PDA

View Full Version : Where can I find information on reputable silver dealers?



cremes
12th October 2006, 10:06
I suspect this may be in violation of the forum's posting rules, but I couldn't find them listed anywhere (the FAQ is only technical in nature).

Anyway, I am interested in investing in silver. I am a total novice at investing in precious metals though I have years and years of both stock and options investing (and trading) experience. I have been lurking on this forum for quite a while even though I just registered today. :)

Can someone recommend a good book or online resource targeted to the beginner?

Also, is there an online resource that rates the quality and trustworthiness of precious metal dealers?

Thanks for any insight you can offer.

Peter Spina
12th October 2006, 12:57
Welcome to the silver market!

Please take a look at this article. It contains a link to reputable dealers.

http://news.silverseek.com/GoldIsMoney/1160104337.php

I have used AMPEX.com and have been quite happy.

Bill
12th October 2006, 14:14
I have purchased through NWTM a couple of times. If you go through them, expect the delivery of your silver to be just over 30 days after your payment to them has cleared. Even though there is a bit of a wait, I have had no problems with them and, their customer service is top notch.

http://www.nwtmintbullion.com/silver.php

silver3000gt
13th October 2006, 00:04
I have had great serivce from APMEX. Quick shipping, nice prices, reputable dealer. If anyone has any other sites, please let us know.

Silver3000gt

Whatsamobo
16th October 2006, 18:19
I will second Bill's post. I just recieved my first order from the Northwest Territorial Mint as of the writing of this post. It does take a while to recieve your bullion but they sell as close to spot as I can find and the more you can purchase the better the price. I have been making mixxed orders of rounds, and various bars and although they comment on my strange orders they never give me any problems. I have been placing orders for at least 100 ounces each time and paying by personal check. My next order should arrive in about 30 days. So if you are really looking to get physical silver NWTM is my reccomendation. And yes insured shipping is free anywhere in the continental US.

cremes
18th October 2006, 07:52
Thanks for the tips! I will definitely look at NWTM for my orders.

Can any of you suggest a good book or online resource for "filling out" my precious-metals education? While I'm not afraid to start investing without having all the details, I do like to be more educated before I put serious money down. My searches on Amazon have turned up quite a few book possibilities but I want to lean on the expertise of this forum for suggestions.

Thanks again.

Bill
18th October 2006, 12:32
I have yet to buy/read any books pertaining to silver. The internet alone has provided me with tons of info. Here are some links if you care to check them out. A simple google search with basic key words should turn up these and several other links.

http://www.silverinstitute.org/

http://www.silvermarketnewsonline.com/

http://silverstockreport.com/silvershortage/


http://www.monex.com/why/silver_market.html

These are just a few examples.[/url]

Whatsamobo
18th October 2006, 13:13
I have not read them yet but I just ordered them from Amazon. Ruff's Little Book of Big Fortunes in Gold and Silver and Get the Skinny on Silver Investing. The former is a recommendation by James R Cook from his bi-monthly silver news letter. Most of my info on silver has come from these newsletters and other information sent to me by James Cook at Investment Rarities.

cremes
18th October 2006, 13:41
I have yet to buy/read any books pertaining to silver. The internet alone has provided me with tons of info. Here are some links if you care to check them out. A simple google search with basic key words should turn up these and several other links.
(snip)Bill, I did discover those in my own searches but a google rank doesn't tell me if they are trustworthy or not which is why I asked on this forum.

Thanks for putting your name on some examples. I have more reason now to believe what those sites are saying than I did before... :)

Peter Spina
18th October 2006, 16:02
Can any of you suggest a good book or online resource for "filling out" my precious-metals education? While I'm not afraid to start investing without having all the details, I do like to be more educated before I put serious money down. My searches on Amazon have turned up quite a few book possibilities but I want to lean on the expertise of this forum for suggestions.
Thanks again.

I of course must suggest to check out the excellent authors on GoldSeek.com and SilverSeek.com !

