I see the silver price at under $20 as I type this, and yet I am some how thinking about spending more then a $14 premium just to have a bar that's stamped Pamp. Am I going nuts or should I buy it because it carrys a premium for a reason. Are Pamp bars worth the premium, or is it one of the biggest scams out there? Please help me figure out if I am just being stupid considering paying so much above silver for a non numismatic item. One more thing, I have not even mentioned the specialty items like 2012 Year of the dragon which start off around $45, and I have seen people asking for higher. Help!!! LOL
When you go to sell it, you'll have to find someone who really likes Pamp bars and is willing to pay the premium. And the premium is hefty! If you're just looking for quality silver, go with the ASEs. I think it will be hard for you to get back the premium you pay for the pamp bars. If someone were offering them to me, I'd pay a little above spot and below the premium on ASEs. For ASEs, right now I'd be willing to pay $2 over and if the tubes are sealed, maybe $2.25 over. You can find ASEs from dealers for $3 over, so my price is fair. Dealers have sales from time to time when they sell ASEs for $2.5 over. I did however dump my ASE stack at 1.25 over because I had a feeling silver was going to go down. I listed them on Craigslist and they sold right away. I could've held out for 2.5 over and probably would have gotten it, but i just wanted out. I also sold Libertads and Takus for $2 over at $35/oz. So, the government minted stuff holds it's premium pretty well. So, regardless of where silver is, you can expect to make back the premium on ASEs.
I found a great deal on ASEs if you buy bulk so yea I agree with you about that. The pamp bars are sexy lol, just not worth the pemium I think. http://www.meritgold.com/product-detail/silver/bullion/silver-american-eagle-1-oz $1500 min purchase but its wholesale pricing. Takes about a month to get the order but worth it at this price. what do you think?
I know it's very tempting to buy the cool looking stuff. I occassionally bought some and then regretted it. You have to remember why you're doing this. If you're doing it for collecting, then sure, go ahead and buy all the high premium stuff. If you're just stacking, stick to low premium silver or highly liquid silver. If you're preparing for the end of the world, 90% silver should do the trick.
Anytime I buy the high premium bullion it is just one ounce. Pandas, Koalas, Kooks and such. I'll pay the higher premium once and then is back to the generic bullion bin at $1.50 over or ASE/MLs at $3 over.
I think they're pricing off $19/oz. Silver just dropped almost 60 cents in the past 30 mins or so. Still a good deal at 2.95 over.
Well maybe it was an hour ago, but not so much right now. POS silver $19.20 Maybe it will a good price again in a few hours. This market moves quick. Oops, I mean $19 even.....
I get your point, but I'd probably question the priorities of a collector who buys Pamp bars as a collectible. They're not a collectible. They're produced at the highest rate as the market will bear. Good collectibles are items that have limited runs, thereby creating a relative scarcity. They might be numbered, but they're not dated and there's very limited information by which to assign scarcity to a given bar. To the OP's point, no, it's not worth it as an investment or a collectible, because there are a limited number of investors or collectors that will give you anywhere close to the retail premium on them. If you were trying to sell Pamp bars to me, I'd pay you the spot price of metal, nothing more. I'd consider a small premium - perhaps $1 over spot - if I were really itching to buy. I suspect there are a lot of posters here with similar sentiments. You can do the math on how much silver will have to rise for you to get your money back out of them.
