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What is a fair buy price for a 1/10 oz AGE?

PerryHallPerryHall Posts: 47,806 ✭✭✭✭✭
in Precious Metals
A friend has a 1/10 oz AGE and wants to sell it to me. What should I offer him? What are dealers paying these days for 1/10 oz AGE's?

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"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire

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    JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    On line dealers are paying around 7.5% over spot I do believe............I feel like this is deja vu all over againimage MJ

    edited to add---- on line...............
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    gecko109gecko109 Posts: 8,231 ✭
    Most dealers would pay melt or +2%. In a private sale, especially since he is your friend, an offer of around melt +7% seems fair. That way its cheaper for you to buy from him than buying from a dealer, yet he gets more by selling to you than by selling to a dealer.
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    cjmezzcjmezz Posts: 467
    my dealer is getting $130-140 each
    "When someone tells you nothing is impossible, ask them to dribble a football"

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    jmski52jmski52 Posts: 24,018 ✭✭✭✭✭
    CNI appears to be paying 8.7% over spot.
    Q: Are You Printing Money? Bernanke: Not Literally

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    PerryHallPerryHall Posts: 47,806 ✭✭✭✭✭


    << <i>CNI appears to be paying 8.7% over spot. >>



    How many B&M dealers pay CNI prices? Not many, I imagine.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    gecko109gecko109 Posts: 8,231 ✭


    << <i>

    << <i>CNI appears to be paying 8.7% over spot. >>



    How many B&M dealers pay CNI prices? Not many, I imagine. >>





    Around here? Exactly zero.
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    JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    I'm glad CNI is my B & Mimage

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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    gecko109gecko109 Posts: 8,231 ✭


    << <i>I'm glad CNI is my B & Mimage

    MJ >>




    Doesnt matter since you never sell anyway!!!image
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    tydyetydye Posts: 3,894 ✭✭✭
    I purchased 6 this weekend for $135 each and was very happy with that price. I went back later to get more but he was sold out so I guess others felt the same way
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    gecko109gecko109 Posts: 8,231 ✭


    << <i>I purchased 6 this weekend for $135 each and was very happy with that price. I went back later to get more but he was sold out so I guess others felt the same way >>




    18% over is about right....not a GREAT price, but not a ripoff either. Call the dealer and ask what he is paying on those same coins though. I'd wager that he is right at melt, and maybe 2-3% over melt if he has a buyer waitlist.
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    JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭


    << <i>

    << <i>I'm glad CNI is my B & Mimage

    MJ >>




    Doesnt matter since you never sell anyway!!!image >>


    true datimage MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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    BigEBigE Posts: 6,949 ✭✭✭
    I have a 2006-W burnshed, but I am not selling it 'till I get 215.00 for itimage---------BigE
    I'm glad I am a Tree
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    gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>I have a 2006-W burnshed, but I am not selling it 'till I get 215.00 for itimage---------BigE >>



    Mine are on the way to beaver country! image
    Avid collector of GSA's.
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    dohdoh Posts: 6,457 ✭✭✭
    I recently picked up a couple "NGC 69s" for $125 each which I was happy with.

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    derrybderryb Posts: 38,624 ✭✭✭✭✭
    $125 is a fair price for both parties.

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    OffMetalOffMetal Posts: 1,684 ✭
    I agree with $125 figure as stated in quite a few posts above.

    I do remember spending my monthly allowance every month on one of those for $30 back when I was in 4th grade, and was beyond thrilled to get a 1/4 oz for $66 image

    Ben
    -Ben T. * Collector of Errors! * Proud member of the CUFYNA
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    ProofCollectionProofCollection Posts: 8,110 ✭✭✭✭✭
    Call a B & M and offer to match whatever they will pay.
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