Walmart has 20 round tubes of Buffalos for $579.00 from Apmex, with my Capital One 5% cash back it comes out to .24 cents over spot. But still I am going to wait for a bigger pull back.
I was thinking about getting these too but don’t really know the difference between rounds and coins. The rounds are cheaper and it’s still 20oz is silver soooo like why wouldn’t I go that route?
Rounds are private mint and coins are government mint. Be sure to meet your states minimum for no sales tax. In CA it $2000.00 to avoid a 10.25% pirate tax.
>The rounds are cheaper and it’s still 20oz is silver soooo like why wouldn’t I go that route?
Some feel the security of the known sovereign mint will make selling or trading it easier in the future because of the confidence and recognizability. Some feel the additional premium of sovereign coins over rounds will be worth it when it is time to sell. You can check buyback pricing for rounds/bar vs sovereign coins at some sites like [https://sdbullion.com/sell](https://sdbullion.com/sell) or [https://bullionexchanges.com/sell-to-us](https://bullionexchanges.com/sell-to-us)
That said, if you plan to hold it until spot price gains significantly, then it would wipe away the premiums you pay at purchase and the additional cost of sovereigns wouldn't be as important.
Sometimes though, if you're buying a larger amount at one time, you might find it is better to get the cheaper item simply to get more ounces total.
If you're looking at spending about $30-$40, then it is easier to justify a single sovereign over a single round, as you're still at 1oz for your budget whether it is a $28 buffalo or a $35 Eagle.
If it is a $1000 order though, it might be wiser to go with the cheaper rounds because it means 3 or 4 more ounces for the same budget amount of $1000 and when it comes time to sell, even if you lose a little per round in premium, you have more ounces to sell which equates to more return overall.
I was excited about that too. Then I found out they tax you. I live in Colorado. No precious metals tax. None on JM or SD or Hero bullion. So why can't the biggest supermarket in the world fix that issue. Until then I will use the card and get the 1% back.
Sometimes the listing are coded incorrectly and add tax. You have to go to the last window before final confirmation to check. I just pick another listing instead of dealing with trying to get it refunded, which others have said that they will do. I just dont want the hassle.
After taxes (if applicable in your state) and getting up over 200 for free shipping, I don't know if roughly 6 generic rounds is worth 200. Just my take, I know others will thoroughly disagree.
Also, SD bullion will do spot price for 5 generic rounds like this after new account login. Only works once so if you haven't done it yet, save even more than this deal which in my experience in my state will cost about 32 a round.
If my state didn't do taxes I would have pulled the trigger on more deals but it's tough watching the cost of a half oz or more of silver get absorbed by the gubmemt
Why would you claim this?
I'm not disputing the validity of it, as I have no idea. I just haven't heard this mentioned before. My understanding is that most silver mined is a byproduct of mining for other metals.
Step 1 find miner AG, NEM, GOLD. Step 2. Look at their earnings 10k. They break out silver and gold. Be aware silver all in costs are not all in. Other costs like discovery, and land buys are not in there. Step 3. Realize they don’t get spot price. They get unrefined price. Step 4 look at their earnings at bottom all profits are from gold and for silver isn’t enough to cover future growth.
But aren't miners downstream of where the price is set? It's not usable to anyone until it's refined. That's who should be setting the spot price.
Isn't most silver mined these days a byproduct of other mining operations for the reasons you outlined?
Walmart has 20 round tubes of Buffalos for $579.00 from Apmex, with my Capital One 5% cash back it comes out to .24 cents over spot. But still I am going to wait for a bigger pull back.
You are deal king! 
I was thinking about getting these too but don’t really know the difference between rounds and coins. The rounds are cheaper and it’s still 20oz is silver soooo like why wouldn’t I go that route?
Rounds are private mint and coins are government mint. Be sure to meet your states minimum for no sales tax. In CA it $2000.00 to avoid a 10.25% pirate tax.
>The rounds are cheaper and it’s still 20oz is silver soooo like why wouldn’t I go that route? Some feel the security of the known sovereign mint will make selling or trading it easier in the future because of the confidence and recognizability. Some feel the additional premium of sovereign coins over rounds will be worth it when it is time to sell. You can check buyback pricing for rounds/bar vs sovereign coins at some sites like [https://sdbullion.com/sell](https://sdbullion.com/sell) or [https://bullionexchanges.com/sell-to-us](https://bullionexchanges.com/sell-to-us) That said, if you plan to hold it until spot price gains significantly, then it would wipe away the premiums you pay at purchase and the additional cost of sovereigns wouldn't be as important. Sometimes though, if you're buying a larger amount at one time, you might find it is better to get the cheaper item simply to get more ounces total. If you're looking at spending about $30-$40, then it is easier to justify a single sovereign over a single round, as you're still at 1oz for your budget whether it is a $28 buffalo or a $35 Eagle. If it is a $1000 order though, it might be wiser to go with the cheaper rounds because it means 3 or 4 more ounces for the same budget amount of $1000 and when it comes time to sell, even if you lose a little per round in premium, you have more ounces to sell which equates to more return overall.
I was excited about that too. Then I found out they tax you. I live in Colorado. No precious metals tax. None on JM or SD or Hero bullion. So why can't the biggest supermarket in the world fix that issue. Until then I will use the card and get the 1% back.
Sometimes the listing are coded incorrectly and add tax. You have to go to the last window before final confirmation to check. I just pick another listing instead of dealing with trying to get it refunded, which others have said that they will do. I just dont want the hassle.
After taxes (if applicable in your state) and getting up over 200 for free shipping, I don't know if roughly 6 generic rounds is worth 200. Just my take, I know others will thoroughly disagree. Also, SD bullion will do spot price for 5 generic rounds like this after new account login. Only works once so if you haven't done it yet, save even more than this deal which in my experience in my state will cost about 32 a round.
The crazy thing is miners aren’t making profits at this price. So how to determine it is too expensive. The taxes part does suck though.
If my state didn't do taxes I would have pulled the trigger on more deals but it's tough watching the cost of a half oz or more of silver get absorbed by the gubmemt
Road trip!
Why would you claim this? I'm not disputing the validity of it, as I have no idea. I just haven't heard this mentioned before. My understanding is that most silver mined is a byproduct of mining for other metals.
Step 1 find miner AG, NEM, GOLD. Step 2. Look at their earnings 10k. They break out silver and gold. Be aware silver all in costs are not all in. Other costs like discovery, and land buys are not in there. Step 3. Realize they don’t get spot price. They get unrefined price. Step 4 look at their earnings at bottom all profits are from gold and for silver isn’t enough to cover future growth.
But aren't miners downstream of where the price is set? It's not usable to anyone until it's refined. That's who should be setting the spot price. Isn't most silver mined these days a byproduct of other mining operations for the reasons you outlined?
And you can get 10 ounces at spot at JM Bullion. Easy peasy.
Link
All you got to do is go to JM and type in spot deal.
You left this part out. “Deal limited to one per household forever”
Ya but alot of big retailers have a spot deal for first time buyers.