How is it some silver is more valuable than other silver?
Question by Mr Cooper: How is it some silver is more valuable than other silver?
I am getting into investing into silver bullion/rounds. Today silver closed at $ 18.01. I saw today APMEX.com was selling 1oz silver rounds for $ 18.66. A mere $ .65 cents over SPOT. While browsing products I noticed that they were also selling silver coins for: $ 15.17 per 1oz.. because there were "Off Quality, Cull, Damaged, Cleaned, Polished, etc!". Regardless of this, they're sill 1oz of pure silver. How is it they sell these for $ 2.84 cents cheaper than the price of silver?? no matter what the quality, isn't it sill silver?? I don't understand this. If anyone chould shed some light, I'd be more than thrilled to know why.
** If they were to take said damaged silver and melt it down into a bar.. By doing so wouldn't it separate the silver from any impurities and make it just worth its ounce weight again?
Best answer:
Answer by tony n
What you're saying is like asking why some diamonds are sold for less even though they weigh the same. The QUALITY of the precious metals/gems are what determines the price. If the silver is purer with less flaws then it would of course be priced more. Same with gems. If the silver was of a lower price, it means that silver piece is of a lesser quality. Quality of any item determines the price and not just the weight/mass of the item. Just look at how meats are priced: Same thing.
Add your own answer in the comments!
No experience selling silver bullion, I want to sell but how much to ask?
Question by Mr Cooper: No experience selling silver bullion, I want to sell but how much to ask?
I've run into some money problems and I've collected Silver Bullion for times like these. I've decided to sell 60 silver rounds and I want to sell them to someone local (a dealer maybe), I called one dealer and he asked me "how much do you want to sell them for?" I told him I'd like Spot (market) price. He said he'd buy them for market price. I was wondering if anyone with more experience selling silver bullion knows if I made a mistake saying market price? should I have said a premium say of a dollar over market price? I have no experience selling silver.
Best answer:
Answer by Ω≤≥∆
you sell for spot and he resells at a premium because of the designs on the things or he buys at spot, holds it, and then resells at spot.
Give your answer to this question below!
How to create a custom minted piece from an original idea to a finished medallion. This video shows how we created a custom piece for the Facebook group Silverbugs. You can check out the Silverbugs group and even become a member here www.facebook.com The Facebook group "SILVERBUGS" has created a custom silver round. Silverbugs was created to provide a place where people could join to discuss silver, gold, economy, bullion deals, and much much more. It has quickly become a very popular group with hundreds of members worldwide. People gather to share the latest news and information on the market with their fellow Silverbugs. This .999 fine silver round was designed by Silverbug members, and is available to all who wish to purchase it. All you silver bugs out there, whether you are members of the Silverbugs group or not, can fill you silver urge by obtaining these rounds. You are welcome to take a look at the Silverbugs Facebook group page HERE. Everyone is invited! This round is .999 fine silver and weighs one troy ounce. It can be purchased individually or in bulk. They will be shipped in plastic tubes of 20, if 20 or more rounds are purchased at a time.
Most popular Silver Round Bullion auctions
on eBay:
TWO - 1 GRAM .999 FINE SILVER - WALKING LIBERTY ROUND- BULLION | US $9.99 (0 Bid) End Date: Wednesday Feb-22-2012 12:09:31 PST Bid now | Add to watch list |
1 Gram .999 Silver Buffalo Round + 5 Piece Gold Bundle for Coin & Bullion Lovers
 | US $10.89 (0 Bid) End Date: Wednesday Feb-22-2012 12:14:39 PST Bid now | Add to watch list |
1 oz Scottsdale Silver OMNIA Silver Round - One Troy oz .999 Bullion
 | US $38.97 (23 Bids) End Date: Wednesday Feb-22-2012 12:15:03 PST Bid now | Add to watch list |
eBay Ending Soon:
10 Ounce Engelhard "OLD LOAF" Style Pure Silver Bar
$379.01
1h 56m
★ ENGELHARD ★ 1 oz 999 RARE SILVER ART BAR MINT SEALED WITH RED SER 913
$67.75
28d 23h 31m
Engelhard 10 Troy Ounce Bar .999 Silver 10 OZ Ser# C769487
$400.00
2h 32m
