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Silver American Eagles

DrizztDrizzt Posts: 1,036 ✭✭✭
With a drop in Silver, is there a cut-off point for SAE's?

When silver was 3.50 an oz. , I don't recall being able to buy eagles for that little.

Comments

  • Steve27Steve27 Posts: 13,275 ✭✭✭
    SAEs usually sell for about a buck above spot.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • JulianJulian Posts: 3,370 ✭✭✭
    Dealer's cost for current date is about $1.35 over spot when ordering from wholesaler. Retail is $1.50- 2.00 higher, with discounts for quantity.
    PNG member, numismatic dealer since 1965. Operates a retail store, also has exhibited at over 1000 shows.
    I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.

    eBaystore
  • LanLordLanLord Posts: 11,728 ✭✭✭✭✭
    Seems to me I remember buying them for about 5 and a half or 6 bucks just a year or two back.

    In fact, I think I bought a tube of 20 for $128 or thereabouts just last year.
  • mach19mach19 Posts: 4,002 ✭✭
    Who cares, They are a very nice looking coin. I buy as many slabbed ones I can afford!!!
    TIN SOLDIERS & NIXON COMING image
  • I wonder how many tube and bar buyers yesterday will be renegin on their purchases?? Some of them on Ebay were paying over 320 a roll
  • DeadhorseDeadhorse Posts: 3,720


    << <i>I wonder how many tube and bar buyers yesterday will be renegin on their purchases?? Some of them on Ebay were paying over 320 a roll >>



    eBAy is the greatest public example of the old agage..........."a fool and his money.........."

    If I had the time, and the desire, I'd be auctioning off hundreds of my culls to those folks.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff

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