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What is your B&M dealer charging for silver?

unknowncomicunknowncomic Posts: 945 ✭✭
in Precious Metals
Just called my local shop and got a shock. Why so much over spot? Quoted me ASE's at $17.50 plus tax . And rounds not much under that. This is with silver at 11.83 spot.
Molon Labe

Comments

  • cinman14cinman14 Posts: 2,489 ✭
    My local B@M informed me that i'm not buying silver in NYC. If I want physical silver, and not the paper.

    Then I will pay what the market dictates. He said if you want silver for spot. Go buy some paper..

    Then proceeded to show me his 18.50 ASEs.... And 16.00 rounds.... imageimage
  • SmittysSmittys Posts: 9,876 ✭✭✭✭✭
    Isn't Tulving selling eagles at 3.99 over spot and you must buy at least 500.
    so 17.50-18.00 isn't bad if you're buying a few
    https://www.ebay.com/str/christyscoins
  • GreeniejrGreeniejr Posts: 1,321 ✭✭✭


    << <i>Just called my local shop and got a shock. Why so much over spot? Quoted me ASE's at $17.50 plus tax . And rounds not much under that. This is with silver at 11.83 spot. >>



    Supply and demand sir. Demand is going up, price goes up. The physical silver market is tight right now and you have to stop complaining about it.
  • rah1959rah1959 Posts: 964 ✭


    << <i>What is your B&M dealer charging for silver? >>



    Have 2 shops in the area.....both are right at $4.50-$5.00 over spot for ASE.

    $2-$3 over spot for ugly generic xmas style rounds

    NO bars of any size.......one dealer told me he pulled twelve 10oz bars 6 weeks ago for NO SALE because he had too much in them to sell at these lower levels...can't blame him but would have loved to get my hands on them.

    one shop pays fair for 40% and 90% silver coins.....normally right at the daily price for melt...the other shop a bit under melt.

    I have seen very little silver in bullion form the last 6-8 weeks...and what I have seen.....or found....at a decent price...I bought!

  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭
    $20 for a Maple Leaf.....image
    Becky
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    yep high prices here too guys! 17 for ASEs!
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • OverdateOverdate Posts: 7,016 ✭✭✭✭✭
    one shop pays fair for 40% and 90% silver coins.....normally right at the daily price for melt...the other shop a bit under melt.

    90% silver on eBay is going for 15% to 25% *over* melt.

    My Adolph A. Weinman signature :)

  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    Most shops in the area are charging $18 -$21 for 08 ASE's.

    Scott
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • GreeniejrGreeniejr Posts: 1,321 ✭✭✭


    << <i>Most shops in the area are charging $18 -$21 for 08 ASE's.

    Scott >>

  • fcfc Posts: 12,793 ✭✭✭
    silver dropped and coin shops are sold out.
    as soon as it comes in it goes out and dealers know when to make
    a buck in such an env.

    i truly do not blame them. a captive audience demanding silver.
  • GreeniejrGreeniejr Posts: 1,321 ✭✭✭
    The people who are making the money especially on eagles is MTB who raised prices
  • BAJJERFANBAJJERFAN Posts: 31,088 ✭✭✭✭✭


    << <i>Just called my local shop and got a shock. Why so much over spot? Quoted me ASE's at $17.50 plus tax . And rounds not much under that. This is with silver at 11.83 spot. >>



    Because his buy price probably had not much to do with $11.83 spot price if yer talkin physical metal in your grubby witto paw. Do you expect him to sell at a loss? If silver suddenly dropped to $5 do you think that every one shud have some to sell at $6.50? Buying and selling with nothing more than fone calls is one thing. Walking out of his shop with a chunk of metal in your hand is something else.
    theknowitalltroll;
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