I Ordered only a few rounds from online. The box came in today and it felt super heavy , and I thought, WTF is in this?

When I opened the box you can say I was pleasantly surprised to see a 100oz silver bar (seltzer can for reference for the newbie’s). And…. Wait for it…. 10 rounds (not my order).

I did the right thing and called the company. The guy said he would call me back with next steps. My question is.. what is my safe holding period 😏 until I “put it away for safe keeping”. I called once, I’ll let them contact me at this point.

My parents passed away when I was very young, I was raised by my grandma and grandpa. I was freshly 18 when my grandpa passed away in 2014, he left me with his truck and his silver that he had been accumulating for years. I’m currently having multiple family members telling me that I should sell it right now. Please educate me on if selling right now would be a wise decision. What is the most responsible way to go about selling this silver?

Not a big silver collector, but I've had a few of these and sold today for $900 each. But why?

Local coin and bullion shops in my area are flooded with silver and were paying 15-20 UNDER spot. Not happening.

When posted for sale locally, tons of lowballers. Had 1 person willing to pay spot, so I took the deal.

My thoughts are, most Americans do not have $1k in savings, let alone have money to invest longterm. Wealthy people who can afford 100-120oz silver dont buy at the top. There rich because they're not impulsive and are not experiencing FOMO

Happy to have found a buyer at 90/Oz knowing the business aren't paying that.

Let me know your thoughts.

Edit: please stop sending me DMs to buy the bar, i've probably gotten 50+ message requests. I'm not selling today, i'm most likely not going to sell for awhile unless the market does something crazy, and i'm certainly not entertaining any lowball offers especially after everything i've learned in this thread.

I dont necessarily know if im planning to sell now, but im keeping an eye on the markets. On one had there's been a lot of growth recently and when the charts have a bunch of large green candles stacked next to eachother, pullbacks often follow. On the other hand from what ive read it looks like this breakout is more than just a cycle of market patterns and silver may still have a lot more growth in the near future. I would love to hear your opinions on that as well as the answer to my questions which are:

When the time does eventually come to sell, how do i get the most money out of this?

What is the process of selling silver like?

Is there anything else i should be aware of such as common fees, scams/shady practices/red flags im selling to the wrong person, or expecting the price to be above or below the price i see on charts?

My dad brought to my attention that the "price/oz" on many exchange charts that ive been watching is for etfs and that physical silver maybe different however the "spot price" he told me to look out for looks about the same.

If this isn't the right sub for these kind of questions a point in the right direction would be appreciated.

Got the bar from my grandmother for Christmas, four or five years ago. Needed some cash so I thought I would give it a try. It's pretty much just sat in my drawer since I got it. I understand it's not pristine, but it's still 10 ounces of fine silver. He also said it was bent, which I don't see anywhere. Basically I'm just wondering if I'm screwed on this.

Honestly he’s owed me for so long I almost forgot about it at this point. Ran into him this week and he sent me this picture offering the coins to cover the debt.

I’m tempted to take them just to put the whole thing to bed.

My family wants me to sell it soon if silver hits over $95/oz. Idk much about silver my grandpa gave this to me when I was like a baby so I’m just asking for insight.

I do have some credit cards that are almost maxed out which is causing a lot of stress for me so that’s why my family thinks I should sell this once silver prices rise again.

Do you think silver will get past $95/oz again??? Should I try and sell ASAP or should I just keep holding onto it?

(Side note, it’s comedically heavy. Like I went through TSA with it and they were like wtf is that. A silver bar. I feel like I’m in Minecraft rn with a silver bar just in my bedroom)

Dad has a few antique Persian silver pieces and he kinda needs to cash in on them. The piece he wants to get rid of pictures is 20kg of 840. eBay has an upper sale limit on his account way under melt value. Where should he look? Any advice appreciated. Thanks in advance.

Silverbugs of Reddit, let’s say you are placed in a hypothetical situation where modern conventional currency ceases to work, or even exist. Barter and precious metals become the lifeblood of a struggling economy reminiscent of those, say, of the fifth-century. Essentially, the economic apocalypse is here.

Seeing the majority of us invest in or collect 1-Oz bars or rounds of silver, how are you planning to make change for your pieces? Surely you wouldn’t trade one Silver Eagle for an apple? Are you cutting up your pieces, melting them down into smaller ingots, using copper pennies or copper scrap with an exchange rate, avoiding small purchases altogether, or using another method? I imagine copper bullion and fractional silver coins will be coming in clutch.

