Fair Priced Bullion Seller

mrearlygold

A good friend of mine has been buying metals from this seller over the years and likes his newsletters etc. Without mentioning names ( yet) what say you of these prices? Spot is shown as well.

NOTE: The following are wholesale, not retail, prices To figure our retail selling price, multiply "Ask" price by 1.035. To figure our retail buying price, multiply "Bid" by 0.97. Lower commissions apply to larger orders, higher commissions to very small orders.



SPOT GOLD: $ 1,624.20
GOLD: Fine Tr.Oz. BID ASK Ask,$/oz.
American Eagle 1 1,649.20 1,684.20 1,684.20
1/2 AE 0.5 833.21 852.71 1,705.41
1/4 AE 0.25 419.25 430.41 1,721.65
1/10 AE 0.1 173.79 180.29 1,802.86
Aust. 100 corona 0.9802 1,580.90 1,595.90 1,628.13
British sovereign 0.2354 382.34 389.34 1,653.94
French 20 franc 0.1867 303.24 310.24 1,661.69
Krugerrand 1 1,629.20 1,645.20 1,645.20
Maple Leaf 1 1,639.20 1,657.20 1,657.20
1/2 Maple Leaf 0.5 850.67 860.83 1,721.65
1/4 Maple Leaf 0.25 426.35 430.41 1,721.65
1/10 ML 0.1 165.67 186.78 1,867.83
Mex 50 peso 1.2057 1,944.43 1,961.43 1,626.80
.9999 bar 1 1,629.88 1,640.88 1,640.88
SPOT SILVER: $ 29.94
SILVER Fine Tr.Oz. BID ASK $/oz.
Morgan $ B4 1905 0.765 33,000 34,500 45.10
Peace dollar 0.765 31,500 33,000 43.14
90%SlvrCoinBags 0.715 20,799 21,586 30.19
US 40% silver 1/2s 0.295 8,242 8,542 28.96
100 oz..999 bar 100 2,984 3,034 30.34
10 oz. .999 bar 10 299.40 305.40 30.54
1 oz .999 rnd. 1 30.04 30.84 30.84
Am.Egl, 200oz. Min. 1 31.69 32.59 32.59
SPOT Platinum: 1,527.00
PLATINUM Fine Tr.Oz. BID ASK $/oz.
Plat. Am. Eagle 1 1,527 1,627 1,627.00


I am not a bullion dealer.

nibanny

It looks somewhat fair to me.
Though, I would like to know what are their shipping charges and how much more they charge if buying with credit card.

So...what's the name of the seller?!

mrearlygold

Those who say fair, somewhat fair etc, would you please post the same item at a price that reflects your statement these are fair, extremeely fair, somewhat fair etc? In other words let's see proof.

Also, this bullion seller is NOT friendly to some in the business. Here's one of his statements calling out blanchard and company on his website:



SEPARATING YOU FROM YOUR MONEY

From Blanchard in New Orleans I received a postcard screaming “Protect your wealth with something solid!” Beneath that headline was a picture of an American flag and two St. Gaudens double eagles.

On the back the card asked if I was tired of losing money, etc. It offered to solve all my problems by selling me uncirculated $20 double eagle gold pieces. “These heavy, gold-rich coins provide intrinsic value, liquidity, and privacy benefits.”

Gold-rich coins? Heavy? These are investment criteria? Somebody give the copywriter some imagination pills. And mercy, there’s that old red herring “privacy benefits.” What privacy benefits?

Now Blanchard’s the same company a year or so ago that sent out a “special report” to all its clinets advising them that they had finally discovered that gold was a terrible investment that was never going to recover. They had also discovered that you had better (Quick!) send them your American Eagles and Krugerrands so they could swap you into – rare coins! Like these “heavy, gold-rich” double eagles.

That made me want to --- go back and check some statistics. Back in July 1999, spot gold was nearly at its bottom at $254.50, while the “heavy, gold-rich” $20s sold for $440 each (MS62 St. Gaudens). Four years later, in July 2002, Gold was trading at $323.80, up 27.2% from 7/99. Meanwhile St. Gaudens $20 golds were selling for $415, a 5.7% loss.

What’s the lesson? If you want to invest in gold, then invest in gold, not quasi-rare coins with inflated prices pumped up by companies with boiler-rooms full of telephone salesmen. Buy what makes sense for you, not what makes money for them

rawteam1

way over priced...

a simple look anywhere else to buy is simple...

jmski52

If they were operating on the bid/ask basis shown, their prices might be considered somewhere around average. BUT, I see that they are also incorporating another 6 1/2 % spread besides the "bid/ask", which is quite weird and quite pricey. Very slimey.

rawteam1

actualy its 7%...

jmski52

It's 6 1/2% on top of the spreads that you calculate from each of their buy-sell listings. That means that they are at 13% when anyone else is at 6 1/2%. And when anyone else is at 3%, they are at 9 1/2%.

mrearlygold

Is it? I just looked at 1 oz gold eagles at apmex prices.

jmski52

Apmex's best price for a single 1 oz. AGE is 6.7% over spot, with a buy-sell spread of 4.2%.