Buying Gold and Silver Below the Spot Price
It is possible to buy gold and silver coins below spot price. The spot price is the price halfway between the bid price (dealers offer) and the retail price (you pay).
You can also avoid paying shipping and insurance.
You can also deal in cash -- no ID required, no paper trail. In fact, cash is preferred.
The secret is a local pawn shop. The shop may have taken in coins from some poor soul who became even poorer. This could have been a year ago.
A pawnshop is not frequented by people who are active investors. So, the coins may be sitting in a glass display case or in a steel cabinet. The owner has money tied up in coins. He prefers money to coins . . . at some price.
Why doesn't he just sell the coins to a dealer? That, I cannot guess. I used to own a pawn shop. The smart strategy is to sell the coins to a dealer as soon as the lending period runs out.
There are times when owners will bargain. Again, I can't fathom why, but they do. You have money. They want your money. They don't call a coin dealer.
While you're there, you may spot other items, such as tools, that are in good shape at a low price. Not everything gets sold on eBay. Used items are very often priced best at a pawn shop.
Read John Schaub's book, "Buying Right." Then start practicing at a local pawn shop. (John moderates my site's real estate forum. He is an expert in real estate investing.)
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