How Much Above Spot do You Get for ASE's When Selling?

I've been asking at local shops here and have been told:
For 1 or 2 ASE's in BU: spot+ 50 cents each
For at least a roll of 20 ASE's in BU: spot + $1 each

Is this on par with your experiences? I know ASE's typically trade above spot but wasn't sure if this amount was typical.
Thanks.

 

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Visit the websites of four or five big bullion dealers, write down the premiums for selling, then add about 20% of that premium (to spot) for a typical buy price (unless they're overstocked).

 

You'd do better on eBay than 50 cents over spot

 

"You'd do better on eBay than 50 cents over spot..."

Postage is a factor too. If a single coin is mailed in a baggie in a 5x8 mailer, postage will be 89 cents in the US; if mailed in an Air-Tite, postage will be $1.10, but it's extremely close to the thickness limit. If you mail three coins or more, the total weight will exceed the NML limit, and you'll have to pay package rate, which is much higher. In addition, shipping 3 eagles, I'd want insurance; $50 insurance is $1.65 more. The numbers don't work, but eBay Sellers persist.

In theory, the Buyer pays postage, but they really don't; they pay the postage but bid less.

 

There is no reason to waste money on insurance for a 50 dollar package. You will spend more on insurance than you would get back in the long run by far on the off chance one gets lost.

The numbers do work out though. To make the math easier say spot is 16.50 that means he gets 17 from a shop. You can sell basically any ASE on eBay for 25 or more and older dates for 30 no problem. You lose bout 6 bucks with fees and postage which still nets you 2 dollars more. Even if you lose 7 its an extra dollar.

If you only have one or two to sell yes take the shop offer and call it a day, but someone wanting to sell a lot of them will do better on eBay and can reduce the cost even more with groups of them minimizing the shipping charges

 

As much as I can, it varies based on market conditions for selling - so wait until you're ready to sell and then take a look at various outlets.

Right now premiums are up a bit because sales are average. Once the market heats up, margins will go down and prices will appreciate.

 

Set the price you want (including your shipping costs) and sell them here, on CT, and have the buyer do PayPal gift so you don't incur the fee.

 

Someday Rip van CEO is going to wake up from his long snooze and crack down HARD on people who defraud PayPal, such as "pay it all back or we'll cancel your account permanently, and, monitor your IP address so you can't establish a "new" account..."

My buddy just got a 30-day suspension, and for all practical purposes, he was out of business for a month, no listings, no transactions. As much as I despise the g- b-, I can't get along without them, so I don't mess with them. It's what's called a necessary evil.

 

Great way to lose all your money - and silver at the same time.

Happens every day, and then they try to blame PayPal (or Russia?) for getting caught breaking the rules.

You might get away with it once or twice, but in the long run, you'll get burned. Just like people doing business on Ebay without a business license or account. They cry and scream - but we know the truth.

Ethics have gone out of style I guess? Hopefully we can change it back.

 

How would one lose their money, if they collect it before shipping?

 

I believe he was referring to buyers who really have no recourse that way. It's happened to a couple people on various forums from time to time.

 

Amen brother.

 

If it is a typical dealer, I'd say $0.50-$2 over spot would be your range for Eagles with many being at $1 over (likely slightly more for older dates). If you have a 1996, then ebay would probably be the better venue to sell.

 

Thanks for all the information everyone.

 

$1.50 over spot for my sales