Online Precious Metal dealers

Discussion in 'The Club House' started by fa35jsf, Apr 2, 2013.

  1. fa35jsf

    fa35jsf New Member

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    Has anyone on here ever bought precious metals online before?

    I am looking at investing in some silver soon. Never done this before but I want to buy physical silver, not some bond or stocks or anything.

    The two companies that stick out to me are:
    APMEX because it is the biggest company and have a huge selection and
    Provident Metals because they have low over-spot prices and are from Texas.

    Has anyone had any experiences with these companies or have any other suggestions?
     
  2. partdeux

    partdeux Well-Known Member

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  3. fa35jsf

    fa35jsf New Member

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    Thanks! Very helpful. I guess I didn't do all of my homework. Read some really bad reviews, of course there was a bunch of good ones too.
     
  4. bluez

    bluez Well-Known Member

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    This forums sister site preparedsociety.com has a sponsor jmbullion.com from whom I have bought twice. Stuff was on time and as drescribed and price fair.
     
  5. c3shooter

    c3shooter Administrator Staff Member

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    Not what you asked, but a suggestion- check with local coins dealers for their "melt" or "junk" coins. These are 90% silver coins that are too badly worn to have a collector's value. With a cup of coffee and a box of doughnts, you can probably pick up for the spot melt price- especially if you have cash. Price of silver is down at bit as we speak.


    Check coinflation.com for melt values of US coins
     
  6. fa35jsf

    fa35jsf New Member

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    I found Texas Precious Metals on that website guide and it had a very high rating. Plus their prices were cheaper than anyone else.

    All the big companies say they have the lowest price because they can buy in bulk. It really seems that its just a marketing scheme.
     
  7. fa35jsf

    fa35jsf New Member

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    Yeah I know about 90% silver coins. I have a few. I plan on purchasing a few more also.

    I just saw something on the internet today, China has now begun ripping off our 90% silver coins and making fakes.
     
  8. PanBaccha

    PanBaccha New Member

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    I've been buying from APMEX as of late, and am quite impress with them.
     
  9. ScottA

    ScottA FAA licensed bugsmasher Lifetime Supporter

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    There's only a small handful of dealers who can buy directly from the US Mint. One you get past that level and the coins are out in the retail market, it's a real hodgepodge. Be careful of the shipping costs and restrictions. Those can eat up a lot of cash quickly.

    I would recommend you follow up on C3's advice at least once. It's good to know at least some of the coin dealers your area. You might not do a lot of business with them, but at least find out how they do business.

    You might find the following interesting.

    [ame]http://youtu.be/LNalQwCe1JY[/ame]