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Is spot + 15% a decent price on 1/10 AGE's??

TexasNationalsTexasNationals Posts: 3,837 ✭
in Precious Metals
Been picking these up locally and pay typically spot +15%, obviously the larger the coin (amount of gold in it) equates to spot + a lower %. ANyone have any thoughts or a breakdown? Like 1/10 +10%, 1/4 +7% and so on?? I can buy gold panda's 1/10 ans 1/20 oz for spot + 10%, thoughts?

Comments

  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    Seems to be the going rate. I've been picking them on ebay for around 12-13% with free shipping. Tulving.com offers them for 12% if buying quantity with free shipping. Look at Apmex.com pricing for all the flavors to get an idea, but of course you have to add shipping costs.

    "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

  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    Do you get a higher premium than the 1 oz. when you go to sell them?

    My Adolph A. Weinman signature :)

  • Steve27Steve27 Posts: 13,274 ✭✭✭
    My thoughts are as follows:

    1) When you can buy silver eagles for 5% over spot, 15% over spot for 1/10 gold eagles seems very high.

    2) When gold is at or near its high, as it is today, I expect the premium over spot to be at its lowest, thus again 15% seems very high.


    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    My thoughts are as follows:

    1) When you can buy silver eagles for 5% over spot, 15% over spot for 1/10 gold eagles seems very high.

    2) When gold is at or near its high, as it is today, I expect the premium over spot to be at its lowest, thus again 15% seems very high.

    I agree with Steve27 on point #1, but not so much on point#2.

    Nobody ever seems to know what silver is going to do. I'm in the camp of believers that silver will one day be highly-sought, and when that day does appear, you will only have only option - selling. That's because there will be no silver to be found at any price.

    15% is on the high end of what the range for 1/10th ozer AGEs usually is, but premiums usually are high when the market is tight and it seems to be tight right now. OTOH, that could simply be a "chicken or the egg" question - and the market appears tight because the market is high.

    Even if 15% is the going rate, if your plan is to accumulate, and if you have "enough" silver, then there is no reason not to buy at spot + 15%, imo.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    premium is determined by demand (what buyers are willing to pay).

    "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

  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Your Authorized US Mint Dealers pay spot +9% for the 1/10 bars. As such, 15% above spot is not unreasonable for the later year issued ones. Matter of fact, the 2009 on eBay are averaging 20%+ over spot.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • ttownttown Posts: 4,472 ✭✭✭
    I'd say supply and demand. Why is physical gold seperating from paper at that rate. Could it really be there big demand for gold that they can't keep up with or have to pay a higher priemum? It tells me dealer are having a harder time getting fractional gold than silver coins. Could be wrong but we have some dealers here that could clear it up.
  • MetalsmanMetalsman Posts: 2,064 ✭✭✭
    Maybe a question you might ask you self is... " how many of your 1/10th's you hold now would you sell at that price?" Or put out a WTB listing for 1/10th's at spot plus 15% or lower depending on what you want to pay. I'd be willing to bet you will not any replies willing to sell at that price unless you are talking 10 pieces or more. Pretty simple its the current market.... supply and demand. My opinion is there will always be a premium when you buy top tier fractional gold bullion coins. 15% now is very fair and below average. JMHO.
  • TexasNationalsTexasNationals Posts: 3,837 ✭
    My rule is 50 oz. of silver per week, 2 1/10 oz AGE and 1 1/4 oz AGE, each and every week so I can cost average. Once a month I buy 1 1/2 oz and 1 1oz AGE, but today I broke the trend and got a 1 oz. buffalo. I figure they are easy to store and sell. Long story short, when I was making super high dollars overseas (not bragging just explaining) I ran out of places to put money, Roth IRA, IRA, 401k, EE bonds etc, any more and my taxes would have gone up big time as I was working tax free overseas. There are rules about how much you can put where tax free before they slam you. So, I always collected coins, but in the middle east PQ US material is tough to come by, LOL, especially in a battle zone. But 22k-24k gold bars, coins, jewelry etc was all over and is easily sold, bought and traded there. Anyways I ended up buying a kilo gold bar and several 100 gram gold bars along with some 5 and 10 oz gold bars from pamp, credit, etc. But now that gold is so high, it is king of tough to sell them and stay under the radar, not that I ever would avoid capital gains, it is just a pain so I am sitting on them. That is when I started buying 1 oz bars and coins and now that the whole $600 thing is a possibility, 1/10 AGE stack in dime tubes nicely and 1/4 AGE stack in quarter tubes nicely also.

    SHould I diversify and buy maple leafs and panda's too?? Does it really matter?? Do people care if it is .917 or .999 if the gold is there?
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>I'd say supply and demand. Why is physical gold seperating from paper at that rate. Could it really be there big demand for gold that they can't keep up with or have to pay a higher priemum? It tells me dealer are having a harder time getting fractional gold than silver coins. Could be wrong but we have some dealers here that could clear it up. >>



    I'm not a dealer, but I can tell you this from my own personal experience, the 1/10th oz AGE, as far as I can remember, always carried the highest buy & sell premiums over spot & it's true with all PM related coins, silver, gold, plat & palladium.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cjmezzcjmezz Posts: 467
    damn, i did a rough calculation on your buying habits and you are knocking down about $110,000 a year worth of PMs..........must be nice!! image

    would love to see some pics of your stack if you get time.
    CJ
    "When someone tells you nothing is impossible, ask them to dribble a football"

    MANY positive BST Transactions
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