How much over spot would you pay for silver?
I was wondering how much over spot a person should expect to pay for silver?
I know that a lot of people say that they pay close to the spot price at local dealers - I seem to have no luck finding local dealers interested in selling anything.
Is there a percentage calculation that works for coins as well as silver bars? The kitco website seems to have good recommendations for silver coins but I can't seem to find any recommendations for silver bars.
As an example, I've noticed that 1 ounce silver bars seem to be going for around $22.00 (on ebay)when spot price is $19.00. Is this a good price?
Thank you.
Go to your local bank and cash 100.00 bill in
for a box of nickels that are at a 15% discount to metal, not even including transportation and fabrication costs. Preferably uncirculated for maximum value. In 2009 they will be made of zinc or some other crap. My guess is the last year its made, probably this year, will be worth 300.00 overnight on the change. Maximum loss? Well, its always worth what you paid in dollars. Best risk/reward ratio around. Warning: The banks do not like it as a common occurence. Some are downright nasty so talk your favorite teller into it and do not abuse the privelage.
