Newbie Buys His First Silver Coins

[JoppySlow]

Hmmm... I'll take it from the lack of replies to my previous question that I was still making much ado about nothing.

Well, I decided to take some of these to a downtown coin shop. I talked with a kindly elder gentlemen, who's been in the business for over 40 years, and expressed my concerns. He basically reinforced what some of you have said here. Nothing he would even think about questioning. 

I had $100 with me and asked if he had any similar 1 oz. rounds. I left the store with four new "generics" to add to my humble little stack. 

 

[AaaGee]

I like the prospector coin 👍

[LawrenceChard]

On 13/08/2022 at 16:21, JoppySlow said:

I bought a few more of these coins - I must confess to being one of the peasants with but a mere pittance to invest, so yes, my stacking is going to be bit by bit.

A couple of them have a different kind of "blemish" I'm curious about. I understand that it doesn't affect the value, but it's still a minor annoyance. Can someone tell me just what it is that might be causing this?

I've watched numerous Youtube videos about "generic" rounds and haven't seen any examples shown with this kind of tire tread pattern.

 

Did you pay"spot" price?

😎

[JoppySlow]

4 hours ago, LawrenceChard said:

Did you pay"spot" price?

😎

No. He asked $25 for each. Which seemed reasonable to me because the listings I was seeing at major online dealers (Apmex, JM, SD) was $26-27 range (for CC/PayPal - not bothering with check payment for the small amounts I'm getting) plus shipping and tax. So I handed the guy a Benjamin and he handed me four silver rounds, in flips. No muss, no fuss.

 

4 hours ago, AaaGee said:

I like the prospector coin 👍

Yeah, it is unique. I did an image search for "1 oz silver round Prospector" and the only example I found for this design was a thumbnail image for an old ebay listing, that is no longer there. Kinda' weird that the thumbnail still shows up in the search list of images, but the ebay link was dead.

Here's the reverse.

[LawrenceChard]

7 hours ago, JoppySlow said:

No. He asked $25 for each. Which seemed reasonable to me because the listings I was seeing at major online dealers (Apmex, JM, SD) was $26-27 range (for CC/PayPal - not bothering with check payment for the small amounts I'm getting) plus shipping and tax. So I handed the guy a Benjamin and he handed me four silver rounds, in flips. No muss, no fuss.

 

Sounds reasonable.

Actually I was joking whenI asked "Did you pay"spot" price?", becauseyour coins had spots on them!

There was a serious point also, that if you bought near spot, then you could not go far wrong.

😎

[West587]

Hi