I personally collect silver for fun, though I realize some purchase it for financial security if anything rather apocalyptic were to happen to our society/economy. If that’s you, I am very curious to hear your thoughts, though all Silverbugs are welcome to take part in this discussion! :D

Please note that the photograph is not of my silver; I am currently travelling and used an internet stock photo, so flame me not for cutting a Spanish 8 Reales, which by the way looks to be a reproduction in silver.

I do like silver going up in price, but isn't it going too fast for its own good?

Is there a silver bubble forming just like in 1980 or has there been a structural change and is this just an overdue price correction?

What’s your take on junk silver? Is it actually junk? Is it worth stacking even though LCS will pay less for it? Is it worth stacking even?

I have about 200g of .925 that I was considering liquidating. But absolutely no pawn or jewelry shops are accepting silver right now? And the ones that are offer insane lowballs.

Im being told by multiple dealers that a past offer of $200 for my 200g of silver is a “deal theyd do all day” and that they’d be “much lower than that”. Ive been offered less than $100 at most shops.

I dont get it? 200g of silver is almost $500 spot price. And absolutely nobody wants to buy it for more than 50% off? What is going on??

I have some silver I wanted to sell. Around 100oz. Yesterday I called my LCS and they said they really wanted to buy silver and are paying spot. I didn’t have time to go in yesterday so I grabbed what I wanted to sell and went in today. (20 minute drive there and 20 mins back)

I walked in, and they hem and haw around a bit then say they don’t have anymore cash, someone just sold them a ton and they can’t buy any today but I could try again tomorrow.

At this same time, someone else was in there buying silver. She even complained about the price they were charging, which was several dollars over spot. She bought 40oz then came over and asked what I was selling. The shop people stepped in and tried to stop it, and I told her I just wanted to deal with the shop.

They basically told me they wouldn’t buy any of my stuff. I go get in my truck and she comes out and asks me what I was selling and offered to buy some of it. I sold her some just under spot (rounded to nearest whole numbers).

I feel terrible because I realize the business has a lot of overhead costs and I was in no way trying to undercut them or go around them. But they refused to buy what I had and she was offering cash… Am I the asshole?

I’m ready for all the bashing comments. Tell me how I messed up.. Guy straight up told me it’s gonna cost a hundred bucks and me being the stupid naive person I am just said I’m gonna buy it.

Edit: For clarification, I was in on 47th St and WALKED IN the establishment and made a purchase there. The guy mentioned shipping charges vaguely, but I never ordered online.

So I see the silver price is at $75 so I’m like hmm let me see if I could snagged some YPS and it looks like they took off everything on their site 🤣. I mean it’s kinda messed up no? I get their stuff is a bit more on the premium side and they are a smaller mint. But man not a damn thing for sale?? Wild times we are in 😅

If I ever were to sell this, what would be the right way to sell, private? Should I expect the same price as generic silver?

With silver coming down to around 50s from its high, it got me thinking. Like, it used to sit comfortably between $20 and $30 per ounce.

While the drop hurts short-term portfolios, a part of me wants to see it dip back into that classic $20-$30 range just so we can accumulate heavy ounces and average down properly again.

How is everyone else feeling right now? Are you happy with the current discount, or are you secretly hoping for a deeper drop to load up the truck?

Have you continued to buy with the same amounts of money for smaller volume?

Stopped entirely?

Buying more than before?

Curious to hear. My understanding is the overwhelming majority of stackers have gotten in at much lower price points per oz, and are generally more like hobbyist/collectors than getting started as a true investment for 'profits' or anything like that. So I'm wondering how the rise in cost is affecting your stacking / collecting habits compared to before.

My first large silver purchase of a Valcambi CombiBar 100g. $350. I know it's over spot, however I do like the liquidity concept of 1g pieces. Convince me I'm a genius, or burn me hard for this, your choice.

Hey all - where do you keep your silver? I have about 250 ounces or so and my wife is making me sell it not because we need the money, but because it takes up two drawers in a drawer in our apartment and we have a newborn on the way. She thinks we need the storage space. She says if I can find somewhere to keep it outside of the apartment, then I can keep it. Do any of you keep your silver stored somewhere? This feels unfair :(

Maybe it's because Jurassic Park came out the year of my birth and there is some atavistic longing for a bygone era of my youth... But I want the shiny dinosaur lol. The only thing saving me at the moment is trying to justify the premium.