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Bimetallic

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    http://www.joseduarte.com

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    Male
  • Location:
    USA
  • Stacker/Collector:
    Stacker

What I am collecting / Investing in.

  • What I am collecting / Investing in.
    Silver

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  1. Good catch. I didn't notice the shipping charge.
  2. Hi all -- If you're in North America you might want to check out the Property Room police auction site. I just noticed that they have a coin section, with some Morgan Silver Dollars at just over spot. Is it normal to get MSDs just over spot? I've never purchased any.
  3. I strongly recommend that you don't use dipping solutions on bullion. Use the aluminum foil and baking soda method. It cleans tarnish quite well and is much gentler than dips.
  4. Yo, there are somewhat better resources for US coins – the Red Book and Blue Book of US Coins. They come out every year. Example: https://www.amazon.com/dp/0794845673/
  5. Where are you? In the US, RioGrande.com is one place.
  6. Do you really mean rounds, or are you talking about coins? Rounds are not coins – they're privately minted coin-shaped bullion. They have no face value since they're not coins. They just have the mint/refinery name, purity, weight, etc. Pandas aren't rounds. Examples of rounds: https://sdbullion.com/silver/silver-rounds/1-oz-silver-rounds
  7. I've never seen a slabbed coin tarnish. Milk spots are a different story, but tarnish shouldn't be happening in airtight containers.
  8. The RCM may or may not have been most prone to milk spots in the past, but as of last year they're the only mint that claims to prevent milk spots. They developed a new technology called Mint Shield aimed at preventing them: https://www.coinworld.com/news/precious-metals/2018/02/royal-canadian-mint-develops-milk-spot-fix.all.html
  9. Looks like it could be standard silver tarnish, the cleaning of which is well understood. For the record, silver tarnish is extremely common on pure silver (999 or 9999). You're getting bad advice so far. Never use dips or silver cleaning products on bullion. Try soap and water first. If it's still there it's probably tarnish. Then use the aluminum foil and baking soda method: Boil some water. Line a plastic or glass bowl with aluminum foil, or use a disposable aluminum foil pan (pie tart pans and single-serving meatloaf pans are ideal) Toss in a tablespoon of baking soda, and a teaspoon of salt (preferably pure salt if you have it – this would be canning and pickling salt). Then pour in the water. Place one coin in, let it rest on the aluminum foil at bottom. Flip it after about 20 seconds, wait another 20, then remove. Your tarnish will be gone. Rinse with water, towel dry, let them air out for a bit before putting them in capsules or Ziploc snack bags (smaller than sandwich bags – ideal).
  10. What?? I've never heard of this.
  11. America is quite a bit better for stacking precious metals. We don't have the VAT or the import restrictions/tariffs. I'm amazed that anyone stacks silver in Britain, but I learned a lot on this forum as to how you do it.
  12. Yes, 9999 is the common standard for gold bullion, except where Crown Gold is used for durability, as in the American Eagle, South African Krugerrand, and British Sovereigns. All small gold bars are 9999. (The big LBMA Good Delivery bars – approx. 400 oz – are only required to be 995, but are usually at least 999. Since they cost half a million dollars, I assume they're out of the picture for you.) Occasionally the Royal Canadian Mint has produced limited edition 99999 pure gold coins, but those are more numismatic and will have higher premiums. Dealers generally don't melt bullion. By closer to spot, I take it you mean the highest price, since in this scenario you're selling to a dealer and expecting to get below spot? In America, American Gold Eagles carry the highest premiums of any gold bullion coin even though they're not 24k – you could get spot for them, or a bit more, when selling to a dealer. Can someone comment on whether this is true in Britain? I don't think melting or remelting costs are any different based on 24k bullion vs. 22k/Crown Gold, in the extreme case where a dealer wanted to melt bullion. 22k is much more useful in any melting scenario since the only thing that carries higher premiums than bullion is jewelry, and 24k is too soft for jewelry whereas 22k is primo. You might as well make your whole stack liquid. I'd definitely avoid the 5 kg bars, and a bit contrary to what others have said, I'd avoid the kilo bars as well. They're a bit less liquid than 10 oz bars, which in my opinion are the ideal size (one kg is about three times this size at 32.15 troy ounces). I learned this when I researched my price comparison article, and saw that many dealers didn't even have kilo bars in stock (this compared all major North American online dealers). Spotting is a bit of a scientific mystery and doesn't correlate with standards of quality or purity. Maples before 2018 were supposed to be vulnerable to spotting and they were among the purest silver bullion coins at 9999. The Royal Canadian Mint recently announced that they've figured out spotting to some extent and have a new technology in their process that prevents or reduces future spotting, starting with the 2018 Maples: https://mint.ca/store/campaign/Mintshield-7700022?lang=en_CA/ I don't think there's any known variance in quality between the major national mints – someone correct me if I'm wrong. We'd probably need to know what you mean by quality. The Britannia, American Silver Eagle, and Maple Leaf are all magnificent pieces in my view. There's also no variance in "content" – a troy ounce is a troy ounce, and the only variance is in purity. Newer Maples and Kangaroos are 9999, while Eagles and Britannias are 999. All mints slightly pad the weight of their products so that they're always slightly heavier than one troy ounce, so the difference in purity shouldn't matter for 1 oz pieces. (It might matter a little bit for kilo or 100 oz bars.)
  13. Yeah I guess I can see that. Maybe I was too gullible reading it the first time.
  14. As far as coin capsules are concerned, they're sure to be cheaper on Amazon than from APMEX. APMEX prices aren't competitive for anything, so I recommend avoiding them in favor of dealers like SD Bullion, Silver.com, and BOLD Precious Metals (see my article comparing North American dealer prices for different bullion order scenarios). Air-tites.com also has lower nominal prices for capsules, typically 55 cents for small orders, 50 cents each for 100 capsules, and 36 cents each for 250. However, they overcharge for shipping, so I'm not clear how their true prices compare to Amazon. You'll have to do the math for your specific volume. The applicable links are: Small orders: https://www.air-tites.com/Air-Tite_Direct_Fit_Coin_Holders.htm "Wholesale" orders (100, 250, etc.): https://www.air-tites.com/Wholesale_Direct_Fit_Air-Tite_Coin_Holders.htm Their shipping charges are alarming, especially this message near the top of their site: "$9.95 Promo Shipping on orders $50 and over!" Ouch! That's pretty much the opposite of a shipping promo, and it makes me wonder what they charge for orders under $50.00. In any case, they're overcharging because it doesn't cost anywhere near that much to ship what they're shipping, especially if they use USPS First Class Package Service. Again, you'll have to do the math for your scenario and compare their total price (in their checkout screen probably) with what you find on Amazon.
  15. A lot of it is still in the reserve accounts of the banks.