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Do you set a buy price?
relicsncoins
Posts: 8,327 ✭✭✭✭✭
Obviously my buy price moves as longer term prices change. Lately on silver my buy price has been under $30 ask.
Need a Barber Half with ANACS photo certificate. If you have one for sale please PM me. Current Ebay auctions
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Always have a price point in mind but it fluctuates for different pieces.
I really don't pickup any generic unless it's a steal.
The only silver that interests me anymore are premium poured bars. The last few pieces I was overbid on sold for about $80 an ounce. I’m a buyer at around half of that. Needless to say, I haven’t added any bars to the stack since silver was in the teens per ounce.
I picked up a new Dansco silver rounds album a few months back so I've just been piddling around buying one or two ounces at a time if I don't already have them in my other books. Like Downtown, I stopped any meaningful stacking around $17 per.
Downtown1974, were you buying premium poured bars during the long gone days of 2009 thru 2013 when rare poured bars were being sold on ebay for not much above spot? I was actively buying but I could kick myself senseless for by not bidding more aggressively on some bars I have never seen offered again and if were offered today would be beyond my bidding comfort zone. I think I was "stuck on spot".
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907/publishedset/15628
March of Time - 27 Centuries in Gold
https://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=36590
@OnlyGoldIsMoney….yes around 2011 I was. Wish I picked up more odd size poured Engelhards. 3 oz. and 7 oz. etc. It’s just so hard for me to justify paying todays premiums. When the bidding for a 3 oz. poured Engelhard hits $1500, my mindset switches and think of the $10 gold eagle I could get for that money.
Downtown1974, we started about the same time and I share your reluctance to pay current prices. I don't doubt that people are really paying $1500 for the most common 3 oz Engelhard bars. I never paid more than $350 for any of my 3 oz Engelhard bars in that 2010 to 2013 period. My Engelhard bar collection is not growing or shrinking; items I could sell for a tidy profit I don't sell as they are just not replaceable.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907/publishedset/15628
March of Time - 27 Centuries in Gold
https://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=36590