My local shop sells raw ASE 2nds at a discount roughly 4 dollars over spot. They may be colorized, tarnished, dinged, or have some issues but many are just years with high mintage that look brand new to me. Am I missing something? Is he just moving product considering the premiums I don't understand. But I'm not complaining I pick up the second ASE for 2 bucks over the generic rounds every time I walk in the shop. Your thoughts? I steer clear of the painted ones.
I rarely buy coins but when I do I usually compare to prior sales. What is spot price anyways in a general sense with coins or rounds? Where can spot prices be found? I understand now about the supply and demand thing. Just where to find spot price please.
I was referring to the precious metals spot price that moves daily on the open market when buying and selling silver/gold. Bullion is bullion to me but like most I prefer ASE when the price is right. Just curious if others see American Silver Eagles sold as seconds considering the premiums, they are going for now. Numismatic coins are not the same as bullion stacking. Gold and Silver Prices, Charts, Widgets and Calculators (jmbullion.com)
If you haven't ever sold any of these, why not make 2 or 3 available. This will be the true "tell all" if this is the right thing to do. IMO selling bullion ASEs is better to sell to coin collectors rather than bullion dealers/buyers. After saying that appearance is important, and I may be wrong because I've never atempted to sell any.
I'm trying to complete my collection in ASEs. I think that the earliest year is 2008. I've paid quite a bit on the special ASE's. I'm also trying to collect those sets that have an ASE in it. I don't collect Bullion ASEs. I have changed my focus on ASEs from time to time when I hit a roadblock when an ASE is way out in their (have to be careful on how you call someone, i.e. He, she, etc.) Anyway, it's been a fun ride.
When ever you can get a discount on silver bullion thats a good thing, scratched dinged or otherwise condition is always secondary in this market.
Usually problem free ASEs have a premium because people want nice examples without issues for their album or set. I don't mind the painted ones or example with minor issues if the goal is to get 1 oz of silver at the lowest premium. Other people actively avoid those though. In terms of why the dealer might have added problem-free examples into that seconds bin is anyone's guess. I would think he wanted to move them quickly and not risk spot falling. He could have also bought them for a good price and was passing along the savings.
I have never had much interest collecting them as a set. They are my preferred bullion coins when the premiums are fair. larden I don't sell coins and hopefully my grandkids will one day own them. I do have a few graded ones I got in coin bundles I purchased, but I don't actively look for high grade eagles to purchase. I guess with the eagles I'm a stacker more than a collector.
I started out with ASE they are very easy to sell, and everyone recognizes them. They hardly ever change the design until here recently. I unloaded all of them earlier this year. I purchased the bulk of them 2015 -2018. I got bored with them and sent them packing.
Silver has a catch 22 element to it, it’s used to produce many things allot more then GOLD the problem there’s just to much of it !
I dont hate on Silver and if you gave me some I wouldn't refuse it , I just like GOLD better from an investment point of view plus its allot easier to move and store I have also got heavy in to certified coins and it scares me to buy a Silver slabbed coin because of tarnishing or getting milk spots which greatly affect value my only concerns plus the counterfeiting issue of buying Morgans which I like allot, but its hard to trust will all the fakes from China
I dont have any Morgans at present, I did back in the day had several but mostly common years even started an album
