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Posted

On the topic of local shops, what places seem to consistently offer the lowest premiums for gold/silver purchases?

I can only assume that this has been covered but mega thread is mega, and I ain’t got time for that.

* Also, is it better to just purchase online?

Specifically, I’m looking for gold bars or coins, and not necessarily wanting to buy in full ounces sometimes.

Posted
19 hours ago, scottsins said:

On the topic of local shops, what places seem to consistently offer the lowest premiums for gold/silver purchases?

I can only assume that this has been covered but mega thread is mega, and I ain’t got time for that.

* Also, is it better to just purchase online?

Specifically, I’m looking for gold bars or coins, and not necessarily wanting to buy in full ounces sometimes.

Where you at?

Online can be fine. Just avoid any "scam yer grandad" places that say to call them for prices. I had good experiences with Provident Mint, Apmex (before it went crazy on prices), Gainesville coins, a couple others.

By your last sentence, do you mean you want to buy multiple ounces, or fractional ounces?

Posted
Where you at?
Online can be fine. Just avoid any "scam yer grandad" places that say to call them for prices. I had good experiences with Provident Mint, Apmex (before it went crazy on prices), Gainesville coins, a couple others.
By your last sentence, do you mean you want to buy multiple ounces, or fractional ounces?

Austin area.

…and fractional ounces was what I should have stated originally.
  • Hook 'Em 1
Posted
4 hours ago, scottsins said:


Austin area.

…and fractional ounces was what I should have stated originally.

For fractionals I usually do a tad better locally but you're limited to what they have. Austin dealers are probably pretty well stocked though.

Fractional mark-ups can be high, but I have beaten the system by buying from friends, split the difference between what they'd get and what you'd pay.

In Texas, if you are going with Mexican gold, I'd get the first few from a dealer. I say this because down on the border they make 2 peso copies (usually 90%, or 21.6 karat) in 18 karat, 14 karat etc for weddings and whatever. I seent em on trays at La Moneda de Oro in Laredo. Side by side it's obvious which is original, and the store wasn't trying to trick anybody, but you can see how some might get mixed up out in the wild.

  • 3 weeks later...
Posted
1 hour ago, CleverNickname said:

means a 80:1 ratio if anyone wants to trade silver for gold

Then they are morons.....

Mined today at a 7:1 ratio
Roman Empire 12:1 ratio
When this country was founded 15:1 ratio
In 1980 mania 16:1 ratio
In 2011 mania 31:1 ratio

If you convert silver to gold for anything above 40:1 I don't know what to tell tell ya

Posted

Last penny was minted today. It's still legal tender but there shouldn't be more made. I read that it may end up costing the US Mint more because it's more expensive to mint nickels and they may need to up minting more nickels now.

  • Rage+1 1
Posted
9 hours ago, Nice Guy Eddie said:

Last penny was minted today. It's still legal tender but there shouldn't be more made. I read that it may end up costing the US Mint more because it's more expensive to mint nickels and they may need to up minting more nickels now.

start your collection now.  

  • Hook 'Em 1
Posted
7 hours ago, 52-80 said:

start your collection now.  

I got a jar, you got a jar, all God's children got jars. Of pennies and other coins. That's the problem, everybody gets them, hardly anybody spends them.

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