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APMEX is currently selling their brand 100 oz bars for $80 more than Johnson-Matthey bars.

PerryHallPerryHall Posts: 46,231 ✭✭✭✭✭
in Precious Metals
Does this make sense? Are APMEX bars better than Johnson-Matthew bars?

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

Comments

  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    They are the "New Matte Finish", I guess they are trying to establish a premium for them.
    imageQuid pro quo. Yes or no?
  • WingsruleWingsrule Posts: 3,013 ✭✭✭✭
    That 'premium' has existed for awhile now.
  • PerryHallPerryHall Posts: 46,231 ✭✭✭✭✭


    << <i>That 'premium' has existed for awhile now. >>



    Does it make sense? Not to me.

    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

  • carscars Posts: 1,904
    Did you just answer your own question? lol
    Its all relative
  • PerryHallPerryHall Posts: 46,231 ✭✭✭✭✭


    << <i>Did you just answer your own question? lol >>



    I was curious if it made sense to anyone here and, if so, why they felt it made sense. The silence in response to my question speaks volumes.

    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

  • fcfc Posts: 12,793 ✭✭✭
    basically they have to pay to have them fabricated.
    while the JM bars are made by an outside company in large quantities
    which lowers the wholesale cost for them to buy at. In other words
    they can probably buy JM bars for spot.. while the APMEX bars they
    have to buy silver at spot and then get them fabricated with a custom
    design.

    my two cents.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    I think it's more likely that JM, as a manufacturer, probably ramped up production to respond to the spike in demand and is now unloading them for a smaller premium. APMEX is probably locked into some older prices it paid someone else to manufacture them, and doesn't want to talk a loss.

    This is just a guess. You could always call APMEX and ask someone. image
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • Norseman88Norseman88 Posts: 962
    No it doesn't make any sense at all, Even though .999 silver is silver I would rather own a JM 100 oz. bar than an APMEX 100 oz. bar all things being equal.
  • calleochocalleocho Posts: 1,569 ✭✭
    to be fair , their buy price its higher as well.
    "Women should be obscene and not heard. "
    Groucho Marx
  • TexasNationalsTexasNationals Posts: 3,837 ✭
    economies of scale, simple enough. Nothing makes sense to me in PM buying. $15 for 1 gm. of silver, 4x for poured silver/per ounce???
  • PerryHallPerryHall Posts: 46,231 ✭✭✭✭✭


    << <i>to be fair , their buy price its higher as well. >>



    If you sold them to anyone other than APMEX, will you get offered $80 more for the APMEX than the Johnson-Matthey bars? No way!!!

    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

  • OPAOPA Posts: 17,124 ✭✭✭✭✭


    << <i>

    << <i>to be fair , their buy price its higher as well. >>



    If you sold them to anyone other than APMEX, will you get offered $80 more for the APMEX than the Johnson-Matthey bars? No way!!! >>



    Don't know ... but this one sold on eBay for .. $1551

    eBay Link

    and 10 ... 10 oz APMEX bars sold for: $1799 on eBay ... appears to be a decent market for them..
    10 oz'ers sold
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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