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Small Local Coin Show Observations

ProofmorganProofmorgan Posts: 936 ✭✭✭✭✭
in Precious Metals

I went to a local show with about 30-50 tables this weekend. Nothing too interesting from the numismatic sense so I focused on bullion. I was looking for items to resell on ebay or keep if it was unusual or nice material. I haven't been to one of these shows in a long time. My last show was FUN.

The range of prices varied widely. I was able to get a couple JM 1 oz silver bars for $81 each, which was about the best deal there. I could have done better at local shops, but these are still bringing $100 each on ebay.

I sold a few 1/10 AGEs for $512. Buy price range was form $470-$512 each. Ask was around $550 across the board.

I was able to buy 19 Proof silver eagles in the boxes for $75 as a bulk buy from a dealer (under spot). They were listed at $80 each and they said they had more for the show next month. These bring $90-$135 on ebay. Dates ranged from 87-2013.

A dealer was selling three proof 1989 AGEs in OGP. Two 1/10 and one 1/4. The 1/10s were $45 over each and the 1/4 was $35 over. I bought the 1/4.

Some small dealers were asking $122 for mid range 1 oz silver bars. They must have been buried.....but that's not the way to do business IMO. I asked some dealers on Platinum and was quoted either "I'm too buried you don't want to know" or $2400-$2600/oz. Platinum is really hanging to 25% over spot from most anywhere I've seen it. On the run up I was able to buy Proof Plat Eagles at $100 over.

Figured I'd share some real world information.

Collector of Original Early Gold with beginnings in Proof Morgan collecting.

Comments

  • 1630Boston1630Boston Posts: 14,155 ✭✭✭✭✭

    Thanks for sharing that @Proofmorgan
    boston

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko

    Bad transactions with : nobody to date

  • Dave99BDave99B Posts: 8,886 ✭✭✭✭✭

    Thanks for the report. Very interesting. I'm sure lots of dealers are buried in silver.
    I also look for items I can flip on eBay, esp when I can't find anything for my personal collection.

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
  • Bayard1908Bayard1908 Posts: 4,170 ✭✭✭✭
    edited February 18, 2026 8:24AM

    @Proofmorgan said:
    I was able to buy 19 Proof silver eagles in the boxes for $75 as a bulk buy from a dealer (under spot). They were listed at $80 each and they said they had more for the show next month. These bring $90-$135 on ebay. Dates ranged from 87-2013.

    Tough to go wrong on that purchase, downside protection and lots of upside.

  • OverdateOverdate Posts: 7,306 ✭✭✭✭✭

    @Proofmorgan said:
    I asked some dealers on Platinum and was quoted either "I'm too buried you don't want to know" or $2400-$2600/oz. Platinum is really hanging to 25% over spot from most anywhere I've seen it. On the run up I was able to buy Proof Plat Eagles at $100 over.

    >
    I wonder what's driving the demand for platinum eagles. At least one major dealer is paying over spot, so they're not going to the smelters to satisfy industrial demand. Not much numismatic interest that I can see. The only reason I can think of is that platinum is so much cheaper than gold, so some stackers may be reallocating their stacks.

  • ProofmorganProofmorgan Posts: 936 ✭✭✭✭✭

    @Overdate said:

    @Proofmorgan said:
    I asked some dealers on Platinum and was quoted either "I'm too buried you don't want to know" or $2400-$2600/oz. Platinum is really hanging to 25% over spot from most anywhere I've seen it. On the run up I was able to buy Proof Plat Eagles at $100 over.

    >
    I wonder what's driving the demand for platinum eagles. At least one major dealer is paying over spot, so they're not going to the smelters to satisfy industrial demand. Not much numismatic interest that I can see. The only reason I can think of is that platinum is so much cheaper than gold, so some stackers may be reallocating their stacks.

    The interest for me is how low the mintage is compared to gold and silver. It's also 40% of the cost of gold. That said, the premiums are so high that it makes it tough to justify. Every once in awhile you find a seller close to spot, but most of them have huge premiums added on. It seems you can typically sell these at spot without an issue, but it's tough when you have to pay 25% over to buy them.

    Collector of Original Early Gold with beginnings in Proof Morgan collecting.
  • jmski52jmski52 Posts: 23,926 ✭✭✭✭✭
    edited February 19, 2026 7:52AM

    it's tough when you have to pay 25% over to buy them.

    Keep reminding yourself of that, over and over and over.

    I'm not saying that platinum will never rise to the level that makes your investment worthwhile (and it's likely that it will sometime within a given 10 year stretch) but be pyschologically prepared to wait it out, and don't overpay if that is your plan.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OverdateOverdate Posts: 7,306 ✭✭✭✭✭

    At the moment, Florida shop is sold out of platinum eagles, but showing a buy price of $75 per ounce over spot and sell price of $125 over spot (if and when they have any available). With platinum at $2054 that's about a 2.4% buy/sell spread, and a buy premium of about 3.6%.

  • johnny9434johnny9434 Posts: 31,372 ✭✭✭✭✭

    @jmski52 said:
    it's tough when you have to pay 25% over to buy them.

    Keep reminding yourself of that, over and over and over.

    I'm not saying that platinum will never rise to the level that makes your investment worthwhile (and it's likely that it will sometime within a given 10 year stretch) but be pyschologically prepared to wait it out, and don't overpay if that is your plan.

    Same problem here with the 25% thing

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