Pre Ordered 2007 A/E

I pre ordered my 2007 A/E coins yesterday at a locked in price of $14.75 each. I dont think silver will bottom out anytime soon and will only go up so I thought this would the time to buy. Has anyone else taken advantage of a pre order?

 

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Where did you preorder at? online or local dealer?

 

I don't know all of the lingo yet so could you tell me what A/E means. I usually just guess a few times at things like AGE and all that I see on here and if I feel I'm close enough to what it means i'll go on and finish reading the post and usually figure out what it stands for, but I can't seem to get this one.

thanks

Tom

 

American (Silver) Eagles and American Gold Eagles

 

What???? $14.75 per coin......OUCH!!!

Thats almost 3.00 over spot.....tell me you are kidding...
RickieB

 

why would almost $3 over spot be ouch?

 

Kitco is $15.02 for an ASE, spot is $12.39 at this moment.

 

I always pre-order what I need to keep my ASE date sets going just to make sure I get them early. Too risky to wait until January. Silver prices could move up sharply in a pretty short period of time these days.

 

I ordered mine from http://www.mintproducts.com. I know its 3 bucks over the silver spot price but, I am buying a coin not a bar. I agree with cloudsweeper and always pre order for the same reasons. RC out

 

On another note. Not to to take away from that the Silver eagles cost more now then years past. I remeber buying them for 8 to 9 bucks each back in 89. Now the cost is only a few bucks more. what my point to this is. Thats a pretty slow gain in value. Thats not saying anything about the mintage. Dont get me wrong. but if you are buying silver as an investment,not to just collect. then please read on. Just to share this.

I have more then this buy last year i got a 100oz's of silver in one oz bars at 8 bucks an oz. just after that silver started to rise ago. What you really should be doing is buying your precious metals in large amounts at the down side of a market trend rise. Silver as is gold, platinum and palladium even copper are seasonal. Basically just keep watching it. and buy it when it drops because it always gos up again. Also a fact EVERYONE should be considering is that the days of oil based fuels are very numbered. Soon just about everything is going to be running with more electrical motors. Guess what's needed for those. PRECIOUS METALS. My opinion to all of you thinking about buying such metals should be trying to buy it up now because someday pretty soon its going to be to expensive for the everyday Joe. Just sit back and think about this. 100 oz at $8 an oz gained $4 in value in a year. That's a pretty good spike. Yes, it will go down again, but just the same its going to go back up. So even if you bought and oz at 14 bucks it will still gain, just slower for the first few years. Simple math and theory. But dont take my word for it. Just watch those markets everyday for a year starting today.

 

I only began buying silver eagles a few years ago, so my rate of return has been pretty acceptable. I'm not sure I buy your analysis even though I agree with your conclusion. Gold looks like it will be a good investment from here, and silver might be a great investment. The coins are just more fun than the bars.

 

I agree with you holeheartly about the coins being more fun. They sure look a hell of a lot better. lol , I remember once a while back looking at the bars ( i left then in the bag they came in ) all stacked up and thought Gee, thats just great. THere they are. hmm not alot of eye apeal. Coins on the other hand offer so much more , Something. Sometimes I dig in to my collection just to look. every 2 ot 5 years. lol

 

14.75 is not bad for a 07 A/E pre-order, the 06 A/E is going for 14.37 at APMEX. But I have seen some places asking 19+ for them. It pays to shop around.

 

No I don't think silver will drop any time soon, but I am looking forward to the day it does.
I started collecting silver bars when they were around $4.00 an oz back in the early 90's and stop when it hit around $7.00 an oz. and sold them all at $12.00 an oz when it hit $14.00 an oz. That made for a nice little profit and the money is seating in a CD until the price goes back down.

So bars are good for something other then looking at.

 

Littleton wants $25 and if you think that's a rip off go to www.ahs.com get this, they want $50 each!
I buy at coin shows, no shipping charges.

 

Howdy all,

I concur with Nathan but more on that later.

The premium on ASE has always been higher than generic silver. They are US issue and easily bought and sold. If you want to set aside some eagles, just shop around for the best price. Check Kitco for a benchmark, and Coin World. I've had very good luck with Paul Sims (I know he's not popular due to dipped coins, but he's been fine with ASE for me.).

If you're just stashing bullion, you can buy silver ingots or rounds at much closer to spot price. You need to differentiate between investing in bullion and collecting coins. Most of us probably do a little of both, and that's fine. However, you need to keep you goals in mind when you spend your hard earned cash.

As for the bullion precious metals markets, I follow them extremely closely and have for quite a few years. From a technical perspective, we're right at breakout for gold (spot 626 and resistance between 610-626), have broken out with the XAU (at 137 with resistance ~132), silver has broken out with spot at 12.61 and resistance at 12.40 and what no one is noticing, platinum has taken off this past week like a scalded cat going up over 10% since monday.

This all leads credence to the metals going up from here thru the end of the year and very possibly strongly. I realize that some are calling for 'one more correction', but I'm betting the other way.

Fundamentally, gold, the other precious metals and frankly every single natural resource is becoming more and more scarce whilst us humans are making more and more babies. For gold in particular, china legalized owning it a couple of years ago, and their economy is booming and the whole world loves 'bling'. In India, it's cultural with gold jewelry serving as social security for the women and the basis of all dowry's . . . and their economy is booming. Our trading partners are sitting on so many dollars, that they're starting to buy gold as a diversification. Cripes, how many tents full of dollars does an oil sheik need before he wants something else (utilty curves 101). Many of the other countries are starting to increase their gold holdings - like Russia. What scared some of these folks with large holdings in dollars is that in the past couple of years, our gov't has basically told them they can't buy anything of any sort of real value in this country with their dollars. Remember the chinese oil company wanting to buy one of ours? Nope. How about the port system and Dubai? Nope. No Sir, you can keep all those dollars, but we won't exchange them for any real assets, TYVM! Now, they're not going to dump dollars as it would hurt them most, but look to them slowly being net buyers of gold.

just my humble 2 cents worth and this is NOT investment advice,

peace,

rono

 

I collect coins not bars so why would I consider buying silver bars. I also remember pay $7-$8 for A/E 's back in late 80's and now I'm payng double. I invest in the stock market, I buy coins because I like them. If they appreciate thats fine with me but that is not the reason I buy them. Unless you are completly in the dark and buying off of Ebay or QVC, how many of you have lost money on your coins?

 

I just got 20 2006 NGC MS69 with NGC box guess how much?

 

Im reply.
Just for the sake of discussion.

 

599.96 give or take 2 cents. I was impressed with that price just cuz of the price ngc charges just to certify the coins.

Congrats on the buy.