There are many good authors out there, but Adam Hamilton is particularly good with new investors:

Junior Golds 101 http://news.goldseek.com/Zealllc/1109352748.php

Silver http://news.silverseek.com/Zealllc/

Trading the Gold-Stock Bull http://news.goldseek.com/Zealllc/1056130801.php

Gold Investing 101

Gold Stock Investing 101

http://www.goldseek.com/101/newinvestor.shtml

digger
25th October 2006, 05:19
For buying bullion I like Bullion Direct (www.bulliondirect.com). You can place orders to buy or sell at specific prices on their Nucleo Exchange and you can see what buy and sell orders are open. eg. Silver spot at $11.75...BD selling Silver Eagles at $13.40...three other sellers selling between $13.10 and $13.30; BD buying @ $12.40...other bids in up to $12.57. BD's Buy/Sell prices move with the market periodically throughout the day. :D

BC
30th October 2006, 18:24
Here is a list of the U.S. mint's silver eagle authorized dealers all over the U.S. I've done business with one of these guys in my state near me and have always got great deals.

http://www.usmint.gov/downloads/mint_programs/am_eagles/MNTBULC2004_SE.pdf

Teutonische Ord
30th March 2007, 16:44
Have been buying Gold and Silver mining stocks since 4 years ago . Last August [ 2006 ] I bought my first bag of silver [ 54 lbs .] of pre 1965 U.S. silver coins from a dealer I used to buy from back in 1978 . Investment Rarities charged $ 11,875.00 for dimes , quarters and some halves. If I wanted all Walking Liberties they charged an extra $ 250.00 . [ spot price was $12.15 ]
The next week I attended a coin show here in West Palm Beach and a couple of people told me that I overpaid . One of the people gave me the name of a friend of his who is a wholesaler . I called him up the next day and got a bag of Walkers for $ 8700.00 . I don't know if the wholesaler would appreciate my giving out his name since he usually only deals with the trade but in the meantime I found another company in Virginia that sells for only 5 % over spot , but there is a $ 5000.00 minimum . Excellent price , shipping included . Got my product in about 2 weeks
The name of the company is: Wexford Capital Management
113 Brenton Court
Stephens City , Va 22655
Phone : 1 - 877 - 855-9760
www.wexfordcoin.com

www.goldsilverbullion.com

Many dealers charge 25 to 30 % over spot . That is a rip off .

JohnG
15th May 2007, 23:33
I have some $1,000.00 face-value bags of circulated pre 1965 silver coins that I would sell for spot + 5%, shipping included.

Maybe a reputable coin dealer would act as an intermediary/escrow agent or ...suggestions?


JohnG



Have been buying Gold and Silver mining stocks since 4 years ago . Last August [ 2006 ] I bought my first bag of silver [ 54 lbs .] of pre 1965 U.S. silver coins from a dealer I used to buy from back in 1978 . Investment Rarities charged $ 11,875.00 for dimes , quarters and some halves. If I wanted all Walking Liberties they charged an extra $ 250.00 . [ spot price was $12.15 ]
The next week I attended a coin show here in West Palm Beach and a couple of people told me that I overpaid . One of the people gave me the name of a friend of his who is a wholesaler . I called him up the next day and got a bag of Walkers for $ 8700.00 . I don't know if the wholesaler would appreciate my giving out his name since he usually only deals with the trade but in the meantime I found another company in Virginia that sells for only 5 % over spot , but there is a $ 5000.00 minimum . Excellent price , shipping included . Got my product in about 2 weeks
The name of the company is: Wexford Capital Management
113 Brenton Court
Stephens City , Va 22655
Phone : 1 - 877 - 855-9760
www.wexfordcoin.com

www.goldsilverbullion.com

Many dealers charge 25 to 30 % over spot . That is a rip off .

JohnG
16th May 2007, 12:18
CORRECTION: ...SELL FOR SPOT + 2 1/2%, SHIPPING INCLUDED.


I have some $1,000.00 face-value bags of circulated pre 1965 silver coins that I would sell for spot + 5%, shipping included.

Maybe a reputable coin dealer would act as an intermediary/escrow agent or ...suggestions?


JohnG