Green Monster Box
collector99
Posts: 1 ✭
Hello, I came to the forum to ask for an opinion. I have a 2013 monster box that I am wanting to sell. The box itself is unopened. I have been offered $13,000. Is this a good deal? I’m aware that the silver alone is at about $12,000. I’m wondering what the current premiums are for the green monster box and if $13,000 is fair? Thanks in advance!
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I think you can get 15-16k out of it.
Welcome aboard.
Ampex offering 2013 S Monster Box for $17,697 on Ebay.. Is yours S minted? You might try listing it on Buy Sell or Trade forum or on the precious metals forum but there might be problems with payment since you are new to the forum.
Quick check shows the current boxes going for $15,000. Past issues 20,000 +. Shop around the big dealers or the local coin shop.
I didn’t think S mint made monster boxes - these are essentially bullion … little or no premium - I would easily take the 13,000 for 500oz of bullion silver - that’s 26 / oz which is above spot and not bad for bullion - not bad at all. These are investment coins, not numismatic or collectible.
In 2013, the Mint produced ASE at SanFrancisco (S), and West Point (W). Reference
Example of (S) monster box
Example of (W) monster box
You can't treat the Eagles as straight bullion. There is always a premium.
That said, currently the premium is pretty low (+$2.50 bid at Upstate). So $13,000 is roughly wholesale price on a sealed box.
Earlier this year, you could easily get +$9.
TPG will only certify these as (S) mint if submitted in sealed box that has the rare yellow sealing straps marked "US Mint - San Francisco"
However these 2013 (S) coins in MS 70 are selling for only about $5 more than a regular 2013 ASE. For that reason I would not ask for more than $2500 over the current rate for a regular monster box.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
you can probably get $13,500 currently. a few months ago, you could have gotten $16,000 based on premiums
Maybe you should just keep it!!
🤔
Make sure are aware of and understand the difference in price between one oz of silver at spot price and one ounce of silver eagle at market price. Big difference, currently a 25%+ premium over spot for a silver eagle.
If it were me I would first try to sell the box or individual rolls here on our Buy Sell and Trade forum where there are no fees and for more than wholesale, but due to being new here your buyers will likely demand delivery before payment. Not an issue if you check some of their references. Your other option is to sell individual rolls on ebay and even lots of five are ten rolls, but first be aware of the selling/fee expenses.
And then there are the major bullion sellers who will offer you less than retail, but likely provide you with shipping label to get it to them. I'd call bullionexchanges, apmex, JM bullion and Liberty among others.
If I didn't need the money, I'd keep it. If your young you will see it grow in value. If your old any inheritance you leave in dollars will be worth less then than they are now. Having the actual silver your heirs will be able to legally establish their cost for it at it's current market value. This means if they immediately sell it they will see none to very little income tax gain (profit) because they sold it for what they, on paper, paid for it. FWIW, same applies to all inherited assets.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Don't ASE premiums usually go up in a month or two when the mint stop's producing the current year and starts making or getting ready to make the next years? At any rate, premiums are at a low at the moment, but I expect them to recover if you can wait a few months.
Only the current year which are always priced differently than prior years. [Upstate]
The current premium is nowhere near 25%. It's come way down:
Coinguide.com
cheapest silver eagle i can find on line is at bullionexchanges.com for $28.21 with spot at $22.93 for a 23% premium. Current premium is way near 25% unless of course one buys your 500 coin box @ $13,568 and pays an expected premium discount at 20% premium. Are dealer sheets such as you posted always this far off from reality? Are they actually selling a silver panda for almost twice the premium of an ASE? LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
The BMs around here all sell for about $4 over spot right now. The sheet is COMPLETELY accurate as those are actual bid/ask prices. They represent reality. I could buy ASEs from UPstate at the price listed with a phone call.
I would make 2 points:
You cannot compare the price of a single coin to multiples, especially online. The cost of getting that coin to you, processing payments, advertising etc ask figure into that price.
