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<p>[QUOTE=&quot;dave92029, post: 980841, member: 26916&quot;]I have resumed my purchases of Silver after being idle for many years. I have made several purchases at what appeared be be &quot;good deals&quot; at the time, but the more I learn the more confused I become. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie5" alt=":confused:" unselectable="on" unselectable="on" /> </p><p><br /></p><p>Pricing starts with the Spot price. Then the dealers / sellers add a markup.&nbsp; What does the US Mint sell ASE to dealers for? What is the starting price in the food chain of buying and selling silver ASE? Is it Spot or Spot plus some markup?</p><p><br /></p><p>I have bought 2010 ASE unc. in lots of 5 and in tubes of 20. I&#039;m trying to better understand what is a &quot;fair&quot; markup over the Spot price of Silver.</p><p><br /></p><p>On the internet I generally look at Kitco, Monex, Goldline, etc. These dealers have various minimum order requirements plus shipping and handling that can add more than $2/ ounce. The total cost over Spot appears to be around $2.60 - $3.50 per ounce including shipping and handling.</p><p><br /></p><p>My local coin dealer also offers ASE in the $2.50 - $2.75/ ounce.</p><p><br /></p><p>In order to have &quot;fair&quot; pricing it requires an &quot;informed and knowledgable&quot; buyer and seller. This is often not the case on eBay and therefore there are &quot;opportunities&quot; to to get a better &quot;deal&quot; </p><p><br /></p><p>Yesterday, the Spot price of Silver sharply increased. I bid on several tubes of 2010 unc. ASE on eBay, and won my auctions at $20.65/ ounce plus $0.25/ ounce shipping. This works out to less than $2 over the closing Spot price. </p><p><br /></p><p>I have two questions: </p><p><br /></p><p>A) what is a &quot;fair&quot; amount to pay over Spot for current year ASE? $2.50 - $2.75 or $2.00</p><p>B) When I go to sell ASE, should the Bid, selling price, be below Spot or below the Ask price (see A above) How much of a discount is reasonable on selling? I&#039;m not planning on selling, just trying to come up with a way of pricing my silver coin inventory.</p><p><br /></p><p>Thanks for your assistance.[/QUOTE]</p><p><br /></p>

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