so got a whole bunch on ase's at the flea market for around $10 a peice(please dont let me know if i over paid) which makes what i paid to $10 an ounce. now for the question with the price of silver rising as fast as it is, will the ase's start showing the price increase of silver before silver goes past $10 an ounce? or will they stay at (lets say $10) until the price of silver goes beyond the $10 mark.
That is good....most dealer were charging $10 for most of the dates at the first of the year...my dealer is now $12-$15 each..... Speedy
The silver eagles normally sell at a premium to the spot price of silver, probably because they represent silver in coin form which does not have to be assayed or weighed. If you go to a dealer and resell them now, my guess is that you will be offered a price slightly under spot. A sale through Ebay [or if you become a flee market dealer yourself] will probably result in a sale at or close to full value, minus fees of course. If you hold the coins for a long time, market conditions will vary. At times, the coins will sell at a discount to the spot price. At other times, you probably will be able to sell each coins for a few dollars over spot. There is a lot of mass psychology impacting the price of silver, so what is true today isn't necessarily an indication of how things will work in the future. What you paid is probably about right assuming the coins are not damaged in some way - even though you don't want to know. In my unprovable opinion, you made a wise purchase and should just put the coins away for the long haul. The economics of silver are very good and getting better all the time. Sooner or later, this should be reflected in higher prices. Some people might tell you that there are huge supplies of silver just waiting to hit the market when the price rises a couple of dollars. This is doubtful because most of the junk metal that is likely to come to market at prices under $20 already did so in 1980.
