What Is With Dealers Not Adjusting Commemorative Prices...

Now that silver has fallen.

I understand that comms due carry a small premium over say a traditional silver round but they are still trying to charge prices for them like Silver was still 30+ an ounce.

I hadn't bought any coins for about a 9 month stretch as my money was tied up getting a new triathlon bicycle for my first half ironman so I was in the coin shop and heard someone thinking about getting a silver round and was shocked that silver was so low so I picked up a maple leaf for 426 a score to me.

So I rushed over to the pawn shop I was getting great comms at and they were still charging $40-45 for commemorative dollars most of these the same comms that they had last November. I asked him why so with silver so low and he was like because they have collector value. I should have called him out on his BS they clearly paid more for them when silver was higher and now are trying to sell them as collector value.

So I am back in the coin shop and the lady knows I collect comms and a bunch of new ones came in and she asked if I was interested in any of them so I asked her to price a few for me. She came back with prices of $47-61 for 2012 and 2013 commemoratives like the Star Spangled Banner and the Infantry and she had just bought these. Did she buy them high or was she just trying to make a huge profit.

So I am back in and see a Boy Scout for $39 that seems a little better ended up passing on it instead opting for a Bust dime. So I started to do a little research on ebay ( ebay is great for commemoratives as you rarely have to worry about grades for these type of coins) and I am seeing the same Boy Scout coins for $35 with free shipping as BIN and a number of auctions under 30 as auctions.

I mean clearly the pawn shop bought them higher and then BSed with the collector value but why would the coin shop buy new commemoratives then try and sell them at a premium its going to be hard to move them at $50 when you can grab an eagle or a maple leaf for $26 or heck even the awesome pandas at $45 (I grabbed a panda too) or even grab morgans or Peace dollars under $30.