You need to be careful comparing the online price of a coin to the in person price for obvious reasons. As I mentioned, there are several LCS where you could buy an ASE right now for $26.70.
I not only posted the sheet price. I also posted 2 boxes that match the sheet price. The OP asked about selling a monster box not buying one Eagle online.
You will not, at the moment, realize the imaginary 25% premium you threw at the OP. So telling the OP that his coins have a 25% premium is numismatic malpractice.
.
Your bullion exchanges price isn't even accurate as that is the 2023 price and they sell cheaper in quantity. They are selling earlier years for $27+. There's always a slight premium for the current year. And they sell monster boxes for $13,650 which makes the $13,000 the OP was offered quite reasonable
Bullion exchanges has now sold out of the 2023 ASE and the only single, raw unc. ASE they currently have advertised is a cull or damaged version for $27.90 at a 21% premium which is nearer to my quoted 25% (for a non damaged coin) than it is to your "way down from 25%" premium.
Your last pics show coins priced higher than the ones I quoted to make my case for close to 25% premiums and that is supposed to make your case for "no where near 25%" premiums? LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Yet they are being sold at 25% plus premiums. And they would not be listed at these prices by major bullion dealers if buyers were not paying such prices.
Looks like major bullion dealers are the ones guilty of "numismatic malpractice." LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
You're talking about single coin sales. As I already said, you can't compare the single coin retail price to the quantity price. I've seen people pay $30 each as recently as last week. That proves nothing. Try addressing the OPs question which was a fair price for a monster box.
NO ONE is paying $14,000+ for a monster box when numerous people are selling them for 13.5 to 13.6k. [See the 3 photos above.] No retail customer is paying that since they can buy them at 13,600 from bullion exchange which is about a 20% premium.
Even if you sell them singly, you're only getting a 22 to 23% gross premium (your numbers) and I'm not sure what your net is since that will depend on the method of sale. So you are not realizing a NET 25% premium unless you are selling them singly out of your back door.
The Upstate price is the market price: $13,000 buy, $13,500 sell on a monster box.
I did address the OPs question earlier in the thread. Now I'm addressing your mis information about premiums.
You sure about that?
So, now we are going from the premium they sell for to "net" premium? LOL. In that case let's not forget the expenses of the car it takes to get them from the post office.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Retail.
Upstate prices are dealer prices as, I presume, is the offer the OP got. The OP is trying to sell a box.
You can find retail prices all over the place. The only way the OP is going to get 25% is if he can manage to retail or himself and even that is a challenge depending on the year.
Of course the OP left this discussion a long time ago. Lol. So I see no point in continuing it.
You win. Please contact the OP to arrange payment for the $14k you are offering.
Keep in mind you will pay income tax on everything that is more than your cost of the box unless it is a cash sale. JM bullion is selling sealed boxes starting at $16K. Their current buy price (wholesale) for ASEs will get you $12,845 for the box. I would not sell the box for less than $15K even if it means opening it and selling individual tubes for $600+ each. JM bullion is selling the 20 coin tubes for $641+.
If you want a quick easy sell go with a bullion dealer buyer such as JM Bullion who will likely provide you with a shipping label, call around.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I'd also point out that all of your eBay Monster boxes are old sales. The premium was much higher earlier in the year.
Maybe try these low ones
Or sort by sale date and find the more recent ones. These are the highest prices in the last month for a sealed monster box
There are no boxes on the Green Monstah...just bleachahs.
USAF (Ret) 1974 - 1994 - The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. Remembering RickO, a brother in arms.
www.jackhunt.com a mint AP has retail for 2023 at spot + $10.25 for a 45% premium. That would be over $16,5K for a monster box. Don't know about other dates, but for dealers their buy from is spot + $2.25 and sell to is spot + $3.25 so they seem to be ok with making a buck a coin. I doubt that they pay you spot + $9.25 however.