something I don't understand when buying silver....

[caradeporra]

When I have purchased Silver in the past, it would be some standard brand. Nothing fancy or unique date, ala:
http://www.apmex.com/Category/1202/1_oz_Silver_Rounds.aspx

but then I see these, which are more expensive - isn't silver is silver is silver is silver? What does it matter the pattern or manufacterer?
http://www.apmex.com/Category/1596/Engelhard__Johnson_Matthey_Silver_Rounds.aspx
or

http://www.apmex.com/Category/2/Canadian_Silver_Maple_Leafs_2012__Prior.aspx


What is the difference? When / If one was to cash in sometime in the distant future, why would one 1oz of one be more than another 1oz?

The difference is in the Trust factor. When you buy coins gov't stamped the buyer knows what they are getting. Especially since the more metals are worth, the more people will try and find a way to scam...http://www.forbes.com/sites/timworstall/2012/03/26/the-drilled-gold-bars-filled-with-tungsten/

Also, if you are worried the gov't will make it illegal to own gold/silver, you should buy older coins. I am not going to do the research but anything over a certain age is considered collectible and the gov't allowed that when they made it illegal. (Then Mexico, i believe it was Mexico, started making gold and silver coins and just stamping them with a date older than that so Americans could buy them - lol).

Furthermore, if you are buying in case of a societal collapse, having the coins that are reputable could make things much easier for you. In this case, silver dimes are probably the way to go since they are of a value more easily traded (in other words, it will be hard to trade a gold coin for a loaf of bread, but a silver dime...)

Hope this helps.

 

[oyarde]

Well , I see none of my friends here called anything for me this past Wed , but I did make a purchase....

 

[oyarde]

Alright , help a Brother out , what will be silver price tomorrow at noon ???

 

[oyarde]

Thinking of another purchase ....

 

[Professor8000]

I see.

Do you have any thoughts, personally, on that? Will/does it matter? APMEX seems reputable, why would they not have a premium attached as a valid/trusted producer of silver...

Just trying to wrap my head around this. I see so many options.

I buy all of my silver and copper from the AOCS(American Open Currency Standard) they have very good rates and are guaranteed .999 fine for copper and silver and .9999 fine for gold. They guarantee the weight of their bullion and if it turns out to not be the purity or weight indicated on the piece, they will replace it for free. They produce barter currencies and their currency is accepted by many merchants already. You can even make your own custom currency if you want. I have a bunch of different proof silver pieces for my retirement savings. I also have a larger variety of copper pieces which include Ron Paul Campaign for Liberty, Ludwig Von Mises Institute, Lawful Money, 2nd Amendment, Republic of Texas and so on. These guys are awesome.

 

[liberdom]

I buy all of my silver and copper from the AOCS(American Open Currency Standard) they have very good rates and are guaranteed .999 fine for copper and silver and .9999 fine for gold. They guarantee the weight of their bullion and if it turns out to not be the purity or weight indicated on the piece, they will replace it for free. They produce barter currencies and their currency is accepted by many merchants already. You can even make your own custom currency if you want. I have a bunch of different proof silver pieces for my retirement savings. I also have a larger variety of copper pieces which include Ron Paul Campaign for Liberty, Ludwig Von Mises Institute, Lawful Money, 2nd Amendment, Republic of Texas and so on. These guys are awesome.

AOCS has good rates? Really?

Tell me, how much are silver rounds? Or copper rounds? No, I am not asking you how pretty their coins look, I give you that.

 

[liberdom]

So where's the best place to buy?

Depends on your budget and preference of form (rounds, bars, government minted...etc)

 

[Professor8000]

AOCS has good rates? Really?

Tell me, how much are silver rounds? Or copper rounds? No, I am not asking you how pretty their coins look, I give you that.

I can get silver for $30.77/oz and copper $34.00/20oz at the time I'm writing this post.
I got 40oz of copper for $40 yesterday and the guy who sold it to me bought me lunch, these guys are awesome.

Here's where you can see some of their stuff.

 

[liberdom]

I can get silver for $30.77/oz and copper $34.00/20oz at the time I'm writing this post.
I got 40oz of copper for $40 yesterday and the guy who sold it to me bought me lunch, these guys are awesome.

Here's where you can see some of their stuff.

Is $31 for silver shipping included? How many do you have to buy to get that price?

