selling silver eagles for $13 each, 5 oz. = $65. Though you seem enamored with a bar, but for me, silver bullion is silver bullion. My uncle still has a bunch of 1 kg. silver bars he bought back in the 1960s, probably at not much more than $1/oz. and those are some of the coolest bars I've seen.