Saturday, February 23, 2013

Silver Collection - How to collect silver

As I'm considering expanding my silver collection, I thought I would provide a few quick tips:

1. Consider buying SMALLER denominations of silver.  10-100ounce bars may be big and shiny, but you can only sell them ONCE.

2.  Make sure that you're purchasing REAL silver.  Bring a jewelry scale with you to make sure an ounce is really an OUNCE!

3. Don't OVERSPEND!  I've gone to three different coin shops because they all sell certain coins at different prices.  Some stores will charge you $2-$3 dollars over spot price, don't get ripped off!  Keep in mind that these stores have to make a profit, but some will intentionally try to rip off new silver investors.

That's all for now!