10 Sunshine 1 oz rounds for $160.50*. $16.05 per ounce* *price as of this post, it fluctuates with silver price movement
They're 5 cents cheaper on their home website, or maybe that's just a delay in price updates. A nice surge in gold/silver this morning up a few bucks/cents respectively. ~1.4%
Don't get hopes up brett. We're still range bound and bouncin'. Luckily though silver didn't wanna give up the ghost after last week
A question for you bullion guys. I have invested in PMs but always through ETFs where I can buy and dispose of them with a phone call. (Laziness perhaps?) Seriously, though, the premium for the silver rounds versus the ASEs is noteworthy. However, when it comes time to sell, are the rounds as liquid as the ASEs? Does one run into situations where some dealers want to only buy ASEs? And is the discount heavier for the rounds? Thanks.
The momentum swung across the threshold last year. We are range bound, but we've set a higher bottom and 200 day moving average. Dealers will tend to pay melt for ASE's if they can (or less), and less for generic rounds since they are expected to sell them to you at about a buck over melt. Your best bet to liquidate is retail Ebay. You will normally get enough to net the bid spot value or higher after fees/shipping. There's a definite premium on ASE's on Ebay as well. ASE singles are selling for $21 and up today and will probably go over that into the weekend with the pickup price in silver this week.
You have to differentiate LIQUIDITY from MARKETABILITY. Liquidity is the ease of selling. Marketability is the ability to get fair value or face value or whatever. The problem with ETFs is they can diverge from NAV and you technically own paper, not the physical commodity.
Really ? Over a $5 premium to spot ? I didn't realize it was that steep. Hadn't bought any in a long time. Maybe I paid that a few years ago but maybe silver was higher priced and the % was lower.
This is Ebay sales only - and for singles. Figure in labor if you want to scale this - that's the biggest cost. I won't pay that price, but I buy in bulk and wait for deals to come my way.
The better dealers pay for generic silver based on spot sell. Certain mints about $1 over. They pay $2 over on ASEs. eBay is tricky. First, realize the buyers are not paying taxes. Second, in some areas it is difficult to find a reliable dealer. As for selling, you do not make enough extra to make it worth the trouble. eBay adds the shipping fee to the selling price then assesses your fee. It costs money to properly ship. PayPal charges a fee. You will lose about 10% back in fees and costs. With the PayPal rules, you better insure your package or risk a buyer getting a full refund for a lost shipment. Find a reliable dealer!!!
