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 Replies: 21 / Views: 3,659 |
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Valued Member
United States
234 Posts |
Went to my local coin on Sunday. Saw that they sold someone a 2015 eagle for 29 bucks. Is that the going rate on Eagles currently?
*** Moved by Staff to a more appropriate forum. ***
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Pillar of the Community
United States
5850 Posts |
Nope, assuming you are talking about the regular bullion versions (as opposed to the proof versions available directly from the mint). With silver at $16/ounce, you should be able to find them easily for under $20.
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Pillar of the Community
 United States
5828 Posts |
 Ridiculous! |
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Pillar of the Community
United States
946 Posts |
I picked one up for 20$ the other day lol
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Pillar of the Community
United States
6478 Posts |
What! Were they old or young? The answer will affect my reasoning on the coin shop.
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Valued Member
 United States
234 Posts |
They were old. Like maybe late 60s or early 70sh I have flipped allot of items that I have bought out of that store though. But I probably told that guy no on about a hundered other deals. For example I bought a confederate note for $35 once and resold it on the ebay for $70 Edited by Brian34Jersey
06/09/2015 10:37 am
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Pillar of the Community
United States
1247 Posts |
the coin shop just over charged them.. it's worth what someone will pay for it.
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Valued Member
United States
212 Posts |
One time I bought a silver eagle for $19. Best day of my life
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Pillar of the Community
United States
6478 Posts |
Quote:
One time I bought a silver eagle for $19. Best day of my life  You mean an eagle once cost less than 20 bucks? Those things have terribly high premiums. |
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Valued Member
United States
331 Posts |
once I bought a bulk order and paid 17.50 per eagle
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Pillar of the Community
United States
2543 Posts |
Quote:
the coin shop just over charged them.. it's worth what someone will pay for it. I agree with the second part, not so much with the first. Many coin shops don't want to deal with the day to day price of silver. They are tired of having to explain to buyers, why the coin they bought two days ago for $20 now costs $22. So ...... all ASE's are $29. If silver is $16, $20,$25, all Eagles are $29. Many smaller coin shops do it this way. When the gov't sells ASEs they charge the AP's $2 over spot, so if silver is $16.50, the AP's are paying $18.50. The AP's then sell to secondary dealers, like Provident, JM, for another profit $2?. So now the eagle sits at $20.50. Unless your local shop has an in with an AP, he is buying from a secondary dealer or even a third high volume dealer. The LCS now adds what he needs to charge to cover his overhead, thus a perfectly reasonable $25 ASE. If you are getting Eagles for less than $20, most likely it is because the LCS bought them from a customer at spot and can now make a profit without "middleman" costs. |
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Pillar of the Community
United States
5206 Posts |
I think I paid $11 for my 1986 Silver Eagle (but that was back in 1989 or so  ) Edited by jack jeckel
06/09/2015 11:53 pm
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Pillar of the Community
United States
632 Posts |
When I started to get into coin collecting my parents remembered that they had stashed some big coin somewhere that they had received as an incentive gift to go try test out a car. Low an behold a 2004 silver eagle in a velvet mint box and everything. I was.....pretty stoked.
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Valued Member
United States
336 Posts |
I bought my rolls of silver eagles in early 2013 XD, I dont like to talk about how much I paid for them lol I'm still ahead overall in silver eagles though due to some other buys including a certain anniversary set directly from the mint :)
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Pillar of the Community
United States
1704 Posts |
APMEX has silver eagles at $20.26 if paying by cc or paypal, $19.48 if you send them a personal check with free shipping on orders over $99.00. Most of the other online bulk silver and gold retailers are about the same price some with free shipping some have a shipping charge. Silver eagles on ebay have even higher premiums so the seller can cover his ebay fees. It seems to be getting harder to find anyone who has them for $2.00 - $3.00 over spot anymore.
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Pillar of the Community
United States
632 Posts |
Provident metals has them for $18.57 apeice when paying by personal check and free shipping after $99.
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Replies: 21 / Views: 3,659 |
Posted 06/09/2015 09:06 am
