Silver Eagles discounted

[Dave Ridley]

in my experience pan ams are the most popular among porcupines

[penguins4me]

Even with silver around $13/oz, $1+ over spot sure has a lot of justifying to do for that brand identity.

How many regular silver swappers actually distrust "no name" generic silver rounds?

[mappchik]

I know we'd take some of the silver. Will have to discuss how many though.

Initial guesstimate would be 25, but it could be higher.

Change my answer to 50.

[porcupine kate]

I got the job change my order to 50.

[toowm]

I got the job change my order to 50.

Congratulations! 

[toowm]

Thanks everyone for your interest. Silver has had a nice decline (60 cents) this week. I'm looking at the numbers, and Dada and Penguin have made a good point, especially because we are over a price break point for rounds. Here is where we're at:

Currently 160 ounces (180 if Lloyd wants 20)

spot: $12.70 / oz
US Eagles @ 14.45
Canadian Maple Leafs @ 14.70
Pan Ams or NWT Mints @ 13.40

If we can get to 500:

US Eagles @ 14.20
Canadian Maple Leafs @ 14.45
Pan Ams or NWT Mints @ 13.25

I'm inclined to wait and see if we can get up to 500. If you would prefer to buy now, which design/price do you prefer?

[penguins4me]

One other suggestion is to, once the decision to purchase has been made, specify a certain time period and wait for one of the inevitable price dips to buy. I do this with my own money, and though this will be with other folks', it might be worthwhile to suggest and see what folks think.

When I'm going to buy, I usually watch the bouncy line for a week or so, depending on how everything seems to be moving.

... unless there's a steep dip, like the last time silver touched very close to $12/oz.

[demosfen]

Northwest Territorial is aweful company, I'd stay away from them. See below.

http://goldismoney.info/forums/showthread.php?t=106087

[toowm]

Northwest Territorial is aweful company, I'd stay away from them. See below.
http://goldismoney.info/forums/showthread.php?t=106087

Very interesting forum. Welcome to our forum.

I've had OK experience with NWT, although they can take their time with the shipping. If everyone agrees, I will check Apmex pricing when we have a larger order. They do have better pricing on generic rounds, although they do have shipping.

[Lloyd Danforth]

http://www.apmex.com/Product/23/1_oz_999_Fine_Silver_Rounds.aspx

Englehard is .21 more per oz, also @250 min. S&H appears to be $19.95

[penguins4me]

I have naught but good things to say about APMEX. Placed several "small" orders with them; pleased with service (and products, natch).

[KurtDaBear]

I began buying silver in small ingots earlier this year from a local pawn shop (in Calif.).  They vary between 5 and 5.5 oz. and sell for pretty close to spot.  Unfortunately, I believe the supply they had at a profit is gone because the last time I went in to buy on a dip, they weren't selling because of the dip.

Nevertheless, it's possible to find good deals in pawn shops, especially if you become a regular at one.  (They had a platinum eagle in the $1300's and a 1/10th gold eagle for around $70.) These shops need buyers as well as sellers.  They can't lend money endlessly; they have to keep turning over their inventory.  Therefore silver, gold, jewelry, etc., that they took in a year or two ago can be had at what is a good price for you and still leave them a profit.

[porcupine kate]

Now I can get a little more silver for my federal reserve notes.   

Is anyone else still interested in buying silver one ounce coins?

[toowm]

I was just looking yesterday because of the drop in silver prices. Ampex was out of stock of generic rounds. For 500+, Maple Leafs were at 13.14 and Eagles were at 13.24. They expect rounds to be back in stock soon.

[toowm]

I think there are several ETFs, like SLV (iShares Silver Trust).