what a decent price to pay for

okay im looking to buy A.S.E. / silver eagles what the going rate

 

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Silver is about $32. Expect to pay $2 to $5 more than that. You might check what local places are charging. The last time I checked, the proofs were bringing a bit more than the MS.

 

Spot price plus the dealers markup so around $37 or less. You need to find a dealer with a lower mark up.

 

I always look to APMEX first and one should never pay more than what they have random year BU ASE's listed at. Currently at $36.48 each.

 

Look for older dates, like in the 1990’s, where collector interest is low. You want to avoid paying a numismatic premiums if your intent is to invest in silver. I saw some low prices at a show, like $34 each at a show, for these older pieces.

 

All good replies. ASE's are worth one ounce of silver. I don't care how they are packaged and presented, use spot price as your guide and allow a little overhead for the seller. I would only caution that it appears the metals markets are continuing their march upwards so I would jump sooner rather than later.

 

I just found a 1943-S Walking Liberty Half that I paid $5.00 for. Wish I had bought more than one of them.

 

I have a $20 gold piece for which I paid $75 in the 1965, which was big money for it back then. I was afraid of ending up with a counterfiet which prompted me to buy from high priced, reliable sources. Today it's in an MS-64 holder. We all wish we could buy at yesterday's prices, but you could only buy what you could afford or what made you comfortable.

When I graduated from grad school in 1980, gold was $135 an ounce.

 

I hear that. I’m still opening packages they so bought 7 plus years ago. Lots of hours and overtime led me to purchase coins and now when I open them, I’m stunned at the low prices.

 

I offered to help…..

 

Just be careful who you're buying from if online. I did a "shopping" search and saw a site called winktop selling them for $24.99 or if you buy 50, $494.99. That works out to less than $10 each. These are most assuredly Chinese counterfeits. You can get these on that Chinese website for less than $2. Nobody is going to sell you silver for less than melt.

 

Your post really generated an interest in determining the R.O.I. on some raw $2.5 Gold undamaged coins I bought in 1958 upon completing my initial engineering studies.
I was hired without application, with a guaranteed ride to/from work, by 2 managers, from my home, as the lone new equipment designer for an established material handling firm.
I now had a steady source of income to expand my Numismatic collection, into Gold!
The price of Gold at that time was ~$35/oz.!
I recently looked at the lowest current sale prices for those coins, as Gold price reversed more than I liked.
I listed 4 different consecutive date coins in Fine-AU condition at 75% of lowest market listings, on Craigslist.
The coins were purchased within 1 day of listing.
The simple R.O.I. interest rate for those 67 years was ~10%/annum!
Higher quality pre-1950 Silver coins listed at an appreciable market discount, numerous times over the years, remain un-noticed!
I've appreciated your astute investments, and your sharing efforts!
Thanks!!

 

The best gold investments were pieces in Choice to Gem Uncirculated (MS-64 and better.) I paid less than $50 for pieces that are worth thousands. In the 1960s, the prices between “Uncirculated” and “Choice Uncirculated” was only a couple dollars from sellers like Stacks’. A few dollars more paid then paid huge dividends later. The trouble was you had to be able to grade well enough to spot them.

 

I see an ad on TV all the time. They are offering a gold plated coin with a limit of five. They talk about a fifty dollar gold coin that now sells for just over $3000 but the $5.00 one they are selling is plated with 14 milligrams of solid gold for only $9.95 plus shipping and handling. At current gold prices that’s about $.59 cents of gold. You gotta listen to what is being said and do the math but people listen to the sales pitch.

 

Wasn't 1980 the big spike? I think it was over $500 the whole year...?

In 1980 I was working half days in a computing center until I graduated high school, then full time for the summer. I think I was making a bit over $3/hr.

 

I think that's the one that calls it a "tribute coin" or some such nonsense.

 

Maybe but I don’t recall hearing that word.

 

Topic distraction alert! Yup, here it is. The "$50 gold buffalo tribute proof". https://newbuffaloproof.com. I think I've seen the print ad somewhere too. Note that it does have COPY in the braid so it's legal to sell.


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I get a kick out of the fonts in that part. It's like they're trying to be honest or something.

 

It's probably because they're on ebay, but alot of the sellers with ASE's I'm looking at with my birthyear with MS69 grading are asking $50+

 

If you are buying American Silver Eagles for their silver content, stay away from the certified coins. They will only cost you more money, and you probably won't recover your investment when it comes time to sell if the coin is grade MS-69.

Given the overall quality of these coins, you will probably find a piece as nice as the one in the MS-69 holder for a lot less money. Registry minded collectors pay big bucks for those graded MS-70, but not for the MS-69s.