Does The Mint Set LCS Prices For 2012 American Silver Eagle / ASE ?

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Author	Replies: 6 / Views: 1,236
Berk Valued Member United States 148 Posts	Posted 12/11/2012 8:12 pm Both coinshops in my town sell 2012 ASE for $38.95 while older ones sell for $3.50 over spot at the one, and the other never seems to have ASE. This is going to sound like a dumb question, but do they sell 2012 at $38.95 because theyre required to or is it just a coincidence that its the same price at both places? Every time I go 2012 are the that $38.95 price regardless of if silver is up or down. Report this Post to the Staff

tpg22 Pillar of the Community United States 919 Posts	Posted 12/11/2012 8:16 pm The two stores I buy from sell all ASE's (except for low mintage coins) for $3 over spot and $10 over for slabbed MS69's). There is no requirement to sell for a given amount. I do know that the 2012's are selling fast. People can't get enough silver right now. Both of my LCS are out of that year. Report this Post to the Staff
Williamsonj320 Pillar of the Community United States 538 Posts	Posted 12/11/2012 9:04 pm No, the mint does not set the price for coins for LCS. But the premiums for ASE are fairly even across the board at most LCS from my experience so it's not unusual for both of your LCS to have the same prices. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 12/11/2012 10:41 pm The mint sells the bullion ASEs slightly over spot to distributors. Theyre all free to sell them for whatever they want at that point. Theyre so readily available though prices are usually pretty close. Places like provident get them directly from the mint which is why they can sell them cheaper as well Report this Post to the Staff
Rounder Valued Member United States 66 Posts	Posted 12/12/2012 10:43 am My LCS shop sells currant date ASE's at spot +$8 and all previous dates are spot +$5. Report this Post to the Staff
blackjack Valued Member United States 386 Posts	Posted 12/12/2012 7:19 pm My LCS is selling ASE's for $38.50 tonight. Spot is around $33.30. On a side note: these guys have money and I was told by another dealer that they were sitting on a quarter of a million dollars worth of ASE's back in 2007. Report this Post to the Staff
Berk Valued Member United States 148 Posts	Posted 12/12/2012 7:26 pm If they're sitting on $250k of ASE then at least you know they believe in what they sell! Report this Post to the Staff
	Replies: 6 / Views: 1,236

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Does The Mint Set LCS Prices For 2012 ASE?