Localfund.com - All about Fund and Investment
*Home>>>Investment Advice

I'm thinking of purchasing silver coins, any advice on which company to buy from?


I'd appreciate it if you'd share your experience with silver investments. Thanks

I'd recommend buying coins on eBay. Modern coins are commodity items almost like bullion, and the competition among sellers there is fierce. If you're looking for collectible coins then you can get a quantity discount by buying a lot from a dealer or individual selling off a collection. Again eBay is an excellent source. With collectible coins, especially ones that aren't officially graded, you have to know what you're doing so you don't get caught in a bidding war and overpay.

Any dealer that is spending money advertising coins for investment is probably getting such a huge markup that the coin market would have to explode before you could break even. I know whenever I see coins and stamps offered for sale outside of hobby magazines, the prices are always outrageous.

Even if you get a great deal it's very difficult to make money in coins unless you have the resources to buy large collections at a fraction of retail and then sell at or near retail. If you're bullish on silver I think mining stocks are a much better way to leverage your money.

my mom has bought coins from the US Mint and also from the US treasury. Make sure the places where you buy the coins are legit. there are other ones, but i would definitely try searching for them on google and READ CAREFULLY!!

Buying silver coins sounds like a losing proposition. You have to store them and if and when you want to sell them it would be hard to get an accurate price. Hard metal assets are a royal pain.

back to the drawing board.

Tags
  Investment Firms   Investment Company   Investment Calculator   Investment Bank   Investment Advice   Investment Account   Invest Money   Invest in Gold   Invest Fund
Related information
  • Any advice on penny stock investing?

    While I agree with what many have said about investing in penny stocks - staying away - if you are going to invest in them no matter here is some advice. 1. Only use risk capital. If this is mon...

  • What advice would you give my friend?

    What a good friend you are. I'm not familiar with your market, but getting land at less 25% of the appraised price seems unlikely. What is she buying the land for, an investment? Possible...

  • Fiancial Advice for someone who is in big trouble. What should my friend do?

    They need to give up their extravagant lifestyle. They should sell their huge home (they've probably gained some money on it) and use their gains to purchase a more modest home and pay off so...

  • Stock advice, will you give me your ideas?

    open the link and you shall get stock ideas: ...

  • Is it a good idea to sell my detached single family house and buy a duplex in the city instead?

    One word of advice is that without specifics, NOBODY here can give you a more specific opinion on your situation. Depending on your local market, you could be receiving at least $10k increase in...

  • Has anybody actually bought a forclosed house, or know how to?

    We bought a house that the bank had foreclosed on the owners. It was bank-owned, and vacant. We bought it with the idea that we would live in it many many years. It was a great deal, and we'...

  • Bajaj allianz unit gain problem?

    Dear, These insurance policies are not good for investors. They cut too much charges in first 3-4 years. Insurance is not for investment. I feel sorry that these insurance missellers adviced you...

  • Buying first home, do I go previously built (5-10yr) or buy new spec home. Been hearing they are all crap?

    My husband and I currently are moving from our home we built 7 yrs. ago and are making a 65,000 profit off the sale. We're moving from Arnold, down to Pevely because you can build more house ...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster