Buying gold and silver bars/coins.

Discussion in 'After Hours Lounge (Off Topic)' started by Travis Hedger, Mar 9, 2005.

  1. Travis Hedger

    Travis Hedger Supporting Actor

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    Hi all.

    This is not about investments, but more about who has purchased gold/silver bars/boullion and how did you do it?

    I have for years wanted to have a few gold and silver coins and the small 1 ounce bars setup in a display case or some other such thing in my collection of stuff.

    I have found quite a few online sites, some look good, others are horrid.

    Today in another forum someone posted a website of a company that happens to be based here in Oklahoma City so I can go in an personally buy or sell back stuff if I decide to do so later.

    But do any of you have any preferred sites or methods of purchasing small amounts of precious metals?
     
  2. ChristopherDAC

    ChristopherDAC Producer

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    Don't buy metals over the Internet. There is no area so impoverished that it does not have at least one legitimate rare coins & precious metals dealer; here in the city of Fort Worth alone, we have at least three which I have visited, plus more in the adjacent cities. You can go in and pay fair market price for any of a variety of forms of collectible coins, bullion coins, and bars, from a reputable individual who is a member of the Chamber of Commerce, the Better Business Bureau, and typically numerous professional and numismatic organisations. Typically you can find them in the Yellow Pages, or in specialised directories; your local coin club can point you in the correct direction. Here in Texas at least, if you buy more than $1000 worth of precious metal at a time there is no tax on the transaction.

    I am speaking in my area of expertise here, as a member of the Board of Governors of Numismatics International, a worldwide organisation of coin collectors having its headquarters in Dallas. If you would like me to put you into communication with one of our members in your area, I may be able to oblige you; send me a PM in that case.
     
  3. Mort Corey

    Mort Corey Supporting Actor

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    These people have been around quite a while.
    http://www.dillongage.com/

    That said, I agree with making a purchase in person, in cash, with someone local and reputable.....so long as there is not a significant premium attached.

    Mort
     
  4. Mark Romero

    Mark Romero Second Unit

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    I purchase the American Eagle gold coin sets from the US Mint.
    US Mint
     
  5. Kirk Gunn

    Kirk Gunn Screenwriter

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    720.00 an ounce at the Mint ???? Hopefully the collector's value holds up for ya.
     
  6. Jay Taylor

    Jay Taylor Supporting Actor

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    Ouch! A gold Krugerrand, which is one ounce of pure gold and some copper added to reduce wear, in Brilliant Uncirculated condition costs only $485.00:

    Krugerrand
     

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