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Best price ASE?

mrpaseomrpaseo Posts: 4,753 ✭✭✭
in Precious Metals
I have no experience in purchasing ASEs so I have a few questions.

1. Looking at the ASEs as bullion, and in the pursuit of the lowest cost, the year should not count right?

2. With the immediate savings of buying local rather than on line (Savings of shipping), how much over spot am I looking to pay? What is a good price when I walk into a B&M place.

3. With research, it's obvious that the more ounces that are purchased at once, the cheaper price we can get. I am interested in buying about a mint tube at a time (20 coins). I remember back in the days someone on here purchased a case then sold the tubes to people here on the forums at the cheaper price. Does that happen anymore?

4. How do you find the best prices?

Thanks for your opinions/answers. My PM is available if anyone wants to "coach" me from behind the scenes.
Ray

Comments

  • bronco2078bronco2078 Posts: 10,212 ✭✭✭✭✭




    I saw this today i think its a new category thats cheap

    bullion direct damaged ASE's
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Price is easy to shop around. Convenience has a cost. Quality has a value. The best deal is the one that combines a good price with convenience and quality (which makes it easier to liquidate when the time comes).

    The best price isn't always the best deal if the quality sucks, likewise the best quality isn't the best deal if the premium doesn't make sense.

    Shop around and remember that the market is always in flux. You won't always get the best deal from the same people, either. It just takes some diligence, and you'll do just fine.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    Spot price is the paper metal price; expect to pay more for the real thing, currently about $4-5 per silver eagle. I have seen this premium increase over the last few years as paper metal becomes more risky. If silver price movement has a good future expect this premium to increase over time.

    The risk with paper metal lies in that its volume greatly exceeds any physical metal to back it up. Paper sellers are selling paper for silver that does not exist.

    "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

  • morgansforevermorgansforever Posts: 8,459 ✭✭✭✭✭
    APMEX sells damaged ASE's, if you're looking for strictly intrinsic value.
    The $2.19 over spot is probably for 500 or more, then there's the shipping.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • BarndogBarndog Posts: 20,490 ✭✭✭✭✭
    buy the ones piecesofme is offering on BST
    JR Newsletter Online Edition
  • MeltdownMeltdown Posts: 8,789 ✭✭✭✭✭


    << <i>buy the ones piecesofme is offering on BST >>



    I agree. Looks like a pretty fair deal.

    Click on this link to see my ebay listings.

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    WOW! Thanks for the kind words Barndog & Meltdown, I sincerely appreciate that. Kind of surprised they're still available at this point.
    I better stop there before someone accuses me of posting a selfish plug image just wanted to say thanks
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    1. Looking at the ASEs as bullion, and in the pursuit of the lowest cost, the year should not count right?

    True, but I would try to use that to my advantage; in other words, buy earlier dates if they're available at the same price as others.

    2. With the immediate savings of buying local rather than on line (Savings of shipping), how much over spot am I looking to pay? What is a good price when I walk into a B&M place.

    Right now the price is high relative to the spot price of silver. This is due to the resent drop in silver. Normally, they can be had for about $2 over spot, but now with spot at $27 and change, they're selling for about $30 each if you can find them (many dealers just aren't offering them right now).

    3. With research, it's obvious that the more ounces that are purchased at once, the cheaper price we can get. I am interested in buying about a mint tube at a time (20 coins). I remember back in the days someone on here purchased a case then sold the tubes to people here on the forums at the cheaper price. Does that happen anymore?

    At the beginning of every year, someone on the US Coin forum would buy a box of 500 from Tulving and sell rolls at his cost plus shipping; I'm not sure if it is still going on due to the high price of silver the last few years.

    4. How do you find the best prices?

    I find the best price to be at a local coin show. I almost bought a roll of mixed dates this weekend for $600, but a few were scraped and would make them harder to sell later. You may want to wait a bit before buying in order to let dealers/sellers adjust to the new lower prices.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • tneigtneig Posts: 1,505 ✭✭✭
    "Piecesofme" I saw the set of five up there for bid, so does that mean you have to bid for them and go through ebay?

    "I'll lock in your page now."
    COA
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    tneig,
    What I have on the BST here is not on eBay, yet. All seperate offerings. Thanks
    To forgive is to free a prisoner, and to discover that prisoner was you.
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