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 Replies: 19 / Views: 2,822 |
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Pillar of the Community
United States
3670 Posts |
Like Carmykle said, secure them for the future. Daily drops seems to mean nothing to the value of silver on ebay lately, their is a buying craze currently taking place. I would like to see the numbers of people buying gold and silver this year from last.... |
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Pillar of the Community
United States
3670 Posts |
Oh, and I love both those coins, must have for collections in my opinion, even though I have neither as of yet. The Libertad is like the poster child for Mexican currency, and the Philharmonics are great, Austrian gold and silver, how can you go wrong....
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Valued Member
 United States
487 Posts |
My buying of silver has dwindle to almost nothing, just like hockingzig. But when a good buy comes along where the item is well below melt. I do tend to unlock the wallet then. I find buys can be had in world coins. Sticking to no less than .835 fineness.
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Pillar of the Community
United States
1285 Posts |
I had brought this same topic up a while ago (page or 2 down below). Based on what I can gather it's best to wait until prices stabilize at whatever price and then buy. From my understanding most dealers do not adjust the premiums down until 2 to 3 weeks after things settle down.
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Valued Member
United States
426 Posts |
yep, premiums are way to high in my opinion. I've been scouring ebay, craigslist and local shops to load up on some ASE's or bars but the premiums are always too great. For something like generic rounds and bars I don't think they should be that high. |
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Pillar of the Community
United States
1348 Posts |
I bought about 76 ounce of eagles and buffalos last week for $36.5 an ounce (not on ebay) There are deals to be found. I'm tired of paying ebay's mark ups |
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Valued Member
United States
362 Posts |
Even though I took business and econonics I am still a little put off by people still wanting to fleece everyone on silver. When it goes up they adjust their prices immediately, however when it drops it takes them forever to correct their prices. To me I think MAYBE 2-3 premium on UNC ASE is fair above spot but I saw a BUNCH going for $10+ over spot. That equates to something like close to a 30% premium. However people will still pay it and thus they will still keep their business model and keep the price high. |
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Pillar of the Community
Mexico
1304 Posts |
I feel sorry for you folks...just about every bank in Mexico wheels and deals in Libertads/Federaly issued Gold. Not that a lot of people do it, but it's avaiable.
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Valued Member
United States
426 Posts |
Quote:
I feel sorry for you folks...just about every bank in Mexico wheels and deals in Libertads/Federaly issued Gold. Not that a lot of people do it, but it's avaiable. Hi Harrison2I don't know about feeling sorry for us, might be the other way around.  I used to buy Libertads and the State Series 1oz Mexican coins every time I went to Mexico at the banks but nowdays I don't know if I would even make it back to the airport alive with my silver much less back to the border on bus. (I used to travel by bus occasionally) Guess it depends on the area but I really hope things calm down over there so I can get my 2 oz silver and gold "Bicentenario" series coins. The only ones I've seen pop up on ebay are grossly overpriced. Edited by RealPeso
05/12/2011 1:07 pm
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Valued Member
United States
284 Posts |
Why not consider the markup of an ASE as the price of it being backed by the US govt and being legal tender? Does that carry any weight compared to private mint silver bullion? I almost feel as if it's a coin more than a bullion round. -- Boris |
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Pillar of the Community
Canada
3692 Posts |
Buy low! Unless they are proofs or something you need for a collection there's no reason to pay that much. $5 is pretty good right now. Used to be $2-4.
rastatodd: that's sort of my strategy as well.
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Rest in Peace
United States
9104 Posts |
The market is never wrong. You or I may feel that $7-10 is too high, and we can sell ours for $3-5 if we feel that is a realistic price. If the price drops to 3-5, we were right, if it stays at 7-10, we were wrong, but the market is not right or wrong, it just is.
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Rest in Peace
United States
9104 Posts |
Quote:Even though I took business and econonics I am still a little put off by people still wanting to fleece everyone on silver. When it goes up they adjust their prices immediately, however when it drops it takes them forever to correct their prices. To me I think MAYBE 2-3 premium on UNC ASE is fair above spot but I saw a BUNCH going for $10+ over spot. That equates to something like close to a 30% premium. However people will still pay it and thus they will still keep their business model and keep the price high. There's nothing to stop you from selling yours at a $2-3 premium. What's that? You don't want to sell that cheap? Well guess what, neither does anyone else! If a dealer has to pay $3-7 over spot to take care of his customers, then he has to charge more, too. If people don't pay the premium, the price will come down. |
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Pillar of the Community
United States
1285 Posts |
Premiums are slowly starting to come down. Proofs are down about $15 to $20 per coin. Regular ASE are down about 50 cents to a $1 in the last few days. A lot of folks who were gambling in these for resale / quick profit are underwater. |
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Valued Member
United States
487 Posts |
Have seen the price of ASE on ebay go from mid to upper $50 range to just over $40. Seeing that silver is trading at a little more than $35, the silver eagles are getting my attention once again. Generic rounds and bars are going for the same price, so my choice would be to go with American Silver Eagles!  |
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Replies: 19 / Views: 2,822 |
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Posted 05/11/2011 10:18 pm
