Can Someone Explain: Numismedia Silver Eagle Price

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Author	Replies: 4 / Views: 1,575
LearningAboutCoins New Member United States 12 Posts	Posted 03/23/2010 7:01 pm Silver closed up 3 cents today at $17.02, but Numismedia prices a 1987 1 oz. Silver Eagle at $17.00. Even a generic one ounce round would sell for more than $17.00. There is a premium on Silver Eagles. Does Numismedia just have a really old price, or is there another explanation? http://numismedia.com/fmv/pricesms/...ices61.shtml Report this Post to the Staff

vermontensium Moderator United States 16679 Posts	Posted 03/23/2010 7:07 pm Dealers generally charge anywhere from .75 to 1.25 over spot. Numismedia should be used as a guide only. They don't keep up with day to day market volatility of metals. swcoin.ecrater.com Report this Post to the Staff
CoinHunter53562 Pillar of the Community United States 2049 Posts	Posted 03/24/2010 12:08 pm Quote: Dealers generally charge anywhere from .75 to 1.25 over spot. Wow...for silver Eagles? In my area, dealers charge $2.75 over spot and up for these. Online dealers I have looked at are selling Eagles for spot plus $1.75 and up. Are you sure about the prices you listed? Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 03/24/2010 12:23 pm The value you are quoting is for MS60 which is an unrealistic grade for a SAE in the vast majority of cases. I would say that an MS60 would only be worth silver value(which is now back under $17 as I type this) because that would be an ugly dog of a coin but your typical SAE will grade MS65-68 if it has not been mishandled. When you correct the value for the appropriate grade range, you get Numismedia values of $22-29. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 03/24/2010 2:26 pm Quote: Dealers generally charge anywhere from .75 to 1.25 over spot. That would be pretty good considering the Mint charges the distributors $1.50 over spot. Report this Post to the Staff
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