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LOL, APMEX has silver eagles for "as low as" $3.49 over spot.

HonoluluDudeHonoluluDude Posts: 2,167 ✭
in Precious Metals
deal of the century!

The disconnect from the paper market continues...

Comments

  • cinman14cinman14 Posts: 2,489 ✭
    I bought mine from Teletrade direct yesterday for 14.58 each. My local B@M still has them for

    19.50 imageimage
  • BECOKABECOKA Posts: 16,960 ✭✭✭


    << <i>I bought mine from Teletrade direct yesterday for 14.58 each. My local B@M still has them for

    19.50 imageimage >>



    Are those TT prices including the 15% juice and shipping?

    Oh wait, I forgot they sell bullion direct now. image
  • fcfc Posts: 12,793 ✭✭✭
    give it time. let the dealers get fresh stock in.
    this includes bigger players like apmex.

    the price is not going to shoot up to 18 overnight.
  • morgansforevermorgansforever Posts: 8,456 ✭✭✭✭✭
    Local B&Ms are selling 08 ASEs for $20, and no one is buying.

    Kind of strange, no one is buying, and no one is selling at these prices.

    I'll go back in a week. How long can they sit on this stuff?

    Scott
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • PerryHallPerryHall Posts: 46,084 ✭✭✭✭✭


    << <i>Local B&Ms are selling 08 ASEs for $20, and no one is buying.

    Kind of strange, no one is buying, and no one is selling at these prices.

    I'll go back in a week. How long can they sit on this stuff?

    Scott >>



    I think these dealers were expecting a quick rebound. How long before dealers grow tired of siting on dead inventory? image



    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • GreeniejrGreeniejr Posts: 1,321 ✭✭✭
    3.49 over spot is actually quite reasonable especially for 08s right now. MTB who is one of the mint distributors is out of product and has no idea when they will get in more. On the secondary wholesale market which is where dealers are now forced to get them, they are paying $2.5 over spot or more for generics and $3.00 or more over for 08s. When you take into account retail margin, $3.49 is actually quite cheap. Charging $18, 19 or even 20 is not unreasonable for small quantities.
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    they are buying for $1.5 over spot
  • HonoluluDudeHonoluluDude Posts: 2,167 ✭


    << <i>they are buying for $1.5 over spot >>

    back in the good old days, that was their normal premium over spot to sell.
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