Is buying random silver, misc from retailers like SD Bullion the equivalent in value as buying it new, just appearance wise makes it a few dollars cheaper?
Quality of silver.. 99.9 fine is the goal. If you find mixed it's still good. Price is issue. Are you buying the coin / jewelery or paying for the silver. China Town they mark all the pewter with the silver grade on them. It's worthless pewter sold at pewter prices normally, but they will act like it's silver. A test kit is recommended if you buy from unknown sources.
Bullion is bullion and worth the same melt price whether it’s shiny or toned, new or preloved. Some people put more value on American silver eagles because of the ease of selling + you should get back a bit more than spot value.
I would advise to order from the big online sellers/mints or a local trusted coin shops who tests each piece for authenticity. Third party sales, make sure you know how to identify real silver.
There’s a difference between bullion (rounds, bars, etc., issued by random private mints) vs coins (issued by government mints). The coins are well-recognized and trusted for their silver content (such as Silver Eagles, and junk silver that is old silver dimes/quarters). Certain reputable private mints will have bars/rounds that are well-recognized and trusted too. Old junk silver (dimes, quarters, etc) is just worth the melt value of the silver content, and is good to have in case of SHTF emergency bartering. Uncirculated Silver Eagles and certain other coins will sell with a premium due to collector’s value though.
Haha I feel it, just did my 3rd order and the biggest at ordering 10oz, thought I was doing pretty good for a noob, got to start pumping my numbers up
If I may ask a Q..
Is buying random silver, misc from retailers like SD Bullion the equivalent in value as buying it new, just appearance wise makes it a few dollars cheaper?
Quality of silver.. 99.9 fine is the goal. If you find mixed it's still good. Price is issue. Are you buying the coin / jewelery or paying for the silver. China Town they mark all the pewter with the silver grade on them. It's worthless pewter sold at pewter prices normally, but they will act like it's silver. A test kit is recommended if you buy from unknown sources.
Bullion is bullion and worth the same melt price whether it’s shiny or toned, new or preloved. Some people put more value on American silver eagles because of the ease of selling + you should get back a bit more than spot value.
I would advise to order from the big online sellers/mints or a local trusted coin shops who tests each piece for authenticity. Third party sales, make sure you know how to identify real silver.
Places like SD Bullion and JM Bullion okay?
Absolutely!
There’s a difference between bullion (rounds, bars, etc., issued by random private mints) vs coins (issued by government mints). The coins are well-recognized and trusted for their silver content (such as Silver Eagles, and junk silver that is old silver dimes/quarters). Certain reputable private mints will have bars/rounds that are well-recognized and trusted too. Old junk silver (dimes, quarters, etc) is just worth the melt value of the silver content, and is good to have in case of SHTF emergency bartering. Uncirculated Silver Eagles and certain other coins will sell with a premium due to collector’s value though.
I'm curious about this as well