I find it hard to believe how much they are asking for Silver Eagles. I know that silver is at $9.57 now +/- but to try and get $12 to $14 for one Eagle plus shipping is really out of hand. I will have to get five of them to keep my sets up to date but I will lay off of the roll's this year. I feel silver will come down and not hold the price, of course I must be positive.Eh:thumb:
Really? Let's see Silver is $9.57 + $1.25 to the distributor + .25 for shipping + .50 profit = $11.57 This is the price the dealer you are buying from is paying for it. His shipping is another .25 so his total cost is $11.83 If he sells it for $12 his profit is 17 cents. So I would say that $12.50 should be minimum that they should be selling for. Now the dealer is making 67 cents or about 6% profit. And if the sell it in a shop and the buyer expects the dealer to eat the sales tax profit becomes zero. So in that case the price has be jacked up even more.
I've also noticed that a lot of "junk" silver seems to be disappearing from my normal hunting grounds too. This would include lower grade morgan and peace dollars and franklin halves that sell close to the spot value of their silver content. Which is better -- a $9.50 morgan or a $12 ASE assuming the ASE is in average condition for a new coin?
Actually better would probably be generic silver rounds. I wouldn't be surprised if you can get them for a dollar over spot. They'd have more silver than the worn morgan and they are cheaper than the ASE.
Thanks. I have a number of silver rounds, but I'm always on the lookout for whatever might be selling for a bargain price.
