Tulving is taking orders for 2008 SAE's at $16.35 each

Sevensteps

Here's his ad just posted:

Delivery on these brand new 2008 SAE's will be September 15th...The spread is a little high at $2.99, but with a rapidly falling low spot, still pretty good price for BU SAE 2008's..

From his website just posted here: http://www.tulving.com/goldbull.html

2008 American Silver Eagles Sealed Mint Box ( 500 Coins )

Spot + $2.99

First Paid, First Shipped

Shipping Starts Week Of Sept 15th

50,000 Available ( 100 Boxes )

Notice that he has 100 SEALED MONSTER BOXES AVAILABLE at $16.35 per coin shipped.


The "shortage" is only in small quantity bars/rounds and coins and always has been. Once the US Mint or Amark or whoever gets resupplied in 1000 ounce COMEX bars and silver blank sheets at current spot, then new coins will magically appear when these companies take delivery and make their product.

Deadhorse

I've always siad that ASEs were the worst way to invest in silver bullion.

Way too much of a premium on the buy side and you'll never recover it on the sell end.

Silver may go up, but you'll never get the premium back.

jmski52

How did you find out that they have 100 boxes? It's not on their website specifically, or did I miss it? Did you call them to find that out?

Sevensteps

What I posted was cut and pasted from the website at the time I saw it.

Here is exactly what he said at 9:00 AM this morning:

Shipping Starts Week Of Sept 15th

50,000 Available ( 100 Boxes )

It still says it on his site right here:

http://www.tulving.com/goldbull.html#specials

Scroll down to "#4"

jmski52

Ah, I kept missing that. Thanks!

SaorAlba

SAE's are suitable as collectibles and gifts only IMHO. As noted previously in this thread, the spread on them is just too much. They are pretty coins, but they are not an investment. Under the right conditions, with the right seller, I have gotten much better deals buying common date 1921 Morgans and 1922-1923 Peace Dollars as bullion.

jdimmick

There is always an upfront premium on Silver eagles that quickly dissapears once you get well into the current year, and it basically all but evaporates once the next year is out. Then it basically becomes a 1 oz silver round. with a few exceptions of course like the 96.

Jim

tincup

Seems like about all of the silver Eagles have this premium right now.....

Lots of demand for them at this time.

moonshine

I got fed up and bored with SAE's several years ago. I still try to get maybe one a year, but have a hole there now. Who cares, when I can get old silver coins for 30 cents over melt.

7over8

premium is way too high

CaptHenway

FWIW, our official Mint distributor just raised the price to us for 500-coin 2008 silver eagle boxes to spot +$2.10 per coin.
TD