StainLess Steel MediaRepackboxInline FabricationGraf & Sons
WidenersRotoMetals2

Page 1 of 5 12345 LastLast
Results 1 to 20 of 98

Thread: Buy 1 oz. (or larger) silver bars for physical possession

  1. #1
    Boolit Master
    FISH4BUGS's Avatar
    Join Date
    Jun 2005
    Location
    Inland from Seacoast New Hampshire
    Posts
    1,868

    Buy 1 oz. (or larger) silver bars for physical possession

    I have come into some unexpected dollars and I want to put the money away. I don't need any more guns (yeah...right )
    Does anyone make plain and simple 1 ounce silver bars, or 6 oz or 1 lb or whatever size?
    Gold would work too but there is probably more upside potential with silver bars.
    I am not interested in coins. I don't want to pay for someone else's design and production. I just want plain old silver or gold.
    I also will take physical possession.
    Any help is appreciated.
    Collector and shooter of guns with selector switches and threaded barrels. Collector of suppressors, SBR's, AOW's and SBS's. Lead and brass scrounger. Never too much brass, lead or components in inventory! Always looking to win beauty contests with my reloads.

  2. #2
    Boolit Master Skipper's Avatar
    Join Date
    Apr 2008
    Location
    Behind the lines in Commiefornia
    Posts
    606
    Some people try to turn back their "odometers." Not me. I want people to know why I look this way. I've traveled a long way and some of the roads weren't paved.

  3. #3
    Boolit Master



    BrassMagnet's Avatar
    Join Date
    Apr 2012
    Posts
    2,314
    Consider junk silver.

  4. #4
    Boolit Master Thumbcocker's Avatar
    Join Date
    Oct 2007
    Location
    East Central Illinois
    Posts
    2,420
    Several firms offer silver rounds and ingots. Sunshine silver comes to mind.
    You'll go far providin' you ain't burnt alive or scalped."

    Will Geer as Bear Claw in "Jeramiah Johnson"

  5. #5
    Boolit Buddy
    Join Date
    Jan 2010
    Location
    Kiln, Mississippi
    Posts
    412
    I shopped Goldline. They advertised that they bought back for spot price. It was like pulling teeth from a chicken to discover that they sold metal at well over price of other dealer's. I bought and have continued to deal with Southern Coin and precious metals as they are local to me. Always happy with my transactions with them. Looking on their site, they have a silver 10oz "Silver Bullet" ingot. https://scpm.com/bullion.php .

  6. #6
    Boolit Master
    Join Date
    Nov 2005
    Location
    Monterey Tennessee
    Posts
    1,484
    I buy all my silver from APMEX. Never had any issues with them. They market bars in a bunch of different sizes.
    East Tennessee

  7. #7
    Boolit Master

    Join Date
    Apr 2014
    Location
    Way up in the Cascades
    Posts
    2,314
    You might reconsider buying coins. The bullion silver dollars are 1 oz. and are recognizable as being money, especially those issued by the U.S. Mint that say "United States of America" on them, complete with Walking Liberty on one side and Eagle on the other. A second choice would be Canadian issue.

    Advantage is that if you need to dispose of them they are obviously what they are, whereas an ingot is taking a chance on what it is made of. If you need a smaller amount of value than what the entire ingot is worth, then you're in the position of having to cut part of it off.

    I've used Monex Co. with satisfaction to acquire silver coins. Yes, you will pay a commission, but if you view it as a long term investment the value will eventually surpass the purchase price and thereafter you won't lose any money if you view the value of the metal as being relative to the economy. The advice to consider "junk silver" is also good, as the value is in the weight of the metal and not the uncirculated appearance. Just like the ingot, if a bullion silver dollar is worth (example, not current) $15.00 and you want to spend $6.00 it's nice to have some quarters.

    Most people who invest in silver consider, I think, the possibility that paper money will someday be worthless while silver will still have value. As long as paper money is still accepted you can always sell your silver in whole or part for the paper cash that you need and complete your transaction, but if the "bottom falls out" it will be nice to have the silver for necessities.

  8. #8
    Boolit Master
    farmerjim's Avatar
    Join Date
    Nov 2012
    Location
    St. Francisville, Louisiana
    Posts
    1,376
    A bit of silver in your casting alloy helps the mold fill out. It is hard to cast pure silver, but if you could get some round bars, you could turn them on a lathe.
    I have seen 45 lb silver ingots.
    There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialismóby vote. It is merely the difference between murder and suicide. Ayn Rand

  9. #9
    Moderator



    JonB_in_Glencoe's Avatar
    Join Date
    Mar 2010
    Location
    Land of 10,000 Lakes
    Posts
    10,972
    Quote Originally Posted by FISH4BUGS View Post
    SNIP...

