| Author |
Replies: 26 / Views: 3,366 |
|
|
|
Pillar of the Community
United States
524 Posts |
wornslick, are you in NE Missouri? I'm only asking because I saw that name on Coinshowradios map. If you are McPikes pawn shop in west Quincy sells for $2 over spot but it's hit and miss weather he has any.
|
|
Rest in Peace
United States
9104 Posts |
You can't expect bullion quotes to be good for a week.
|
|
Pillar of the Community
 United States
1304 Posts |
Quote: wornslick, are you in NE Missouri? I'm only asking because I saw that name on Coinshowradios map. If you are McPikes pawn shop in west Quincy sells for $2 over spot but it's hit and miss weather he has any.
Yes I am, I was there today, not much to look at. Quote: You can't expect bullion quotes to be good for a week Like I said I am new to this but when silver doesn't go up very much can the price of an ASE go up $4.00 each? 
|
|
Pillar of the Community
United States
667 Posts |
Like I said I am new to this but when silver doesn't go up very much can the price of an ASE go up $4.00 each?Yes they can for a few reasons - supply an demand if they are selling a lot price can go up as supple goes down - I see this at small shops. Morgans - price is all over the place recently and the BU do not drop, usually, though if they are as bad as you said then the price shouldn't be $40.00.
|
|
Pillar of the Community
 United States
1304 Posts |
Quote:Like I said I am new to this but when silver doesn't go up very much can the price of an ASE go up $4.00 each? Yes they can for a few reasons - supply an demand if they are selling a lot price can go up as supple goes down - I see this at small shops. OK, I guess all siver is selling now, thats why some of them are sold out of ASE'.
|
|
Valued Member
United States
362 Posts |
Guess I am pretty lucky, at my local silver shop I normally get bullion ASE at $2.50 over spot and proofs, except low mintage dates at $4 over spot.
|
|
Rest in Peace
United States
9104 Posts |
Quote:Like I said I am new to this but when silver doesn't go up very much can the price of an ASE go up $4.00 each? In a word, yes.
|
|
Valued Member
United States
318 Posts |
If you are that far out in the country that there is no other shops around to compete, then sorry man, that's the price. They factor in the price of gas just like you do when they go to the big city to make a big buy. It is way high. I'm just across the river from a top 25 US metro area, so competition is fierce. I get local prices under APMEX stated from my local shop, not even counting shipping. Can you post up to see if other local folks would want to pitch in for a bulk buy? Local coin clubs might be a help?
|
|
Rest in Peace
United States
9104 Posts |
I got an email from another "expert" who expects $150+ crude this summer.
|
|
Pillar of the Community
United States
4008 Posts |
Quote:Guess I am pretty lucky, at my local silver shop I normally get bullion ASE at $2.50 over spot and proofs, except low mintage dates at $4 over spot. Yes, those look like pretty good prices to me. Lots of shops out there charge more than that. A couple of my local shops charge spot + $4-5 on ASEs and are frequently sold out. They buy quite a few but they also sell quite a few. Unless I can do better than the on-line price, I don't buy a lot of ASEs locally. Even when I do, they are likely to have only half a dozen or so available. It's not like they have several mint tubes worth at any given time... unless they have just received a mint box shipment within the past week or so. Because of this, I tend to visit their shops fairly often to see how the inventory and prices are doing.
|
|
Pillar of the Community
United States
524 Posts |
wornslick and I are from the same area. There is one coin shop 17 miles away and he has no competition so his prices tend to be high. There are 6 or 7 pawn shops but they all charge about $40+ for common silver dollars accept one which is also.......17 miles away. I go there when I get a chance but to make a special trip cost $7-$8 in gas so that eats away at the low price he has and he may not have what I want anyway. I envy you guys that have choices, we really just don't. 
|
| |
Replies: 26 / Views: 3,366 |