Here's the link for the Eagles. Just got an email. Limited quantities!! http://www.ebay.com/itm/Roll-of-20-...698?pt=LH_DefaultDomain_0&hash=item20f2b676c2
That's a good deal.....the premium to silver for coins is still high compared to gold and other metals. Silver coins are pretty lucrative for the dealers, esp. compared to gold.
I'd love to know exactly what they paid for the monster boxes from the Mint when they came out on 1-22. I know it's said they pay $2 over spot but what was their official price per coin or per roll or per monster box?
It's $19.75 per ASE, which is CHEAPER than the price they are advertising for a 500 ASE Monster Box. Silver is $16.71 so it's an 18% premium. Not sure how much they are making, depending on their cost from the mint. As I understand it, there are only a few select wholesalers who deal directly with the mint. I don't believe you can buy regular UNC ASEs directly from the Mint, right ? Just Proofs and special silver coins.
The mint sells silver eagles to their authorized distributors for $2.00 over spot price. So dealers who aren't authorized distributors are paying even more than $2 over spot.
Regarless of price ? $2 markup if silver trades down to $10/oz. is alot different than when silver was $30/oz.
Yes regardless of price (at the current time), so the premium over spot has gone up quite a bit with the lower silver price. That's why I don't think eagles are a good investment at current time. I'd rather get generic bullion for around $.50 over spot when on sale.
Yeah, in an environment of low metal prices -- and what happens if silver trades back into the single-digits ? -- the Mint should make the markup the LESSER of $2 or 10%. A few years ago silver was $25-$35 for a few years, not sure if that $2 markup has always been the norm (was it ?) but as long as demand is there and 1 oz. of silver is more affordable to the masses, it'll probably stay. The regular, savvy buyers of silver will switch but most casual silver or precious metal investors or collectors will want something familiar and easy to buy/sell. That's ASEs, not bars, rounds, or pure bullion.
The Mint's cost to produce an Eagle is probably fixed (mostly at least). Meaning that the labor, die depreciation, distribution, storage, etc., cost are the same no matter what the cost of the raw materials (silver). If they need to sell them for $2 per coin over spot, then their cost in labor and overhead is probably in the $1 each range and the other $1 is profit. I have no insider info for the Mint, but knowing something about manufacturing and applying logic, this seems to be likely. Rob
Though I really do like Eagles that price right now isn't that good. If you are looking for silver PM has 10oz bars for $.49 over limit of 10.
