Started Stacking Silver a Few Months Ago..

[Terry Soloman]

I am brand new to buying silver bars and American Eagles. Where do you buy from? So far I've used AMPEX, and GOVMINT, and I am pretty satisfied.
Any suggestions or tips for me as a new silver stacker?

 

Amazon Forum Fav 👍

Minelab PRO-FIND 35 Waterproof Pinpointer Metal Detector for Experts with Tone ID & Adjustable Sensitivity - Grab it through Amazon!

[Mason Jarr]

JM Bullion or SD Bullion. I've used both and they're usually very competitive on prices.

Tip: Buy in volume, even if you have to do a group buy. Prices are usually better on larger quantities.

 

[Surf_Pirate]

JM Bullion or SD Bullion. I've used both and they're usually very competitive on prices.

Tip: Buy in volume, even if you have to do a group buy. Prices are usually better on larger quantities.

and going up $$$

 

[Bernitup]

I am brand new to buying silver bars and American Eagles. Where do you buy from? So far I've used AMPEX, and GOVMINT, and I am pretty satisfied.
Any suggestions or tips for me as a new silver stacker?

Golden State Mint
Provident Metals
Both of those are smaller than APMEX, but still do bang up business. If you want to focus on Silver Eagles and the like they are everywhere…. However, so is generic silver bullion, which is typically priced within $1-$3 of spot. I too have Eagles, Maples, Kookaburras and Krugerrands , etc and you will pay a higher premium for those “government”minted items. Generic silver is a great way to go and there is no shortage of designs or sizes, most mints have their own line, much like APMEX. The savings adds up quick, especially when your talking about saving $4-$9 per oz!
The other option, which has worked well for me in the past, is to go to your local pawn stores and make cash purchases, you can usually finagle a good deal, especially if your buying in bulk.
Private party is also a good way to go….place a local ad or post a local notice on line your interested in buying silver. Offer to pay 90% of spot, which is more money for the seller than any pawn shop or coin store and saves you more than 10% due to no per ounce fee. Stack it high, use it as a hedge against inflation.👍🏼🪙

 

[RelicFinder77]

I am brand new to buying silver bars and American Eagles. Where do you buy from? So far I've used AMPEX, and GOVMINT, and I am pretty satisfied.
Any suggestions or tips for me as a new silver stacker?

JM Bullion is who I use, and have no issues.

 

[ConceptualizedNetherlandr]

buy many and buy often

 

[1wvhunter]

JM Bullion and Bullion Exchanges are usually the cheapest.

 

[Hunter1805]

If you have coin shows in your area, just shop around. Always at least one go to guy at each show..

 

[Johnnybravo300]

Nationwide coins is having a sale for $100 under spot.
You get a $50 gold Eagle and a free graded Eagle. I get them regularly.

 

[opalboy]

Wait til silver gets popular!

 

[Johnnybravo300]

Its a guaranteed win with all the keynsian imbeciles we have in charge haha.

America's number one export besides dollars and inflation is troops, and our biggest import is now illegals.

Our motto should be "always another war to lose."

 

[releventchair]

Very much silver gets bulky. When portability wanes you might have rather turned it into smaller quantities of gold.

But what do you want for silver? One oz. Eagles are popular and recognized.
90% junk silver exists at places. A local coin shop if not a rip off artist will sell you some usually for a premium above spot. Compare premiums elsewhere (online and distant outfits) if you don't know the shop. Yes the shop owner should make a profit. lets not get greedy though.

Big ol Engelhard bars are fun to hold. Make for saggy pockets though. And if the world went off the rails (I'm not wagering muck silver on it being much worse) I's stand a better chance arguing the value of an ounce of silver at gas station or in an alley than a large bar of it. Let alone determining my change. (More important when gold fractions are being bantered about.)

I've done business with SilverTowne . No complaint.
When I chased prices awhile it seemed most mints ran a special on thier own stuff eventually.
If only high recognized stuff suits you then look for free shipping on an already sale priced item maybe. Or at least nearest spot price you can get without shipping affecting it negatively. Otherwise you might as well be wrangling with a legit dealer at a shop.
See Spot.
See Spot price.
See Spot run.
(Oh wait , wrong book.)

Well, know current Spot price anyways. Then you know a benchmark in relation to at the moment value and can make an offer from a sane reference point..
Add a premium for popularity of design or shape vs a glob.

Caveat Emptor.