$30 Silver Maple Leafs

Discussion in 'Bullion Investing' started by CoinBlazer, May 16, 2018 at 8:59 PM.

  1. CoinBlazer

    CoinBlazer 0101000001001101001000000110110101100101

    A guy I know who owns a small shop, with mostly historical and war soveneuirs such as uniforms guns and helmets, has a small display case of coins, which I frequently buy from. He has 2 .999 Silver Canadian Maple leafs, for 30 dollars each. I want to negoitiate 2 for $50 but I feel I am still overpaying. What is your take on this transaction?

    NOTE that this is for collecting and not investing
     
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  3. Histman

    Histman Too Many Coins, Not Enough Time!

    My opinion! I can get American Silver Eagles for $2.00 over spot at my LCS. 1 oz of silver is $16.25ish (today). I think you would be overpaying.
     
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  4. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    A generic maple leaf at even $25 per seems awful high to me. Unless you're otherwise getting sweetheart deals, I don't see how this would be a wise purchase.
     
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  5. CoinBlazer

    CoinBlazer 0101000001001101001000000110110101100101

    Imma try to negotiate $20 each then $25 not a dime over $25
     
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  6. Victor

    Victor Coin Collector

    $30 Not a good price.
     
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  7. furryfrog02

    furryfrog02 Well-Known Member

    Even $25 is too much unless it is a less common date.
     
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  8. -jeffB

    -jeffB Greshams LEO Supporter

    Perhaps he thinks that Silver is Real Hard Money, and people should pay him a premium in Worthless Toilet-Paper Fiat to get his Precious Metals.

    That's fine, but there's no reason for you to chip in financial support for his delusion.
     
  9. furryfrog02

    furryfrog02 Well-Known Member

    Also, just because you are "collecting" and not "investing" does not mean you should pay an outrageous premium. Especially for common crap.
     
  10. baseball21

    baseball21 Well-Known Member


    You can do much better than $25 on eBay and that's with "free" shipping
     
  11. baseball21

    baseball21 Well-Known Member

    My guess would be he bought them for 25-30 and just isn't willing to take a loss
     
  12. derkerlegand

    derkerlegand Well-Known Member

    I Just Might know where you can get varied year for $19.09 each. Over 5 free shipping!
     
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  13. rte

    rte Well-Known Member

    It comes down to it's your hard earned money, do as you like.
    I threw my local guy a bone when I paid up for a 1 ounce silver casino round @ spot plus $1 price for a piece that was 28 grams.
     
  14. baseball21

    baseball21 Well-Known Member

    That's really not throwing someone a bone. thats .9876 ounces. I'm sure he appreciated the extra 40 cents or whatever it was.
     
    Last edited: May 17, 2018 at 12:28 AM
  15. hchcoin

    hchcoin Member

    I agree with everyone else. I think you can get them for less if you shop around.
     
  16. TheFinn

    TheFinn Well-Known Member

    You can buy privy-marked proofs for less... even on eBay!
     
  17. Kentucky

    Kentucky Supporter! Supporter

    An ounce of silver is 31.1 g
     
  18. Rick Stachowski

    Rick Stachowski Well-Known Member

    I think that's called a Troy Ounce ?
     
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  19. Paddy54

    Paddy54 Variety Collector

    Canadian silver and gold is .99999 not .999 and what years are the maple leafs ?
    Yes bullion true but some years do have limited mintages, and there are some that weight over an ounce of silver. So there is a difference that needs to be clariied before one can make a call. Are they common dates? Special editions? Low mintage Privy's ?
     
    Rick Stachowski likes this.
  20. baseball21

    baseball21 Well-Known Member

    That makes no difference.
     
  21. CoinBlazer

    CoinBlazer 0101000001001101001000000110110101100101

    Cool it is always A Pleasure to Meet Every EXciting person here! Don't you agree?
     
    derkerlegand and Adam34falcon like this.
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