Why don't 20-coin ASE rolls (green cap) sell for less now?
Geoman
Posts: 2,491 ✭✭✭
I have been wanting to pick up a roll of 20-coin ASE that you get in a monster box. I watched silver fall to under $12/ounce, but the price pre roll has been relatively steady. Silver went form $20/ounce to $11.65/ounce - a drop of over 40%. However, the 20-coin rolls of ASE have hardly dropped in price? Why is that?
My only guess is people/dealers bought these earlier these year when they were released, and when silver was close to the $20/ounce price. And that now when they are selling/reselling, prices are staying up due to the price these rolls were bought at, not relative to what silver is at now.
Any other thoughts?
My only guess is people/dealers bought these earlier these year when they were released, and when silver was close to the $20/ounce price. And that now when they are selling/reselling, prices are staying up due to the price these rolls were bought at, not relative to what silver is at now.
Any other thoughts?
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Comments
Silver is silver.
ASEs are ASEs.
ASEs are made of silver.
That does not automatically mean that ASEs follow the price of silver. ASEs are their own market, not directly tied to the price of silver.
If you want to purchase physical silver at closer to a melt price, there are other ways to do it. Cheap 'Santa Claus' or 'Coke' silver rounds. Less desirable stuff.
If you insist on ASEs, perhaps then you will realize why this premium is in place. Everybody wants ASEs.
Complaining about the difference between the daily spot price of silver and what you can get an ASE for will not help with the pricing.
Immediately after a drop, folks do resist selling their ASEs. Who wants to lock in a loss? Why would you sell a stock at its low? That is nonsense. Some folks may have purchased when silver was $4. Some may have purchased when it was $20. Immediately after large moves in price, disconnections like this often occur. The reasons are myriad.
APMEX is good.
Also, this is in the wrong forum.
<< <i>I have been wanting to pick up a roll of 20-coin ASE that you get in a monster box. I watched silver fall to under $12/ounce, but the price pre roll has been relatively steady. Silver went form $20/ounce to $11.65/ounce - a drop of over 40%. However, the 20-coin rolls of ASE have hardly dropped in price? Why is that?
My only guess is people/dealers bought these earlier these year when they were released, and when silver was close to the $20/ounce price. And that now when they are selling/reselling, prices are staying up due to the price these rolls were bought at, not relative to what silver is at now.
Any other thoughts? >>
Yup...you've pretty much hit the proverbial nail on the head!
Demand is still high. Only bullion dealers will take the hit and price a fixed rate above melt.
I agree try Apmex.
Should I remember when you could buy these for $7 each with the markup.
<< <i>ASE rolls are up because demand is up. The supply of generics has dried up so the only thing available are 08s. MTB has jacked the price up on 08 rolls to almost $3 over so getting them at $4 or $5 over per roll is what they are going to cost you. If you have a problem with it, don't buy them. Its really that simple. >>
or shop around until you find the right deal. so far patience has paid
handsome dividends to those who waited and did not try to catch
a falling knife.