Reddit's silver "apes" now targeting silver, opportunity or fool's gold?

[QuarterMillionMan]

Today I rec'd my order of 1 roll of mercury dimes (50 coins). Only 1 problem the small flat rate USPS priority box was empty. It required my signature and even the mail carrier said "I think nothing is in the box." Upon opening the box in deed nothing was in the box. I contacted the dealer who requested that I take pics of the box to ascertain that the box was not tampered with which seemed untampered. I'm hoping the dealer either refunds my $350 or sends me the mercury dimes. I've made many purchases from this dealer and never had any problems.

[james.hendrickson]

Today I rec'd my order of 1 roll of mercury dimes (50 coins). Only 1 problem the small flat rate USPS priority box was empty. It required my signature and even the mail carrier said "I think nothing is in the box." Upon opening the box in deed nothing was in the box. I contacted the dealer who requested that I take pics of the box to ascertain that the box was not tampered with which seemed untampered. I'm hoping the dealer either refunds my $350 or sends me the mercury dimes. I've made many purchases from this dealer and never had any problems.

QMM - do you think somebody stole from the dealer? The price of silver is at all time highs, so maybe someone figured they'd make a fast buck ripping the dealer off.

[QuarterMillionMan]

I'm hoping the person who packaged my order mistakenly forgot to put in my 1 roll of mercury dimes and the dealer maybe has video evidence of it and can subsequently reship another order to me.

[QuarterMillionMan]

Gold is parabolic. About 2 months ago when gold was $4500 an oz, I intended to buy a 1 oz bar but figured to wait for a pull back to maybe $4200, but gold never pulled back and today is $5300. I regret not buying at $4500.

[QuarterMillionMan]

Gold & silver had a flash crash today and COMEX suspended trading during that time. It always seems like the system is rigged somehow. But it does make a good buying opportunity. I missed the gold drop from $5600 down to $5100, now it's $5300. Debating if I should pull the trigger on a 1 oz gold bar.

[myrdale]

Today I rec'd my order of 1 roll of mercury dimes (50 coins). Only 1 problem the small flat rate USPS priority box was empty. It required my signature and even the mail carrier said "I think nothing is in the box." Upon opening the box in deed nothing was in the box.

Personally I think I would have held off opening the box, being that it is what it is (something that should have been at least a bit heavy).

I don't understand the suggestion of someone stealing from the vendor. Either he put the coins in the box or he didn't. Either someone broke into the box in shipping or didn't.

[QuarterMillionMan]

Good call myrdale, I panicked at the time and wasn't thinking straight.

[QuarterMillionMan]

In 1 day gold went from $5600/oz to $4880/oz. I will be buying a 1 oz bullion bar at this price but will wait until the market opens on Sunday to see if it drops even more.

[QuarterMillionMan]

As I mentioned above that I'll be buying but not the 1 oz gold bar as I said before. But instead I got a 10 gram bar and a roll of Franklins 90% silver for a total of $2112 which satisfies California's no tax on precious metals over $2000 in a transaction and Pinehurst's free shipping on $199 or more. With prices still dropping I figure on buying smaller pieces and should the prices continue to drop, I'd make another similar purchase such as this. BTW, 31 grams = 1 troy ounce. A lot of dealers are out of stock on supplies due to buyers of FOMO lately but I think some people sold at the height when gold was $5600 an ounce so in time dealers should have more supply.

[QuarterMillionMan]

.999 fine silver rounds are selling for $5 - $6 over spot. SAE (silver American eagles) have a $10 premium over spot. About 5 years ago regular silver rounds (not SAE's) had a $15 premium over spot. About 3 years ago regular silver rounds had a $1 premium over spot. During that time I bought about $1500 worth of silver rounds when silver was about $25 an ounce with that $1 over spot (very good deal). I want to buy more silver but having difficulty fathoming $5 over spot price.

[james.hendrickson]

Dang QMM, thats like $100 buck per ounce. I would have a hard time paying that also...

[QuarterMillionMan]

My next order arrived from the same dealer of $770 worth of 10 Morgan 90% silver dollars in a small flat rate USPS box which felt like nothing was inside. I did not open the box as myrdale recommended this time. I called the dealer who put the manager on the phone who checked their video and the packer put the coins in bubble wrap and sealed the small flat rate USPS box. Today the mailman knocked on my door and I signed for the box which felt very light and nothing seemed inside. The manager did a face time call which she recorded as evidence and had me open the box which had a small slit where the flap could be neatly open and closed and contents removed. The bubble wrap was inside the box but the coins missing. I hope someone goes to jail to this shenanagans. I also have a claim for the 1 roll of mercury dimes 2 weeks ago that I never got from the same dealer and possibly the same USPS employee stole it too.

[kork13]

My next order arrived from the same dealer of $770 worth of 10 Morgan 90% silver dollars in a small flat rate USPS box which felt like nothing was inside. I did not open the box as myrdale recommended this time. I called the dealer who put the manager on the phone who checked their video and the packer put the coins in bubble wrap and sealed the small flat rate USPS box. Today the mailman knocked on my door and I signed for the box which felt very light and nothing seemed inside. The manager did a face time call which she recorded as evidence and had me open the box which had a small slit where the flap could be neatly open and closed and contents removed. The bubble wrap was inside the box but the coins missing. I hope someone goes to jail to this shenanagans. I also have a claim for the 1 roll of mercury dimes 2 weeks ago that I never got from the same dealer and possibly the same USPS employee stole it too.

That's pretty wild. Have you filed claims with USPS yet?

How are the boxes labeled (ex: from "Silver Dealers 'R Us"? Or more subtle like "Turner Inc."? We're the packages fully insured with USPS for their full value? Sounds like they had a "signature required" delivery, were they registered mail? All of these (and others) can be indicators of something valuable inside.

In any case, somebody's got a bead either on you or on the dealer. My guess is the dealer.

[QuarterMillionMan]

GECE abbreviation was used. Signature required. I filed a missing mail claim on USPS. Add another kink to the onion layer. GECE insured each USPS box for $100 each. 1 roll of mercury dimes was worth $313. 10 Morgans were worth $772. My next upcoming order from Pinehurst coins for $2112 worth of gold/silver was supposed to be shipped with the same USPS flat rate small box. I just called them and upgraded my shipment to FedEx for $29.

[QuarterMillionMan]

Got my 10 gram Valcambi bullion today paid $1580 for this 1/3 of an ounce of .999 fine gold.