Silver Buying Basics 2024/Updated & Local Coin Shop Secrets From a Real Coin Dealer
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- Опубликовано: 4 ноя 2023
- commercialrarecoins.com
Silver Buying Basics 2024/Update
Local Coin Shop Secrets From a Real Coin Dealer
#silver #silverpricetoday #lauderdalebythesea #fortlauderdale #silverprice
#lcs #localcoinshop
Commercial Rare Coins
Local Coin Shop located in Lauderdale By The Sea, FL
commercialrarecoins.com
954-776-COIN
Bullion Concierge
For special orders of gold and/or silver.
Please feel free to contact us with any questions on how to get started.
www.conciergebullion.com/
(954) 302-2046
Antiques & Jewelry By The Sea
Antique Shop located in Lauderdale By The Sea
www.antiquesandjewelrybythese...
(954) 835-5015
Commercial Rare Coins & Precious Metals
In the business since 1977 and at the same location since 1995!
2nd Generation coin dealer with great reputation & trust throughout the metals community.
Commercial Rare Coins
219 Commercial Blvd,
Lauderdale By The Sea, FL 33308
954-776-COIN
We are open 10am-4pm Mon-Fri.
Stop by and visit us at the store!
All About Commercial Rare Coins & Precious Metals Coin Shop...
We’ve been buying, selling and appraising gold, silver, rare coins, currency, and Antiques for over thirty years. We carry an extensive inventory of gold, silver, and platinum coins/ bars/ rounds. We also carry flatware, hollowware, jewelry, and many types of collectibles. We have served South Florida since 1977, let our 30 years of experience help you get the most for your items.
This guy has the perfect voice for narration. If he doesn’t work in broadcasting he could.
What I really like are those 5 ounce ATBs. Some of the earlier ones I bought for $115 dollars a piece. Keep me in your prayers because I haven't been doing well. I just got out of the hospital last Tuesday. Thanks for the video and keep the faith
Be well Sir.
Wishing you the best of health in your future silverliner
That's lucky bro because an atb is like 150 to 200 on eBay rn. 25 dollars an ounce is spot price at the moment
God Bless You
@hellfireredemption777 thank you
Super informative! A historical time-line of events about silver. 👍
Got great memories of 1986 silver Eagle. Was working in a bank at not even 21. Getting a roll here and there by the bank manager when they came in from customers. They were like new and got me into silver.
YES big on saying and ounce of silver is an ounce of silver!! Buy the most you can.
😍 wow look at that bar!! Once I visit my buddy in Florida I feel like I got a list of stores to visit !
Pure silver closest to spot is what I always have done and always say. Spot on! Love the experienced view point and advice. Couldn't be a better video for anyone stacking silver.
I totally agree. Well said.
.99999 Fine Content. Liked and Subscribed....Thanks Sir..!!!
Those formulas are used for buying and selling based on spot price, which is normal. But for a barter situation with someone who may not be familiar with this method there's an easier way. $1.40 in constitutional silver equals 1 oz. silver, which most people will understand, and the spot price of silver is readily available to pretty much anyone. 😉
Fantastic article, I learned quite a bit about silver and how the system works.
Thank you so very much for taking the time to explain so much in such an easy to understand manner. Nice silver. 😊
I appreciate your being in the customers best interest. Honest information. You confirmed some information l new . Thank you.
WOW . A NEW perspective....I LOVE IT.Thanks for the UPDATES.
Definitely liking the change-up with live video. If possible do that more! Great video Brian.
Kilos best value and coolest size
Thanks for your time Great info
Another excellent presentation.
Great video as a dealer I use your videos as a barometer for the market
Keep up the good work
Thank you 👍
Excellent format. Excellent broadcast.
Great pricing
😊Thanks for sharing
KILLER KILLER ❤ PRESENTATION 👍👍👍you hit it 🎗 BIG TIME !
Good vid Brian
thank you! I really appreciate the kind words.
Thanks, Brian. Would love to see you do this for gold. Show me the money!
Valuable info here, thanks. Especially the part about expectations in a bubble. Makes perfect sense, but hadn’t really thought of it before.
This was a great video alot of good information you are a the real deal 👍 you should hire a full-time employee just to do online sales
To say that I enjoyed and learned a lot from this video would be a great UNDERSTATEMENT!!!! thank you. Plus I do like long videos while I coin roll hunt...
lol. omg. I have 12 of those YETI 14oz mugs. Dont have that neon Green one though.
I agree but ASE premiums are just so high these ddays sheez
The Englehard Prospector rounds (1982-1987) are the Best.
Hope all is well haven't seen you much lately
Great stuff Brian.👍 🤜💥🤛
That’s a lot of information to digest for beginners. However, I’ll make time to get a better understanding everything you’ve shared. I’ll definitely save this for reference.
