$30 Silver Maple Leafs

Discussion in 'Bullion Investing' started by CoinBlazer, May 16, 2018.

  1. Blissskr

    Blissskr Well-Known Member

    Even at 2 for $50 you'd likely be absolutely buried in the coins for a long time, I'd pass.
     
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  3. myownprivy

    myownprivy Active Member

    This is a rip off. Silver Maples should never be more than $2.50 over spot, ever. If you are "collecting" bullion, I suppose you could justify spending more for a year you don't have yet. Offer $38.00 for both, at the most.

    Cheaper: https://www.jmbullion.com/silver/silver-coins/canadian-silver-coins/silver-maple-leafs/
    Cheaper: https://www.providentmetals.com/canadian-silver/silver-maple-leaf.html

    You should pay $19 at the most for random year Maples. But I would personally never pay 99 cents over spot for a random Maple Leaf.
     
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  4. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Consider the reverse. Perhaps he thinks he is doing a nice job pricing, so ask what his buy price is. If you can make money, sell him some of yours that can be replaced at a better price from strictly bullion dealers. That is the name of the forum, so invest for future down prices, sell!

    Jim
     
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  5. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Or maybe he just asks high knowing that most will try to whittle him down anyway? Unfortunately, "delusions" exist on both sides of the table.
     
  6. CoinBlazer

    CoinBlazer 0101000001001101001000000110110101100101

    I don't get what that means
     
  7. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    It means that if one gets a chance to make money ( which can eventually buy more coins) by selling at a higher than market price and then at proper time buy replacements at market or below price, perhaps a different source. Making money is good, hoarding is problematic as to outcome, IMO. Jim
     
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  8. CoinBlazer

    CoinBlazer 0101000001001101001000000110110101100101

    Kinda sounds like shorting a stock.
     
  9. Victor

    Victor Coin Collector

    What some dealers fail to understand is that not everyone is comfortable weaseling the price down.
    By continuing to inflate their prices they lose customers who don't care to negotiate.
     
    CoinBlazer likes this.
  10. What years are the Maple Leafs? Some of the ones minted in the 1990’s have relatively low mintages and carry a premium. If they are 1997’s, I would buy both at $30. TC
     
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