Whats a fair amount that you will pay over spot?
ScarsdaleCoin
Posts: 5,225 ✭✭✭✭✭
So what do you think a fair % would be to pay for a 1 oz bullion piece lets use 1 oz Gold American Eagle
5% seem good to you at a show... Are would you not be willing to pay that much at a show?
For example Gold Spot right now lets just say $1,200 (rounding up for even number sake)
Would paying $1,260 be something you would pay and be interested in or Would you be searching for a lower number from a dealer
(edited to add example)
5% seem good to you at a show... Are would you not be willing to pay that much at a show?
For example Gold Spot right now lets just say $1,200 (rounding up for even number sake)
Would paying $1,260 be something you would pay and be interested in or Would you be searching for a lower number from a dealer
(edited to add example)
Jon Lerner - Scarsdale Coin - www.CoinHelp.com
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Comments
I knew it would happen.
Did you mean gold or silver?
Natural forces of supply and demand are the best regulators on earth.
<< <i>So what do you think a fair % would be to pay for a 1 oz bullion piece lets use 1 oz Gold American Eagle
5% seem good to you at a show... Are would you not be willing to pay that much at a show... >>
That would be about $60 over at current spot. Hardly the worst deal out there but not bad if you want a cash deal that's essentially invisible.
Edit to add gld1203....
but but (burp, fart) I thought bullion was bullion and should always be purchased for <melt. At least that's what the concencus has been here
<< <i>Define 1oz bullion piece... And then the type, and if applicable is it govt issue, then if applicable is it assayed...
but but (burp, fart) I thought bullion was bullion and should always be purchased for <melt. At least that's what the concencus has been here
10% difference in the gold content of a one ounce gold Saint and a one ounce AGE.
Natural forces of supply and demand are the best regulators on earth.
<< <i>So what do you think a fair % would be to pay for a 1 oz bullion piece lets use 1 oz Gold American Eagle
5% seem good to you at a show... Are would you not be willing to pay that much at a show?
For example Gold Spot right now lets just say $1,200 (rounding up for even number sake)
Would paying $1,260 be something you would pay and be interested in or Would you be searching for a lower number from a dealer
(edited to add example) >>
It would depend on what your buy price is for the same product ??
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>Compare to Apmex or Provident Metals and go from there. >>
I go here to see the *real* market spread over spot:
Texas PM
They are BIG, They only sell what they have in stock and the website (for me) doubles as a good gauge for overall demand.
Right now a Maple is 3.5% over (Gold) Spot = $1198.03 - TPM = $1,240.00
$1198.03 - APMEX = $1244.49
<< <i>
<< <i>Compare to Apmex or Provident Metals and go from there. >>
I go here to see the *real* market spread over spot:
Texas PM
They are BIG, They only sell what they have in stock and the website (for me) doubles as a good gauge for overall demand.
Right now a Maple is 3.5% over (Gold) Spot = $1198.03 - TPM = $1,240.00
$1198.03 - APMEX = $1244.49 >>
With gold at $1198 their sell price for 5 1 ounce AGEs is $1253 for +$55. 5% over at a show would be $1198 x 1.05 or $1258 each. A $5 surcharge for CASH at a show is more than fair IMO. I note that TPM does not post buy prices or shipping charges.
<< <i>Demand is relative, just like real estate, what's happening at Texas metals is meaningless pretty much, and the "real" prices are meaningless with as one mentioned without a buy price, if they aren't making a market then one should pass most of the time, being in Texas even worsen for out of staters... >>
They indicate on their site that they buy gold, but don't post a buy price. Posting a price doesn't obligate them to purchase anything however. Like any good business they won't buy common inventory that they don't need. Most places will give you a locked in price if they want it, no? Then it's up to you to deliver.