What are ASE and Maple Leafs really selling for?
ajaan
Posts: 17,370 ✭✭✭✭✭
As I type this silver spot is $19.34/oz. I look at APMEX and see they have a random date ASE for sale at $37.61 + shipping and a Maple Leaf at $30.56 + shipping. Are these prices people are really paying?
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
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Comments
Better to buy bars.
In God We Trust.... all others pay in Gold and Silver!
I live in a "less than so called stellar area" so when ever I get eagles in, if loose, i sell in store for 26.00, but if solid date rolls, my wholesaler is paying spot plus 12.00 currently, so that is where they go, customer's here locally wont pay too much for anything. If I get some nicer 90's or 80's dates, ill group them on ebay ,, they do 32-35 currently. in groups of 5 or 10.
Uncirc ASE's on the Mint site are going for $67 (2022).... Most random dates I see other places, run $30-$40 range.... Still a good premium over melt. Cheers, RickO
Spot +$2. RGDS
The whole worlds off its rocker, buy Gold™.
No.
PM IQ -25. RGDS
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Great! Please LMK where I can buy ASEs and Maple Leafs for $2 over spot. I would like to get a few rolls.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Holy cow. What a bizarre disconnect between electronic/paper "spot" and the real world.
--Severian the Lame
I'm not moving many eagles. They're free to fly.
Which is the real world?
Knowledge is the enemy of fear
Two worlds both real to those living in them.
Paper world has its own price
Physical it’s own.
Seems that citizens of each world both want to deny the existence of the other or imply that their reality is the one that’s “more real”. While both can and seem to exist at the same time.
Interesting times.
My Ebay Store
Impaired condition such as milk spot etc?
The last time Uncirc ASE /spot +$2 or less from major bullion dealers was 2017 with 10% ebuck and no sale tax on Ebay.
Boy oh boy do I miss those 2015-2017 days when ebay bucks could be earned buying bullion, and discounted target gift cards on ebay could be used to purchase discounted ebay giftgards on target SIGH
Local show rolls going for $620 ($31 each), older rolls another $1-2 per coin higher.
Dealers are selling for that or dealers are paying that?
Selling, as of last weekend
buy, Mortimer, buy
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Sounds like real market action to me.
I knew it would happen.
Spot + $15. Early in the year it was spot plus $11 and they weren't moving.
And I was paying spot plus 10.75 then to acquire. Now it's spot plus $14.
But it's the delay on delivery that's squeezing me. One to 4 months for delivery after payment ? Crazy
Are they moving now?
Knowledge is the enemy of fear
The fact that bullion dealers are asking and getting record premiums should answer your question. But of course it won't because you continue to wear blinders.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
FYI milk spots are easily removable. A ozt of gutter is a ozt of gutter. No more ebux on bullion and no sales tax in The Commonwealth. Get creative stack on but not at @derryb APMEX gutter premiums.
The whole worlds off its rocker, buy Gold™.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Your middle name?
The whole worlds off its rocker, buy Gold™.
Now that the price of silver is rising, it will be interesting to see if the premiums continue to increase or if they begin to level off or decline. My contention has usually been that as the price increases, premiums decline. If this time is different and premiums go higher along with the price, it pretty much signals a major economic event or a new environment.
I knew it would happen.
FYI
Just offered to buy a monster box of silver eagles for $32.50 ea.
How can I say no?
Ugh, banks closed today.
I sold three backdated eagles the other day. If you call that movement.... bowels move faster.
Others in the business report otherwise. In fact, some on this forum are attempting to sell ASE at much lower premiums.
..#seer
Knowledge is the enemy of fear
While that's true..... Some guys got the Midas touch,.
Maybe they want the "quick" sell and are underpricing the competion. Happens every day.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Here in Toronto Canada with spot silver at $28.69 ,
1 oz coins are selling (from a bullion dealer) from a low of $35.54 (South African ) to a high of $40.69 (US Buffalo).
All prices in Canadian$ at an exchange rate of 1 USD = 1.3253 Canadian $.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
JM Bullion buyback prices (gutter metal? LOL):
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
35% over spot buyback. There's your indication of demand.
I knew it would happen.
JM Bullion sees the coming supply shortage of ASEs. And so do I. If it were not for a need for cash to fund my house under construction I would not be selling off a wee bit of my stash.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Hard to imagine you with a cash crunch given your prolific and omnipotent mastery of trading.
Knowledge is the enemy of fear
I figured Ace would have funded 3 mansions by now with his impeccable crypto trades. Turns out he's just like the rest of us. LOL
The whole worlds off its rocker, buy Gold™.
You can’t ev > @cohodk said:
I don't sit on cash, not volitile enough. When I need cash I convert some dollar insurance.
How's your gains with the mattress stash?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Your figuring made you go bust with silver, now you're an expert on people?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Highest yields in 15 years---thanks for asking.
Knowledge is the enemy of fear
I hate to break the bad news to you but cash does not provide a gain. It provides a loss as inflation erodes its purchasing power. More so now than in 40 years.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The number keeps going up so I must be doing something right.
Knowledge is the enemy of fear
LCS yesterday, a few dealers had rolls of ASEs at $675, with older years $20-30 higher. Solid date Engelhard Prospector rolls were $600. Seems like a better deal to me as the montages are much lower.
Liking the real world experiences.
👍
Knowledge is the enemy of fear
Spot +$2 of course.