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Showing posts with label precious metals. Show all posts
Showing posts with label precious metals. Show all posts

Tuesday, March 31, 2026

Dealer Picks the BEST Silver To Buy For $1000

 Dealer Picks the BEST Silver to Buy for $1000 video by Silver Seeker and Minot Coin & Bullion.

Summary:

If you had $1000 to spend on silver right now, what would a bullion dealer actually buy? In this interview, we break down real-world stacking choices, premiums, and what makes the most sense for physical silver.

Sunday, March 29, 2026

I Tried To Buy $70 Silver... Here's What I REALLY Paid!

 I Tried to Buy $70 Silver... Here's What I REALLY Paid! video by Silver Seeker.

Summary:

You went to multiple coin shops after silver dropped to $70 and found out what it actually costs to buy in the real world, including premiums and price differences across dealers.


Tuesday, March 10, 2026

MSN: Gold and Silver Investing Guide

Above, the entrance to the National Money Show in Phoenix, Arizona. Photo by Armand Vaquer.

A few years ago, the National Money Show was held in Phoenix, Arizona. This was great for two reasons: first, it was not too far from home and, second, there is no sales tax on gold and silver in Arizona.

Unfortunately, I cannot say the same about the sales tax in New Mexico. The state charges sales tax on gold and silver coin purchases.

MSN posted an investing guide that discusses what states that don't have a sales tax on coin purchases.

They begin it with:

Gold and silver investment strategy: As gold and silver prices climb, more investors are stepping into the physical precious metals market, as people are looking for stability during uncertain times. With gold trading above $5,100 per ounce and silver above $82 per ounce as of Tuesday, for many buyers, the surprise isn’t the spot price, it’s the sales tax.

A the old saying goes: Buyer beware!

To read more, go here

Sunday, March 8, 2026

Legal Ways To Reduce Taxes On Precious Metals

Above, 1964 Kennedy Half dollars. Photo by Armand Vaquer.

With silver rising in the spot price market, collectors and investors have to be mindful of what the Internal Revenue Service wants during tax reporting time.

Economic Times posted an article how to reduce one's tax burden on precious metals.

They posted:

IRS tax rules for silver and gold: 

Silver’s surge past $90 an ounce has grabbed attention as gold climbed toward $5,300 in 2025 and 2026. Demand tied to the green economy, including heavy silver use in high-efficiency solar panels and the fact that EVs require roughly twice as much silver as gas-powered cars, has helped drive the rally, as per a report. 

How the IRS Taxes Silver and Other Precious Metals: The 28% Collectible Tax Rule Explained

But taxes can take a large share of those profits. The IRS treats physical precious metals differently from stocks, and profits may be taxed at rates of up to 28% or more.

Silver is a capital asset, meaning any profit from selling it must be reported on Schedule D of your federal tax return, as per the Yahoo Finance report.

Many investors assume holding silver for more than a year qualifies for the same long-term capital gains rates as stocks. However, the IRS classifies physical metals such as silver bars, rounds, and coins as collectibles.

If silver is held for one year or less, profits are taxed as ordinary income, which can be as high as 37% depending on your tax bracket.

If it’s held longer than a year, the gain is still taxed at your ordinary income rate but capped at 28%.

The article then goes on to tell how the tax burden can be reduced.

To read the full article, go here

Thursday, March 5, 2026

SILVER STACKERS SWARM BULLION DEALER AS WAR ERUPTS!

SILVER STACKERS SWARM BULLION DEALER AS WAR ERUPTS! by Yankee Stacking.

Summary:

In this video my bullion dealer is swamped by both buyers and sellers of silver and gold as war erupts!  The lines grow quickly and the parking lot fills as silver buyers come from all across the state to see my bullion dealer!   A big drop in the spot price of silver and gold draws people in when the coin shop first opens and Tim can't leave until after 5:30 in the evening!  Is the war with Iran going to suppress the price of silver and gold or are we about to see a massive spike in the spot price of precious metals.  Silver usually goes down with the stock market on geo-political events, but this drop in spot price was a buying opportunity for these stackers.  Watch and see customers buy bullion from Tim Marschner of the Coin and Stamp Shop in what could be the beginning of a major war-driven volatility!  I also ask customers if President Trump's actions in Iran are "America First"!  These are unprecedented times requiring us to stack precious metals.  Protect yourself from out-of-control governments, evil central banks, and the failing US dollar's grip as the world's reserve currency.  Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!

 

Friday, February 27, 2026

Which Coins Contain The Most Silver?

Above, a 2023 American Silver Eagle. Photo by Armand Vaquer.

