libertylover
Contributing Member
What information would you give to someone who knows very little about silver. Trying to learn and know there are bars, rounds, junk silver, and coins. What are the pros and cons for each of these?
I HATE when people do this... but there are tons of threads discussing this. Try first doing a search for "silver", with Doc1 as the poster.What information would you give to someone who knows very little about silver. Trying to learn and know there are bars, rounds, junk silver, and coins. What are the pros and cons for each of these?
If you want silver as a prep item, or simply because you expect it to rise in value, then buy U.S. pre-65 junk silver coins, average circulated, by the bag. These coins are easily recognizable as silver, as U.S. legal tender, and can be traded more readily than other forms (of potentially counterfeited) silver, such as bars, rounds, etc.What information would you give to someone who knows very little about silver. Trying to learn and know there are bars, rounds, junk silver, and coins. What are the pros and cons for each of these?
Or craigslist as criminals on both sites prey on the unsuspecting. And yeah, also I would stick to national level dealers that have been around for a while. I use Apmex but there are many others. I'd avoid local coin shops except for maybe junk silver at a good price until one becomes a little more educated in the metals space.Buy recognized silver bars. Don't buy from eBay.
To me, any sterling is good, and I will buy it. Jewelry, bullion or spoons if I can get it at a good price, I want it.
The problem is the huge amount of fakes out of China lately. Not too many people have testing equipment handy, and many won’t take it on face value that your American Eagle is real and worth $30 in good or services.
So the bulk of what I have is usually well worn US constitutional silver coins. They are recognizable as silver by nearly everyone (ok not anyone under 35, but they can be taught, I hope). There are numerous websites (like coinflation) that show the daily value of each denomination. They too can be faked, but less often than a bullion silver ounce.
Thanks, guess I read it wrong, apologies to you. There is a lot of info when searching Doc1 that will keep me busy for a bit.Really? No bitch slap involved (and what I said I hate was the canned "do a search" response, not your question!)
Just trying to get you some answers, in a very busy season..
Summerthyme
For anybody new to prepping & where silver/gold should fit in…
IMO, acquiring silver/gold is for after one is already largely first acquired their stocks of water, food, meds, comms, security, shelter, fuels, etc..
Or, while doing so, if they can see they’ll still have plenty enough money remaining when after they do, then yes, it’d be prudent to start now converting some of that excess paper into physical silver/gold.
Make sense?
Panic Early, Beat the Rush!
- Shane
Sorry i got burned on fakebook, not Ebay but fakebook .All I can say is BE CAREFUL ! I bought some Morgan's off of Facebook ,and got burned . I felt like a dumba$$ , as I should have . I now only buy from Apmex or a trusted seller , but I'm not really interested in junk silver anymore. The coins I bought looked perfect , weighed perfect , but due to one having a specific sought after date the dealer I brought them to used a machine , xray maybe , I'm not sure, and found them to be fake . The counterfeiting of these has become a science. Buzz
That's one of several reasons I recommend junk U.S. silver pre-65 coins. They have a recognizable sound when dropped together, and it has not (up to this point) been worth creating any kind of large number of fakes.Yes, only buy from trusted folks or you will get burned. A guy at the coin store told me of someone who bought a gold bullion only to find out the inside was pure tungsten! While checking out gold and silver; take a look at some goldbacks!
www.VerifiedGoldBacks.com
it takes the escalator up and the elevator down.What information would you give to someone who knows very little about silver. Trying to learn and know there are bars, rounds, junk silver, and coins. What are the pros and cons for each of these?