*Price Increases* MCM has a good deal on 2014 Britannias on eBay
Weather11am
Posts: 2,112 ✭✭✭
http://www.ebay.com/itm/2014-Great-Britain-1-Troy-Oz-999-Silver-Britannia-2-Coin-SKU30064/131065318872?_trksid=p2045573.m2042&_trkparms=aid=111000&algo=REC.CURRENT&ao=1&asc=27&meid=3235152161259816398&pid=100033&prg=1011&rk=2&rkt=4&sd=141053169860&
$25.95 with free shipping.
Disclaimer: I am not affiliated with MCM at all. I just wanted to give board members a heads up.
$25.95 with free shipping.
Disclaimer: I am not affiliated with MCM at all. I just wanted to give board members a heads up.
0
Comments
I knew it would happen.
Well, just Love coins, period.
Velocity, Not Valuation Defines A Bubble.
<< <i>Not bad. I'm going with the 2014 silver maple (redesigned for 2014) over at APMEX for $2.79 less per coin (buying 25, plus shipping). Available Dec. 13. >>
That maple leaf is an attractive design in my opinion... might have to pick up an example or two.
I think the dealers are trying to make up for the losses they suffered when the prices dropped so much over the last few years a dollar at a time with these inflated premiums.
<< <i>I still find it hard to imagine how we can say that a $6.31 premium over spot is a good deal for bullion. I still think $1 or $2 over spot is a good deal
I think the dealers are trying to make up for the losses they suffered when the prices dropped so much over the last few years a dollar at a time with these inflated premiums. >>
Would that be $6.31 over milkspot?
<< <i>Would that be $6.31 over milkspot? Who is selling any kind of pure silver coin for $1 or $2 over spot? >>
Provident.
A bunch to choose from. Take your pick.
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
<< <i>
<< <i>Would that be $6.31 over milkspot? Who is selling any kind of pure silver coin for $1 or $2 over spot? >>
Provident.
A bunch to choose from. Take your pick. >>
I should have excluded silver rounds.
<< <i>
<< <i>I still find it hard to imagine how we can say that a $6.31 premium over spot is a good deal for bullion. I still think $1 or $2 over spot is a good deal
I think the dealers are trying to make up for the losses they suffered when the prices dropped so much over the last few years a dollar at a time with these inflated premiums. >>
Would that be $6.31 over milkspot?
O.K. - Let me ask my question a little differently. What price do the big bullion dealers get their 1 ounce coins from the various mints? I understand they have a "special" arrangement and they buy in bulk and they take the risk that the price may go down BUT I still think $6.31 over the ask spot price is wayyyyyyyyyyyyy tooooooooooooo muchhhhhhhhhhhhh.
As far as $1 or $2 over spot. I was buying them all day long at that price the last time I saw silver in the teens after it had languished in the single digits for so long. My point is the premiums were way smaller on the way up than they are on the way down. Not trying to burst anyone's Christmas buying bubble but I don't like paying $6.31 premiums for bullion. Plain and simple.
<< <i>
<< <i>
<< <i>I still find it hard to imagine how we can say that a $6.31 premium over spot is a good deal for bullion. I still think $1 or $2 over spot is a good deal
I think the dealers are trying to make up for the losses they suffered when the prices dropped so much over the last few years a dollar at a time with these inflated premiums. >>
Would that be $6.31 over milkspot?
O.K. - Let me ask my question a little differently. What price do the big bullion dealers get their 1 ounce coins from the various mints? I understand they have a "special" arrangement and they buy in bulk and they take the risk that the price may go down BUT I still think $6.31 over the ask spot price is wayyyyyyyyyyyyy tooooooooooooo muchhhhhhhhhhhhh.
As far as $1 or $2 over spot. I was buying them all day long at that price the last time I saw silver in the teens after it had languished in the single digits for so long. My point is the premiums were way smaller on the way up than they are on the way down. Not trying to burst anyone's Christmas buying bubble but I don't like paying $6.31 premiums for bullion. Plain and simple. >>
Agreed and I wouldn't pay $6.31 over spot for the Britannias either. For many ASEs are the gold standard [no pun intended] for silver bullion, but I can't find anyone currently selling them for $2 or less over spot. IIRC back in August when silver was around $18, the best I could find was around $4.50 over spot. Of course it didn't stay there very long. If it languishes there for several months, might be a different story. Right now JMBullion is about $3.75 over spot for a 6 roll order.
<< <i>O.K. - Let me ask my question a little differently. What price do the big bullion dealers get their 1 ounce coins from the various mints? I understand they have a "special" arrangement and they buy in bulk and they take the risk that the price may go down BUT I still think $6.31 over the ask spot price is wayyyyyyyyyyyyy tooooooooooooo muchhhhhhhhhhhhh. >>
The US Mint only sells to a handful of "authorized" resellers. All other dealers pay a premium to the "authorized" dealers and then add premium to make a profit. The best way for any buyer to reduce the premium paid is to buy quantity.
Velocity, Not Valuation Defines A Bubble.
Well, just Love coins, period.
<< <i>Including the shipping, good price. Britannias are frequently in the 100k mintage and are tradeable from what I have seen above SAEs, Libertads or maples. >>
Provident has the 2012 Britannias for about $44. Is that a good price?
<< <i>
<< <i>Including the shipping, good price. Britannias are frequently in the 100k mintage and are tradeable from what I have seen above SAEs, Libertads or maples. >>
Provident has the 2012 Britannias for about $44. Is that a good price? >>
That's a good price for the seller.
Velocity, Not Valuation Defines A Bubble.
Anyway, MCM increased the price now.
<< <i>Agreed and I wouldn't pay $6.31 over spot for the Britannias either. For many ASEs are the gold standard [no pun intended] for silver bullion, but I can't find anyone currently selling them for $2 or less over spot. IIRC back in August when silver was around $18, the best I could find was around $4.50 over spot. Of course it didn't stay there very long. If it languishes there for several months, might be a different story. Right now JMBullion is about $3.75 over spot for a 6 roll order. >>
Monex has Silver Eagles at $22.75 ask ($22.55 for Atlas Preferred members), that's $3.25 over spot. Still too steep for me, though...
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
"Inspiration exists, but it has to find you working" Pablo Picasso
Well, just Love coins, period.
<< <i>Raised the original Brittanias AGAIN, with silver down a tick. They got some kind of automatic price increaser/reducer, depending on current spot? >>
Most, if not all of the large bullion houses have software that tracks metals spot prices and adjusts price accordingly ever so often.
Edited to add: And yes, we have automatic price updates on eBay that are tied into a live feed just as we do on our website, however the intervals are spaced further apart on eBay.
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
<< <i>That maple leaf is an attractive design in my opinion... might have to pick up an example or two. >>
+1
Coins from the future, that's got to be worth a premium to melt..
Can I get a stock page from the Wall street journal from January '14? I'll pay a premium to burn!
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
<< <i>
<< <i>O.K. - Let me ask my question a little differently. What price do the big bullion dealers get their 1 ounce coins from the various mints? I understand they have a "special" arrangement and they buy in bulk and they take the risk that the price may go down BUT I still think $6.31 over the ask spot price is wayyyyyyyyyyyyy tooooooooooooo muchhhhhhhhhhhhh. >>
The US Mint only sells to a handful of "authorized" resellers. All other dealers pay a premium to the "authorized" dealers and then add premium to make a profit. The best way for any buyer to reduce the premium paid is to buy quantity. >>
The one making the real profit is the US Mint . . . last I read they charge $2ea over spot for ASEs to the distributors who have to buy them by the millions . . . 41,875,000 this year alone ! ! !
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!