Gold and silver have been "on a tear" in their respective spot prices during these past few months.

Silver is a lot more affordable to the average American citizen. Before investing, one should look into which coins contain the most silver content. American Silver Eagles contain exactly one troy ounce of .999 fine silver.

CBS News posted an article on this question.

They begin it with:

When precious metals hit new price milestones, investor attention tends to focus on the headline-grabbers. Right now, that's gold, as the price of gold has been on a swift uphill climb over the past few months. In turn, it has hit surprising new thresholds — including a brief stint above $5,600 per ounce — and is now hovering at about $5,166 per ounce. But the price of silver has been on a tear of its own, making it a good option for investors who want exposure to precious metals without tying up quite as much capital in a single purchase.

And that's where certain types of silver coins, in particular, can offer big value to investors, especially in today's market. These small silver assets are tangible, widely recognized and come in sizes that feel manageable to a wide range of investors. You can buy one silver coin at a time, build a stack gradually or choose larger-format pieces if you're comfortable moving more money per purchase. In a precious metals market where prices can swing quickly and dramatically, flexibility matters.

To read more, go here

Tuesday, February 17, 2026

Is Silver Investing Too Risky In Retirement?

Above, a 1921 Morgan Silver Dollar (AU) reverse. Photo by Armand Vaquer.

Investing one's money in stocks, bonds, treasury bills, CDs and other things is prudent if one is retired or are about to retire.

What about silver investing for retirees? Is it too risky?

CBS News has posted an article on the pros and cons of investing in silver by experts for retirees.

They begin with:Silver saw a pretty big run-up in 2025, and that price trajectory continued into 2026, with the price of silver even surpassing prior records and climbing past the $100-per-ounce mark. However, prices have moderated a bit recently, leaving precious metal investors wondering if silver is still a smart investment. 

And, for retirees or seniors nearing retirement, the silver's ups and downs in price may be even more concerning, as there's rarely room in people's retirement budgets for copious amounts of volatility. That begs the question of whether silver is just too risky a bet in retirement these days.

Timing, goals and your overall portfolio all play a role in the answer to that question, but there are important factors to consider before buying silver once your working days are up. Here's what experts say you should think about before buying silver in retirement. 

To read more, go here


 

Tuesday, February 10, 2026

Metal Prices May Lead To Melting of Common Silver Coins

Above, a 2022 American Silver Eagle. Photo by Armand Vaquer.

Currently, the silver spot price per troy ounce at Comex is around $82.00.

With silver garnering such high prices (it was over $100 last month), the possibility of silver coins being melted for industrial uses is looming. 

Numismatic News posted an article taking a look at how metal prices may lead to melting of common silver coins.

They begin with:

For the last few decades, silver stackers and gold bugs have been preaching the imminent breakout of their respective metals, suggesting that gold could top $2,000, then $2,500, and so on, for an ounce. Those who took a shine to silver have suggested that $50 and even $100 an ounce was possible. A select few have even proclaimed higher benchmarks. For all the times those passionate defenders wound up crying wolf, but now the wolves are at the door.

But the effect this has on world coin pricing, aside from pushing the underlying base value higher, remains unclear. The high prices may already have priced some collectors out of the market. And some folks are cashing in their newfound wealth by sending common coins to be melted, though they aren’t reaping the full rewards of the increased melt value. The only thing slowing down the mass melting of common world coins is the massive backlog at refineries. The demand that started in the fall, as silver breached the $50 high-water marks of 2011 and 1979–1980, has not abated.

To read more, go here

Saturday, February 7, 2026

What Is A 1-Ounce Silver Eagle Worth Today?

Above, a 2025 American Silver Eagle. Photo by Armand Vaquer.


Over the past few years, I have purchased American Silver Eagle coins. This year has been different as the price of them rose to levels that I felt not worth the expense. 

Silver rose to over $100 per troy ounce since the beginning of the year, but is now in the $70-80s.

The question arises, What is a 1-ounce Silver Eagle worth today?

CBS News provides some answers.

They begin with:

The silver market just experienced one of its wildest rides in decades. After rallying from about $30 per ounce at the start of 2025 to over $100 per ounce in early 2026, silver prices plunged to under $80 per ounce in a matter of days, wiping out most of the year's gains and triggering subsequent volatility. The dramatic price swings reflect silver's dual nature as both a precious metal and an industrial commodity, which makes it particularly sensitive to shifts in policy, currency fluctuations and manufacturing demand. 

