Silver Dealer WARNING: AVOID THIS Type of Silver!

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Empire Precious Metals

Empire Precious Metals

8 ай бұрын

Silver Dealer WARNING: AVOID THIS Type of Silver discusses stacking silver and which types of silver one should buy. There are some types of silver some people should stay away from for a variety of reasons, especially when it comes to stacking. In this video, Bullion dealers Andrew Henn and Stormy discuss the different types of silver and what you should buy right now!
Be sure to check out Andrew's business Bayshore Bullion Exchange and let him know Stormy sent you!
Andrew Henn
Bayshore Bullion Exchange
bayshorebullionexchange.com/
732-895-5200
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#silver #preciousmetals #gold

Пікірлер: 408
@joelebstein
@joelebstein 2 ай бұрын
I’ve been buying and selling generic silver for 15 years. Never once have I EVER had a hard time moving it.
@littleeagle7563
@littleeagle7563 8 ай бұрын
Silver is silver.
@richardlove4287
@richardlove4287 8 ай бұрын
When the shtf silver won’t care what it has stamped on it.
@eugene1059
@eugene1059 8 ай бұрын
That's right pretty won't matter purity will matter.
@D0TELL
@D0TELL 8 ай бұрын
Depends on what you consider shtf? Not being able to buy your brand name products. Or what it looks like in Ukraine right now.
@stephen8025
@stephen8025 8 ай бұрын
People won’t gaf about silver if shtf. Can’t eat silver.
@richardlove4287
@richardlove4287 8 ай бұрын
@@stephen8025 , only a fool would stack wealth if they didn’t already have all other bases covered. I only started to preserve my wealth in silver and gold when I had at least a years worth of preps done. Including large gardens. You can’t eat silver …but you can buy shit loads of physical assets on the other side of the reset, real wealth just doesn’t disappear, it always goes to the strong prepared hands.
@edallen4936
@edallen4936 8 ай бұрын
​@@stephen8025but it will pay for what you can eat.
@nateg4236
@nateg4236 8 ай бұрын
The pvc in most cheap plastic flips is what damages coins. Make sure to only use non pvc for all storage. 👍🏼
@armin10211978
@armin10211978 8 ай бұрын
I didn't know that, thanks.
@SpiKSpaN-ei6zq
@SpiKSpaN-ei6zq 8 ай бұрын
Thanks for the tip
@GoldKingsMan
@GoldKingsMan Ай бұрын
Ya I had pvc ones in past. I use plastic shell ones now.
@JohnD-JohnD
@JohnD-JohnD 8 ай бұрын
It's a shame that all that flatware is getting melted. Silver flatware is getting harder to find.
@BayshoreBullion
@BayshoreBullion 8 ай бұрын
So much of it gets melted down. Not easy to resell. Whole sets are thousands of dollars. I offer a lot of that stuff at $1 over melt and its still doesn't move.
@jsmythib
@jsmythib 8 ай бұрын
Made of the perfect material.
@Macky1101
@Macky1101 5 ай бұрын
@@BayshoreBullion I offer my sterling at $0.20 over scrap and still no one wants to buy them. Almost perfect condition as well. That's why I am reluctant to scrap them. But they're so pretty is such a same they get melted.
@BayshoreBullion
@BayshoreBullion 5 ай бұрын
@@Macky1101 it is a shame to melt down such nice stuff. But man I thought I was selling it cheap. You can’t give this stuff away lol.
@Macky1101
@Macky1101 5 ай бұрын
@@BayshoreBullion The refiners give me $0.80 Cdn per gram depending on spot price, and I am only asking $1.00/gram for pristine condition sterling for a fraction of what it actually cost to make that pieces of silverware, and no one wants to buy it. I am selling the silverware for less than it cost to be produced and there are no takers.
@lurereviews5164
@lurereviews5164 3 ай бұрын
If shtf stock pints of liquor for bartering
@x-prophetz-x9252
@x-prophetz-x9252 8 ай бұрын
Damn shame seeing all that vintage silverware and everyday items people used to use at the turn of the century going to the crucible :( 😢
@digginggopher
@digginggopher 7 ай бұрын
Yup, people find awesome silver at second hand stores andmelt it down, what even hit me harder is someone had a huge box full of 80% canadian junk silver and he said he melts it down to refine, I cried a bit I'm canadian and I stack canadian junk and I bet he didnt even look for errors and varieties
@joesmith-es1zy
@joesmith-es1zy 6 ай бұрын
Some pieces of sterling silver flatware are far more valuable than melt prices.
@Macky1101
@Macky1101 5 ай бұрын
@@joesmith-es1zy Only to a very few who want them. You can put them up for sale for tens of years and a buyer will never show up.
