First test material ordered

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I just ordered the first shipment of silver source material to use for the first round of testing. With the price of silver in FRNs being near a year low at around $11/ounce, now is probably a great time to buy. However, this source for the milled silver has a markup of over 40% above spot. I think its worth it, just to be sure of the quality. There's also additional charges for shipping, so the markup is approximately 50%. Hopefully the markup will be lower for larger orders. I asked the company if they had it in stock, and they said they did - no problem. The person I spoke to did mention that they had heard about others having trouble getting the physical silver though. Anyway, once we receive the stuff, we can do more testing. Maybe we can have product finally shipping by the holiday season. It feels good to be making progress!

3 Comments

Re: First test material ordered

How much did you buy? And from where? Yesterday, when Silver spot was ~$10.50, I wanted to buy some generic rounds and oblongs (and possibly Eagles and other coins, but I also want 1/2 and 1/4 ounce coins), but I went to a coin store near me and they only sold numismatic stuff. 

I'm new to NH. Can anyone recommend where to buy such silver? Soon. :)

Thanks .

 

PS: The line breaks I'm entering are not displaying in the preview, so this post appears as one big paragraph. 

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Re: First test material ordered

OK, first thing: I just now noticed the 'unapproved comment'. That's now fixed, and you should be able to post comments freely without needing them to be approved. Second, thanks for reminding me to fix the "input formats" that determine what HTML codes work in posts/comments. Third, I bought a sheet that is about 10 ounces. I bought it when spot was right about $11. Currently, as I write this comment, spot is $9.55! I have no idea how much lower it will go, but making a bulk buy at the bottom would be awesome if we get lucky enough to do so. As far as buying from local merchants, I personally have only used Bob's Coins in Manchester. I've heard good things about them and my one experience with them was good.

Re: First test material ordered

Thanks for the info. I had purchased some silver since leaving that message, but now that it's dropping again I'll be buying more. I'll check out Bob's Coins in Manchester, but I also found a couple online merchants that look good (APMEX and Northwest Territorial Mint).