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Silver eagle prices
stevepk
Posts: 238 ✭✭✭
Silver is down to $17 an ounce. If it remains stable to continues to drop, do you think we will start to see silver eagles offered at shows for $20? How much are dealers currently asking for silver eagles at shows?
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"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.I would expect that it would be some % over cost that would assure a profit. Whether people will buy is the question.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
In rolls, they are selling at $21 each on eBay today.
If you listened to every alarmist there is for (pick an issue) you would dig hole and put the dirt over you in despair. The trouble is too many people listen to authoritative sounding voices that are not really experts or who have an agenda that goes beyond what they are preaching.
When I was dealer I owned a set of silver eagles by date and mint for about an hour. They were fun to look at, but when I had a chance to sell them for a quick profit I took advantage of it.
<< <i>The last time silver cratered, ASEs went right along for the ride, I'm sure people will try to hold out, depends on how long it stays down. >>
When silver dipped under $19 (summer 2013?) the premiums were pretty high for a short time. At one point, I sold some to a customer at $3.50 over spot and called to order more and the wholesale price was $5 over. I think it had gotten as high at $7 over spot at one point. It settled back down after a couple of weeks but I had a week wait on Eagles and a five week wait on 1oz rounds around that time.
Today I was pricing them at $20.50 if someone was purchasing 20 or more.
Jade Rare Coin eBay Listings
JM
<< <i>$19.82 each from JM Bullion if you buy 100+ >>
$19.63 if you buy them as 5 rolls. The 5-24 roll price is $392.60
Normally it doesn't matter at JM which form you buy them in, only the quantity.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
www.brunkauctions.com
Check out the Southern Gold Society
I would assume the Mint functions like a dealer would function and that they would follow the market prices. if they sell at spot + $2 isn't it logical that they are buying at spot?? what you envision is that the Mint purchased all the Silver they thought they would need for the year way back in December. I understand this is the Government, but I don't think they do that.
<< <i> How much $18 silver is the Mint sitting on?
I would assume the Mint functions like a dealer would function and that they would follow the market prices. if they sell at spot + $2 isn't it logical that they are buying at spot?? what you envision is that the Mint purchased all the Silver they thought they would need for the year way back in December. I understand this is the Government, but I don't think they do that. >>
I don't think they buy a year's worth at a time, but doubt they order every day either. I thought they had fairly heavy stockpiles of metals. Their purchasing info should be available through their annual report or other public means, no?
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
3 to 4 week waiting period.
There may not be a shortage of silver, but I feel there is no overage either!
EXCEPT: for paper silver. Oh what a great deal "paper silver" is.
<< <i>I am not saying there is a shortage of silver, but I tried to get some sunshine 10 oz bars. I called 4 suppliers and NO one hade any.
3 to 4 week waiting period.
There may not be a shortage of silver, but I feel there is no overage either!
EXCEPT: for paper silver. Oh what a great deal "paper silver" is. >>
The HELL you say?
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
<< <i>I am not saying there is a shortage of silver, but I tried to get some sunshine 10 oz bars. I called 4 suppliers and NO one hade any.
3 to 4 week waiting period.
There may not be a shortage of silver, but I feel there is no overage either!
EXCEPT: for paper silver. Oh what a great deal "paper silver" is. >>
what nonsense.. silver dropping under 17.00 .. a shortage ? silver would be rising is there was a supposed tight supply ...silver last year was 24.00
<< <i>By right it should be about $20 per. Here's a thought? Say by some strange reason Silver were to tumble to a staggering $4 an ounce. Can we honestly see Silver Eagles priced at $7 or $8 per.? I doubt it! One never knows, Silver could fall that low? >>
No. This is when the ASE's will be marketed for their "numismatic value". It seems whichever is higher: Bulion value or numismatic value is the order of the day.
<< <i>
<< <i> How much $18 silver is the Mint sitting on?
I would assume the Mint functions like a dealer would function and that they would follow the market prices. if they sell at spot + $2 isn't it logical that they are buying at spot?? what you envision is that the Mint purchased all the Silver they thought they would need for the year way back in December. I understand this is the Government, but I don't think they do that. >>
I don't think they buy a year's worth at a time, but doubt they order every day either. I thought they had fairly heavy stockpiles of metals. Their purchasing info should be available through their annual report or other public means, no? >>
When the Mint is down to say 10-15 million oz. of silver, they are having a shortage.
Edited to add this is my #3,000 post!
Later, Paul.
<< <i>Edited to add this is my #3,000 post! >>
Congrats "Roosie" Paul
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