@sssm1051
@sssm1051 4 ай бұрын
Same with copper or steel flatware, they cost more than their "Melt" prices too.@@joesmith-es1zy
@cherokeecowboy7558
@cherokeecowboy7558 3 ай бұрын
I'm guilty of melting flatware, candle holders etc for jewelry making.
@loueckert4970
@loueckert4970 8 ай бұрын
Good insight behind the scenes...thanks for posting
@Teh-Jones
@Teh-Jones 8 ай бұрын
Love seeing the behind the scenes on this type of stuff... 👍🐸
@briankerr4512
@briankerr4512 8 ай бұрын
Ill buy scratched and dented silver bars ... have one sitting in front of my right now a 5oz sliver bar from Highland Minting. What does it matter unless it is some kind of collectors piece.
@BayshoreBullion
@BayshoreBullion 8 ай бұрын
I don't care if they are scratched or dented either but most of the people that buy on my website do. They are very picky about condition. One little scratch and they'll want a refund or to change it out.
@briankerr4512
@briankerr4512 8 ай бұрын
@@BayshoreBullion You would have no complaints from me. :)
@BlaubartMT
@BlaubartMT 8 ай бұрын
When it comes time for you to sell, if that ever happens, it doesn't matter what you are willing to accept. It matters what the person buying from you is willing to accept. I also buy scratch and dent stuff, but I know that the lower premium that I'm paying is likely going to mean lower premiums when I sell it, and I'm OK with that.
@billparks7368
@billparks7368 8 ай бұрын
Great video. Love the 50oz. I've never seen one for sale retail.
@shinyshinyman3777
@shinyshinyman3777 8 ай бұрын
For short term swings, it’s definitely almost like trading the stock market. Thus I hold for long term to avoid these kinds of volatility stresses
@renegademind1833
@renegademind1833 8 ай бұрын
Lots of work, keeping on top of everything.. Thanks for some extra knowledge.
@tonyalba790
@tonyalba790 6 ай бұрын
Dollar over spot is a gonga deal. Good luck finding that online anywhere. He's almost giving it away!
@kertbert1
@kertbert1 16 күн бұрын
I just bought first mint bars at $0.50 over spot last month on a sale. You can get rounds for $1 over spot from some places.
@billguerra1304
@billguerra1304 8 ай бұрын
Great video. A nice behind the scenes look!
@EmpirePreciousMetals
@EmpirePreciousMetals 8 ай бұрын
Thank you very much!
@tonytinoco9838
@tonytinoco9838 8 ай бұрын
This was a great video, really enjoyed it. Thank you.
@EmpirePreciousMetals
@EmpirePreciousMetals 8 ай бұрын
Glad you enjoyed it!
@mrsnicks6105
@mrsnicks6105 8 ай бұрын
You only realize a loss when you sell. If spot drops, hold it until it goes back up to an acceptable level.
@Skavatar789
@Skavatar789 7 ай бұрын
yes. same with stocks and natgas and crude oil. sometimes you can flip it in a few minutes or a few hours, sometimes it takes days or weeks or even months.
@WhiteAngloSaxon
@WhiteAngloSaxon 6 ай бұрын
I’ll stack and collect whatever the hell I want. I absolutely love Geiger bars.
@wallychambe1587
@wallychambe1587 8 ай бұрын
My local dealer wants $8 over spot on silver eagle 1oz, $6 on 1oz coins like Austrian phils, $4 on 1oz rounds!😲😲
@WeekendsOutsideFL
@WeekendsOutsideFL 7 ай бұрын
Great to hear these unique stories from different folks
@Paul-gf9fc
@Paul-gf9fc 3 ай бұрын
Costco here in Canada sells 1oz gold bars and 10oz silver bars. It's the best price I can find.
@kertbert1
@kertbert1 16 күн бұрын
After your 2% back or 4% back you are getting close to spot or even lower sometimes.
@johnnyb3126
@johnnyb3126 8 ай бұрын
Cool interview Stormy 👍💪🥈
@pkomonko
@pkomonko 7 ай бұрын
When i started on silver, my supplier set me up like a cashiers till. To be able to transact for any size barter, from a bit of food to a vehicle to...
@Eli-qr9hc
@Eli-qr9hc 8 ай бұрын
Great vid, love the detailed topic.
@EmpirePreciousMetals
@EmpirePreciousMetals 8 ай бұрын
Glad you liked it! Hope you’ve been well buddy. Been awhile.
@doxer678
@doxer678 8 ай бұрын
Sooooo. What types don't we buy?
