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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 10/23/2008 : 20:36:30
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| I've been debating ordering from them. You have used them Nick? |
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Nickelless
Administrator
USA
5580 Posts |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 10/24/2008 : 08:12:04
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| Silver slipped below $9.00 last night. How low will it go spot price or not? |
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Think positive. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 10/24/2008 : 08:26:18
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I got that email too Nickelless. You have to preorder now!
Are Ardent and I the only ones here not buying right now?
Rodzm, I feel your pain, I lost that almost that much in a week! 
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"99% of all lawyers give the rest of them a bad name" 
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Nickelless
Administrator
USA
5580 Posts |
 Posted - 10/24/2008 : 20:01:24
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quote:
Originally posted by moboman
Are Ardent and I the only ones here not buying right now?
I'm trolling auctions and have found a number of sterling pieces that I've bid on and won, but haven't had much of a chance to drop into antique stores. It's not that we're not buying, just that a lot of us are shifting from coin stores and shows to secondhand sources selling "junk" that nobody else seems to want.
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Edited by - Nickelless on 10/24/2008 20:03:53 |
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Frugi
Administrator
USA
627 Posts |
Posted - 11/08/2008 : 22:42:32
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quote:
Originally posted by Nickelless
quote:
Originally posted by moboman
Are Ardent and I the only ones here not buying right now?
I'm trolling auctions and have found a number of sterling pieces that I've bid on and won, but haven't had much of a chance to drop into antique stores. It's not that we're not buying, just that a lot of us are shifting from coin stores and shows to secondhand sources selling "junk" that nobody else seems to want.
not to veer to far off this topic, but 2 great items to purchase are: Sterling Salt Cellars, and Grape Shears. Both of these items are very, very heavy when they are sterling. Grape Shears are the best to find, because people do not realize they are sterling. In most cases the handles are very large, and solid, heavy silver ( not cement filled ). You can find these in antique malls for about $50.00 or less, and they usually have about 4-6 oz. in .925; also Master Salt Cellars are small bowls usually with claw feet or something like. These are really handy for storing all of your exotic salt. These are coming back and will be very trendy in the next few years. ( people are starting to hold salt parties, where you have a bunch of exotic , colored salts, you grill nice food and sample salts from salt cellars ).You can find these usually in sterling for under $50.00, and they usually weigh 2-5 oz. Take a scale and weigh them without the glass insert. For great example pictures google master salt OR grape shears, OR check eBay. Most people have no idea what either of these items are and therefore will sell very cheap. The grape shears are your best bet, that is what I am currently seeking out--they are very heavy, and of course still useful as a tool, especially if you grow grapes. |
Real Eyes Realize Real Lies
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 11/08/2008 : 23:02:51
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When I see major dealers willing to pay above spot, then I know I will have to as well and can figure on anywhere from 50 cents to $2 per oz over what they are paying. Here are some examples:
APMEX buy prices:
Prospector, Englehard bars - spot plus $1 per oz
Generic bars, rounds - spot plus $0.50 per oz
ASE's - spot plus $4
Maples - spot plus $2.50
$1000 face bag of 90% - $8994.70 so this comes out to spot plus $2.50
Tulving.com buy prices:
Generic 1 oz rounds - spot plus $1.25 per oz
Generic 1 oz bars - spot plus $1.50 per oz
Engelhard/JM 100 oz bars - spot plus $1.00 per oz
$1000 face bag of 90% - spot plus $2.25 per oz
ASE's - spot plus $4.00 per oz
Maples - spot plus $3.00 per oz
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My hobby: collecting real money 1 copper cent or nickel at a time.
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marklarpants
Penny Sorter Member
USA
58 Posts |
Posted - 11/09/2008 : 15:59:55
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| i bought some silver dollars('08) for $17ea. i know i over paid but i have no silver save a 1951 dime. i figure i'll need some in the future...:) |
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fb101
Administrator
USA
2856 Posts |
Posted - 11/09/2008 : 16:12:58
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'08? If you mean American Silver Eagles they're ASE's - Silver dollars are 1935 and before.
