@BAJJERFAN said:
The AP that I cited above selling ASE MBs for $2.12 over also has free shipping by FEDEX ground.
Apmex wholesale when I made my earlier post was $18.62 with free shipping over $100, but the retail premium is still much higher. Thier buy price BTW was almost $1 per ASE more than the seller you posted.
Where are these APMEX wholesale prices to which you refer? I think they used to have a dealer portal, but not sure if they still do. I remember a couple years ago, a local dealer lamenting the fact that APMEX was getting away from wholesaling and moving towards retail. The fact that SD is paying about spot for ASEs tells me that they really don't want to buy any. What dummy in their right mind is going to sell MBs of ASEs at spot and pay shipping?
apmex has a dealer portal still and that is where I am getting the wholesale quotes.
How eager would the average AP be to sell ASEs to non-dealers at dealer prices in the current market?
I'm guessing they aren't too eager(even though a rep calls me at least once a week). But eager or not, if they don't have the items dealers need for reasonable prices they will go elsewhere.
I got an email today from the same AP saying that I could buy at dealer pricing if it was for a few monster boxes. Sounds like a good deal if a few people want to go in together for an order. Another sign that the market is in the doldrums.
@BAJJERFAN said:
With spot trending down, premiums for ASEs are also not increasing like they normally might. You can buy 2017s for $2.29 over [any quantity]. Tells me simply that nobody wants the chit.
I see Apmex wholesale price is close to your posted price, but the retail price is still over $3 premium and on ebay all the auctions for singles and multiples are over $20 per. Many nearly $22 per.
Ebay ones are trying to add $$$ to cover the fees for using ebay to sell.
There are times to get it below spot...when/if ebay sends you any $xx off coupons.
I've had a $15 and a $10 recently and used them to get some 2017 SAEs for spot, or just under....in groups of 5 have been the best value. Plus, my CC gives me 2% back on everything, so it helps.
Ebay ones are trying to add $$$ to cover the fees for using ebay to sell.
There are times to get it below spot...when/if ebay sends you any $xx off coupons.
I've had a $15 and a $10 recently and used them to get some 2017 SAEs for spot, or just under....in groups of 5 have been the best value. Plus, my CC gives me 2% back on everything, so it helps.
I was looking at completed auctions not BIN listings. So those were the price that people were willing to bid. Sure they may have had coupons or bonus points but I would guess just as many didn't.
@cohodk said:
You can buy 1 piece if candy for 25c or a bag of 20 for $2. What's the most accurate price of the candy?
Looking again today completed singles are selling anywhere from $19.50-$26. The only roll coming up in my completed listing search was for $396. That is still $19.80 each. With silver at just over $16 that is still more of a premium than the $2.15 that I was responding to. There is a person selling rolls for $385 which is still nearly $3 per.
@cohodk said:
You can buy 1 piece if candy for 25c or a bag of 20 for $2. What's the most accurate price of the candy?
Looking again today completed singles are selling anywhere from $19.50-$26. The only roll coming up in my completed listing search was for $396. That is still $19.80 each. With silver at just over $16 that is still more of a premium than the $2.15 that I was responding to. There is a person selling rolls for $385 which is still nearly $3 per.
@cohodk said:
You can buy 1 piece if candy for 25c or a bag of 20 for $2. What's the most accurate price of the candy?
Looking again today completed singles are selling anywhere from $19.50-$26. The only roll coming up in my completed listing search was for $396. That is still $19.80 each. With silver at just over $16 that is still more of a premium than the $2.15 that I was responding to. There is a person selling rolls for $385 which is still nearly $3 per.
So the buyer on Ebay paid $396 and the seller netted ~$340. What is the most accurate price of silver?
My opinion has always been that the accurate price is what a Buyer is willing to pay. We have no idea what the seller's net was because fees vary, and some of the larger sellers on ebay actually get subsidized.
When you go into McDonalds do you consider the price of your hamburger what McDs makes after all of the overhead is considered? No the price of the burger is the little number next to the picture on the cash register the employee pushes so he/she doesn't have to do the math.
