Whos On Right Now That Knows Silver Eagles?

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Author	Replies: 7 / Views: 1,118
lucifer Valued Member United States 189 Posts	Posted 11/06/2007 3:40 pm Hey all anyone who's reading this that knows silver eagles post quick! Because I have to go to work but want to bid on auction! I'll email you thanks! Report this Post to the Staff

Vaslin Pillar of the Community United States 914 Posts	Posted 11/06/2007 4:23 pm Just post the question! :D Really depends on what you mean by 'know'. For example, I can tell the difference between a Lincoln Cent and a silver eagle! Report this Post to the Staff
Always Write Valued Member United States 76 Posts	Posted 11/07/2007 01:22 am What do you want to know? They should sell for about spot silver price plus $1 to $1.50. Spot silver is up to $15.83 right now! Report this Post to the Staff
nohope587 Pillar of the Community United States 5953 Posts	Posted 11/07/2007 02:04 am A little better than the $12:50 it was a while ago AW Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 11/07/2007 10:52 am quote: They should sell for about spot silver price plus $1 to $1.50 That is a bit low since Authorized Dealers have to pay $1.25 over spot for a minimum of 25,000 coins. Unless you can purchase from an Authorized Dealer, you will generally pay $2+ over spot unless you are dealing with a couple dates(1986, 1996). Report this Post to the Staff
Always Write Valued Member United States 76 Posts	Posted 11/07/2007 12:15 pm Gold and silver are really shooting up right now - hard to say if there will be a pullback soon or not. Yeah, it takes a little work to find them at $1 to $1.50 over spot (or even less than that), but it can be done. My own rule of thumb is $1 over, but I am crafty at coin shows and know where to find the good deals. =) While dealers do originally buy at $1.25 over from the mint, they often buy them back from people who come in and sell them around spot, and are willing to turn around and sell back to me at $1 over. Or they buy when spot was at $12.50 and are happy to sell $1 over spot when spot is up to $15.50. So it can be done. But, you're right, the "average" retail price is about $2 over spot. You should also be able to buy near spot or 50 cents to $1 over if buying from an individual instead of a dealer (if you know someone or find someone through the forums wishing to sell). Report this Post to the Staff
Andrew289 Valued Member United States 470 Posts	Posted 11/07/2007 6:08 pm I guess he never came home from work. Report this Post to the Staff
lucifer Valued Member United States 189 Posts	Posted 11/07/2007 8:51 pm Haha thanks guys. I did come home but missed my auction, oh well. Thanks for the knowledge! Report this Post to the Staff
	Replies: 7 / Views: 1,118

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