Either way, good show! I don't think you overpaid that drastically if you got them in hand. I can beat that price as long as I'm willing to wait a long while for delivery. |
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Edited by - fb101 on 11/09/2008 16:16:27 |
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Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 11/09/2008 : 16:30:21
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| The only thing I've bought recently is a few Canadian Loonies. I got em for $8 each. Alittle high, but not real bad. |
Are you throwing that out? |
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Frugi
Administrator
USA
627 Posts |
Posted - 11/09/2008 : 19:03:07
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| at the fleamarket today (under 40 degrees, cloudy, and on/off snow from 5am-1pm) I sold off all the rest of the junk from my move, after reaping what last bit of money I could I re-invested a portion of it in Ag inside where it was warm. A coin dealer inside sold me 3- BU 2006 American Eagles at $14.00 each. That is all I bought. His selection was poor but was still cheaper than I had even suspected, since everyone online has been having a hard time finding it cheap. He had .999 bullion no namers, xmas bars, etc. for $12.00 each, and his 90% silver was 10X face(too high!!), he did have 1/10 oz. gold eagles for $92.00/each that is cheaper than most places I have seen recently. This dealer is someone you can bet on showing up no matter what and his prices seem to reflect the market every week, but he seems pretty fair, I have known of him for 20+ years. I know Ag can be found all around at prices more near spot especially this coming week, I will bet silver will drop bigtime this upcoming week, along with gold. I am going to be selling things more oftn on eBay now that I am settled in my house, and re-investing in Ag. It is going to get really cheap, I am so excited...:-) |
Real Eyes Realize Real Lies
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http://inflation.us
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www.pre82.com <-- My website. |
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marklarpants
Penny Sorter Member
USA
58 Posts |
Posted - 11/09/2008 : 19:53:50
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| yes i mean silver eagles. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 11/09/2008 : 20:26:14
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quote:
Originally posted by Frugi
I will bet silver will drop bigtime this upcoming week, along with gold. I am going to be selling things more oftn on eBay now that I am settled in my house, and re-investing in Ag. It is going to get really cheap, I am so excited...:-)
Just curious...why do you say silver will drop bigtime this week, and what do you mean by bigtime? What level do you expect it to hit? |
My hobby: collecting real money 1 copper cent or nickel at a time.
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rodzm
Penny Pincher Member
USA
143 Posts |
Posted - 11/10/2008 : 13:10:07
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If people knew when the big drops were going to happen we would all be millionaires. I'm not sure how Frugi "knows" that silver will drop big time but if his insight comes from charting then beleive me that is about as accurate as the weather is. Ive done plenty of stock charting and one thing Ill tell you is that in the current mArket, charting of stocks or PM's doesnt mean a damn thing. When dealers are paying $4 over spot for ASE's then you know there is something serious going on
Buy on the dip and sell when its real high. I have all the time in the world for silver to ride the $20 wave. |
Edited by - rodzm on 11/10/2008 13:14:32 |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 11/10/2008 : 13:14:30
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quote:
Originally posted by rodzm
If people knew when the big drops were going to happen we would all be millionaires. I'm not sure how Frugi "knows" that silver will drop big time but if his insight comes from charting then beleive me that is about as accurate as the weather is. Ive done plenty of stock charting and one thing Ill tell you is that in the current mArket, charting of stocks or PM's doesnt mean a damn thing.
Buy on the dip and sell when its real high. I have all the time in the world for silver to ride the $20 wave
I agree....there is so much more to it then doing chart/wave/elliot analysis. If it was that easy, you're right we would all be millionaires.
I am still curious though to find out what his basis is. So far, silver is up today so is he expecting it to get hammered the rest of the week? |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 11/10/2008 : 13:27:10
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| Anyone remember when $10 silver was considered "cheap" and almost everyone said they would back up the truck if we ever saw it again? It's tough to call a bottom in any market and bottoms seldom come fast but rallies often do. Often markets change when you can't take advantage of them. You are maybe at work and by time you get home it's all but too late. This is very true when you buy physical PMs. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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rodzm
Penny Pincher Member
USA
143 Posts |
Posted - 11/10/2008 : 14:12:23
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quote:
Originally posted by Ardent Listener
Anyone remember when $10 silver was considered "cheap" and almost everyone said they would back up the truck if we ever saw it again? It's tough to call a bottom in any market and bottoms seldom come fast but rallies often do. Often markets change when you can't take advantage of them. You are maybe at work and by time you get home it's all but too late. This is very true when you buy physical PMs.
Hindsight is everything...I find it hard to believe this is the bottom that everyone was expecting. What sucks is that there is so much disconnect between the paper and physical market that we may not even know what the bottom is. You see people say they would back up the truck but not at $4 over spot.
The days of low premiums are gone IMO. In December 2005 I paid $9.41/ oz for Engelhard bars from APMEX that was including the premiums which I think were in the ballpark of $1.00-1.50 over spot. As early as August 2007 I paid $11.87/oz for APMEX brand bars.
