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 Replies: 10 / Views: 1,802 |
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Valued Member
United States
245 Posts |
I was wanting to purchase a few ASE but the premiums on them are ridiculous. I probably own around 125 silver eagles right now, I wanted to add to my stack by buying another tube. Where and when do they go on sale? What's a fair premium to pay for them? Are they worth it? |
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Valued Member
United States
280 Posts |
I would keep an eye on the price of silver & wait for a significant drop before buying.
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Bedrock of the Community
United States
10982 Posts |
About $2 over is considered good. $1.50 over is really good. Non-BU pieces can sometimes be found for less. Check this link periodically and have a target, like buy at $17/ea delivered or something similar then go for it. http://www.goldprice.com/silver-american-eagles |
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Pillar of the Community
United States
4333 Posts |
Any lower price drop in silver and the ASE premium will expand to make up the difference, historically. My LCS charges a flat $5 over. $2.50-$2.75 online Checkout https://comparesilverprices.comWhen I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
01/01/2017 5:22 pm
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Rest in Peace
United States
17900 Posts |
If you want less than $2 over spot for ASE's buying by the roll will get you below that margin on occasion. However, spot price will always have a greater affect on final price. While ASE's do have a higher cost over spot than rounds or bars, you will usually be able to sell at $1+ over spot, too. |
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Pillar of the Community
 United States
4594 Posts |
Why should they go on sale? The prices track spot with the premium. If spot goes down, the price goes down too and sellers take the loss. If spot goes up, the price goes up and sellers take the gain. Either way there's no margin for sales
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Valued Member
 United States
245 Posts |
I bought some on sale last from govmint.com. I actually learned about the deal on here.
Edited by TMCD75
01/01/2017 8:06 pm
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Pillar of the Community
United States
2130 Posts |
I don't know if any are on sale now but keep an eye on APMEX ebay store. They had them on "sale" a few times during December. The sales usually last a few days or when they sell out. Whichever may come first. I believe I picked up a tube for $368 the week before Christmas. Edited by Connor
01/01/2017 8:09 pm
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Pillar of the Community
United States
2543 Posts |
American Eagles are bullion, bullion is directly tied to the spot price of silver. Here is how it works. ASE's are only sold to Authorized Purchasers, of which there are only 11.APMEX is only online dealer I know of who is an AP. These are sold for $2 above spot. These are then sold to mid level purchasers at an additional profit, who in turn sell to us or an LCS for an additional profit over that. If someone is offering ASE's for $2 or less over spot, they are either lying, or bought a quantity when the spot price was substantially lower and are still making a profit. It is impossible to buy ASE's for $2 or under unless someone is taking a loss. $5 over is a good price from your LCS |
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Bedrock of the Community
United States
10982 Posts |
Quote:It is impossible to buy ASE's for $2 or under unless someone is taking a loss. $5 over is a good price from your LCS $2 over deals are common. I've bought them there many times because spot price fluctuates all the time. I've paid as little as $1 over buying in quantity. Yesterday's $3 over can easily be tomorrow's $2 over and often is. Many dealers offer specials based on the hedge, you just have to watch for them. Paying $5 over spot for plain bullion ASEs is crazy. I've never paid more than $3 over and have bought and sold many thousands of ASEs in the last decade. Quote:
I bought some on sale last from govmint.com. I actually learned about the deal on here. This sale was as low as $1 over before it was ended. I bought two tubes from them then. |
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Pillar of the Community
United States
1450 Posts |
Are most of you guys here buying silver as a hedge against some future inflation or disaster or as a flip? What is best way to buy it as a hedge? I am not smart enough to try and out guess bullion markets. I made some really bad flips in the past when I should have just been accumulating back in 2000.
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Replies: 10 / Views: 1,802 |
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Posted 01/01/2017 3:48 pm
