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 Replies: 24 / Views: 5,190 |
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Valued Member
United States
377 Posts |
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Valued Member
United States
407 Posts |
What do YOU believe the price should be?
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Pillar of the Community
United States
4901 Posts |
$20 per ounce over spot for the W ASE would make the $279 5 ounce P puck cheap in comparison....and collectors complained that it was overpriced FYI: premium over spot for the 2008 W was $5.70 (spot: $20.25 (when released) cost: $25.95) |
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Valued Member
 United States
377 Posts |
Quote:
What do YOU believe the price should be? I believe a fair price would be 10-15% over spot 20% should be absolute Maximum. Definitely not 45%plus |
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Pillar of the Community
United States
5832 Posts |
The $100 silver per ounce may not be too far ahead, guess what our $100 bill really going to buy in the near future.
Sigh!
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Pillar of the Community
United States
2120 Posts |
I think the mint is just anticipating the same thing we all are. Increase in PMs over the next 6 months.
Sept 15 is a couple weeks away still. We all know how much can happen in two weeks.
If silver hits $50 this wont seems so bad.
But at $40? Yea, pretty over priced.
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Valued Member
United States
407 Posts |
Quote:
I believe a fair price would be 10-15% over spot 20% should be absolute Maximum. Definitely not 45%plus Why? In other words, what economic basis are you using to arrive at your conclusion? I'm very curious. Steve |
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Valued Member
United States
377 Posts |
Quote:
In other words, what economic basis are you using to arrive at your conclusion? I have no economic basis just my own thoughts. If the mint was a private company (it can't be a private Company because it is a monopoly), but if it was, Congress would be holding hearings asking why the price is not considered price gouging. |
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Pillar of the Community
United States
4901 Posts |
Although I think the premium is a tad excessive it would not be considered price gouging since it it your option whether to buy it or not.
We are not talking vital supplies in an emergency situation
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Valued Member
United States
361 Posts |
I think that is a lot more than a tad excessive. I know they have to cover themselves in case of a large increase between now and then but that is just too high. Heck, silver could be $30.00 when those are released.
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Pillar of the Community
United States
4901 Posts |
The $60.95 is the price with spot at $41.60...if spot were to increase significantly before release it would be repriced accordingly....and if the spot price were to drop it would remain at $60.95
It is a one way street
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Pillar of the Community
United States
2120 Posts |
Wif99, I have to ask, Were you a seabee or were you married to a seebee?
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Valued Member
United States
497 Posts |
I got a 2011 ASE today at a show for 48$ |
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Pillar of the Community
United States
2120 Posts |
Thats a Bullion ASE though right? |
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Valued Member
United States
407 Posts |
Quote:
I have no economic basis just my own thoughts. Darn. And I fully expected you to say that you had formed your opinion after giving due consideration to - beyond the cost of raw material - total production costs, packaging, storage, marketing, distribution, and sales, including labor costs, equipment, maintenance, utilities, insurance, and all such operating costs of a fully self-supporting organization. I can't imagine what I was thinking. Steve |
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Pillar of the Community
United States
2734 Posts |
The Mint's online catalog page for the 2011 American Silver Eagle Proof currently reads: "This product is temporarily unavailable for product repricing". Meaning the price on 2011 Proof ASE's will be raised from the original issue price of $59.95, so at least the Uncirculated "W" coin won't cost more than the Proof at its time of issue. I'm sure glad I got my 2011 ASE Proofs at the original issue price.  When I buy a 2011-W Unc., I will have to live with the irony that I paid less for a 2011 Proof coin than I will for the same year's W-Unc. issue.   As far as the "overpriced" thing goes, that's what a lot of people said about the 2010 Proof's issue price of $45.95. The 2010 Proof sold out before the end of the year, and now any old bullion ASE will cost you what the 2010 Proof did!  Considering what common-date bullion ASE's cost nowadays, why not buy Proofs and Unc.-W's instead, for only a few bucks more? Quote:Me: ...if I'm going to have to pay $50+ to get any ASE, it may as well be a newly-minted Proof. Edited by DNA
08/27/2011 6:04 pm
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Replies: 24 / Views: 5,190 |
Posted 08/27/2011 12:33 pm
