Buying and selling silver coins

[ilcarletto]

i am not really an expert on the subject and I need to ask a question to more experienced silver coins investors.

In 2014 I bought a few silver 1 ounce coins with my PayPal balance.
These, together with bullions, is considered to be a good investment. Now I have a question, in my naive world I always thought that bringing those coin to a honest coin dealer would have give me back at least 95% of the money i spent considering the increase of silver value and the fact that coins are now at higher price on most platforms...

None of the above, coin dealer gives me back a little bit more than silver price wich is way below the money I spent and the actual value.
I really do not want to put them on eBay.
Is there something I am missing?
How are these silver coins buillons considered a "good investment" if I am losing quite a lot of money?

[chababa]

Silver prices have been mostly sideways for many years. It's nearly impossible to make a profit buying/selling them unless you are a master at picking certain rare coins or if you can time your sell with huge market up moves like 2011. It's not so much a traditional investment as an inflation hedge or SHTF insurance. And fortunately (and unfortunately) all the inflation seems to be going straight into the stock market... but you haven't lost any money until you sell. Wait a couple years and id wager you could turn a profit on them...

[Play]

The value of Silver is a tad sporadic. Over the last few years its actually lost value. If you purchased it via eBay/PayPal, then the seller has most probably included the costs of fees into the overall price. Taking all of that into account, it makes sense that its worth a lot less now. To see a return at this point, you need to wait for the value of Silver to spike one day.

I agree with chababa when they say these are ideal for "SHTF insurance"... when there is a catastrophe of the financial system, precious metals are where people start putting their money.

Out of all precious metals, I would recommend Gold be the place to put your money as compared to the others, it seems a lot more stable in terms of value.

Bottom line, buying gold bars etc from eBay/Paypal isn't worth it, unless you plan on holding on to it for a while. Also its a good idea to get them checked as there are a lot of replica being sold.

[oompaloompa]

Agree that gold is the 'gold standard'.

Dealers will often give scrap value, unless something is of great rarity/historical interest.

Also scrap is based on purity, and coins are mixed metal, so bars or ingots may be more worth buying (at least in the past).

Prices for siver and gold, did go up, but have since gone down again (for now)

Keep your silver, and your gold, for when it all goes @its up.....

[ilcarletto]

Thank You guys (and gals).

The problem for me is, when value increases for silver or gold whatrever, where to sell.

I would really avoid places like eBay or other platforms and I wold like to understand how difficuld it would be to get a reasonable ammount of money back.

[Play]

The problem for me is, when value increases for silver or gold whatrever, where to sell.

Find a Bullion dealer, usually they buy and sell precious metals.

If they are reputable, but not local to you, some offer for you to post it to them which is handy. You get to "lock in the rates" the day you send it to them, so if value drops whilst in transit, your unaffected.

But like I said, only post if their really reputable, and delivery with tracking etc. goes without saying.

Let me know how things pan out for you..

[VishalM]

Silver price should reach $$40/ounce, when I do not know.