Yet despite the recent price correction, silver continues to trade at levels that seemed unthinkable even just 18 months ago, and the factors that drove its rally — including several consecutive years of supply deficits and surging industrial demand — remain largely intact. So, for those holding or considering silver assets, the question becomes not just what silver is worth today, but whether the current trajectory represents opportunity or risk.

And, that's particularly true for investors who are holding more unique silver assets, like American Silver Eagle coins, which are priced much differently than a generic silver bar or round. So, what is the value of a 1-ounce Silver Eagle coin in today's market, and what helps to drive that price differentiation? That's what we'll examine below.

To read more, go here

Wednesday, February 4, 2026

Does the IRS Know If You Sell Silver?

Above, 2023 Canadian silver Maple Leaf coins. Photo by Armand Vaquer.

It is tempting to sell one's silver while the price of the metal is high. 

But, doing so may attract the attention of the Internal Revenue Service (IRS). It depends upon HOW one sells their silver.

CBS News posted an article on, "Does the IRS know of you sell silver?"

It begins with:

The precious metals market is capturing renewed investor attention thanks, in large part, to economic uncertainty driving heightened demand for tangible assets, which is helping to push up the price of these assets. And, while gold tends to dominate headlines with its record-breaking prices, it's certainly not the only precious metal that investors have been flocking to. Silver prices have also been climbing rapidly, especially over the past few months, leading silver to hit new record highs along the way. But at just over $88 per ounce, silver is still substantially more affordable than gold, making it a popular alternative for those who want to capitalize on today's precious metals market movement while diversifying their portfolios. 

But whether you own silver in bars, coins or other formats, a question often emerges when it comes time to sell: What does the Internal Revenue Service (IRS) know about your transactions? After all, the precious metals market operates in a complex regulatory landscape, and the rules governing reporting requirements vary significantly based on the type of silver you're selling and the quantity involved. So, it makes sense to understand both the IRS reporting obligations and whether the federal agency knows about your silver transactions before you sell your assets. 

To read more, go here

Sunday, February 1, 2026

Gold and Silver Suffer Historic Selloff

Above, Morgan and Peace silver dollars. Photo by Armand Vaquer.

Silver and gold dropped in price last Friday. This is making investors wonder what's going to happen next. 

This may be a short-term correction or, possibly, a long-term trend.

According to CoinWeek:

Gold and silver prices suffered one of their sharpest single-day declines in decades on Friday as markets reacted to shifting expectations around U.S. monetary policy and a rapidly strengthening dollar.

The selloff accelerated after President Donald Trump confirmed Kevin Warsh as his nominee to lead the Federal Reserve. The announcement eased concerns about political pressure on the central bank and triggered a broad repositioning across global markets.

Silver Hit Hardest

Silver experienced the most severe losses. Spot prices fell roughly 28% to near $83 per ounce, while silver futures dropped more than 31%, marking the metal’s worst trading day since 1980.

The scale of the decline reflects how crowded the silver trade had become. After weeks of rapid gains, leverage among short-term traders amplified the downside as prices began to fall, forcing liquidations and margin-related selling.

Silver is still way over double in spot price from what it was a year ago, so I doubt it is time to panic. Silver was at $28.92 per ounce on January 1, 2025 (Source: CBS News).

To read more, go here.

Thursday, January 29, 2026

Can You Buy Silver Bars and Coins From A Bank?

Above, a 2023 American silver eagle proof set. Photo by Armand Vaquer.

With silver now at $119/troy ounce at Comex, it is tempting people to sell. However, there are those who still want to buy silver.

A question arises: Can you buy silver bars and coins from a bank?

CBS News posted an article answering that question.

They begin it with:

With inflation pressures still impacting purchasing power and economic uncertainty prompting investors to reassess their portfolios, precious metals have resurged as a popular hedge strategy. And, while gold has been having a moment over the past year, silver prices have climbed notably in tandem, outpacing gold's upward trajectory and attracting both seasoned investors and newcomers looking to diversify beyond traditional stocks and bonds. For many investors exploring this asset class, a seemingly logical first stop would be their local bank branch.

But the process of acquiring physical silver isn't quite as straightforward as withdrawing cash from your bank account or opening a certificate of deposit (CD). While banks serve as trusted financial intermediaries for countless transactions, their role in the precious metals market tends to differ. That can come as a surprise to investors who are expecting to walk into their banking institution and purchase silver bars alongside their routine banking services. So, before you head to your bank, it's worth knowing whether you can actually buy physical silver this way.

To read more, go here

Wednesday, January 28, 2026

How Much Can I Sell My 1-Ounce of Silver Now?

Above, silver Britannia coins. Photo by Armand Vaquer.

