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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
 Posted - 01/29/2010 : 13:12:03
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Poll Question:
Hi,
Some large scale venders of silver offer discounts on orders of say 500oz or greater. Obviously the majority of us aren't going to be making these types of purchases regularly.
Would people here be interested in pooling funds together to actually be able to reach those minimums? Everyone would receive the same discount if we were to reach it, and money would be sent to one member only after we reach our buying quota.
This could even become a regular thing, where we create an order roster where those people interested would put their name in and the amount they were willing to contribute, and the order would go out as soon as we reach the dollar amount required.
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Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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Edited by - JobIII on 01/29/2010 15:25:49 |
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Mikep2020
Penny Collector Member
USA
402 Posts |
Posted - 01/29/2010 : 13:57:15
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Poll is locked?
It would have to be organized properly and very straight forward. Like for example, 10 people all go in and buy a monster box through one established member and each get 50 oz's or something like that split evenly. Once you get odd numbers of people, or people wanting different quantities, then the confusion will start with how much each owes, and how much silver they get. Make it nice and simple and I may participate. |
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barrytrot
Administrator
USA
721 Posts |
Posted - 01/29/2010 : 13:58:50
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On the collector's universe forum there are always several people doing bulk purchases such as this. Fairly common and no less risk than doing a normal trade on the forum if you ask me.
The amount you save is negligible though anyway, so I'm not sure why bother. Especially when you calculate in an EXTRA shipping charge. |
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natsb88
Administrator
USA
1850 Posts |
Posted - 01/29/2010 : 14:18:45
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| I'm a member of another bullion trading forum and group buys happen often when there is enough of a bulk discount to make reshipping worthwhile. |
Nate
The Copper Cave
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 01/29/2010 : 15:26:52
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| Heh, sorry about this i meant to review it before unlocking it. Vote away. One of my friends here at work, does this type of thing with gold but i'm not sure where since he's on vacation [lucky sob]... |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 01/29/2010 : 15:29:34
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quote:
Originally posted by Mikep2020
Poll is locked?
It would have to be organized properly and very straight forward. Like for example, 10 people all go in and buy a monster box through one established member and each get 50 oz's or something like that split evenly. Once you get odd numbers of people, or people wanting different quantities, then the confusion will start with how much each owes, and how much silver they get. Make it nice and simple and I may participate.
Actually this is pretty simple a task:
facts:
All the oz's sell at a given price
We order as soon as we have enough money
So if 70% want monster boxes and the rest are small orders, it still works out evenly. The real question lies would you all be okay with someone buying less and getting the same great discounted price...
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Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 01/29/2010 : 16:12:15
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| Barry you do make a great point about savings and additional shipping. more or less it was just an idea. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 01/29/2010 : 16:14:21
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| I would do this with personal friends in person at a brick-n-mortar, but probably not over the internet like this. |
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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 01/29/2010 : 17:39:47
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The way to do it is have the person who buys the most gets the delivery.
Everyone else pays actual freight from that persons place. |
www.londongoldbuyer.com |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 01/29/2010 : 20:12:20
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I think that the order would have to be large. If not the reshipping would make it a wash or make the deal cost more.
APMEX 2010 Eagles
40 shipped = 773.95
500 shipped = 9149.95
That makes 40 from a Monster box = 732 + 5 to reship = 737
Savings of 36.95
Not a bad deal if it worked out.
But the person receiving the Monster box has to ship out. They need some sort of kickback for their time. |
You don't have to be the BEST you just have to be.......SLICK
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 01/29/2010 : 20:19:48
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quote:
Originally posted by JobIII
[br The real question lies would you all be okay with someone buying less and getting the same great discounted price...
i'd be up for it. of course i'd be one of those buying less.... :) |
My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 01/29/2010 : 22:01:10
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I would be up for this. I wouldn't mind taking delivery for everone either. Very possible to save money with the $5 small flat rate box.
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Copper Penny Investing
www.portlandmint.com |
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oktyabyr
Penny Sorter Member
USA
91 Posts |
Posted - 01/29/2010 : 23:09:17
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| Definitely down. I am nowhere close to buying a monster, but a discount might be nice. :) |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 01/29/2010 : 23:13:23
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quote:
Originally posted by Zyll
I would do this with personal friends in person at a brick-n-mortar, but probably not over the internet like this.
I trust most of the members here more than my "personal friends"  |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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Bootstrap
Penny Collector Member
USA
279 Posts |
Posted - 01/29/2010 : 23:31:22
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| I'm game. It looks like it could be worthwhile to split a monster box. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 01/30/2010 : 00:19:24
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| I think its a great idea; have any of you ever tried Northwest Territorial Mint; the thing I hate about APMEX is the shipping charge |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Corsair
Penny Hoarding Member
811 Posts |
Posted - 01/30/2010 : 00:53:39
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| As long as a senior RealCent member set it up, I'd love to be involved. |
So long, Realcent 1. Come visit us at Realcent.org! |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 01/30/2010 : 05:19:21
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quote:
Originally posted by PennySaved
I think its a great idea; have any of you ever tried Northwest Territorial Mint; the thing I hate about APMEX is the shipping charge
500 2010 Eagles
APMEX - 9149.95 SHIPPED
NWTM - 9520 SHIPPED
Take you pick....pay shipping save $370 or get FREE SHIPPING and spend $370 more. |
You don't have to be the BEST you just have to be.......SLICK
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Kurr
1000+ Penny Miser Member
2906 Posts |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 01/30/2010 : 09:13:08
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I'd be good for 50 max.
I trust the market network set up here. |
Come to the new and improved realcent: http://realcent.org
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Fatboy
Penny Sorter Member
USA
81 Posts |
Posted - 01/31/2010 : 15:31:14
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quote:
Originally posted by slickeast
quote:
Originally posted by PennySaved
I think its a great idea; have any of you ever tried Northwest Territorial Mint; the thing I hate about APMEX is the shipping charge
500 2010 Eagles
APMEX - 9149.95 SHIPPED
NWTM - 9520 SHIPPED
Take you pick....pay shipping save $370 or get FREE SHIPPING and spend $370 more.
Or call Tulving and let him pay the first delivery with a price of $1.79 over or $9010 for 500 - 2010's in an opened box.
The other thing with NWTM is we may not live long enough to see the coins be delivered! Where the other two places you should have them in hand within a week.
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Edited by - Fatboy on 01/31/2010 15:37:55 |
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twocents
Penny Collector Member
398 Posts |
Posted - 01/31/2010 : 16:16:48
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| I agree with Fatboy. No one beats Tulving for cost on bulk buys. Go with Tulving all of the way. |
Just my two cents! |
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twocents
Penny Collector Member
398 Posts |
Posted - 01/31/2010 : 16:19:49
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| And I am not sure, but I believe once you meet the threshold for minimum order, I believe you can throw in anything else you would want at less than the minumum order, such as gold, platinum, and palladium. |
Just my two cents! |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 02/02/2010 : 06:53:36
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Just by the amount of people voting, "yes" (currently 18). If the order was split evenly, each member would need to chip in a little over 500 dollars.
I am interested, but i also wouldn't be the largest buyer. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 02/02/2010 : 07:04:21
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I'm not sure if this is accurate but i believe monster boxes have gone up in price:
NWTM - $9770.00 shipped
APMEX - $9385.00 + shipping |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 02/02/2010 : 08:08:44
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| I would be interested for a couple of hundred. |
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand
________________________________________________
Lenin: Class-based International Socialism
Hitler: Race-based National Socialism
Obama: Class- and Race-based Post-National Socialism
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Topic |
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Pooling Capital for bulk AG purchases
Forum Locked
