Quote:
Originally Posted by currybai
Okay I am new to the whole precious metal thing, and I am also very young. I want to buy 10k worth of preferably silver coins/bars. I went to Apmex.com and saw that they have silver american eagle n silver canadian coins that has 1oz of pure silver in them and selling them for like $30 dollars, and the current price is around 12. So why is there a $20 premium?
|
you are buying from the wrong place. the eagles have been selling for a small premium above spot so if you can't find them for $15 don't buy them. i reccommend pre 1964 dimes, quarters, halves and dollars. a dollars worth of coins has about 3/4 ounce of silver +-. since there are no counterfeits in these coins, they are relatively safe from fakes plus they are valid us currency and will not be confiscated.
Namaste'