Topic: Buying silver @ spot for BTC or LTC - PM ME (Read 6022 times)

update

Pretty much. The same can be said for cryptos, but the difference is crypto has more utility, liquidity, and speculation. The fact is ultimately they are both a store of value and they don't really rise, everything else falls. So in the end for me it is really about diversifying my assets than having a store of value. A "don't keep all your eggs in one basket" type of thing.

It's funny, people keep saying to keep piling into silver/gold for their inevitable rise. You diversify but it's more as a store of value, right? Such as keeping the approx. same purchasing power and not being diluted due to inflation?

Sorry about the delayed answer but it's summer time

Yes, I bought them from eBay but I don't the list of sellers now. However I can tell you how I catch that there are fake bars - by volume! As all ordered bars was 1oz, they all should have the same volume (W x H x Z). But then some came with a higher or smaller volume from previous and this raised my suspicion.

Than you and for the advises how to test it.

That is a good reason to cash in your silver for some cryptos... I am just doing it to diversify. Crypto is growing much faster than silver. Take advantage.

I wish they would quit SLAMMING the silver price.  Its hard to decide spending money on silver or cryptos....

This is interesting! something a lot of people may not know about, thanks for posting!!

There are a few things you can do to test, and I use multiple methods. It can often be simple to fool one test, but if you use multiple tests it gets much harder. BTW where did you buy them from? eBay I assume? Some pictures would be appreciated if it is not too much trouble. I like to know what the recently circulating fakes look like.

1. Try to buy from known trusted vendors.
2. Know what legitimate bars/rounds look like
3. Know what the genuine coloration/finish looks like
4. Check weight, anything significantly higher or lower than the stated weight is a bad sign
5. With acid tests it is best to sand down an area to make sure you are not just testing a silver plate. Many acid test kits include a block with which to do this. You can test what you scratched off directly on the block.
6. A simple test you can do is place an ice cube on your silver and see how long it takes to melt. Since silver is highly conductive it should melt very fast. You can compare with a bar you know is silver to know how long it should take
7. Check the tone of the sound it makes when it is tapped with a hard object. Real silver has a very distinctive ringing tone
8. Silver is diamagnetic, this means it will create an electrical field around it when it comes into contact with a strong magnetic field. If you run a strong neodymium magnet over your silver you will feel resistance as you pass over it. Be aware other metals are diamagnetic as well, so this test alone is not proof.

There are more, some are simple, some are expensive. Do a little research and you will find there are plenty of ways you can simply test your bars and rounds to be sure they are real.

I'm curious how do you authenticate the bars you are buying?

As few months ago I bought 7 silver 1oz 999 bars from different locations. And i ended with 5 nickel! All of the nickel bars were perfectly coated with 1mm 999 silver and tests originally reacted to silver.  Then just when i start having some suspicions due to bar's size, re-applied test at the same spot few times shown that the bars are not silver.

PMed

I have like 16 generics if you are still interested.

Thank you, I will.

The main point of the post was so I could track this thread. Hope that's okay with you. I only have a few bars to sell, not much, but you are correct I could make the amount back pretty easily. I'll keep it in mind.

Sure, you could do that, but I might not be buying then. Additionally the way Bitcoin is moving you should have plenty of opportunity to make up that small loss. I am only buying silver to diversify my holdings and don't expect it to rise dramatically any time soon (unlike Bitcoin). Let me know if you change your mind.

So, I want to sell silver to you, but I just realized over the past 8 months, silver has really dropped in price.

Once (IF) it raises back above ~$19/oz I'll contact you. I would like to get a few off my .99/.9999 bars hand.

PMed. For future reference please refrain from posts above spot price unless you have something of significant numismatic value. The title says spot price, I mean spot price.

I have 90% Washington Quarters and Roosevelt dimes - somewhere around $50 Face Value.  Average circulated condition.  I would sell at 13.6 x Face Value plus shipping.  Offer good with silver below $18/ounce

I would not ship first so please review my history and trust to decide if you are comfortable with that arrangement.  I am also willing to use OgNasty, minerjones, or Zepher as escrow but you pay the fee.

I own a Sigmametalyics Precious Metals Verifier as shown in my post history and this photo:



The Sigma tests US 90% well (gold shown in photo)

Edit to add, I also have the 10 oz 0.999 Fine Silver bar shown below.  I would sell at spot +0.50 / ounce



PM if interested.

Cheers!

PM sent.

I have a 1964 JFK Half Dollar which is 90% silver.
The coin itself is in good condition [not graded] and is tarnished.

