Once you get to know the metal bouncing it ( for sound ) can tell a lot
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Once you get to know the metal bouncing it ( for sound ) can tell a lot
alxone where should I go in the Denver metro area to buy some silver. I don't own any and would like to start slow and learn but most importantly not get ripped off. PM me some info please. Thanks.Quote:
Originally Posted by alxone
You can buy or sell silver at any coin shop. I like Dave's Gold and Silver exchange on Broadway. I don't care for Rocky Mountain Coin next door, they're too big and impersonal, and I always feel like a sheep to be fleeced whenever I've been in there. There's also a place in Littleton on Littleton Blvd. (can't recall the name) that's good, they have a different tax structure than Denver shops.
But NEVER go to any of those "Gold and Silver Buyers" that advertise in the paper with big ads or have some yutz out on the curb swinging a sign around. Unless you really enjoy a good fucking, that is. They're all crooks that will give you bottom dollar.
But silver is a GREAT investment, if you can afford to sit on it and let it grow. I started watching the price and dabbling in it about 12 years ago or so, and it was around $2.50 an ounce. Now it's $30+ an ounce, and it's currently at a low ebb, it'll go back up. I had a 100 ounce bar that I paid $275 for, that would be worth over $3000 now if I still had it. (damn bills)
When I started watching gold at the same time, it was in the $200-$250/ounce range, and now it's over $1660/ounce.
Precious metals are where it's at. If somebody's willing to pay you in silver bullion, grab it and run if you don't have to have cash immediately. Just cool stuff to have around too!
http://i18.photobucket.com/albums/b1.../100ozbars.jpg
as ron said daves is a great place and you can also go to the tanner gun show and see neil . both are fairly priced and wont really try to hard to sell you something that you dont want .Quote:
Originally Posted by seagoing3
Oh, try to stick with .999 bullion of some sort, like the 1 oz. rounds or bullion bars. The bars come in sizes from 1/2 oz. to 100 ounces. I'd personally avoid any "collectibles" like rare coins with values based on numismatic or collector ratings, but things like Silver Eagles, Maple Leafs, or any of the other coins produced by various governments are good, although they usually have a higher premium. Old US silver coins are good too, but those are only 90% silver, they're not .999, so they're priced different, but they're a definite in the market.
Avoid any silver that's kinda shady looking. People have been known to melt down 90% coins and cast their own bars, often with a slug of steel or lead in the middle, and try to pass those off as ".999 pure silver bars". So deal with a reputable shop and avoid that BS. Avoid pawn shops unless you know they have a stellar reputation. Many of them take great joy in boning unsuspecting suckers.
There's also a lot of "Commemorative" or "gift" coins/rounds/bars out there with Happy Birthday or some other stuff on them, there's all kinds of that stuff. Also most mining and processing companies made rounds and bars. Basically, if it's marked ".999 fine silver" on it and it looks professional, it should be the real stuff. Doesn't really matter what the subject matter is on the item, that has no meaning, just the ".999 fine" marking matters.
There's a place on Bowles just east of Wads called A World Of Coins (think the sign just says "Coins"). NO sales tax.
They have been very good to me. Small quantities = Spot +$3 for 1oz Silver rounds. A bit more for Eagles.
Thank guys I will check out Dave it the closest to me
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You've received some great advice. I second what everyone has said about the precious metal!! Take the silver! I almost always offer silver as an option when I'm buying something. http://www.coinflation.com/ is a good site for various pricing information.