Bullion Fees - Coin Community Forum

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Author	Replies: 6 / Views: 1,299
ctus New Member United States 15 Posts	Posted 05/02/2011 12:27 pm Both of my local coin shops have similar fees for bullion: Gold Eagles = $65 over spot Silver Eagles = $4.25 over spot High? Low? Good? Bad? I'm too new to PM to really know. Report this Post to the Staff

junior e Pillar of the Community United States 931 Posts	Posted 05/02/2011 1:16 pm The premiums that you quoted are on the low end of what I personally have seen. They are in business to make money and I don't think those premiums are out of line by any means. Report this Post to the Staff
SA4H Pillar of the Community United States 2764 Posts	Posted 05/02/2011 1:28 pm I have to agree. Report this Post to the Staff
w1a9c8k5 Pillar of the Community United States 1348 Posts	Posted 05/02/2011 2:17 pm Well not to mention they probably buy their eagles for spot or under they are making only about 10% Report this Post to the Staff
ctus New Member United States 15 Posts	Posted 05/02/2011 2:23 pm Thanks for the comments. Much appreciated. Report this Post to the Staff
Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 05/02/2011 3:46 pm I wonder if a dealer can make say 25 bucks on every Eagle sold and say 10 bucks on every Silver Eagle, would that be enough to keep the bills paid and the doors open? Seems like to me, it would be tough today to own a shop, pay rent and overhead, and personal bills, and have enough left to stay in bus. This is why I don't mind ebay getting a bit. They did create the best online auction site on the planet, and to me, the overhead is reduced big time if one only sells from home. Then your overhead is just product cost, Internet an electricity, and shipping and ebay fees, just my worthless 2 cents, lol.... Edited by Silverhawk74 05/02/2011 3:47 pm Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 05/02/2011 9:36 pm Quote: ...just my worthless 2 cents, lol.... Your $0.02 is never worthless, IMO, Silverhawk. I appreciate your comments and find them to be on target pretty much all the time. Of course, that could also mean that we are both boneheads! lol Report this Post to the Staff
	Replies: 6 / Views: 1,299

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