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$7 dollar premium for ASE's at APMEX.

Wolf359Wolf359 Posts: 7,657 ✭✭✭
in Precious Metals
Silver price as I type this: $22.15

One 2013 ASE at APMEX$29.28

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  • mariner67mariner67 Posts: 2,746 ✭✭✭
    Pass.
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  • tneigtneig Posts: 1,505 ✭✭✭
    Yeah, me too. Pass. I got maples at goldmart.
    COA
  • FountainheadFountainhead Posts: 956
    Dump Eagles, buy Koalas?
    Salute the automobile: The greatest anti-pollution device in human history!
    (Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Sounds like fall 2008 when silver was @ $9 and the cheapest silver went for $13+.
  • CaptHenwayCaptHenway Posts: 32,156 ✭✭✭✭✭
    It's the law of supply and demand.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Wow

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • oilstates2003oilstates2003 Posts: 493


    << <i>Silver price as I type this: $22.15

    One 2013 ASE at APMEX$29.28 >>



    And they will sell I am sure....
    It's not the amount of money you spend.... It's the enjoyment you get spending it..


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  • CNoteCNote Posts: 2,070 ✭
    Apparently they're sold out...at least that's what their site says. And, they have none on eBay. Provident is also dry.

    Apmex is also charging an outrageous premium on the lovely maples.
  • OverdateOverdate Posts: 7,008 ✭✭✭✭✭
    With "paper" silver at $23.46, ASEs are fetching $30 to $35 each on eBay, and 90% rolls are selling for about the same premium.

    Good luck trying to get the real stuff at anywhere near "spot".

    My Adolph A. Weinman signature :)

  • CakesCakes Posts: 3,632 ✭✭✭✭✭


    << <i>With "paper" silver at $23.46, ASEs are fetching $30 to $35 each on eBay, and 90% rolls are selling for about the same premium.

    Good luck trying to get the real stuff at anywhere near "spot". >>



    Early on most sites had decent prices but they are now all gouging plus spot.
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  • GambinotdxGambinotdx Posts: 95 ✭✭
    I called the local B&M yesterday because they always tell me ASEs are sold at $4 over spot. Not yesterday. He said $30 each and they're selling fast. Whether they were selling fast or not is unknown but they were no longer $4 over face because of the sudden fall.

    But when asked what they pay for them...spot of course.
    successful transactions with: vpr, robman, piecesofme, metalsman, gdavis70, agentjim007, ranshdow and more to come!
  • CakesCakes Posts: 3,632 ✭✭✭✭✭


    << <i>I called the local B&M yesterday because they always tell me ASEs are sold at $4 over spot. Not yesterday. He said $30 each and they're selling fast. Whether they were selling fast or not is unknown but they were no longer $4 over face because of the sudden fall.

    But when asked what they pay for them...spot of course. >>



    Really disgusting, similar to all the ammo companies that have been marking up everything.
    Successful coin BST transactions with Gerard and segoja.

    Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
  • bluelobsterbluelobster Posts: 1,220 ✭✭✭
    Buying at 30% premium and selling at spot. Anyone buying at those spreads needs to have their head examined.
  • bosco5041bosco5041 Posts: 1,303 ✭
    I am not a dealer but I can see why the spread would be more than usual with silver and gold falling so fast. I am going to wait till the dust settles to do anything!
  • DrBusterDrBuster Posts: 5,388 ✭✭✭✭✭


    << <i>Dump Eagles, buy Koalas? >>



    This, or kooks, or maybe some takus image
  • GambinotdxGambinotdx Posts: 95 ✭✭


    << <i>Buying at 30% premium and selling at spot. Anyone buying at those spreads needs to have their head examined. >>



    I don't think anyone would actually sell their silver at spot then immediately buy it back at a 30% premium. image

    I like to ask about both sides in case there is an opportunity for me. I didn't buy from or sell to them. I was merely kicking the tires out of curiousity.
    successful transactions with: vpr, robman, piecesofme, metalsman, gdavis70, agentjim007, ranshdow and more to come!
  • tneigtneig Posts: 1,505 ✭✭✭
    I have noticed a few times of inconsistencies of their web information. Sometimes in the customer's favor, but I did not act.
    Whether you can order from a stated item/price and it hold while they are in transition of updating I don't know. But if it rings up
    then they should be obligated as much as a mis-marked price at Walmart.

    But I guess if you are fast, place the order, and submit it, then I would think they have to honor it. Likely if a small discrepancy,
    it would go unnoticed anyway. The buying-back deal seems like it requires intervention so would be noticed.

    Now if there is something you want, or odd, or rare, and its still a better than usual price overall, and its a good deal for
    you even w/high premium, then why not. Usually the price swing back up is fast and its easy to miss the deal that you may be sorry for later.

    Like I wouldn't buy a higher premium ATB 5oz'er. But the overall deal may be better now if I wanted some for my collection.

    For me, what I don't like about Apmex is their pricing tier. What the heck is it to them if you buy 5 or 21 really, and have to pay
    top price for the 5? They have a lot of customers they buy this or that under 10 or 20 pieces and they should get the same price
    as the 20-99 range. Which is why they get less of my business than they could.

    For every possible Apmex buy now, I do a quick compare to Monarch, Goldmart, etc. before buying from Apmex.
    (Not Provident, obviously, dah Lana.....)
    COA
  • 7over87over8 Posts: 4,733 ✭✭✭
    You are getting a "taste" of paper prices vs. physical prices.

    Premiums increase as spot prices fall through the floor from the naked shorts being placed Friday and into Monday.
  • calleochocalleocho Posts: 1,569 ✭✭
    to be fair they have raised their buy prices on a lot of stuff as well...
    "Women should be obscene and not heard. "
    Groucho Marx
  • VanHalenVanHalen Posts: 3,993 ✭✭✭✭✭


    << <i>Sounds like fall 2008 when silver was @ $9 and the cheapest silver went for $13+. >>



    Remember that well. Generic 90% should have been 6.5X face and it was tough to find any under 10X. I do remember buying a $100 face bag for $930 or so. That was the best I did in '08.
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