Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Are 2020(P) "Emergency Issue" silver eagle over priced?
>
Reply to Thread
Message:
<p>[QUOTE="John Burgess, post: 4529388, member: 105098"]I dunno about that. I mean they sell the silver so that's something, and they get a bunch of happy bullion dealers rubbing ther hands together and giggling that they can charge $300 for $18 worth of silver and $30 in grading. And the grading companes in my opinion are just as bad. They are selling more grading and labeling by tagging slabs whatever the larger dealers want. That''s not exactly what I think as being impartial or "3rd party" or even very trustworthy.</p><p><br /></p><p>They get something from it. But yeah I agree when it first happened some dealer figured out how to identify the boxes by production numbers and where they were minted. At this point though. It's as if the mint made 250K and told the dealers "hey we know business is hurting for you with this virus, here's the box numbers, get them slabbed and make a killing on the Internet and mail order".</p><p><br /></p><p>I dunno. Just shady to me. Kind of looks to me like collusion or just something a bit below the board between the mint the dealers and the grading companies that will do whatever the high submitters want and the collectors suffering for the greed. The mint could have just made them and sent them out with no way to identify where they were minted instead of sending out letters with the lot numbers to look for and set aside, and the grading companies could not want to participate in it, but money is money and I gess that's more important than a bunch of people with MS70 slabs of theirs they paid $300 for but a year from now will probably sell for under $50. So goes most everything they sell on home shopping shows I guess. </p><p><br /></p><p>It's not so much them striking some at a different mint to keep up with demand, it's the whole prealert letter to the distributors to look for the box numbers so they could juice buyers that grinds my gears. There's some sort of motivation there or they wouldn't have done that and left it up for the dealers to figure out. Could be the mint knowing it's gonna be slow on foot traffic with the virus and giving dealers something to put money in their tills by selling "emergency release" so their approved distributors don't fold during this tough period I guess... whatever. I can't be convinced THIS didn't matter to the mint because of how they did this one.[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 4529388, member: 105098"]I dunno about that. I mean they sell the silver so that's something, and they get a bunch of happy bullion dealers rubbing ther hands together and giggling that they can charge $300 for $18 worth of silver and $30 in grading. And the grading companes in my opinion are just as bad. They are selling more grading and labeling by tagging slabs whatever the larger dealers want. That''s not exactly what I think as being impartial or "3rd party" or even very trustworthy. They get something from it. But yeah I agree when it first happened some dealer figured out how to identify the boxes by production numbers and where they were minted. At this point though. It's as if the mint made 250K and told the dealers "hey we know business is hurting for you with this virus, here's the box numbers, get them slabbed and make a killing on the Internet and mail order". I dunno. Just shady to me. Kind of looks to me like collusion or just something a bit below the board between the mint the dealers and the grading companies that will do whatever the high submitters want and the collectors suffering for the greed. The mint could have just made them and sent them out with no way to identify where they were minted instead of sending out letters with the lot numbers to look for and set aside, and the grading companies could not want to participate in it, but money is money and I gess that's more important than a bunch of people with MS70 slabs of theirs they paid $300 for but a year from now will probably sell for under $50. So goes most everything they sell on home shopping shows I guess. It's not so much them striking some at a different mint to keep up with demand, it's the whole prealert letter to the distributors to look for the box numbers so they could juice buyers that grinds my gears. There's some sort of motivation there or they wouldn't have done that and left it up for the dealers to figure out. Could be the mint knowing it's gonna be slow on foot traffic with the virus and giving dealers something to put money in their tills by selling "emergency release" so their approved distributors don't fold during this tough period I guess... whatever. I can't be convinced THIS didn't matter to the mint because of how they did this one.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Are 2020(P) "Emergency Issue" silver eagle over priced?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...