Im almost thinking that the huge spike we saw earlier this year accounts for the high premiums. There is a lot of people sitting on silver that was bought high and now they must charge high premiums to recoup some of that cash back. Just my thoughts...I may be wrong on that or there is really a lack of smaller investment bars |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 11/10/2008 : 15:54:52
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My relationship with my local dealer must be getting better.
Everytime I ask for bullion closer to spot and he always said he didn't have anything.
Today he shows me some stash, he explained he only keeps for the regulars. So I picked up a 10oz National bar and some miscellaneous fractional bars. $12.00/oz...
The National is especially nice, it has some nice toning, and he explained that this was made by a company in Canada, probably 20-30yrs ago...
This is my 1st 10oz bar, it's awesome.
He still has some "Medallion art" presidential, apollo I probably will pick up in the next few weeks.
Bullion is bullion right? Who cares what it looks like if I am buying for str8 bullion...
So what president should I get 1st? Or should I pick up the Apollos (probably 80grams each) |
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rodzm
Penny Pincher Member
USA
143 Posts |
Posted - 11/10/2008 : 16:22:18
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quote:
Originally posted by oober
My relationship with my local dealer must be getting better.
Everytime I ask for bullion closer to spot and he always said he didn't have anything.
Today he shows me some stash, he explained he only keeps for the regulars. So I picked up a 10oz National bar and some miscellaneous fractional bars. $12.00/oz...
The National is especially nice, it has some nice toning, and he explained that this was made by a company in Canada, probably 20-30yrs ago...
This is my 1st 10oz bar, it's awesome.
He still has some "Medallion art" presidential, apollo I probably will pick up in the next few weeks.
Bullion is bullion right? Who cares what it looks like if I am buying for str8 bullion...
So what president should I get 1st? Or should I pick up the Apollos (probably 80grams each)
Nice going oober...Apollos sounds interesting. The more business you give him the more he will be willing to give you good deals. $12/ oz is awesome especially since you dont have to pay shipping and handling plus you support your local economy. I can only deal with online dealers since I am overseas but Im tempted to ask how much locals are buying bullion for.
I am stationed in Germany and Im interested in finding out how local dealers pay for bullion. Hell I may be able to get some serious premium for American Silver Eagles since they may be rare here in Germany. I may be in luck even if the pay 14 Euros/ oz for generic rounds as that is almost 16-17 dollars |
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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 11/10/2008 : 16:38:54
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rodazm:
I am in Hannover right now and brought with me a few 1 oz. bars. I was planning on selling them for about 12-13 Euros.
If you are in the area, I would be glad to sell them to a real cent member.
PM or email me if interested. |
www.londongoldbuyer.com |
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rodzm
Penny Pincher Member
USA
143 Posts |
Posted - 11/10/2008 : 17:06:31
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quote:
Originally posted by fasTTcar
rodazm:
I am in Hannover right now and brought with me a few 1 oz. bars. I was planning on selling them for about 12-13 Euros.
If you are in the area, I would be glad to sell them to a real cent member.
PM or email me if interested.
Thanks for the offer but I have enough silver for now and will be switching to gold until I reach a decent ratio of silver to gold, Im wondering though if there is any money to be made by selling to the local dealers. Especially Silver Eagles or new bullion rounds.
Do you have any recent experiences as to how much dealers are paying locally |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 11/10/2008 : 17:33:30
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| In the service Rod? |
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rodzm
Penny Pincher Member
USA
143 Posts |
Posted - 11/10/2008 : 17:41:10
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quote:
Originally posted by oober
In the service Rod?
Yup...8 years and counting. Im in Germany now and it abinappropriate languageely sucks not being able to go to coin shows or visit your local PM dealer. Im looking out for some coin shops here in Germany to see how they are. Hell if I can get SAE's for $16-17 and sell them here for 18-20 Euros I may be looking at a steady profit from local dealers wanting to buy them
One can only wish..... |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 11/10/2008 : 17:56:41
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I actually hired a career Navy guy 2 yrs ago. I have 3 people that served in my dept... They are squared away... This is how I do my part. Support the soldiers by hiring them when I can...
Well anyways... Appreciate what your doing for our country!! |
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rodzm
Penny Pincher Member
USA
143 Posts |
Posted - 11/11/2008 : 01:12:01
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quote:
Originally posted by oober
I actually hired a career Navy guy 2 yrs ago. I have 3 people that served in my dept... They are squared away... This is how I do my part. Support the soldiers by hiring them when I can...
Well anyways... Appreciate what your doing for our country!!
Its always great to know that our job doesnt go unnoticed, only if things were like that back during Vietnam. |
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How much are you willing to pay for silver
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