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What is a fair buy price for a 1/10 oz AGE?

PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭
in Precious Metals
A friend has a 1/10 oz AGE and wants to sell it to me. What should I offer him? What are dealers paying these days for 1/10 oz AGE's?

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

Comments

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    On line dealers are paying around 7.5% over spot I do believe............I feel like this is deja vu all over againimage MJ

    edited to add---- on line...............
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • gecko109gecko109 Posts: 8,231 ✭
    Most dealers would pay melt or +2%. In a private sale, especially since he is your friend, an offer of around melt +7% seems fair. That way its cheaper for you to buy from him than buying from a dealer, yet he gets more by selling to you than by selling to a dealer.
  • cjmezzcjmezz Posts: 467
    my dealer is getting $130-140 each
    "When someone tells you nothing is impossible, ask them to dribble a football"

    MANY positive BST Transactions
  • jmski52jmski52 Posts: 22,826 ✭✭✭✭✭
    CNI appears to be paying 8.7% over spot.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>CNI appears to be paying 8.7% over spot. >>



    How many B&M dealers pay CNI prices? Not many, I imagine.

    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

  • gecko109gecko109 Posts: 8,231 ✭


    << <i>

    << <i>CNI appears to be paying 8.7% over spot. >>



    How many B&M dealers pay CNI prices? Not many, I imagine. >>





    Around here? Exactly zero.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    I'm glad CNI is my B & Mimage

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>I'm glad CNI is my B & Mimage

    MJ >>




    Doesnt matter since you never sell anyway!!!image
  • tydyetydye Posts: 3,894 ✭✭✭
    I purchased 6 this weekend for $135 each and was very happy with that price. I went back later to get more but he was sold out so I guess others felt the same way
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>I purchased 6 this weekend for $135 each and was very happy with that price. I went back later to get more but he was sold out so I guess others felt the same way >>




    18% over is about right....not a GREAT price, but not a ripoff either. Call the dealer and ask what he is paying on those same coins though. I'd wager that he is right at melt, and maybe 2-3% over melt if he has a buyer waitlist.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>

    << <i>I'm glad CNI is my B & Mimage

    MJ >>




    Doesnt matter since you never sell anyway!!!image >>


    true datimage MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • BigEBigE Posts: 6,949 ✭✭✭
    I have a 2006-W burnshed, but I am not selling it 'till I get 215.00 for itimage---------BigE
    I'm glad I am a Tree
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>I have a 2006-W burnshed, but I am not selling it 'till I get 215.00 for itimage---------BigE >>



    Mine are on the way to beaver country! image
    Avid collector of GSA's.
  • dohdoh Posts: 6,457 ✭✭✭
    I recently picked up a couple "NGC 69s" for $125 each which I was happy with.

    Positive BST transactions with: too many names to list! 36 at last count.
  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    $125 is a fair price for both parties.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OffMetalOffMetal Posts: 1,684 ✭
    I agree with $125 figure as stated in quite a few posts above.

    I do remember spending my monthly allowance every month on one of those for $30 back when I was in 4th grade, and was beyond thrilled to get a 1/4 oz for $66 image

    Ben
    -Ben T. * Collector of Errors! * Proud member of the CUFYNA
  • ProofCollectionProofCollection Posts: 6,121 ✭✭✭✭✭
    Call a B & M and offer to match whatever they will pay.
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