@SpiKSpaN-ei6zq
@SpiKSpaN-ei6zq 8 ай бұрын
Total nonsense. You need to get smart and scoop up every ounce of silver you can ..while you still can. I'm majorly regretting not buying more gold and silver way back when it was $14. Now I can only buy incrementally. This country is circling the drain fast and a reliable medium of exchange is needed.
@Shrek_Has_Covid19
@Shrek_Has_Covid19 6 ай бұрын
anything fake or ridiculously overpriced
@robinhunt6644
@robinhunt6644 Ай бұрын
I agree that any silver is silver. I do not sell it. I would buy scratch up silver because that has no bearing to me and it usually a better deal. It all going to go up once the Fed approved banks stop shorting it down. Then it go up sevenfold in one day.
@LEVERA6E
@LEVERA6E 8 ай бұрын
That's my 2012 ASE in the 2x2 I made that label and sold it on ebay.
@BasicBeachCommunity1
@BasicBeachCommunity1 8 ай бұрын
Great interview
@SilverLiterati
@SilverLiterati 8 ай бұрын
So what type to avoid?
@nrthshor8586
@nrthshor8586 5 ай бұрын
Silver has been used as an exchange of value for thousands of years so it has its place in the should have category .😎👍Thanks for Vid
@MBJ7King
@MBJ7King 9 күн бұрын
Met this seller, he is located in NJ. Solid buying experience
@The01231965
@The01231965 3 ай бұрын
I'm new to this.in my way of thinking,coins,the better the condition the better the price.personally I wouldn't care about a scratched up bar.weight is weight.
@infinitytricks3716
@infinitytricks3716 8 ай бұрын
.999 generic Buffalos or bars
@BLake71988
@BLake71988 7 ай бұрын
Great video!
@tonyalba790
@tonyalba790 16 күн бұрын
I miss the sterling cons and bars like Franklin Mint used to make. Everything else aside from .90% are so easily damaged, scratched, milk spots, dinged etc. Sterling can always be easily repurposed to jewelry or other.
@bunymustard2584
@bunymustard2584 8 ай бұрын
Im probably by myself on this, but i absolutely love sterling flatware 🍴👌🏾
@BayshoreBullion
@BayshoreBullion 8 ай бұрын
I love the Sterling flatware. I’ve seen some beautiful stuff throughout the years.
@timfool
@timfool 8 ай бұрын
I enjoy the older patterns, especially larger serving flatware. Collectors spoons are interesting too depending on the topic. There's a huge markup on a lot of that
@ct87gn25
@ct87gn25 8 ай бұрын
I really like picking up the sterling candle sticks myself!
@exgenica
@exgenica 8 ай бұрын
@@ct87gn25 Do you prefer "picking up" the candlesticks in the Dining Room, the Library, or the Conservatory?
@user-pr4oq4mm7p
@user-pr4oq4mm7p Ай бұрын
Yellow Gold & White Silver...
@geostall
@geostall 8 ай бұрын
This guy's great. Great personality.
@SpiKSpaN-ei6zq
@SpiKSpaN-ei6zq 8 ай бұрын
Yeah he does seem very 😎
@ace1926
@ace1926 5 ай бұрын
Straight to the point with no BS.
@brianfreland9065
@brianfreland9065 4 ай бұрын
i had an old neighbor years ago that would be outside all day everyday in his shed grinding flatware apart haha. idk where he was getting all that silverware but he was definitely spending hours and hours pulling it apart haha
@Malice_Lonewolf
@Malice_Lonewolf 7 ай бұрын
dollar over spot on those 10 oz bars sounds awesome, my lcs charges +3 on bars and if theyre premium bars even more even on the 100oz bars no discount.
@jimcatanzaro7808
@jimcatanzaro7808 4 ай бұрын
I buy weight if it’s sterling to 99.9 -35 percent a wide range is better then no range I try to get the cheapest price around especially sterling you can get 3 Troy ounces for 40-50 bucks and I then refine it and make 1 ounce bars or rounds
@mykittenisagrandmaster4381
@mykittenisagrandmaster4381 8 ай бұрын
Right now I'm trying to find different silver bars at my local pawnshop or local coin shop that could get at a good price and sell if needed for a nice profit I'm also considering buying as many boxes of pennies or half dollars I can get from my bank to go through to try and get a bunch of wheat pennies or silver halves to trade in for free gold
@AnthonyAlba-to2gh
@AnthonyAlba-to2gh 7 ай бұрын
Whenever silver makes it's move, people & shops will not be so picky. If it's a decent round, it should sell itself. All you need mention for comparison, is Silvershield, Liberty Coins, Scottsdale mint rounds & other instant hits, which many enjoy bidding wars on auctions these days. Why? Because of the high quality standards they bring and their meaningful messages.
