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 Replies: 26 / Views: 3,282 |
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Pillar of the Community
United States
2543 Posts |
Sorry, I should have said ASE silver bullion is ASE silver bullion Quote:
And you are not a collector of ASEs I guess. Your statement of silver bullion is silver bullion shows that. Which is fine, to each his own. On the contrary, I have a complete date set of Eagles and am a handful of dates away from a complete set of MS69 Brown Labels. Quote:
I would pay over spot for a 96 were it in acceptable shape. Exactly the point of my inquiry, why ? Do people think they are going to be valuable ? Key coin to the series some day ? The handful that I have, I have gotten at auction for spot plus, mostly pulled from old Littleton " Happy Birthday " or " Happy Anniversary " cards. Edited by denco7
01/27/2013 12:17 am
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Valued Member
United States
456 Posts |
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How many of you would pay a premium over spot+ for a non stabbed , just because it is a 1996 ? I would. If someone was asking a few dollars more for a 1996 than for any other date, I would pick the '96 every time. Quote:
Do people think they are going to be valuable ? They already are, selling for $20-30 over spot each on ebay. Quote:
Key coin to the series some day ? For the bullion series it probably will be the key date considering the annual mintage is now in the 10's of millions. I don't personally think that the 1996 should be particularly more valuable based on having the lowest mintage at over 4 million, but that is what the market for them is right now. I understand, and tend to agree with the 'silver is silver' argument, but I'll still take advantage of market trends whenever I can. Edited by SDCrow
01/27/2013 01:40 am
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Valued Member
United States
456 Posts |
@ mah5259, the value of silver eagles will directly correlate to the spot price of silver. As IndianGoldEagle pointed out, dealers will likely pay a little over spot for these. I respectfully disagree with smokeriderdon in that I think the price a dealer pays for them is relevant to their value. You may be able to squeeze out a little more money than a dealer will pay by selling them through other avenues, but it may not be worth the time, risk, or effort. For example, if a dealer will pay spot + $1 for your silver eagles, and he sells them for spot + $3, most buyers would choose to go straight to the dealer rather than buy from you for $2 or $3 over spot value.
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Bedrock of the Community
13014 Posts |
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For example, if a dealer will pay spot + $1 for your silver eagles, and he sells them for spot + $3, most buyers would choose to go straight to the dealer rather than buy from you for $2 or $3 over spot value.
Id disagree with that. If its a difference of a dollar or two a lot of people would just order off ebay and save the gas and the trip hence they sell well there. In some cases a dealer may put a small market up, I dont know of any that buy at +1 and sell at +3 its usually more like +6. Either way as a buyer it doesn't matter youll pay about the same where ever you get it. I do agree with smoke what dealers pay doesn't matter for the most part. It only matters if youre selling to a dealer or are a dealer. Otherwise you can forget about buying at those prices. Most places if they get a great deal will still sell for the same price. It only really matters in the sense that if the dealer overpays and you want that theyll expect you to as well to at least get their money back |
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Valued Member
United States
456 Posts |
@ BB21, I don't follow your point. The spread example I gave is how my dealer prices silver eagles, so I thought it relevant to the discussion. If someone buys from ebay, they aren't buying from you, so it further proves my point. Even if you are the one selling on ebay, you are taking a big hit in fees that may not make it worth it. @ mah5259, the information I gave you was assuming you were looking for what you could get for the silver eagles in your possession. Of course the dealer's buyback price is irrelevant if you're looking to add more, but if you're looking to sell what you have, I feel it is more than relevant. If a dealer is willing to pay me spot, I might try selling on my own to make more. If they will buy back at spot + $2, I think I'd have a hard time doing much better on my own anywhere else. My only point is that it would be worth the phone call to see. . . |
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Bedrock of the Community
United States
36782 Posts |
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Dealer prices are totally immaterial. You are never going to get value from a dealer, and using what they pay to put a value on a coin is not realistic. When someone asks for a value on a coin chances are they want to know what it is as they are interested in selling it. The price they can get from a dealer then becomes very material. Putting a retail price or catalog value on something is pie in the sky. You may get it or you may not, it all depends on how much work are you willing to do to sell for those higher prices. Since we are talking bullion here (ASE's), chances are many dealers that post a buy-sell price will actually pay more than private buyers that are out looking for bargains and coins under melt value. |
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Pillar of the Community
United States
1721 Posts |
Mah5259, If I'm not mistaken, your vinyl flips may be PVC. If this is the case, you should remove those ASE's and put them in Mylar flips or something less destructive. |
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Pillar of the Community
United States
3755 Posts |
Silver is not just silver. That argument leads right into a Morgan in MS condition being worth only spot plus a buck. And THAT is ridiculous. I consider the "bullion" coins to be just as collectible as a Morgan. Yes, the 96 is the key to the "bullion" coins. 4 million is a lot, but in relation to the rest of the series, low. Just as a 14 or 15 S LWC is a semi key with over 4 million minted each. I will say again, what a dealer pays is irrelevant. Unless I was sooooooo desperate for money that I needed to sell the coins right that minute, I would NOT sell to a dealer. I can always get a better price selling it on ebay, even with fees. |
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Valued Member
United States
456 Posts |
The average ASE over the last day sold for roughly $38.00 including shipping, which was less than $7 over spot based on about 20 or so listings that I checked. If you take away 9% ebay fees, 2.9% + $0.30 paypal fees, $1.64 in shipping fees, you are left with $31.54, and that doesn't include packing materials and the value of your time. I would simply argue that a seller with little feedback and paying full fees would have a hard time doing much better than what a dealer would offer. I'm glad you are able to make it profitable, but I am just trying to point out that others who are less experienced may not be so lucky. |
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Bedrock of the Community
13014 Posts |
Quote:@ BB21, I don't follow your point. The spread example I gave is how my dealer prices silver eagles, so I thought it relevant to the discussion. If someone buys from ebay, they aren't buying from you, so it further proves my point. Even if you are the one selling on ebay, you are taking a big hit in fees that may not make it worth it. Im not saying it wasnt relevant. My point was if your dealer has a set price scale of spot +2 or 3, what he paid is irrelevant. If he got them for 10 dollars or bought when silver was in the 40s hes still selling them at spot +2 or 3. So in that case your concern would just be what spot is. You do take a hit on ebay but its almost always less of a hit than you would take selling to a dealer. Theres always exceptions to the rule though Quote:
I would simply argue that a seller with little feedback and paying full fees would have a hard time doing much better than what a dealer would offer. Thats true for most bullion items, numismatic items are a different story for ebayEdited by basebal21
01/27/2013 11:20 pm
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Valued Member
United States
143 Posts |
"You do take a hit on ebay but its almost always less of a hit than you would take selling to a dealer. Theres always exceptions to the rule though." I don't know any more. With ebay taking about 12% (up to $250 max) with their (roughly) 9% + Paypal's 3%+.30. Then eithr included shipping or actual cost that ebay fees you on, you're lucky to break spot on an UNC. Heck, even AGE and Buffaloes are hard since they upped the max to $250 from $100. I calculated a $50 Buff the other day, based on Recently Sold values, and I would have been $20 over spot--which I can get locally. |
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Replies: 26 / Views: 3,282 |
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Posted 01/27/2013 01:20 am
