Advice on Investment grade Silver purchase on Amazon with Amazon Gift Card- $725 value

[chadam1978]

Since Amazon does not allow you buy Silver eagles and other coins with their gift cards but does allow for silver rounds, bars not coin bars what should I buy with $725 in amazon gift cards. I see their are some rounds available, although reviews are mixed at best. Am considering either: 

2 oz .999 Aztec Calendar Stone, Eagle Warrior Emperor of Tenochtitlan @ $84.95 I would get 7 to 8 of them

or

Buffalo Silver Round Fine Silver 1 oz from SilverTowne Mint @ $45.99 14-15 of them give or take since I am I have roughly $725 in gc dollars

 

Clearly the 2oz Aztec coin makes sense from a price point. However, I am curious in terms of how theses are regarded as investment grade and ect, I do have silver eagles and other silver coins and how would these affect my holdings value and or is that the wrong way of thinking of it? What shall I do and transferring is net to impossible and don't want to buy anything else with the gc other than silver... I really appreciate everyones thoughts on this and excited to join the community!

[LawrenceChard]

On 25/07/2021 at 17:22, chadam1978 said:

Since Amazon does not allow you buy Silver eagles and other coins with their gift cards but does allow for silver rounds, bars not coin bars what should I buy with $725 in amazon gift cards. I see their are some rounds available, although reviews are mixed at best. Am considering either: 

2 oz .999 Aztec Calendar Stone, Eagle Warrior Emperor of Tenochtitlan @ $84.95 I would get 7 to 8 of them

or

Buffalo Silver Round Fine Silver 1 oz from SilverTowne Mint @ $45.99 14-15 of them give or take since I am I have roughly $725 in gc dollars

 

Clearly the 2oz Aztec coin makes sense from a price point. However, I am curious in terms of how theses are regarded as investment grade and ect, I do have silver eagles and other silver coins and how would these affect my holdings value and or is that the wrong way of thinking of it? What shall I do and transferring is net to impossible and don't want to buy anything else with the gc other than silver... I really appreciate everyones thoughts on this and excited to join the community!

Sounds like a rather restrictive and unneccesary policy. Why should Amazon want to dictate what you can and can't do with one of their gift cards? I'd be tempted to stick their gift cards up their rear end.

Apart from that, I can't really help, unless you have some friendly dealer who will let you buy silver rounds, then swap them back for the coins which you would rather buy in the first place. 🙂

[chadam1978]

I concur! Completely restrictive. Their policy changed some time ago. In the past I was able to buy silver eagles with gift cards but Amazon discontinued that so I am seeking ways hence here I am. Leaning towards rounds at this point unless another option is discovered…although I recognize it’s a good problem to have since it’s basically free credit to me other than all the activities I have had to do 5rough bing rewards and surveyjunky. 

[erv]

Their prices for silver are high.  I would use the gift cards to buy other products from Amazon that you normally use and are priced close to what you normally pay.  Then use that money to buy silver elsewhere.  If you elect to use Amazon then buy the two oz round as that will get you an extra ounce for your money.

[chadam1978]

Thank you Erv, any recommendations for which silver rounds to purchase. I do see there are 1 option for a 2 oz Aztec calendar round selling for roughly $84 and the 1 oz ones I was looking at was either the sunshine minting silver round for $45 or the Buffalo silver round from silver towns for roughly $46.50 or any other thoughts? 

[zxtm99]

Could you not sell your vouchers, albeit at a slight discount, and use the proceeds to buy better value silver?

[chadam1978]

Hi zxtm99, unfortunately, selling the card balance is not as simple as it might seem plus it is riddled with scams and such. Would be glad to lose value to convert it to cash but it is next to impossible...Hence why I am in a quandary, sitting with roughly $725 in amazon gift card value sitting in my account ready to go. Would love to deploy it on silver but still skeptical or willing to at least buy rounds and or open to other ideas..?

[DarkChameleon]

On 26/07/2021 at 20:37, chadam1978 said:

I concur! Completely restrictive. Their policy changed some time ago. In the past I was able to buy silver eagles with gift cards but Amazon discontinued that so I am seeking ways hence here I am. Leaning towards rounds at this point unless another option is discovered…although I recognize it’s a good problem to have since it’s basically free credit to me other than all the activities I have had to do 5rough bing rewards and surveyjunky. 

Isn't it ironic that Jeff bezos talks about lack of competition in the space market when space x gets the contract for Mars and offers $2B to nasa to put him back in the race, just as Microsoft loses its contract and its opened again to Jeff Bezos to compete in a monopoly problem while he monopolizes the online marketplace, steering people to what he wants them to buy and not what they want to buy.

[chadam1978]

Exactly, So frustrating, however, I cannot complain since my gift card balance is basically free money to me. The irony is that a majority of the balance I have been able to assemble and still growing is from Microsoft. When I hit 5250 points on Microsoft Bing rewards I go ahead and redeem for an electronic  $5 amazon gift card. Been doing this for 5+ years. Also, when I play xbox and earn an achievement by doing something fun during a game I can also obtain bing rewards for them aswell just like doing searches and survey though bing. So basically Microsoft is paying me to buy on Amazon and Amazon controls what I can buy from Microsoft. When I first started doing bing rewards I was doing the same in terms of redemption into amazon for electronic gift cards and was able in fact to buy SILVER EAGLES. Heck, I was able to get 8 in that manner until they changed the TOS. When they changed their TOS, I haven't bought anything from amazon, just adding to my gift card balance by redeeming and not up to $725 and growing...For a while I was considering using the balance for a nice watch. But nothing wets my whistle for watches right now and really, really,really would like Silver. Wish I could so eagles but also not allows. considering Silver rounds, but on the fence...any thoughts?

[erv]

On 28/07/2021 at 10:29, chadam1978 said:

Thank you Erv, any recommendations for which silver rounds to purchase. I do see there are 1 option for a 2 oz Aztec calendar round selling for roughly $84 and the 1 oz ones I was looking at was either the sunshine minting silver round for $45 or the Buffalo silver round from silver towns for roughly $46.50 or any other thoughts? 

Out of the three I would go with the 2 oz Aztec.  Personally I like the round better and it is the cheaper of the three.

[chadam1978]

Thank you for the tip! I may consider that one, just concerned about counterfeits and such and still open to additional ideas?