@ElizabethKlimas
@ElizabethKlimas 8 ай бұрын
Instead of melting, sell it to collectors. Lots of these flatware’s ss is in good shape - lost forever in melt 🥲can never bring back. Breaking heart of ss collectors 🥲
@charlesrandall6835
@charlesrandall6835 4 ай бұрын
This new generation could care a less about history. Let alone to sell flat ware. Worth just as much if it the right brand name.
@BacheZentre
@BacheZentre 2 ай бұрын
​@@charlesrandall6835 I am brand new to all of this. Mid thirties and agree with the original comment.
@tabcobra
@tabcobra 8 ай бұрын
How big a deal are 10 oz bars that aren’t in encapsulated in plastic vinyl ? I have a few, but most are not, the ones in plastic don’t stack well.
@BayshoreBullion
@BayshoreBullion 8 ай бұрын
Once they are out of the original packaging they are considered secondary market products.
@tonyalba790
@tonyalba790 16 күн бұрын
Honestly, in many cases, tarnish is an added perk. Especially if it's something old school.
@cheaplaughkennedy2318
@cheaplaughkennedy2318 8 ай бұрын
That was a really good episode
@Bluediamond2023
@Bluediamond2023 7 ай бұрын
I take any silver bar dented/scratched or new. Silver is Silver.
@brianfreland9065
@brianfreland9065 4 ай бұрын
im always nervous to buy the super neat bars and rounds because im always worried it wont be recognized. that why i really like constitutional or junk silver. everyone will recognize and buy that but i already know ppl that had a hard time selling when they needed to because even shop owners had never seen or heard of some of their stuff. i want super easily recognizable weight because at the end of the day it brings you zero dollars or goods when you need to turn to it and cant convince someone its real
@exgenica
@exgenica 8 ай бұрын
I've also had soft foam almost completely corrode copper coins of decent value after just a couple years in storage. Nearly all mint markings on the coins were eaten away leaving major pits deep into the copper. When I decided to use it to cushion the coins, there was nothing very odd about the foam that I could tell. Seemed completely dry and safe to use. No oily feel, smell, etc. I stopped using foam of any kind after that.
@oldscratch3535
@oldscratch3535 8 ай бұрын
Foam holds moisture.
@echonovember636
@echonovember636 7 ай бұрын
I've been avoiding foam or cushioning of any kind since I started. Air-tite capsules without foam, or Saflip is all I use.
@garylynch9206
@garylynch9206 5 ай бұрын
I am in Ireland. We have no culture of LCS. Have to either buy and vault or develop a reputation in the tiny secondary market. Doing both but it is not hugely liquid.
@BayshoreBullion
@BayshoreBullion 4 ай бұрын
Interesting. Why no LCS in Ireland?
@garylynch9206
@garylynch9206 4 ай бұрын
@@BayshoreBullion small population I guess and not much of a culture of it.
@glbernini0
@glbernini0 7 ай бұрын
Never realized the fractional profit margin these guys work at! Love all the people that say just melt it down not realizing all the toxic chemicals and hazards involved.
@buggsy5
@buggsy5 6 ай бұрын
I think most coin dealers have higher margins than he has. They do not melt down sterling, they send it out to a refiner - good ones pay them at least 95% of spot - probably 98% for the 500 oz tableware box shown.
@michaeld2716
@michaeld2716 7 ай бұрын
My question on currency. If a government makes a decision, stating that their silver cannot be melted down, does that leave silver from being used industrially, and what happens to that coin/bar?
@laurencerilling5873
@laurencerilling5873 4 ай бұрын
If your government tells you what you can do with your Silver, you better already have armed yourself
@lancegoodall5911
@lancegoodall5911 Ай бұрын
Somehow this is giving me a sicking feeling. When everyone sells their silver all at once this will drive the price down once more 😮
@TGriffiths-ve6nw
@TGriffiths-ve6nw 19 күн бұрын
That's why it's called a market. Supply and demand.
@commosection
@commosection 7 ай бұрын
I buy 90% US and Foreign government coins THAT i find attractive.I don't call myself a stacker i guess if you buy coins for half a century you become one :) by volume. I never plan to sell my gold and silver until i'm near economic doom unlike stackers who run to sell when spot price rises which is fine whatever makes you happy for me being a collector i enjoy looking at my collection and having the security of my investment.
@Skavatar789
@Skavatar789 7 ай бұрын
same here. I like collecting Chinese Pandas, proof American Eagles, and Australian Zodiac silver coins. i do occasionally buy small amounts of "junk" silver coins and bars just in case of a real 1930's stock market crash, zombies, etc. its too much of a hassle to physically buy and sell.