A few minutes ago, I took a look at the current spot price of silver. At Comex, it sits at $114 per troy once.

Many of use had purchased silver over the years when the price was low. It is now tempting to sell at the current spot price. The question is: can you?

CBS News posted an article on how much can one sell their one ounce of silver. 

The article starts with:

Silver has been on a remarkable run recently, with prices climbing dramatically over the past year as investors seek out safe-haven assets amid economic uncertainty. The precious metal has outpaced gold on its uphill ascent and has even surpassed many traditional investments, drawing attention from both longtime precious metal enthusiasts and newcomers looking to capitalize on the rally. This surge has pushed silver to record-high price levels, creating a compelling environment for anyone holding physical silver.

The recent price trajectory also reflects broader market dynamics, including persistent inflation concerns, geopolitical tensions and growing industrial demand, all of which have contributed to silver's strength. Unlike gold, which primarily serves as a store of value, silver's dual role as both an investment and an industrial commodity has amplified its price movements. And, as economic uncertainty continues to drive investors toward tangible assets, silver has emerged as an increasingly attractive option for portfolio diversification.

And, if you purchased silver coins months or years ago, this rally represents a significant gain on paper. But if you're holding a 1-ounce silver coin you want to sell, it's important to know that what you'll receive won't be equal to today's spot price. Numerous elements determine the real cash value you'll walk away with. So, how much can you sell a 1-ounce coin for right now? That's what we'll outline below.

To read further, go here

Sunday, January 25, 2026

Five Key Things To Know Before You Sell Your Silver

Above, an 1890 Morgan silver dollar (uncirculated). Photo by Armand Vaquer.

With silver's spot price reaching $100 per troy ounce, one who has a sizable amount of silver may be tempted to take advantage of the spot price and sell.

I, for one, have plenty of the white metal, but I am staying put. 

Morningstar has posted an article with five key things to know before selling your coins, bars, jewelry or flatware.

They begin it with:

The precious metal has now hit $100 an ounce - and the surge in its price is leading many to consider cashing in on what they have

Silver has reached a record spot price of more than $100 an ounce, and many people are deciding to sell their coins and other silver items.

Is it time to sell your silver?

That's the question some may be asking in light of the fact that the precious metal's price (SI00) has now hit $100 an ounce. After all, many people have some silver tucked away in their closets in the form of flatware, coins and jewelry. Others may have purchased silver bars for investment purposes.

Sure enough, those who buy silver for a living say they've been plenty busy of late responding to such folks.

"[We're] seeing a deluge of silver sellers like we never have before," said Brandon Aversano, CEO and founder of the Alloy Market, a Pennsylvania-based company that specializes in precious metals. Aversano noted that his firm has purchased nearly twice the amount of silver in the second half of 2025 as it did in the first half.

Fueling that demand, of course, are buyers aplenty who want a stake in silver, given the price gains of late.

If you do want to sell your silver items - whether it's a set of cutlery you inherited from grandma or coins you collected long ago - what do you need to know? We spoke with some experts to find out. Let's break it down into five questions.

To read more, go here

Saturday, January 24, 2026

Silver Finally Hits $100 An Ounce

Above, circulated Morgan silver dollars. Photo by Armand Vaquer.

Last evening, I was having dinner at Jerry's Cafe in Gallup with friend Bob Weeks and he mentioned that silver had hit $100 per troy ounce in the spot price market.

Sure enough, I see that this milestone was reached yesterday.

MSN reported:

Silver’s climb to the $100-an-ounce mark on Friday — a level it hit for the first time on record — was met with much fanfare by just about everyone who closely watches the market for the precious metal.

Silver has the characteristics of both a precious and an industrial metal and is in short supply. That’s why many investors believe in its potential for further price gains.

To read more, go here

Wednesday, January 21, 2026

Gold and Silver Hit New Records

Above, an 1889 Morgan silver dollar (BU). Photo by Armand Vaquer.

Yesterday, gold and silver hit record highs.

MSN reported:

Jan 20 (Reuters) - Gold climbed to another record high on Tuesday, scaling the unprecedented $4,700 an ounce milestone as escalating geopolitical tensions boosted safe-haven demand, while silver also broke above $95 for the first time.

Spot gold gained about 2% to $4,757.33 per ounce by 01:52 p.m. ET (18:52 GMT), after reaching a record high of $4,765.93 earlier in the day. U.S. gold futures for February delivery settled 3.7% higher to $4,765.80/oz.  

Spot silver slipped 0.3% to $94.38/oz, after hitting a record $95.87 earlier. The white metal added about 147% in 2025 and has gained more than 32% since the start of 2026.