Not a good analogy. The hamburger is consumable and a service. Silver is bought for the purpose of selling later. Therefore one should consider selling value over purchasing cost.
Suppose you buy 2 burgers and only eat 1. Are you going to sell it to him for what you paid or just give it to him? The hamburger might be worthless.
@cohodk said:
You can buy 1 piece if candy for 25c or a bag of 20 for $2. What's the most accurate price of the candy?
Neither is if you can find it somewhere else cheaper. Generally, the same candy will cost you less at WalMart than it will at your local convenience store.
If a B & M dealer can find suckers willing to sell ASEs to him at 50 cents over spot, then you might be able to as well. Put an ad on CL offering to buy at $X over spot.
@cohodk said:
You can buy 1 piece if candy for 25c or a bag of 20 for $2. What's the most accurate price of the candy?
Looking again today completed singles are selling anywhere from $19.50-$26. The only roll coming up in my completed listing search was for $396. That is still $19.80 each. With silver at just over $16 that is still more of a premium than the $2.15 that I was responding to. There is a person selling rolls for $385 which is still nearly $3 per.
@cohodk said:
Not a good analogy. The hamburger is consumable and a service. Silver is bought for the purpose of selling later. Therefore one should consider selling value over purchasing cost.
Suppose you buy 2 burgers and only eat 1. Are you going to sell it to him for what you paid or just give it to him? The hamburger might be worthless.
Price and worth are two totally different animals. The price is a number that can be set the worth of something may be different to everyone. That second burger may be worth nothing to you and worth the world to a starving person.
That being said, I know the analogy of worth may not have been similar, but it seems to me that the worth of silver is different to many here. Some are willing to pay spot, others 2.29c over for ase and apparently on eBay some are willing to pay $5 or $6 over spot.
The price is still a moving target and whatever a buyer is willing to pay. Doesn't change my arguement that premiums haven't come down as much as many would like to believe.
Sure SD had $2.29 over spot as the price but did anybody here buy at that price? Did you pay shipping? Did that effectively raise the total premium?
@cohodk said:
Not a good analogy. The hamburger is consumable and a service. Silver is bought for the purpose of selling later. Therefore one should consider selling value over purchasing cost.
Suppose you buy 2 burgers and only eat 1. Are you going to sell it to him for what you paid or just give it to him? The hamburger might be worthless.
Price and worth are two totally different animals. The price is a number that can be set the worth of something may be different to everyone. That second burger may be worth nothing to you and worth the world to a starving person.
That being said, I know the analogy of worth may not have been similar, but it seems to me that the worth of silver is different to many here. Some are willing to pay spot, others 2.29c over for ase and apparently on eBay some are willing to pay $5 or $6 over spot.
The price is still a moving target and whatever a buyer is willing to pay. Doesn't change my arguement that premiums haven't come down as much as many would like to believe.
Sure SD had $2.29 over spot as the price but did anybody here buy at that price? Did you pay shipping? Did that effectively raise the total premium?
Worth is what the Mint is willing to sell them for which is $2 over spot. Everyone else in the chain just adds cost, but no extra value.
In the aftermarket, many dealers charge differently depending upon cost, spot and or replacement cost at the time of sale. Some people buy ASEs, get hard up for funds and sell them for a song in order to raise cash.
@TwoSides2aCoin said:
Demand doesn't increase until prices go up. LOL
Watch what the APs are selling them for and don't be fooled by APMEX's retail pricing. When an AP is selling 2016s for $2.12
over and paying shipping and not posting a buy price for them, then you know or should know that demand is weak.
@cohodk said:
Not a good analogy. The hamburger is consumable and a service. Silver is bought for the purpose of selling later. Therefore one should consider selling value over purchasing cost.
Suppose you buy 2 burgers and only eat 1. Are you going to sell it to him for what you paid or just give it to him? The hamburger might be worthless.
