Buying silver bullion?
when a person buys silver boullion, should there be a discount from 'call' price if the silver is not in 'mint' condition?
I occasionally buy smaller amounts of silver bars and at times, the shop sells bars that are not in the greatest condition...
as a general rule, is there a discounted amount for bars such as this? (I realize it's not coins and an ounce of silver is an ounce of silver once it's melted).
Thanks for any real advice
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May 9th, 2009 at 10:37 am
My generous advice to you is to buy gold instead of silver, if it is for making a saving !!!
May 9th, 2009 at 10:37 am
I doubt it. Bars are for investment, not beauty. Why not buy silver proof coins. They will probably increase in value faster than bullion. Silver eagle uncirculated coins have doubled in value in just a few years.
May 9th, 2009 at 10:37 am
Please understand, no expert here, ok? My opinion, however, keeping a lot of silver in my lock box myself over the years, is that condition doesn't really matter unless you are collecting rare silver coins. Bulk or junk silver is priced by the ounce.
I suggest you call up a reputable dealer and frame your question by asking, "I have a few bars of silver in mint condition that I may sell. I also have a few bars that are scratched. If I sell my entire collection to you, will you pay me a premium price for the pristine bars as opposed to the price you'll give me for the scratched bars?"
You may consider asking several dealers the same question.