Home Precious Metals

Poll: 2009 purchases average premium paid

I'll run a similar poll on the U.S. Coin forum. Respond here is you mostly post here. Respond there if you mostly post on the coin forum.
U. S. Coin forum thread

The question is for your 2009 purchases of coins, bullion, bars, what was the melt value to price paid ratio. For example a silver eagle bought for $20 with silver at $18 has a 90% ratio. A proof silver eagle might be $45 for about a 35% ratio.

When reviewing my 2009 coin and bullion purchases, my own answer surprised me.

Comments

  • DarinDarin Posts: 7,043 ✭✭✭✭✭
    I just bought 140 silver eagles from Apmex and it figured out to an 84% ratio including shipping cost.
    I don't think I can figure it for all my 2009 purchases, because I know the price I paid but not the spot prices at the time of purchase.
  • jimq112jimq112 Posts: 3,511 ✭✭✭
    I mostly buy generic things like pamp suisse bars and engelhard bars so I try not to pay much of a premium. Overall probably 85% or more. I end up with not pretty metal but I like it better than $20 bills or a bigger number on my bank statement.
    image
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    I paid between spot & $50 premiums. Between Aug. 09 & today.

    Spot price was rising so fast I actually feel I paid less than current spot.

    The paying of shipping on a $80 premium on 1oz of gold is outrageous in my book.

    As long as buyers do it though they will keep charging.
    Avid collector of GSA's.
  • To my surprise I bought a bunch of collector coins and virtually no bullion related coins in 2009. So my 2009 ratio is maybe 5%. In prior years, I often sought out old coins trading for near melt value.
Sign In or Register to comment.