Wait, am I the only one who drinks colloidal silver here?
Comments
ASEs all look the same. Hard to convince new people to pick them up
WTB: PSA 1 - PSA 3 Centered, High Eye Appeal 1950's Mantle
There are tons of buyers on eBay.
I got an email today from the same AP saying that I could buy at dealer pricing if it was for a few monster boxes. Sounds like a good deal if a few people want to go in together for an order. Another sign that the market is in the doldrums.
Ebay ones are trying to add $$$ to cover the fees for using ebay to sell.
There are times to get it below spot...when/if ebay sends you any $xx off coupons.
I've had a $15 and a $10 recently and used them to get some 2017 SAEs for spot, or just under....in groups of 5 have been the best value. Plus, my CC gives me 2% back on everything, so it helps.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I was looking at completed auctions not BIN listings. So those were the price that people were willing to bid. Sure they may have had coupons or bonus points but I would guess just as many didn't.
My Ebay Store
You can buy 1 piece if candy for 25c or a bag of 20 for $2. What's the most accurate price of the candy?
Knowledge is the enemy of fear
Looking again today completed singles are selling anywhere from $19.50-$26. The only roll coming up in my completed listing search was for $396. That is still $19.80 each. With silver at just over $16 that is still more of a premium than the $2.15 that I was responding to. There is a person selling rolls for $385 which is still nearly $3 per.
Here
My Ebay Store
So the buyer on Ebay paid $396 and the seller netted ~$340. What is the most accurate price of silver?
Knowledge is the enemy of fear
My opinion has always been that the accurate price is what a Buyer is willing to pay. We have no idea what the seller's net was because fees vary, and some of the larger sellers on ebay actually get subsidized.
When you go into McDonalds do you consider the price of your hamburger what McDs makes after all of the overhead is considered? No the price of the burger is the little number next to the picture on the cash register the employee pushes so he/she doesn't have to do the math.
My Ebay Store
Not a good analogy. The hamburger is consumable and a service. Silver is bought for the purpose of selling later. Therefore one should consider selling value over purchasing cost.
Suppose you buy 2 burgers and only eat 1. Are you going to sell it to him for what you paid or just give it to him? The hamburger might be worthless.
Knowledge is the enemy of fear
Neither is if you can find it somewhere else cheaper. Generally, the same candy will cost you less at WalMart than it will at your local convenience store.
If a B & M dealer can find suckers willing to sell ASEs to him at 50 cents over spot, then you might be able to as well. Put an ad on CL offering to buy at $X over spot.
You'll find out what the accurate price is when you go to sell that $396 roll.
Price and worth are two totally different animals. The price is a number that can be set the worth of something may be different to everyone. That second burger may be worth nothing to you and worth the world to a starving person.
That being said, I know the analogy of worth may not have been similar, but it seems to me that the worth of silver is different to many here. Some are willing to pay spot, others 2.29c over for ase and apparently on eBay some are willing to pay $5 or $6 over spot.
The price is still a moving target and whatever a buyer is willing to pay. Doesn't change my arguement that premiums haven't come down as much as many would like to believe.
Sure SD had $2.29 over spot as the price but did anybody here buy at that price? Did you pay shipping? Did that effectively raise the total premium?
My Ebay Store
Worth is what the Mint is willing to sell them for which is $2 over spot. Everyone else in the chain just adds cost, but no extra value.
In the aftermarket, many dealers charge differently depending upon cost, spot and or replacement cost at the time of sale. Some people buy ASEs, get hard up for funds and sell them for a song in order to raise cash.
worth what the mint is seling them for ???
No way, worth way less...
How way less? For something worth way lots less, they sure sold a lot of it over the years.
Demand doesn't increase until prices go up. LOL
Watch what the APs are selling them for and don't be fooled by APMEX's retail pricing. When an AP is selling 2016s for $2.12
over and paying shipping and not posting a buy price for them, then you know or should know that demand is weak.
Wait, am I the only one who drinks colloidal silver here?
