Home› Precious Metals

APMEX 2012 Silver Panda's $14+ over spot... EACH!

carew4mecarew4me Posts: 3,470 ✭✭✭✭
in Precious Metals
Greedy devils...they are loathsome the pass falling spot on to their customers.

Loves me some shiny!

Comments

  • BarndogBarndog Posts: 20,490 ✭✭✭✭✭
    What was the premium when spot was around 33?
    JR Newsletter Online Edition
  • MsMorrisineMsMorrisine Posts: 33,012 ✭✭✭✭✭
    I'm sure they hedge, so margins are what they make them.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Panda premiums have been large since the run to 47+.
  • mikeygmikeyg Posts: 1,002 ✭



    Thats where I draw the line.Paying $17 premium for a modern with an 8 mil. mintage is just too much for me.I dont buy from e bay like I used to either.I used to pick up say SAEs for $3 over spot just to stack but many of them now are going for $6 or $9 over spot so I'll bide my time and save some powder.
  • 1jester1jester Posts: 8,637 ✭✭✭
    Clearly, some people (not the OP, who speaks in jest) still fail to understand that "spot" is an artificial price. Real prices are what you pay for the metal, "spot" is merely a paper price. When "spot" drops to unrealistically low levels (like it is now), people with the metal will demand a "premium to spot", and buyers will pay it.

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • LochNESSLochNESS Posts: 4,829 ✭✭✭
    ... because buyers will see the super-low spot and run to buy, driving up demand and premiums? I guess it makes sense but I wouldn't pay it.
    ANA LM • WBCC 429

    Amat Colligendo Focum

    Top 10 • FOR SALE

    image
  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    W uncirc ASE bullion coins are selling for $18 over spot at the US Mint. Wheres's the rage?

    "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

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Clearly, some people (not the OP, who speaks in jest) still fail to understand that "spot" is an artificial price. Real prices are what you pay for the metal, "spot" is merely a paper price. When "spot" drops to unrealistically low levels (like it is now), people with the metal will demand a "premium to spot", and buyers will pay it.

    imageimage

    Dude, I have been trying to preach that as long as i've been here. As soon as people get with the program and understand this, the better they will feel about their wanting to purchase. It doesn't mean nearly as much anymore. When people say, I am waiting for Spot to drop to $X, I just shake my head. Do they not realize they still are going to pay a premium, and possibly a LARGER one if it drops?
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    There's the premium of physical over spot, plus the collector "numismatic" premium over physical, plus the retail premium over wholesale prices, plus the premium per ounce of buying of one ounce instead of many. It adds up if there's a panda, a dragon, or a W on the coin, to give 3 examples of one ounce silver coins that never trade for "spot"

    want to pay spot? buy junk silver wholesale in large quantities

    Liberty: Parent of Science & Industry

  • tneigtneig Posts: 1,505 ✭✭✭
    It takes some time and a process to go through for a person to learn these things. Thankfully this forum has a lot of good knowledge transfers.

    Until one starts to learn, Spot is still the common starting point in the discussion because it can be easily obtained and a common comparison. Beginners need spot, then expand their knowledge beyond as they get more experienced. It's hard to understand the extended concepts until ready to do so.

    I haven't seen much in the way of comprehensive compendium, rather info spread out in different forms, articles, books, and sites like this great forum. Its all scattered about. Its intermixed with opinion, various experiences, and succesfulness in applying. Certainly there are different audience levels, buyer levels, and selling levels. Even for those with levels of extended knowledge, impulse and desire are very strong, sometimes overriding reason.

    Maybe I should start writing something up.
    COA
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    want to pay spot? buy junk silver wholesale in large quantities

    And depending on who is selling it, there can be a premium there too. image
    The more hands it goes thru, the more the premium is. It really is that simple.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • Yukoncornelius1Yukoncornelius1 Posts: 654 ✭
    Many of these foriegn bullion coins are avidly collected not just stacked so premiums are quite high.

    I have a complete set of Aussie Kook's in an album that I payed $5 over spot for when silver was around $31 but I was willing to pay the premium because I liked the designs and the mintages are low compared to not only Eagles but also the supposedly rare Canadian wildlife coins.
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Too high of a premium !!!
    Timbuk3
Sign In or Register to comment.