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Silver Spot Pricing

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Author Previous TopicReplies: 12 / Views: 2,287Next Topic  
Valued Member
snitchard's Avatar
United States
420 Posts
 Posted 02/19/2010  1:44 pm Show Profile   Bookmark this topic Add snitchard to your friends list Get a Link to this Message Number of Subscribers
Hello,

Now that I have the storage, display, and protection figured out for my ASE Bullion Coins, I'm going to use an Air-Tite Album, let's see if I understand spot pricing.

The Silver Eagle Coin Company has a 2009 ASE for $24.00 after S&H charges that comes to $28.00. As of right now the spot price for silver is $16.37 per ounce. That means I'm paying a premium of $11.63 if I buy this coin right now. I think I could do better but on the other hand that isn't too bad.....is it?

Thanks,
Rich
Pillar of the Community
CoinHunter53562's Avatar
United States
2049 Posts
 Posted 02/19/2010  2:30 pm  Show Profile   Bookmark this reply Add CoinHunter53562 to your friends list Get a Link to this Reply
Check with your local dealers. You should be able to get closer to $20-$21 or so plus tax (if your state charges it). You wont have to pay for S/H and you have it right there in your hand. $28 per is too steep.
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 02/19/2010  2:34 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
I saw an advertisement for ASE at $19/each this week (they quickly sold). Anything over $21 is too high right now.

$24? That's crazy.
ANA #R3154474
Pillar of the Community
United States
573 Posts
 Posted 02/19/2010  3:07 pm  Show Profile   Bookmark this reply Add StJoeBlues to your friends list Get a Link to this Reply
My closest reputable dealer sells BU ASEs and other generic rounds for $2.00 over spot. I haven't been to see him since the POS dropped below $16.00, so I'm not sure if he has raised his premiums. He also sells graded ASEs at numismatic prices.

My closest dealer sells ASEs for $25.00 minimum, treating even the non-graded ASEs as numis instead of bullion. I don't shop there too much.

Look around and you should find them for a reasonable price.
Valued Member
snitchard's Avatar
United States
420 Posts
 Posted 02/19/2010  4:04 pm  Show Profile   Bookmark this reply Add snitchard to your friends list Get a Link to this Reply
Hello,

The best price I have found so far is $7.00 over spot from my local dealer. Even ebay is high. I noticed one seller offering a 2009 for $1 plus $1 shipping. I wasn't sure about that though the auction ends in 2 days.

Rich
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 02/19/2010  4:17 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Check here:

http://www.apmex.com/Category/160/S...__Prior.aspx

Although you have to pay shipping, it's still a lot cheaper than the prices you've been discussing.
ANA #R3154474
Valued Member
snitchard's Avatar
United States
420 Posts
 Posted 02/19/2010  4:25 pm  Show Profile   Bookmark this reply Add snitchard to your friends list Get a Link to this Reply
Hello,

APMEX has GREAT prices, unfortunately the subtotal price needs to be at least $50 to place an order.....how am I going to do this?

Thanks,
Rich
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 02/19/2010  4:27 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
What exactly are you looking for? Do you need particular dates?
ANA #R3154474
Valued Member
snitchard's Avatar
United States
420 Posts
 Posted 02/19/2010  5:06 pm  Show Profile   Bookmark this reply Add snitchard to your friends list Get a Link to this Reply
Hello,

I'm looking for everything as I'm just starting out. I suppose I could buy from APMEX and just save enough money for 3 or 4 coins at a time.

Thanks,
Rich
Pillar of the Community
wheatguy's Avatar
United States
1534 Posts
 Posted 02/19/2010  6:00 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list Get a Link to this Reply
If you can, go to a local dealer or post a WTB ad in the BST forums here. I'm sure you'll get responses with reasonable prices.
Valued Member
snitchard's Avatar
United States
420 Posts
 Posted 02/19/2010  6:23 pm  Show Profile   Bookmark this reply Add snitchard to your friends list Get a Link to this Reply
WTB?

BST?

How do I go about doing that?
Pillar of the Community
eaglefoot's Avatar
United States
6326 Posts
 Posted 02/19/2010  6:34 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
You can/could purchase the 2009 ASE ....slabbed and graded MS69 for $23.00 Free shipping, plus a mag loop, and some reading material..... I did.
So, yeah, the raw ones from dealers should be cheaper than that price !
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 02/19/2010  8:29 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
WTB?

BST?

How do I go about doing that?



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