DOCSLIB.ORG

How to Buy Silver Below Its Spot Price

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
How to Buy Silver Below Its Spot Price How To Buy Silver Below Its Spot Price Jul 20, 2012 By Luke Burgess, Investment U Research Most investors are skeptical when you tell them that they can actually buy silver below spot prices. But it’s absolutely true. And there’s no word play, or gimmicks. Anyone can do it right now. The only caveat is, to buy silver below spot prices you have to make bulk purchases of the right silver vehicle. Standard silver bullion – like American Eagles and Canadian Maple Leafs – can often carry high premiums above the metal’s spot price. And no matter how many you buy at once, you’d be very hard pressed to find any bullion dealers willing to part with Eagles or Maple Leafs below spot. However, there is one specific set of silver coins that dealers quite frequently sell below spot prices. They’re called “junk silver coins”. And despite their less-than-flattering name, they’ve become one of the most popular investments for speculators looking to get the most silver for their money. Investing in Junk Silver Coins The term “junk silver coin” is broad, covering many world coins. But at its core, a junk silver coin is any government-issued coin containing any amount of silver that has little to no numismatic or collectible value above the value of the metal it contains. Although there are many world coins minted in silver, the most popular junk silver on the market today are circulated U.S. coins minted before 1965. Prior to that year, the U.S. government produced many of its coins in alloys consisting of silver purities ranging from 35% to 90%. Investors buy these coins today for their metal content, paying attention to what they call “melt value” – which doesn’t imply the melting of the coin (that’s illegal) but rather the intrinsic valueFNArena of the silver contained. Here are the most common U.S. junk silver coins that are available on the market today and an idea of their melt values: In the past few years, the market for U.S. junk silver coins has been quite healthy as buyers quickly learn that they can be one of the absolute most affordable ways to buy silver. A new, uncirculated American Silver Eagle typically carries a 10% – 15% premium over spot prices right now. Meanwhile, you buy can U.S. junk silver coins for as little as 1% – 3% over spot prices. Sometimes you can even buy junk silver below spot if you buy in bulk. But you have to buy the right coins. That’s because a growing interest in numismatics has greatly increased the premiums for certain, rarer U.S. silver coins. A circulated Peace dollar in good condition, for example, will sell for a 15% – 20% premium from a coin shop or online auction – higher that the premium on a 99.9% pure silver American Eagle. So if you’re interested in junk silver coins as an affordable way to buy silver, not all U.S. silver coins fit the bill. But there are three specific U.S. silver coins that I believe provide for the best junk silver investment. The Best Junk Silver Coins for Investment The best junk silver coins are the purest. Junk silver coins with lower silver purities – like the 40% silver Kennedy half-dollars and 35% silver Jefferson war nickels – force you to mostly own other metals of much lesser value, like copper and manganese. Popularity-wise, junk coins with lower silver purities play second fiddle to the 90% silver coins and are ultimately less liquid. So I recommend staying away from those. So considering purity and rising numismatic values for the rarer U.S. silver coins, here are the three best junk silver coins for investment: Very few of these coins remain in general circulation. However, you will receive a silver dime or quarter as change once every blue moon. Nevertheless, you certainly won’t be able to put together a sizable investment from the silver coins you find in your pocket change. So you’ll need to buy them somewhere. And the best places to do that are from coin shops and reputable online dealers. There, you’ll find junk silver coins sold in small denominations, or in what are known as “silver bags”. The Cheapest Junk Silver: Silver Bags A silver bag is simply a bag of circulated U.S. junk silver coins – assorted in either single or multiple denominations with varying dates. A typical 90% silver bag will contain U.S. Roosevelt dimes, Washington quarters, and Franklin and Kennedy half dollars with a specific face value. Dealers most frequently sell silver bags with $100, $500 and $1,000 face values. These silver bags are the absolute cheapest way to buy silver. Sometimes you can even buy just below spot prices, if you buy enough. One online dealer, Ampex, is selling a $1,000 silver bag for about 0.2% below spot right now. Below is a brief approximation of current premiumsFNArena on silver bags: To buy silver below spot prices, speculators may need to make a sizable investment. But for serious silver investors, a large silver bag could be very profitable if the metal’s price continues to rise. Even though these coins are called “junk”, they contain one of the most important monetary metals known to man: silver. Today’s coins are minted with base metals of monetary metals known to man: silver. Today’s coins are minted with base metals of much lesser value, like copper and nickel. It seems to me that they are the real “junk.” But no matter what you call them, 90% silver U.S. coins can be one of the most affordable and fun ways to invest in silver. Good Investing, Luke Burgess Reprinted with permission of the publisher. The above story can be read on the website www.investmentU.com. The direct link is: LINK] Nothing published by Investment U should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Investment U should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Views expressed are not FNArena's (see our disclaimer). FNArena.
