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 Replies: 52 / Views: 6,581 |
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Pillar of the Community
Canada
5246 Posts |
My LCS still sells junk silver at close to spot. The pure silver rounds sell at a premium of course. No discounts there.
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Pillar of the Community
United States
797 Posts |
Premiums has shot up, through the roof, and reached mars!
Generic rounds going for $27/ounce at LCS.
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Pillar of the Community
 United States
4870 Posts |
I refuse to buy Silver Eagles. The premiums are unjustified IMO. Most other bullion coins/rounds aren't that much and its the same silver.
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Pillar of the Community
United States
7196 Posts |
I have an offer from an ebay seller for a $5 commemorative gold coin for 10% above spot. This same coin listed in a 2015 Red Book for $2,600. |
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Pillar of the Community
 United States
5192 Posts |
Quote:
I refuse to buy Silver Eagles. The premiums are unjustified IMO. The premiums are unjustified, especially since authorized dealers can buy ASEs directly from the US Mint for a couple of dollars above spot. It seems to me there is a strong case to be made for ILLEGAL COLLUSION and CARTEL FORMING between those dealers in order to ripoff Americans. |
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Pillar of the Community
United States
4333 Posts |
Quote:
The premiums are unjustified, especially since authorized dealers can buy ASEs directly from the US Mint for a couple of dollars above spot.
It seems to me there is a strong case to be made for ILLEGAL COLLUSION and CARTEL FORMING between those dealers in order to ripoff Americans. Would vendors such as JM Bullion or Provident be considered authorized dealers? If they are, they're currently paying $33 for ASE's. That's $11 over spot. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
4870 Posts |
I just got 10 2023 King Arthur coins from JM Bullion. Paid an even $300. The premiums were a bit more than I'd like but since they were a new release they were on sale. That said, when figuring out the dollar cost average, do you take the total cost you paid which includes the premiums or just the spot price? |
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Pillar of the Community
United States
562 Posts |
It just hit 22.25 where do you think it will level off?
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Pillar of the Community
United States
4333 Posts |
Quote:
It just hit 22.25 where do you think it will level off? I'm going to say $19.78, in a week. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
4870 Posts |
SD Bullion has a sale on random date Kangaroo's for $5.49 over spot. Picked up 10 for $284. Being the random nature of this order I don't know if all the dates will be the same or a mix of dates. Anyone have any experience with this? Not that the dates will matter, just wanna be in the "know".
Edited by TheForce
11/15/2022 7:01 pm
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Pillar of the Community
United States
4870 Posts |
I was supposed to get my Kangaroos yesterday but it seems the delivery was delayed. So many places are understaffed. But anyways I think they should be here today!!
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Pillar of the Community
United States
4870 Posts |
The Kangaroos just arrived. The random dates were all 2022 and that is A-OK with me. My air-tites from OnFireGuy also arrived so good timing!
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Pillar of the Community
United States
2130 Posts |
So I was at a pretty big estate auction today here in eastern NC. Regular average date Morgan's and Peace dollars were going for $55-$90 dollars a piece. Nothing special here at all. I couldn't believe they were selling that high. |
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Bedrock of the Community
 United States
25478 Posts |
Uninformed people make bad decisions in those situations - auction fever and FOMO (fear of missing out).
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
United States
2130 Posts |
Your right Hondo. I thought about approaching them and telling them I had some they could buy for the prices they were paying.
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Replies: 52 / Views: 6,581 |
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Posted 11/12/2022 10:21 pm
