Silver Eagles 32.50…..Silver at 18.50?

I'd hope most would say that.

 

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I think many will agree about diamonds. Debeers did a good job. Gems is a shark tank for investors. At least pm is demonstrably rare in the earth, though why a few are expensive and others not is another matter. Why isn't osmium $40k an ounce?

 

Because it stinks, duh.

 

I think the current middle-aged generation (35-55) are seeing right through the marketing smoke screen to the irrationality and 'killing' the long establish 'acceptable market standard'.

 

When premiums get this absurd it's time to ditch the "Only buy American gold or silver eagles" mentality. Besides, when it comes time to sell any dealer worth a darn will know all the common bullion and world gold/silver coins. So I don't buy the whole notion that some dealer will pass on a Britannia because it's not a gold eagle.

As far as the thinking that regular people would only accept an eagle, 98% of Americans probably wouldn't know what a gold or silver eagle was if you put it in front of them. We are a niche group here. Don't fall for the marketing hype to get you to pay more.

Buy what makes sense financially, and if that's a gold or silver Britannia, or Perth Mint Kangaroo, or a Maple Leaf, so be it.

 

Stopped by the pawn shop near work for the first time in a couple of weeks, and they'd just put out a bunch of ASEs, mostly in groups of 5, but also some pairs and singles.

$38 and change. Per coin, of course. Yep -- 100% premium over spot. I guess you could say I got a better premium, or a worse one, it all depends on what you want to multiply by zero.

 

Yep.

I'm just buying 'common' world junk silver right now and getting it for spot or a small premium. It's mostly just for fun and variety, but there is a bit of 'stacking' intent too.

If I was a dealer/seller, I'd totally sell into this market at the current retail market rates. You'd have to be a business fool not to.

 

I agree Flute.. consider me a fool I just can't bring myself to sell just yet. selling online you got package and then ship I am not a good packager..