Best Price For 500 Coin "Monster Box" Silver Eagles?
billt
Posts: 13
My wife and I are thinking about buying a 500 coin sealed "Monster box" of Silver Eagles. We are looking for more of a good bullion price than a collectors price. Basically the most coins for the buck. The prices range from the $9,400 range up to the $15,000.00+ range. What do you buy? And how do you know you're not getting shafted? Also you get these things sealed. You of course want to open them to see if you have got the product you went for, but if you do the value depreciates. How do you know you got what you in fact paid for? Bill T.
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Comments
<< <i>Good God you guys have a way of making us feel welcome!! >>
Don't take it personally - Russ used to welcome all newcomers with a "fresh meat" declaration (he doesn't seem to post here much anymore - maybe his keyboard finally wore out). Consider it a friendly welcome!
And - welcome to the boards! You will learn alot if you stick around.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
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Tulving Co.
Repetition of ignorance is ignorance raised to the power two.
Miles
<< <i>Wait till you feel the heft of that Monster!! You will be happy and impressed and Welcome to The Forum.
Miles >>
I'm guessing around 31 1/4 pounds. Bill T.
jim
<< <i>Please read carefully, yes tulving is 20 c cheaper per coin, but if you read carefully, ther monster box has been opened(meaning searched) vs apmex monster box is sealed. now if your just buying for bullion then, no big issue. but if you search em, thats potenitally a couplehundred $ you gave up by not pulling out the 70's.
jim >>
Mine's unopened, mine's unopened.
<< <i>Please read carefully, yes tulving is 20 c cheaper per coin, but if you read carefully, ther monster box has been opened(meaning searched) vs apmex monster box is sealed. now if your just buying for bullion then, no big issue. but if you search em, thats potenitally a couplehundred $ you gave up by not pulling out the 70's.
jim >>
Good catch. And there is always a catch...
42 lbs per box!
I just received 2 boxes!
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<< <i>Please read carefully, yes tulving is 20 c cheaper per coin, but if you read carefully, ther monster box has been opened(meaning searched) vs apmex monster box is sealed. now if your just buying for bullion then, no big issue. but if you search em, thats potenitally a couplehundred $ you gave up by not pulling out the 70's.
jim >>
Speaking only for myself, I know I'd never make out by trying to pick out 70s. What I would spend in submission fees, shipping, time searching 500 coins and being in the hole on the 69s would eat up a couple hundred easily.
If I wanted the cheapest bullion, I wouldn't care if the box was opened or not. In fact I would surely open it just to make sure I got what I paid for.
I wonder if some dealers who sell ASEs by date would cut the price a bit if you wanted 500 ASEs and didn't care about dates. I could imagine there would be someone who would be happy to shave a little off the price to move some dates that they are overstocked on.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<< <i>Please read carefully, yes tulving is 20 c cheaper per coin, but if you read carefully, ther monster box has been opened(meaning searched) vs apmex monster box is sealed. now if your just buying for bullion then, no big issue. but if you search em, thats potenitally a couplehundred $ you gave up by not pulling out the 70's.
jim >>
Huh? The price difference is 20 cents per coin or $100 on a box?
Unless of course I missed something.
And lets not EVEN get into the differences between MS69 and MS70 but, some SAE errors are known to exist.
The name is LEE!
$16.05 + $1.99 over spot = $18.04 per coin. $18.04 X 500 coins = $9,020.00 for a 500 coin unopened monster box??
Metals are all tanking today
<< <i>$17.41 x 500 = $8705 (plus shipping)
Metals are all tanking today >>
They sure are. CMI just E-Mailed me with spot at $15.40, down .96 cents today.
Same thing happened last time the metals tanked.....they become unavailable until the price goes up again
Probably just a coincidence
Link
1.) $5.00 face value as opposed to $1.00
2.) .9999 fine as opposed to .999
3.) $70.00 cheaper per Monster Box.
What, if any downside is there to the Silver Maple Leaf over the American Eagle? Thanks in advance, Bill T.
<< <i>I got mine from Northwest Territorial Mint. Monster box going for $8,890.00 today.
Link >>
Thats a 2.35 premium on each coin in a sealed box where Tulving is currently getting 1.99 premium per coin in a sealed box. Tulving is cheaper by $180. NTM is always my second choice when Tulving is out of stock. As of right now Tulving is out of monster boxes. They both offer free shipping.
Repetition of ignorance is ignorance raised to the power two.
<< <i>In browsing Northwest Territorial Mint's website, it seem that the Canadian Silver Maple Leaf Monster Box is somewhat of a better buy than the Silver Eagle Monster Box.
1.) $5.00 face value as opposed to $1.00
2.) Doesn't seem to matter to the market (buyers). Market sets premium based on demand. Both coins 1 troy ounce of silver, seems to be all that matters to the buyers.
