| Author |
Replies: 21 / Views: 1,704 |
|
Pillar of the Community
United States
2001 Posts |
As of this posting, silver spot is at $53.39. I just checked with one of my bullion dealers about the presale price of a 2026 silver eagle. They have it listed as $65.43 or in other words, at roughly $12 over spot. This may be my last year of paying ridiculous premiums for these coins. Think I'll return to the classics instead.
|
|
|
|
Pillar of the Community
United States
1780 Posts |
...buying bullion from a dealer will likely always include premiums over spot, &, dealer costs considered, the more overhead a dealer has the more the premium ... brick & mortar rent / mortgage, shipping & handling costs, etc. ... ...secondary sellers with website listings (eBay, Etsy, & the like...) also have listing & selling fees (added costs) ... thus expect a premium ... ...a better way to buy bullion is to advertise on no-cost sites such as craigslist, Facebook, etc., & compete with local dealer/buyer's offers based on "spot", buying from individuals ... ...the trade-off here is #1... security ...yours & the seller's, & #2 ... counterfeits ... can you spot them ? ... ... the same basic considerations apply to selling your bullion ... your best prices will most likely (but not always) come from an individual, non-professional buyer ... the advantage / disadvantage factors seem to favor pros, as availability is greater, & inventory is greater ... ...I believe, because of the "premium factor", that investing in bullion is best considered for the "long haul" ... ...hope any of this info helps ...
|
|
Bedrock of the Community
United States
36415 Posts |
Current year Eagles have always had a premium above back dates. Thin supply and strong demand allow them to charge more.
|
|
Bedrock of the Community
 United States
10470 Posts |
Then don't buy - there are "Specials" out there when spot is actually at ZERO premium.
|
|
Bedrock of the Community
 United States
24872 Posts |
Quote: I just checked with one of my bullion dealers A sample size of 1 is not enough data. APMEX has 2026 ASE pre-orders for $62.77.
Inordinately fascinated by bits of metal with strange markings and figures
|
|
Bedrock of the Community
United States
36415 Posts |
That price might seem cheap in a couple of weeks.
|
|
Bedrock of the Community
 United States
24872 Posts |
APMEX preorder is now $68.66.
Inordinately fascinated by bits of metal with strange markings and figures
|
|
Pillar of the Community
United States
2456 Posts |
Quote: That price might seem cheap in a couple of weeks. 
|
|
Moderator
 United States
187446 Posts |
Quote: That price might seem cheap in a couple of weeks. I hate to agree, but I have to agree. 
|
|
Bedrock of the Community
United States
36415 Posts |
The day is coming when there won't be any for sale at your local dealer. At that point price won't matter much. Get what you want now and then sit back and watch the show.
|
|
Moderator
 United States
187446 Posts |
Quote: Get what you want now and then sit back and watch the show. This does not bode well for the all the US Mint products I will want to buy next year. 
|
|
Bedrock of the Community
United States
36415 Posts |
jbuck, buy them in the secondary market after issue, they will most likely be cheaper.
|
|
Moderator
 United States
187446 Posts |
I can consider doing that, but then I run the risk of settling for rejects. At least with the Mint I have a return window for bad product. That is my value added from the higher prices. 
|
|
Pillar of the Community
United States
1747 Posts |
Quote: This does not bode well for the all the US Mint products I will want to buy next year. This is my concern. I was hoping to get the gold 1804 dollar. That's a $5 - $6K coin at this point. Silver coins / medals will be $150. Morgan and Peace dollar 2025 Reverse Proof Two-Coin Set is now $215
|
|
Moderator
 United States
187446 Posts |
Quote: Silver coins / medals will be $150. This is what I fear.  Quote:Morgan and Peace dollar 2025 Reverse Proof Two-Coin Set is now $215 I said in another post that my $185 set in 2023 looks like a bargain. 
|
|
Bedrock of the Community
United States
36415 Posts |
It's going to get too expensive for the average person to collect silver coins in the not too distant future, just like gold. Copper and c/n will be the future for those that want to collect coins.
|
| |
Replies: 21 / Views: 1,704 |