What is a fair price over spot ?

My magic 8 ball says yes !

 

Log in or Sign up to hide this ad.

If gets to 18.00 and there will be plenty of silver to buy

 

Nobody knows until it happens but it could go below $20 and that could be painful for some for sure. It would be a shame to be broke and have to sell silver right now, that's all I know!

 

Though I got lots of silver more a novelty to me then anything else, like to
collect different mines and such but other then that, not really going to provide
any realistic financial security, like the big 3 Palladium, Gold and Platinum.

 

I'm not sure what to make of the two poll choices - that should really be expanded, depending on the metal.

I find that premiums on precious metals tend to be very good at Monument Metals. Depending on the metal, and what it's trading at, you can find some good deals there. Just go to their "Deals" drop down list to see what's on sale. There are gold bars for just over 3% premium/oz., for gold coins, there is range from 4% and up, depending on the country. Premiums for palladium and platinum are generally high, like 19% for platinum recently.

 

It’s a general question, I think depending
on you PM of choice, for example if your
GOLD guy what is a fair premium over
spot ? prices vary allot depending on the
dealer.

 

Whether it's a quarter eagle or a Saint Gaudens, my amount on getting a fair premium is to offer $25-$50 over spot depending on condition! If the condition is a definite AU or higher I may have to offer more! I usually play that part by ear and most of the time the final price is music to my ears!

 

For some strange reason silver mining companies are moving up against the stock predictors saying it should be going down.

 

$25-50 per coin, or per ounce?

 

I just wish I owned property in a lumber producing area, the mark up has not start down. I saw my first ( $1000+ after tax) single piece of lumber, Yes it was 12" x 12" X 24 ft. pine , but it was on sale as a "cull" as it had some rather long cracks in it ( maybe poor or too fast drying schedule). I was looking at it when a builder came to his truck next to it. We talked a little and he said every time he gave a quote now, he was cursed, called a thief, etc. Hard times.

 

Per coin, whether you get it or not depends, but that's usually what I'm willing to offer at my LCS. Brick and mortars only pay 70% maximum for the gold coins they buy, so in my mind they're still making a nice profit. It's still their choice but I'm surprised how many are willing to sell asap as they have bills to pay just like everyone else.

 

Most of us pay our bills by the first of the month, surprise so does your LCS owner
have gotten better deals at that time

 

I used to buy Littleton silver American Eagles as part of birthday celebration for my kids on date of their birth. Are these good coins to start buying will the fall of silver? Never knew much about the silver coin department of coin/bullion collecting.

 

Yes, American Silver Eagles, you don't have to buy the proof coins though. Most stackers collect the bullion American Silver Eagles like yours and that's why the premiums are still too high on them.

 

Whats fair premium for palladium...LOL

 

None of us here have enough money to buy palladium...

 

That's simply not true. The ones by you may shortchange people but paying 70% of melt is not standard nor should anyone sell for that.

 

If a lot of sellers of palladium eagles get their way, it’s in excess of $1,000 an ounce.

 

The last time silver crashed to around $13 and there was nary an once or gram to be found.