Chicagodogs

I wanted to do the same thing a while back. I went to my LCS and asked to trade on the ratio. They told me I would have to sell the silver for the price they pay. Then buy the gold for the price they sell. It smelled fishy and didn't do it. I would imagine most dealers do that too. Do you do the gold silver ratio thru a private transaction?

They find more uses for silver yearly. Many say it's just an industrial metal. And if manufacturing falls so will the silver price. They also say that about palladium. But palladium is the most expensive right now. They use it for catalytic converters, but car sales are thru the floor. I heard they invented cold fusion, something the size of a 12 inch cube that can make free electricity to supply every home. The main ingredients are silver and palladium.

I was daydreaming the other day about my exit from silver. What price and what would I buy? Have you had the same thoughts? For the amount to pay off my mortgage, silver would have to be $1,000 per once. If silver hit $500 I could buy the least expensive C8 corvette. Back to dreaming.

American silver eagles are going for $28.00 each on Ebay right now! $25.00 for generic.

Since the SEC told JP Morgan to stop rigging the silver market. Gold and Silver will rise until the stock market correction. They will fall with the market and then past $50, then another pull back from the people that bought near $50 in 2010 and want out. Then it's off to triple digits!

$16 for American Silver Eagles.

Just went on Ebay. 1 circulated silver dime, the cheapest is $2.25!

Congratulations on you stacking for the first time. The best deals I've found has been on Ebay for 90% silver. The silver paper spot price has definitely dislocated from the physical price. Just got off the phone with my LCS. $8 over spot on 2020 ASEs. $7 over spot for any other year ASEs. Will pay $3 over spot for any year ASE. Ebay is better than my LCS, but Ebay isn't part of my local economy. Good luck with your stacking.

My LCS told me when the silver price was nearing $50. The line of people buying went out past the front door from FOMO.

That's OK, on the Queens side on one, has a noticeable scratch. I try to buy 2 of coins, hoping to get 1 good one. Are you talking about the face of the rim where the scratches are?

Hello Cosmosaic, From what I understand in the US. Constitutional and Silver eagles are both legal tender. Capitol gains taxes on legal tender (gold & silver coin) is nothing up to $1,000 face value. 14 dimes ($1.40) = 1 oz.. 1 oz silver eagle equals $1. The better profit would be on the silver eagles IMO. All rounds and bars are subject to capital gains taxes from 1 oz or more.

Only one 2 oz silver Queens Beasts left! The series came in with a roar. Will the last coin end with a yelp? I don't think I'll collect a complete set again. Even with one 2 oz left, I still need three silver 10 oz to complete that set. I hope I can complete the 2 sets before silver goes to a hundred an ounce, ouch.

Just received 2. They look pretty nice.

I believe April will be a very good month for gold and silver.

I had virtually the same thing happen. I paid a $100 premium for a slabed 10 oz Queens Beasts Griffin. Flawless when I bought it. After a few months a milk spot formed. Looked at the picture of it on the NGC website, no hint of a milk spot. The NGC rules on milk spots are basically an act of God and you have no recourse. I had bought 2, I cracked the milk spotted one open and used a rubber eraser on it. Now you can only tell if you look for it. No more premium slabed coins for me.