Copper coins are more like a collectible, because copper in metal costs only $3 per lb, fun to have though

 

[Professor8000]

Is $31 for silver shipping included? How many do you have to buy to get that price?

Copper coins are more like a collectible, because copper in metal costs only $3 per lb, fun to have though

The shipping price for my silver depends on how often I want them to ship my orders. If I want them shipped every month it's $7.90/month. Every 3 months is $2.65/month. Every 6 months is $1.35/month. Every 12 months is $0.65/month. I do local pickup so I don't have to pay for shipping. I order a set amount every month as part of a silver savings club which gives me discounts on their products too.

If you are just buying one time, the shipping is $7.90. I would suggest getting a lot of silver if you were to go that route.

The thing about their copper is that it is part of their barter currency, you can barter for $2.00 worth of stuff with each copper ounce of theirs.

 

[liberdom]

The shipping price for my silver depends on how often I want them to ship my orders. If I want them shipped every month it's $7.90/month. Every 3 months is $2.65/month. Every 6 months is $1.35/month. Every 12 months is $0.65/month. I do local pickup so I don't have to pay for shipping. I order a set amount every month as part of a silver savings club which gives me discounts on their products too.

If you are just buying one time, the shipping is $7.90. I would suggest getting a lot of silver if you were to go that route.

The thing about their copper is that it is part of their barter currency, you can barter for $2.00 worth of stuff with each copper ounce of theirs.

It's good that you do local pick up.

How much do you buy a month? 20 ounces? 50 ounces? 100 ounces?

What if I wanted it shipped right away, rather than monthly or every 3 months?

You mean I can buy 30 copper rounds and give to them to get 2 silver rounds in exchange?

 

[Professor8000]

It's good that you do local pick up.

How much do you buy a month? 20 ounces? 50 ounces? 100 ounces?

You mean I can buy 30 copper rounds and give to them to get 2 silver rounds in exchange?

I'm a poor man, so I can only afford to invest in my retirement so I only buy 2 silver proofs a month.

No, they don't do that. They provide the currency, it's the merchants and other people who will barter with it. Besides, the 1oz silver pieces have a face value of 50.

 

[liberdom]

I'm a poor man, so I can only afford to invest in my retirement so I only buy 2 silver proofs a month.

No, they don't do that. They provide the currency, it's the merchants and other people who will barter with it. Besides, the 1oz silver pieces have a face value of 50.

There you have it. You might be better off saving your money until you can buy 10-20. You can negotiate better discounts too. I don't think you're driving to pick up 2 ounces each time, because that's a waste of time. Or, since you only have $65 a month, you're probably better off reselling copper rounds.

Face value is meaningless, it can say $100 for all I care. Nobody would accept it as face value if they can buy it for $33. Let me know when you find merchants that accept these barter currency, and specifically , what you bought with it (I know how Liberty Dollar worked, so I've heard it all).

 

[Professor8000]

There you have it. You might be better off saving your money until you can buy 10-20. You can negotiate better discounts too. I don't think you're driving to pick up 2 ounces each time, because that's a waste of time. Or, since you only have $65 a month, you're probably better off reselling copper rounds.

Face value is meaningless, it can say $100 for all I care. Nobody would accept it as face value if they can buy it for $33. Let me know when you find merchants that accept these barter currency, and specifically , what you bought with it (I know how Liberty Dollar worked, so I've heard it all).

Actually, there's quite a few merchants here in DFW that accept AOCS currency at face value. The AOCS has been building a network of merchants since 2008. We bought 5 large pizzas from a local pizzeria with one AOCS 1oz piece. You can even barter for weapons at the gun shows here with AOCS friendly gun sellers. All at face value.

 

[liberdom]

Actually, there's quite a few merchants here in DFW that accept AOCS currency at face value. The AOCS has been building a network of merchants since 2008. We bought 5 large pizzas from a local pizzeria with one AOCS 1oz piece. You can even barter for weapons at the gun shows here with AOCS friendly gun sellers. All at face value.

I'll ask you again. Why would they accept silver rounds at $50 face value when they can buy it at $33?
Or are you only speaking of copper rounds?

 

[Professor8000]

I'll ask you again. Why would they accept silver rounds at $50 face value when they can buy it at $33?
Or are you only speaking of copper rounds?

