Selling Silver Bullion American Silver Eagle / ASE

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Author	Replies: 6 / Views: 1,844
snitchard Valued Member United States 420 Posts	Posted 03/26/2010 3:25 pm Hello, I understand that dealers sell Bullion American Silver Eagles for a price above the spot price of silver. However, how does it work the other way around? If I want to sell a bullion ASE to a dealer and the current spot price of silver is $16.87 should I expect to get less than that or at least that amount because of the spot price of silver? Are Bullion ASE coins "worth" at least the current spot price of silver, to me that would make sense as to why these are investment coins. Thanks, Rich Report this Post to the Staff

wheatguy Pillar of the Community United States 1534 Posts	Posted 03/26/2010 3:41 pm Most dealers sell at $2-5 over spot, and probably buy at near or perhaps $1 or $2 over spot. Edited by wheatguy 03/26/2010 3:41 pm Report this Post to the Staff
mycrob Pillar of the Community United States 2602 Posts	Posted 03/26/2010 4:57 pm My dealer is buying $1 below spot Report this Post to the Staff
CoinHunter53562 Pillar of the Community United States 2049 Posts	Posted 03/26/2010 6:48 pm Local dealers here are buying at 50 cents under spot typically, but I know of one buying at spot, and one that is willing to pay 50 cents over spot. Report this Post to the Staff
Halfwitty Pillar of the Community United States 1523 Posts	Posted 03/26/2010 7:31 pm If you don't need the cash right now snitchard,I would hang on for a short while as I see silver going back up soon which could add a couple more bucks to the deal. Report this Post to the Staff
925dealer Valued Member United States 258 Posts	Posted 03/28/2010 09:59 am It will also depend on the market. If I think the spot price will continue to go down I pay less than if I think it will go up. My buying price is generally $1.00 to $1.50 under spot and selling price is usually around $3.00 above spot. This is again dependent upon what I see happening on the Comex (crimex). Sincerely, John Leckrone Report this Post to the Staff
Kabiye_Lady Pillar of the Community United States 581 Posts	Posted 03/28/2010 11:35 am As others have said. There is no one answer. 1. Is your "dealer" hungry or well-fed? That will change the offer price 2. If silver drops a lot, you'll generally get closer to spot 3. If there is a spike in silver price, then you absolutely, must shop around. Because dealers/pawn shops will lowball you, or give you the price from last week, etc. It's sad to say, but many of the coin dealers that have an actual physical shop (B&M - Brick and Mortar) rely on bullion to keep the shop open. One of the first rules of coin collecting - establish a working relationship with at least one dealer. It'll help you when times are tuff. Edited by Kabiye_Lady 03/28/2010 11:36 am Report this Post to the Staff
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Selling Silver Bullion ASE