obstruksion
Member
- Joined
- Nov 29, 2007
- Messages
- 42
So I got my first 90% silver shipment from Moneychanger yesterday, here are the details:
I paid $1500 total.
Spot price on 2/15 quoted by Moneychanger as $17.098.
Kitco says spot price on 2/15 was $17.4 average.
Received: $119.4 face value in pre-1965 dimes.
Shipping: $22.00
So, if there are .715oz of silver per $1 face, I got 85.371oz. This gives a price to me (minus shipping) of $17.31/oz. Seems like a good deal.
However on Apmex today, $100 bags are selling for $1400. This is about $19.58/oz and $.20 under spot according to Kitco latest trade yesterday. Shipping is $20 for them.
I'm a bit torn here as I like supporting the small guy, but with the Monthly program Moneychanger has, I can never be too sure what I am getting until I actually receive it 2 weeks after the middle of the month. With Apmex, I pay immediately and know my price.
Any advice? Do people have a recommendation? I am also concerned a bit with paper trail, which initially led me to Moneychanger. Thanks
I paid $1500 total.
Spot price on 2/15 quoted by Moneychanger as $17.098.
Kitco says spot price on 2/15 was $17.4 average.
Received: $119.4 face value in pre-1965 dimes.
Shipping: $22.00
So, if there are .715oz of silver per $1 face, I got 85.371oz. This gives a price to me (minus shipping) of $17.31/oz. Seems like a good deal.
However on Apmex today, $100 bags are selling for $1400. This is about $19.58/oz and $.20 under spot according to Kitco latest trade yesterday. Shipping is $20 for them.
I'm a bit torn here as I like supporting the small guy, but with the Monthly program Moneychanger has, I can never be too sure what I am getting until I actually receive it 2 weeks after the middle of the month. With Apmex, I pay immediately and know my price.
Any advice? Do people have a recommendation? I am also concerned a bit with paper trail, which initially led me to Moneychanger. Thanks