Can you get the premium back on an American Silver Eagle?

Discussion in 'Bullion Investing' started by Westtexasbound, Jul 3, 2013.

  1. Westtexasbound

    Westtexasbound Active Member

    I am looking at a 1 oz JM bar vs an ASE. The ASE carries an additional $1.31 premium on top of the premium for the bar.

    To make it simple and avoid complicating it with changes in silver, lets say you buy both and then could walk back in the door and sell it. Would you be getting around the same premium back with the ASE or does that premium get much smaller.

    To me the ASE will be the easier one to get rid off and I don't mind paying the premium if I can expect the same sort of premium on exit. But if I pay $1.31 premium to have a pretty coin and then I only get say .25 or .50 back then it might not be worth it.
     
    Westtexasbound, Jul 3, 2013
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  3. SCFY

    SCFY Active Member

    Both have a decent premium but the ASE should get back a little more then the JM Bar, depends on what the dealer needs more of and what the market is doing at that time.
     
    SCFY, Jul 3, 2013
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  4. mikem2000

    mikem2000 Lost Cause

    Currently, Provident Metals buy back price on an ASE is $21.31 and a JM bar is $20.21
     
    mikem2000, Jul 3, 2013
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  5. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    One thing you might consider is that last year Sunshine Mint made a bunch of 1oz bars for JM...I forget the letter before the number that is the "tell", but it did happen....just a friendly FYI
     
    PeacePeople, Jul 3, 2013
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  6. aandabooks

    aandabooks Member

    I have sold silver to a couple different places and ASEs have always brought spot. Generic bars and rounds have either been at spot or $1 behind spot. Kind of depends on what the shop's stock situation was at the time. I've never sold for more than spot.
     
    aandabooks, Jul 3, 2013
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  7. saltysam-1

    saltysam-1 Junior Member

    It's seems like a dollar less than spot for generics, and spot for ASE's and other premium rounds, in the Chicago area.
     
    saltysam-1, Jul 3, 2013
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  8. Westtexasbound

    Westtexasbound Active Member

    Ok. I did the math. I looked at the ASE vs a 1 oz JM round. $1.23 additional premium over the premium for the round. If I sold both back I would get an additional $1.58 back. The ASE is better and you get your premium and more. Looked at a second dealer and it was $1.31 and $1.48.

    I know people say get the most silver for your dollar. If you plan to die with it then maybe so but in the right situation everyone would sell. There will be an exit strategy. The ASE seems the better route
     
    Westtexasbound, Jul 5, 2013
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