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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
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.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - 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.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - 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.
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
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
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
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - 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
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
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.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
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.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
There are no boxes on the Green Monstah...just bleachahs.
USAF (Ret) The purpose of Bourbon is to make you feel like you should feel WITHOUT Bourbon. 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.