Hey guys!
I'm currently on the hunt for cheap non-premium slabbed silver and silver fractional bullion that's hovering close to its melt value. I'm really interested in expanding my collection without breaking the bank, so I'm focusing on finding deals where the premium over spot price is minimal.
What I'm Looking For
When it comes to cheap silver, I'm not too picky about the specific type, but here’s a breakdown of what catches my eye:
- Slabbed Silver: I’m interested in slabbed silver coins or rounds that are graded by reputable companies like PCGS or NGC. The specific grade isn’t a huge deal, as I’m more concerned with the silver content and overall price. If you have any slabbed silver that you're looking to move at a price close to melt, let me know!
- Fractional Silver Bullion: This includes smaller denominations of silver, such as 1/2 oz, 1/4 oz, or even 1/10 oz rounds or coins. Fractional silver is a great way to accumulate silver in smaller, more manageable increments, especially when the price is right. I’m open to various designs and mints, as long as the silver is genuine and the price is competitive.
Why "Close to Melt" Matters
The term "close to melt" is super important to me because I'm aiming to maximize the amount of actual silver I can get for my money. The melt value refers to the intrinsic value of the silver itself, calculated based on the current spot price of silver. When you buy silver bullion, you typically pay a premium over the spot price, which covers the costs of manufacturing, distribution, and the dealer's profit. However, I'm trying to minimize that premium as much as possible by finding deals where the price is very close to the melt value.
Buying close to melt is beneficial for a few reasons. First, it allows me to acquire more silver for the same amount of capital. Second, it reduces my risk in case the silver market experiences a downturn. Since I'm paying a minimal premium, I'm less likely to lose money if I need to sell the silver quickly. Third, it provides a solid foundation for long-term growth, as the value of the silver is more closely tied to the underlying metal content rather than speculative factors.
What I Mean by "Non-Premium"
When I say "non-premium," I'm referring to silver products that aren't highly sought after by collectors or numismatists. These are typically bullion coins or rounds that are produced in large quantities and don't have any special rarity or historical significance. Premium silver, on the other hand, includes rare coins, limited edition releases, or items with unique designs that command a higher price due to their collectibility.
I'm specifically avoiding premium silver because I'm primarily interested in the silver content itself, rather than the numismatic value. While I appreciate the artistry and historical significance of rare coins, my main goal is to accumulate silver as a store of value and a hedge against inflation. Therefore, I'm focusing on finding the most cost-effective way to acquire silver, which means sticking to non-premium bullion products that are available at prices close to melt.
My Purchase Criteria
To make things smooth, here’s what I'm looking for in terms of purchase criteria:
- Reputable Sellers: I prefer dealing with reputable sellers who have a solid track record and positive feedback. This helps ensure a smooth transaction and reduces the risk of fraud or misrepresentation.
- Clear Communication: Clear and prompt communication is essential. I appreciate sellers who are responsive to my inquiries and provide detailed information about the products they're selling.
- Fair Pricing: While I'm looking for deals close to melt, I'm also realistic and understand that sellers need to make a profit. I'm willing to negotiate and find a price that works for both of us.
- Secure Shipping: Secure and discreet shipping is a must. I prefer sellers who use insured shipping methods with tracking to protect against loss or damage during transit.
Examples of What I'm Interested In
To give you a better idea, here are a few examples of the types of silver I'm interested in:
- Generic Silver Rounds: These are privately minted rounds that typically contain one troy ounce of .999 fine silver. They often feature simple designs and are widely available at prices close to melt.
- Silver Bars: Small silver bars, such as 1 oz or 5 oz bars, are another great option for accumulating silver at a low premium. Look for bars from reputable mints like Johnson Matthey or Engelhard.
- Junk Silver Coins: Although not technically bullion, pre-1965 US silver coins (dimes, quarters, and half dollars) contain 90% silver and can often be found at prices close to their melt value. These are a great way to add some historical charm to your silver stack.
- American Silver Eagles: While these are technically premium coins, they can sometimes be found at reasonable prices, especially if they're slightly worn or scratched. Keep an eye out for deals where the premium is minimal.
Why I'm Buying
I'm buying silver as a long-term investment and a hedge against economic uncertainty. Silver has historically been a store of value, and I believe it will continue to be a valuable asset in the future. By accumulating silver at prices close to melt, I'm maximizing my potential returns and minimizing my risk.
Long-Term Investment: Silver has a long history of maintaining its value over time, making it a reliable investment for the future. Unlike fiat currencies, which can be devalued by inflation, silver retains its intrinsic worth.
Hedge Against Inflation: Silver is often seen as a hedge against inflation, as its price tends to rise during periods of economic instability. By holding silver, I can protect my wealth from the eroding effects of inflation.
Diversification: Adding silver to my investment portfolio helps diversify my holdings and reduce my overall risk. Silver is not correlated with other asset classes, such as stocks and bonds, so it can provide a buffer during market downturns.
Let Me Know What You've Got!
If you have any cheap non-premium slabbed silver or silver fractional bullion that you're willing to sell close to melt, please don't hesitate to reach out! Send me a message with details about what you have available, including the type of silver, weight, condition, and your asking price. I'm looking forward to hearing from you and potentially making a deal. Thanks for your time and consideration!
