Lowest Markup On Silver Eagle Monster Boxes

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Author	Replies: 12 / Views: 4,255
Bret Pillar of the Community United States 1913 Posts	Posted 05/27/2015 1:40 pm I'm thinking about buying a monster box of 500 American Silver Eagles. So far the lowest markup I've found on ASE's has been on rolls on ebay. I've seen as low as $1.50 over spot per coin for as many rolls as you want. This was from a major dealer. It seems odd to me that the best price I've found is on ebay considering that the seller has to pay ebay and Paypal. Realistically, what's the lowest markup I can expect to pay? I'm in no hurry to buy. Report this Post to the Staff

leon1998 Pillar of the Community United States 586 Posts	Posted 05/27/2015 1:44 pm I thought major dealers don't pay eBay/Paypal fees as much as individuals do. Probably that's why they can afford the $1.50 markup. But $1.50 really is the lowest that I have ever heard. Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 05/27/2015 1:47 pm One thing though, whenever any major dealers are advertizing such ridiculous low markup; silver usually has a long way to drop. So far I have no purchase plan, until labor day the earliest. Edited by leon1998 05/27/2015 1:49 pm Report this Post to the Staff
Ryans Rust Valued Member United States 85 Posts	Posted 05/27/2015 1:57 pm If you have a store subscription, you pay a lower final value fee percentage vs non store plus lower listing fees. Power Sellers also get a FVF discount. Report this Post to the Staff
Northerncoins Pillar of the Community Canada 2019 Posts	Posted 05/27/2015 2:11 pm Quote: One thing though, whenever any major dealers are advertising such ridiculous low markup; silver usually has a long way to drop. Thats just silly. Very doubtful these big dealers know which way the spot is going to go, unless maybe they are owned by JP Morgan etc which are underlings of the Rothschild's. Then ya maybe. rtiOEpOnqtI Edited by Northerncoins 05/27/2015 2:13 pm Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 05/27/2015 2:17 pm It is interesting to see that short positions from producer/merchant and swap dealer/bank, are usually in sync. i.e. they both increase and decrease together. I have a hard time to believe that there is no connection. The gold and silver market has been manipulated blatantly for years. Anything can happen Edited by leon1998 05/27/2015 2:26 pm Report this Post to the Staff
Northerncoins Pillar of the Community Canada 2019 Posts	Posted 05/27/2015 2:40 pm Quote: The gold and silver market has been manipulated blatantly for years. Hey I didn't say that I didn't believe you about the manipulation , but I doubt these bullion dealers are big enough/connected enough to those who are causing the manipulation. But its possible they are underlings of the underlings in the pyramid. Edited by Northerncoins 05/27/2015 2:40 pm Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 05/27/2015 2:49 pm Quote: ...So far the lowest markup I've found on ASE's has been on rolls on ebay. I've seen as low as $1.50 over spot per coin for as many rolls as you want. This was from a major dealer. It seems odd to me that the best price I've found is on ebay considering that the seller has to pay ebay and Paypal... $1.50 over spot is very, very low (below cost from the mint). Please link them here if you would. I've never seen that low on ebay. ANA #R3154474 Report this Post to the Staff
Bret Pillar of the Community United States 1913 Posts	Posted 05/27/2015 3:17 pm Gone right now. After that the same seller came back at $1.70 over spot, but I decided not to buy because I was hoping the $1.50 would come back. I shouldn't have hesitated. I'll post a link if anything under $2 shows on ebay. So what is the mint markup over spot to their bullion dealers? BTW, I've been able to buy a roll of new 1oz silver rounds at spot, four different types of new 1oz gold bars at spot (in assay packaging) and a new 2015 Gold Maple Leaf at $14.99 over spot. All of these were delivered prices by a major player. I'd like to get a similar good deal on American Silver Eagles. Edited by Bret 05/27/2015 3:21 pm Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 05/27/2015 4:37 pm Quote: ...So what is the mint markup over spot to their bullion dealers?... $2.00 each over spot is what I have always understood to be the mint's price to authorized purchasers. I have also heard people say it's $1.50 over so I'm not 100% certain which it is but either way $1.50 over is cheap, cheap, cheap. ANA #R3154474 Report this Post to the Staff
Bret Pillar of the Community United States 1913 Posts	Posted 05/28/2015 09:42 am OK, so it's pretty safe to say that <= $2 is the bottom. That's what I needed to know. Report this Post to the Staff
welder Pillar of the Community United States 1037 Posts	Posted 05/28/2015 1:54 pm JM Bullion, APMEX, & Provident Metals are $2.49 over spot. So $2.00 or $1.50 over spot will save you some cash for sure. Report this Post to the Staff
Bret Pillar of the Community United States 1913 Posts	Posted 06/04/2015 9:17 pm OK, what about Silver Maple Leafs at $1.85 over spot (delivered per roll of 25)? Has anyone seen lower? http://www.ebay.com/itm/SPECIAL-PRI...em1c4bdfd586 Report this Post to the Staff
	Replies: 12 / Views: 4,255

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