Load more

Recommended publications
  • Our Precious Metals Investment Guide
    “Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone else’s religion, but he’ll accept his gold.” - Robert Kiyosaki CONTENTS 1 The Polyak Precious Metals Difference 3 Why Own Physical Precious Metals 5 Precious Metals Investment Options 8 Common Bullion Products 10 Gold Counterfeiting 13 Premiums Explained 16 Reporting Requirements 18 Tips for Investing in Physical Precious Metals 19 Glossary The Polyak Precious Metals Difference hen investing in precious metals, it’s important to work with honest, trustworthy, Wand experienced people. Since gold and silver prices have skyrocketed in the past decade, many new companies started popping up. However, trading in bullion requires experience, and a track record of consistently delivering peoples investments to them in a timely manner. Polyak Precious Metals is one of the few companies in the industry that possess the tools to properly serve and educate clients. What Separates Polyak Precious Metals From Other Bullion Dealers? Pricing Order Processing 3 words; Quantity, Quantity, Quantity. We pride ourselves on our industry We buy and sell large quantities of leading order turnaround. Some bullion coins and bars every single day. companies may try to attract clients by This allows us to keep our bid and ask offering ‘low prices’. Once they get you prices among the most competitive in on the phone however, they either try the industry. to sell you rare coins, or add additional fees. When you finally place an order, it Customer Service can take many weeks to be delivered.
    [Show full text]
  • TRADING DESK: 315-637-1300 | Trading@Upstatecoins
    TRADING DESK: 315-637-1300 | [email protected] Dave Cooper – José Martínez – Matt LeRoy – Joseph Schuessler – Jeff Lubinski Mon-Thur 9AM-7PM, Fri 9AM-6:30PM ET Dealer Sheet – Friday, September 4, 2020 AU: $1,923 AG: $26.54 PT: $900 PD: $2,267 BUYING JUNK SILVER GOLD BULLION 90% – 1+ Bag* -0.40 x .715 American Eagle Buy Sell Canadian Maple Buy Sell 90% – $100-$999 Face Value* -0.50 x .715 1 oz – 2020 3.0% 4.0% 1 oz – 2020 +$28 +$48 90% – Halves (Kennedy, Walker, Franklin, Barber) +0.25 x .715 1 oz – Backdate 2.75% 3.75% 1 oz (.9999) – Backdate +$21 +$41 90% – Proof Modern -0.75 x .715 1/2 oz- 2020 4.25% 5.9% 1 oz (.999) +$3 +$30 90% – BU Franklin Half Dollar Roll (No pick outs) +5.50 x .715 1/2 oz – Backdate 3.0% 5.25% 1 oz Impaired/Scratchy +$3 Out Always selling 40% & 90% Dimes, Quarters, & Halves. Call for rates & availability. 1/4 oz – 2020 6.5% 8.25% 1/2 oz – Sealed 3.5% 6.0% 40% – 1+ Bag (Interested in large deals, stronger rates for 5+ bags) -0.85 x .295 1/4 oz – Backdate 5.0% 8.0% 1/4 oz – Sealed 4.5% 6.5% 40% – $50-$999 Face Value -1.10 x .295 1/10 oz – 2020 9.5% 13.75% 1/10 oz – Sealed 8.0% 13.0% 40% – Ike Dollars – Original Plastic $7.89 ea. Loose/Tubed $7.89 1/10 – Backdate 9.5% 13.75% 1/20 oz – Sealed 16.0% Out 35% – War Nickels $5,016 / bag $1.21/ ea.
