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ASE Proofs - at $80 I think I may cash in

tydyetydye Posts: 3,894 ✭✭✭
in Precious Metals
Dealers on the BST are advertising to pay $80 each for ASE proofs. $30+ premium over the metal price. I am thinking I should cash them in and pick up some unc rolls with the proceeds. Or is there a reason I should keep these over a more generic silver?

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    roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Premiums on generic items normally continue to rise as cycles mature. It makes sense to capture those premiums before the euphoria ends which would be sometime within the next 4-6 weeks. Remember the nearly 2X premiums that proof AGE's were bringing in late November 2009? Those since unraveled and a couple of weeks ago were bringing about a 15% premium. Before this gold and silver bull ends, many items now carrying decent premiums will see most of those evaporate.

    roadrunner

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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    tydyetydye Posts: 3,894 ✭✭✭
    Thanks Roadrunner. I am going to convert them
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