LCS report
DrBuster
Posts: 5,378 ✭✭✭✭✭
Went to my guy yesterday, North Metro Gold & Coin. Walked in and 2 sisters were selling a big set of their mom's silverware. 10k retail new/now they said, they got some % of melt - heard a couple grand, no clue exactly what that was, 80-85~% maybe...?
He re-flipped all his old gold coins again with no prices on them this time. Too much up/down he said to keep stickering prices on it or scribbling on the flips.
Chatted for a bit, said nobody was in buying this week on the down. Odd we both thought.
1/10 AGEs. He had a few in and some 1/4s. Wanted $190 for the 1/10ths, didn't ask on the 1/4s but he's usually melt +$10 on those as well. If I had known that beforehand that he had some fractionals in there I would have dipped some extra cash out and bought what he had. Alas, I had some slots winnings in hand and that's what I was going to spend.
Picked up some SLQs for my roll-building for 30x, wasn't going to squabble on a quarter a piece when I was only getting 8. His 90% case though was FULL. And I mean spilling over on itself. Hadn't seen that much in there ever, he said he had been buying a lot the past week, obviously. Folks needing the cash he said, coming in an selling collections/rolls/silverware/etc.
Had some pcgs ms69 ASEs, wanted $55/per. Same stack I saw last time I was in there, I don't think those will move. These were 'first strike' labels mind you.
Asked if he had any raw, he hasn't in a while but he did now. Somebody brought in a stack of Littleton holder ASEs, about 10, I can only imagine the sucker-age those might have been part of to somebody on their plans. I mentioned that, we both chuckled. Pass as he had 3 in airtights as well for spot+$4. Snagged those as I didn't want to have anything Littleton in my truck. Had 3 generic 10oz bars in there, I didn't ask but last time the ones he had were asking spot +$2/oz. I imagine the same.
That was it. Pics later in the porn thread when I can get in the studio with the camera tonight.
He re-flipped all his old gold coins again with no prices on them this time. Too much up/down he said to keep stickering prices on it or scribbling on the flips.
Chatted for a bit, said nobody was in buying this week on the down. Odd we both thought.
1/10 AGEs. He had a few in and some 1/4s. Wanted $190 for the 1/10ths, didn't ask on the 1/4s but he's usually melt +$10 on those as well. If I had known that beforehand that he had some fractionals in there I would have dipped some extra cash out and bought what he had. Alas, I had some slots winnings in hand and that's what I was going to spend.
Picked up some SLQs for my roll-building for 30x, wasn't going to squabble on a quarter a piece when I was only getting 8. His 90% case though was FULL. And I mean spilling over on itself. Hadn't seen that much in there ever, he said he had been buying a lot the past week, obviously. Folks needing the cash he said, coming in an selling collections/rolls/silverware/etc.
Had some pcgs ms69 ASEs, wanted $55/per. Same stack I saw last time I was in there, I don't think those will move. These were 'first strike' labels mind you.
Asked if he had any raw, he hasn't in a while but he did now. Somebody brought in a stack of Littleton holder ASEs, about 10, I can only imagine the sucker-age those might have been part of to somebody on their plans. I mentioned that, we both chuckled. Pass as he had 3 in airtights as well for spot+$4. Snagged those as I didn't want to have anything Littleton in my truck. Had 3 generic 10oz bars in there, I didn't ask but last time the ones he had were asking spot +$2/oz. I imagine the same.That was it. Pics later in the porn thread when I can get in the studio with the camera tonight.
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Comments
"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
Those 1/10's sounded like a good deal. He might have done a touch better if you bought a good many of them....??? would've been even better.
Was he asking 30X on all his 90%?
Too many positive BST transactions with too many members to list.
And Derryb it's the 10oz+ purchases I make that swing us down!