I have a sterling silver bracelet which I no longer wear. weight = 22g

I have an 18ct gold ring which i traded for a U.K "Half Crown"
about 20 years ago and is damaged and which my fingers have outgrown. weight = 0.10oz ?

I also have a silver tie pin weight = 0.05oz ?

Images available if interested


EDIT June 06, 2017, 09:59:39 PM: Erm I think my post might not be what you are looking for
in relation to the jewellery but I'll leave it up anyway. Apologies in advance

Sure, send me a PM of what you have. Thanks.

lel what? Anyways OP are you still interested in purchasing silver for BTC?

I understand. If you change your mind I have a few KG bars and some 10 oz bars available now and can get more if needed.

Bitcoin is in far more demand than silver. The profit potential for BTC is greater than that of silver, making spot price more than a fair deal. Save us both from wasted time and refrain from offers above spot, because I am not interested.

I can sell to you but its going to be ABOVE spot. not below.

It depends, I am less interested in .925 and more interested in 90% coinage or .999+. Either way even if I am interested as the title says I am paying spot price.

how much are you paying for 925 silver?, its hard to find 99% now days.

pricer / gram ? .

Fair enough :-) I hope you find a good deal that works for you.

I am interested in Eagles, but at the title says at spot. BTC is rising rapidly which more than makes up for any premiums. Frankly I am taking a loss in growth opportunity in order to diversify my holdings, and at that price I could buy them with cash anyway from a reputable dealer (probably cheaper).

I am not interested in using escrow, it will not protect me in the event of fake metal, and I have completed many large PM trades without escrow already without issue. Additionally the ability to return possibly fake coins is a requirement. I don't know you, nor do I know who you bought from. You might be honest but may have purchased fake coins unknowingly and not want to face reality when I take a look at them.

If you don't want to accept returns then I might as well just send money upfront without escrow and hope you don't rip me off. I have been trading here for 5 years, been entrusted with thousands in value, and completed hundreds of trades every time honoring my agreements. See my trust history and ask them yourself.


I am the original owner of this account.

Are you interested in Eagles @ about 19.25 per? Several hundred available. We must use an escrow which I will pay for.
But I would not accept returns (you wouldn't need to, they would mostly be right out of my monster boxes and genuine)

Are you the original owner of this account?

Sure, PM me with what you want to sell.

interested in pandas? i'm selling a bunch. random years.
would rather sell all at once to you if you are interested

Sill getting a lot of people PMing me, but they seem to forget/lose interest when we actually get down to it, as a result I am still buying. PM me.

Both the price of silver and BTC are locked in the day of shipment. So basically we make an agreement and if you ship it that day I will honor it when it arrives. Please PM me to discuss further. As for the markets used, I use the current Kitco Silver market price at the time of agreement, and Bitstamp.

How much are you looking for?  I have both gold and silver.  I have 10 oz bars of silver and 1/10 oz gold, 1/4 oz gold, 10 gram, 1 gram, 1/2 oz etc

All of it is stamped and either Eagles or APMEX, RCM etc.

Also, are you using London Fix or Spot at opening or closing?  

Will the price of both the PM's and BTC be locked at the time the deal is made or when it arrives to you?

Thanks

What? If you want to make an offer PM me.

Still buying. If you can beat spot price I am especially interested.

Got it

Thank you!

No hand pours please, only factory marked silver. Thanks.


USA

I have some gold and silver. Should be worth about 50 BTC at the current prices of BTC. Where are you specifically (so I know if you're able to buy off of me).

Hi,

I have a myself poured 99.99% silver bar. Around 150g

Interested?

Still looking, who is up?

traded some silver for btc thanks

What's the most number of ounces that you're interested in?

I may also be interested in gold coinage if it is for the right price. Last call for now, I am willing to make 1 or 2 more buys. Any one else?

I am currently buying silver at spot price for Bitcoin or Litecoin at current market rates. I am interested in any 90% US coinage, or other .99-.9999 purity silver. I prefer 1 ounce rounds and coins but will consider others.

I DO NOT ACCEPT SHIPMENTS DIRECTLY FROM DEALERS/RETAILERS DUE TO POTENTIAL FOR FRAUD! If you want to purchase silver retail, it must me shipped to yourself then reshipped to me. Anything shipped directly from a retailer will be returned and no payment rendered.

I expect you to send first so I can verify the authenticity of the metal before paying. I will do this the same day of receipt and prices will be set beforehand at the time of shipment. I am located in the USA. I reserve the right to return the metal via a method of my choice at my expense. Please take a moment to review my post and trust histories. I have hundreds of trades completed, thousands in value entrusted to me, and all obligations met over my 6+ years of trade history. Please PM me to discuss.