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 Replies: 39 / Views: 13,864 |
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Pillar of the Community
United States
830 Posts |
I have a roll of 1987 ASE I paid about $7 each for....total.  But that was back in 87 lol. |
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Bedrock of the Community
United States
12437 Posts |
Refusing to pay more than $1-2 over spot for Eagles is a little unrealistic. Why do you think you deserve a better deal than what the APs have to spend to buy them from the Mint in the first place? Quote:
•For the Silver Eagle, we charge the United States Mint's Authorized Purchasers the price of silver plus $2.00 per coin premium. Minimum ordering requirement is 25,000 coins.
•For the Gold Eagles, we charge 3%, 5%, 7% and 9% premiums for the one, one-half, one-quarter and one-tenth ounce coins respectively. Minimum ordering requirements are 1000 ounces.
•For the Platinum Eagles, we charge 4%, 6%, 10% and 15% premiums for the one, one-half, one-quarter and one-tenth ounces coins respectively. Minimum ordering requirements are 1000 ounces.
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Valued Member
United States
362 Posts |
For me I am with everyone else, $5 is my limit. However I don't buy them off E-bay as they go for $10+ over spot, but you have to figure they would with E-bay and Paypal fee's and postage.
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Valued Member
United States
296 Posts |
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Refusing to pay more than $1-2 over spot for Eagles is a little unrealistic. Why do you think you deserve a better deal than what the APs have to spend to buy them from the Mint in the first place? Who said anything about deserving anything..? I, along with a few other members merely stated we do not wish to pay said high premiums. Not wanting to enable an action, or declining to participate in an action is completely different from thinking one deserves, or is entitled to something. Not even close... $2 premiums were a reality a year ago... I too am starting to see premiums on 90% junk silver again. No thanks, I'll look else where. No hard feelings. Canadian 80% is still flying under the radar right now premium free. I've scored quite a few silver proof sets on ebay for melt plus the $1.06 for the other non silver coins. Delivered to my door. One just has to look, premium free silver can still be found. |
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Pillar of the Community
 United States
623 Posts |
I am actually thinking about some 10oz bars. My contact said he would do them for $1.25 over spot. He said he can't keep them in stock!
$1.25 vs $5...umm I will take the bars!
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New Member
United States
0 Posts |
*** Edited by Staff - Please Review the rules that you agreed to when you registered. ***
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Valued Member
United States
296 Posts |
I'm gonna ignore the spammer who posted between me and Russ789. But since this thread has been brought up, went to a coin show in Ann Arbor today. $38 ASE's and ML's. Spot is $35.90. $2 premiums are back... |
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Pillar of the Community
United States
3755 Posts |
Quite frankly, the whole oh I'm not going to pay premiums because its bullion is narrow minded at best. The simple fact is the coin is a coin. It is gradable and collectable. If you want to not pay a premium just buy bars and be done with it. As I recall the Trade dollar was hammered by folks and not very popular either. I am pretty sure everyone here will pay more than 2 bucks over spot for an MS64 trade. |
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Valued Member
United States
296 Posts |
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Quite frankly, the whole oh I'm not going to pay premiums because its bullion is narrow minded at best. The simple fact is the coin is a coin. It is gradable and collectable. Somebody must have recently paid some large premiums for their ASE's and are not happy that those premiums came down... I'm not being narrow minded, I'm being smart with my money. Quote:
If you want to not pay a premium just buy bars and be done with it. Why, when I can wait and get what I want (ASE's) cheaper later... To each there own... BTW, ASE's are bullion. |
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Pillar of the Community
Canada
3692 Posts |
Wouldn't it be better to go by a percentage? Back when silver was $20/ozt a $5 premium would've seemed insane. $2-3 was fair then. 10-12.5%?
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Pillar of the Community
United States
3755 Posts |
If you can find an MS69 or 70 for 2 bucks over spot, more power to you.
My point that you are missing is that they are collectable coins. You can call it bullion till you are red in the face. They are coins with a one dollar legal tender status. Yes, they are sold as bullion. But to sit there and deny their status as a coin that can draw premiums as other coins do is sticking your head in the sand.
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Valued Member
United States
296 Posts |
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You can call it bullion till you are red in the face Quote:
Yes, they are sold as bullion. Well, which one is it..? Quote:
But to sit there and deny their status as a coin When did I ever say they are not a coin..? Quote me... I merely said they are bullion. Period. Even though you're waffling, you even acknowledged that at one point. We're talking about the bullion coins. Not the uncirculated or proof coins. They are getting premiums because of their bullion status. Just like all other bullion bars and rounds, they are in demand, and the market is willing (or stupid) enough to pay the premiums. Besides, the original question was about a "fair" premium. You're getting all defensive about your collectable proof coins. Call me old fashioned, but a $2 premium sounds better than a $5 premium of just a few weeks ago... |
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Valued Member
United States
296 Posts |
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Wouldn't it be better to go by a percentage? I think so... Although I still think 10-12% is a tad high... Quote:
Back when silver was $20/ozt a $5 premium would've seemed insane. Scary thing is, people were actually paying that then, and more... Then tack on some of the outrageous shipping charges some of the online dealers were charging. Wow. Some folks are just now breaking even on their "$20 an Oz." investment.  |
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Pillar of the Community
United States
3755 Posts |
1) I get defensive when a stranger tells me I am a fool for doing something. THATS what irks me. You wont pay more than two bucks, fine, your perogitive. Just keep the anyone who pays more is an idiot comments to yourself.
2) I never said they wee not bullion, therefor I was not waffling.
3) I do believe that ALL ASEs are uncirculated. I dont recall there ever being any available at a bank or the like. The MS69 and 70s come out of the green monster boxes the same as the ones you grab at a dealer. So exactly what coins are you referring to when you stress bullion over unc or proof?
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Valued Member
United States
296 Posts |
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1) I get defensive when a stranger tells me I am a fool for doing something. THATS what irks me. You wont pay more than two bucks, fine, your perogitive. Just keep the anyone who pays more is an idiot comments to yourself. You're the one that jumped in getting all pissy when all that was stated is that I choose not to pay high premiums. Nothing more. In fact I didn't imply or say anything until YOU called me narrow minded. Narrow minded for waiting to pay $3 less premium. What ever... Quote:
2) I never said they wee not bullion, therefor I was not waffling. Your 2 sentences that I quoted earlier contradict themselves... Quote:
{3) I do believe that ALL ASEs are uncirculated. I dont recall there ever being any available at a bank or the like. The MS69 and 70s come out of the green monster boxes the same as the ones you grab at a dealer. So exactly what coins are you referring to when you stress bullion over unc or proof? Go the mints website. They call them bullion coins. Then they also have the 2 other grades I mentioned. The first are intended for investors, the other 2 grades are intended for collectors. I would have thought you would have already known that... |
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Replies: 39 / Views: 13,864 |
First Page
Posted 05/23/2011 12:39 pm
