ASE Proofs - at $80 I think I may cash in

tydye

Dealers on the BST are advertising to pay $80 each for ASE proofs. $30+ premium over the metal price. I am thinking I should cash them in and pick up some unc rolls with the proceeds. Or is there a reason I should keep these over a more generic silver?

roadrunner

Premiums on generic items normally continue to rise as cycles mature. It makes sense to capture those premiums before the euphoria ends which would be sometime within the next 4-6 weeks. Remember the nearly 2X premiums that proof AGE's were bringing in late November 2009? Those since unraveled and a couple of weeks ago were bringing about a 15% premium. Before this gold and silver bull ends, many items now carrying decent premiums will see most of those evaporate.

roadrunner

tydye

Thanks Roadrunner. I am going to convert them