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I took the plunge...........

karpman9karpman9 Posts: 309 ✭✭
in Precious Metals
and bought a 2010 sealed Green Monster of 500 ASEs from APMEX. I know I should have done it yesterday when silver was $0.25 less than today but......oh well. I pulled the trigger anyway. I was torn as whether to buy the ASEs or #50, 10oz bars or #5 x100 oz bars or a $1000 bag of junk silver. I kind of wanted the $1000 bag but was concerned about "slicks" comprising the majority of coins and also concerned about the buy back less than spot. Same on the bars, selling ahead of spot and buying behind spot.

Whatever happened to buying bars and junk silver at spot and giving up 5-6% at sell?

My per price on the 2010 sealed Monster with APMEX was $18.69. I didn't see any better pricing anywhere including Tulving.

Best regards,
Jeff.K. Karp

Meet my first little guy, Benjamin. Born 4/8/2007
Pic taken at 2.5 years of age.
image

Comments

  • CaptHenwayCaptHenway Posts: 32,250 ✭✭✭✭✭
    Oh-oh!
    There goes the market tomorrow!!!!!!!!!!!!!!!!!!!!!
    AAAAIIIIEEEEEEE!!!!!!!!!!!!!!!

    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.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    nice!

    If it was me, I would have used that money to get some gold, many rolls of ASEs, many 10 oz bars, many 1 oz bars/rounds, 5 oz bars, and 90% silver. I like diversity image

    Plus seeing as you have kids, you could get your kid interested and show him all the silver you have, a monster box of ASEs is just boring image
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  • illini420illini420 Posts: 11,466 ✭✭✭✭✭
    I would have gone for the $1000 bag of 90% if it was a decent price. I'm sure the premium you paid for silver eagles was substantially more than any premium that was being charged on the 90%. and even if they were all slick you wouldn't really be losing that much silver, maybe a few ounces over the entire bag. and from what I've seen on the forum here, 90% is pretty easy to sell to forum members expense free at or even slightly above melt prices. There's no reason that you would have had to sell to a dealer for less.

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    You could also stop by your local coin store and if they allow you, pick out all the nicer 90%.

    My local store has the 90% in tupperware containers and I go through them and pick out the nicer coins and leave the slicks and dinged up ones for others imageimage
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  • MesquiteMesquite Posts: 4,075 ✭✭✭
    Good call on the green monster. You chose wisely IMHO.
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
  • BobkBobk Posts: 593
    I agree with Mesquite. Bob
    Pecunia in arbotis non crescit.
  • carew4mecarew4me Posts: 3,473 ✭✭✭✭
    Yep, monster is a fine choice that has a larger market than bars.

    %90 - dirty,handled coins. image

    keep the monster sealed up , leaving on the strap, your good to go.

    Loves me some shiny!
  • OPAOPA Posts: 17,124 ✭✭✭✭✭


    << <i>Good call on the green monster. You chose wisely IMHO. >>



    image

    Good price, based on spot.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,905 ✭✭✭✭✭
    A Green Monster is a very worthy choice.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • keepdachangekeepdachange Posts: 1,374


    << <i>A Green Monster is a very worthy choice.image >>

    image
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Nice. A sound, logical play.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • karpman9karpman9 Posts: 309 ✭✭
    Thanks for the input guys. Was my first post to the PM forum. After beating my head against the wall with indecision this past weekend, and not pulling the trigger @ $16.23 per oz, I'm pretty content with the purchase. I sold my all of generic Saints last December when premiums were higher in order to buy more silver. My silver holdings are well diversified in multiple 10 oz bars, 100 oz bars, $750 face in junk halves and now the Monster. All good.

    The temptation now is to resist opening the sealed box!

    Thanks again!
    Jeff.K. Karp

    Meet my first little guy, Benjamin. Born 4/8/2007
    Pic taken at 2.5 years of age.
    image
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    looks like you do have a diversified holding! Post a pic of the monster box when you get it imageimage
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  • CaptHenwayCaptHenway Posts: 32,250 ✭✭✭✭✭


    << <i>You could also stop by your local coin store and if they allow you, pick out all the nicer 90%.

    My local store has the 90% in tupperware containers and I go through them and pick out the nicer coins and leave the slicks and dinged up ones for others imageimage >>




    You have an unbelievably tolerant B&M............

    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.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    haha, capthenway, I only buy a little bit, so don't think I am taking all the good stuff and leaving the bad. If the tupperware bin has lets say 100 FV of mercs, I will only buy like 2 fv so there is still lots of nice stuff for others.
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  • 57loaded57loaded Posts: 4,967 ✭✭✭
    good buy....
    shallow water, a life preserver, jumping in feet first....all the right moves

    image
  • CaptHenwayCaptHenway Posts: 32,250 ✭✭✭✭✭


    << <i>haha, capthenway, I only buy a little bit, so don't think I am taking all the good stuff and leaving the bad. If the tupperware bin has lets say 100 FV of mercs, I will only buy like 2 fv so there is still lots of nice stuff for others. >>




    And people on here lose sleep worrying that dealers are cherrypicking solid rolls of silver eagles...........

    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.
  • guitarwesguitarwes Posts: 9,266 ✭✭✭


    nice pickup. You won't be sad you too the plunge with the price you paid for that monster box. If I had the dough, I'd buy 1 monster box and $1000 face 90% every year. Can't go wrong with either of those two.

    -wes



    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • Norseman88Norseman88 Posts: 962


    << <i>You could also stop by your local coin store and if they allow you, pick out all the nicer 90%.

    My local store has the 90% in tupperware containers and I go through them and pick out the nicer coins and leave the slicks and dinged up ones for others imageimage >>



    Thats what I do, take out the better dates and xf-au walkers and mercs and leave the scrubs for someone else but I have to quit buying soon as I have roughly $8,000 face of 90%. image
  • Norseman88Norseman88 Posts: 962


    << <i>

    << <i>You could also stop by your local coin store and if they allow you, pick out all the nicer 90%.

    My local store has the 90% in tupperware containers and I go through them and pick out the nicer coins and leave the slicks and dinged up ones for others imageimage >>




    You have an unbelievably tolerant B&M............

    image >>



    What difference does it make as long as he pays the owner the posted price and he lets him do it??? The two stores I go to let me do this all the time, of course it helps if you spend enough money to make it worth their while.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    I know the owner and the "manager" of the place so they put up with me imageimageimage
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  • OPAOPA Posts: 17,124 ✭✭✭✭✭
    APMEX price now $17.46 for the box.... how much further would you wait before jumping in?
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Today's close-maybe tomorrows?
    Avid collector of GSA's.
  • bouchardaboucharda Posts: 2,941


    << <i>APMEX price now $17.46 for the box.... how much further would you wait before jumping in? >>



    Too late..."Out of Stock"
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    wanted to go to the local B&M store........got there and a sign said: "We will be closed today and be open tomorrow" How convenient imageimage
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