Lowest Markup Over Spot For 1oz Gold American Eagles

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Author	Replies: 8 / Views: 8,102
Bret Pillar of the Community United States 1913 Posts	Posted 03/31/2015 4:19 pm Over the past couple of months I've been able to purchase 1oz gold bars at spot three times on ebay. Given that the sellers (Silvertowne and APMEX) are paying shipping and I get 1% back on my credit card, they're actually making below the spot price of gold. I also purchased a random year 1oz gold American Eagle for $28 over spot which is the lowest I've seen them go for. What's the lowest you've seen 1oz gold American Eagles go for over spot in recent history? I want to purchase more at the lowest possible price over spot, but I need know what the best I can expect to do is. Thanks in advance. Report this Post to the Staff

Ed52151 Valued Member United States 56 Posts	Posted 03/31/2015 4:58 pm I haven't seen any AGE's at my local dealer below fifty-dollars over spot in about a year. So if you can get them for $28.00 over spot your getting a great deal. Report this Post to the Staff
coinwatch Pillar of the Community United States 808 Posts	Posted 03/31/2015 5:46 pm Agreed. The major online dealers will occasionally run limited time sales on Maples and other popular sovereign bullion products. Lowest price over spot is typically in the $40s. Like Ed52151 said, if you're finding $28 over spot? Sounds like a heck of a deal. Edited by coinwatch 03/31/2015 5:47 pm Report this Post to the Staff
Bret Pillar of the Community United States 1913 Posts	Posted 03/31/2015 6:26 pm Well it was just once, but I'll take it. My next question is that all else being equal, how much more can you sell AGE's for versus bullion bars? What I'm trying to figure out is if there's more of a spread in the AGE's than there is in gold bullion bars. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 03/31/2015 7:49 pm Quite a spread, $20 1oz bar gold (Provident) and almost $60 for AGE but that's if you're buying. If selling, $18 and $24. When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Edited by fistfulladirt 03/31/2015 7:50 pm Report this Post to the Staff
Bret Pillar of the Community United States 1913 Posts	Posted 03/31/2015 10:52 pm Looking at the buy and sell prices on APMEX's website, it's apparent that there is a larger buy/sell spread for gold coins than there is for gold bars. Assuming this is generally the case for the market as a whole, then why invest in gold coins? Seems to me like you'd be starting off deeper in the hole. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 04/01/2015 05:21 am Quote: why invest in gold coins? Seems to me like you'd be starting off deeper in the hole. I agree, not a good investment. But some of us buying don't look at gold purchases as an investment, but a hedge, and disregard prices. When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
coinwatch Pillar of the Community United States 808 Posts	Posted 04/01/2015 7:49 pm I agree, fistfulladirt. Though I can't say I completely ignore prices. Report this Post to the Staff
Bret Pillar of the Community United States 1913 Posts	Posted 04/04/2015 12:57 pm I managed to purchase another 1oz bar of gold at spot along with 20 silver 1oz rounds at spot. Report this Post to the Staff
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