3.) $70.00 cheaper per Monster Box.
What, if any downside is there to the Silver Maple Leaf over the American Eagle? Thanks in advance, Bill T. >>
1. Would only matter if silver spot dropped below $5. And then you have to also calculate effect of exchange rate. All that matters is that both coins are one ounce of silver
2. Explains the small premium eagles get of maples.
3. Difference in premium between the two coins. Always consider resale on your bullion investment. Eagles are in higher demand, thus the premium.
Nothing wrong with the Maples. Always the best second choice when spot price is down and eagles aren't available (happened last year). If you're buying for collector purposes, I have noticed at least twice as much of a milk spot problem with the maples. I buy for bullion so I don't let spotting affect my decision.
Repetition of ignorance is ignorance raised to the power two.
jim >>
<<Good catch. And there is always a catch...>>
No catch, Tulving sells them sealed and unsealed and their site clearly states the difference. 20 cent per coin difference ($100) between sealed and unsealed. I haven't found anybody that beats Tulvings price, sealed or unsealed. Just make sure when you compare prices bwetween two different suppliers that you compare sealed against sealed.
disclaimer: in no way affiliated with Tulving, just a very satisfied customer trying to pass it on.
Repetition of ignorance is ignorance raised to the power two.
2.) .9999 fine as opposed to .999
2. Explains the small premium eagles get of maples.
Why would a lesser fine grade command a better price? The American Silver Eagles are .999 Fine, while the Silver Maple Leafs are .9999 Fine. Maple leafs have always been as pure grade of Bullion as can be obtained. Bill T.
<< <i>Eagles are .999 Fine. Silver Maple Leafs are .9999 Fine, a higher grade. Why would a lesser grade of bullion command a better price? Maple Leafs in both gold and silver have always been a higher grade of Fine over Eagles. The metal goes through an Electrolytic process that removes virtually any and all contaminates. Bill T. >>
Forces of the free (for now) market. Greater demand for eagles, especially when re-selling. More buyers want eagles vs. maples. Works the same with gold maples. If silver eagles were .9999 you'd probably see a bigger spread on the premiums. Bottom line is that both coins are 1 troy ounce of silver.
Repetition of ignorance is ignorance raised to the power two.
--Severian the Lame
Silver was also confiscated, but not US coins
Repetition of ignorance is ignorance raised to the power two.
"Photography used 30.98% of the silver consumed in 1998 in the form of silver nitrate and silver halides. In 2001, 23.47% was used for photography, while 20.03% was used in jewelry, 38.51% for industrial uses, and only 3.5% for coins and medals. The use of silver in photography has rapidly declined, due to the lower demand for consumer color film from the advent of digital technology, since in 2007 of the 894.5 million ounces of silver in supply, just 128.3 million ounces (14.3%) were consumed by the photographic sector, and the total amount of silver consumed in 2007 by the photographic sector compared to 1998 is just 50%."
http://en.wikipedia.org/wiki/Silver
I am amazed that only 3.5% is used in coinage. Bill T.
Repetition of ignorance is ignorance raised to the power two.
<< <i>I have to admit, I am very attracted to this metal. I think Hussein will do great damage to our monetary system with his endless spending and printing of money. Silver is easily purchased and can be used in small amounts for bartering in the event of a total economic meltdown. I'm not one of these doomsday predictors, but it does in fact worry me. We have the bulk of our assets in insured annuities, but I do want to start moving a portion of it into Silver. "Monster Boxes" of Eagles and Maple Leafs are easily stored. I have several safes, (I'm a gun collector as well). The never ending problem is when to buy? I'm, thinking of the next spike down below the $14.00 mark, and I'll buy. That's the problem with investing in ANYTHING. When to buy?????????? Bill T. >>
As price falls, availabiltiy becomes the issue. With silver currently at 15.25 Tulving is out of eagles and maples. Unlike the other sites, they don't pre-sell.
Bill turn on your Private Messages function. I was gonna send this but I'll just post it here:
Silver's Performance
Repetition of ignorance is ignorance raised to the power two.
<< <i>I have to admit, I am very attracted to this metal. I think Hussein will do great damage to our monetary system with his endless spending and printing of money. Silver is easily purchased and can be used in small amounts for bartering in the event of a total economic meltdown. I'm not one of these doomsday predictors, but it does in fact worry me. We have the bulk of our assets in insured annuities, but I do want to start moving a portion of it into Silver. "Monster Boxes" of Eagles and Maple Leafs are easily stored. I have several safes, (I'm a gun collector as well). The never ending problem is when to buy? I'm, thinking of the next spike down below the $14.00 mark, and I'll buy. That's the problem with investing in ANYTHING. When to buy?????????? Bill T. >>
A true "metals enthusiast "in the making, you should join your brethren on the precious metals board.