Silver eagle prices

stevepk

Silver is down to $17 an ounce. If it remains stable to continues to drop, do you think we will start to see silver eagles offered at shows for $20? How much are dealers currently asking for silver eagles at shows?

joeykoins

By right it should be about $20 per. Here's a thought? Say by some strange reason Silver were to tumble to a staggering $4 an ounce. Can we honestly see Silver Eagles priced at $7 or $8 per.? I doubt it! One never knows, Silver could fall that low?

BAJJERFAN

Don't know and don't care since I don't buy silver from dealers at shows. A better question is when will the Mint stop selling them at spot plus $2? Silver hasn't been under $18 in 4 years or more. How much $18 silver is the Mint sitting on? If silver goes to $14 next week, will the Mint sell ASEs at a loss?

I would expect that it would be some % over cost that would assure a profit. Whether people will buy is the question.

shorecoll

The last time silver cratered, ASEs went right along for the ride, I'm sure people will try to hold out, depends on how long it stays down.

Wabbit2313

In rolls, they are selling at $21 each on eBay today.

BillJones

But if you listen to the barkers on the radio, there is "a world-wide shortage of silver" and the silver mines can't keep up with the demand. Soon the world will run out of silver the electronics industry will go bust and there will be anarchy.

If you listened to every alarmist there is for (pick an issue) you would dig hole and put the dirt over you in despair. The trouble is too many people listen to authoritative sounding voices that are not really experts or who have an agenda that goes beyond what they are preaching.

When I was dealer I owned a set of silver eagles by date and mint for about an hour. They were fun to look at, but when I had a chance to sell them for a quick profit I took advantage of it.

Tassa

<< <i>The last time silver cratered, ASEs went right along for the ride, I'm sure people will try to hold out, depends on how long it stays down. >>



When silver dipped under $19 (summer 2013?) the premiums were pretty high for a short time. At one point, I sold some to a customer at $3.50 over spot and called to order more and the wholesale price was $5 over. I think it had gotten as high at $7 over spot at one point. It settled back down after a couple of weeks but I had a week wait on Eagles and a five week wait on 1oz rounds around that time.

Today I was pricing them at $20.50 if someone was purchasing 20 or more.

tombr

I bought two rolls last week at the Battlefield Coin Show in Gettysburg last Saturday. 812.00-----20.30 each.

TennesseeDave

$19.82 each from JM Bullion if you buy 100+

morgansforever

JM has 2014 rolls for $399.80 as of right now, like going back in time a few years.

JM

BAJJERFAN

<< <i>$19.82 each from JM Bullion if you buy 100+ >>



$19.63 if you buy them as 5 rolls. The 5-24 roll price is $392.60

Normally it doesn't matter at JM which form you buy them in, only the quantity.

pitboss

How are the West Point eagles doing? I have not even looked for at least a year.

Scootersdad

Show on Saturday 27 th, slabbed Gem B.U. no grades for $23.00 and lots of them.

savoyspecial

they should be both bought AND sold for $17.....to profit on these is UnAmerican

TwoSides2aCoin

Get them for Less … tomorrow.

DaveG

I remember that in the mid-90s, when silver was around $5 or so, Coins Magazine used to give a silver eagle as a gift if you renewed your subscription for a year.

keets

How much $18 silver is the Mint sitting on?

I would assume the Mint functions like a dealer would function and that they would follow the market prices. if they sell at spot + $2 isn't it logical that they are buying at spot?? what you envision is that the Mint purchased all the Silver they thought they would need for the year way back in December. I understand this is the Government, but I don't think they do that.

VanHalen

It will be interesting to see if rolls of ASE fall to $350 if and when silver hits $15.

BAJJERFAN

<< <i> How much $18 silver is the Mint sitting on?

I would assume the Mint functions like a dealer would function and that they would follow the market prices. if they sell at spot + $2 isn't it logical that they are buying at spot?? what you envision is that the Mint purchased all the Silver they thought they would need for the year way back in December. I understand this is the Government, but I don't think they do that. >>



I don't think they buy a year's worth at a time, but doubt they order every day either. I thought they had fairly heavy stockpiles of metals. Their purchasing info should be available through their annual report or other public means, no?

leothelyon

With the downward spiral silver has been taking, buying at $20 doesn't sound too keen, no? This place sounds like a dealer's den.

PTVETTER

I am not saying there is a shortage of silver, but I tried to get some sunshine 10 oz bars. I called 4 suppliers and NO one hade any.

3 to 4 week waiting period.

There may not be a shortage of silver, but I feel there is no overage either!

EXCEPT: for paper silver. Oh what a great deal "paper silver" is.

BAJJERFAN

<< <i>I am not saying there is a shortage of silver, but I tried to get some sunshine 10 oz bars. I called 4 suppliers and NO one hade any.

3 to 4 week waiting period.

There may not be a shortage of silver, but I feel there is no overage either!

EXCEPT: for paper silver. Oh what a great deal "paper silver" is. >>



The HELL you say?

bestday

<< <i>I am not saying there is a shortage of silver, but I tried to get some sunshine 10 oz bars. I called 4 suppliers and NO one hade any.

3 to 4 week waiting period.

There may not be a shortage of silver, but I feel there is no overage either!

EXCEPT: for paper silver. Oh what a great deal "paper silver" is. >>



what nonsense.. silver dropping under 17.00 .. a shortage ? silver would be rising is there was a supposed tight supply ...silver last year was 24.00

BLUEJAYWAY

<< <i>By right it should be about $20 per. Here's a thought? Say by some strange reason Silver were to tumble to a staggering $4 an ounce. Can we honestly see Silver Eagles priced at $7 or $8 per.? I doubt it! One never knows, Silver could fall that low? >>

No. This is when the ASE's will be marketed for their "numismatic value". It seems whichever is higher: Bulion value or numismatic value is the order of the day.

Stooge

<< <i>

<< <i> How much $18 silver is the Mint sitting on?

I would assume the Mint functions like a dealer would function and that they would follow the market prices. if they sell at spot + $2 isn't it logical that they are buying at spot?? what you envision is that the Mint purchased all the Silver they thought they would need for the year way back in December. I understand this is the Government, but I don't think they do that. >>



I don't think they buy a year's worth at a time, but doubt they order every day either. I thought they had fairly heavy stockpiles of metals. Their purchasing info should be available through their annual report or other public means, no? >>

When the Mint is down to say 10-15 million oz. of silver, they are having a shortage.

Edited to add this is my #3,000 post!

Bochiman

<< <i>Edited to add this is my #3,000 post! >>




Congrats "Roosie" Paul