Is 50 cents over spot a pretty good deal on silver?

Discussion in 'Silver' started by goldfinger, Apr 2, 2015.

  1. goldfinger

    goldfinger New Member

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    I saw this this morning, and thought it was a pretty good deal. The lowest I remember paying a big dealer was 65 cents over, but that didn't last very long.

    http://bullion.nwtmint.com/specials.php#50cents?cid=435

    "DIRECT FROM THE MINT PRICING AS LOW AS 50c PER OZ OVER SPOT!
    At Northwest Territorial Mint, WE ARE THE MINT YOUR DIRECT SOURCE FOR SILVER!"
     
    goldfinger, Apr 2, 2015
    #1
  2. DanielM

    DanielM Active Member Silver Stacker

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    Is this just cheap advertising? Or just rubbing it in our noses?
     
    DanielM, Apr 2, 2015
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  3. goldfinger

    goldfinger New Member

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    Well, I prefer to mine and mint my own silver when I've got the time. :)
     
    goldfinger, Apr 2, 2015
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  4. sterling-nz

    sterling-nz Well-Known Member

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    It is not a bad deal.
    But looking at the prices i see that you have to buy 200ozt at a time to get the 50c over spot.
    This is just an advertising gimmick.
    It is true that you can buy for 50c over, but i am betting most here are not buying in 200ozt lots.
    If you are buying 1-49ozt it is still the best part of $3 OVER SPOT

    EDIT: In fact looking at it again spot is $16.75 and with and order of 200ozt+ you still pay $17.37.
    So it is not even legit advertising as this would make it $0.62 OVER SPOT
     
    sterling-nz, Apr 3, 2015
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