Pre-Purchase price of ASE

I see a pre-price of the 2016 American Silver Eagles for $ 17.95 Ea. Plus shipping. For 9/10 free shipping. Considering US mint has been selling these for around $ 40.00 in the past with a container box and COC, I am wondering if there is a comparison here.

I feel as a collector, I need to keep ordering the US Mint coins. If I were a bullion investor with silver at $ 13.98 I would like your opinion on whether you think the quantity of 10 would be a good price.

Dave

 

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The $18 is the UNC one. The $40 one is probably the proof. Two different things.

And if Spot is at $14, I'd pay just slightly above $14 for an ounce. $18 seems steep.

 

I've been disappointed in prices. Silver is so low but the premiums are too high.

Granted still better than $40 an ounce.

 

The proofs ran 50.60, I paid 41.60 for the Unc. ASE from the mint.
The reason I ask is I don't think I will ever find an ASE at face silver prices. So how much over melt is a good price ?

 

Has the Mint stopped making the Burnished Uncirculated SAE with the West Point mintmark? I just looked on their website (first time in years) and I couldn't find it.

Chris

 

Whenever I feel that, I lie down a few minutes till the feeling passes.

 

Do you believe the price of silver is going up four bucks an ounce? Answer that question and you might answer your own question.

 

No. They stopped selling the 2015s and the 2016s are not yet available.

 

17.95 is for the bullion coins, not the burnished one with the W mint mark.

 

I looked through the complete 2016 schedule and didn't see it anywhere. Am I just blind in my old age?

Chris

 

ASE's probably have the highest premium over spot of any government issued bullion in the world. It just isn't worth it, unless you *really* want an ASE. Try one of the many other foreign issued silver ounces, which are equally good, for a much smaller premium.

 

It's all the way at the bottom because the date is to be determined. Item# 16EG.

 

U.S. mint sells bullion silver eagles to Authorized Purchasers for $2 over the spot price of silver, then they of course are going to want to make a profit for themselves. With a spot at $14 +2 (mint premium)= You are at $16 before the retailers/authorized purchasers add whatever profit they want to make.

Occasionally you can get ASE's for $2.49-$2.79 over spot when their is a supply glut and retailers are trying to reduce inventory. That is about as good as it gets.

 

@Tinpot , well said. Plus, I think people forget the mint has processing costs as well. I don't know the price they pay for the planchets, but I have to believe it's somewhere around PM spot pricing.

 

You can get the 2016 ASE at 16.51 A PIECE... depending on current price of silver at SD BULLION WEB SITE PLUS 7.77 SHIPPING.......... think starting 01/31/2016

 

I paid less than $20 with free shipping. 16.51 + 7.77 = 24.28

 

from where? if you buy 20 or so its still 7.77

 

Oops, re-checked the price and it was $20.83 (I thought I paid $19.99). Free shipping though. I pre bought it from MCM on eBay. I only want one, so the shipping you mentioned is a killer for me. You'd have to buy 2 from the seller you mentioned before the value changes.

At this moment, I'm only wanting the one to go in my Dansco.

 

Pre-purchase sounds like a young person's game?

The only thing I can justify pre-purchasing is life insurance ...

 

DEFINE YOUNG? YOU DONT TRUST THEM