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What's a fair price for a 1/10 oz AGE?

PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭
in Precious Metals
I have a friend who wants to sell me a few 1/10 oz AGE's of various dates and I want to pay him a fair price but not full retail. What are dealers paying for 1/10 oz AGE's? Do any dates carry a premium over the generic dates? Thanks for any help.

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"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

  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    The US Mint charges the "Authorized Purchasers" ...9% above spot. (That is the lowest premium you are going to find)...Now the Authorized Purchasers sell them to bullion Dealers, I would guess at 20% above spot. As such, I would say paying no more than 20% above spot, is a good price.US Mint
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭
    What are dealers that buy/sell bullion paying for 1/10 oz AGE's? Do they normally pay 9% over melt for these coins?

    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

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    buy prices are around $122 and sell prices at around $137 from volume dealers with gold @ $1090. MJ
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  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>buy prices are around $122 and sell prices at around $137 from volume dealers with gold @ $1090. MJ
    CNI quote >>



    Thanks. That's what I was looking for.

    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: 17,119 ✭✭✭✭✭


    << <i>

    << <i>buy prices are around $122 and sell prices at around $137 from volume dealers with gold @ $1090. MJ
    CNI quote >>



    Thanks. That's what I was looking for. >>



    In order to lock in that price, "minimum bullion order is $2000" .... & I suspect that does not include the 2009 1/10th ozers.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BBNBBN Posts: 3,761 ✭✭✭
    Curious to know who does the mint consider "authorized" to buy bulk silver and gold?

    *edit* nevermind. read the link. Why do they set these guidelines? To prevent massive hoarding?

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

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