This one's a head scratcher. I don't see either Apmex or eBay working for free. Maybe they ripped a 5000+ ounce PAMP gold deal from some hoarder who wanted to dump before the end of the year, or perhaps they cut a no fee or flat fee deal with eBay for this promo. Odd.
More likely that the new design was very badly received by customers and now they're left with thousands of them. Better to get rid of them at a small loss (shipping and ebay fee, assuming they paid spot for these) than hang on and tie up millions in capital.
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<< <i>More likely that the new design was very badly received by customers and now they're left with thousands of them. Better to get rid of them at a small loss (shipping and ebay fee, assuming they paid spot for these) than hang on and tie up millions in capital. >>
Bottom line…gold is gold. That being said….I do find them quite unexciting in appearance. Beauty in the eye of the beholder. Into the stack locked away…no issue. If you like to look at your stack and enjoy them, maybe an issue.
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<< <i>This one's a head scratcher. I don't see either Apmex or eBay working for free. Maybe they ripped a 5000+ ounce PAMP gold deal from some hoarder who wanted to dump before the end of the year, or perhaps they cut a no fee or flat fee deal with eBay for this promo. Odd. >>
It was a new design from PAMP, not likely a hoarder would have something like that. Most likely PAMP wholesaled them off to APMEX.
<< <i>Most likely PAMP wholesaled them off to APMEX. >>
Ebay has been throwing around promotional money lately. They could be subsidizing this promo beyond zero fees. Perhaps leaving Apmex with say 103% or 105% of hammer, if you will.
Look what APMEX accomplished with that sale that ended 12/8. An almost 3% increase in the price of gold since it ended. A lot of buyers are happy. (btw this is a first for APMEX...PM's rising after their sale ended.)
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>Look what APMEX accomplished with that sale that ended 12/8. An almost 3% increase in the price of gold since it ended. A lot of buyers are happy. (btw this is a first for APMEX...PM's rising after their sale ended.) >>
Their ASE sales are the jinx.
"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
Looks like APMEX picked the wrong week to give up smoking!
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.
Comments
doesn't sound like they are in trouble
$6,131,881.80
<< <i>5133 sold
doesn't sound like they are in trouble
$6,131,881.80 >>
Sure, unless they spent more than $6,131,881.80 in purchasing this inventory...
peacockcoins
RIP Mom- 1932-2012
<< <i>More likely that the new design was very badly received by customers and now they're left with thousands of them. Better to get rid of them at a small loss (shipping and ebay fee, assuming they paid spot for these) than hang on and tie up millions in capital. >>
Bottom line…gold is gold.
That being said….I do find them quite unexciting in appearance.
Beauty in the eye of the beholder.
Into the stack locked away…no issue.
If you like to look at your stack and enjoy them, maybe an issue.
<< <i>This one's a head scratcher. I don't see either Apmex or eBay working for free. Maybe they ripped a 5000+ ounce PAMP gold deal from some hoarder who wanted to dump before the end of the year, or perhaps they cut a no fee or flat fee deal with eBay for this promo. Odd. >>
It was a new design from PAMP, not likely a hoarder would have something like that. Most likely PAMP wholesaled them off to APMEX.
<< <i>Most likely PAMP wholesaled them off to APMEX. >>
Ebay has been throwing around promotional money lately. They could be subsidizing this promo beyond zero fees. Perhaps leaving Apmex with say 103% or 105% of hammer, if you will.
<< <i>Look what APMEX accomplished with that sale that ended 12/8. An almost 3% increase in the price of gold since it ended. A lot of buyers are happy. (btw this is a first for APMEX...PM's rising after their sale ended.) >>
Their ASE sales are the jinx.
"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
<< <i>I ordered a Pamp Suisse bar at $100 under spot on ebay, I'm hoping there will be no delay in shipment. >>
Sell it back to them for a nice profit.
I knew it would happen.
<< <i>Looks like Apmex timed this one wrong. >>
If it turns out to be , maybe the chartists could add that to their lexicon.
Don't buy that you fool , look at the chart, its a classical APMEX formation
linkified
Michael Haynes
<< <i>
<< <i>Apmex recently lost its executive to Heritage: http://www.prnewswire.com/news-releases/michael-haynes-joins-heritage-auctions-as-cfo-300006361.html >>
"Sorry, the page you are looking for cannot be found" >>
Works for me. Highlight, right click and open in a new window.
<< <i>Looks like Apmex timed this one wrong. >>
Looks like APMEX picked the wrong week to give up smoking!