Bars or Rounds
#8091907
03/03/24 11:09 PM
03/03/24 11:09 PM
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J Staton
OP
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J Staton
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Unregistered
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When investing in precious metals is there a preference? Rounds typically more expensive than bars from what I've researched. Just purchasing to have some precious metals in hand.
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Re: Bars or Rounds
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#8091909
03/03/24 11:12 PM
03/03/24 11:12 PM
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Joined: Jan 2014
Posts: 17,740 Central Oregon
AntiGov
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Central Oregon
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Good question, I was just looking at some 10th oncer coins today
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Re: Bars or Rounds
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#8091934
03/03/24 11:54 PM
03/03/24 11:54 PM
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Joined: May 2010
Posts: 10,510 MN
Steven 49er
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Whatever is cheapest at the time of purchase that is within your budget.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bars or Rounds
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#8091940
03/04/24 12:17 AM
03/04/24 12:17 AM
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Joined: Jan 2008
Posts: 9,245 Alaska and Washington State
waggler
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Imo, stay away from coins or bars sealed in capsules or plastic wrapped cards. There are many fakes showing up on the market. If you can't physically examine the item; weigh, measure, or otherwise test it, be suspicious.
Buy only from established dealers. The slight increase in premium is worth the price. Stay completely away from Ebay, Facebook Market Place, etc..
"My life is better than your vacation"
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Re: Bars or Rounds
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#8091946
03/04/24 12:44 AM
03/04/24 12:44 AM
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Joined: Jun 2015
Posts: 4,973 rogers city mi.
jeff karsten
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I do not disagree with waggler completely but many dealers sell on ebay like money metals, bullion exchange etc. these are brokers and i buy bullion that have been essayed at .999% pure foolproof probably not but i have no way of weighing a troy ounce or testing it as far as 1/10 ounce or other fractions they are mixed with copper to make a dollar size coin or bar so how do you measure that MHO
olden tyred
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Re: Bars or Rounds
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#8091956
03/04/24 01:18 AM
03/04/24 01:18 AM
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Joined: Apr 2007
Posts: 5,921 ohio
Ohio Wolverine
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I don't know about investing in bullion . I buy proof coins and sets directly from the US MINT! Some coins are lower mintage , or just more desirable than others , and the price can double or triple in just a couple years. It's never a sure thing, but held long enough, they go up in value. I buy more for my kids and grand kids , as my age is not going to last forever. They have something to hang on to, and they will gain value over time. The silver is 99% pure silver gold is the same.
We have met the enemy and the enemy is us!
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Re: Bars or Rounds
[Re: ]
#8091994
03/04/24 06:27 AM
03/04/24 06:27 AM
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J Staton
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Unregistered
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J Staton
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Unregistered
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I was comparing some coins vs. bars. The coins were about $6 over spot where as the bars were around $4 over for ten ounces of silver. The coins were .9999 and the bars were .999, making the coins purer. Does the difference in purity offset the difference in cost? These coins are from the Australian mint.
Last edited by J Staton; 03/04/24 06:34 AM.
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Re: Bars or Rounds
[Re: ]
#8091997
03/04/24 06:42 AM
03/04/24 06:42 AM
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Joined: May 2010
Posts: 10,510 MN
Steven 49er
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No, the difference between 9999 and 999 doesn't offset the cost. The .9999 rounds you were looking at, were they Canadian Maple Leafs?
Ten ounce bars will generally be cheaper than 1 ounce rounds if they are both generic.
4 and 6 dollar premiums for generic silver is too much. Look for a better source.
1/10th ounce fractional silver is not mixed with copper. They are .999.
US pre 65 coins are mixed with 10 percent copper. It needed to be otherwise the metal in the coins would be too soft and would not stand up very well to circulation.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bars or Rounds
[Re: ]
#8092001
03/04/24 06:54 AM
03/04/24 06:54 AM
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J Staton
OP
Unregistered
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J Staton
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Unregistered
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These were Australian Koalas. They were on the money metals web site. The sources close to me only have coins and they were $10 over spot, hence the internet looking. Steven you have any suggestions of sources for precious metal buying? Just wanting to cash in fur money for precious metals, that's why I'm only looking at silver and not gold.lol.
Last edited by J Staton; 03/04/24 06:55 AM.
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Re: Bars or Rounds
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#8092012
03/04/24 07:24 AM
03/04/24 07:24 AM
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Joined: May 2010
Posts: 10,510 MN
Steven 49er
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Ok. Koalas tend to be pricey, they are a beautiful coin and carry a hefty premium.
Just for educational purposes in the industry rounds refer to generic silver not minted by a government mint. Silver minted by government mints are called coins, they are actual currency like a quarter or dime and carry a face value. The Koala's face value is 1 dollar. Government minted silver cost more than generic.
There are lots of opinions about where to purchase bullion. SD Bullion and JM bullion are two reliable sources. Free shipping if over 200 bucks. Another place I've been really liking is Minot Coin and Bullion in Minot ND. He will have some flash sales that are pretty attractive and will ship. I haven't had him ship to me yet as my daughter lived there until recently and she'd pick they up for me. You have to watch his youtube channel or facebook page to find out what the sale is. I believe a week or two ago he had Canadian Maple Leafs for 2.5 over. Very reasonable.
I prefer to buy face to face with a cash transaction.
What kind of sources to you have close to you? Coin shops should carry generic silber and have reasonable pricing. If you'd like PM me the names of the local stores and I can do some research.
It's an industry where costs are all over the place and one has to do some legwork to get good pricing. Building relationships is a necessity for best pricing.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bars or Rounds
[Re: ]
#8092013
03/04/24 07:27 AM
03/04/24 07:27 AM
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Joined: May 2010
Posts: 10,510 MN
Steven 49er
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Should be able to buy 10 ounce bars pretty easy for 2.5 to 3.0 over
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bars or Rounds
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#8092149
03/04/24 11:22 AM
03/04/24 11:22 AM
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Joined: Sep 2020
Posts: 1,871 Pennsylvania
patrapperbuster
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When it comes to BULLION, an ounce is an ounce. Don't overpay
Till that day.....
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Re: Bars or Rounds
[Re: tree]
#8092235
03/04/24 12:36 PM
03/04/24 12:36 PM
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Joined: Aug 2007
Posts: 2,433 Midland, Michigan
Rusty Axe Camp
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Midland, Michigan
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After collecting for decades, we are only going to get 10oz bars or larger for silver anymore. Rounds, proofs, rounds in collector boxes get pretty bulky after time. Gold is still compact enough to not make a difference. Agree, but for those starting stacks, it's more painless to grab a few oz at a time. An oz per paycheck doesn't cause a blip on finances and eventually adds up.
Erik Johnson
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Re: Bars or Rounds
[Re: ]
#8092250
03/04/24 12:51 PM
03/04/24 12:51 PM
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Joined: Jan 2014
Posts: 17,740 Central Oregon
AntiGov
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Central Oregon
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I'm thinking a guy should have some 10th ouncer gold coins to trade for ammo , flour , jerky, water , axe , ...........
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