Where do You Buy Silver Coins?
Around a month ago i stumbled upon a Silver coin that i had actually forgotten i even had it. It was a silver coin i have bought over 5-8 years ago through the Bank of Greece. I bought it for around 30-60 euros and now it's worth around 90-110 euros so it was a good buy. For more info about the coin read my relevant post
I may have another one somewhere but i need to do some digging. Anyway, i have seen many relevant posts with people sharing their silver coins and that got me thinking, where are you all buying those silver coins in order to have some sweet profits as well?
Banks
The first thing that came to my mind is the place where i bought my coin as well. For me, that i have no idea about silver coins, the bank that issued the coins at a set price was the safest choice. Not only in terms of paying the minimum price at that time but it was also a safe choice because i bought the coin directly from the bank ensuring the credibility of the coin that way.
Coin Shops
Another way of purchasing silver coins is through a relevant coin shop i guess. On one hand, i believe it will be a credible option, i highly doubt that they will risk their reputation and sell something of bad quality or fake. On the other hand, though i don't know whether one can find an awesome opportunity as the owner of the shop need to have a profit as well. In other words, if someone buys at a coin shop i believe the purchase will be more of a long-term hold.
Facebook Marketplace and Ebay
Ebay or Facebook Marketplace sounds a good way to find rare and unique coins at affordable or relatively cheaper prices. At the same time the whole process is a bit trickier and ofc you will find many fake coins as well. I did a quick search on Facebook marketplace in my country and all the silver coins i discovered had more expensive price tags than the set price issued by the bank for example.
I get that the sellers may be people like many of us that simply bought it let's say for 20 and want to sell it for 30 or 40 and enjoy some quick profits. For someone that can't find it anywhere else and has a long-term plan, it's a good opportunity but for someone that is looking to find unique opportunities cheaper than the original price, it's quite hard.
Hive
I have seen people purchasing silver coins from other Hive members and pay either with Hive or HBD, which is super cool in my eyes but ofc there are risks to it too. I don't know if these sellers can find good deals for their buyers or if it's simply the fact that you can pay Hive or HBD that makes the buyers more yolo but as i said it's pretty cool.
I can only think of 2 risks that aren't quite big ones. The first is to buy from someone, pay and get ghosted or something which can happen if you buy from someone in here with zero to no presence. If you buy from a guy that made 500-1000 posts, is quite active and has done it before i don't think you will have any issues. The second risk is that if you pay with Hive and not HBD someone will regret it if the prices fall or increase in a couple of months which is something that you have to take into account beforehand.
So my question to all of the veterans is where do you buy your silver coins? Are you searching for cheaper opportunities, for set prices, or you are buying through banks or well-known coin shops and simply holding long term?
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