@kaiobikeg8749
@kaiobikeg8749 23 күн бұрын
Same here. I’m just starting to get really into it. Been aware since 2008 but money wasn’t decent then. Now I’ve made connections with a private old timer seller and he cuts me unbeatable deals each week. I’m doing same. No selling until it counts
@zionisimkills1098
@zionisimkills1098 8 ай бұрын
at some point people will come to realize the small denomination like 90% Dimes, Quarters,50 pieces most valuable for day to day transactions, Dimes most of all. Look around today, from 1 dollar to 20 dollar bill most used currency, if silver goes to $ 100 an ounce, who will be able to break a Morgan or Silver eagle with a 10 ounce bar. if 90% dime goes to $ 10 , you will want 90% Copper pre 1982 Pennies. Remember war nickels are 30% silver.
@jimfrost5287
@jimfrost5287 8 ай бұрын
War nickels are 35 percent
@jimfrost5287
@jimfrost5287 8 ай бұрын
1982 was a transitioning year some are copper and some are zinc the copper pennies of those years are like 98 percent copper 82 and back
@gabri3l390
@gabri3l390 Ай бұрын
When it comes to stacking SILVER...get it as close to spot as you can, nothing else really matters
@bustabus83
@bustabus83 6 ай бұрын
Lol! I believe the term is “Boat Load.”
@Shazam815
@Shazam815 21 күн бұрын
Nah, Ill keep buying limited release coins and Germania mint. Because I LOVE the art that goes into it. Im not thinking about Wshtf. Im thinking about in the next 20-30 years resell value. When it does hit the fan, Ill accept my losses on the premium. But the price of silver may be at the point where my premium doesn't even matter anymore.
@33scottyp
@33scottyp Ай бұрын
Silver is silver. It doesn’t matter if it’s open, dented, tarnished or has milk spots. As long as the weight and purity are correct and match the stamp, it won’t matter. There’s definitely a market for buy backs as they generally have a lower premium on them.
@TGriffiths-ve6nw
@TGriffiths-ve6nw 19 күн бұрын
@33scottyp Not neccesarily. If you are talking about when shtf scenario occurs in might not be as important but it still matters. When black markets are in effect and American paper dollars are the currency being accepted that black market demands NEW bills. They don't want old bills. Often they won't even take old ones. It will be the same with silver. The preference will be for pristine coins, rounds and bars. Those who are the brokers will determine what they will accept. They won't want grubby silver unless it is the absolute last option for them.
@paultaylor8396
@paultaylor8396 8 ай бұрын
Hey, Thank you for your channel. Always love to get new content on silver. You you provide the phone number of the business in the video? I’m interested in buying some of the blemished silver he has. Keep up the good work
@BayshoreBullion
@BayshoreBullion 8 ай бұрын
I put them on the site as secondary market bars. They sold out the next day. Spot plus .99 cents.
@JimWemm-ql1ge
@JimWemm-ql1ge 8 ай бұрын
Thank you gentlemen. 🍻
@TobaccoRowe1960
@TobaccoRowe1960 7 ай бұрын
I need some of those spoons to complete my Silverware Set. I'm voting for the Monarch Mint Bars. So for Christmas Presents I bought (7) 1oz Ultra Cameo Coca Cola Rounds, with plastic capsules and drawstring wedding bags, for my kids and grandkids and one for me to. $35 each with Drawstring Bag and Plastic Capsule, free shipping. Man I hope I bought the right stuff, they sure look cool! When I took these Coca Cola rounds out of the APMEX plastic bags, they went straight into the capsules and the capsules went straight into the drawstring bag. I did not touch the coin or the capsule : )
@DrSchor
@DrSchor 6 ай бұрын
help us new guys : is hoping you did the right thing a good plan, or did you just pay a lot extra for looking cool?
@Macky1101
@Macky1101 5 ай бұрын
What silverware set are you trying to completed?
@TobaccoRowe1960
@TobaccoRowe1960 5 ай бұрын
Reed & Barton or something similar. I need a dinner fork next.@@Macky1101
@vandalorian8777
@vandalorian8777 7 ай бұрын
If you can get silver for free or cheap than take it but I price of silver hasn’t gone anywhere in almost 20 years
@anthonydinuzzo6407
@anthonydinuzzo6407 6 ай бұрын
silver was $5.00 an ounce 20 years ago... WTF are you smoking?
