Buying Silver on a Weekly Basis

[margomaps]

Anyway, I just want to extend the invitation to join me in my next buy which will be in July (toward the beginning of the month).  So if it seems like it might be about time for you to make a silver purchase, by all means send me a PM or reply on this thread.  The more the buyers, and the bigger the order, the more money we can save on shipping and on per-ounce price.

I'll try to post a few more reminders before I'm ready to place my order.

Oops!  I caught a brief 50+ cent drop in spot price over the past couple days and placed an order.  Apologies for not giving anyone else a chance to join my monthly order, but I didn't want to wait for prices to spike back up.  Which they did, quickly.  I don't think I've ever timed it this well. 

I once again intend to place another order in August, and I'll try to remind people again before then.  Or if you already know you want in, please PM me what you're interested in ahead of time.

doobie, I still have your bars from the last order.  I don't know when I'll be able to make it to Murphy's in the near future, but your price is still locked in (at ~ $1/oz less than current APMEX prices).

[Critter183]

If you are buying silver, I know how to check that I'm not being screwed on weight...how do you tell if you are being screwed by getting something not as pure/other metal that looks like same, etc?

The only thing I buy are junk US 90% silver coins. I usually pick them off of ebay at or about spot price including shipping.

What I do is find someone selling a roll of junk quarters or halfs, check the current spot price at http://www.kitco.com/market/ then plug that number into the silver melt value calculator at http://www.coinflation.com/coins/silver_coin_calculator.html and bid that amount, less the shipping cost. I win some, lose some, but I win enough to keep me happy.

I always plug in the latest spot price from kitco because sometimes the spot price in the calculator is outdated.

[doobie]

anyone buy silver/gold shot?  Is it worth collecting silver/gold in shot vs coins/bullion?

[error]

anyone buy silver/gold shot?  Is it worth collecting silver/gold in shot vs coins/bullion?

Industrial users buy shot. I haven't heard of anyone using it in commerce.

[doobie]

anyone buy silver/gold shot?  Is it worth collecting silver/gold in shot vs coins/bullion?

Industrial users buy shot. I haven't heard of anyone using it in commerce.

Ahh, saw that it was just slightly over spot price and seemed like a good deal.

[Pat McCotter]

You could use the shot for making your own blanks to be used in the Shire Silver presses.

[doobie]

You could use the shot for making your own blanks to be used in the Shire Silver presses.

How would you make blanks?  Would you need a press or would it be melted then cast?

[Pat McCotter]

I've seen folks measure the weight of grains they want into a proper size crucible mold and then melt them. This gave the size blank they wanted. They were then able to press this as they wanted. They didn't have to worry about getting the right amount of molten silver into the mold.

[doobie]

I've seen folks measure the weight of grains they want into a proper size crucible mold and then melt them. This gave the size blank they wanted. They were then able to press this as they wanted. They didn't have to worry about getting the right amount of molten silver into the mold.

Thanks.  Both have a pretty high melt point... >950C.  And I bet it would be bad to mix silver and gold in the same heating pot at different times.

[error]

http://en.wikipedia.org/wiki/Electrum

[dalebert]

http://en.wikipedia.org/wiki/Electrum

Hey, they have that in D&D!

[K. Darien Freeheart]

Hey, they have that in D&D!

Great. Now where's my mithril?

[Pat McCotter]

Anybody who bought 2008-W Uncirculated American Silver Eagles may want to check them for a possible error and increased value. There were about 47,000 out of almost 400,000 coins minted in 2008 with the reverse design from the 2007 Eagles. These coins have greatly appreciated with prices ranging to $600 and more per coin.

The easiest way to tell these coins is the 'U' in 'United Sates' on the reverse of the coin. The 2008 design has a tail on the 'U' and the 2007 does not. There are other differences but this is the quick and dirty way to tell.

You would probably have had to pick these up early in the year to get this variety.

http://mintnewsblog.blogspot.com/2008/04/2008-w-silver-eagles-with-reverse-of.html

[Brandon]

Anybody who bought 2008-W Uncirculated American Silver Eagles may want to check them for a possible error and increased value. There were about 47,000 out of almost 400,000 coins minted in 2008 with the reverse design from the 2007 Eagles. These coins have greatly appreciated with prices ranging to $600 and more per coin.

The easiest way to tell these coins is the 'U' in 'United Sates' on the reverse of the coin. The 2008 design has a tail on the 'U' and the 2007 does not. There are other differences but this is the quick and dirty way to tell.

You would probably have had to pick these up early in the year to get this variety.

http://mintnewsblog.blogspot.com/2008/04/2008-w-silver-eagles-with-reverse-of.html

I thought I had one for a second, but forgot to check the front to make sure it was 2008.

[margomaps]

Why does the mint make subtle changes to the dies from year to year, for the same coin?  Is it so that forgeries are easier to identify?  If that's the case, then perhaps someone with one of these "special" 2008-W coins will have a tough time proving that their "incorrectly struck" coin is in fact not a forgery!