2008 1 oz Silver American Eagles in any quantity for $3.49 over spot!

ca0100000 · November 30, 2008 2:12AM

Just got an email from apmex. Looks like a good deal.

The Holiday Season has arrived and with it comes savings from APMEX.com! For the next 12 days, we are offering extraordinary savings on a variety of our bullion and numismatic items! Every third day we will be sending you the latest addition to our Holiday list of bargains. Each day we offer a different discount, and you have until 11:59pm EST before the savings expire. December 1, marks the beginning of our holiday discount with 2008 1 oz Silver American Eagles in any quantity for $3.49 over spot!

Have a safe and happy Holiday Season and enjoy the APMEX 12 Days of Christmas Sale!

Silver American EaglesReleased in 1986, Silver Eagles are America’s only official investment-grade silver bullion coins. Silver American Eagles are the world’s only silver bullion coins whose weight, content and purity are guaranteed by the U.S. Government.
Buy your 2008 Silver American Eagles Today!

Get Silver American Eagles Now!

$3.49 Over Spot Any Quantity

**While supplies last. Monday only.

Coll3ctor · November 30, 2008 2:14AM

I just bought 500 2008 silver eagles on eBay for an average of $11.90 per ounce, if I get my MS cashback.

COINB0Y · November 30, 2008 2:20AM

WOW! That's a Great Deal, Gary!

ttown · November 30, 2008 2:28AM

Not bad unless you live in Oklahoma with there sales tax.

Coll3ctor · November 30, 2008 2:32AM

<< WOW! That's a Great Deal, Gary! >>

Just bought 80 more ounces @11.70 per ounce

I've almost reached my limits on the cashback deal

Clicky

OPA · November 30, 2008 2:59AM

US Mint must be catching up with their backlog. I anticipate that the margins for PM's will be back to normal after X'mas.

Deadhorse · November 30, 2008 3:45AM

<< US Mint must be catching up with their backlog. I anticipate that the margins for PM's will be back to normal after X'mas. >>

Respectfully, the margins for PMs will never return to "normal".

fc · November 30, 2008 4:25AM

<< 

<< WOW! That's a Great Deal, Gary! >>

Just bought 80 more ounces @11.70 per ounce

I've almost reached my limits on the cashback deal

Clicky >>

ditto. you have to be a wise shopper to pay normal bullion prices.
m$ cash back is the only way to go right now for normal bullion prices.

OPA · November 30, 2008 4:55AM

<< 

<< US Mint must be catching up with their backlog. I anticipate that the margins for PM's will be back to normal after X'mas. >>

Respectfully, the margins for PMs will never return to "normal". >>

Mmm $3.49 above spot is only the beginning, it's beginning to take shape on eBay. You'r just fooling yourself if you think $5 or $6 above spot is here to stay.

roadrunner · November 30, 2008 5:06AM

US Mint must be catching up with their backlog. I anticipate that the margins for PM's will be back to normal after X'mas.

Not so sure on that.

My local shop could sell thousands of eagles if it had the supply. Just this past week they got in their XMas "supply" of 40 pieces. How long will those last? And they are getting $3+ over spot for 100 oz bars and not keeping many around. Still looks like the supply is not even close, esp on the SAE's. I would agree that the $5-6 spot premium won't last. But that's only because the price of silver will go up a few bucks, still netting $3 premiums.

roadrunner

OPA · November 30, 2008 5:14AM

You'll see the price drop, after "Joe Bloe" unloads some of the 18+ Million 2008's that have already been sold thinking he's gonna make a fortune or he or she needs to pay a bill. Cash will be King in 2009 ... Silver, in my book, is a poor investment now....stick with Gold.

roadrunner · November 30, 2008 5:49AM

Most of those 18 MILL SAE's are in safe good hands. Sort of like the thousands of tons of gold jewelry that exists in India. You won't see that stuff hitting the market anytime in the future. If the flippers had the SAE's they've already been flipped. Any players looking for the arbitrage in trading SAE's towards 100-1000 oz bars have already done so. For those J6P's that purchaed eagles, I doubt that the % that gets sold to pay bills will be all that high. The fact is that even smaller bars are still bringing 25-30% premiums. The rest are staying put for the most part. Just like the gold ouncers are. The shortages exist because silver are gold are real cash. Not paper promises. I would probably agree that gold appears safer than silver at the moment. But that doesn't mean it can't outperform gold in 2009.

roadrunner

cinman14 · November 30, 2008 6:16AM

<< Not bad unless you live in Oklahoma with there sales tax. >>

I have never been charged a sales tax on my bullion deals from them Apmex or TTD..

