Silver Spot Price & Maple Leafs

Well no, they wouldn't necessarily adjust their bullion prices if they paid the higher spot for them of a few weeks ago. There should be a modest decline shortly once the higher priced bullion pieces are sold.

nds76 Lets say you bought a roll of Eagles or Maple Leafs a month ago for $15 per coin. How much would you be willing to sell them for today? Herein lies the problem of many coin dealers who MUST keep coins on hand for their customers. And, the whole idea is to make money on the money you have invested in your stock. Most small dealers or shops cannot take the loss every time bullion prices drop and quite honestly I understand and do not blame them one bit! They will adjust their prices based on their NEXT order for any given product.

Thanks Terry - you always explain things so well. I tend to get too dramatic!

nds76: Your option would be to find a local dealer or someone that either has older inventory or sells at a few bucks over spot based upon the current market. E-bay is sometimes inflated, for reasons that Terry stated, and because of e-bay fees, insurance, shipping, fuel to post office and so forth. Does that make sense to you? Terry - you can chime in any time!!!!

If it's been falling that steadily, it may not be the best time to buy yet.

I refuse to pay the high shipping costs on top of the already double the spot price of the maple leafs. I may wait until the price drops more. I don't want to play the game either.

I expected this drop as quite a few investors have had to be dumping on the market, taking their profits, as thats what it is all about isn't it? I know I sold a set of Eagles a couple of weeks ago that I had about $170.00 in and they turned $325.00 so I most definitely made a few bucks. I believe I put the set together and kept it updated since around 2004 as I like to keep an extra set for such dire emergencies! Now with prices dropping I will start another set for the same purposes. Have you SEEN the PRICE of the 1996 Silver Eagle at this time. Boy, talk about sticker shock!!!

I think what longnine009 was saying is actually that no one is entitled to a profit. In other words, you can make a profit, but you are not entitled to a profit. And I agree with that idea.

As for silver dropping in price: considering how poor the dollar and economy is going to do in the future, I will hold on to my silver. Understand that the "official" inflation and other economic figures are not really accurate. If they were accurate, it would make things worse, when people know it. Just a quick glance at food prices over the past year would show the decline in value of the dollar. As for the economy overall, when "manufacturing" now includes fast food restaurants making hamburgers, that should tell a lot about just how poor it really is when they have to do things like this to make the numbers look good...

I'm sure some will disagree with the above statements but time will prove that we are headed for the Second Great Depression some time in the future (though I am not sure of exactly when it will "strike"). We're in the modern day 1920's. Enjoy it while it lasts before "1929" gets here.

I don't understand how. The attitude of "entitlement" is socialist in nature, the idea that you may make a profit or lose money based on how wise or unwise your investment was is the more capitalist notion. In a capitalist system, you are not entitled to anything other than the freedom to try to get something. The emergence of socialist welfare programs, the "Great Society", big government, etc. has changed a lot of people's thinking on this, however, into an "entitlement" attitude where people feel they are "entitled" to whatever it is that they want. That is not a free enterprise/capitalistic system.