@JohnDoe-cf8jz
@JohnDoe-cf8jz 8 ай бұрын
Cool dude, enjoyed this :)
@EmpirePreciousMetals
@EmpirePreciousMetals 8 ай бұрын
Thanks for the visit
@josephnoneofyourbeeswax8517
@josephnoneofyourbeeswax8517 4 ай бұрын
How many ounces of gold are around his neck? That seems pretty risky to me.
@AnotherWisenedOne
@AnotherWisenedOne 5 ай бұрын
The most important things to take into consideration are 1) don't buy big slabs of silver, or gold. Even if the fiat paper still had any perceived purchasing power left in it, you wouldn't keep only 100 dollar bills, because how would you break it down into smaller units? There is a REASON why we have different sizes and values of coins and bills. 2) When TSHTF, just how much stuff are you going to be able to buy? 3) It is folly to think that you can accurately compare the perceived purchasing power of worthless fiat paper (or electronic bookkeeping entries while they're still accessible while we have electricity) to PMs. Inflation is the increase in the cost of goods and services, due to a DECREASE in the PPP of a fiat currency. So when you see the cost of PMs going up, it's generally speaking NOT because those PMs are increasing in value, it is because the fiat paper and computer numbers have LESS PPP in them, so more and more are needed to maintain the balance between what is being bought and what is given in exchange for it. The old saying "Worth its weight in gold" was used when spices and salt were used to preserve foods before we had refrigeration, because the amount of Human labor needed to collect an ounce of spices was about the same amount of labor as getting an ounce of gold! They were trading labor for labor!
@Viper4ever05
@Viper4ever05 8 ай бұрын
you could probably sell that silverware for a pretty penny just as is. People love that shit.
@joeparise591
@joeparise591 8 ай бұрын
Engelhard is my favorite to collect
@blazingarrows6117
@blazingarrows6117 4 ай бұрын
This is fascinating.
@BayshoreBullion
@BayshoreBullion 4 ай бұрын
Thanks for watching.
@ninjatvlv6101
@ninjatvlv6101 7 ай бұрын
i buy what is a good deal but theres times i wanna dabble into something neat or for an occasion like a gift or somethin. like atm if i could get a tube of sunshine mint eagles or walkers on a deal then thats what im going for. remember getting the morgans a while ago and they look nice. as for bars. every time i order a random 10 oz from sdb i get the same bar. like its cool to have bars but theres times i wanna get somethin different. though when it comes to keeping the bars. im one of the few i see that keeps em in their sealed plastic. recently i went for the 3 tudor beasts i dont have and im happy on those. though im debating selling the extra lion i have if i get a decent offer or trade it at a show.
@samgarviso5288
@samgarviso5288 7 ай бұрын
Silver is not worth the hassle spot + some ridiculous premium when you purchase and melt prices when you sell 😢.prices haven’t gone up significantly in years,and if the tshf , no one is a going to take silver over a loaf of bread.
@PreciousMetalsInvesting-gx8kn
@PreciousMetalsInvesting-gx8kn 4 ай бұрын
ironcally they'll tell you to buy the cheap stuff to get as close to spot..then tell you not to buy the cheap stuff because you may not find a buyer lol. Making me dizzy.
@BayshoreBullion
@BayshoreBullion 4 ай бұрын
Secondary market stuff you can buy cheapest. But when you sell it back you’ll get the lowest because they are out of package and tarnished. Not that hard to understand.
@PreciousMetalsInvesting-gx8kn
@PreciousMetalsInvesting-gx8kn 4 ай бұрын
@@BayshoreBullion lmfao...I have no fkn problem getting spot plus a buck for pretty much any shit bar or round I take to my LCS. you selling at pawn shops or what, son? not that hard to understand lmao
@ceectheseraph
@ceectheseraph 6 ай бұрын
thats some beautiful looking silver!!!!
@Elon_Trump
@Elon_Trump 6 ай бұрын
man, the margins must be slim pickings for a business. It seems like a grind to make a nut on and even get into unless your pops was in the game since the 50's and 60's or was in pawn.
@EmpirePreciousMetals
@EmpirePreciousMetals 6 ай бұрын
Very tough indeed
@ehrenkrause9861
@ehrenkrause9861 8 ай бұрын
Yep metal dealers are not contractors leave the power tools to the professionals😂 8:34
@JewTubeSux
@JewTubeSux 7 ай бұрын
I have 2,800 ozt of silver SD Bullion Freedom Rounds and 140 ozt of gold Buffalos and Maples. Our entire life savings...
@TheBajamin
@TheBajamin 6 ай бұрын
That’s a terrible idea lol. You should diversify some of that.
@perindne
@perindne 6 ай бұрын
Congrats on your strong financial standing. I admit I am a bit jealous! Good luck and take care.
