Any silver stackers on the board?

[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?

[bnorth]

Originally Posted by 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?

Because when the worlds economy tanks everyone will automatically know silver is worth something. I know when paper money is no longer good I would happily trade food and water for silver because it is so cool and extremely useful.

[Snapolit1]

Originally Posted by bnorth

Because when the worlds economy tanks everyone will automatically know silver is worth something. I know when paper money is no longer good I would happily trade food and water for silver because it is so cool and extremely useful.

So when the world economy tanks and pandemonium sets in, you are going to walk to the nearest Subway sandwich store (which will be open and have food) and hand a silver bar to some guy in exchange for a few 6 inch subs? Or there will be gas at the nearest place miraculously and the guy happily take a silver bar?

No, I don't get it.

The UK is in its worst economic situation in 300 years. Are there people in pubs in London paying for pints with silver bars?