over spot?

Over spot

So if I have an offer for ASE's at spot plus $2.70, that is a good price?

Thanks,

Erin

 

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My guess is if they think silver is going to go down they are more willing to sell at a lower premium. If silver is on a tear or heading upward they want more. It makes since if you think about it. Also at a bigger show you will likely have a lower premium because of the competition. As with many coins it is the competition and the general trend of the item you are selling.
If they want way over spot because they bought it before the drop, then I'll wait cause someone will buy the next batch at a lower price.

Lack

 

Lack you are right on the competition but I disagree with you on the buying when it was high or vice versa. Most companies you deal with buy their coins from another dealer (one of the 4 that can buy from mint), and they normally dont have an inventory of bullion. I know our company doesnt. Our inventory rarely consist of masses of raw coins. Instead we will have that drop shipped to the customer if thats what they want. Premium also depends on the year. For example the premium on 09 SAE is way less than a 10SAE. And one more thing, coins carry a higher premium than bars.

 

Are you saying you sell something that you don't have? What happens if someone orders big, and then the mint runs out of ASEs and the mint runs out of plankets?

 

Well we dont order straight from the mint. We order from one of the 4 that buy directly from the mint. We have a great idea of what we have access to but its like that with any company. If the blank runs out of plankets or stops minting, the access for anybody is limited. If someone calls in and orders 10,000 2010 SAE and are that serious, we will call our supplier to approve inventory.

 

Best I can find

Is $2.70 over spot for 2010 ASE's.

 

I have learned one thing here, PM is a BIG poker game! So lie,cheat,carry a big gun but ALWAYS WIN!

 

$2.70 over spot is an excellent price, IMHO, if you are buying locally from a coin shop. You walk in, put your money down and come out with coins. If on the other hand you mean buying them online, you have to figure in the shipping charge. If you buy one and the shipping charge is $7, then you actually paid $9.70 over spot.