Maybe they don't like you.....

COINB0Y · November 30, 2008 7:37AM

There is something to that.

Once the MS Live thing ends, Buying pressure will collapse.

halfhunter · November 30, 2008 7:50AM

Just bought 80 more ounces @11.70 per ounce I've almost reached my limits on the cashback deal

Yesterday I bought 2 ASE rolls for $670 w/200 back or 11.75ea. BTW the rebate is already in my PP account! This was my first MS Live CB deal.

With 30% CB we're actually buying ASEs for <.10 more than the Mint's "chosen few" distributors would pay at current spot!
($10.26+1.40 = $11.66)

Stack'um High!

John

OPA · November 30, 2008 9:17AM

<< Most of those 18 MILL SAE's are in safe good hands. Sort of like the thousands of tons of gold jewelry that exists in India. You won't see that stuff hitting the market anytime in the future. >>

I don't mean to "burst your bubble," but the selling has already begun. ( Just check out the selling frenzie on eBay for the 2008 rolls) The only thing holding up this "house of cards", is the MS Cash back. Once that's gone .... kaboom.

BTW out of 304 ASE rolls currently up for auction on eBay...168 are for 2008's. This is only the tip of the iceberg.

Metalsman · November 30, 2008 10:46AM

<< 

<< Most of those 18 MILL SAE's are in safe good hands. Sort of like the thousands of tons of gold jewelry that exists in India. You won't see that stuff hitting the market anytime in the future. >>

I don't mean to "burst your bubble," but the selling has already begun. ( Just check out the selling frenzie on eBay for the 2008 rolls) The only thing holding up this "house of cards", is the MS Cash back. Once that's gone .... kaboom.

BTW out of 304 ASE rolls currently up for auction on eBay...168 are for 2008's. This is only the tip of the iceberg. >>

I hate to burst YOUR bubble. but I doubt there is any "iceberg" out there other than the US dollar... Silver and Gold will stay about where they are or go higher. We will see some shrinking of the premiums to spot but will not go back to "where they were" Just like the economy. We will almost certainly not go back to the economy of the last 8-10 years with all the extra [see equity loans] dollars being pump in EVER.. too much credit and thats what was driving the economy. Joe six pack [not plumber whom owns his own business] has very very little in the way of precious metals let alone the white collar guys or girls filling a cube in a business office park. There will be no great UNLOADING of metals as those who will need to do so dont own much to begin with. Those that do will do well when and if they decide to sell in the future.. The economy as we knew it this past decade is done and probably wont return for a couple of decades if it does at all.
Credit Worthy, Cash and Assets will be King...

rgCoinGuy · November 30, 2008 11:06PM

This deal just got better with an almost dollar drop in spot this morning!

ca0100000 · December 1, 2008 4:29AM

Looks like its sold out.
On their blog they said they sold out of their supply of 200,000 and are now offering the 2009 Silver Maple Leafs for 3.49 over spot in any quantity.

OPA · December 1, 2008 4:55AM

<< 

<< 

<< Most of those 18 MILL SAE's are in safe good hands. Sort of like the thousands of tons of gold jewelry that exists in India. You won't see that stuff hitting the market anytime in the future. >>

I don't mean to "burst your bubble," but the selling has already begun. ( Just check out the selling frenzie on eBay for the 2008 rolls) The only thing holding up this "house of cards", is the MS Cash back. Once that's gone .... kaboom.

BTW out of 304 ASE rolls currently up for auction on eBay...168 are for 2008's. This is only the tip of the iceberg. >>

I hate to burst YOUR bubble. but I doubt there is any "iceberg" out there other than the US dollar... Silver and Gold will stay about where they are or go higher. We will see some shrinking of the premiums to spot but will not go back to "where they were" Just like the economy. We will almost certainly not go back to the economy of the last 8-10 years with all the extra [see equity loans] dollars being pump in EVER.. too much credit and thats what was driving the economy. Joe six pack [not plumber whom owns his own business] has very very little in the way of precious metals let alone the white collar guys or girls filling a cube in a business office park. There will be no great UNLOADING of metals as those who will need to do so dont own much to begin with. Those that do will do well when and if they decide to sell in the future.. The economy as we knew it this past decade is done and probably wont return for a couple of decades if it does at all.
Credit Worthy, Cash and Assets will be King...

>>

I totally agree with: Credit Worthy & Cash...Assets are only good if they are liquid and a market for them.

The rest of your remarks ... Oh well, as the saying goes: If you don't have any thing nice to say, don't say it.
BTW ... I hope you didn't burn your Steak.

2008 1 oz Silver American Eagles in any quantity for $3.49 over spot!

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