Are Silver bars from Federatedmint.com worth it?

[Gosssamer]

Hi All,

I saw an offer in the paper where the first 17,544 NY residents who call can beat a 48 hour deadline to buy New York State Silver 100's at just the state minimum. 

Is this a good offer? 

 

 

[999magnum]

WOW Many Ads

[Gosssamer]

is it a pump of some kind? 

 

I'm a little skeptical.

[999magnum]

14 minutes ago, Gosssamer said:

New York State Silver 100's at just the state minimum. 

Is this a good offer? 

 

 

That is a new cigarette brand in the 100 size and selling at the "state minimum" which I really really really appreciate. If I were you I would definitely definitely go for it man! 

[Gosssamer]

you're kidding right?

[matrawr]

Nothings mentioned on the website just see $59 a pop

[999magnum]

1 minute ago, Gosssamer said:

you're kidding right?

Why no man! Not kidding! Go for it and let us know how it goes for you!

[Gosssamer]

newspaper ad doesn't mention the website.  I  see the same thing you do for $59 a pop. 

[matrawr]

https://www.pressreader.com/usa/new-york-post/20171130/282424169540972 article was back on november 30th which mentions something about $99 but going by what I saw on the website they've been cut to $59......maybe if you wait a little longer they could be further discounted?

[Gosssamer]

that is exactly the ad I saw in the Metro paper today.  Does the Silver futures price have any impact on these Silver bars? 

[matrawr]

Possibly most important in this circumstance would be supply and demand. They've probably minted something like 4 times as many as that 170000 figure so if they're trying to market them as rare in my opinion they wouldn't be rare.

[Gosssamer]

5 minutes ago, matrawr said:

Possibly most important in this circumstance would be supply and demand. They've probably minted something like 4 times as many as that 170000 figure so if they're trying to market them as rare in my opinion they wouldn't be rare.

Sounds like they're just trying to get rid of them to make some money before price dips again. 

[999magnum]

Reviews on the BBB website doesn't look good at all. If I were you I'd stay clear of this company.

[999magnum]

Andy?

[matrawr]

$59 isn't even remotely close to the spot price what the advert is saying is if you're an american and proud then buy these. But it depends what reason you're buying them for? Also as 999magnum points out they're not accredited by the BBB so there's a chance you could be throwing your money away. A quick google search should deter you from going near them. If you google federated mint llc

[Gosssamer]

Thanks guys.  It did sound a little too good to be true.  I wanted them as an investment.  

[matrawr]

In that case you'd struggle to make a profit my friend. If you see any adverts/commercials on TV chances are you're paying too much better off going to ebay. It's funny I say that because that's where I get most of my silver!

[Gosssamer]

1 hour ago, matrawr said:

In that case you'd struggle to make a profit my friend. If you see any adverts/commercials on TV chances are you're paying too much better off going to ebay. It's funny I say that because that's where I get most of my silver!

point taken.  I guess I need to take the chance some time. 

Thanks again

[matrawr]

  I'm not saying you have to or should after all there's a lot of counterfeits on ebay so should only purchase if confident before purchasing from there post a link and ask the forum I only have one person who I can rely on who sells genuine silver and accurately describes listings. Ideally purchase from an authorised dealer but ideally buy bulk.