    [Show full text]
  • Title: Buy Gold and Silver Safely
    Buy Gold and Silver Safely by Doug Eberhardt © Copyright 2018, Doug Eberhardt All Rights Reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means, electronic, mechanical, photocopying, recording, or otherwise, without written permission from the author. ISBN: 978-0-9825861-7-4 Dedicated to Chris Furman for all you do. iv The most important aspect to learning about buying gold and silver is to know what you are doing and what you want to buy before calling a gold dealer. This is why I wrote the book; so you don’t make any mistakes. Enjoy the book! v DISCLAIMER EVERY EFFORT HAS BEEN MADE TO ACCURATELY REPRESENT THIS PRODUCT AND SERVICES OFFERED, AND ITS POTENTIAL. THERE IS NO GUARANTEE THAT YOU WILL EARN ANY MONEY USING THE TECHNIQUES AND IDEAS IN THIS BOOK. EXAMPLES IN THE BOOK ARE NOT TO BE INTERPRETED AS A PROMISE OR GUARANTEE OF EARNINGS. EARNING POTENTIAL IS ENTIRELY DEPENDENT ON THE PERSON USING THE INFORMATION INCLUDED TO THE BOOK AND THE IDEAS AND THE TECHNIQUES. WE DO NOT PURPORT THIS AS A GET RICH SCHEME. YOUR LEVEL OF SUCCESS IN ATTAINING THE RESULTS IN THIS BOOK DEPENDS ON THE TIME YOU DEVOTE TO THE IDEAS AND TECHNIQUES MENTIONED, YOUR FINANCES, KNOWLEDGE AND VARIOUS SKILLS. SINCE THESE FACTORS DIFFER ACCORDING TO INDIVIDUALS, WE CANNOT GUARANTEE YOUR SUCCESS OR PROFIT LEVEL. NOR ARE WE RESPONSIBLE FOR ANY OF YOUR ACTIONS. MATERIALS IN THIS BOOK MAY CONTAIN INFORMATION THAT INCLUDES FORWARD-LOOKING STATEMENTS THAT GIVE OUR EXPECTATIONS OR FORECASTS OF FUTURE EVENTS.
    [Show full text]
  • The Michael Ivankovich Guide to Selling Household & Estate Coins
    The Michael Ivankovich Guide to Selling Household & Estate Coins by Michael Ivankovich Money. Who couldn't use more of it? And what better exemplifies money than “ Coins ”! When people think of “ Coins ” they generally think in terms of “ Face Value" coins, but there are many other various forms of coins, each having a different level of desirability and value. This “ Michael Ivankovich Coin Guide ” is intended to introduce you to some of the various forms of “ Coins ” you may find in any typical household or estate. 1. Face Value Coins : “ Face Value Coins” are basically " Pocket Change " and value is the legal tender value that is stated on each coin, e.g., 10 cents, 50 cents, etc. Coins cannot be worth less than Face Value, but they can often be worth much more than Face Value . 2. Numismatic Value Coins : “ Numismatic Value ” is often used to refer to the value in excess of the coin’s “ Face Value ”. Numismatic Coins are “ Collectible Coins ” and Coin Collectors will pay a premium price over Face Value for certain coins, depending upon such factors as the Denomination (dime, quarter, half dollar, dollar), Type (Morgan Silver Dollar , Walking Liberty Half Dollar ), Mint Year (1899, 1910), Mint Mark (D = Denver, S = San Francisco), Quantity Minted , Rarity , Condition (Un-circulated, Very Good), and Certified Professional Grading (PCGS, ANACS, NGC, etc.). Certain Numismatic Coins are more highly prized than others with Rarity and Condition having a significant impact on any coin's value. 3. Junk Silver Coins : Prior to mid-1960's, most U.S. dimes, quarters, half dollars, and dollars were minted with 90% silver.
