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Low premiums on AES

RevDrBlimberRevDrBlimber Posts: 391
in Precious Metals
I bought a roll of silver eagles at a shop yesterday for $30 a piece. Price was the same with one dealer at the Philly show. These premiums seem to be quite low, a buying opportunity IMO.

Comments

  • jmski52jmski52 Posts: 22,820 ✭✭✭✭✭
    You got a good deal on that one.
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  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    well done.

    "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

  • pf70collectorpf70collector Posts: 6,639 ✭✭✭
    Good deal. I sold all my ASE Rolls when Silver was around $44. Bought them at $9-$12 Silver. Bought about 200 ounces of various 2010 5 oz pucks in 2010, but still bullion anyway. Big mistake. Right now I am not stacking Silver or Gold.
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  • RevDrBlimberRevDrBlimber Posts: 391
    When selling, dealers offer less for single coins than for rolls. I have seen a number of dealers offering them for $30-$31.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    I have seen a number of dealers offering them for $30-$31

    That's still a roughly $2.50 - 3.00 premium. That's a deal? I've been able to buy them cheaper than that (the premium I am speaking of) in volume even when Spot was in the high $30's/low $40's.
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  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    Premiums tend to go up when spot drops and/or people "feel" it is low. $2.50-$3 over spot for 1 roll of Eagles right now is quite good. I can't even get that price per ounce on a monster box of them, even before shipping/insurance to Canada.
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