For the sake of this question, lets assume the following:
- I want to start accumulating silver and/or gold coins.
- I don’t need to buy them cheaper than the going rate, but I’d like to find them competitively priced.
- I’m not interested in ‘collectible’ value. I am strictly interested in the value of the silver or gold the coin is made of.
It appears to me that the current spot price on silver is something slightly less than $10 per troy ounce. (If I’m wrong, please correct and show where to find this.) So, I figure eBay is a competitive marketplace, right? Maybe I can find some $10/ounce silver coins there. Nope. Not even close. I understand some of the coins are collectable and therefore are selling for more than the silver itself it worth. However, aren’t there silver coins that aren’t so much collectible as just convenient means of storing and trading silver?
Where does one go to buy competitively priced silver coins? Where do you go to check the market to know what a good price is?
I know there are some experts here on the board that can enlighten me.