Best wishes sir.
im coming down to florida to visit my college roomate in feb to get away from minnesota cold, i hope to visit your shop, love your youtube content!
Thanks great as always!
Another great video -- I always learn something from listening to you. If I have a chance to travel to Florida again, I would definitely stop in to your shop (I'm the guy from the Northeast who called you about a month ago). Keep up the great work.
Great video! I recently started buying Philharmonics as and American and I love em! No milk spots or nothing. I do try to wear gloves when handling them though.
💯 Great 411#
It was a vast wide variety of coverage on silver .
I'm new to the silver game and thankful that I had crossed your channel and seen this viedo for newbies to the game.
Cause there were a few moments when purchasing silver coin or round I felt kinda of taken advantage of do to premiums and they can change as well if your not up to game.
Of the premiums.
But it has definitely been a learning experience for myself and just like anything else in the learning of life it will cost you a little to learn .
💯 appreciate you for the lesson here today.
Thanks for your opinion
I’m happy seeing lower premiums for now
Thanks for this video. My grandfather died 2 years ago he was 72 and he has been collecting coins for over 50 years. We do not know where to started at Trying to figure out the value of these coins.
I hope to learn something from your channel😊😊😊
Awesome video thanks
Isnt there some states the take silver/gold as currency?
Great video thanks Brian. Will have to drop by your shop. If you have info any chance of a video for storage pricing and options. Not a lot of info on this option. Thanks. 🦍❤️🥈
Cool video, Sub
Great info!
Right at the beginning when you explain the way to know what the premium is over spot on a dollar face makes two equations necessary but if you instead use $1.40 face=1 ounce then once you know the spot price it is simple Simon to know what the premiums are.
I think your entire point is to make the information more simple so it is easier to figure with 90% constitutional silver coins.
New fan/sub here
Im hoping to get at least a tube each month moving forward for the next 5 years so i get way more excited when the prices are lower. I lost focus and got some pretty high premium collectables but im getting back to focusing towards making Eagles and ten oz bars a serious part of my stack. Just for use case and liquidity, along with the tax freedoms that come with the eagles.
Dang, I would work for you and just want to be paid in silver
I dug it
Very interesting overview. The more I get into stacking, the more I am confronted with this question (and I have 10 ounce silver bars): shouldn't one be buying gold instead of silver at or above 10 ounces of silver? I'm beginning to think that I should stack Liberty dollars and fractional Liberty gold coins and, ultimately, gold Buffaloes.
I have been tracking the best price for 21 oz of silver bullion verse spot from 15 online dealers for the last month. I was surprised that the lowest prices don't necessarily track with spot.
I could care less about bars vs rounds. But 1 oz rounds normally have a lower premium than 1 oz bars. So, I buy rounds over bars. In fact, I've often been able to find better dealsbper ounce on 1 oz rounds vs 10 oz bars.
Hello just subbed
I heard at 24:59 "This is penis !" Hahaha.
Decaf, my dude. Decaf.
Got a local coin shop that charges more for the half dollar 90% silver than the quarters and dimes. And whithin the halves he charges more for the walkers, then less for the franklins and then less for the Kennedys. And then if he had barber halves im sure those would cost even more than all of them and so on. 😅
Other than novelty items , I refuse to pay over 3$ over spot for silver. I’ve bought silver leafs for 2.99 , and generics for less
Bee 🐝 well all
You have ABRACADABRA magician hand movements....
As far as Sunshine bars go, they also make the 1 oz silver eagles so I would not call them generic. You totally missed out on libertads (a very desirable coin in the US). Stacking 5 oz bars is a good way to go also. I liked your video. I think it was educational.
I thought Sunshine Minting supplied the planchets, or "blanks" to the U.S. Mint, and the MINT made the Eagles. I could be wrong.
@@showpro1178 You are right Sunshine Mint just makes the planchets. If it's good enough for the mint, I don't know why the silver would be considered generic. After all, they have a security device on their bars and rounds which, in my view, makes them exceptional.
Got some libertads in silver and a quarter ounce gold proof libertad, just got my first gold ounce libertad and they are my favorite plus limited strike makes the premium worth it but you have to buy new. I got my 1/4 proof for 560 which was a steal to me.
I feared you would wack your hand on that knife, Im still watching so I guess you still could.
Just finished and you didn't cut your hand.
Menos plata y más oro, mejor inversión.
Great points. Here’s my New Year’s dilemma, this week there’s an online dealer sale going on for random quarter ounce gold coins for $540, I was debating on buying now or waiting until the first quarter to see If prices may be lower when Fed doesn’t raise interest rates and buying then. I know the price fluctuates when they increase the interest rate or decrease it, but what happens to Precious Metals prices if they don’t move the interest rate,how does that (non move) effect the price of pm’s?
What is a milky coin? Or milk spots? Also, Should you wear cotton gloves while handling silver? Some say yes and some say no. I'm thinking if you touch a proof you should while constitutional isn't required. What do you say?
