Fred wrote:I think ide like to collect this stuff I really like looking at them and maybe an investment but--- can you trust buying this stuff on Ebay
How do you guarantee your collecting proper stuff and buying proper gold. Im fearfull of bar gold too,--- strongly believing suggestions that a Kilo bar could quite easily have steel or lead inside.
I saw Pawn stars buy some on TV he drilled a hole straight through a big bar of gold to check it
![Really? :blink:](./images/smilies/icon_blink.gif)
I mean he must have drilled out 5,000 dollars of gold. He even took it out of sight of the owner to the workshop. Im sorry I don't work like that.
Also are you buying face value or is decoration extra.
There is an element of faith buying from ebay but as I said you buy from dealers who have been around a while, have a lot of transactions and really high feedback scores, and you'll be fine.
And if it sounds too cheap, there's a reason.
I don't think any of it is a real good investment, but I think it would be pretty unlikely that it would lose anything long term too. Some premium over spot price is to be expected of course, but some of these specialized things get pretty pricey. The idea being that as they go out of production they get more valuable, if limited run and something people liked. For example there are many bars and coins produced in the 70's and 80's that are hard to find now because they have all either been scrapped when silver was high or hoarded by collectors, and they will go for $50-$80 (for a 1 oz piece) and more, depending on what they are. I don't care so much about that...I just buy certain things that appeal to me, if I can afford it. If they appreciate, wonderful.
If I were serious, I'd do like BTT and just buy as close to spot as possible and park it. Right now silver is around $18/oz, about $21 is as cheap as you're likely to find a bar or round (online anyway...an actual local coin store might beat that). Lotta ebay sellers have great sounding prices, but their shipping is high. I like places with free shipping, so the whole cost is readily apparent to me.
There's different ways of finding out for sure what you bought. Some are non-destructive but costly (I'm told) like XRF...uses a focused x-ray beam to excite the metal and make it give up a signature that tells exactly what it actually is...
When I started buying, some of the first stuff I bought from silverage2013 (the Chinese seller) was those 1 gram bars in sets of 30. The idea being that since there was 30 pieces and individually not worth much, I could destroy one out of the first pack and see if he is on the level about what he sells. Actually not destroy, but deface permanently. It's still silver...
Silver reacts to bleach with a vengeance. Dipped my sacrificial piece into it and it flashed to black instantly. That means it's at least 90% pure or better, lesser alloys will blue or brown but the deep black and quickness it turned seems to indicate it is likely .999 or very close to it. I'm comfortable with that.
When I read his stats, he has like 98.5% out of thousands of transactions...looking at the negative I saw first that several of them were people that for whatever reason were unfairly piling on multiple complaints about a single transaction, which skews the numbers...there was like 5-6 people/transactions accounting for dozens of negative feedback ratings...he attributes them to a competitor trying to keep his score down, and I have to agree that is likely. The Chinese play dirty like that.
![I might be trolling :evil:](./images/smilies/icon_evil2.gif)
Then if you disregard those, there are several others that made unfounded accusations that the silver was fake or sub-par, to which he responded by telling them to have it tested by XRF and if it was not what he claimed he would refund it AND pay for the testing...which of course nobody took him up on. The remaining were just things out of his control, lost/stolen in the mail, etc...people that thought he should replace it for some odd reason...