    [Show full text]
  • Morgan Silver Dollar Checklist
    Morgan Silver Dollar Checklist Brock shampooed ebulliently? Nude Barret still out-Herods: ovate and glandulous Mead horde quite off-key but Balkanises her genocide undisputedly. Untransmitted Rickard equates: he disembodies his gyrostats appeasingly and incidentally. Also update you have to federal reserve bank even killing others, light such as die damage to be worth less so much it is nearly perfect knowledge, morgan silver dollar checklist. The order in which die states are struck. The design on a series began, a natural calamities or two minis as a more valuable because of most from his team. On this is a gas grill, also acts as disadvantages. Any family members of metal on mine, they still exist. Is Sundial Growers Stock item Wise Investment? An abbreviation for special holders or other types of pure gold, in depth about it can command a morgan silver dollar checklist is a coin caused when people continue to look. Have vital information on Morgan Silver Dollars at your fingertips and wait your collection on love go! What is an absolute logo on both you do business with a call friends and. The coins of eg fecit on certain early years of hundreds of las inversiones, freeze dried dairy like a coin in a few of nickel, people who aquired them? You might strike gold, you might strike out. Poor, with, Good, Very small, Fine, show Fine, Extremely Fine, About Uncirculated, and Uncirculated. These have any, four one five pieces of memorabilia as low as multiple parallels with premium pieces. Just fucking bad mix. Raised grainy patches on a third type of some of all, flatware also abbreviated as this is for sale from contracting anything i get.
    [Show full text]
  • Coin Folders Dimes: Mercury, 1916-1945 PDF Book
    COIN FOLDERS DIMES: MERCURY, 1916-1945 PDF, EPUB, EBOOK Whitman Publishing | none | 01 Jun 1992 | Whitman Coin Products | 9780307090140 | English | United States Coin Folders Dimes: Mercury, 1916-1945 PDF Book One Minneapolis newspaper dubbed it the "battle ax" or "golf" dime, reflecting a lack of knowledge concerning the fasces. For additional detail on the subsidiary silver coin redesign, see Standing Liberty quarter and Walking Liberty half dollar. Sometimes referred to as junk silver , or scrap silver , these coins are anything but. After the lettering problems were addressed, Acting Director Chaffin halted production of Barber dimes on August 29, and ordered production of the Mercury dime to begin the following day at the Philadelphia Mint. Though perhaps intending that each coin would display the efforts of a different artist, Adolph A. Minting of Barber dimes resumed. There are several points of reference for this. Thus, in , there was interest in replacing Charles E. By contrast, Adolph Weinman's classical dime profile faced left, was more streamlined, and the close-fitting cap resembled a woman's cloche, a bell-shaped hat of the period. It hailed the new 20th century even as the U. Your Password. On the first day of circulation, quantities sold were limited at banks. Walter Breen. Help Learn to edit Community portal Recent changes Upload file. Woolley took office as Mint Director. This led to a great increase in interest in collecting current coinage by date and mintmark. Views Read Edit View history. Woolley suggested to the members that if they did not like the Mint's work, they should select sculptors to submit designs for the new pieces.
    [Show full text]
  • Gold As an Investment: Will Precious Metals Continue to Shine?
    A S O U N D M I N D I N V E S T I N G S P E C I A L R E P O R T Gold as an Investment: Will Precious Metals Continue to Shine? B Y A U S T I N P R Y O R GOLD AS AN INVESTMENT: WILL PRECIOUS METALS CONTINUE TO SHINE? Introduction At the tender age of 25, as I was becoming interested in the topic of investing, one of the books that captured my attention was a 1970 best-seller by an investment adviser named Harry Browne. It had the rather alarming title How You Can Profit from the Coming Devaluation. Browne took the unconventional view that America’s tax and monetary policies would lead to the devaluation of the U.S. dollar—and soon! He recommended that investors diversify into gold, silver, and foreign currencies like the Swiss franc. Given that the United States had the world’s strongest economy, and was the world’s lead- ing creditor nation as well, Browne’s concern about devalution seemed, well, prepos- terous. So I ignored his diversification advice, and continued on my merry way in- vesting in U.S. common stocks. Then, a year later in 1971, President Richard Nixon stunned the world financial com- munity by “closing the gold window.” You may have no idea what that means, so let me offer some background that will help you understand its significance. As World War II drew to a close, economists from the leading industrial nations met in Bretton Woods, New Hampshire, to hammer out a new international monetary system on which to base post-war recovery and growth.