Can understand why Republic Metals isn’t a favorite lol. I’m just getting back into metals recently after a break. The only reason I’ve heard of Republic Metals isn’t for anything good :-/
So why buy 90% silver when you can buy 100% silver for a few cents give or take? Are constitutional coins mostly bought for collectors looking to fill in their coin books? I'm new to this stacking thing. It seems like I'm a silver junkie and want to buy, buy, buy. But can only do it once a month and what I can afford to buy. I'm just looking to collect as much as I can get before, I croak for the family. And why is the premium so much of a difference between each type of coin and or bars or rounds?
It’s fractional
👍
Who's Magic Assistant hands were those? Your Videographer?
Isn't it easier to use for every $1.40 face equals one ounce?
That's the easy way to do it.
What do you think about 5 once bars
Brian : What is your definition of "generic" ? I've often thought that it meant "any precious metal piece OTHER THAN coins or other examples of currency produced by a SOVEREIGN MINT" . Your thoughts? Thanks
Brian ! If I was selling eagles to my LCS what dollar amount should I ask above spot ?
what company produces the Buffalo 1oz. rounds ??
Might use Venezuela or Argentina as an example. How does one live/exist is a hyper inflationary economy? I heard from one Venezuelan who managed to move up here that those with jewelry and metals “managed”. I presumed that managed meant exchanging through dealers for fiat to then buy necessities, but it seems a bit much to think that you would exchange it for fiat that would require a wheelbarrow to buy mere groceries. It’s not efficient.
I thought they did $1.40 of junk silver...
Predicting market movements is extremely difficult in reality. It requires the investor to be right twice: Essentially why individuals engage service of experts who provide proper strategies to navigate the markets
Agreed, which is exactly the reason I stopped taking advise from RUclipsrs; in the long run, I only end up with a jumbled collection of stocks and bonds. Whereas all I needed to earn over $350k in less than three years was guidance from a true market strategist.
in my case Fergus Waylen has assisted me in doing that effectively, I'm not an expert so I lack experience in investment strategies, I work and my consultant handles the rest....
Fergus waylen has to be the best mentor I've met. He's copy-trading has been the best because I hop on it with $3k and I'm up with $35k in profit. He's insights, information and versatility in the market is superb
I am surprised that this name is being mentioned here, I stumbled upon some of his clients testimonies on CNBC news last week..
Amazing to see others trading with Fergus Waylen, I am currently on my 5th trade with him and my portfolio has grown tremendously.
could you answer my question sir if someone wrote a comment that you really liked and promised to send them something as a thank you would you honour your promise ive been let down big time by a RUclips stacker
I like 10 Oz 5oz rounds and Junk silver
Silver buying basics BUY GOLD 😂
☕️
Come on man, you are po
I only buy dips not much of a dollar cost averaging guy
Constitutional Math. I find it easier to start with the approximation (allowing for wear) that $1.40 of constitutional equals 1 troy ounce of silver. If the LCS quote is 19x face then do 1.40 x $19; Take 10% and double twice ((2)(2)(10%) = .40) gives $1.90 --> $3.80 --> $7.60 add to the 1.00 x $19 = $19.00 + $7.60 = $26.60. So if spot is $23.30 your premium is $26.60 - $23.30 or $2.30.
Are you capable of buying 1000 kilos of gold?
No fish. you're fired. just get out.
LOL! Thank you for watching!
He traded it for a view of his hands
For the love of god, take that plastic off those 10oz bars!! That plastic is going to leave an ugly rusty look around the edges if you leave it in the plastic... put them im air tight cases... please and thank you. Yall want to charge crazy premiums but cant seem to take proper care of them for the next owner...
It doesn't matter to most people, especially dealers, as it's bullion, not a collectible.
JMHO
Hello, I collect silver as granules. I have 5 kilos of silver. Do you think it makes sense to collect it like this?
What’s granules
You're saying peanuts but it sounds like something else...🍆
I would never recommend bars or rounds as an investment vehicle. When silver goes up the demand is for silver eagles increases because they are real money and have name recognition. Bars and rounds need verification from a buying dealer. Granted silver eagles are faked but contrary to your opinion there I get more money for eagles and maples when I sell them to dealers and coin shops. Fact are in evidence to that.
Nice format for a change !
So you are saying that high to low or low to high premiums mean, you are drug around by the nose? Hmmmmm? Now tell us all how you predict there will be no confiscation of gold or silver on the horizon…….. Waiting.
What are you talking about?
Have one less beer. lol
Dude! You ramble. Just give us the facts we need. Try to cut down on the glare from your lighting. We cant even see the coins!
Dude, make your own videos; if they are better, I'll watch them. Meanwhile, you have added nothing to learning anything..
SilverTowne Pony Express