Dealer Buy Sell Spreads - Coin Community Forum

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Author	Replies: 7 / Views: 2,232
97guns Valued Member United States 59 Posts	Posted 05/22/2011 9:24 pm i just checked APMEX's buy sell spread for pre 1933 gold vs' modern commemoratives and see the commemorative spreads are much smaller, what does this indicate? $10 Indian Gold Eagle (AU or Better) sell price $837.28 buy price $741.80 spread $95.48 $5 Liberty Gold Half Eagle (XF or Better) sell price $411.24 buy price $360.99 spread $50.25 $10.00 Gold US Mint Commemorative sell price $752.24 buy price $711.77 spread $40.47 $5.00 Gold US Mint Commemorative sell price $386.08 buy price $355.85 spread $30.23 Report this Post to the Staff

biggfredd Rest in Peace United States 9104 Posts	Posted 05/22/2011 10:11 pm My guess? Moderns sell faster. Report this Post to the Staff
w1a9c8k5 Pillar of the Community United States 1348 Posts	Posted 05/22/2011 10:52 pm I would have to say that old gold is more sought after. Therefore they can charge more because they will always sell. Modern gold is more collected almost as bullion rather than collectability. Report this Post to the Staff
BuffaloBonehead Valued Member United States 333 Posts	Posted 05/23/2011 11:01 pm I'm guessing that as a dealer of old gold they are reputable and can charge higher prices because it is much much less likely that you will buy a counterfeit from APMEX than from some schmoe on creepslist. Of course somebody at APMEX needs to sort the old gold and make sure it is real, so an additional amount is added into the spread to account for this cost. Report this Post to the Staff
AlmostCollectible Valued Member United States 384 Posts	Posted 05/24/2011 12:07 am I agree with w1a9c8k5's reasoning this one. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 05/24/2011 09:10 am Your original dealer buy sell spreads could vary massively depending on the dealer and the customer's knowledge of coins. At many coin stores this spread could really be large. Possibly large of small at coin shows or anywhere on line. Actually not an easy question since so many differences in dealers and customers. Dealers with a store have large overheads to pay off just from coin and coin items. Report this Post to the Staff
Gothic Florin Pillar of the Community United States 2541 Posts	Posted 05/24/2011 09:27 am A little bit of the track of gold, but I just sold a 2010 mint set at 70% of the retail price. Not a great deal, but I didn't want it so they gave me $25 bucks for it at the store down the street. Perhaps I could have gotten more on ebay, but it's way too much hassle. Report this Post to the Staff
junior e Pillar of the Community United States 931 Posts	Posted 05/24/2011 12:23 pm That is a pretty good price on the $10 Indian Gold Eagle. Some say that coin is the best vintage coin bullion bargain. Report this Post to the Staff
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