    [Show full text]
  • (YN) Online Auction, the Following Programs Are Offered to Young Collectors
    YOUNG NUMISMATIST ONLINE AUCTION Saturday September 19, 2015 10:00 AM, Mountain Daylight Time Auction lot viewing available online at money.org Cataloguer: Sam Gelberd The 2015 Online YN Auction is sponsored by Carter Numismatics The American Numismatic Association wants you to experience all the fun and knowledge that coin collecting can bring. In addition to the annual ANA Young Numismatist (YN) Online Auction, the following programs are offered to young collectors: ANA Summer Seminar brings collectors of all ages and experience together each summer to learn about numismatics and share their knowledge. Seminars are in Colorado Springs on the Colorado College campus, adjacent to ANA Headquarters. A course catalog will be avail - able in early 2016. Students take classes of their choice, attend field trips to explore the local area and participate in special activities while living with fellow YN’s, interns, and mentors. Full and partial scholarships (tuition, room & board, airfare) are available to qualified ANA-member Young Numismatists. Applications are available at www.money.org, or by contacting the ANA Education Department at 719-482-9850. ANA YN Treasure Trivia Game © is another exciting event held at the ANA National Money Show SM and the World’s Fair of Money SM . Participants follow a treasure map of the convention and bourse floors to find answers to numismatic trivia questions and collect treasures along the way. The David R. Cervin Ancient Coin Project allows YN’s to earn a variety of quality ancient coins by presenting lectures and exhibits, writing articles and completing other hobby-related projects. Go to the “Young Numismatists” page at www.money.org for more information.
    [Show full text]
  • Clicking Here
    Why Gold? History teaches us why much higher gold prices are inevitable — and why every investor needs to have a significant position in the metal while they still can. ’m constantly fielding questions from investors and media asking why I’ve been recommending gold so Iemphatically over the last few years. I tell them there are three simple and compelling reasons: Debt…debt…and debt. Let me put this into context. Just a couple of years or so ago, when Federal Debt was just poking over $20 tril- lion, I calculated the historic, effective interest rate on the federal debt over decades. Now, this is a number that you’ll never get anyone to provide, and I’d searched vainly for it over the years. It’s always regarded as a moving target, as there are so many different durations and yields on Treasurys. Finally, I’d had enough, and simply took the Treasury’s quarterly interest cost data and divided it by the quarterly federal debt totals and, voila!, I had the effective interest rate on the debt. And the data yielded quite a surprise: The effective interest rate is usually about 3% to 4% above the fed funds rate. The implications from this were astounding…and frightening. Simply put, the costs of servicing the federal debt would grow to unmanageable levels if either interest rates or the federal debt rose significantly. And what we’ve seen since is that the federal debt has indeed risen since I first made these calculations. In fact, it’s soared to nearly $28 trillion so far, and is progressing at a dizzying rate of climb.
