Is The Premuim To High? - Page 2 - Coin Community Forum

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Author	Replies: 19 / Views: 2,823	Page: of 2

biggfredd Rest in Peace United States 9104 Posts	Posted 05/16/2011 7:09 pm 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. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 05/16/2011 7:29 pm 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. Report this Post to the Staff
Ceylon62 Pillar of the Community United States 1285 Posts	Posted 05/20/2011 06:00 am 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. Report this Post to the Staff
rastatodd Valued Member United States 487 Posts	Posted 05/20/2011 06:36 am 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! Report this Post to the Staff
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