Why are SAE's

mbbiker

Why are SAE's still priced at 7-8 bucks if it is just a bullion coin? Last time i checked silver was only $4.37 an ounce

Placid

The mint wants $24.00 for a 2001 proof sae.
I doubt the mint sells the MS ones at bullion prices.

JLW

Because they are coins they have numismatic "value added". Mintage numbers will affect price (wish I could get a 1995W for bullion value!). It doesn't hurt that they are beautiful coins to boot.
Joe

supercoin

Well, because the mint doesn't work for free.

However, you can buy common dates for substantially less than that with a reasonable quantity. And generally, you will get the premium back when selling.

For a discussion of various ways of buying silver, check out [l=this thread] in the Open Forum. It's not all mindless drivel over there -- other forms of drivel are welcome too.

TheNumish

For 2002 coins:
Silver is $4.37
mint charges +$1.50
Distributor cost $5.87

By the time it gets to your friendly retail seller they aren't worth selling for less than $7.00 unless you buy quantity.

nwcs

<< <i>Why are SAE's still priced at 7-8 bucks if it is just a bullion coin? Last time i checked silver was only $4.37 an ounce >>

Gotta get profit somewhere...

gemseeker

Even if it is bullion coin, manufacturing costs and other premiums push the price up. Also the bullion price should be more directly linked to buying precious metal bars and not necessarily coins. The bars are much cheaper to make and cost less than the coins (such as those from Credit Suisse).

presleyh

Hey Numish, how does one qualify for buying ms coins from the mint?

robertpr

presleyh, you have to be able to buy a certain amount of them at once (I think it's like a bajillion or something like that) and prove that you can "make a market" in the coins. Only the largest dealers even qualify to buy 'em straight from the mint.

presleyh

Robert, I think you are right, I think I will start a new thread to see if somebody knows the exact rules.