Best place to buy silver coins?

PPLdude

Expert Member
Joined
Oct 3, 2011
Messages
1,618
Yo,

As title asks, where is the best place to buy silver coins?

I see there is this site:


25x one ounce for R9255

Which means, per ounce, it's R370


Looking at the silver price: https://www.jmbullion.com/charts/silver-prices/
$17.83 per ounce = R265.87

They're basically adding R100 per ounce, meaning I will only equalize once silver gains +- $7 ?

Am I being a brainlet right now?
 

Park@82

Honorary Master
Joined
Jun 6, 2008
Messages
13,404
Bump.

Yeah why is there such a big difference between the spot price for silver and the coins that are advertised online?

Gold seems to be much closer...

BTW is African bullion legit?
 

Crossing_Swords

Senior Member
Joined
Jan 7, 2012
Messages
557
I use silver-sphere.co.za. very helpful and friendly, haven't had problems so far. Prices are also decent.

The difference in price is because the spot price is unrefined. The extra cost is for minting the coin etc., As far as I understand. Bars are more difficult to sell later on so the best buy is the American silver eagle. Or, so I've heard and read.
Hope this helps.
 
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