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Insane Premiums For ASEs

 
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Author Previous TopicReplies: 13 / Views: 497Next Topic  
Bedrock of the Community
United States
10895 Posts
 Posted 02/24/2021  7:01 pm Show Profile   Bookmark this topic Add CelticKnot to your friends list Get a Link to this Message
The online PM dealer I typically use is charging spot + $8.99 for a 2020 ASE "on sale" and spot + $11.49 for a 2021.

I realize the market is crazy hot for PMs at the moment and premiums are up across the board but that's just stupid. I'll wait until premiums come back down out of the stratosphere before filling my 2021 CAPS hole.

Anyone have a bead on them cheaper elsewhere?
Pillar of the Community
Canada
4062 Posts
 Posted 02/24/2021  7:12 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
This high premium seems everywhere, including Ottawa Canada where I live. here the suppliers simply can't get them in any numbers, so the speculation here is that insane demand= insane premiums.
Pillar of the Community
Canada
4062 Posts
 Posted 02/24/2021  7:13 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
Mind you, junk silver is NOT selling at a special premium.
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United States
8394 Posts
 Posted 02/24/2021  7:22 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
I'll reccomend a dealer I'm on very good terms with

https://www.goldeneaglecoin.com/ite...le-bu-type-i
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
Bedrock of the Community
Australia
18337 Posts
 Posted 02/24/2021  11:40 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Buy silver rounds instead - premiums lower, and much more varied designs.
Pillar of the Community
United States
1560 Posts
 Posted 02/25/2021  12:07 am  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
90 is NOT flying out the door here in my shop; right now. Rounds don't do as well as they should. Most people see an ase and "know" it is the "real deal'.

I think that somewhere soon the pure number of Chinese fakes coming through will make no coin an automatic "safe haven' for stackers.
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Canada
3828 Posts
 Posted 02/25/2021  12:51 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
GoldenEagle $ 11.00 USD over spot on small quantities .
Yup utter insanity !
I thought Gatewest @ $5.00 USD over spot for 2021 Maples
was bad !
The disconnect between spot and physical is nuts!
I guess the 1000 Maples I bought at $29.00 USD on New Years
eve was pure genius .....or massive Luck .
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United States
8394 Posts
 Posted 02/25/2021  12:59 am  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Now here's a question, is it an insane premium, or fair market value since evidently people are willing to pay it?
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
Pillar of the Community
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Canada
3828 Posts
 Posted 02/25/2021  01:17 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Indeed ...an insane Premium that people are currently willing to pay.
Sort of the same as the Housing market in both Canada
and parts of the USA.
All of it due to very low artificial cheap money .
Be careful all the warning signs are there for a huge crash
sooner or later , I'm betting sooner .
An early indicator the USD is dropping like a stone in the past two months .
Bedrock of the Community
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United States
11473 Posts
 Posted 02/25/2021  03:14 am  Show Profile   Check spruett001's eBay Listings Bookmark this reply Add spruett001 to your friends list Get a Link to this Reply
I don't wanna sell and I can't afford to buy, so I'm just watching the show!
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020

"If we continue to accumulate only power and not wisdom, we will surely destroy ourselves."
-Carl Sagan

"I am a donut!"
-John F. Kennedy
Bedrock of the Community
United States
10895 Posts
 Posted 02/25/2021  12:27 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply

Quote:
Buy silver rounds instead - premiums lower, and much more varied designs.

I generally do not buy ASEs for stacking (used to, several years ago, until I wised up that there are better stacking options when it comes to premiums.


Quote:
Most people see an ase and "know" it is the "real deal'.

True, and part of what drives the premium so high relative to other options.

Even 10-oz bars, typically one of the best values when it comes to premiums, are (spot + $4.49)/oz. While that's much better than spot + $11.49, it's still very high.

I'll wait.
Bedrock of the Community
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United States
15006 Posts
 Posted 02/25/2021  3:06 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
The ASE Is a beautiful bullion piece ; but it's all cosmetics that some guys are going crazy over . Go ahead and spend $40-$45 for one then turn around and try to sell it to a '' We Buy Gold and Silver shop '' or LCS . You will walk out of there like this :
Proud Member of The Black Sheep Squadron !
In Memory of Fallen Black Sheep Mates .
Pillar of the Community
United States
760 Posts
 Posted 02/25/2021  4:30 pm  Show Profile   Bookmark this reply Add suipakpaikungfu to your friends list Get a Link to this Reply
I bought a 2021 ASE for way over spot, only because I wanted it for my set.
Since I'm not planning on selling, no harm done.
Bedrock of the Community
United States
10895 Posts
 Posted 02/25/2021  6:39 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply

Quote:
I bought a 2021 ASE for way over spot, only because I wanted it for my set.
Since I'm not planning on selling, no harm done.

Definitely agree. I'm in the same boat (want a '21 for my CAPS and don't care about resale), but I am patient and plan to wait until premium is back closer to $5.
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