<< <i>40,000,000+ SAEs sold a year. The verdict is in folks.
No shortage of silver, that's for sure
So if there's no shortage, then why is there a premium at all? Should the equal to the juice on a common Apmex round then, right? >>
Because people are willing to pay it. Yes, it is that simple. >>
Without knowing anything about their business costs, what do you think would be a fair markup over cost for an ASE? >>
Thats for the market to determine, which it has. Traditionally commodity type items carry a negligible markup where as collector items can have a substantial markup. Are ASE's commodities or collector items? >>
It's a commodity generally, but nobody is going to sell it below cost. They are already buying a commodity and putting additional cost and materials into it. Maybe GM should sell cars and trucks based on spot price of steel and plastic?
Why does it even matter to you? As you so aptly demonstrate on a regular basis, there are plenty of other silver products [rounds, bars, 90%] for you to stack or flip
So we're to this again, personal attacks, right on cue as you so aptly demonstrate on a regular basis. It was all just conversation to this point but you had to go there.
To forgive is to free a prisoner, and to discover that prisoner was you.
<< <i>Why does it even matter to you? As you so aptly demonstrate on a regular basis, there are plenty of other silver products [rounds, bars, 90%] for you to stack or flip
So we're to this again, personal attacks, right on cue as you so aptly demonstrate on a regular basis. It was all just conversation to this point but you had to go there. >>
Nobody is attacking you or anyone else. On a regular basis? Really? In the past, you've taken comments from threads and turned them into personal attacks on you when they were anything but. Then again your title to this thread is a veiled slam against those who would buy bullion using their CC without knowing anything about their financial wherewithal. I can see how that might be foolish if you paid the fee over and above the cash price. There are plenty of people with the same gripe about the premium that you have. It is what it is. Perhaps you should direct your discontent with the premium to someone who can do something about it, namely the U. S. Mint.
Who is buying all these ASE's ? Full disclosure I don't like them because of the premium but I own about 50 that trickled in from here and there . None dated later than 2003 or so.
Does someone have a mintage chart that is current through 2014? I was thinking there were a few years above 30 million recently , but that was just a guess.
How many ASE's are there through the end of 2014 lets say?
It's a commodity generally, but nobody is going to sell it below cost. They are already buying a commodity and putting additional cost and materials into it. Maybe GM should sell cars and tucks based on spot price of steel and plastic?
The question is whether the mint provides any added value. GM, provides value in that it takes a bunch of unrelated parts and creates an item of utility. Does an ASE, created by the mint, provide a utility that is different from a Christmas round or a 1 oz bar?
<< <i>Who is buying all these ASE's ? Full disclosure I don't like them because of the premium but I own about 50 that trickled in from here and there . None dated later than 2003 or so.
Does someone have a mintage chart that is current through 2014? I was thinking there were a few years above 30 million recently , but that was just a guess.
How many ASE's are there through the end of 2014 lets say? >>
There were 44,006,000 ounces of eagles of all types struck in 2014.
Go to www.usmint.gov click on about and then production and sales figures. There are ways to get figures for each type, but someone else can find that. If you remember late last year, the mint actually ran out and produced more ASEs.
<< <i>It's a commodity generally, but nobody is going to sell it below cost. They are already buying a commodity and putting additional cost and materials into it. Maybe GM should sell cars and tucks based on spot price of steel and plastic?
The question is whether the mint provides any added value. GM, provides value in that it takes a bunch of unrelated parts and creates an item of utility. Does an ASE, created by the mint, provide a utility that is different from a Christmas round or a 1 oz bar? >>
From the Mint website:
"American Eagle Bullion coins are sold based on the current market price of platinum, gold, or silver plus a small premium to cover minting, distribution, and marketing costs. A portion of this premium is often recoverable upon resale. Prices between dealers will vary. Volume discounts often apply." I guess they figure that their "costs" justify a premium of $2 per coin.
A lot of people apparently don't care. BTW does anyone know what the Mint's share of the bullion market is? 10% 40? Higher?
