Can we discuss buying Silver

[mouthpiece]

I’ve been trying to figure out this Silver buying thing and I am totally lost.
Why is it the market price for Silver is for example $15 oz and
It Seems like most sellers are trying to get for example $16.50 oz.
These are not collectible coins, (and I don’t want to purchase collectible coins or bullion)
they seem to be newly minted coins or little square bullion bars.
Halp!!

 

[surjimmy]

Say silver is selling for $15 a oz, that is called Spot. Think of Spot($15 oz) as wholesale and $16.50 is Retail

 

[Hobbes]

The surging dollar is causing gold and silver prices to decline dramatically.
Silver was down 4.17% today closing at 14.43
Some sellers are slow to adjust prices accordingly.
Patience

 

[rlongnt]

Don's Coin @ 31st and Sheridan in Tulsa is reputable and adjusts prices in real time.

 

[SlugSlinger]

If you decide to buy, you can buy your first 10 ounces at the spot price here:
https://www.jmbullion.com/

 

[golddigger14s]

They are a business, and they need to make money. $1.50 over spot is reasonable. And some places will offer free shipping for going over a certain amount. Shipping in most cases is the killer. So $1.50 with free shipping is OK. It's just a crap shoot down the road if silver (or any metal) exceeds spot plus any cost.

 

[mouthpiece]

So uncirculated is the best silver buy in?

 

[SlugSlinger]

So uncirculated is the best silver buy in?

Check out the site I posted. You can compare what they sell and buy for prices and see what has a bigger margin when you sell it.

 

[Powerman620]

I bought five Morgan dollars and a couple 1 oz coins last week for $15 each. Need to look at dates and see what they are worth.

 

[John6185]

I bought five Morgan dollars and a couple 1 oz coins last week for $15 each. Need to look at dates and see what they are worth.

That's a pretty good deal on the Morgans! Hopefully they haven't been cleaned but either way it's a bargin!