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Question regarding buying silver.
How do you trust the Silver you buy is legit Silver?
When it's shipped to you, won't you be a target by a criminal working at the Post Office?
Find a local coin shop. Buy it in person. With cash.
Nobody needs to know what you’re holding.
How do I know that the Silver I'm buying is real?
And Texas Precious metals! It’s TEXAS!
You can literally have it tested at a local coin shop OR test it yourself. Its not that difficult. I've tested my own multiple times.
I test mostly by sound, the Pocket Pinger is nice for that. I think they even offer a fake coin to test against if you don't know what silver should sound like.
Test kits are super cheap and easy to use - they also give good idea of the amount of silver item contains (nearly all silver is actually an alloy that is mostly made of silver).
https://www.amazon.com/silver-test-kit/s?k=silver+test+kit
Magnet test should be first thing to do - rules out anything made with iron/steel
Look for stamp mark in silver (non-coin) to indicate purity - stamps that start with "EP" mean silver plated, not solid silver
You can buy a machine that tests the purity by sending electric signals thru it. Different materials have different signatures.
JMBullion ships it in an unmarked box that only has the address of their packing facility, no one can tell what’s in the box. As for how legit it is, no reputable dealer wants to sell fakes and risk their reputation.
Kitco, Apmex. They tend to have lower premiums. Personally I buy the ATB rounds as I find them beautiful and they are low mintage. I have seen numismatic appreciation as well as the silver spot placekeeping. ATBs would be more difficult to counterfeit due to the size and edge stamping.
Thank you.......can you point me to a link for ATB rounds???
again, thanks
America The Beautiful, you can find them at multiple online dealers but you'll pay a hefty premium vs generic rounds.
https://www.apmex.com/category/22200/5-oz-america-the-beautiful-silver-coins-all/all
These coins are about the size of a drink coaster and have a circulation of 100k IIRC.
there's several ways but you are wise to ask that question....buy from reputable dealers and keep your receipts....you can check silver with magnets or with silver solution that will reflect different colors based on the percentage of silver in your item. I'm sure there are other ways but I prefer a magnet
Do you just put the magnet up to it?
A magnet only tells you if there's a steel core hidden inside, it won't reveal if it's got nickel or something else non-ferrous hidden inside.
good video how to test with a magnet
https://www.youtube.com/watch?v=8Es3JXLZL2g
thank you so much.
You can test it using water displacement to measure it's density to volume ratio. You can read more about it in this thread here. Keep in mind though it's only as accurate as your measurements and works the best with the 99.9 pure silver or gold.
https://gold-forum.kitco.com/showthread.php?99121-Fake-silver-and-the-quot-water-displacement-test-quot