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Looks like piecesofme was right

cohodkcohodk Posts: 19,237 ✭✭✭✭✭
in Precious Metals
He has been commenting that the B&M dealers seem to not have silver for sale when the price comes down. Just look at the BST. With the exception of a few ATB sets, there is very little silver available. A week ago it seemed every other thread was for 90% or bars/rounds.

Excuses are tools of the ignorant

Knowledge is the enemy of fear

Comments

  • OPAOPA Posts: 17,126 ✭✭✭✭✭
    Not the case on eBay...Tons of Rounds & Bars available and most are fetching a hefty premium.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • smallchangesmallchange Posts: 194 ✭✭✭
    I was expecting to see sold out signs at my dealer also, but to my surprise he had a few hundred ounces of silver in various forms. He was actually making phone calls to customers that requested them when he got more in. The premiums on his Eagles went up a dollar to 4.00 over spot but I don't think that's too bad.

    Jim
    Successful BST transactions with lkenefic, AnkurJ, ajia, stephunter, No lawyer
  • RedHerringRedHerring Posts: 2,077 ✭


    << <i>Not the case on eBay...Tons of Rounds & Bars available and most are fetching a hefty premium. >>




    Indeed. It would interesting to note the % that close this weekend under $40/oz. image
  • JamesMurrayJamesMurray Posts: 4,036 ✭
    No problem here finding Silver , i bought a load of Canadian timber wolfs at a nice price.I don't think the BST is a very good gauge to go by for availibility,could be the sellers on there dont want to sell to a crowd that knows what the going price is when peeps on ebay are still paying last weeks price.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,371 ✭✭✭✭✭


    << <i>

    << <i>Not the case on eBay...Tons of Rounds & Bars available and most are fetching a hefty premium. >>




    Indeed. It would interesting to note the % that close this weekend under $40/oz. image >>



    I bid on 12 auctions yesterday for 10 ounce bars. Average final price was $42/oz. Only one auction sold less than $40/oz ($38.80 an ounce before shipping).

    At least for 10 ounce bars the average ebay price today is around $42.50/oz. Subtract about $2/oz when you factor in 2% ebay buck and 3% rebate programs.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Nothing makes much sense right now. But there are fresh worries about the Euro this evening. Big worries.
    The death of bin Laden didn't repaint the color of the world. My gut tells me we'll see strength in gold at least on Monday.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Maybe this will end up happening after all. They have it, but you're going to pay well above Spot/Melt for it.
    back to '09 premiums
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • cohodkcohodk Posts: 19,237 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Not the case on eBay...Tons of Rounds & Bars available and most are fetching a hefty premium. >>




    Indeed. It would interesting to note the % that close this weekend under $40/oz. image >>



    I bid on 12 auctions yesterday for 10 ounce bars. Average final price was $42/oz. Only one auction sold less than $40/oz ($38.80 an ounce before shipping).

    At least for 10 ounce bars the average ebay price today is around $42.50/oz. Subtract about $2/oz when you factor in 2% ebay buck and 3% rebate programs. >>




    There is a HUGE difference between the price people are paying and the price the sellers receive. A seller at $42 will incur about 12% in fees for a net of about $37--not too far from spot. But WOW, what a "drive off the lot" price hit.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • CaptHenwayCaptHenway Posts: 32,275 ✭✭✭✭✭


    << <i>He has been commenting that the B&M dealers seem to not have silver for sale when the price comes down. Just look at the BST. With the exception of a few ATB sets, there is very little silver available. A week ago it seemed every other thread was for 90% or bars/rounds. >>



    Are you talking about B&M sellers, or BST sellers?

    Would you agree that BST sellers are not, as a rule, B&M's?
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • fiveNdimefiveNdime Posts: 1,088 ✭✭


    << <i>10 ounce bars the average ebay price today is around $42.50/oz. >>


    most that ive watched/bid were getting 10+ bids as well.

    many have not gotten any new bids since tuesday...

    i am still hi bidder on one @ $380 free ship.
    BST transactions: guitarwes; glmmcowan; coiny; nibanny; messydesk
  • edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭


    << <i> My gut tells me we'll see strength in gold at least on Monday. >>



    And then some.
  • WingsruleWingsrule Posts: 3,020 ✭✭✭✭
    I have visited a total of 6 B&Ms Thursday, Friday and Saturday. Five of them had plenty o' silver (various forms and sizes) and they were still charging their regular premiums (i.e. what they charged prior to the big drop last week).

    Only one location had none for sale; sounds like he was sitting on a pile in the mid-40s and didn't want to let it go yet.
  • CaptHenwayCaptHenway Posts: 32,275 ✭✭✭✭✭


    << <i>I have visited a total of 6 B&Ms Thursday, Friday and Saturday. Five of them had plenty o' silver (various forms and sizes) and they were still charging their regular premiums (i.e. what they charged prior to the big drop last week).

    Only one location had none for sale; sounds like he was sitting on a pile in the mid-40s and didn't want to let it go yet. >>



    That sounds about right. For most B&M's it is business as usual, but because one guy decides to gamble that metals will go up before he sells (as opposed to going down and causing him to lose MORE money) some people will stereotype ALL dealers as doing this.

    All generalizations are wrong, including this one.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • VintageismygameVintageismygame Posts: 285
    I was able to pick up several Morgan dollars yesterday for $.50 over spot from my B&M.

    Matt
  • rawteam1rawteam1 Posts: 2,472 ✭✭✭
    i'd like to know what dealer ever charged a normal price of .25 over spot for .999,
    i do not believe that one at all,
    in 09 or any other year for that matter (info from 09 premium link)
    keceph `anah
  • VintageismygameVintageismygame Posts: 285
    When I spoke with him about his selling policies he stated that he makes his margin on the purchase of the silver not the sale.

    Matt
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    i'd like to know what dealer ever charged a normal price of .25 over spot for .999

    There are several dealers in my area that were selling at Spot when it was going up so quickly. They'd buy it at $40, the next day Spot was $43. Why would they hold if they have someone willing to pay Spot at $43 the next day?
    Of course, believe what you want to though.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    When I spoke with him about his selling policies he stated that he makes his margin on the purchase of the silver not the sale.

    Are you refering to speaking to me? I don't recall you ever pm'ing me. Was it with that profile? image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • VintageismygameVintageismygame Posts: 285
    No, I was referring to the dealer that I purchased the Morgans from yesterday.

    Matt
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    cool. hope he gave ya a deal.
    To forgive is to free a prisoner, and to discover that prisoner was you.
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