    [Show full text]
  • Featured Coin Specials for July
    T H E Where Else? OIN EPOT JULY 2020 C 116 PoinsettD Highway • Greenville, SC 29609 • 800-922-2441 • 864-242-1679 There are three truths to Summer 2020 1.The weather is hot. 2.The coin market is even hotter. 3. Our deals in the flyer are the hottest yet. Get a cold glass of lemonade, sit back and relax and browse these great specials today. GOLD $1,750.00 | SILVER $17.95 | PLATINUM $830.00 VIEW OUR WEBSITE AT www.thecoindepot.net Feel Free to E-mail us your want list: [email protected] FEATURED COIN SPECIALS FOR JULY YPE T 3 THE FINALE DOLLAR OLD IECE BRITISH GOLD SOVEREIGNS $1 G P OF 1935 Premium Quality BU Premium Quality BU Type 3 Gold Dollars have been ex- Premium Quality BU Cheaper than 1/4 oz. gold eagles, tremely hot the last few years. They get these The 1935 Peace Dollar was the final gobbled up by both collectors and in- coins are sought for both their collec- year of the silver dollar. After this, the vestors making it hard to purchase tability and as a solid gold investment. government transitioned over to paper enough to sell to you. Call early before dollars. they sell out. Each........................................ $444.00 3 Different ........................... $1,325.00 $ 00EACH $ 00 10 Different ......................... $4,388.00 EACH 2 Different ..............................329 $644.00 88 1922 PLAIN 1926-S 1864 SMALL MOTTO LINCOLN CENT BUFFALO NICKEL TWO-CENT PIECE XF/AU VG/F Fine Here is the key date to the series. We Here is the tough 1922 Plain Lincoln think this grade is the bargain grade for Now is the chance to buy this better cent in a pleasing grade.
    [Show full text]
  • Silver Coins
    SILVER COINS The United States first began minting silver dollars in 1792 and continues to produce silver coins with a face value of $1 today (the Silver American Eagle). The silver half-dollar was first coined two years later in 1794 although it would not be until 1916 that the U.S. Mint produced what is widely considered America's most beautiful silver coin, the Walking Liberty Half-Dollar. MORGAN SILVER DOLLAR TO PURCHASE CALL 1-866-439-6201 FRONT BACK The Morgan Dollar is one of the most collected silver coins in our history. This George T. Morgan design is awash with Western lore and legend. First struck in 1878, it was created to absorb the fabulous quantity of silver mined from the Comstock Lode. Design of the Morgan Silver Dollar The head of Lady Liberty takes up most of the obverse (front) of this silver coin. She is encircled by the date of issue, 13 stars, and the words, 'E ' PLURIBUS ' UNUM'. This phrase, which translates to 'Out of many, one', was first chosen for official United States use in 1776. The reverse (back) features a bald eagle with wings spread perched upon a branch and arrows. The eagle is partially surrounded by a wreath. Above his head sits the motto 'In God we trust'. Around the rim are the words 'UNITED STATES OF AMERICA' separated by a star on either side from 'ONE DOLLAR'. Morgan, who studied under the direction of instructors from the Royal Mint in London, placed an 'M' on both sides of the coin to lay his claim to the design.
    [Show full text]
  • Money Metals Insider
    WINTER 2020 ME Y E TA N L O S M Money Metals E X E INSIDER CHANG An Insider Report for Clients of Money Metals Exchange Precious Metals Set to Keep Powering Ahead in 2020 By Stefan Gleason President, Money Metals recious metals got off to an explosive early start to Fed Doubles Down on Higher Inflation P2020 as tensions between the U.S. and Iran drove safe-haven buying. With the Fed now on pause with interest rates after having thrice cut in 2019, it is also engaging in massive Of course, gold and silver markets will need more backdoor debt monetization (“not QE”). than a geopolitical flare up to drive a Its balance sheet will likely rise to an all- long-term bull market advance. time record sometime this spring, further The question for investors is whether cheapening the real value of the Federal the fundamental picture now looks Reserve Note in the process. promising or fleeting. Loose monetary policy should continue In our view, the fundamentals are being supportive of higher asset prices turning in favor of higher gold and silver in general. prices. During a press conference in late 2019, From fiscally reckless trillion-dollar Fed Chairman Jerome Powell indicated deficits in Washington, to a Federal Reserve obsessed he would like to a see a significant and sustained rise with generating higher rates of inflation, to mining in inflation before hiking rates again. supplies of gold and silver tightening, the ingredients In January, John Williams, president of the New York for a big bull market are in place.
    [Show full text]