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 Replies: 82 / Views: 6,380 |
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Pillar of the Community
United States
4897 Posts |
 Quote:
Why any dealer would sell them for less than the wholesale for large quantities is puzzling to me.
Well said! Edited by amida17
12/25/2011 7:59 pm
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Valued Member
United States
113 Posts |
When, I ask some dealers what they pay for bullion I end up saying, "yeah, I'd buy it at that price too." maybe I'm spoiled but I could trade my silver for gold or vise versa (whatever was more favorable given the GSR) and get 97% for the gold or spot for generic silver or spot plus a $1 for ASE's. This was from a private dealer that traveled around buying up other peoples' collections and selling them pretty quickly. |
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Rest in Peace
 United States
9104 Posts |
And didn't have the $30,000 a year overhead of a shop.
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Pillar of the Community
United States
3670 Posts |
I have found three things/genres that sell like nobody's business.... 1. Pm's, but then a good amount of you knew that before I was even conceived... 2. Lionel train sets. One of the most recognized NAMES over 100 years... 3. Die-cast rare Asian Godaikin or Popy robots, esp MIB form the early 70's or 80's. Like Voltron, or Golion as he is called on the other side, lol.... http://www.ebay.com/itm/38039656106....m1438.l2649That seller above who looks like an estate sell liquidator had no idea what precious metals they stumbled on when he found five or six of these robot sets. The starting bid of just over 1600 dollars has drawn a bid by the way, so not a pipe dream high priced listing, even though it is no doubt WAY high priced.... What do all of the above have in common, they are all composed mainly of metal. Things made of metal last way longer and hold their value far longer, then things composed of plastic for example.... So I plan to buy a piece of silver, then a train set, then a robot set for most of the first half of the new year, and then I repeat that process over an over. Backed by money made when the boating summer business shows back up where I bar-tend.... Most would say, PM's are the best angle. Why not focus on them 100%, and that is because I like variety. And I took the time to research each market for the three, via a large chunk of invested money last year, and had no problem moving any of the fore mentioned when I needed to sell.... A SHTF situation changes everything however. As ONLY PM"S would be profitable and smart to own at that point. So I take a HUGE GAMBLE by not going PM's only, especially with the economy in the current hanging by a thread state it is in today.... Edited by Silverhawk74
12/26/2011 4:04 pm
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Pillar of the Community
United States
2168 Posts |
Lionel trains from the past are great to have. My father had hundreds back in the 60s. Many were even in the orig boxes when he died. My brother sold so many of them. I only have a few but glad I do (as well as buildings bridges and other train stuff)
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Pillar of the Community
United States
3670 Posts |
Very cool Angel that you still have some of those old sets an buildings, as I am sure they have much sentimental value being owned by your father, and having so much family history tied up in them....
I fear the Lionel collectors will fall in numbers when all the baby boomer generation passes on, as I am just not convinced that this new generation will see the interesting collection factor. Of course, they will always be railroad workers who appreciate them, and many from my generation or the next who share that family connection you spoke of Angel....
Edited by Silverhawk74
12/26/2011 5:55 pm
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Pillar of the Community
United States
2168 Posts |
Yes I see what you're saying. I guess all we can do is try to instill in the little ones a sense of wanting to keep things for a sentimental reason. It seems there is so much 'stuff' these days and so much is plastic and dispOsable not much attachments for a special toy. I saw all my grandson received for Christmas. While I did get a few toys my big gift was one of those 5 oz silver coins that he wanted to put in his bank! Only 3 and wants to save it!
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Pillar of the Community
United States
4008 Posts |
Quote:
Why any dealer would sell them for less than the wholesale for large quantities is puzzling to me. I dunno, Fredd. Maybe they consider it as a loss leader? Maybe they only sell at this price to their very best customers? Hard to say for sure. Anyway, it is a better deal than I can get locally and I am very JEALOUS!  |
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Pillar of the Community
Canada
1502 Posts |
Quote:Charging $1.50 over spot for an ASE is a VERY good deal. The dealer must either have a very good and cheap source for the ASEs, have bought the coins at much lower prices, is selling tubes at a time as oppose to single coins, is riding on steep increases in spot, or just don't care to make any money. |
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Pillar of the Community
United States
2168 Posts |
I honestly think it is volume on both selling and buying. Plus he sells collectible coins as well. There is about and 8 percent spread on the junk silver. I'm not sure exactly what they pay for an Eagle since I have never sold any. I think the 3percent over spot for someone to purchase at current spot is not bad since its less than 60cents per oz
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Rest in Peace
United States
9104 Posts |
3% of roughly $30 is 90ยข.
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Pillar of the Community
United States
2168 Posts |
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Valued Member
United States
421 Posts |
My local coin/pm buyer is selling ASE and run of the mills morgans at $35+ He states he bought them at the higher price of silver and won't go below this new price even when it fell last week. So if your all telling me that I can do better elsewhere on prices I will have to take a look and see what I can find. Hoping to get like 2 silver 1 oz rounds, ASE, or bars a month at this point to build up again! |
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Pillar of the Community
United States
4008 Posts |
Interesting, Mario. I usually buy ASEs locally for spot plus $3-4 and about $5-7 more than Morgans. BU Morgans bring another $5-7 so are similar in price to ASEs. Peace dollars are usually about $6-8 less than Morgans if the condition is the same. I bought some very nice Peace dollars a couple of weeks ago for $23 each. They look to me to be in XF-AU condition. I hadn't shopped there in a while, so he also let me buy a Morgan at that same price. It was a nice coin but maybe only in VG condition. |
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Pillar of the Community
United States
667 Posts |
It is hard to buy just two rounds a month economically from a internet dealer because of the shipping. It can be done if you find them doing a special with free shipping. You might get a better deal on the site by asking in the want to buy section. Most small dealers who do not ship out their product will often have higher prices as the market price goes down. However try checking some jewelery stores. Most not all often sell silver rounds too. Pawn shop - buyer be ware - watch for fakes. Not because they are dishonest but because they often make mistakes. SHOWS - try these if they have them in your area. ebay - a choice - I think all sellers should have a tax id and that ebay should have to provide sells figures to even out those little shops that have to pay taxes. |
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Posted 12/26/2011 04:49 am
