Name brand silver premiums
I have noticed that some PM dealers have different prices for what seems to be the same thing. What I am seeing is one price for a one ounce silver bar from a producer named Silvertown for $ 30.87 and another from Johnson- Mathey for $31.07 and another from Engelhart for $ 32.37. There must be a good reason for the difference but I am not sure what that is. Could someone explain the advantage of buying one over the other? Thanks in advance.
Johnson-Mathey and Engelhart art the name-brand bars. They probably charge more because they are more likely to be easily re-sold and less likely to be questioned. I think they have serial numbers.
I have never heard of Silvertown, but I bet it is more like Northwest Territorial Mint or APMEX house bars. They are probably good but maybe less easily traded to people who might be paranoid about whether they are real or not.
I also think that one or both of Johson-Mathey and Englehart may no longer be producing bars. That may add some scarcity or collector premium.
If you want to just get silver at the lowest mark-up you should buy the house brands as long as you are dealing with a reputable dealer.
If you are concerned with being able to easily sell the bars later, possibly when things are moving fast or markets are confused the name-brand bars are probably a better choice.
If you want to have some silver to trade for supplies if things get really bad then probably 90% silver regular coins (pre-1965) or silver eagles might be better because the average guy may recognize them where he might be suspicious of a bar or round.
Storage space is yet another issue…
If you have the space I’d suggest adding 90% silver regular coins (pre-1965) or even some silver eagles as they are in small enough denominations that you can easily use them without the WOW factor of using a valuble Gold Coin.
By having many different types of coins you can “pick” the coin to fit the purchase without the coin being a big deal…
Try to look at their service procedures how they are doing, mostly in many businesses price competition always matters, other offered lower but some has higher one. And also depends on the company name they bears for their business, if they are well reputable and known more, expect the high cost value. For more info I suggest that you research their business names online and check what was their business name advantages and why they offer that different from each other…
The business competition isn't always fair, and you can see that when it comes to their price despite that silver should have regulated actual cost and market selling value. The price may vary according to the brand and business name. Sometimes, luxury brands sells much than of those middle class despite they have the same quality of silver. According to branding firm such as http://eatmywords.com/, there is always a fair side with branded products, as they are genuine than of those not. So when you buy one stuff with higher cost, expect that they are authentic.
Meet Alexandra Watkins of Eatmywords.com, she is good and expert in providing businesses a good name suggestions and trademark slogan or taglines, this site http://eatmywords.com/services/taglines/, is one of those unique suggestion list for branding. See Alexandra Watkins profile page so you can know more about her.