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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
 Posted - 07/30/2008 : 14:57:55
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some of the best prices on this type of stuff is at tulving.com. tulving has a large min. order, but he posts his sell prices so compare your dealer to his. you should pay a little more for a smaller order but tulvings prices will give you the ball park. you can also buy the dealer price guide which is called the greysheet. its available online for like $4 a copy. its esp. good for the slabbed coins rather than bullion.
silver - i don't like rounds. the premium on U.S. eagles is worth it because everyone knows the content is consistent. a 40 or 50 cent premium is too high when people have to wonder about the mint or metal content. either go with bars or junk silver. if you go with bars, get a brand that everyone knows like Engelhardt or johnson massey.
if you buy slabbed coins, stick with PCGS or NGS. the others are subject to grade inflation. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 07/30/2008 : 15:08:51
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because yesterday gold closed at 917(i think). A $5 gold eagle is 1/10 oz of gold. So 1/10 oz of gold yesterday would be worth 91.70. I know from buying these before, and looking around that the premium on slabbed $5 gold eagles can be from 10-70 dollars.
check kitco's website for what the current gold spot price is. |
"99% of all lawyers give the rest of them a bad name" 
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 07/30/2008 : 15:10:12
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quote:
Originally posted by fb101
quote:
Originally posted by moboman
was there tax on top of that? My state of Ohio charges sales tax on all bullion purchases, even gold/silver eagles, junk silver, etc, collector coins, anything, all because of the Noe scandal. Ohio had no sales tax before him.
I now buy primarily at shows and online in order to avoid paying sales tax...because 7% on top of even .25 over spot ruins just about any deal.
Hop into PA, no sales tax on coins, only on plastic tubes and such
How about in Pittsburgh? are then any reputable dealers there with good prices? I'll be there in about a month. |
"99% of all lawyers give the rest of them a bad name"
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51 Posts |
Posted - 07/30/2008 : 16:55:17
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Thanks all!!
but with the silver eagles standard is $2 over spot?
also when were talking whatever price over spot PLUS commission as well?
thanks!!! |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 07/30/2008 : 17:42:41
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No commission. If there are no taxes, you should get out for spot price + $1.
Spot + $2 isnt bad for silver eagles. I'd pay that. |
"99% of all lawyers give the rest of them a bad name"
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51 Posts |
Posted - 07/30/2008 : 17:56:59
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i guess in NY so far you gotta pay more. where is the best place to buy online?
thanks |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 07/30/2008 : 23:04:19
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it depends on how much you are going to spend online. I've told you my sites.
This forum is a great place if you are looking for junk silver, or want to trade. I've had many successful trades here. |
"99% of all lawyers give the rest of them a bad name"
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51 Posts |
Posted - 07/31/2008 : 08:13:33
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sorry to much info i went back and read i will check out casperscoins.com
meaning what buy from guys here dimes, quarters, halves etc...
thanks for ALL the help !!! |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 07/31/2008 : 12:10:11
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ya...around here, if you have something to trade go to the buy/sell/trade. Most guys dont just sell silver, but some will.
junk silver is silver US coinage. |
"99% of all lawyers give the rest of them a bad name"
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51 Posts |
Posted - 07/31/2008 : 12:15:19
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| will do and thanks |
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51 Posts |
Posted - 07/31/2008 : 20:52:32
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i did the deed again! i got more 1/10 ounce eagles $99 per coin and loaded up on silver 1oz maple leafs $1 over spot :) i also bought some junk silver for the hell of it just a little. 13.5x face what is the average price people pay for junk?
it was a fun day.
now on to reading the red book and learning that :) |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 07/31/2008 : 21:08:46
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quote:
Originally posted by russell
i did the deed again! i got more 1/10 ounce eagles $99 per coin and loaded up on silver 1oz maple leafs $1 over spot :) i also bought some junk silver for the hell of it just a little. 13.5x face what is the average price people pay for junk?
it was a fun day.
now on to reading the red book and learning that :)
You did very good on the Maple Leafs at $1 over spot - better then I've ever done on them. Good on the gold too. Not bad on the junk silver.