    I am not interested in coins.

    Any help is appreciated.
    You may want to reconsider older US silver coinage culls.

    Back in the late 90s, because of the Y2K thingy, I bought a bunch of Silver.
    All kinds of pieces, from one ounce rounds to Bars to dated Silver Eagles to Foreign coins to US coins.
    The neatest things I had were one ounce rounds from Las Vegas Casinos, they were usually dated, mostly from the 1970s.

    Anyway, years after, I decided to sell. NO commercial buyers were interested in anything, except old US silver coins.
    I got a fair price for those coins, Half dollars and whole dollar coins paid the most.
    I did sell all the other silver...but I surely didn't get anything near the current going rate for the other stuff...especially the foreign silver coins, they are all varied in silver content and were difficult to sell as a lot, So I didn't sell them at that time. Last year I was sorting through my junk and found those foreign silver coins and traded them at the local gunshow (our gunshow also encourages coin collectors). When I bought that lot of Foriegn silver coins, it was advertised as 16 US ounces of silver content, the bag weighed a 2 or 3 pounds, as some coins were only 10% silver while others were 90%. Anyway, I swapped that pound of silver for 3000 small pistol primers (vintage Alcan primers)...No a good deal for me, but no one in the USA likes foreign silver coins.

    About 3 years ago, when Silver seemed to bottom out (around $15 an ounce), I started looking to buy up some silver. I bought a bunch of Walker Half Dollars and some Mercury Dimes. All were culls, but have readable dates... I have a thing about only buying coins that I can read the Date on. When buying those, there is a bit of a premium compared to buying silver Bars or Rounds...maybe about $1 to $2 per ounce...But it's worth it in the end, when you try to sell them.

    Also, be aware there are FAKES out there, especially mint condition Silver Dollars that are collectable...also for the same reason, Don't buy any coins that have been cleaned. The nice thing about real old silver US coinage culls, it about impossible to duplicate/fake the patina of 100 year old coins.

  10. #10
    Boolit Master dkf's Avatar
    Join Date
    Mar 2013
    Location
    Pa
    Posts
    1,332
    I usually buy Johnson Matthey silver bars of of Ebay. The 1oz bars are sealed in plastic.

  11. #11
    Boolit Master
    Mal Paso's Avatar
    Join Date
    Jun 2010
    Location
    Carmel, Ca
    Posts
    2,144
    Good post JonB!

    Thank you!
    Mal

    Mal Paso means Bad Pass, just so you know.

  12. #12
    Boolit Master
    Traffer's Avatar
    Join Date
    Feb 2016
    Location
    Central Wisconisn
    Posts
    1,534
    Silver ingots that are "home poured" are very hard to sell. I wouldn't touch them with a ten foot pole. I wouldn't even buy them if I saw the people pour them myself. Too easy to cheat or fake. I would suggest finding a place that sells reputable stamped ingots or rounds. I sold a bunch of 1oz rounds for $3 over spot on a day's notice. Almost as liquid as cash.
    AKA hans.pcguy

  13. #13
    Boolit Master
    Join Date
    Nov 2005
    Location
    Monterey Tennessee
    Posts
    1,484
    I never had any difficulty selling APMEX bars anywhere.
    East Tennessee

  14. #14
    Vendor Sponsor
    Handloader109's Avatar
    Join Date
    Jan 2014
    Location
    NW Arkansas
    Posts
    1,335
    Buy Coins. US coins first, Canadian Second, maybe a bit of other countries if you want to look at other coins. But Coins. That way you and the BUYER KNOWS the content is correct.
    Bullion.... only if you want to have a few small bricks. WAY harder to sell. I know I Would NOT trust any at all that an individual was selling. Might pay half going rate. Tops.

  15. #15
    Boolit Master
    DerekP Houston's Avatar
    Join Date
    Nov 2015
    Location
    Houston, Texas
    Posts
    2,873
    Quote Originally Posted by snowwolfe View Post
    I buy all my silver from APMEX. Never had any issues with them. They market bars in a bunch of different sizes.
    I prefer apmex as well, I like a stock of junk silver smaller coins for "play money"
    My feedback page if you feel inclined to add:
    http://castboolits.gunloads.com/show...raight-Shooter

    Thanks Yall!