@goatrancher9kinder
@goatrancher9kinder 5 ай бұрын
Bro' I'd advise you to delete your comment. It is not a good idea to advertise what you've got. Bad characters are watching.
@idiocracy10
@idiocracy10 4 ай бұрын
@@goatrancher9kinder yeah, like uncle sam
@loupugliese4576
@loupugliese4576 2 ай бұрын
Too much gold to have when ratio is 85-1. You should trade some gold and get more silver. When the ratio drops under 20-1, then trade some silver for gold. You will be very happy. That’s a wealth tactic needed when ratios are out of whack like it is now.
@daniel51404
@daniel51404 8 ай бұрын
All silver is secondary market the minute it leaves the mint if people don't want to buy it that's their problem.
@YRandomVideosY
@YRandomVideosY 4 ай бұрын
Could you elaborate?
@kangaroosolid6115
@kangaroosolid6115 4 ай бұрын
Hi, Do you ship to the uk? I'd buy your Apmex bar and JM bar they're cool, love your videos too
@EmpirePreciousMetals
@EmpirePreciousMetals 4 ай бұрын
I don’t ship to the UK right now.
@coincollectingfun
@coincollectingfun 8 ай бұрын
Big like number 593! Excellent video and thank you so much for sharing!
@EmpirePreciousMetals
@EmpirePreciousMetals 8 ай бұрын
Thanks for the visit
@bidenhatesamerica
@bidenhatesamerica 7 ай бұрын
Silver is silver, i’d buy any old old/beat up/ secondary market silver in a heartbeat
@warrioromarzthefirst5949
@warrioromarzthefirst5949 2 ай бұрын
I buy silver to keep it. Ill pass it on to the clan and hopefully they can make a pretty penny.
@mikepotter4141
@mikepotter4141 7 ай бұрын
Most numismatic coins are worth the hassle to me. Bullion is a long game that can go somewhere or get ran down more. Rare coins remain the real precious.
@DrSchor
@DrSchor 6 ай бұрын
run
@dopeytripod
@dopeytripod 8 ай бұрын
we just don't want another "Silver Thursday"...............them dang Hunt Brothers
@nts713
@nts713 3 ай бұрын
When it hits the fan, I will be in a cave, lol. I don't think we come from, but we're actually forced underground because the surface becomes too dangerous, in my opinion.
@brandonmusser3119
@brandonmusser3119 8 ай бұрын
Okay now I know I can get tarnished silver for cheaper I'll go for that from now on cuz I ain't after it for the look after it for the price
@brandonmusser3119
@brandonmusser3119 8 ай бұрын
And I'm not going to pay more for better looking silver is silver is silver it don't matter if it's shiny or not
@madess4844
@madess4844 8 ай бұрын
I buy 1 oz silver from a bank in canada monthly thats all i can buy am i doing a good thing or do you have a suggestion
@BayshoreBullion
@BayshoreBullion 8 ай бұрын
If you are buying from a legit bank I'm sure your silver is fine but I would always check to see if any reputable companies in Canada offer it cheaper.
@jeffmoss118
@jeffmoss118 3 ай бұрын
Just buy ASE’s they’re always in high demand and good premiums can be found
@h2o100c
@h2o100c 3 ай бұрын
What’s “ase” ?
@go4it129
@go4it129 8 ай бұрын
I like the 10 oz Italpreziosi
@fatgandalf9451
@fatgandalf9451 8 ай бұрын
With such a low margin and the volatility of the pms market, why do it? Why try to sell pms retail? How are you keeping lights on?
@BayshoreBullion
@BayshoreBullion 8 ай бұрын
Very little is sold retail. I mostly deal with wholesalers. Dealer to dealer transactions. All low margin but very high volume.
@shayjenkins6641
@shayjenkins6641 6 ай бұрын
Don't buy silver and try to get a fast flip. You might as well go to the casino. This is for stacking and holding over time.
@EmpirePreciousMetals
@EmpirePreciousMetals 6 ай бұрын
Incorrect. You can do both dude. Online dealers, coin shops, online retailers and so on “fast flip”. I’ve been a dealer for 4 years now and have done well with it. Meanwhile, I also stack, so…..
@Silverado_UK
@Silverado_UK 7 ай бұрын
Whaaat? But you have had videos previously saying gods of Olympus is a winner! I am confused🤷‍♂️
@PreciousMetalsInvesting-gx8kn
@PreciousMetalsInvesting-gx8kn 4 ай бұрын
how is a provident metals bar secondary market by default? Its literally made for them
@BayshoreBullion
@BayshoreBullion 4 ай бұрын
Secondary market is anything out of original package, tarnished, scratched up. Nothing to do with the brand.
