Dear Bob,
Where would I buy junk silver (pre-1964 coins)? Getting very concerned and want to be prepared for when the $$ loses its value. Is this the best way to go?
Wayne Goldsborough
Dear Wayne,
The best place to buy is from a local coin dealer. Be sure it is a reputable dealer who has been in business for a number of years, and check with the Better Business Bureau for complaints against the company. You can buy a full bag ($1,000 face value of coins) for around $12,500, depending on the spot price of silver. You can also buy half bags $500 face value or quarter bags $250 face value. For privacy purposes, pay with cash if possible.
There are also online stores that sell them, as well. Be sure to thoroughly check them out. As of today, full bags are selling for slightly less than $12,500.
Best Wishes,
Bob