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You're The Dealer - What's Fair?

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poboxw's Avatar
Canada
1502 Posts
 Posted 12/26/2011  7:37 pm  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply

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.
Pillar of the Community
United States
2168 Posts
 Posted 12/26/2011  7:47 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
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
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 12/27/2011  12:39 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
3% of roughly $30 is 90¢.
Pillar of the Community
United States
2168 Posts
 Posted 12/27/2011  10:18 am  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
Typo. Sorry.
Valued Member
mariospaghetti's Avatar
United States
421 Posts
 Posted 01/02/2012  11:28 am  Show Profile   Bookmark this reply Add mariospaghetti to your friends list Get a Link to this Reply
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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Ed_B's Avatar
United States
4008 Posts
 Posted 01/02/2012  6:39 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
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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mkfarm's Avatar
United States
667 Posts
 Posted 01/02/2012  7:57 pm  Show Profile   Bookmark this reply Add mkfarm to your friends list Get a Link to this Reply
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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