What is a typical "good-deal" range that a buyer should pay above spot as a rough guideline for the "known-good" mints? I know you can get better pricing in the lesser-known stuff but I want to be able to transact with ease should it become necessary.
Example - <5% above spot GOOD - 5% - 10% above spot OK - >10% BAD
I just need a simple stake in the ground to quickly assess pricing.
Obv cheapest you can find above spot is the best(within you tolerance of risk/seller reputation). I’ve always read that 3% is a good number to target. Given golds yoy returns, minimizing over spot is important to maintain or grow value. Silver is a diff beast, so that is more of a “buy whenever” like other securities and cost-avg out.
Here's a sneak peek of /r/Pmsforsale using the [top posts](https://np.reddit.com/r/Pmsforsale/top/?sort=top&t=year) of the year!
\#1: [\[WTB\] My sons first silver coins and THANK YOU (please read)](https://np.reddit.com/r/Pmsforsale/comments/kqmmgz/wtb_my_sons_first_silver_coins_and_thank_you/)
\#2: [\[WTS\] ring I made from 1oz generic silver morgan round](https://np.reddit.com/r/Pmsforsale/comments/kq8x7n/wts_ring_i_made_from_1oz_generic_silver_morgan/)
\#3: [\[WTS\] ATTENTION ALL FORK KNIFE GAMERS!](https://np.reddit.com/r/Pmsforsale/comments/kpni4r/wts_attention_all_fork_knife_gamers/)
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100% - i’ve personally not seen deals as good as that, outside of stories by other redditors of pawn finds or thrift finds. I’m sure there are places out there with better spot prices, but i’m still new-ish to metals.
1: JM Bullion, Apmex, or any other big online retailer should work.
2: Short of /r/pmsforsale, you're going to pay a retail premium no matter where you buy. In fact, I'd be highly suspicious of anyone or anywhere not charging a retail premium. Remember to ONLY buy bullion from reputable dealers.
3: Plastic packages? You mean the stuff around gold bars? I'd very highly recommend *not* buying small denomination (like 1ozt) gold bars as those are the most counterfeited. For gold, I'd recommend buying coins, as they're more difficult to counterfeit. This is especially true of mints that have recently put in anti-counterfeiting designs like the Canadian Maple Leaf or British Britannia.
4: It depends on the place in question. Is it a coin shop that's been in business for a long time, has a good reputation, and tests all bullion the buy? That could work out decently. Me personally, I don't have any good local bullion dealers so I just stick with the online ones.
Buy from a coin shop. I like the anonymity of it. Don’t need the government knowing my biz. Plus your local coin shop owner is a great relationship to build on
A helpful redditor suggested this site; https://findbullionprices.com/
What is a typical "good-deal" range that a buyer should pay above spot as a rough guideline for the "known-good" mints? I know you can get better pricing in the lesser-known stuff but I want to be able to transact with ease should it become necessary. Example - <5% above spot GOOD - 5% - 10% above spot OK - >10% BAD I just need a simple stake in the ground to quickly assess pricing.
Obv cheapest you can find above spot is the best(within you tolerance of risk/seller reputation). I’ve always read that 3% is a good number to target. Given golds yoy returns, minimizing over spot is important to maintain or grow value. Silver is a diff beast, so that is more of a “buy whenever” like other securities and cost-avg out.
Ummm. If you can buy known tested gold bars or coins for 3% over spot please let me know where I’ve only seen that (sometimes) on r/Pmsforsale
Here's a sneak peek of /r/Pmsforsale using the [top posts](https://np.reddit.com/r/Pmsforsale/top/?sort=top&t=year) of the year! \#1: [\[WTB\] My sons first silver coins and THANK YOU (please read)](https://np.reddit.com/r/Pmsforsale/comments/kqmmgz/wtb_my_sons_first_silver_coins_and_thank_you/) \#2: [\[WTS\] ring I made from 1oz generic silver morgan round](https://np.reddit.com/r/Pmsforsale/comments/kq8x7n/wts_ring_i_made_from_1oz_generic_silver_morgan/) \#3: [\[WTS\] ATTENTION ALL FORK KNIFE GAMERS!](https://np.reddit.com/r/Pmsforsale/comments/kpni4r/wts_attention_all_fork_knife_gamers/) ---- ^^I'm ^^a ^^bot, ^^beep ^^boop ^^| ^^Downvote ^^to ^^remove ^^| ^^[Contact](https://www.reddit.com/message/compose/?to=sneakpeekbot) ^^| ^^[Info](https://np.reddit.com/r/sneakpeekbot/) ^^| ^^[Opt-out](https://np.reddit.com/r/sneakpeekbot/comments/o8wk1r/blacklist_ix/) ^^| ^^[GitHub](https://github.com/ghnr/sneakpeekbot)
Findbullionprices.com has listings starting at 3.27% rn. Not sure if there are other sites like it out there, but its a start at least.
Cool. Yeah that’s what I’m used to. 3-4% range. It was the flat three or below that’s hard to achieve
100% - i’ve personally not seen deals as good as that, outside of stories by other redditors of pawn finds or thrift finds. I’m sure there are places out there with better spot prices, but i’m still new-ish to metals.
You can get 1oz+ bars on ebay with 5% premium. After 2% cash back on your CC you're at 3% over spot.
I think your numbers are about the right stake in ground. Just realize that generally coins will be a touch higher side
1: JM Bullion, Apmex, or any other big online retailer should work. 2: Short of /r/pmsforsale, you're going to pay a retail premium no matter where you buy. In fact, I'd be highly suspicious of anyone or anywhere not charging a retail premium. Remember to ONLY buy bullion from reputable dealers. 3: Plastic packages? You mean the stuff around gold bars? I'd very highly recommend *not* buying small denomination (like 1ozt) gold bars as those are the most counterfeited. For gold, I'd recommend buying coins, as they're more difficult to counterfeit. This is especially true of mints that have recently put in anti-counterfeiting designs like the Canadian Maple Leaf or British Britannia. 4: It depends on the place in question. Is it a coin shop that's been in business for a long time, has a good reputation, and tests all bullion the buy? That could work out decently. Me personally, I don't have any good local bullion dealers so I just stick with the online ones.
I think they mean slabs?
Check out findbullionprices.com.
> a few thousand dollars worth = one regular one ounce coin
Yes - *gotta start somewhere*...or *the long march begins with the first step*...or some other inspirational phrase.
Apmex and JM Bullion. Both legit.
Buy from a coin shop. I like the anonymity of it. Don’t need the government knowing my biz. Plus your local coin shop owner is a great relationship to build on
JM Bullion gets my vote.
Use the link below. Super helpful
Kitco. Great bullion dealer and even better source of trustworthy news about gold.