To read more, go here

Tuesday, January 20, 2026

Is It Too Late To Invest In Silver?

Above, Morgan and Peace silver dollars. Photo by Armand Vaquer.

Over the past few years, I invested heavily in silver coins and bullion. That was when the price of silver was low (under $40 per troy ounce).

Today, silver is at $95/toz at Comex. This is great for those of us who have accumulated silver while the price was low. Remember the old addage: "Buy low, sell high!"

CBS News asks, "Is it too late to invest in silver?" 

They begin with:

Silver has had tremendous growth over the last year. The precious metal's price has jumped by approximately 200% in just the last year, and now sits at nearly $100 per ounce — a number virtually unheard of. 

For many investors, the run-up poses quite the conundrum, however. On the one hand, the price jumps mean the possibility of big returns. On the other hand, they also signal more risk — and more loss should the market reverse course.

So what do experts think? Is there still upside to buying silver, or is the risk too great with this precious metal right now? Below, we'll break down what you need to know before getting started.

To read more, go here

Monday, January 19, 2026

Greenland Talk Driving Gold and Silver To New Highs

Above, silver Kennedy half dollars and Morgan silver dollars. Photo by Armand Vaquer.


It appears that more talk concerning President Trump's call to take over Greenland is driving the price of gold and silver to new highs. 

Kitco News reported: 

Jan 19 (Reuters) - Gold and silver hit ​record highs on Monday, driven by a flight to safety after U.S. President Donald ‌Trump warned of extra tariffs on some European countries in a dispute over Greenland.

Spot gold jumped 1.5% to $4,662.85 per ounce by 1121 GMT, after scaling an all-time high of $4,689.39.

U.S. gold futures for February delivery advanced 1.6% to $4,668 per ounce.

Trump threatened several European allies with a series of escalating ‌tariffs on Saturday, unless the U.S. is allowed to buy Greenland, intensifying ​a dispute over Denmark's vast Arctic island.

Elsewhere, spot silver climbed 3.7% to $93.24, after hitting a record high of $94.08. The white metal has risen over 30% so far ‍this year.

To read the full article, go here.  

Sunday, January 18, 2026

US Mint Hikes Silver Coin Prices

Above, a 2025 American Silver Eagle I bought last year. Photo by Armand Vaquer.


Over the past several years, I have been buying American Silver Eagle coins each year. The last American Silver Eagle I bought was a 2025.

Based upon the following, it looks like I won't be buying any 2026 American Silver Eagles. 

Resell Calendar reported:

The US Mint dropped massive price increases across their silver lineup yesterday, with some coins rising nearly 90% from previous prices. Silver tripled from $30 to over $90 per ounce in the past year, and the Mint finally adjusted pricing to match. This kills most reselling margins on Mint products going forward and significantly impacts anyone holding subscriptions for automatic shipments.

New Prices on US Mint Silver Proofs

The Mint had been sitting on pricing that didn’t reflect reality. When silver was $30-40 per ounce, selling uncirculated Silver Eagles at $91 made sense. But silver climbed to a record $93.77 on January 14 before settling around $89-90 currently. That’s a 200% increase in basically one year.

The Mint temporarily suspended silver sales earlier this week to implement the price changes. Products started coming back online yesterday with the new pricing. The 2024 Uncirculated Silver Eagle that retailed for $91 is now $169. The 2023 version also jumped to $169 from its previous $91 price point.

To read more, go here

Friday, January 16, 2026

US Retail Investors Appear To Be Selling Silver

Above, Franklin silver half dollars. Photo by Armand Vaquer.

With silver's spot price recent big rise (it is currently around $88 per troy ounce at COMEX), people are selling rather than buying.

This is understandable. But should one sell now? One expert says if a person needs the money, go ahead and sell. But if people don't need the money, just hold on to it.

MSN posted an article on the recent spikes in silver's spot price.

They begin it with:

When silver prices spiked tenfold in the 1970s to more than $50 an ounce, many Americans correctly saw an opportunity and lined up at precious metals dealers to sell their old sterling silver. That proved smart since silver prices proceeded to collapse to under $10 an ounce in the 1980s.

Similar behavior may be occurring during the current silver boom, which has led to a tripling in silver prices to over $90 an ounce over the past year. That includes a nearly 30% gain so far in 2026 as new price records have been set.

It isn’t easy to generalize, but two coin dealers tell Barron’s that retail investors are heavier sellers than buyers, and it appears the outsize silver gains are being driven by institutional investors and overseas buyers in regions such as Asia.

To read more, go here

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