Bay Precious Metals Gold Eagle deal
mapleman
Posts: 1,052 ✭✭✭✭✭
Bay Precious Metals is showing an OZ gold Eagle at $1416.80 with Apmex spot at $1399. https://www.ebay.com/itm/50-1oz-Gold-American-Eagle-Random-Date-BU/332905679727?_trkparms=aid=111001&algo=REC.SEED&ao=1&asc=20160811114145&meid=39e6808db20b471c84cbf5500d50d99e&pid=100667&rk=1&rkt=8&mehot=pp&sd=332905679727&itm=332905679727&_trksid=p2045573.c100667.m2042&LH_BIN=1 Sorry It's BPM not apmex as originally posted.
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That is a small premium compared to recent figures I have seen.... Cheers, RickO
for sure.........
57 sold in one hour. looks like everyone found the deal. bay has some great deals once in a while. no e bucks though, listed under bullion
The deal probably will be short lived as it's not shown as $ over. it's the best I've seen in weeks. Only issue I have with BPM is they use UPS. Just MO. With bucks I'd reconsider but I picked up a Maple last week.
Not bad unless you have to pay tax, which started for me 8 days ago.
that hurts... No tax here.
I bought some e bay 10 ounce silver bars from them a long time ago with real low serial numbers a long time ago for 150 each. very nice bars, but took 10 days to get them, like this one
https://www.ebay.com/itm/RCM-amp-eBay-10-oz-9999-Fine-Silver-Bar-/173812251967?hash=item2878047d3f:g:wwcAAOSwBjdaEOXG&nma=true&si=QDPMCe%2BM3M0bXb8dBHH%2Fvbutwts%3D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557
I'm guessing UPS was shipper ?
yeah, I hate UPS. they are slow and deliver here after 9 pm
Plus their packaging is overkill, but unfortunately somewhat necessary.
It may be a seller's market and they probably bought up a bunch a few percent below spot. What is their non-eBay price? I bet it's $90 or more over.
I'm thinking that's a good guess. I'd bet on at least +60 in this market, we'll know soon enough I think.> @BAJJERFAN said:
A couple months ago I sold a leaf and a AGE when spot was around $1280 and was lucky to get spot at one place that usually pays around $15 over. Other places were paying back of spot if they'd even take them.
Thinking about spending my buck certificate on one of these bad boys. JM is only paying spot - 5 if you want to sell it back to them.
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
you just missed a $5.99 deal on AGE from APMEX
I missed that one. Haven't seen that price for a couple of months. Oh well onto the next one.
Unfortunately Apmex collects sales tax on me which is far far more than the $15 lower price tag.
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
I wonder if inet taxation could drive down premiums for coins and bullion going forward. It's difficult to see why it shouldn't to some extent.
not moderns
maybe classics
I wonder about that.
1400@ 6% tax is 1484 or there abouts. I don't pay tax on coins or bullion and my local bullion dealer gets 50+ over. So I use the net for most purchases. I think N.Y. is 8% tax plus dependent on locality. With sales of 1k or 1.5k minimum exempt. As I recall you are in ct.
I don't think apmex will try to use target pricing for a national sales effort so lost sales could lead to lower premiums as they were a couple or so months back.
For Eagle proof fans. Here's a random year oz. in OGP for $1416 right now.
https://www.ebay.com/itm/50-1oz-Proof-Gold-American-Eagle-Box-Cert-Random-Date/332541314752?hash=item4d6d01c6c0:g:tCoAAOSww-BadHgb
APMEX And others could reduce their premium on an ounce of gold but that would not make up the difference for me considering that the tax would add an additional $80 to $90.
Taxation on bullion will stop me dead in my tracks.
Fortunately, the bullion train has already left the station.
Gold seems to be trending down again.
Can't argue with that but if the premium were reduced to under $20 or 25 fro current 60 or so on an 1oz coin or bar it could be doable for some. In fact 6 or more months or so ago I bought bars for 6.99 or less over.
Somewhat, it's the premiums that stand in my way though.
Thanks for the info.
And the eagle is now 1470, so much for that one. To my point , in this market lower premiums generate increased sales. I hope this trend continues.
You're welcome, good luck.
Not a big fan of proof Eagles (can’t handle them), but why not have one...especially for less than .25% over spot after 1.5% CC cash back.
Use the Citi double cash get 2% cash back. No annual fee.
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
Thanks. Yes, I’m aware of that card.
Now showing out of stock. Thanks again, and please share more deals like this in the future.