Doing a little rough adding I see the years 86-92 just about equal 2014 by itself . 156 million made through 2007 and then it starts to take off . About 400 million as of the end of 2014.
I have never heard of anyone saying they know of silver eagles being melted so they are most likely still all around.
It would be interesting to see a chart of the mintages year by year and compare it to the price of silver .
he clear and obvious choice for most who want own physical. No need to navigate the myriad of private mints, zombies, crusty bars, etc. Joe six pack can buy a roll of SAEs and he has got phyzz. period. Millions of Joes. That is the power of owning SAE. little for the sock drawer, for the IRA whatever. The masses, they don't have the time or the patience to learn anything. They want some physical silver and SAEs will be all they know or care to know.
<< <i>Doing a little rough adding I see the years 86-92 just about equal 2014 by itself . 156 million made through 2007 and then it starts to take off . About 400 million as of the end of 2014.
I have never heard of anyone saying they know of silver eagles being melted so they are most likely still all around.
It would be interesting to see a chart of the mintages year by year and compare it to the price of silver . >>
<< <i>he clear and obvious choice for most who want own physical. No need to navigate the myriad of private mints, zombies, crusty bars, etc. Joe six pack can buy a roll of SAEs and he has got phyzz. period. Millions of Joes. That is the power of owning SAE. little for the sock drawer, for the IRA whatever. The masses, they don't have the time or the patience to learn anything. They want some physical silver and SAEs will be all they know or care to know. >>
lol, we have gone thru this before, the "huge" demand (WRM) and the collapse of price (reality)... you had the sheeple retail buyin em as "the clear and obvious choice", so they made the poop out of em...
Doing a little rough adding I see the years 86-92 just about equal 2014 by itself . 156 million made through 2007 and then it starts to take off . About 400 million as of the end of 2014.
I have never heard of anyone saying they know of silver eagles being melted so they are most likely still all around.
It would be interesting to see a chart of the mintages year by year and compare it to the price of silver . >>
A great example of acquiring when no one else wants and selling when everyone does. So what does no one want now?
I only visit here occasionally from the U.S. Coin Forum to see if people are still counting pennies and sweating the small stuff -- you never disappoint me
Comments
<< <i>
<< <i>
<< <i>
<< <i>40,000,000+ SAEs sold a year.
The verdict is in folks.
No shortage of silver, that's for sure
So if there's no shortage, then why is there a premium at all? Should the equal to the juice on a common Apmex round then, right? >>
Because people are willing to pay it. Yes, it is that simple. >>
Without knowing anything about their business costs, what do you think would be a fair markup over cost for an ASE? >>
Thats for the market to determine, which it has. Traditionally commodity type items carry a negligible markup where as collector items can have a substantial markup. Are ASE's commodities or collector items? >>
It's a commodity generally, but nobody is going to sell it below cost. They are already buying a commodity and putting additional cost and materials into it. Maybe GM should sell cars and trucks based on spot price of steel and plastic?
So we're to this again, personal attacks, right on cue as you so aptly demonstrate on a regular basis. It was all just conversation to this point but you had to go there.
<< <i>Why does it even matter to you? As you so aptly demonstrate on a regular basis, there are plenty of other silver products [rounds, bars, 90%] for you to stack or flip
So we're to this again, personal attacks, right on cue as you so aptly demonstrate on a regular basis. It was all just conversation to this point but you had to go there. >>
Nobody is attacking you or anyone else. On a regular basis? Really? In the past, you've taken comments from threads and turned them into personal attacks on you when they were anything but. Then again your title to this thread is a veiled slam against those who would buy bullion using their CC without knowing anything about their financial wherewithal. I can see how that might be foolish if you paid the fee over and above the cash price. There are plenty of people with the same gripe about the premium that you have. It is what it is. Perhaps you should direct your discontent with the premium to someone who can do something about it, namely the U. S. Mint.
Who is buying all these ASE's ? Full disclosure I don't like them because of the premium but I own about 50 that trickled in from here and there . None dated later than 2003 or so.
Does someone have a mintage chart that is current through 2014? I was thinking there were a few years above 30 million recently , but that was just a guess.
