Investing

Every dealer around here wants 22-30 for them but I refuse to pay that much over spot for them. I went to a shop today and the guy honestly told me he wanted 30 a piece for them, I pulled out my iphone and pulled up the current spot price and showed it to him and asked why is he asking so much for them, he told me to leave and not to come back lol.

There is no reason for him to be asking 30 dollars though, I can understand 22-25 but 30? C'mon guy...

To the OP, I think what you are really refering to is; To an investor, every penny/premium matters, since your purpose is to make money. right? If so, it is important to look for the deal. $16.75 (the price I paid in July for 35 ASE's*) vs, 18.00, vs 20,00, vs 25.00 etc. It all depends on who you are buying from and where you re getting it, but that price is really the first concern.

So, if you are buying as a collector, looking for the ceratin mint and condition, to enjoy and save, price does not matter near as much. Sounds like you have decided you are a collector.

Of cource, most of us are a mix, leaning to one side or another.

* I got very lucky, with a classified ad, which turned out to be a retired car dealer who had them as Overstock to a promotion. He very specifically was asking $16.75 per (no less) and that is exactly what I gave him. :)

I buy Silver Eagles for the fun of it. I don't expect to realize a profit. My granddqaughter may, since if she sells them years down the road she will make 100% profit on the current value at that time. I collect them, just recently put a complete set of uncirculated together. I will continue to add to my set as the years go on, and now am starting a second set for her, starting with the year she was born. Average here is about $25 each (in single). I get them for $22 because I'm a regular customer at a certain shop, and she can count on me to have cash in hand when I walk through the door, rather than junk silver or gold to sell her. I have developed a good relationship with the shop manager. She will even call me if she finds something she thinks I may be interested in. She discounts everything I've purchased.

I'm not buying into the silver hype. As soon as the price hits a peak it will fall quickly because those hoarding the metal will quickly flood the market trying to cash in. I just don't see a big score happening with silver.

My brother-in-law collects proof ASE. Only one's that are NGC certified PF70DC.

They cost a lot more than $25 though.

I don't collect those but a freind of mine does. And every time he asks anyone how much for one, if they start with the price of Silver, he just walks away. He doesn't even turn around when they start with I've got great prices on those. He just walks away.

Hello,




I just looked at APMEX and a 1987 ASE is $22.97 plus $12.95 for shipping which means I'd be paying $35.92 for 1 ASE!! Then I saw they have a $50 minimum order policy and I'm not an investor so I'd rather buy a 1987 from my local dealer for $25 at the most knowing that if I "overpaid" it was only by like $2. The other option is to get it at a coin show for no more than $22. My local dealer told me to treat an ASE like any other coin especially if I'm not investing and by doing that with my pricing strategy I have learned that I'm really not over paying and to me that is all that matters. Besides if I'm paying $22 and spot is around $20.50 at the moment I'm still happy.

Rich