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What Is a Fair Premium Over Spot

PlanchetPlanchet Posts: 294
in Precious Metals
In the area I live their are a number of B&M shops.

As a sheep seeking to avoid being fleeced, I am asking for a bit of educational advice from frequent purchasers. In today’s marketplace what is a fair premium to expect to pay over spot for an American Gold Eagle or Canadian Maple Lead in the following sizes 1 oz, 1/2 oz or 1/4 oz.

Also, what is a fair premium over spot for common date modern $5 Comm. (Statue of Liberty, Constitution etc).

Thanks, Planchet

Comments

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    I would go no higher than AMPEX.com sell prices for same coins.

    AGE's & Buff's usually carry a higher premium in this part of USA.
    Avid collector of GSA's.
  • MrOrganicMrOrganic Posts: 1,366


    << <i>In the area I live their are a number of B&M shops.

    As a sheep seeking to avoid being fleeced, I am asking for a bit of educational advice from frequent purchasers. In today�s marketplace what is a fair premium to expect to pay over spot for an American Gold Eagle or Canadian Maple Lead in the following sizes 1 oz, 1/2 oz or 1/4 oz.

    Also, what is a fair premium over spot for common date modern $5 Comm. (Statue of Liberty, Constitution etc).

    Thanks, Planchet >>



    B&M shops are leaders in the "fleecing" lol
    I would try local dealers &/or Local coin shows.

    I always get the best buy prices at shows.

    local B&M shop here L.A. told a customer $26 for a A.S.E.
    image

    BTW. online retailers/ebay is a good source to get an idea on what is fair
    Singapore & Hong Kong March/April
    Hong kong/Long Beach JUNE Table #838
    MACAU
    emgworldwide@gmail.com
    Cell: 512.808.3197
    EMERGING MARKET GROUP
    PCGS, NGC, CCE & NCS, CGC, PSA, Auth. Dealer
  • PlanchetPlanchet Posts: 294


    << <i>

    << <i>In the area I live their are a number of B&M shops.

    As a sheep seeking to avoid being fleeced, I am asking for a bit of educational advice from frequent purchasers. In today�s marketplace what is a fair premium to expect to pay over spot for an American Gold Eagle or Canadian Maple Lead in the following sizes 1 oz, 1/2 oz or 1/4 oz.

    Also, what is a fair premium over spot for common date modern $5 Comm. (Statue of Liberty, Constitution etc).

    Thanks, Planchet >>



    B&M shops are leaders in the "fleecing" lol
    I would try local dealers &/or Local coin shows.

    I always get the best buy prices at shows.

    local B&M shop here L.A. told a customer $26 for a A.S.E.
    image

    BTW. online retailers/ebay is a good source to get an idea on what is fair >>



    One dealer I contacted said that AGEs have very large premiums. He told me that he has a limited supply of one ounce Canadian Maples which were about 6% over spot, quoting me $65 over spot, and he said he had a couple of 1/2 oz Maples for which he quoted $34 over spot. He said that he didn't have any 1/4 oz Maples but said he did have one or two Australian Nugets which he would sell for $17 over spot.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,363 ✭✭✭✭✭


    << <i>In the area I live their are a number of B&M shops.

    As a sheep seeking to avoid being fleeced, I am asking for a bit of educational advice from frequent purchasers. In today’s marketplace what is a fair premium to expect to pay over spot for an American Gold Eagle or Canadian Maple Lead in the following sizes 1 oz, 1/2 oz or 1/4 oz.

    Also, what is a fair premium over spot for common date modern $5 Comm. (Statue of Liberty, Constitution etc).

    Thanks, Planchet >>



    Apmex sell prices are a good guide. I commonly bid on ebay for late date commemoratives like Statue of Liberty, Constitution, Jamestown, etc. I limit my bidding to 4% over melt. I lose with most but since they are common I only need to win on a few of these auctions when I am adding to my stack.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • PlanchetPlanchet Posts: 294


    << <i>

    << <i> I commonly bid on ebay for late date commemoratives like Statue of Liberty, Constitution, Jamestown, etc. I limit my bidding to 4% over melt. I lose with most but since they are common I only need to win on a few of these auctions when I am adding to my stack. >>



    Hi Mark

    Another local shop in my area has those coins from time to time and sells them at $10 over spot. He buys them at 95% over spot.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,363 ✭✭✭✭✭


    << <i>

    << <i>

    << <i> I commonly bid on ebay for late date commemoratives like Statue of Liberty, Constitution, Jamestown, etc. I limit my bidding to 4% over melt. I lose with most but since they are common I only need to win on a few of these auctions when I am adding to my stack.

    Hi Mark

    Another local shop in my area has those coins from time to time and sells them at $10 over spot. He buys them at 95% over spot.


    $10 over the melt value is a good price from a local shop. My local shop, if I recall correctly, buys for about 98% of melt.

