The Ebay "Buy It Now" deal of the day!!!!!

Would anyone else pay $300 for 5 (five) 2007 W PCGS First Strike MS70's? With free shipping I might add?

 

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Where can I stand in line for that deal!?

 

im next .

 

I think it's silly to pay more than melt for graded silver. Graded silver is a silly concept all in itself. You have an ounce of silver, and that's all it will ever be.

 

Detecto, they are MS70. They will carry a premium, especially for those looking to put together a registry set.

 

I have a natural aversion to graded ASE's because, as bullion, they should always be in MS.

 

No more or less silly than $1000 pennies. Different strokes for different folks.

 

Aren't those the uncs, sold only to collectors? If so, not a bad price.

 

$300? Why not? On the TV coin shows, they'd probably ask $500 for them.

 

I wouldn't pay more than $4 over melt. First strike?LOL MS70? LMBO

 

The one you can see has the 'W' mint mark, so yea, that's right. Plus, you don't buy these according to what they're worth to you, but rather what they're worth to people that will buy them from you. And they are out there and willing to spend the money.

 

Well, here's just one with a BIN of $359.00:

http://www.ebay.com/itm/2007-W-MS70...50449644173?pt=Bullion_US&hash=item51986d328d

 

To me they are bullion (and actually that is just what they are). Yes they are legal tender but I buy them for the .999 oz. silver on the reverse, not because their grade or denomination.

 

I could not agree more.

 

One thing you don't seem to understand is ASE's are more than simply straight bullion. Even raw examples carry a premium over melt because they are highly collected. While I agree that large premiums for MS70 slabbed examples is a little ridiculous...these coins sell for a premium over melt 99.999% of the time.

 

That's true. However when I buy bullion, I just want an ounce of silver. I don't care if it's an ASE.

 

I have to say, both sides of the fence are correct for their own purposes. Bullion people won’t buy these at a significant premium from the mint because they want only PM. Collectors feel they’re worth the premium because they’re low mintage compared to the bullion issues and may out perform PM - or they want one for their collection regardless of price performance. From a numismatist’s point of view, I appreciate the fact the bullion guys won’t drive up the mintage on these, keeping them a viable collectable.

 

So ddoom1 & Detecto, how many 1996-S or W or 2006 W Burnished Uncirculated will you sell me for $ 30.91 today ?

Dave

 

Very, Very funny, Mojavedave! I am with you on that. ASE's are not just bullion. to say or think that is tantamount to saying other coins we collect are just copper, silver, or gold bullion, or just coins, or just round disks of metal for that matter.

 

Well for me I'm not even sure the dates of the ASE's that I own (only about 6-7). However, I do know they are generally sold above not at melt value. So what I can tell you is that I would buy any date/mm combination at a little over melt for bullion investment purposes.