@PreciousMetalsInvesting-gx8kn
@PreciousMetalsInvesting-gx8kn 4 ай бұрын
@@BayshoreBullion 'secondary' market is anything that isnt brand fkn new from a mint/company that hasnt been owned by any other private owner. By your idiocy, if I buy a gun from someone who bought it from someone else but never took it out of the box its still 'new' even though it had two fkn owners already, lmao
@VeteranStacker
@VeteranStacker 8 ай бұрын
Buy what you like just avoid selling to dealers like this guy. Wholesale is a way to buy in bulk from other dealers to help them move bulk. These guys pay you less than wholesale because they can.
@BayshoreBullion
@BayshoreBullion 8 ай бұрын
You couldn’t sell to me. You’d need a wholesale tax ID number.
@VeteranStacker
@VeteranStacker 8 ай бұрын
@@BayshoreBullion I wasn’t just talking about you. I’m talking about everybody in your supply chain. Your business is stealing from my community just to make a quick buck off people who have saved these collections for lifetimes. Everyone please buy what they have but never sell to someone who tells you that they have to pay you very little because they can get it wholesale cheaper. Let them buy from each other while they can.
@chris7brook
@chris7brook 8 ай бұрын
​​@@BayshoreBullion#EndTheIRS☠️☠️☠️💸💸💸
@BayshoreBullion
@BayshoreBullion 8 ай бұрын
@@VeteranStacker If thats what your issue is why dont you save up enough money and buy big lots like this yourself and you can do whatever you want with them.
@BlaubartMT
@BlaubartMT 8 ай бұрын
@@VeteranStacker There are a lot of dealer-dealer type transactions going on behind the scenes. Chances are very good that this guy buys from dealers at a slightly higher price than the dealer buys from the customer. One good way customers can get good prices is if they can find another customer looking to buy what they're selling. i.e. Eliminate the middle man. Around here, dealers will buy American Silver Eagles at spot and sell them for $5 over spot. If they buy a large lot of them, they might sell some to another dealer at $1-2 over spot for a quick, but smaller profit with less risk. Regardless of what happens after that dealer buys the ASE from the customer, the customer still only got spot from the dealer.
@pank524
@pank524 8 ай бұрын
Less than $10,000 not that big of money I love it he can just let me have it then
@trumpsagenius6914
@trumpsagenius6914 7 ай бұрын
Most places sell it for 5 dollars over spot
@interpolagent9
@interpolagent9 8 ай бұрын
As a regular stacker, I got a bit of everything. I traded my bars and international items, and just focus on Maples and Canadian 80% coins. I still have Krugers and ASEs to trade off, when the opportunity presents itself. I came out ahead, weight wise. Those big bars are sexy though.
@SliverOfSilver1000oz
@SliverOfSilver1000oz 8 ай бұрын
The coins are nice to have now, but when the prices multiply they will be out of reach for a lot of people because of the value, when your unable to sell them they become less valued. Just continue to buy bullion... 2nd hand won't even matter, even rounds... just my opinion
@interpolagent9
@interpolagent9 8 ай бұрын
@@SliverOfSilver1000oz , I disagree. Bullion can, and have been faked. Sovereign coins are harder to counterfeit.
@dopeytripod
@dopeytripod 8 ай бұрын
...always have Krugers JUST IN CASE
@rdillon517
@rdillon517 6 ай бұрын
Looking at that makes my mouth water
@noelroman7390
@noelroman7390 8 ай бұрын
What exactly does this guy do? Is he a wholesaler? Who is his target market? Does he sell to the everyday consumer? I see his shop is in NJ. I'm in NJ also. I'd love to come down and check his stuff out. Seems he knows his stuff.
@BayshoreBullion
@BayshoreBullion 8 ай бұрын
I'm a wholesaler. I buy from businesses, jewelers, coins stores. I sell to the public on my website. It's taxable to the public in NJ but I always have stuff available for sale.
@noelroman7390
@noelroman7390 8 ай бұрын
@@BayshoreBullion Cool! Love the vids very interesting.
@claytonevans5721
@claytonevans5721 8 ай бұрын
Should have some copper and titanium to add to your stack
@mudvayne2311
@mudvayne2311 8 ай бұрын
Copper isn't worth stacking
@claytonevans5721
@claytonevans5721 8 ай бұрын
@@mudvayne2311 Depends on how much you buy , if that's the case why are people stealing copper piping ?
@SpiKSpaN-ei6zq
@SpiKSpaN-ei6zq 8 ай бұрын
​@@claytonevans5721to flip for more meth. It's too common to be worth anything substantial
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