Letter Re: How to Buy Silver?
Jim, Why [do you] recommend [serialized] 100 ounce silver bars when 90% silver coins are selling at spot and the bars are at spot plus $.30 (this is from www.cmi-gold-silver.com in Phoenix)? It seems like silver coins would be the better choice because they are cheaper and more versatile than 100 ounce bars. – Springmtnd JWR Replies: If you can buy circulated pre-1965 U.S. silver coinage at spot, that is fantastic. Even after the recent dip, most dealers currently charge around 7 times face value ($7,000 per $1,000 face value bag.) As a point of reference, a $1,000 bag with …