BTW people call it "junk silver" because the coins are "junk" as far as being collectable coins. The real value is in the metal content. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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25 Posts |
Posted - 07/31/2008 : 22:08:35
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quote:
Originally posted by moboman
The same...I'll pay up to $1 over spot. It depends though. Like if I see a proof or something like my penny, I'll pay a little extra. I have paid more for Silver eagles...but I normally just stick with art bars, or with "numismatic"(proof, uncirculated, graded) eagles. I got a painted one for a dollar over spot a while back.
I'd check out casperscoins.com if you are interested. He sells eagles $1 over spot, .25 over spot for generic, and for a while he was selling 2008 eagles for $19.25!
Thanks for the plug however I have to set the record straight. I can no longer sell eagles at 1.00 over. We sold them for a dollar over for years until some one posted about it on this forum and a couple others. Over 5k of eagles were gone in a a couple days. It took us a long time to build up that inventory. I can no longer replace those eagles for any where near a dollar over. I have had to raise the price to 2.00 over. This price really does not even allow me to buy the large quantities we need to replace our stock.
on the 2008 eagles we were at 2.00 over on them as well. I had put them on the website because some one wanted to order them through the web. Most people do it with a phone call. The normal Price on those is also 2.00 over
Generic Silver is still .25 over!! We classify Generic as anything that is not a government bullion coin Eagles, Maples etc.
Russell I will tell you the same thing as I tell the people that come into my store daily to buy bullion
"Buy the item with the least amount of premium."
Especially in silver. When silver is 50 to 100 an ounce and there is a line of people outside my store trying to sell. Havening American Eagles, 10 oz engelhards our anything else people are paying way over to get will not get you a penny more or a better place in line.
"It all melts the same."
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When the government fears the people, there is liberty. When the people fear the government, there is tyranny. |
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25 Posts |
Posted - 07/31/2008 : 22:14:21
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I found this write up on someone else website I really couldn't of said it better my self.
"Some gold and silver dealers foster the circulation of many myths, misunderstandings, and outright lies about the purchase and sale of gold and silver. Generally, these misconceptions and falsehoods promote the notion that the government may again call in gold as it did in 1933 and that "reportable" transactions are preludes to confiscation. By cultivating such fears in investors, unscrupulous firms can sell high-priced (and often overpriced) coins with greater margins of profit."
With that said if you want overpriced numismatic gold and silver items "Same from confiscation!!" we would be happy to bury you in them. |
When the government fears the people, there is liberty. When the people fear the government, there is tyranny. |
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25 Posts |
Posted - 07/31/2008 : 22:16:55
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quote:
[i]
if you buy slabbed coins, stick with PCGS or NGS. the others are subject to grade inflation.
Do not buy PCGS or NCG just by what is says on the holder. There is a lot of grade inflation among them as well. They are better then the rest but always be your own judge. If your going to spend the money educate yourself on what your buying. |
When the government fears the people, there is liberty. When the people fear the government, there is tyranny. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 07/31/2008 : 23:00:10
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quote:
Originally posted by casperscoins
Thanks for the plug however I have to set the record straight. I can no longer sell eagles at 1.00 over. We sold them for a dollar over for years until some one posted about it on this forum and a couple others. Over 5k of eagles were gone in a a couple days. It took us a long time to build up that inventory. I can no longer replace those eagles for any where near a dollar over. I have had to raise the price to 2.00 over. This price really does not even allow me to buy the large quantities we need to replace our stock.
sorry man, I love your site...such good prices, and you seem like a nice guy.
I ordered from you tonight. I was wondering, do you ever get kilo bars in? |
"99% of all lawyers give the rest of them a bad name"
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Edited by - moboman on 07/31/2008 23:06:59 |
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25 Posts |
Posted - 08/01/2008 : 05:59:16
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| every now and then. I can get anything you want. It just cost more if I have to order it from another deal. |
When the government fears the people, there is liberty. When the people fear the government, there is tyranny. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 08/01/2008 : 06:16:53
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Wanting to place an order soon....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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51 Posts |
Posted - 08/01/2008 : 07:51:29
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| legacypac and casperscoins thanks for the encouragement and the lessons in gold and silver it is very much appreciated!!! |
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