Would you buy these? (Sunshine Silver Rounds.)

[123tim]

Just wondering if Sunshine Silver Rounds (from Apmex) would be a good buy?

http://www.apmex.com/Product/55208/...ntact&utm_medium=email&utm_campaign=060211img

Would they be harder to resell than a well known silver coin?
I was thinking that they don't seem to have many distinct markings on them (Making them harder to sell?).

Would Maple Leaves be a better choice?

 

[bobbyw24]

When I buy from APMEX, I make sure what ever I buy is something that APMEX has a Buy price on--meaning that APMEX will buy it back.

I made the mistake of buy a 100 oz. Northwest Territorial Mint bar and had real issues when it came time to sell it locally.

 

[123tim]

Thank you for the reply.

I was editing my post to include Maple leaves as you were answering.
I think that you answered my question.

 

[bobbyw24]

These rounds have this--so you should be fine

APMEX stands behind every product it sells with a satisfaction guarantee.

Buy Price: $35.84
* This is the price APMEX will pay you when selling your items to APMEX. Subject to certain minimums.

 

[pmbug]

Just wondering if Sunshine Silver Rounds ... Would they be harder to resell than a well known silver coin?

Most coin shops would consider them a generic 1oz round. Check with a local coin shop and ask them what price they would give you on them if you sold to them.

You will get a better price on more well known coins, but that's why they cost more in the first place. As long as merchants are willing to buy, it's the spread between the buy/sell prices that will determine the best profitability for your investment.

 

[bobbyw24]

Bern is right.

When I sold a 100 oz. NWT Mint bar to a local coin shop, I lost $.25/oz b/c it was not from Eberhard or JM

 

[cubical]

You are selling your silver

 

[bobbyw24]

You are selling your silver

Yep--sold some at $46/oz and used that money to buy more at $33/oz.

Holla @ me when it gets back to $46/oz., bro

 

[cubical]

Yep--sold some at $46/oz and used that money to buy more at $33/oz.

Holla @ me when it gets back to $46/oz., bro

not saying you are lying, but don't be that guy.

 

[Seraphim]

? I don't see the point.

not saying you are lying, but don't be that guy.

 

[cubical]

? I don't see the point.

the guy who comes out and says he sold at the top and got back in at the bottom.

 

[Seraphim]

ohhh...

the guy who comes out and says he sold at the top and got back in at the bottom.

 

[oyarde]

I suggest you buy American silver coins ...

 

[nbhadja]

I would be suspicious. It is a legit deal and a good deal at this moment, but why are they offering that silver deal now? There is some speculation that Silver will drop some more.

Maybe I overread stuff but when a company offers a good deal like that at a time when Silver has decreased a little lately it makes me think that maybe prices will keep going down. Why would they offer such a good deal if Silver was gonna remain at the same price or increase in price?

 

[Arklatex]

I know a lady who inherited a bunch of 100 OZ bars, they are johnson matthey and she can't get anyone to buy them without first letting them get em tested.

I'd go with any 1 OZ rounds. My personal favorite are the Canadian Wolfs and Grizzlies.

 

[bobbyw24]

I know a lady who inherited a bunch of 100 OZ bars, they are johnson matthey and she can't get anyone to buy them without first letting them get em tested.

I'd go with any 1 OZ rounds. My personal favorite are the Canadian Wolfs and Grizzlies.

Yes--paying the extra premium has some advantages

 

[LibertyRevolution]

Sunshine mint is a well known mint. It should not be hard to sell them as a generic 1oz round.

As long as you know going in that they are not American Silver Eagle coins, just .999 bullion called silver eagles.

I love Canadian Silver Maples, but the premium is a bit much.
I like that they have a $5 face value, while American silver eagles only have a $1 face value.
I refuse to buy American Silver Eagles, I don't like our government so I refuse to buy their coins.

80% of my silver is in 1oz bullion. Engelhard Prospectors and sunshine 1oz bars mostly.
I have at least 50 of those sunshine mint "silver eagle" 1oz bullion rounds.
I only got a few American silver eagles, but I got a bunch of maples.

If everything was equal, I would buy maples, but its not.
At $7+ over spot for a maple... 1oz generics from a known mint for $1 over spot sounds better to me.

P.S. I wouldn't touch a 100oz bar with a 10 foot pole. I don't think I would even buy a 10oz...
To much hassle.. 1oz are easier to move.

 

[Dr.3D]

Both Sunshine and Northwest Territorial are very well known mints. I would have no problem with buying rounds from either of them.

 

[sparebulb]

I know a lady who inherited a bunch of 100 OZ bars, they are johnson matthey and she can't get anyone to buy them without first letting them get em tested.

Do you know what methods they use to test the bars? I would not be very happy with any invasive procedures.

 

[123tim]

Thank you all for your advice. I really appreciate it.
I'm sort of torn now. Good advice from both sides.

Maybe it will be clear to me tomorrow.