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Is It Worth It?

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Author Previous TopicReplies: 7 / Views: 1,304Next Topic  
Valued Member

United States
256 Posts
 Posted 02/28/2014  8:10 pm Show Profile   Bookmark this topic Add TC3 to your friends list Get a Link to this Message Number of Subscribers
My LCS is selling Silver Eagles for spot + $5.
Is that worth it for me?

Wanted your input before I pulled the trigger.
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AlbumAccumulator's Avatar
United States
656 Posts
 Posted 02/28/2014  8:46 pm  Show Profile   Bookmark this reply Add AlbumAccumulator to your friends list Get a Link to this Reply
I've heard them going $3-$7 over spot. Is there sales tax on top of the price? Are you buying these to collect or for silver? You can find generic silver from spot to about $2 over spot.
Valued Member
United States
256 Posts
 Posted 02/28/2014  8:58 pm  Show Profile   Bookmark this reply Add TC3 to your friends list Get a Link to this Reply
I was planning on collecting, then potentially selling if silver goes up.
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AlbumAccumulator's Avatar
United States
656 Posts
 Posted 02/28/2014  9:02 pm  Show Profile   Bookmark this reply Add AlbumAccumulator to your friends list Get a Link to this Reply
For collecting, the price isn't too bad and if can choose dates, even better. You may want to ask the dealer what they will pay for SAE. If they only pay melt, silver needs to gain $5 just to break even.
Valued Member
United States
256 Posts
 Posted 02/28/2014  9:19 pm  Show Profile   Bookmark this reply Add TC3 to your friends list Get a Link to this Reply
Very true. What dates would be best?
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AlbumAccumulator's Avatar
United States
656 Posts
 Posted 02/28/2014  10:30 pm  Show Profile   Bookmark this reply Add AlbumAccumulator to your friends list Get a Link to this Reply
The older dates seem to bring a good premium on ebay. I would be looking for dates I needed to complete the set.
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wesal94's Avatar
United States
101 Posts
 Posted 02/28/2014  10:46 pm  Show Profile   Bookmark this reply Add wesal94 to your friends list Get a Link to this Reply
I am currently getting them at spot plus 4. Some of his other bullion is going for a little cheaper (depending on if he is tired of looking at it or not). I bought all the Pandas he had recently for $30 each.
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 03/01/2014  08:28 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Not a bad price for singles and especially if you can check them out first. I wouldn't buy a roll at that price though

Side note: nice pick up on the $30 Pandas
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