I'm talking about the entire barter currency. They accept silver rounds at $50 face value because they still realize a profit and they expand their customer base into an area few other merchants get into. The ones willing to barter with this currency before SHTF will be in a much better position later. It's not currently about getting the most silver for the least work for merchants right now, it's about building a consistent base with which to continue business when inflation catches up with the markets. Also, merchants have to establish fair value for their goods in relation to this barter currency so that they are not affected as much when inflation creates hyper volatility in the markets. Besides, the face values on the medallions are suggestions from the AOCS to make it easier to compare with FRNs and it is always up to the merchant and buyers to decide what makes a fair trade. I just happen to know a pizzeria that will trade 5 large pizzas for 1oz AOCS silver, which compared to their FRN pricing saves you 40% with the current spot price of silver.

 

[liberdom]

I'm talking about the entire barter currency. They accept silver rounds at $50 face value because they still realize a profit and they expand their customer base into an area few other merchants get into.

I don't know many people who are willing to take a 35% loss just like that, but ok.

The ones willing to barter with this currency before SHTF will be in a much better position later.

If you mean they'll be better because they have silver in hand, then they can do better by buying silver at cost.

It's not currently about getting the most silver for the least work for merchants right now, it's about building a consistent base with which to continue business when inflation catches up with the markets.

If they share the concern about inflation, they should buy silver or whatever they believe will appreciate ASAP. why take silver at a loss profit?

Also, merchants have to establish fair value for their goods in relation to this barter currency so that they are not affected as much when inflation creates hyper volatility in the markets.

isn't that why face value is pointless?

Besides, the face values on the medallions are suggestions from the AOCS

that's what I said. Mere suggestions, people who accept it at face value are simply stupid.

to make it easier to compare with FRNs and it is always up to the merchant and buyers to decide what makes a fair trade. I just happen to know a pizzeria that will trade 5 large pizzas for 1oz AOCS silver, which compared to their FRN pricing saves you 40% with the current spot price of silver.

Unless buying 5 large pizzas is regular practice for you, that's probably just his way of giving you a discount for buying 5 at a time. Ask him next time if you wanted just one pizza, would he give you 40 worthless FRN for change, or 40 copper rounds. Also, nobody buys silver at spot price, not unless you buy 500oz or more, that's my experience. Today typically buying rounds will cost you 10% premimum/spread. This is not to mention, you didn't buy the 1oz AOCS at spot price, did you?

 

[Revolution9]

When I have purchased Silver in the past, it would be some standard brand. Nothing fancy or unique date, ala:
http://www.apmex.com/Category/1202/1_oz_Silver_Rounds.aspx

but then I see these, which are more expensive - isn't silver is silver is silver is silver? What does it matter the pattern or manufacterer?
http://www.apmex.com/Category/1596/Engelhard__Johnson_Matthey_Silver_Rounds.aspx
or

http://www.apmex.com/Category/2/Canadian_Silver_Maple_Leafs_2012__Prior.aspx


What is the difference? When / If one was to cash in sometime in the distant future, why would one 1oz of one be more than another 1oz?

Numistmatics. The rarity of the specimen coupled to it's popularity.

HTH
Rev9

 

[oyarde]

Numistmatics. The rarity of the specimen coupled to it's popularity.

HTH
Rev9

Ahh , numistics , I do love it , some of my best buys ever , a 1914 D cent , a 1909 S cent , handful of 1909 VDB cents , 1922 & 1924 cents , 1860's and 1970's cents ,war nickels , Carson City dollars , CC quarter , CC dimes etc etc

 

[Revolution9]

Ahh , numistics , I do love it , some of my best buys ever , a 1914 D cent , a 1909 S cent , handful of 1909 VDB cents , 1922 & 1924 cents , 1860's and 1970's cents ,war nickels , Carson City dollars , CC quarter , CC dimes etc etc

When I was a kid of five and six I would steal a couple of quarters an go up and down th stores changing for rolls of pennies and pulling out the ones I didn't have or were in better grade condition, rerolling them and exchanging at the next store on the block.. I was a philatelist as well. A few months back I viewed a stamp collection worth over 50 million bucks with rows of rare US stamps. They fellow was quite surprised this long haired rock and roller could identify by name most of the rare stamps and give some history behind them.

Rev9