On average, how much over spot would these things cost? How much over spot does one single ASE cost? I am planning to invest in a "monster box" of ASEs soon. Next stop, AGE Monster Boxes...
How many coins are in a monster? Know a guy who sells silver eagles for $17.89 each if you buy 500-2500.
I dont know what a "Monster Box" is but I wouldnt invest in mass quantities of silver just yet....but thats just my honest opinion.
Howdy vision, Check at www.apmex.com to see what their premium is for ASEs. You might also call some of the major bullion dealers in Coin World. Also check the premium at www.monex.com. One thing to keep firmly in mind is that ALL individual bullion products are extremely scarce right now and have been for the past month or so. This has resulted in a steep hike in their premiums. Some would call it gouging, but it's really just a supply/demand thing. And yeah, I know about how the spot prices for bullion have been beaten down quite severely but these are 'paper' prices and not street prices. As these paper prices have come down, demand has increased and so much that supply has started to disappear from the shelves. In summary, the premium today is going to be higher than 6 months ago but supply is sooooo short, that if you want a monster, you better buy that sucker now. rono
500 coins in a monster box and getting pretty high premiums. Check out http://www.tulving.com He's got them at $4.99 over spot for 500. Apmex is probably about the same. There site has as low as $4.49 over spot but may be for larger quantity. If you're going to do it do some serious digging before you buy and make SURE they have the product ready to ship.
The prices for these are out of line right now. Little supply, but lots of demand has caused dealer buy prices to skyrocket. You'll be paying $4-$5/ounce over spot for them now, but if you wait until the market stabilizes, less than half that.
Like the other said...it might not be the best time to buy metals. Some investors are moving money from commercial paper and stocks to precious metals...they think its less risky. The increased demand is driving up prices (not necessarly spot price but street price is going up). My suggestions is if you are trying to "get into" metals for investments. Buy a little every week instead of one huge chunk. The concept is called "dollar cost averaging". The thought is that one "bad" purchase is corrected by bunches of good purchases. The risk is that right now could be the "bottom" price, unlikely but possible. Also I would never pass up a screaming good deal. Personally my top price is spot +5% for "junk" bullion. /I collect ASE's as coins, but as "investments" I give tubes of ASE's the same consideration as I do any other silver round or bar.
Bullion ASE's are running a very high premium compared to Maples or Philharmonics. You should be able to save a buck or two going with these. The overall premium on silver in general is high. 6 months ago I was paying 1.5 to 2 dollars over spot for ASE's.
The demand for Silver may be driving some prices up right now. However, most of the Dealers that I know, purchased their' ASE's when Silver was at $17 or higher and won't sell them for less than what they have in them! Yeah, the consensus of advice is to wait until the market stabilizes but I say, wait until the Dealers get hard-up for cash flow! Frank
Sure 5k.....It's a plastic box that the mint uses to ship lage quantities of bullion....in the case of silver eagles it's 500.
Good point Frank the only problem is that we would need the prices to stabilize at these levels. If it stabilizes at a higher price, which I feel it will, one will pay a smaller premium but it will come out about the same. You are absolutely right about dealers not wanting to sell cheap as they'd lose on every ounce. The last "monster box" we got at work was a box of 2008 and it cost the boss nearly $19 per coin. We sell at $22 and get it. Other dates that he had in stock we get $20 all day. Usually a "walk in" is good for spot at work. Saturday a guy came in with 10 rolls of 90 and 91. Boss gave him $15 per coin. Well over spot. Why would he do that? We needed them. People are buying like crazy to have the PHYSICAL product in hand. We are running low. Rounds go for $16, ten ounce bars at $160 and we have one 100oz bar left for $1600. The cash flow to dealers is there believe me. We just can't meet the demand. Starting to get low on gold now as well.
This thread came up as the #1 search result @ Google (for "ASE Monster Box") now (I just searched for it.) Boo to everyone on the thread downplaying the significance of buying ASE (or any silver) in 2008. =)
