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darsemnos
Penny Sorter Member
96 Posts |
 Posted - 10/11/2008 : 19:06:30
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Tulving lists 2008 silver eagles as $5.99 over spot and in stock.
Junk silver is at $4.50 over spot.
Gold eagles are $99 over spot.
It's getting nuts.
I suppose it makes sense. Silver goes down $2, so the premium goes up $2.
Monex still seems to offer decent prices, but I haven't checked to see if they actually have any stock.
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Nickelless
Administrator
USA
5580 Posts |
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fb101
Administrator
USA
2856 Posts |
Posted - 10/11/2008 : 19:24:32
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In a perverse way it does. They were paying spot+ for those eagles, and they're not going to drop the profit over what they paid. I suspect, in more liquid markets they have more flexibility, and can follow spot better because they know they can replenish at a certain price. In this market, spot may be $10, but they still have to pay $15 for them and they are keeping their profit margin. If they want to stay in business they have to. Also, they are being hurt by the lack of supply.
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n/a
deleted
41 Posts |
Posted - 10/12/2008 : 10:48:11
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| Another way you can look at it is as a decoupling between paper bullion and the real stuff. While the paper market is doing... whatever the hell it's doing, the market on the street is reflecting ordinary people's flight to safety. |
I'm not gone, I'm just lurking. |
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Somnophore
Penny Pincher Member
United Kingdom
161 Posts |
Posted - 10/12/2008 : 12:21:50
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| well if what eveyone says is true and silver is hard to come by and dealers cab hardly get any, then the few they get they will need to charge a higher premium on to maintain their income, if they could push more volume they could reduce the premiums. It's the same in any business. |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 10/12/2008 : 18:16:40
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Stoped at the coin store yesterday. Silver was at $10.50. Silver rounds cost $18. Silver Eagles cost $30.
Little more than I hoped. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 10/12/2008 : 22:53:27
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quote:
Originally posted by Cody8404
Stoped at the coin store yesterday. Silver was at $10.50. Silver rounds cost $18. Silver Eagles cost $30.
Little more than I hoped.
Wow that is one of the biggest premiums I have heard of! Did the dealer say what he was paying for those items? |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 10/12/2008 : 23:53:40
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What's stopping people from paying the current spot price via paper. Then having it delivered? NWTMINT is selling 10oz bars min 50oz for 114.7 a bar.
Compaired to Ebay 180 I've been seeing. People say the shipping takes a while. But what's it matter, if you're saving a couple hundred bucks? |
Trolling is an art. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/13/2008 : 01:30:14
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quote:
Originally posted by Nickelless
I'm getting copper pennies at less than 70 percent of spot.
Yes, but you are selling them at 80% of face.   |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/13/2008 : 01:31:59
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quote:
Originally posted by Cody8404
Stoped at the coin store yesterday. Silver was at $10.50. Silver rounds cost $18. Silver Eagles cost $30.
Little more than I hoped.
That does seem like a high premium. I figure at those prices I might as well get Proof Eagles. Got 2 really shiny ones at the coin show today for $32 each. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 10/13/2008 : 08:24:12
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quote:
Originally posted by HoardCopperByTheTon
quote:
Originally posted by Cody8404
Stoped at the coin store yesterday. Silver was at $10.50. Silver rounds cost $18. Silver Eagles cost $30.
Little more than I hoped.
That does seem like a high premium. I figure at those prices I might as well get Proof Eagles. Got 2 really shiny ones at the coin show today for $32 each.
I want proof silver eagles for $32 each! Someone must have really needed the money to let go of proofs for that. I like proofs. The boxes are worth atleast a couple bucks apiecee. |
"99% of all lawyers give the rest of them a bad name"
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 10/13/2008 : 08:55:05
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quote:
Originally posted by Neckro
What's stopping people from paying the current spot price via paper. Then having it delivered? NWTMINT is selling 10oz bars min 50oz for 114.7 a bar.
Compaired to Ebay 180 I've been seeing. People say the shipping takes a while. But what's it matter, if you're saving a couple hundred bucks?
Thanks, nice prices especially on silver and they have the most stuff in stock of anyplace that I have seen lately.
You must be logged in to see this link. |
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rodzm
Penny Pincher Member
USA
143 Posts |
Posted - 10/13/2008 : 09:25:45
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| Ive heard NWT Mint takes forever to send their orders. Granted late is better than never but if it takes months for me to receive my order then Ill pass |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 10/13/2008 : 09:32:44
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quote:
Originally posted by rodzm
Ive heard NWT Mint takes forever to send their orders. Granted late is better than never but if it takes months for me to receive my order then Ill pass
Anyone with personal experience buying or selling is most welcome to go into details on our new dealers forum, but I too have heard the same about NWTM and I agree that I would pass on them too. |
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Think positive. |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 10/13/2008 : 09:57:19
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| I'll be willing to part with my ASE's for 30bucks a pop =D |
Trolling is an art. |
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