How many ASE's are there through the end of 2014 lets say?
The question is whether the mint provides any added value. GM, provides value in that it takes a bunch of unrelated parts and creates an item of utility. Does an ASE, created by the mint, provide a utility that is different from a Christmas round or a 1 oz bar?
Knowledge is the enemy of fear
plus, broad demand (vs narrow demand for less attractive, worse condition, and non-monetized silver items)
Liberty: Parent of Science & Industry
<< <i>Who is buying all these ASE's ? Full disclosure I don't like them because of the premium but I own about 50 that trickled in from here and there . None dated later than 2003 or so.
Does someone have a mintage chart that is current through 2014? I was thinking there were a few years above 30 million recently , but that was just a guess.
How many ASE's are there through the end of 2014 lets say? >>
There were 44,006,000 ounces of eagles of all types struck in 2014.
Go to www.usmint.gov click on about and then production and sales figures. There are ways to get figures for each type, but someone else can find that. If you remember late last year, the mint actually ran out and produced more ASEs.
<< <i>It's a commodity generally, but nobody is going to sell it below cost. They are already buying a commodity and putting additional cost and materials into it. Maybe GM should sell cars and tucks based on spot price of steel and plastic?
The question is whether the mint provides any added value. GM, provides value in that it takes a bunch of unrelated parts and creates an item of utility. Does an ASE, created by the mint, provide a utility that is different from a Christmas round or a 1 oz bar? >>
From the Mint website:
"American Eagle Bullion coins are sold based on the current market price of platinum, gold, or silver plus a small premium to cover minting, distribution, and marketing costs. A portion of this premium is often recoverable upon resale. Prices between dealers will vary. Volume discounts often apply." I guess they figure that their "costs" justify a premium of $2 per coin.
A lot of people apparently don't care. BTW does anyone know what the Mint's share of the bullion market is? 10% 40? Higher?
silver eagle mintages
Doing a little rough adding I see the years 86-92 just about equal 2014 by itself . 156 million made through 2007 and then it starts to take off . About 400 million as of the end of 2014.
I have never heard of anyone saying they know of silver eagles being melted so they are most likely still all around.
It would be interesting to see a chart of the mintages year by year and compare it to the price of silver .
Joe six pack can buy a roll of SAEs and he has got phyzz. period. Millions of Joes. That is the power of owning SAE. little for the sock drawer, for the IRA whatever.
The masses, they don't have the time or the patience to learn anything. They want some physical silver and SAEs will be all they know or care to know.
Loves me some shiny!
<< <i>Doing a little rough adding I see the years 86-92 just about equal 2014 by itself . 156 million made through 2007 and then it starts to take off . About 400 million as of the end of 2014.
I have never heard of anyone saying they know of silver eagles being melted so they are most likely still all around.
It would be interesting to see a chart of the mintages year by year and compare it to the price of silver . >>
<< <i>he clear and obvious choice for most who want own physical. No need to navigate the myriad of private mints, zombies, crusty bars, etc.
Joe six pack can buy a roll of SAEs and he has got phyzz. period. Millions of Joes. That is the power of owning SAE. little for the sock drawer, for the IRA whatever.
The masses, they don't have the time or the patience to learn anything. They want some physical silver and SAEs will be all they know or care to know. >>
lol, we have gone thru this before, the "huge" demand (WRM) and the collapse of price (reality)...
you had the sheeple retail buyin em as "the clear and obvious choice", so they made the poop out of em...
The phenomena known as getting PHyzzed... tm
<< <i>silver eagle mintages
Doing a little rough adding I see the years 86-92 just about equal 2014 by itself . 156 million made through 2007 and then it starts to take off . About 400 million as of the end of 2014.
I have never heard of anyone saying they know of silver eagles being melted so they are most likely still all around.
It would be interesting to see a chart of the mintages year by year and compare it to the price of silver . >>
A great example of acquiring when no one else wants and selling when everyone does. So what does no one want now?
Knowledge is the enemy of fear
www.brunkauctions.com