  16. #16
    Boolit Master RogerDat's Avatar
    Join Date
    Nov 2013
    Location
    Michigan Lansing Area
    Posts
    4,478
    Quote Originally Posted by BrassMagnet View Post
    Consider junk silver.
    Poor quality coins offer a clear advantage over "unknown" silver bars in that you don't have to pay to have them tested on sale. You pay little for the coin design but a silver dollar of a certain year is a known percentage of silver so no testing needed with a ready market.

    If one was dealing with a hyper inflation scenario where precious metals had clear advantage one should recall the "shave and a haircut 2 bits" rhyme. It came from using a chisel to cut dollar coins into 8 "bits" like a pie so that one could have small change when coinage was in short supply. Each 1/8 of a dollar was 12.5 cents, so 2 bits was a quarter. During westward expansion small change wasn't shipped or carried out west, people took life savings in $1 to $20 gold and silver coins, pennies, nickels and dimes? Not so much.

    What I'm saying is if fiat currency has little value a coin of silver has increased value and can be cut with chisel to provide smaller denominations. I do not consider this likely mind you but hyper inflation or currency devaluation are certainly within the realm of possibilities.
    Je suis Charlie
    Scrap.... because all the really pithy and emphatic four letter words were taken and we had to describe this way of getting casting material somehow.
    Feedback page http://castboolits.gunloads.com/show...light=RogerDat I do trade a bit from time to time.

  17. #17
    Boolit Grand Master
    bangerjim's Avatar
    Join Date
    Apr 2013
    Location
    out of here, wandering somewhere in the SW.
    Posts
    8,711
    US coinage is a far better investment than bullion bars. Coins are fair trade. Bars can usually only be sold thru bullion dealers. People will NOT trust you that you have 99.9 silver bars!!!! I sure would not. Old US coins are face value minimum! And much more in silver content. I ordered a 75# bag of old half dollars several years ago when silver was rock bottom. Nice to have. But bars are questionable when you need to cash in or under **** scenarios.

    Same with gold. $20 Saint Gaudens gold pieces are the only way to go. Beautiful coins! NOT the new Buffalo mint things you see on TV.

    It is recommended by most financial consultants you have a minimum of 10% of your net worth in precisous metals (Au/Ag/Pt) you can hold in your hands, not paper certificates it exists somewhere in some company’s vault.

    Good luck in your investment path. I have been going down that path for the past 20+ years.

    Bangerjim

  18. #18
    Boolit Master
    GOPHER SLAYER's Avatar
    Join Date
    Aug 2008
    Location
    Cherry Valley ,Ca.
    Posts
    1,976
    Quote Originally Posted by farmerjim View Post
    A bit of silver in your casting alloy helps the mold fill out. It is hard to cast pure silver, but if you could get some round bars, you could turn them on a lathe.
    I have seen 45 lb silver ingots.
    The Lone Ranger didn't seem to have any trouble and he cast over a small camp fire.
    A GUN THAT'S COCKED AND UNLOADED AIN'T GOOD FOR NUTHIN'........... ROOSTER COGBURN

  19. #19
    Boolit Grand Master
    bangerjim's Avatar
    Join Date
    Apr 2013
    Location
    out of here, wandering somewhere in the SW.
    Posts
    8,711
    Silver melts at 1763F. Good luck doing that over a standard camp fire! Mythology is amazing.


    But you can alloy silver into a melt at much lower temps if you know how to do it. Just like antimony.

    Bangerjim

  20. #20
    Boolit Master

    rancher1913's Avatar
    Join Date
    May 2015
    Location
    plains of colorado
    Posts
    1,844
    real united states silver coins will have a "I know what these are so yah I will accept them for payment" factor, the silver bars will only really be bought by a person in the know and they will take a "middle man" cut. junk silver in larger denominations just can't be beat for buying from local merchants if the **** or reselling down the road if everything stays the same. we do keep some bullion silver for payment of property taxes because if it gets bad enough the gov will take anything.
    if you are ever being chased by a taxidermist, don't play dead

Page 1 of 5 12345 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Abbreviations used in Reloading

BP Bronze Point IMR Improved Military Rifle PTD Pointed
BR Bench Rest M Magnum RN Round Nose
BT Boat Tail PL Power-Lokt SP Soft Point
C Compressed Charge PR Primer SPCL Soft Point "Core-Lokt"
HP Hollow Point PSPCL Pointed Soft Point "Core Lokt" C.O.L. Cartridge Overall Length
PSP Pointed Soft Point Spz Spitzer Point SBT Spitzer Boat Tail
LRN Lead Round Nose LWC Lead Wad Cutter LSWC Lead Semi Wad Cutter
GC Gas Check