3 votes

One More Question On Silver

Is it possible or does anyone know of a smelting company that sells directly to an individual?

I'd like to buy directly from a silver supplier for raw weight but I am not certain if it's possible.

My theory is ; I could buy at lower prices in higher volumes.

Any info would be helpful

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Dont buy Raw

I agree with the other comments advising against buying "raw" silver or silver ore. Keep in mind that there are two sides to the transaction to consider. Saving money when you buy but getting a worse price when you sell nets you less in the long run.

If you ever need to barter or trade your silver, far fewer people will be willing to buy ore, or unmarked silver.

In my opinion, the cheapest reasonable way to buy silver is to purchase silver rounds, which are basicall non-monetary coins. Yet for a few pennies more per ounce you can buy legal tender bullion coins, which are far more liquid and easier to sell. Stamped and registered silver bars are possibly a few cents less in bulk but will again, be harder to sell or trade.

Personally, I purchase silver bullion coins through Fidelitrade and it gets delivered via Fedex. I have found them to be a reputable company but don't take my word for it ask around the DP and other sites for additional recommendations.

You are smart to be buying silver so it sounds like you are on the right track already.

If you're talking about buying ore or 'unrefined silver'

You'd better be ready to take delivery by the ton, but I wouldn't recommend doing it.

Watch a couple videos about silver mining and you'll find that only about 30% of silver is even mined directly. The rest is found as a byproduct of other-metal mining.

Even if you hooked up with a direct miner of silver with really silver-rich ore, there's no way they could really guarantee or even estimate how much silver was in a particular truckload. And by the time the silver ore is 'halfway' refined there's been so much heat added that it only makes sense to continue refining and make either 1-oz rounds to polish and sell, or 100 oz bars to sell to another mint for making their own 1 or 10 oz rounds or bars.

Good luck!

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I recommend pre 1965 halves,

I recommend pre 1965 halves, quarters, and dimes. Personally, with all of this counterfeiting going on (gold bars filled with Tungsten), I'd stay far away bars and anything bigger than 1oz. I'd only go with something easily recognizable.

Here's where I believe silver is headed...


― Ron Paul


I'm doing the pre-65 approach, but was wondering if I could explore making arragngements with a reputable smelt to increase my silver ownership at a reduced cost

I wouldn't fool with. When

I wouldn't fool with. When SHTF, you would likely have to discount anything people didn't have confidence in or 100% know the value of. Any premium in say pre 1965 silver and american eagles...you normally can get right back out of it.

Also when things go crazy, those premiums can explode.

― Ron Paul