Bullion Surcharge?
fastrudy
Posts: 2,096 ✭
Just got this e-mail from a local B & M.
* * * * * * * * * * BULLION SURCHARGE * * * * * * * * * *
Due to the increase in commodities silver prices the minimum price for silver coins will be 21 times face value (i.e dimes = $2.10, quarters = $5.25, halves = $10.50. Silver dollar pricing will be at a minimum of $25.00 per dollar. We are being forced to apply this "bullion surcharge" across the board to all silver coins. We apologize for this increase but we are forced by market pricing increases.
Can somebody interpret this for me?
* * * * * * * * * * BULLION SURCHARGE * * * * * * * * * *
Due to the increase in commodities silver prices the minimum price for silver coins will be 21 times face value (i.e dimes = $2.10, quarters = $5.25, halves = $10.50. Silver dollar pricing will be at a minimum of $25.00 per dollar. We are being forced to apply this "bullion surcharge" across the board to all silver coins. We apologize for this increase but we are forced by market pricing increases.
Can somebody interpret this for me?
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<< <i>Just got this e-mail from a local B & M.
* * * * * * * * * * BULLION SURCHARGE * * * * * * * * * *
Due to the increase in commodities silver prices the minimum price for silver coins will be 21 times face value (i.e dimes = $2.10, quarters = $5.25, halves = $10.50. Silver dollar pricing will be at a minimum of $25.00 per dollar. We are being forced to apply this "bullion surcharge" across the board to all silver coins. We apologize for this increase but we are forced by market pricing increases.
Can somebody interpret this for me? >>
GOOD IDEA! I think us private sellers should adopt this surcharge on our bullion when we sell to the B&Ms!
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
thats when you know things are out of line.
at $40 and $50 silver we couldnt get half of melt.... ?!
LM-ANA3242-CSNS308-MSNS226-ICTA
<< <i>It means the 2x2's with Franklins half dollars marked $6 are now $10.50. This is to cover for them not relisting prices. >>
That sounds like a logical explanation. I have been repricing stuff for weeks now, and can't keep up.
that had a label, Circ Morgans $15.00 each....
He says, Can I see that can please...
I hand him the empty can,
He says, It's Empty !!
I say, yup......
he says, when ya gonna fill it again ?
I says wen silver hits $10 again....
he says, O.K. Thanks, I'll be back......
:-)
LM-ANA3242-CSNS308-MSNS226-ICTA
<< <i>It means the 2x2's with Franklins half dollars marked $6 are now $10.50. This is to cover for them not relisting prices. >>
You mean there's a rational reason and it's not just an excuse for dealers to screw their customers? That can't be right.
It won't affect them lowering their buy prices however if silver falls further. Have a nice day.
roadrunner
That situation as described is true and correct, when the market overheated just before the bottom fell out - there were buyers....yes buyers
that were paying 40% OVER melt for 90%
a buyer at a B&M could buy from sellers at OVER spot and still make a handsome profit.
However, at the end.......when the bottom fell out......most buyers were quite scared and were discounting their prices against spot, not even paying spot.
My point is when you see a situation where buyers are paying SPOT + a significant percentage, be careful and hopefully you wont be holding too much inventory.......
When it was $50/oz. and you called a refiner to cash in some, they immediately went at least $10 back of what melt was at that moment.
That silver run wasnt market driven like this one is, it was Hunt driven. BIG difference.