    One advantage of ebay purchases (provided you don't pay to much) is that ebay Bucks can save you 2% while rebate programs like Big Crumbs or Mr. Rebates can save you 2-3% more. Using those programs when sellers offer free shipping may get your final cost down to melt or even less. Text
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • PlanchetPlanchet Posts: 294


    << <i>

    << <i>

    << <i>

    << <i>
    One advantage of ebay purchases (provided you don't pay to much) is that ebay Bucks can save you 2% while rebate programs like Big Crumbs or Mr. Rebates can save you 2-3% more. Using those programs when sellers offer free shipping may get your final cost down to melt or even less. Text >>



    What is Big Crumbs or Mr. Rebates ?
  • CaptHenwayCaptHenway Posts: 32,129 ✭✭✭✭✭
    FWIW, there are dealers on out dealer-to-dealer network who offer to pay $18 over melt for modern commemorative $5's and $10's in the opriginal capsules.

    So, don't expect people to sell them to you at $10 over melt unless you have an absolutely winning smile.....

    image
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    I saw AGE's being wholesaled at today's coin show at spot+3%. I found some of those at 1-2% over spot a short while back when spot was much higher. Krugs are seemingly available at spot or even $5-10 under at times. I picked up a couple more today at spot. Note that some of the dealers were asking +4 to +5% for the Krugs, and another $10 on top of that for Maples.

    I guess anything is out there if you are persistent and look around.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • PlanchetPlanchet Posts: 294


    << <i>FWIW, there are dealers on out dealer-to-dealer network who offer to pay $18 over melt for modern commemorative $5's and $10's in the opriginal capsules.

    So, don't expect people to sell them to you at $10 over melt unless you have an absolutely winning smile.....

    image >>



    Hi Tom

    They were in the original capsule but no Original mint box or coa. The dealer offered me two of them at spot plus $10. Maybe it was easier to sell them to a customer than wholesale them off and mail them out. I should have taken him up on the offer.
  • MrOrganicMrOrganic Posts: 1,366


    << <i>I saw AGE's being wholesaled at today's coin show at spot+3%. I found some of those at 1-2% over spot a short while back when spot was much higher. Krugs are seemingly available at spot or even $5-10 under at times. I picked up a couple more today at spot. Note that some of the dealers were asking +4 to +5% for the Krugs, and another $10 on top of that for Maples.

    I guess anything is out there if you are persistent and look around.

    roadrunner >>



    I experience this also. Seems shows give better deals than dealer-dealer networks. Now only if there was a show every weekend!!! image
    Singapore & Hong Kong March/April
    Hong kong/Long Beach JUNE Table #838
    MACAU
    emgworldwide@gmail.com
    Cell: 512.808.3197
    EMERGING MARKET GROUP
    PCGS, NGC, CCE & NCS, CGC, PSA, Auth. Dealer
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,363 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>

    << <i>
    One advantage of ebay purchases (provided you don't pay to much) is that ebay Bucks can save you 2% while rebate programs like Big Crumbs or Mr. Rebates can save you 2-3% more. Using those programs when sellers offer free shipping may get your final cost down to melt or even less. Text >>



    What is Big Crumbs or Mr. Rebates ? >>




    PM Sent
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • CaptHenwayCaptHenway Posts: 32,129 ✭✭✭✭✭


    << <i>

    << <i>FWIW, there are dealers on out dealer-to-dealer network who offer to pay $18 over melt for modern commemorative $5's and $10's in the opriginal capsules.

    So, don't expect people to sell them to you at $10 over melt unless you have an absolutely winning smile.....

    image >>



    Hi Tom

    They were in the original capsule but no Original mint box or coa. The dealer offered me two of them at spot plus $10. Maybe it was easier to sell them to a customer than wholesale them off and mail them out. I should have taken him up on the offer. >>



    Could be. Some of the smaller coin show circuit dealers are undercapitalized, and can't afford to tie up $500 bucks for two coins, pay the shipping and wait a week for their money. Some people don't want to gamble on spot dropping. Some people just don't care, and if they are making money on a quick flop are happy.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • CaptHenwayCaptHenway Posts: 32,129 ✭✭✭✭✭


    << <i>

    << <i>I saw AGE's being wholesaled at today's coin show at spot+3%. I found some of those at 1-2% over spot a short while back when spot was much higher. Krugs are seemingly available at spot or even $5-10 under at times. I picked up a couple more today at spot. Note that some of the dealers were asking +4 to +5% for the Krugs, and another $10 on top of that for Maples.

    I guess anything is out there if you are persistent and look around.

    roadrunner >>



    I experience this also. Seems shows give better deals than dealer-dealer networks. Now only if there was a show every weekend!!! image >>



    There are indeed deals to be had here and there, now and then, in limited quantities you have no say over.

    If you want to buy or sell gold or other precious metals RIGHT NOW, in the quantity of your choosing, come see us.

    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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