I'm ready to purchase another tube of silver bullion coins and can buy them at my LCS for $4.42 over spot (currently $19). I like & own both ASE & CML coins but can't decide which is a better acquisition. Please share your thoughts regarding the desirability of these coins. Thank you.
Not to put down Canadian coins cause I love their older coins but ASE's liquidate faster as they are preferred by more buyers. At least on this side of the border. To me it's a no brainer, collect Maples to add a new design to your collection but if it's all about the money go with the ASE's.
CML: Denomination $5. Fineness: 0.9999. Coins per tube: 25 ASE: Denomination $1. Fineness: 0.999. Coins per tube: 20 FWIW: I find that CML bullion has a greater frequency of cranking out coins with a lot of the so-called 'milk spots' on them compared to ASE bullion.
$4.42 over spot when silver is only $19?? That is a huge premium for bullion coins that are cranked out by the millions year in & year out..... Suggestion: Ask your LCS what they pay for ML's & ASE's. Spot?
Let's assume that I'm never going to buy silver at spot. At the time this price was lower than either APMEX or Provident credit card prices with shipping factored in. It isn't today, but it was then. It's a fluid situation. What I meant to ask is which coin is the most liquid?
If you live in the United States, the ASEs are more liquid. Also, I have found most dealers will pay you $1.00 premium when you sell.
I'll go with option 3, generic bullion for $1-$1.50 over spot. If you are paying $4.50 over eagles the best you will probably do on resale is a $1 over, (unless you sell on Ebay), so you are losing $3.50 to the spread. If you buy bullion for a $1 over spot, I feel like you won't do worse than a dollar under spot on resale. So you'd be losing $2 to the spread, you could get $2 under spot for them and still make out better than the govt coins.
